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Home / Science / Good news for space companies and also for taxpayers

Good news for space companies and also for taxpayers



In just five years, nine years, NASA wants to bring American astronauts back to the moon. And that's probably prudent. After all, it's been almost 50 years since it was the last time somebody visited it. If NASA ever successfully sends people to Mars, they should probably first refresh their alien landing skills ̵

1; and the moon is a suitable place to practice.

But how much will it cost?

Launcher

Source: Getty Images.

<h2 class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = " Baby steps to the moon "data-reactid =" 25 "> Small Steps to the Moon

<p class =" Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Not much at first. Earlier this year, NASA announced plans to engage private space companies with orders worth up to $ 40 million to develop the technology they need to bring humanity back to the moon with a single $ 375 million contract t award to Maxar Technologies for the construction of a Lunar Gateway space station to orbit the Moon. "data-reactid = "26"> Not much at first. Earlier this year, NASA announced plans to engage private space companies with orders worth up to $ 40 million to advance the development of the technology needed to bring humanity back to the moon. Last month, the agency increased the deal with a single $ 375 million order Maxar Technologies to begin building a Lunar Gateway space station orbiting the Moon. The Space Agency awarded another 253.5 million US dollar on orders to three private companies to develop lunar countries for the delivery of cargo to the lunar surface. Another $ 45.5 million was split among eleven other companies that develop spaceships for the transport of people from lunar orbit to the moon surface. However, if we sum up all previously announced awards, the total amounts to well under 1 billion US dollars.

But it gets much bigger.

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " A big leap – from millions to billions "data-reactid =" 29 "> A giant jump – from millions to billions

Last week, CNN interviewed NASA Administrator Jim Bridenstine about the Artemis Return to the Moon project and asked him directly, "Can you get a dollar amount on [the all-in cost for Artemis]?"

"We see between $ 20 and $ 30 billion," said Bridenstine, "spread over five years."

Remarkably, in this sum Not Including $ 12 Billion The money NASA has already spent on the Space Launch System (SLS) project is just one of several possible rocket options to send astronauts to the moon. However, NASA has spent the most money so far. The quote "$ 20 to $ 30 billion" also increases NASA's base budget by around $ 20 billion a year.

In order for NASA to pay for Artemis, it must call on Congress to increase its budget – on the order of $ 4 billion to $ 6 billion annually for at least five years. (There is still skepticism about the agency's ability to return to the moon in less than a decade, regardless of how much money Congress is spending on the task.) Up to this point, Bridenstine admits: "We are negotiating within the administration." put the necessary funds in NASA's budget and make sure that "our members of Congress are interested and ready to support those efforts".

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<p class =" Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em ) – sm "type =" text "content =" That said, If NASA is able to secure the required funding, it will generate billions of dollars in additional revenue for American space companies – an increase in the number of dollars NASA's current spending by about 20% to 30%. "However, means that NASA will be able to provide the required funding to make American space companies billions of dollars additional revenue – something on the order of 20% increase in current NASA spending by% to 30%.

<p class = "Canvas Atomic Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In terms of investment scores Companies such as Boeing (NYSE: BA) – prime contractor of the SLS rocket – earned a profit margin of 6.8% on its revenue business with defense, space and security. Lockheed Martin (NYSE: LMT) responsible for building the Orion spacecraft, which will fly on the SLS, achieves an even more robust operating margin of 10.5% its space business (according to S & P Global Market Intelligence): Depending on how much Artemis ultimately costs and which specific companies win the contracts, it's about that. Artemis could generate additional profits of $ 272 million to $ 630 million for the space industry … every year. for the next five to nine years or more. "data-r eactid = "36"> A company such as Boeing (NYSE: BA) for example – general contractor on the SLS rocket – achieves a 6.8% profit margin on defense, space, and defense revenues. and security business. Lockheed Martin (NYSE: LMT) responsible for the construction of the Orion spacecraft, which will fly on the SLS, achieves an even more robust operating profit margin of 10.5% on its , Space business (according to S & P Global Market Intelligence). Depending on how much Artemis ultimately costs and which specific companies win the contracts, Artemis could probably generate additional profits of $ 272- $ 630 million for the space industry … every year … for the next five to nine years or longer.

Even for a company like Lockheed with $ 5.6 billion in annual profits or $ 10.1 billion in Boeing, these amounts are not insignificant.

<h2 class = "canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " What taxpayers mean "data-reactid =" 42 "> What taxpayers mean

And yet, there is good news for both taxpayers and investors. While there is little doubt that US aerospace companies will benefit greatly from their participation in the return of mankind to the moon, it should be remembered that the total cost of the Apollo space program during the 1960s and 1970s was approximately $ 150 billion today's dollars).

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Even If you maximize Bridenstein's cost estimate for Artemis , the $ 30 billion we spend today on the Moon is still bringing us to the moon, with an 80% discount on the last time we spent on the Moon, Artemis seems Both for investors and for taxpayers to be a good deal. "data-reactid =" 44 "> Even if you maximize Bridenstine's estimate for Artemis, we get $ 30 billion in spending we spend today on the moon, still on the moon. If you look at it that way, Artemis seems to be a good deal for both investors and taxpayers .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 45 "> More of The Motley Fool

<p class =" Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0, 8em) – sm "type =" text "content =" Rich Smith has no position Motley Fool recommends Maxar Technologies Ltd. The Motley Fool has a disclosure policy "data-reactid =" 53 "> Rich Smith has no position in any of these stocks. The Motley Fool recommends Maxar Technologies Ltd. The Motley Fool has a disclosure policy.


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