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Tycho, v. 1, issue 2, November 1942
Page 11
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TYCHO Page 11 _________________________________________ least partially in actual practice, and based on sound theoretical grounding. Classical problems of space-flight have been today mostly solved, even to the most subtle and elaborate refinements. The materials, men and enthusiasm are all present. What, then, is lacking? The answer is simple -- adequate financing. The call for gold responds only to the call of more gold. Broadly speaking, space-flight, in relation to the present condition of world economics, has no meaning whatsoever. Consequently, it cannot, and does not, receive any financial backing. Estimates of the cost of building a practical space-flyer run between fifty-million and five-hundred-million; the actual probable costs being somewhat nearer the latter figure. It is a curious fact that ever since the financial crisis of the late twenties, and the end of the last war in Europe, no such immense sums of money have been anywhere available for such an undertaking -- granting that some group of financiers could be interested in the question. It is an only too-well-known fact that governments, the only agencies in existence capable of directly financing space-flying schemes, have been devoting all their spare cash to the purchase and preparation of war-materials. This, of course, has left no room for other appropriations. Let the reader of science-
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TYCHO Page 11 _________________________________________ least partially in actual practice, and based on sound theoretical grounding. Classical problems of space-flight have been today mostly solved, even to the most subtle and elaborate refinements. The materials, men and enthusiasm are all present. What, then, is lacking? The answer is simple -- adequate financing. The call for gold responds only to the call of more gold. Broadly speaking, space-flight, in relation to the present condition of world economics, has no meaning whatsoever. Consequently, it cannot, and does not, receive any financial backing. Estimates of the cost of building a practical space-flyer run between fifty-million and five-hundred-million; the actual probable costs being somewhat nearer the latter figure. It is a curious fact that ever since the financial crisis of the late twenties, and the end of the last war in Europe, no such immense sums of money have been anywhere available for such an undertaking -- granting that some group of financiers could be interested in the question. It is an only too-well-known fact that governments, the only agencies in existence capable of directly financing space-flying schemes, have been devoting all their spare cash to the purchase and preparation of war-materials. This, of course, has left no room for other appropriations. Let the reader of science-
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