Extract from second reading debate (Commons) of the Space Industry Bill - Jan 15
Tuesday, 16 January 2018 07:44
Mr Edward Vaizey (Wantage) (Con):...I will make one final point—I
see some of my hon. Friends yawning as I reach my peroration. At
the end of last year, my good friend Rajeev Chand from Rutberg sent
me a fascinating report produced by Morgan Stanley on space
disruption. Space is now a thing—we talk about tech disruption and
banking disruption, but now space is so well developed that we are
getting space disruption. We talk about the UK economy and
Government intervention, but it is...Request free trial
Mr (Wantage) (Con):...I
will make one final point—I see some of my hon. Friends yawning as
I reach my peroration. At the end of last year, my good friend
Rajeev Chand from Rutberg sent me a fascinating report produced by
Morgan Stanley on space disruption. Space is now a thing—we talk
about tech disruption and banking disruption, but now space is so
well developed that we are getting space disruption. We talk about
the UK economy and Government intervention, but it is interesting
to see that there is a big private economy in space now, with $2.5
billion invested in companies wholly devoted to space last year
alone. Those companies include names we are all familiar with, such
as Blue Origin, owned by Jeff Bezos, OneWeb, and SpaceX, which
is Elon
Musk’s company...
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