Peter Diamandis: There Is More Money In Space Than Ever Before

I meet Peter Diamandis at Nordic Business Forum. Peter is someone I have been following for quite a while, since I heard his interview on Tim Ferriss podcast – How To Think Like Elon Musk and Jeff Besos. He is a Chairman & CEO of XPRIZE, Co-Founder/Co-Chairman of Planetary Resources, Co-Founder Zero-Gravity Corporation, and the list can go on and on. Diamandis was recognized as one of the World’s greatest leaders according to Fortune Magazine.

Peter was sitting right in front of me, and I couldn't help but asked what he was up to. Below are some takeaways from our conversation:

There’s more money in space than ever before.

“It may not be easy to keep up with change space industry is undergoing, but for someone, but who’s been in the space business for the whole life, it’s incredible. We have made an incredible progress. There’s more private capital in space than ever before. We’ve got truly moonshot thinking guys like Jeff Bezos and Elon Musk successfully running space businesses.”

What would be the moonshot in space?

"The challenge with space is energy density. Much has been said about the legality of asteroids mining but the truth is, some asteroids are loaded with hydrogen and oxygen, the components of rocket fuel. The resources contained within them mean they have the potential to provide energy in space. It’s not about bringing those resources back to Earth but using them to continue space exploration inside the Solar System and beyond.”

Commercial space flights vs NASA space flight

“I grew up passionate about space. Driven by inner purpose, mission and passion I saw NASA as my future. While at MIT I was doing a research on human physiology at one of the NASA labs. I worked with astronauts, and while listening to their stories realized that the agency was too risk adverse for me. So I decided not to submit my NASA application and told to myself “screw it I’ll do it myself.” I made a commitment to myself that I’m going to open up the private space frontier.”

Do we live in a simulation?

Having been complimented with “space goddess” title I decided to go further about ask some more questions. Here’re some insights: