The Pros And Cons Of Privatization Of Space Exploration

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Research Question: To what extent will the privatization of space exploration advance humanity in social benefits and economic advances. The issue of allowing or funding space programs has been the subject of debate across many nations around the world. Governments of various nations in today’s economy have to deal with the issue of debt and budgeting and many of their space programs have had to face funding cuts in more ways than one. Many nations such as the United States and Russia have had their space programs from the start of the cold war and the space race, but now face a lack of funding and closure. To launch a space mission it can cost upwards of billions of US dollars, but usually ranges in the hundreds of millions. For an example the MESSENGER mission cost $280 million, the launch of a space shuttle cost $450 million and it cost $1.7 billion to build just one of the five space shuttles. This causes mass debate in world politics and local politics as funding space programs for a few are seen as wasteful as our technological advances cannot provide enough support for a space program. As others argue that a space program…show more content…
The question that arises is of one were space programs have always been run by government agencies and to whether or not now allow private companies access to create their own space agencies and explore space. There have been many concerns regarding the privatization of space exploration be it that it can cost too much and cause corporations to fail and go bankrupt, or missions to go horribly wrong, with life as a risk factor. But just as these speculations can take place so are the counter arguments of corporations making billions causing the economy to rise and causing a new sense of pride with another space
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