>> WELCOME BACK TO CHEDDAR THE
BATTLE OF THE BILLIONAIRES
CONTINUING AS THE BILLIONAIRE
SPACE
RACE ON FULTZ BLUE ORIGIN
FOUNDER JEFF BEZOS TAKING OFF
IN HIS COMPANY'S FIRST HUMAN
SPACE
FLIGHT TOMORROW 9 DAYS AFTER
RICHARD BRANSON COMPLETED HIS
OWN FLIGHT TO
THE EDGES STATES. WHAT DOES
THIS MEAN FOR THE SPACE TOURISM
INDUSTRY WELL JOINING ME NOW IS
CHAD ANDERSON ENGINE PARTNER
SPACE CAPITAL WHICH IS A SEED
STAGE INVESTMENT FROM I CHATTED
SO GOOD TO HAVE YOU ON THE SHOW
THIS AFTERNOON WHAT DOES THIS
LAUNCH TOMORROW ME FOR SPACE
TOURISM.
>> YOU KNOW A SPACE THAT USED
TO BE A DOMAIN THAT WAS
RESERVED FOR JUST A SELECT FEW
OF US.
>> IT'S OPENING UP NOW IN A WAY
THAT IT NEVER HAS BEFORE
AND YOU CAN SEE THAT THE
DIVERSITY OF THE PASSENGERS
THAT ARE
FLYING ON OR I MEAN THE RICHEST
PERSON IN THE WORLD IS BROTHER
SURE, BUT YOU GOT ALSO THE
OLDEST AND THE YOUNGEST PERSON
TO EVER FLY SPACE AT THE SAME
TIME
YOU'VE GOT
DIFFERENT VEHICLES. THEY CAN
NOW TAKE YOU TO SOME
ORBITAL SPACE. BUT YOU KNOW
SPACE IS ALSO OPENING UP FOR
BUSINESS, IT'S THANKS TO THE
EFFORTS OF SPACE X. THAT WE'VE
NOW SEEN. 200 BILLION DOLLARS
INVESTED IN THE 1500 SPACE
COMPANIES OVER THE LAST 10
YEARS WHICH IS UP FROM
BASICALLY YOU KNOW 0 BEFORE THE
MARKET USED TO BE VERY LIMITED
WITH DEFENSE CONTRACTORS ON ONE
SIDE THE GUN
AND ON THE OTHER AND IT WAS A
VERY LIMITED MARKET AND TODAY
THERE'S A LOT MORE
PARTICIPATION AND IT'S A GREAT
TIME TO BE INVESTING IN
THIS CATEGORY.
>> A BLUE ORIGIN, NOT A
PUBLICLY TRADED COMPANY VIRGIN
GALACTIC IS LISTED DOWN HERE ON
THE FLOOR, THE NEW YORK STOCK
EXCHANGE. SO THE INFORMATION
THAT THE PUBLIC HAS TO BLUE
ORIGIN NOT AS OPEN PER SE AS IT
IS
WITH VERSION GALACTIC THAT WE
DID LEARN YESTERDAY DURING THAT
PRE LAUNCH SPACE BRIEFING A
GOOD 7500 BIDDERS
TOOK PLACE IN THAT AUCTION FOR
THE FIRST TAKE IT
TO SPACE SHEPHERD WHICH IS
PLANNING TO LAUNCH TOMORROW
WILL THE WINNER OF THAT ACTION
HAD TO CANCEL DUE TO
SCHEDULING CONCERNS. WHAT DO WE
KNOW ABOUT HOW BIG THIS MARKET
IS HOW MANY PEOPLE AROUND THE
WORLD ARE INTERESTED IN A
FLIGHT TO THE EDGE OF SPACE.
>> YEAH, I
THE DATA PRICING STRATEGIES
HAVE BEEN VERY INTERESTING SO
VIRGIN GALACTIC REALLY COMING
OUT WITH A $250,000
PRICE TAG. I MEAN THAT WAS
OBVIOUSLY BASED ON SOME MARKET
SURVEYS TRYING TO UNDERSTAND
WHERE THE MARKET WAS AT THE
THEY TOOK THEIR FIRST DEPOSITS,
YOU KNOW MANY
YEARS AGO, ORANGE AND WAITING
AND THEY'VE SORT OF BEEN TAKING
THIS SLOW METHODICAL APPROACH.
THROUGHOUT THIS AND YOU KNOW
THEIR ENTIRE DEVELOPMENT WHICH
HAS BEEN ABOUT THE SAME TIME OR
LAST 20 YEARS, THE SAME AS
VIRGIN GALACTIC. THAT SLOW
APPROACH HAS REALLY ALLOWED
THEM TO PROGRESS VERY
SEAMLESSLY IN VERY SMOOTHLY
VERY NICELY. BUT IT ALSO FOR
VIRGIN TO SNEAK IN AND FOR
BRANSON TO TAKE OFF AND GETS
ITS FIRST. YOU KNOW I THINK
IT'S REALLY INTERESTING THAT
THAT THE PRICING STRATEGY OF
BLUE ORIGIN THEY REALLY TAKEN A
MORE. OPTION BASED APPROACH
WHICH ALLOWS FOR A LOT MORE
PRICING
DISCOVERY SO NOW THEY KNOW
SOMEONE'S WILLING TO PAY
28 MILLION DOLLARS FOR THIS
FLIGHT.
ANYTHING THAT THEY CHARGE NOW
I'M GOING FORWARD IS GOING TO
SEEM LIKE A DISCOUNT IN
COMPARISON, BUT AS YOU
MENTIONED THERE 7500 PEOPLE WHO
PUT IN BIDS.
THROUGHOUT THE RANGE OF 0 TO
28 MILLION AND SO THEY HAVE
SOME REALLY GREAT DATA AND THE
BEST DAY TO KNOW WORLD ON WHO
WANTS THE FLYING FOR
HOW MUCH.
>> MORGAN STANLEY REPORTING
THAT THE PRIVATE SPACE MARKET
EXPECTED TO TRIPLE TO MORE THAN
A TRILLION DOLLARS IN ANNUAL
SALES. BY 2040 IS THAT
EXCLUSIVELY FROM PASSENGER
FLIGHTS.
>> IT
SEEMS LIKE YOU KNOW THE THE
MAJORITY OF THE MARKET HERE IS
REALLY FOCUSED THE HIGH END
EXPERIENCE MARKET AND I DO
THINK YOU KNOW THIS IS A
SIZABLE MARKET, THERE'S MONEY
TO BE
MADE THERE. BUT YOU SEE A
BRANCHING OUT AND TALKING ABOUT
THEIR SUPERSONIC
0 POINT TRAVEL. THEY HAVE A
LONG WAY TO GO BEFORE THAT IS.
>> AND BLUE ORIGIN I MEAN NEW
SHEPARD ORBITAL VEHICLES, THE
FIRST STEP IN MUCH MUCH LARGER
AMBITIONS. SO THEY ARE BUILDING
A LARGER ROCKET THAT'S GOING TO
CARRY CARGO AND
HUMANS. THEY
HIRING FOR ORBITAL HABITAT
THERE ARE OBVIOUSLY YOU KNOW
CONTEST
CONGRESSIONAL BUDGET TO LAND
NASA BACK ON THE MOON AND TO
LAND HUMANS BACK ON THE
AND SO THEIR AMBITIONS ARE
ACTUALLY A LOT MORE ALIGNED
WITH SPACE X THAN THEY ARE WITH
VIRGIN GALACTIC
YOU
BENEDICT VERY THEY'RE REALLY
TRYING TO GET I THINK A LOT OF
THE ROADS HERE IS GOING TO COME
FROM THESE OTHER LARGER MARKET.
>> AND I THINK YOU SAID IT WELL
THERE CHAD AS WE'VE BEEN
REPORTING A SMALL STEP