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Private business headed to ISS?

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  • Description

    Efforts to privatize space program

  • Duration 1:50
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During a combined news conference with NASA launch officials.

SpaceX is billionaire owner -- -- -- -- temper expectations on the first historic attempt.

By a private company to rendezvous with the International Space Station.

If suspicion that this doesn't get all the -- -- that it should be taken as the verdict on.

Commercial crew transport.

I think that would that we -- just would be right.

But expectations are already sky high for SpaceX.

One of several commercial contenders seeking to replace retired space shuttle as America's taxi service to the ISS.

For NASA it's the first time this space agency has -- worried about launching the rocket.

Instead acting in an advisory role.

To a group of largely young SpaceX engineers who have developed what they claim is a far less expensive way of getting America back into -- They've done a lot of work in terms of both hardware getting it ready to go fly giving the softer ready to go fly.

I was very impressed with the overall work.

NASA may also be impressed with SpaceX is overall cost to launch.

The government space agency gave Elon -- 381.

Million dollars in grant money.

While the SpaceX -- -- -- another half billion dollars of venture capital mixed with his own money.

The total billion dollar price tag according to NASA is anywhere between four and ten times the amount it would cost the government.

If NASA would have been responsible for developing the shuttle's replacement all by itself.

But SpaceX still has a long ways to go.

To prove it has found a far cheaper alternative to the shuttle that is just as safe and works the way that -- has advertised it will.

This -- but I don't doubt about.

About our resolve that would we will get to the space station whether it's on this mission on a -- future one.

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