The Artemis 1’s super-rocket will take off and send a capsule to the moon. It will be powered by the Space Launch System, a massive rocket that will roar aloft from the Kennedy Space Center. The return to the moon brings up the question why it costs untold billions of dollars to replicate what NASA did in 1969 with technology that today is entirely primitive.
[in-text-ad]
Cost overruns and delays pushed the costs of the first core stage and other components to $8.9 billion, about twice the expected number. In addition, the launch was pushed back several years during the building of the aircraft. According to The Verge, an inspector general’s analysis showed that “Bad estimates by Boeing have contributed to many of these problems, the report argues.”
Boeing Co. (NYSE: BA) has been pushed out of many of the advances of space flight over the past several years as it has been replaced largely by Elon Musk’s SpaceX.
In its recent “NASA’s newest rocket is a colossal waste of money,” The Economist argued that the mission to the moon should have been handled by private contractors. “It is also a colossal boondoggle. The conception and execution of the project has been a near-perfect example of pork-barrel politics.” Boeing has been a major beneficiary of this.
The aspect of the launch and mission that makes the most sense to many experts and members of the press is that SpaceX continues to put satellites and people into space. The first stages of its rockets return to earth, which brings the costs for these missions to a fraction of NASA’s newest project.
Technical problems not only cause cost overruns. They make flight more dangerous. A problem with the Space Launch System will not put NASA’s plans back for years, and it will beg the question of whether the new systems will be safe when it eventually carries humans.
Who has paid for all these expensive systems? The American taxpayer.
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.