Investing in Space Exploration. A good Idea?

Investing in Space Exploration. A good Idea?

The introduction to this blog talks talks about how space is the final frontier. Personally, it is the topic that interests and excites me the most. So is investing in space technology and continuing to spend money on the discovery of new worlds and possibly even extraterrestrial life worth the investment. This is especially important right now amid all the economic problems and the debt crisis in the United States.

Let me start off by giving you my take on this whole issue. I know that most Americans are going to disagree with this, but I feel that private companies and NASA should step up their commitment towards learning about the universe. However, I think that private companies should lead the way and NASA should have less of a presence at this point in time. We have to get our priorities right and sort out the issues with healthcare costs, shelter and the people who have lost their standard of living due to this great recession.

So getting back to my preference for the privatization of space-projects. I think this should work out just fine as there are plenty of individuals and companies out there that are as passionate about space as I am. Companies have profited in the past and will do so in the future through patents obtained and advances made in the biotech sector, robotics, satellite navigation, mining, energy production to name some of the fields. Companies like futuredex and Jeffries Quarterdeck Investment Partners come to mind here.

Forget the need for profit for a moment and think about the scarcity of resources facing this beautiful planet in the future. For that reason alone, it is vital that we establish a presence in space to make use of techniques like asteroid mining to bring materials and reserves that could greatly benefit the Earth and its inhabitants.

We all know that past behavior is a good estimator of future success. If we look at history, any time human beings have looked to venture out and try new things they have not only learned many things but also made tremendous advancements by engaging new communities and discovering new and useful items.

Outside of just the knowledge obtained about us and the planet that we live in, the space program has given us a lot things like improved weather forecasting and also allowed us to learn more about our own world by looking at how certain elements behave in other planets or systems in the universe.

Probably, the single greatest benefit of expanding the space program is to get kids to start learning about our world and the universe through math and science education that this country really needs to stay on top in this dynamic global environment today.