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The New Breed Of Space Entrepreneur

Here's a good roundup of the accelerating trend (that I pointed out last year--scroll down past satirical piece) of dotcom millionaires to become space entrepreneurs.

Posted by Rand Simberg at October 07, 2004 08:12 AM
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One of the interesting aspects of the recent move toward space is that it doesn't take an entire fortune to get into the game, just a small part of one. NASA's billions aren't needed to ensure that private space is here to stay.

Bezos compares space favorably to art philanthropy. Allen spent an order of magnitude less on his spaceship than he did on any of his sports teams. Carmack puts his investment on par with his Ferrari hobby. It is true that the two people who seem driven to make successful headline businesses out of space, Bigelow and Musk, are investing $500 million and $100 million, respectively. But you can create your own opportunities with a relatively small sum of money, as Anousheh Ansari has shown.

Posted by Dan Schmelzer at October 7, 2004 09:25 AM

I think this is totally cool. I have always told people that if I make it big, I would finance a cure for aging and space development industry.

Let's hope that these people are as successful in space commercialization as they are in their previous business endevours. The human expansion into the solar system may be the real payoff of the Reagan revolution.

Posted by Kurt at October 7, 2004 10:26 AM

A whole bunch of people are going to lose their shirts in this business, and that's just fine, because a couple of them will get it right.

On my 75th birthday, Feb 7, 2045, I have no reason to think I can't celebrate it in orbit.

Posted by Andrew at October 7, 2004 10:31 AM

Why are the dotcom magnates getting into private space? For the same reason that Willie Sutton broke into banks, "Because that's where the money is."

Allen, Ansari, Bezos and company are simply doing what Macy, Folger, DuPont, Carnegie and their other predecessors did before them, risking a small fortune (really only the budget of a single Hollywood movie apiece) on the potential to earn a much larger one.

Posted by Michael S. Sargent at October 7, 2004 12:54 PM

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