in contracts from yourselves at nasa and other parts of the us government — i mean, spacex, at least, ithink, $10 billion. bill, would they be able to be so successful without those public sector contracts? well, certainly the incentive for them to start their work was government payments and investment. for example, the whole commercialjet airline — what do you think it was developed for? it was originally developed for the us military after world war ii. look at what jet airplanes do in the commercial sector today. so sometimes there s seed money, there s incentive money to start in the commercial sector. and, bill, at nasa, you ve given billions of dollars to spacex, to blue origin and to boeing to help get man back on the moon. and last year, when testifying to congress, you backed
three of them are going to land this year on the surface of the moon. that s incentive money for them to do it and then develop a lander and help us get the information. for example, one of these landers is going to dig on the south pole, to see if there s water underneath the surface. that s hugely important for us to know, because if there is water, there s hydrogen and oxygen, and if there s hydrogen and oxygen, we ve got a gas station on the south pole. and, bill, as space exploration becomes increasingly, increasingly commercialised, what do you see is the most likely and profitable uses of the rockets and the satellites that we re sending up there? well, i see the real value for entrepreneurs, to take business off the face of the earth and take it
or not it s safe to launch. that s the bottom line answer. are you overreliant, do you think, just on a handful of small companies, or is that just inevitable given the nature of the space industry? well, take, for example, nasa s total budget. i think we have somewhere... a quarter of our spending is going to small businesses. we bring small businesses in at every part of our business, in our science and our earth science, in the exploration programme. but in many cases, we do small businesses directly. and an example of that i mentioned is the eclipse missions, which are going to... three of them are going to land this year on the surface of the moon. that s incentive money for them to do it and then develop a lander and help us
well, certainly the incentive for them to start their work was government payments and investment. for example, the whole commercialjet airline — what do you think it was developed for? it was originally developed for the us military after world war ii. look at what jet airplanes do in the commercial sector today. so sometimes there s seed money, there s incentive money to start in the commercial sector. and, bill, at nasa, you ve given billions of dollars to spacex, to blue origin and to boeing to help get man back on the moon. and last year, when testifying to congress, you backed the idea of fixed price contracts. so i ve got to ask you, how do you know that corners won t be cut, given that these private companies, they won t want to lose money? because we don t launch until it s safe. and it s nasa that says whether
commercial sector today. so sometimes there _ commercial sector today. so sometimes there are - commercial sector today. so sometimes there are seed i commercial sector today. so - sometimes there are seed money, there _ sometimes there are seed money, there is— sometimes there are seed money, there is incentive _ sometimes there are seed money, there is incentive money, - sometimes there are seed money, there is incentive money, to- sometimes there are seed money, there is incentive money, to startl there is incentive money, to start in the _ there is incentive money, to start in the commercial— there is incentive money, to start in the commercial sector. - there is incentive money, to start in the commercial sector. it - there is incentive money, to start in the commercial sector. at nasa ou have in the commercial sector. at nasa you have given — in the commercial sector. at nasa you have given billions _ in the commercial sector. at nasa you have given billions of- in the commercial sector. at nasa you have given billions of dollars. you have given billions of dollars to spacex blue origin and bowing to help get mann back on the moon and last year when testifying to congress to back the idea of fixed—price contracts. i ve got to ask you, how do you know that corners won t be cut given that these private companies, they won t want to lose money? met because we don t launch until it is safe. and it is now safe that says whether or not it is safe to launch. —— make it nasa. that is the bottom line answer. are you ever relying on a handful of small companies? take for examle handful of small companies? take for example nasa s _ handful of small companies? take for example nasa s total _ handful of small companies? take for example nasa s total budget. - handful of small companies? take for example nasa s total budget. i - handful of small companies? take for example nasa s total budget. i thinkl example nasa s total budget. i think we have _ example nasa s total budget. i think we have some — example nasa s total budget. i think we have some of— example nasa s total budget. i think we have some of a _ example nasa s total budget. i think we have some of a quarter— example nasa s total budget. i think we have some of a quarter of- example nasa s total budget. i think we have some of a quarter of our. we have some of a quarter of our spending — we have some of a quarter of our spending is — we have some of a quarter of our spending is going _ we have some of a quarter of our spending is going to _ we have some of a quarter of our spending is going to small- spending is going to small businesses. _ spending is going to small businesses. we _ spending is going to small businesses. we bring - spending is going to small. businesses. we bring small businesses _ businesses. we bring small businesses in _ businesses. we bring small businesses in and - businesses. we bring small businesses in and every - businesses. we bring smalll businesses in and every part businesses. we bring small. businesses in and every part of
businesses. we bring small- businesses in and every part of our business. — businesses in and every part of our business. in— businesses in and every part of our business, in science, _ businesses in and every part of our business, in science, and - businesses in and every part of our business, in science, and our- businesses in and every part of ourj business, in science, and our earth science, _ business, in science, and our earth science, the — business, in science, and our earth science, the exploration— business, in science, and our earth. science, the exploration programme but in _ science, the exploration programme but in many— science, the exploration programme but in many cases— science, the exploration programme but in many cases we _ science, the exploration programme but in many cases we use _ science, the exploration programme but in many cases we use small- but in many cases we use small businesses _ but in many cases we use small businesses directly— but in many cases we use small businesses directly under - but in many cases we use small businesses directly under the i businesses directly under the example _ businesses directly under the example of— businesses directly under the example of that _ businesses directly under the example of that i _ businesses directly under the example of that i mentionedl businesses directly under the i example of that i mentioned is businesses directly under the - example of that i mentioned is the clips, _ example of that i mentioned is the clips, three — example of that i mentioned is the clips. three of— example of that i mentioned is the clips, three of them _ example of that i mentioned is the clips, three of them are _ example of that i mentioned is the clips, three of them are going - example of that i mentioned is the clips, three of them are going to. clips, three of them are going to land this— clips, three of them are going to land this year— clips, three of them are going to land this year on _ clips, three of them are going to land this year on the _ clips, three of them are going to land this year on the surface - clips, three of them are going to land this year on the surface of. clips, three of them are going to. land this year on the surface of the mooh _ land this year on the surface of the mooh that— land this year on the surface of the mooh that is— land this year on the surface of the moon. that is incentive _ land this year on the surface of the moon. that is incentive money- land this year on the surface of the moon. that is incentive money for| moon. that is incentive money for them _ moon. that is incentive money for them to— moon. that is incentive money for them to do— moon. that is incentive money for them to do it _ moon. that is incentive money for them to do it and _ moon. that is incentive money for them to do it and then— moon. that is incentive money for them to do it and then develop. moon. that is incentive money for them to do it and then develop a i them to do it and then develop a lander— them to do it and then develop a lander and — them to do it and then develop a lander and help _ them to do it and then develop a lander and help us _ them to do it and then develop a lander and help us get _ them to do it and then develop a lander and help us get the - lander and help us get the information, _ lander and help us get the information, for— lander and help us get the information, for example, j lander and help us get the - information, for example, one of these _ information, for example, one of these landers _ information, for example, one of these landers is _ information, for example, one of these landers is going _ information, for example, one of these landers is going to - information, for example, one of these landers is going to dig - information, for example, one of these landers is going to dig on. information, for example, one of. these landers is going to dig on the south _ these landers is going to dig on the south pole — these landers is going to dig on the south pole to— these landers is going to dig on the south pole to see _ these landers is going to dig on the south pole to see if _ these landers is going to dig on the south pole to see if there - these landers is going to dig on the south pole to see if there is - these landers is going to dig on the south pole to see if there is water. south pole to see if there is water underneath — south pole to see if there is water underneath the _ south pole to see if there is water underneath the surface. _ south pole to see if there is water underneath the surface. that s - underneath the surface. that s usually — underneath the surface. that s usually important _ underneath the surface. that s usually important for- underneath the surface. that s usually important for us - underneath the surface. that s usually important for us to - underneath the surface. that s i usually important for us to know because, — usually important for us to know because, if— usually important for us to know because, if there _ usually important for us to know because, if there is _ usually important for us to know because, if there is water, - usually important for us to know because, if there is water, there usually important for us to know i because, if there is water, there is hydrogen— because, if there is water, there is hydrogen and _ because, if there is water, there is hydrogen and oxygen, _ because, if there is water, there is hydrogen and oxygen, and - because, if there is water, there is hydrogen and oxygen, and if- because, if there is water, there is hydrogen and oxygen, and if there| because, if there is water, there is. hydrogen and oxygen, and if there is hydrogen— hydrogen and oxygen, and if there is hydrogen and — hydrogen and oxygen, and if there is hydrogen and oxygen, _ hydrogen and oxygen, and if there is hydrogen and oxygen, we ve - hydrogen and oxygen, and if there is hydrogen and oxygen, we ve got- hydrogen and oxygen, and if there is hydrogen and oxygen, we ve got a l hydrogen and oxygen, and if there is. hydrogen and oxygen, we ve got a gas station _ hydrogen and oxygen, we ve got a gas station on _ hydrogen and oxygen, we ve got a gas station on the — hydrogen and oxygen, we ve got a gas station on the south _ hydrogen and oxygen, we ve got a gas station on the south pole. _ hydrogen and oxygen, we ve got a gas station on the south pole. is - hydrogen and oxygen, we ve got a gas station on the south pole.— station on the south pole. as space exploration — station on the south pole. as space exploration becomes _ station on the south pole. as space exploration becomes increasingly i exploration becomes increasingly commercialised, what do you see is the most likely and profitable uses
sector today. so, sometimes they receive money, there s incentive money to start in the commercial sector. , ., money to start in the commercial sector. , ., , money to start in the commercial sector. , ., , ., sector. and you ve given billions of dollars to spacex, _ sector. and you ve given billions of dollars to spacex, to _ sector. and you ve given billions of dollars to spacex, to blue - sector. and you ve given billions of dollars to spacex, to blue oregon | dollars to spacex, to blue oregon and boeing. last year, you back to the idea of fixed—price contracts, so i have to ask you — how do you know the corners won t be cut, given that these private companies won t want to lose money?— that these private companies won t want to lose money? because we don t launch until it s — want to lose money? because we don t launch until it s safe, _ want to lose money? because we don t launch until it s safe, and _ want to lose money? because we don t launch until it s safe, and it s _ launch until it s safe, and it s nasa that says whether or not it s safe to launch. that s the bottom line answer. safe to launch. that s the bottom line answer-— safe to launch. that s the bottom line answer. are you over reliant, ust on a line answer. are you over reliant, just on a handful _ line answer. are you over reliant, just on a handful of _ line answer. are you over reliant, just on a handful of small- just on a handful of small companies? or is it inevitable, given the nature of the space industry? given the nature of the space indust ? ., ~ given the nature of the space indust ? . ~ ., given the nature of the space industry?— given the nature of the space indust ? ., ., , industry? take for example nasa s total budget- _ industry? take for example nasa s total budget. i— industry? take for example nasa s total budget. i think _ industry? take for example nasa s total budget. i think we _ industry? take for example nasa s total budget. i think we have - total budget. i think we have somewhere a quarter of our spending going to small businesses. we bring
small businesses in at every part of our business — in our science, in our business — in our science, in our earth science, in the exploration programme. but in many cases, we do small businesses directly, and an example of that i mentioned is the eclipse missions, which three of them are going to land this year on the surface of the moon. that s incentive money for them to do it, and then developed a lender and help us get the information. for example, one of these landers is going to day on the south bowl to see if there s water on the surface —— dig on the south bowl. that s usually important to know, because if there are is while water, there is hydrogen. and whether is hydrogen, we ve got a gas
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hasn t been this low since the 1970s when the job force was much smaller. on top of that the stock market is red hot. despite a down day today, the dow remains above 26,000. and so far this year the dow, nasdaq, and s&p 500 are up nearly 5%. experts say it s because of tax cuts, consumer confidence, and expectations for a strong earning season. but the smiles at the corner of wall and broad have done little to raise spirits on the streets of west indianapolis where some manufacturing workers think the president has found new talking points and forgotten old promises. remember, in december of 2016, then president-elect trump cut a deal between the state of indiana and carrier heating and airconditioning. the company would get $7 million of incentive money next change for not shipping out jobs to a manufacturing plant in mexico. depending on whose numbers you believe, the deal saved between 7 and 1100 jobs. since then, carrier has had