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December 28, 2020 12:34 pm

Will America's Next President Change Its Space Program?

America's next president takes office in three weeks and two days. What changes should he make to America's space program? An opinion writer at Bloomberg tackles the question:Donald Trump badly wanted to be the president who sent Americans back to the moon. Instead, his administration has presided over Artemis, a lunar-landing program plagued by "uncertain plans, unproven cost assumptions, and limited oversight," according to a new watchdog report. Pieces of the program, including the SLS rocket and Orion spacecraft, are billions of dollars over budget, years past deadline and poised to eat into NASA's more promising projects. As a result, the U.S. space agency will almost certainly miss its goal of landing Americans on the moon again by 2024. President-elect Joe Biden inherits the task of deciding what to do next. - He should focus on what has made the U.S. space program distinctive in recent years: the power of private competition... - The government bears all the risk of missed deadlines and rising costs. A more efficient alternative is fixed-price contracts, in which a company keeps as profit whatever's left over after it completes its assigned task. Beginning in 2006, NASA has used such contracts to boost the development of private space companies capable of reaching the International Space Station. The initiative has worked far better than anyone could've expected. In a 2011 report, NASA expressed bewilderment that SpaceX, then a young upstart, managed to develop its workhorse Falcon 9 rocket for just $390 million — as opposed to a likely cost of $1.7 billion to $4 billion under traditional cost-plus assumptions. Today, the rocket delivers hardware and astronauts for companies and space agencies around the world. Come January, the Biden administration should take a similar approach to the troubled Artemis system. Step one should be eliminating SLS and Orion altogether in favor of cheaper private-sector alternatives.... Currently, there are a number of Artemis elements being developed under fixed-price contracts, including future lunar landers. The new administration should use a similar approach with as many aspects of the project as possible, thereby harnessing the efficiency and inventiveness of private competition.

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