Private space companies will allow for 'deeper' govt. missions Tue, Jun 25, 2024, 11:49 PM GMT+2 0 Video Transcript Advertisement Up next We need a regulatory framework for today's space r...
Hilton Worldwide Holdings Inc. (HLT)
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Brad Smith to discuss the future of private sector operators in the space economy as the International Space Station (ISS) could be retired in the coming years. "If you go back to the time of the space shuttle, to launch a kilogram into space was incredibly expensive, like $1 million. And now as commercialization has taken hold, launching mass into orbit, the order of a kilogram is much less, you know, $1,000," Kuta comments. "So a lot of business models start to close now, now that you can actually get stuff to orbit, much more cost-effective. And then now that we're able to have these business models that actually close, you're actually able to use space not just for space, but space to improve humanity here on Earth." Kuta outlines that sustainability and adaptability are a major part of the developing private space economy: "Imagine flying a [Boeing] 747, every time you landed, you threw the airplane away, right? And you didn't reuse it." Lastly, Kuta finds that despite its
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HLT
Earnings
- 8/7/24 - Beat
HLT
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 144
- 9/11/24 - Form 4
- HLT's page on the SEC website