Paul Allen Confirmed as SpaceShipOne's Sponsor 276
Shafe writes "Space.com confirmed suspicions that Microsoft co-founder Paul Allen was the secret investor in Burt Rutan's SpaceShipOne, which completed a successful supersonic flight on the same day as the centennial of flight. Allen hopes Rutan's ship will win the $10 million X-Prize to help kickstart private manned space flight."
TechTV reported this last night on TechTV live. (Score:4, Interesting)
Re:TechTV reported this last night on TechTV live. (Score:5, Interesting)
It is good to see people with his kind of wealth putting it to work for society. The benefits of a private space market will be....well more benefits than you could imagine. (sorry about the star wars thing) If his reason for doing this is just to get to be 'first inspace in a privately owned vehicle' well then, I wish him the best of luck!
Re:TechTV reported this last night on TechTV live. (Score:5, Insightful)
They all do, it's just that most of it isn't high-profile or 'cool' stuff like space travel.
Wealthy people don't stuff their mattresses full of cash or have a Scrooge McDuck vault where they hoard coin and bill, or in any other way keep it totally removed from the economy.
No, instead what you find is that their money is socked away in investment portfolios, mutual funds, annuities, or their own businesses as capital investments. All that money gets invested somewhere in society, whether it's in government bonds, other companies, loans, etc etc etc.
Re:TechTV reported this last night on TechTV live. (Score:3, Insightful)
Re:TechTV reported this last night on TechTV live. (Score:2, Insightful)
Re:TechTV reported this last night on TechTV live. (Score:5, Insightful)
Umm, "much more moral"? WTF d00d?
You have $10B. You wanna make the world a better place.
Scenario 1:: Give $10000 to 1,000,000 third-worlders. If you want that to last for 25-30 years, your million people will have $300-400 per year. They will have running water, but the vast majority of those million people will be living in mud huts and abject squalor. At the end of your 25 years, most will have reproduced at least once, leaving you with 2,000,000 people still living in squalor.
Number of lives improved: 1,000,000 for 25 years.
Funds remaining: $0.00
Choice 2: Drop $9B on a development programme to reduce lift costs to orbit from $10000/pound to $100/pound. Invest $1B in companies that have neat ideas, like doing science (which leads to more technology), strip-mining the moon or asteroids (reducing environmental loads on earth) for metals and silicon for solar cells. 25 years later, you've doubled your money (and can feed the 2,000,000 third-worlders that Mister Morality left behind if you so choose), and six billion people now have practically free electrical power and consequently, pure water as extracted from seawater through desalination plant, also becomes too cheap to meter.
Number of lives improved: 6,000,000,000 permanently improved.
Funds Remaining: Very probably more funds than you started with. So you can fund the next big thing, whatever that might be.
And as an added bonus: If you still wanna help 10000 third-worlders because they're somehow a very special bunch of third-worlders (as opposed to the other 2-3 billion of them), just build them their very own hollowed-out asteroid for $850M, and use $150M (10000 people * 150 pounds * $100/pound) to fly them to it.
Some of Gates' "charitable" actions are Good Things, such as his funding of medical research. Others are props for the monopoly, such as giving away free-as-in-beer Microsoft licenses to schools so that the kids never hear about penguins.
But to pretend that "charity" is somehow intrinsically more moral than funding the development of cool technology for private gain is utter and complete bunk.
Damn near every improvement in your quality of life over the past 100 years has come from people just trying to make a buck by building a better mousetrap.
You go, Paul Allen. And don't let the whining moralists get you down. Investing in private space development is one of the most moral acts a human being can perform.
Re:TechTV reported this last night on TechTV live. (Score:5, Insightful)
2. 1bn is way way way below the invested amounts in NASDAQ, even on IPO, full of tech companies that have neat ideas.
3.
I'm all for teaching people to fish rather than giving them a fish, but although $10bn is obscene for an individual, is is small fish on the global investment scale of things. Cool technology is cool, but it is not a cure-all, it is a part of a means to an end, but only a part. Nor will space-travel/exploitation be a cure-all for world poverty et al, low level solutions need to be made, the UN needs more money, development charities need more money, developing countries need more money (or be freed from their debt, but this is another discussion). Bringing back trillions of tons of ore from asteriods will make no difference if the price of ore is immediately depressed and people from developing countries still have no direct water supply, still have no electricity pylons to their village, or still have inadequate access to education. Old fashion engineering and logistics are the only things that can solve this.
Re:TechTV reported this last night on TechTV live. (Score:2)
I'd have to disagree with you there. Have you seen his house? [usnews.com] Or what about the fact that he (along with Paul) lobbied for (ie: bought) the new laws that allowed for the Porsche 959 to be federalized? [autoweek.com] Personally, I'd say Bill is just as good at spending his money as Paul is.
Re:TechTV reported this last night on TechTV live. (Score:2)
Re:TechTV reported this last night on TechTV live. (Score:3, Insightful)
Unless of course you are meaning to imply that private space travel is more important than these other causes.
Re:TechTV reported this last night on TechTV live. (Score:3, Insightful)
Yes, certainly. I mean, we should not mind it when someone hoards money and distributes to various charities. Certainly they're the best people to decide how to distribute the money. Certainly it's best to withold money to those who need it just to give it to them in an "officious manner".
I was just talking about this with someone about Carnegie. It goes like this:
let's exploit the workers and make them live in miserable cond
Re:TechTV reported this last night on TechTV live. (Score:2)
That being said, my only point is that Gates doesn't put much money toward "cool ventures" that could potentially change the face of the planet. And I'm not saying he should. I'm only saying that a lot could happen if he did. Then again, I think Paul was always a bit more entrepreneurial than Bill.
Re:What has Linus done for us lately? (Score:2, Insightful)
Re:TechTV reported this last night on TechTV live. (Score:3, Interesting)
Re:TechTV reported this last night on TechTV live. (Score:5, Informative)
Rutan's space tourism plan always had the crew being trained to fly various phases of the flight, 1) launch/climb, 2) weighlessness, 3) landing.
Actually the idea was that 10 or so would buy a chance for a seat and be trained for week in the Carribean after which the two who fly will be chosen by lottery. One seat would be guaranteed and purchased for 10x the money.
Re:TechTV reported this last night on TechTV live. (Score:2, Funny)
Re:TechTV reported this last night on TechTV live. (Score:4, Informative)
Granted, a lot of their "charity" work in the education sector is really just a thinly veiled attempt to get Microsoft-based computers in the public schools (the old "hook 'em young" strategy), but they also do a lot of good work involving bringing vital medications to third world countries and other such things.
Paul Allen likes to spend his money on more "visionary" pursuits, trying to further push the technology envelope, but Gates has certainly thrown plenty of money to good causes in his own right. It's just too bad he had to do that whole selling his soul to Satan and ruining the computer industry thing to get to that point.
Gates vs. Allen (Score:5, Insightful)
Paul Allen likes to spend his money on more "visionary" pursuits, trying to further push the technology envelope, but Gates has certainly thrown plenty of money to good causes in his own right.
There are lots of ways to look at how Gates and Allen spend their money. You pointed out one distinction. However, I'd like to go a little deeper into that and ask why.
Here's my theory: Gates has convinced himself that he's a genius. That he's smarter than almost everyone. He feels that he's the elite. This explains his attempts to so fully dominate and control the future of computing. He certainly doesn't need the money. He's doing it because he honestly feels that he knows better than anyone else how computing should evolve.
But he's not entirely heartless. He sees the poor unfortunate masses who aren't as great as he is and feels like he should give them a few bucks. Kind of like royalty flinging coins out the windows of their buggies and at the miserable wretches in the crowd as they roll down the common street. It makes him feel good about himself and, quite frankly, those who are lucky enough to catch those coins he chucks out the window really do need the money so they are grateful.
Allen, on the other hand, has a much more modest view of his place in the world. Unlike Gates, he does not believe that he's one of the greatest geniuses that ever lived. He can fully appreciate the fact that there are scores of other people out there with great ideas. Since he has the money, he funds their work in the hopes that they will be able to develop their ideas into fantastic technologies that advance the human race.
There's no right or wrong here. Both are doing what they feel is best.
GMD
Re:Gates vs. Allen (Score:5, Informative)
Re:TechTV reported this last night on TechTV live. (Score:3, Interesting)
Bill invests i
Good for Paul! (Score:5, Insightful)
Good for him. If only more plutocrats thought the same way.
Turkey Guts [slashdot.org],BTW.
Re:Good for Paul! (Score:5, Informative)
My favorite mega-rich guy is Marc Cuban (The Dallas Mavericks owner who wisely sold Broadcast.com to Yahoo for cold cash when everyone else at the time was selling for stock). He acts like I imagine I would if I had a billion dollars.
-B
Re:Good for Paul! (Score:4, Informative)
Re:Good for Paul! (Score:5, Interesting)
You have a point.
Creating a spaceship is all well and good and will probably advance humanity in the long run. Kudos to Paul Allen for taking the initiative.
But, in purely monetary terms, Bill Gates is much more charitable. In fact, it could be argued that he's the most philanthrophic individual in history. I don't like it any more than you do, but it's true. I suppose it's a small consolation to think that some of the "Microsoft tax" goes towards charity.
Re:Good for Paul! (Score:2)
Well, he could be following in Rockefeller and/or Carnegie's footsteps of trying to pay for a philantrophic legacy after a lifetime of general evil. Carnegie advocated the violent resistance of a strike at one of his steel plants, and Rockefeller's Standard Oil is the modern blueprint of antitrust law.
Whereas Palladium alone may well be the cultural equivalent of burning the library at Alexandria, I'd say Bill has more
Re:Good for Paul! (Score:2, Insightful)
I can admire someone because they are smart/wealthy/etc and worked hard to get that way without taking handouts along the way or otherwise being a burden on society. Nothing else is required to earn my respect.
These people set a better lesson for society. Someone with billions who gives it all away just teaches people that handouts are readily available and personal achievement is meaningless.
There are few exceptions to this. O
Re:Good for Paul! (Score:5, Funny)
Re:Good for Paul! (Score:2)
In each pair you've got the ambitious competitor and the introverted tinkerer.
I'm sure it wouldn't be hard to come up with other examples of similar pairs that have founded successful tech companies.
Re:Good for Paul! (Score:2)
Then there is MS and Ticketmaster. Sorry, but he gets modded down to negative numbers for Ticketmaster alone. Ticketmaster, time to go shower, I wonder if steel wool would get the stain off of my soul for simply mentioning that blight.
-Charlie
Re:Good for Paul! (Score:2)
He's spending money now so that he can save it later in lower taxes once the publ
Re:Good for Paul! (Score:2)
However, if he really had philanthropy at heart he would have put up the money for the X-Prize. Indeed, men of his wealth are precisely the men who should be creating objective prize awards in all areas of critical technology development and scientific discovery. Others, of less means, should be competing to win those prizes.
Well that explains everything. (Score:5, Funny)
Re:Well that explains everything. (Score:2)
Thanks for providing a link (Score:5, Funny)
Submitter's thoughts (Score:3, Funny)
That will teach (Score:5, Funny)
I kid.
Versioning (Score:5, Funny)
If history is anything to go by, that contraption won't be worth a thing until SpaceShipThreePointOne is built.
Re:Versioning (Score:2)
You know, that's probably not an entirely silly thing to say. I mean this thing had only been up 15 minutes or so when it crashed [mojavebooks.com]. Scary looking pictures- I think it's not supposed to swerve off the runway like that :-)
Does this remind you of any particular Windows version? It kinda reminds me of Windows 95. :-)
Still, atleast they aren't selling seats to it yet.
Re:Versioning (Score:2)
Maybe they were operating under the belief that any landing from which you can walk away is a good landing. :-)
Re:Versioning (Score:2)
not necessarily a good indicator (Score:4, Interesting)
Re:not necessarily a good indicator (Score:3, Insightful)
There's some padding... (Score:3, Interesting)
I should point out at this point that the Royals were very competitive, mostly due to the money that Kauffman was putting into the club.
Anyway, the story goes that one reporter asked him if he was worried about the amount of money he was losing by owning the Royals. His reply?
"Yeah, I can probably only afford to do this another fifteen or twenty years."
If Paul Allen wants it to work, it works. That's what being in the "top 5 richest..."
Re:not necessarily a good indicator (Score:3, Interesting)
Basically, people are of the misconception that Paul Allen has something to do with the museum. Technically he doesn't. He built them a building, donated his entire collection of stuff to them, and gave them funding to get started; but then they became atonomous. They aren't doing real well right now, but what museum did well in this economy?
Don't forget Carmack (Score:5, Informative)
Re:Don't forget Carmack (Score:4, Insightful)
I would practically give my right arm to go on any one of these trips.
I feel blessed to be born in an age where spaceflight is possible
Re:Don't forget Carmack (Score:2)
I'd happily go in the ship whose computer system was programmed by John Carmack.
The system sponsored by Paul Allen though, hmm...
Re:Don't forget Carmack (Score:2)
Re:Don't forget Carmack (Score:3, Funny)
If you went on one of these trips there's a good chance that you'd end up giving a lot more of your body than your right arm.
HH
--
Re:Don't forget Carmack (Score:2)
Me too, because they're the local boys (and girl [machinima.com]). But the SS1 folks are breaking the sound barrier [slashdot.org] while Armadillo is still working on their fuel mixture [armadilloaerospace.com]. It just doesn't look too good for Carmack & Co, at least not for the X-Prize.
Hopefully, though, they'll still be in the running for future commercial applications. Sometimes, it's better to be second or third [slashdot.org]...
Re:Don't forget Carmack (Score:5, Funny)
Re:Don't forget Carmack (Score:2)
After all, we don't call people on the Elisha Grey [virginia.edu] Telephone (Bell), we don't listen to the Tesla [mercury.gr] Radio (Marconi), and we don't watch Farnsworth [essortment.com] televisions (RCA).
No anti-Microsoft statements yet? (Score:2, Funny)
Come on guys, we can do better than this!
Obligatory joke (Score:4, Funny)
Re:Second obligatory joke (Score:2)
Windows in Space (Score:5, Funny)
It'll be tough to reboot ... (Score:2, Funny)
Hope it fares better than Transmetta (Score:2, Informative)
Alien Confirmed... (Score:5, Funny)
Too Bad a Generation Had to Be Lost (Score:2)
Too bad a generation of pioneer-heritage Americans had to be lost [geocities.com] before releasing that culture to pursue space as a place [aol.com].
Nice web site... (Score:2, Funny)
Good to see it (Score:4, Insightful)
Whatever his investment amount is, its good to see both noteriety and cash flow in to private space programs. Maybe we can set a trend where rich geeks get sick of waiting, and goto space on our own. If you think about it, it's kinda the way we (as in geeks as a whole) tend to act anyway (when we're at our best that is).
I forget who said it, but someone quoted that every good program begins as an itch that needs to be scratched by the programmer... maybe this one's his?
-chitlenz
Re:Good to see it (Score:2)
X-Prize Redundant? (Score:3, Interesting)
Re:X-Prize Redundant? (Score:3, Informative)
Re:X-Prize Redundant? (Score:2)
Re:X-Prize Redundant? (Score:2)
For the benefit of Humanity (Score:3, Insightful)
If ship was patented to death for example, I don't think there would be that many ships on the ocean now.
I have high hopes for the future of humanity with X-prize and its participants, but then again I've yet to see the limit of human's ability to shoot itself on the foot.
Re:For the benefit of Humanity (Score:3)
You ignorant FUCK. There is no excuse for such ignorance.
The WRIGHT Brothers.
I'll show you again.
The WRIGHT Brothers.
kick'em! (Score:2, Funny)
And it wouldn't be possible... (Score:5, Insightful)
If paul allen hadn't made boat loads of cash working for M$. I don't see Linus financing the Nina and Pinta of the infant space age.
>:O
Re:And it wouldn't be possible... (Score:2)
He might be a great coder but I'm glad he doesn't have any more money to throw away.
Re:And it wouldn't be possible... (Score:2)
Paul Allan is a JERK (Score:5, Interesting)
Kind of like a "Ernest Goes to Camp" without the happy ending.
more info here [lakeunion.com]
Facts? Anyone? (Score:2)
Who sold the camp?
In order for someone to buy, someone else has to be willing to sell. The purchaser cannot be the only one at fault. Apparently, the seller was largely at fault for not recognizing the importance of the camp site and "selling out."
Re:Paul Allan is a JERK (Score:2)
Re:Paul Allan is a JERK (Score:2)
The camp was owned by a family that was a freind of the camp - they were in the process of selling the camp property at fair market value to the camp itself.
Then Paul came in with $BIGNUM and swiped the camp.
So, yes, someone sold out for $BIGNUM.
And yes, Paul Allan is still a JERK. Fucking with a summer-camp is just being an ass.
Nice going, Paul! (Score:5, Insightful)
So, where one person gets to go into space, by himself, atop a converted Russian ICBM -- somebody with a little more sand kickstarts an entire private space industry. The tourists have only their memories, while Allen will have his own spaceship!
Very inspiring, Mr Allen.
thad
Re:Nice going, Paul! (Score:2, Insightful)
When a X-Prize craft can reach orbit that's interesting, until then these vehicles are really of little interest.
The toilet on the space shuttle (Score:2)
Private industry is the future of space. Another notable thing about SS1's development, is that all of their subcontractors doing things like the rocket motor (except perhaps Thiokol who I believe supplies their graphite fabric) are small businesses themselves.
Microsoft in Space (Score:3, Funny)
"I have no idea what happend - this blue screen appeared and the ship shut down on re-entry..."
Paul Allen is cool.... (Score:4, Interesting)
Re:Paul Allen is cool.... (Score:3, Informative)
Re:Paul Allen is cool.... (Score:5, Informative)
Uhm, no. Bill Gates did not participate in any philanthropic activities until Ted Turner started criticizing him. And a lot of it had to do with PR since Microsoft was taking a lot of flack over being a convicted monopolist. Aside from Corbis, Gates is almost completely focused on Microsoft; expanding Microsoft's monopoly. Allen funds whatever he thinks is interesting and/or can possibly make a profit. Allen is not concerned about expanding Microsoft's empire. Allen was the UNIX enthusiast at Microsoft when he was there, by the way. While its fine and dandy that Gates is paying for vaccinations, his company is also the organization that has the audacity to audit poorly funded schools and non-profits for licensing compliance on donated computers. Its much like Jack the Pumpkin King trying to take over Christmas, if you ask me...
Re:Paul Allen is cool.... (Score:2, Interesting)
"Gates is almost completely focused on
Yeah, I guess that little "almost" in there is the 6.2 BILLION DOLLARS in grants and donations. I guess this [gatesfoundation.org] is what prevents him from being "completely" focused on Microsoft's monopoly, right?
I'm not exactly a Microsoft apologist, but for you to sit there an dismiss such a huge amount of philanthropy as a PR campaign or tantamount to billionaire one-upmanship angers the shit outta me -- regardles
Re:Paul Allen is cool.... (Score:5, Insightful)
You're right. It's only his $26 BILLION [gatesfoundation.com] (sorry, $6.2 billion is just what they've given out so far) that comprises the endowment.
"Mr. Gates did not get on the philanthropic exploits... blah blah blah"
So? Just as I don't know "the amount of money or time" that you've committed to charities, you don't have a clue as to what Mr. Gates' motives are, and the smarmy, self-important intimation that you do is part of what angers me. And "guilt-tripping"? Is that a joke? Bill Gates can either be an emotionless corporate hard-heart, hell-bent on world domination, or he can be swayed by the "guilt" laid on him by people. He can't be both. Pick one.
And does he "go around to countries asking them" for contracts? I'd like to see any evidence of that beyond anecdotal
Speaking of not making sense, let's examine part of what you're saying:
"He doesn't run the Foundation."
"He does run the Foundation and uses it to get Microsoft contracts."
Huh?
"You don't know me... blah blah blah."
You're right. And you don't know Bill Gates. Maybe you should take some of your own advice, and not speculate as to the intentions of another person.
But, given the size of the entire endowment, I think it's safe to guess you (just like I and most of the rest of the population of the world) haven't given 56% of their net worth to charity. That, unlike your assumptions, has at least some statistical validity to it (somewhere... I'm not about to look up average charitable donations by household as a percentage of income, but I'll betcha 50 bucks it's a whole shitload less than 56%. Feel free to look it up, though, if you think that statistical assumption is wrong).
Either way, I suppose I don't really care what you donate. I think it's absurd for you dismiss the significance of the donations as being executed for personal reasons of ego, while ignoring the benefits they've caused -- regardless of their source. I don't think it's any better of you to criticize Mr. Gates like you do than it would be for you to say to me "Bah, whatever chartitable donations you've made have only been to make yourself feel good and only for your benefit" or something to that effect. And that'd get me wicked-pissed off.
Gates Foundation grants.... $6,200,000,000 (Score:3, Informative)
http://www.gatesfoundation.org/Grants/
It was the surgery. (Score:2)
SpaceShipOne vs malaria, AIDS, etc (Score:2, Insightful)
And no, I'm not saying we have to choose between earthly needs and exploration.
if (SpaceShipOne) (Score:5, Funny)
MS Orbital Vehicle Assistant (Score:5, Funny)
/ \
|O O|
|\_/| "Looks like you are trying to Break
| | The sound barrier!"
| | |
| | |
| \_/
Re:MS Orbital Vehicle Assistant (Score:2)
Re:windows or *nix (Score:4, Insightful)
Re:windows or *nix (Score:3, Funny)
Re:well (Score:2)
Re:well (Score:2)
Now that _is_ an Interesting piece of gossip!
Re:well (Score:2)
Re:Damn... (Score:5, Funny)
"CTRL ALT DELETE! CTRL ALT DELETE!"
Quite well .... (Score:2)
You're off topic & I got mod points (Score:2, Informative)
* "More mod down than up." Maybe there are more trolls than interesting or informative people. I can easily believe this. Also, If something is well said, several people may mod it up at the same time - remember there's a time lag between post, mod, post score change, other people do stuff, etc.
* "logged in are modded down faster then AC." This is cuz when a user first gets mod points, they may not change their preferences. I go in and set "threshold" and "highlight threshold"