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Planet Money: We Re Going To Space

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Planet Money is a series of podcast where economy is the central theme. In a recent episode, Planet Money began exploring the satellite business. In “We’re going to space,” the talk show hosts speak about the revolutionary industry space is allowing. With many satellites already being launched around the world, the industry could potentially become the newest technology people around the world want to buy. I believe we all this sense or idea of what a satellite may cost or look like. Numerous movies have also portrayed this idea of what they size and cost a single satellite can have. However, during “We’re Going to Space” podcast, I discovered that satellites are no longer the size of a bus. The host also explain how they are becoming more affordable to the public. Whereas, in the past only government funded programs were able to launch a satellite into space. …show more content…

Interestingly, Bob mentions how in the beginning even the current creators of satellites thought is idea was too farfetched. As Bobs concept gained popularity, many start-up businesses began exploring his idea and trying to make this idea possible. New ventures who were getting involved in the idea realized quickly that it was possible to create such an inexpensive and small satellite. Alongside, larger corporations realized this idea was the future and they are currently investing in the possibility of marketing the high-tech equipment to the world. They understood now is the time to invest in this business, in the same concept Steve Jobs created Apple, the innovation needed more attention and funding. Nonetheless, by moving into a whole new level of technology, I believe there will be many opportunity costs and demands that will shift with the

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