Executive director u. S. Junior of calm moores face policy and commerce. Good morning, and welcome to the u. S. Chamber of commerce, and to launch, the space economy, our Second Annual space summit, events such as this are a team effort, and we deeply appreciate the support of our sponsors, huawei, northern, rock allow, juan weir hawkeye threesixty, and assent, we have been busy over the past year, and policy discussions, ranging from management inc. Commercial aviation is face launch airspace small satellite in, corruption and your british durance, to commercial opportunities, supporting future gateway, leaving convened a roundtable, to comment on the u. S. Coast guard, regarding the need for greater use of space surveillance in the arctic waterways, suffice to, say the chambers procurement, in space agency council, isnt ever walk expanding set a policy pursuits, fortunately we have an enthusiastic space industry ceo here at the chamber, after last years summit is, where there was an article written that sums up the chambers approach to the entire sector, from which i will, quote he wrote, pardoning the economic potential space will be no easy feat, it took hundreds of years to creates an efficient and well regulated maritime system, and nearly a century for aviation, but he added, there are both vital parts of the Global Economy and space, increasingly, is as well, indeed he wrote, space is the new economic frontier, the public and private sector, is much work, together as partners, and pioneers, to leverage is fast potential for humankind, and quote, what im not sure that it can be said any better what, before i introduce the ceo of the u. S. Chamber, we have a brief video, that i think you will like. If we could roll that now. What greetings from the International Space station, i nasa astronaut christina koch, on behalf of the expeditions, 61, crew we would like to welcome the attendees, of the 2019 space, summit aboard are magnificent laboratory, we are appreciative of the u. S. Chambers support, and commitment, to enabling commercial partnerships, and Strategic Investments especially in the space industry, as we fly 255 miles above, you we are making great progress on a number of experiments, for, example examining how microgravity can improve the health of people on, work we can expand this trying to get, to you as we approach to 28 continuous year of humans living, and working aboard the space station, while we couldnt join you in person, and we are happy to join you today from, orbit and wish you all productive, space summit. Well and with, that tom donahue, ceo of the u. S. Chamber of commerce. Well in a few minutes im going to go out to the airport, and on a horizontal basis, going to fly about 250 miles, its unbelievable, today, that you just store a quick video, from space, where people were telling me but you aint seen nothing yeah that, so im glad youre all here where, thanks to all the folks on the space station for tuning in with us for a few minutes, its great for us to see so much commercial work underway, on the International Space station, truly a jewel crown, of the Cutting Edge Research, youre going to see, as we go forward, and also like to thank all of you, who are joining us, today whether as the speaker, or panelists, a participant, whatever youre, doing its just great to have you here again, when we just make one observation, i went through all of the program this morning, on the way here, and i was really taken back, by the extraordinary number off, and quality of, speakers, that were going to have today, if you just look carefully, at that whole agenda, of whos going to be here, there is no question, that we are on our way to space, in a huge way, when this years summit, is appropriately titled, launch, the space economy, the name perfectly describes, where the industry is headed, in recent years, we witnessed the sea, change in commercial space, we are officially moved beyond the countdown to the point of lift off, think of, this today theyre less than 2000 active satellites in orbit, last year alone the fcc licensed over 13,000 satellites in low earth orbit, spaces the most promising industry, to arise since the birth of the tech sector, and Companies Large and, small want a piece of the action, thats why in the coming, years roads will continue to skyrocket, the u. S. Chamber projects, that commercial space, will be at least 1. 5, trillion dollar industry by 2040 and if there are stimulus from competing operations, that will happen faster, in a competitive way, and a much more vigorous investment, if that, doesnt give you a pause then you ate paying attention the future of our economy is being built right before your eyes, and it is polarized to opened everything, that came before, commercial space, will transform how all societies across the globe learn, learn communicate, thrive and, grow, and thats only using, space hundreds, of miles above us, if you, just think back, from the last six months, the things weve learned, the things weve read, the thing once weve seen what were finding, new black holes, extraordinary deeper into space and the next space its unbelievable, and i want to say again, what you are watching, at what we are working on, is only the beginning, as soon as we get one, place we are going on further, commercial, space, is something, that stimulates the mind and has a great potential, to fundamentally change our education system. All civilizations throughout history look to the heavens and they wonder and they prayed, now we have the chance to reach up and grasp those dreams and the opportunities are endless. Space isnt an empty void, but it is the landscape of near infinite opportunities. The materials and Energy Resources that are scarce here on earth are everywhere in our solar system. Lunar colonies, astronaut mining, and interplanetary travel, once the stuff of Science Fiction could soon become reality. But for that to happen, we need sensible Public Policies that will force through the innovation and investment and growth necessary for continued commercial expansion into space. Thats where the chamber comes in in our small way. Were working with all the private and Public Sector stakeholders to chart the course towards a mature commercial space, Regulatory Regime. Thats the reason we brought you all here today. Its you, our nations business leaders, policy experts and government officials who are laying the groundwork for a new age in Space Exploration. Were eager to hear from both government and industry this morning, as you Work Together to build a National Space policy that will help us lead the world into the next economic frontier. The future of our economy depends upon a vigorous pursuit of industry beyond earth and with the right combination of private investment and Public Policy, our potential for growth, like space itself, has no limits. So lets learn from each other today. Lets boldly venture into the beyond and lets go there together and thanks to all of you, again, for joining us and for making this a very, very important event the next step to space. Thank you very much. music music music music music music music music music music please welcome jim chilton, senior vicepresident , space and launch, boeing defense, space and security at the boeing company. And neil bradley executive vicepresident and chief policy officer, the u. S. Chamber of commerce. Good morning. Well, jim, thanks for joining us this morning and helping us kick off our Second Annual space summit and our launch program. I wonder if we could stop top line and tell us a little about boeings history in the Space Exploration and Space Program, which i know is frankly a lot richer than i personal appreciated and many in our audience appreciate and how youre thinking about your priorities today. Good morning. Well, jim, thanks for joining us this morning and helping us kick off our Second Annual space summit and our launch program. I wonder if we could start at the top line and tell us a little about boeings history in the Space Exploration and Space Program, which i know is frankly a lot richer than i personal appreciated and many in our audience appreciate and how youre thinking about your priorities today. Okay, well, one priority is to thank the chamber and all the people here, you and thomas, a great event and i know its a great start last year, so, thank you for that. From a history of legacy perspective, a lot of people dont know, but boeing goes back a good 60 years in human space flight and about the same in satellites to include commercial satellites, so if you look at the legacy companies, we were part of mercury and gemini, apollo built on both ends of the rocket, built devices, the lunar rovers were boeing products coming out against washington. I know thats a long time ago, but it makes our work force very proud and there are technical papers on Lessons Learned there and keep the work force engaged and interested. And look, i think the first commercial satellite rolled out of the factory and in california, sin com one in 1962, maybe, i might be off a year there and since then the satellites were off an auto plant. Theres a great legacy there. If you look for recently, we have the privilege of serving nasa on the Space Program and those are a marvel if you havent gotten to a museum to see one of them. Im biased because i got to work the program during my work and life and those things enabled the great observatory and the International Space station that theyre familiar with. And the partner nations, ill call it, conquered low earth orbit. Maybe we didnt conquer, but learned a lot about it and the kids dont know a time when humans havent lived continuously in space. Theres a new generation coming and from our work force standpoint. They were very relevant. And the Lessons Learned for our star liner project are huge, and i would argue nasas space station and the International Partner stations, that is the human Space Program for our country and a lot of the world today and we just keep learning so the ability to learn how the human race system and environments and kind of the crew ops and training and how fast you might have to move, in an unexpected event, thats just fantastic for our work force. So, i wanted to start with the history because as i mentioned back stage, i was home in oklahoma with my family and we went to the tulsa air and space museum and some of those companies that are now part of the boeing corporation, where some of those products that you just talked about were built in it you will is an and some of the volunteer docents at the museum were the ones who sent design the payload doors, for example, on the Shuttle Program and its amazingwell, not amazing, its remarkable the pride in which they take, and the work they did in having been a part of putting americans into space and our space dominance at the time and how they translate that, even to my nineyearold son in terms of what they can be a part of. And so, i think sometimes we skip so quickly to the present that we forget about how were building on that kind of legacy, that rightfully people who you and people who preceded you have deserved pride in what youve accomplished. Thanks for bringing that together and thanks for what boeing does in particular to help educate younger americans who follow your footsteps. I know one of the ways that you all help inspire folks and one of your colleagues with us last year is Chris Ferguson and for those of you who are here and joined us, you know that chris was a nasa astronauts and been in space and hes currently no longer with nasa, but training to go back to space and preparing to go back to space in a couple of years as part of Boeings Starliner program. Tell us a little about how you bring together the expertise of someone like chris has and his history in nasa and kind of the public side of Space Exploration and the expertise that you all have in the private sector side and how that marriage works and what kind of opportunities that creates as we think about how the u. S. Returns to human space flight. Well, yeah, thats a great perspective. I hadnt thought about the public internal part of it. Ill start by saying, were working in the commercial crew program and ours is called a starliner and proud of it and were going to flywere counting down the days now not months and weeks. How many days . Were looking at the 19th. We have the range over the weekend. We were on the 17th and we asked for the 19th and they may have positioned that by now, but thats what we prefer. We had something come up over the weekend on the purge was a little off we told the team get it how you need to get it. Number one, we call it the commercial crew program, but right now were serving nasa and i need to thank nasa. Because a lot of what we are able to do we learned from nasa and we have techniques and approaches and doing it with much less nasa direct involvement than weve had in the past. So having chris on the team is immensely valuable. You bring him into the team and put a boeing badge on him and firstoff, he has an effect on all of us. You know, we all know these are very brave americans and these are also really smart people so he has a great ability to lead other people. And he has maybe too much ability to say i could probably handle that risk, but his participation in those design trades and how are we actually going to operate this vehicle has been invaluable and we think that that is needed inside the tent. And no way of saying that the nasa astronauts are not able to participate in that way and its been really good for us and pretty cool for chris to see how things work behind the curtain. Publicly, we kind of have a deal with chris, we never want to be in position where hes not entirely comfortable to include our schedule and our timelines and our test protocols and it has a good effect on both of us and it gives him to fairly represent the nasa in the quarters hes uniquely able to do and ill close at that question by saying that if youre an engineer entering the work force or a technician that wants to build something just right and youre off trying to work with other nations and individuals who may want to buy a commercial ride on this. The ability to go out and get the question and say, hey, what do you think about this or that, im and last time i had lunch with him the day before and i talked in with naive questions for someone who is the know in your line of work and his ability to walk through some of those things is a credit both to him, but also, i think, to what hes learning with this kind of advent of how we go back into space. Right . Let me describe it as a composite. So never one, physics carrying peoples hefted his base, protecting them and bring it home safely really has a change. Were not going to walk away from what weve learned. I dont think anybody needs to hear more on that. That fundamental doesnt change. The Business Model is very different and what we try to do with the machines after we fly with nasas very different. When i say its a composite, hes a hardnosed test pilot and with some pretty tough chief engineers who will build that thing right. At the same time we know from our commercial airplane business and other commercial ventures, the optics of how you sell it and how you might arrange the seats and be able to reconfigure them, thats all much different, how we might be able to sell them, wed found in the future. Thats a lot of fun for the tape as well but its got to be thought through carefully. Thats i want to go further. The Current Administration has a renewed focus on Space Exploration returning american and american vehicles into space. You are also thinking the on that pic youre thinking about it from the commercial side of it. Talk a little bit about the same way we combine the best of Chris Ferguson with the best of boeing. How do you marry up the administrations vision for what it wants to do in terms of Space Exploration and understanding thats got to take place over multiple congresses and multiple administrations with what boeing wants to do in terms of planning out a commercial enterprise. How do those things fit together . Other opportunities presented . Are there conflicts . Theres the potential for conflict. The first answer is its a great opportunity. I want to remind everybody nasa has a policy objective in addition to taking americans to space, and others from u. S. Soil, which is job one, full stop. They also want to stimulate an ecosystem. We want commercial companies to succeed so that whether we work for nasa, to some extent we have their policy blessing to try to use them for customers other than nasa. You see them to export things with the International Space station and firemen to try to help us do that. There could be a conflict, hypothetically a customer and want to fly the same time nasa does. What weve express is there very open about its okay if you want to try to do that, just you know what harm to what were doing. I think nasa is enabling that much more than they are is this the Lesson Learned from going all the way back to kennedys challenge to put man on the moon, that the government is leading a providing some incentives and not just funding but the commercial spinoff and opportunities that are created by that National Commitment may be were not anticipated at the time and were not planned for but turned out to be very real, and now we understand there are going to be those type of commercial spinoffs and opportunities and a p