Space Access ’11: Jeff Greason

XCOR CEO Jeff Greason

Jeff Greason
XCOR Aerospace

Observations on Status of Commercial Space

  • We have not won yet
  • What does winning mean? When we have a space transport industry that gets people and materials into space inexpensively enough so we can do something useful up there
  • $100 to $500 per pound to LEO
  • No suborbital passengers have flown yet
  • Big question — is there a large enough market to support commercial orbital transportation — I don’t know — thinks that it will…
  • Need intelligent government action “which is not a surplus commodity right now.”
  • Discretionary government spending will decline gradually or suddenly…
  • Our problems are not over
  • SpaceX can be very proud of their accomplishments, but they have not changed the fundamentals of the launch market
  • Military will do what it’s going to do — probably won’t serve as anchor tenant to make market work
  • Reality that NASA cannot have manned space program in traditional model will become evident over the next several years
  • NASA needs to buy a lot of bulk commodities from private space companies
  • Won’t need NASA if you get prices to LEO low enough….in the meantime, need close collaboration
  • “We are close, we are closer than we have ever been.”
  • “For if we do not all together, we shall surely hang separately.”
  • Don’t paint NASA with a broad brush. Get tired of NASA is evil. Space agency is not monolithic.