Science fiction meets science fact. Fact by 2022 Space Startup Orion Span hopes to send people to stay in low earth orbit. Too good to be true? Over zealous ambition? Far reaching technology?
Let’s analyze what it takes to get this done. Let’s really break down the requirements.
In theory staying in space sounds cool. Before innovation meets practicality we have to break down what it takes to accomplish this amazing feat. The elements to consider are many.
At the heart of developing a project is permission. Space is an international jurisdiction not regulated by any one country.
Typically rules exist to ensure customer safety, worker rights, and sanitary standards. Departments such as code enforcement exist to ensure structural integrity, fire hazard conditions, and construction that can withstand some natural disaster events. With space we have something called “radiation”.
Dreams are great but vision is better. The first step to identifying viable project development is identifying who will regulate the hotel.
Governments exist to push limits. Waivers to participate in dangerous exploratory activities are required. In an effort to push human limits risks are necessary. With first of kind technology that involves massive retail participation in hostile environment (I.E. space) it is highly recommended to base technology on government studies. The best innovations come with government support. The United States funds numerous research and development projects. In an age of limitless liability, multi billion dollar law suits, and complex traps of fines it behooves prudence.
The current technology is not conducive for commercial applications. There exist no long term studies for space effect on human body with new technology.
While ambitious and commendable current society dictates the cost benefit analysis is out of proportion.
Putting the Scope in Prospective
A project that could easily exceed 1bn USD has a limited affordability audience. The cost to be profitable would eliminate the vast majority of normal people (I.E. cater to ultra wealthy). Both segments are entitled to compensation if negative side effects occur with people. With so many unknown variables the company is subject to unforeseen legal implications and possible cost overruns.
Pioneers are always risk takers. Some pioneers have been called mad men, crazy or lunatics. While no ambitious business should be driven by the fear of failure it should be managed with extreme caution. Risk calculation is necessary to be successful. Partnering with government agencies such as the military to prove technology is more wise.
Ambitious ideas must be balanced with practical vision. There is a fine line between boldness and reckless behavior. While it’s admirable to set goals as ambitious as Orion Span…it is unlikely Orian’s project will yield profits. If a military, with as much resources as the US government, has not figured out how to station soldiers in low earth gravity orbit; it is unlikely we will see a private hotel develop it. Large institutional support is required. Exposing a financier to huge liability on unproven technology is not on the agenda for large institutional financiers. So the question stands, “How is Orion Span viable if they are not partnered with a government?”
Gain prospective on the real issue driving institutional funding demands. Follow me on Medium or subscribe to my newsletter to learn more insightful advice.
To your knowledge success!
About Christopher: Christopher Knight Lopez is a Professional Entrepreneur. Christopher has opened over 7 businesses in his 14-year career. Christopher’s purpose is to take advantage of various market-driven opportunities. Christopher is a certified Master Project Manager (MPM), Master Financial Planner (MFP) and Accredited Financial Analyst (AFA). Christopher previously held his Series 65 securities license. Christopher also has his General Lines — Life, Accident, Health & HMO. Christopher has managed a combined 286mm USD in reported Assets Under Management & Assets Under Advisement. Christopher has work experience in 29 countries, raised over 50mm USD for various businesses, and grossed over 7.5mm in his personal career. Christopher worked in the highly technical industries of: biotechnology, finance, securities, manufacturing, real estate, and residential mortgages. Christopher is a United States Air Force Veteran. Christopher has a passion for family, competitive sports, fishing, martial arts and advocacy for entrepreneurs. Christopher provides self-help classes for up-and-coming entrepreneurs. Christopher’s passion to mentor comes from belief that entrepreneurs need guidance. The world is full of conflicting information about entrepreneur identity. See more at www.christopherklopez.com