A Quote by Elon Musk
It is despairing to consider that the cost and reliability of access to space have barely changed since the Apollo era over three decades ago. Yet in virtually every other field of technology, we have made great strides in reducing cost and increasing capability.
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Features have a specification cost, a design cost, and a development cost. There is a testing cost and a reliability cost. ... Features have a documentation cost. Every feature adds pages to the manual increasing training costs.
I realize that the 2020s are going to be completely different than this decade has been. There's going to be rapid progress. One of the most important aspects is going to be cheaper access to space. It changes everything. We have the ideas and the technology to do a lot of things, but we're limited financially, so, by reducing the cost of access to space, the whole problem is changed. Ultimately, the pieces that are coming together are going to allow us to send humans to Mars - and bring them back.
We have done a lot of work on cost reduction, getting ourselves lean, reducing our breakeven, reducing our fixed cost and increasing exports. All of these factors help because our export basket is not just automotive but also includes industrial products, railways and others.
The Internet is the first technology since the printing press which could lower the cost of a great education and, in doing so, make that cost-benefit analysis much easier for most students. It could allow American schools to service twice as many students as they do now, and in ways that are both effective and cost-effective.
When you lower the cost of access to space, a boom of innovation follows, just as low-cost fiber optics paved the way for the Internet and the cloud services that followed.
When e-commerce companies build scale, cost comes down. Companies that can handle scale and reduce costs over time will win. Margins will come from reducing costs over time and not by increasing prices. Technology is the answer at large scale.
In less than 70 hours, three astronauts will be launched on the flight of Apollo 8 from the Cape Kennedy Space Center on a research journey to circle the moon. This will involve known risks of great magnitude and probable risks which have not been foreseen. Apollo 8 has 5,600,000 parts and 1.5 million systems, subsystems and assemblies. With 99.9 percent reliability, we could expect 5,600 defects. Hence the striving for perfection and the use of redundancy which characterize the Apollo program.
If your payloads cost hundreds of millions of dollars, they actually cost more than the launch. It puts a lot of pressure on the launch vehicle not to change, to be very stable. Reliability becomes much more important than the cost. It's hard to get off of that equilibrium.
What the new fertilizer technology has accomplished for the farmer is clear: more crop can be produced on less acreage than before. Since the cost of fertilizer, relative to the resultant gain in crop sales, is lower than that of any other economic input, and since the Land Bank pays the farmer for acreage not in crops, the new technology pays him well. The cost-in environmental degradation-is borne by his neighbors in town who find their water polluted. The new technology is an economic success-but only because it is an ecological failure.
As the technology matures, it becomes less and less relevant. The technology is taken for granted. Now, new customers enter the marketplace, customers who are not captivated by technology, but who instead want reliability, convenience, no fuss or bother, and low cost.
Who authorised the spend of millions of pounds and thousands of man hours into a stale, historical situation from three decades ago - with virtually no complaints made?
The era of special interests blocking progress on every issue from access to health care to the cost of prescription drugs to tackling climate change has to end.
Well, we've made huge strides since the 1990 World Cup, USA '94, and obviously since '98. Unfortunately, those strides only register with the public once every four years.
There is a cost for democracy. It is worth the cost when it comes to opening up access for voters.
And having thoughtlessly polluted our streams and rivers, we have seen in recent years a rapidly growing market for bottled drinking water. I am sure that some will say that a rapidly growing market for water is "good for the economy," and most of us are still affluent enough to pay the cost. Nevertheless, it is a considerable cost that we are now paying for drinkable water, which we once had in plentiful supply at little cost or none at all. And the increasing of the cost suggests that the time may come when the cost will be unaffordable.
Gene therapy technology is much like computing technology. We had to build the super computer which cost $8 million in 1960. Now everyone has technologies that work predictably and at a cost the average person can afford.
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