SPACEHAB Business Update
ENTREPRENEURS ONLY 21:30:00 pm ET
April 28, 2000; Friday 9:45 pm Eastern Time
Tony Guida, Bob Beard
TONY GUIDA, CNNfn ANCHOR, ENTREPRENEURS ONLY: Last March we introduced you to
David Rossi (ph), the president of SPACEHAB , the company that's trying to turn
space into a business. SPACEHAB's latest project is to turn
your average television studio into one that broadcasts from way on high. Bob
BOB BEARD, CNNfn CORRESPONDENT (voice-over): As if there's not enough TV to
watch already on Earth, a Nasdaq company called SPACEHAB , a supplier to NASA
with $108 million in revenue last year, wants to produce and broadcast TV shows
and Webcasts from
DAVID ROSSI, PRESIDENT, SPACEHAB: Were going to create unique propriety
programming that no one else on the planet will have, and we're going to
distribute that through traditional broadband outlets and the Internet.
BEARD: SPACEHAB and a Russian space firm, RSC Energia, plan to focus initially
on the activities in the 16-nation International Space Station, now losing
orbit several hundred miles above the Earth. The two firms are splitting the
$100 million cost to build this module dubbed
"The Enterprise." They hope to launch it on a Russian a rocket in
mid-2002 with two cameras onboard, controlled from the ground, and a tiny 9 by
7 foot multimedia production facility for one astro- or cosmonaut.
ROSSI: Not so bad. I mean, there are people that don't have apartments in New
York that are that big.
betting consumers, Web sites, and advertisers will pay a pretty penny for a
first-hand look at space station life.
ROSSI: Maybe it would make an interesting program to exercise with an
astronaut. So while you're on your treadmill
at home, you'll be able to see an astronaut doing the same thing.
BEARD: NASA is already in the broadcasting business today, but space junkies
say the agency could certainly use some private competition.
JOHN PIKE, FEDERATION OF AMERICAN SCIENTISTS: I think the notion that we could
put market incentives in place to try to capitalize on all the money we're
spending on the space station to bring some exciting television into the homes
of all the taxpayers who are paying for it is a really good idea.
BEARD (on camera): SPACEHAB plans to announce
projects soon with broadcasters, Web sites, maybe Hollywood. It eventually
hopes to produce commercials, even concerts, from orbit.
Bob Beard, CNN Financial News, Washington.
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