Latest / Financial Survival Network / Who Will Own the Moon? - Dr. Rainer Zitelmann #6406

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Who Will Own the Moon? - Dr. Rainer Zitelmann #6406 · Financial Survival Network

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  Speaker 1: You're listening to Carrie Let's's Financial Survival Network, where you
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  Speaker 2: Welcome you are listening to and watching the Financial Survival Network.
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  Speaker 2: I'm your host, Carrie Lets. We have a really interesting
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  Speaker 2: guest for you today. His latest book is New Space Capitalism,
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  Speaker 2: and rather than talking about the heavens and all that,
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  Speaker 2: he's talking much about the entrepreneurial path to the stars.
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  Speaker 2: His name is Reiner Zeidelman. Hopefully I got that right,
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  Speaker 2: doctor Reiner Zeidelman. It's really great to have you on
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  Speaker 2: the show. So humanity has truly entered a new era,
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  Speaker 2: hasn't it.
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  Speaker 3: Yes? Absolutely, And of course I feel confirmed because when
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  Speaker 3: I started to write about space capitalism a few years ago,
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  Speaker 3: a lot of people laughed at me. To be honest,
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  Speaker 3: what is this? What a niche topic? And what what
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  Speaker 3: is this space capitalism? But now we saw the biggest
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  Speaker 3: IPO in the history with seventy five billionaire the first trillionaire,
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  Speaker 3: and so I feel confirmed. Yes, now we shouted a
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  Speaker 3: new age, the age of space capitalism. And this is
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  Speaker 3: what my book is about. How did it happen? Because
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  Speaker 3: in the last century it was government led with the
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  Speaker 3: first moon landing and the space shuttle program, and now
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  Speaker 3: today is private and this is the topic. Why did
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  Speaker 3: it happen? How did it happen? And what about the future?
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  Speaker 2: You know, I was a kid when we landed on
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  Speaker 2: the moon, at least I believe we landed on the moon.
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  Speaker 3: Oh's right, that's right.
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  Speaker 2: I'm going to be sixty nine years old.
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  Speaker 3: I'm true. Right now, you're brown? Right? Is your birthday?
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  Speaker 2: July twenty first?
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  Speaker 3: Okay, my ross now Chune fortune. So we are exactly
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  Speaker 3: the same age, nine to fifty seven.
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  Speaker 2: Right, exactly. So I was in camp, you know, we
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  Speaker 2: do the sleepaway camp in the US, and I think
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  Speaker 2: it was the day after my birthday, if I'm not mistaken,
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  Speaker 2: July twenty second, or it was the day before. I
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  Speaker 2: don't remember. But we're all crowded around the owner's residents
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  Speaker 2: and he put a black and white TV by the
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  Speaker 2: window and we're watching it, like several hundred kids watching
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  Speaker 2: the moon landing and remembering I can remember Neil Armstrong saying,
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  Speaker 2: you know, one great step for man, one small step
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  Speaker 2: for man, one great step for mankind. I remember those
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  Speaker 2: exact words, and little did I know that thirty forty
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  Speaker 2: years later i'd be talking with people who don't believe
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  Speaker 2: that it happened. You know, it's certainly possible it could
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  Speaker 2: have been in a back lot. I just tend to
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  Speaker 2: doubt that that's the case, because we just went back,
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  Speaker 2: you know, just a couple of months ago, they went
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  Speaker 2: around the Moon and came back, you know, the furthest
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  Speaker 2: trip ever man spaceflight from the Earth. So I kind
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  Speaker 2: of believe we landed there.
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  Speaker 3: I also believe it because you know, it was not
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  Speaker 3: only one time that we landed there. It was six times,
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  Speaker 3: first time in July nineteen sixty nine and the last
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  Speaker 3: time in nineteen seventy two. Why should they fake it
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  Speaker 3: six times? And if they would have faked it, you know,
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  Speaker 3: the Russians, who were the losers in this race, they
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  Speaker 3: would be the first run to say here, it's all
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  Speaker 3: and they didn't. But of course it's important to explain
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  Speaker 3: why has there been a stagnation that fifty five years
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  Speaker 3: almost nothing happened, no progress. You mentioned it. We had
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  Speaker 3: this fly by to the moon fifty four years after
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  Speaker 3: we landed the last time, the win and why did
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  Speaker 3: it happen so or I understand some people who have
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  Speaker 3: doubts whether it happened because after this and my explanation
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  Speaker 3: is this, you know that people do something, you have
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  Speaker 3: to have a strong reason why. And in the sixties,
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  Speaker 3: of course it was the space race between the Soviet
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  Speaker 3: Union and the United States. What is better capitals men, socialism?
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  Speaker 3: And in the moment when they planted the flag on
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  Speaker 3: the moon, the wind rushed out of the sails and
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  Speaker 3: there was no longer reason to prove anything. And I
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  Speaker 3: think this is the real problem that there were no
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  Speaker 3: incentives now to For example, they spoke about a mission
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  Speaker 3: to Mars, but of course it costs a lot of money,
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  Speaker 3: and why should you go there? And after Apollo, they
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  Speaker 3: had this Space Shuttle program you know it well, the
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  Speaker 3: Space Shuttle, and it was a total economic disaster. They
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  Speaker 3: the expectation was ten million costs for every fly, ten
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  Speaker 3: million dollars. In the end it was more than one billion,
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  Speaker 3: one billion for every fly. And then they had this
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  Speaker 3: two accidents where forty people died. And then in twenty
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  Speaker 3: eleven it was the end of the Space Shuttle program
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  Speaker 3: and the America was no longer able to bring American
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  Speaker 3: astronauts from American soil with American rocket to the International
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  Speaker 3: Space Station. They had to rely on the Russians for
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  Speaker 3: nine years with this old fashion storious rockets. And so
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  Speaker 3: I explained in my book why did it happen? And
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  Speaker 3: then in twenty twenty it was the first time that
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  Speaker 3: America was able to bring their astronots with their own rockets.
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  Speaker 3: But this was a private produced shock, the Falcon nine
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  Speaker 3: from space X. And the story is that ill Musk
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  Speaker 3: was able to reduce the launch costs. This is how
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  Speaker 3: much does it cost to bring one pound through space?
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  Speaker 3: He reduced it by ninety five percent. Matched this ninety
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  Speaker 3: five years and prepared with the Space Shuttle.
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  Speaker 2: Yeah, that just shows government is often the most expensive
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  Speaker 2: option for accomplishing things. And you know the volume of
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  Speaker 2: the launches that he actually horns. And the fact is
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  Speaker 2: that he just got to the point where over half
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  Speaker 2: the total launches that have occurred since we started launching
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  Speaker 2: satellites and such into orbit is over fifty percent by
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  Speaker 2: Elon Musk. That is quite an accomplishment.
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  Speaker 3: Absolutely, and this is correct. I give you another number
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  Speaker 3: from fifteen fifteen thousand active satellites in space, ten thousand
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  Speaker 3: are styling satellites, so ten thousand out of fifty thousand
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  Speaker 3: or another number, this is the most impressing number. Last
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  Speaker 3: year we had three hundred twenty four rocket launches worldwide,
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  Speaker 3: three hundred twenty four, but one hundred and sixty five
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  Speaker 3: out of them were SpaceX. So it means if spaces
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  Speaker 3: were a country, it would be number one, far ahead
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  Speaker 3: of China with eighty eight launchers. And if you compare
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  Speaker 3: it with Europe, we had eight launches last year, eight
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  Speaker 3: with our government led to agency. This is five percent
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  Speaker 3: from what the single company space exit. And SpaceX is
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  Speaker 3: not alone. There's another company, for example, rocket Lab. They
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  Speaker 3: had twenty one launches. What sounds not so much if
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  Speaker 3: you compare to space X, but if you compare us
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  Speaker 3: twenty one launches with Europe eight, three times more from
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  Speaker 3: this company rocket Lab, that was founded by the New
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  Speaker 3: Zealander Peterbeck. So you see, definitely space travel is private today.
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  Speaker 3: It's dominated by private companies.
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  Speaker 2: Yeah, surprise, the government actually gave up control over it.
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  Speaker 2: But I guess it's not that surprising, is it.
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  Speaker 3: So I more sorry. I can tell you why it happened.
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  Speaker 3: So they were not convinced, but as I mentioned in
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  Speaker 3: twenty eleven, they were not longer able. They had no
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  Speaker 3: rocket to go. There had no rocket, and then there
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  Speaker 3: were a few smart people at NESER. They said, okay,
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  Speaker 3: let's give it a try with his private with his
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  Speaker 3: private companies. They called it our hail marry move, you know,
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  Speaker 3: like in football, hail marry move. But it would usually
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  Speaker 3: it doesn't work out, but in this case it worked out.
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  Speaker 3: But they called it the hail marry move. And they
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  Speaker 3: gave only half billion dollars, what is not much if
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  Speaker 3: you compared that in today's dollars. The moon landing cost
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  Speaker 3: three hundred billion. And then they gave, let's give a
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  Speaker 3: half billion and give it a try. And the funny
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  Speaker 3: thing is I happy my book this the woman who
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  Speaker 3: was in charge with in ASA for cooperation with spaces
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  Speaker 3: she said, every week people came to my office. Oh,
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  Speaker 3: I'm so sorry for you. It's so said that you
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  Speaker 3: have to work with his iges from SpaceX. I don't
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  Speaker 3: want to be in your shoes that have to work
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  Speaker 3: with this totally crazy people, but she believed it, and
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  Speaker 3: the and the end it came successful.
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  Speaker 2: Yes, no, it's pretty remarkable that we're at this point.
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  Speaker 2: So what's next SpaceX Now they're one of the wealthiest,
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  Speaker 2: most highly valued companies in the world. Where are we
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  Speaker 2: heading to next?
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  Speaker 3: Of course, you know there are several goats in Musk
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  Speaker 3: won't build data centers in space. That has a lot
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  Speaker 3: of advantages and building it on Earth. On Earth you
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  Speaker 3: have to wait sometimes years and years for permission, and
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  Speaker 3: you have this day and night cyclust. You know, the
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  Speaker 3: sun doesn't shine always, you have clouds. In space, you
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  Speaker 3: have no clouds, you have no day and night. You
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  Speaker 3: have twenty four hours sun. So it's much better. And
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  Speaker 3: SpaceX is not the only company that works on the
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  Speaker 3: SNeW media Google Planet Lab, they work also on data
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  Speaker 3: center in Earth. It's a big story. But then the
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  Speaker 3: next goal is for in Mars. His biggest goal is
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  Speaker 3: settling Mars. You know, this is what he said about spaceics.
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  Speaker 3: If we fail this goal to settle Mars, we failed
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  Speaker 3: in everything. So this is his big goal. He postponed
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  Speaker 3: it a little bit because now in the next few
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  Speaker 3: years you want to start to build a small city
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  Speaker 3: on the moon. On the moon, this is the next one,
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  Speaker 3: but then Mars. But you know my point is, and
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  Speaker 3: this is very important in my book. I have a
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  Speaker 3: whole chapter in this. I think it will only work
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  Speaker 3: if we have private property in space. And I will
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  Speaker 3: explain why there is a problem, because there is this
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  Speaker 3: Outer Space Treaty from nineteen sixty seven signed by almost
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  Speaker 3: all countries, and according to Article two of this Outer
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  Speaker 3: Space Treaty, is prohibited for country is to claim ownership
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  Speaker 3: over celestial bodies or land on celestial bodies. So I
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  Speaker 3: have not a problem if it is not allowed for states.
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  Speaker 3: But I have a problem what is with private companies
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  Speaker 3: or with private people. And it's not clear because the
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  Speaker 3: agreement doesn't say anything about it. Because I in the sixties,
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  Speaker 3: no one could imagine that some decades later there will
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  Speaker 3: be a trillionaire like Ian Musk, or billionaires like Chef
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  Speaker 3: Besos who have the technical skills and the money and
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  Speaker 3: the ability to go there. So there's nothing in this
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  Speaker 3: Outer Space treally abroud private companies. But I think the
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  Speaker 3: only possibility to finance it. So you know, my idea
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  Speaker 3: in the book is if spaceics would be able to
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  Speaker 3: go to Mars. They should claim ownership, of course, not
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  Speaker 3: the whole planet, but manageable area, maybe the size of
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  Speaker 3: Singapore Mars. The surface of Mars is two hundred th
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  Speaker 3: times bigger than Singapore, so there would be enough for others.
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  Speaker 3: They should claim ownership of it and then bring it
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  Speaker 3: to the stock exchange, or bring asteroids to the stock exchange.
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  Speaker 3: Then everyone, every shareholder has a part. And I would
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  Speaker 3: prefer this to the government. This is the only realistic
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  Speaker 3: way to finance it, because if you want to have
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  Speaker 3: a settlement on Mars without private property, it would it
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  Speaker 3: would never work. You know, socialism did never, never work
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  Speaker 3: on Earth. They tried it in a less secury more
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  Speaker 3: than twenty times and it failed everywhere without without any
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  Speaker 3: exception the subjects Union, Venezuela, Cuba and North Korea. Why
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  Speaker 3: should it work on Mars, if it on the moon,
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  Speaker 3: if it didn't work on Earth, this is ridiculous, and
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  Speaker 3: so private property is very important. And then bring it
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  Speaker 3: to the stock exchange. This should be the next big thing.
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  Speaker 3: And I can't imagine. Maybe it sounds a little bit
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  Speaker 3: like science fiction, but I think otherwise it will be
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  Speaker 3: that possible.
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  Speaker 2: Yeah, I agree, we know when the government tries to
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  Speaker 2: do anything, they usually make a situation worse. They screw
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  Speaker 2: things up, and then the private sector suffers and hopefully
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  Speaker 2: the private sector comes to the rescue. Hey, so five
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  Speaker 2: years from now, where do you think will be as
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  Speaker 2: far as space goes.
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  Speaker 3: First, I think we will have the first data center
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  Speaker 3: in orbit. Then I think we start to build the
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  Speaker 3: small city on the Moon. We will start within the
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  Speaker 3: next five years. And then I think, when I think
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  Speaker 3: about the next ten years, the first man will be
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  Speaker 3: on Mars. And after this they were start with settling Mars.
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  Speaker 3: And then we have another very important topic. I think
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  Speaker 3: that this will happen also within the next ten years,
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  Speaker 3: asteroid mining. Because you know, there are a lot of asteroids,
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  Speaker 3: more than one billion between Mass and Jupiter, and also
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  Speaker 3: forty thousand near Earth asteroids that are dangerous sometimes but
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  Speaker 3: they are full with platinum. For example, there's one asteroid
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  Speaker 3: called Psyche, yes gold platinum PGM group, and if you
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  Speaker 3: add it only from this one asteroid Psyche, it's more
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  Speaker 3: worth and the cross product of the whole world. Of course,
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  Speaker 3: only in theory, because if you would bring it to Earth,
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  Speaker 3: the prices would would plump. But so this asteroid mining
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  Speaker 3: and for this also the condition is that it is
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  Speaker 3: possible to claim ownership over asteroids, then I think then
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  Speaker 3: there would be companies who go to these asteroids, claim ownership,
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  Speaker 3: bring it to the stock exchange because it's not technical issues.
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  Speaker 3: You know. I had a conversation with a NASER researcher
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  Speaker 3: from Ames center is his name is Harry Jones and
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  Speaker 3: he's how that eighty years old, and he told me
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  Speaker 3: there are no showstoppers on our way through Mars. There
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  Speaker 3: are a lot of challenges and problems, but today with
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  Speaker 3: our tech skills, we can solve it. So the problem
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  Speaker 3: is not with the technical abilities. The problem is the money.
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  Speaker 3: You know, money makes the world go round, and you
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  Speaker 3: have to find it, and you can't find it with
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  Speaker 3: taxpayers money.
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  Speaker 2: I couldn't agree with you more so your book. I
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  Speaker 2: assume it's available on Amazon and wherever find books used
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  Speaker 2: to be sold the new space capitalism and entered the
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  Speaker 2: entrepreneurial path to the stars, and I'm going to definitely
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  Speaker 2: pick up a copy of it and write a review.
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  Speaker 2: I suggest all of you out there do it as well.
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  Speaker 2: Questions comments for doctor Zeidlman just shoot me an email.
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  Speaker 2: Kl at Carrie lets dot com any questions for me
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  Speaker 2: as well, happy to answer. Doctor Zeidelman, great to have
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  Speaker 2: you on the show. Thanks so much for stopping by.
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  Speaker 3: Yes, may I at something we were fascinated as young
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  Speaker 3: people to space And give this book to your children,
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  Speaker 3: that they will be fascinated with space, that they will
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  Speaker 3: see if this is the future, and they will study
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  Speaker 3: something related to space. I think this is the best
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  Speaker 3: that you can do. Give it to your children.
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  Speaker 2: All right, excellent and get one for your kids. Give
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  Speaker 2: it to them. Make your kids dream. Doctor Zeidelman. Great
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  Speaker 2: to have you on. Thanks so much.
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  Speaker 3: Thanks for lott, have a great day, goodbye.
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  Speaker 1: Thanks for listening to carry lets this Financial Survival Network
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