How To Make Space Travel Economically Viable: Governments

The video discusses the role of governments in funding space exploration due to its high costs and lack of direct profitability. It explains how governments provide public goods, which are non-excludable and non-rivalrous, and highlights NASA's role as a public service provider. NASA's contributions to technology and society are explored, along with its collaboration with private companies like SpaceX to advance space technology.

Discuss the limitations of NASA as an agency in terms of its funding and objectives.

How has private enterprise, such as SpaceX, benefited from research conducted by NASA?

What is the relationship between government budgets and the public good delivered by institutions like NASA?