| > SpaceX will probably end up shutting down due to lack of lift demand... The launch business is tiny compared to what's possible when you can do large volume industrial research and manufacturing in microgravity. I take the approach that space right now is like the computer industry in the early 1970s. We're about to have our microprocessor moment with fully reusable rockets. This means ridiculously cheap access to space which could yield entirely new industries in biotech, semiconductors and other areas of research we haven't even imagined. We're only done the tiniest amount of research so far and have found put that you can grow much larger and purer crystals, antibiotics work in unpredicted ways and a hundred other examples of interesting areas of research. If launch costs are commodity, then do something with all that capacity. Cisco may have struggled when computer server prices fell, but that made companies like Google and Facebook possible. We're now living in a world that benefits tremendously from one thing becoming a commodity. |