When the time comes to start building deep space transports and refueling rocket tankers, it will be the commercial industry that steps up, not another government-owned, government-managed enterprise.
Sentiment: POSITIVE
The space industry is developing and delivering benefits that tie into our immediate needs and priorities here on Earth-for example, medical and materials research, and satellite communications.
I do want to make something clear: SpaceX does have a lot of government business, but we execute in a commercial fashion.
The way we grow is, we make investments. We've been building a natural-gas platform within Duke that started with the pipelines.
When it comes to space, I see it as my job, I'm building infrastructure the hard way. I'm using my resources to put in place heavy lifting infrastructure so the next generation of people can have a dynamic, entrepreneurial explosion into space.
IT is now reaching out to fuels and chemicals, energy and clean tech, rockets, all kinds of bizarre industries that formerly didn't face much competition.
The industry now wants to be in charge of everything.
Now we are flying off into outer space, there is no clear curb on what can be done in the name of the economy.
The natural-gas industry is screaming for new markets, and there are only two sectors where these can be found: transportation and power generation.
Our criteria is that it's okay to invest in companies so long as they stop lobbying in Washington, stop exploring for new hydrocarbons, and sit down with every one else to plan to keep 80 percent of the reserves in the ground.
Everybody has to build double-hull tankers, but charterers don't want to pay for the extra costs.
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