As NASA runs them, space telescopes are not really a profitable enterprise, however like everything NASA does, their space telescopes are overpriced and built on cost-plus contracts.Skipjack wrote:Space transport should be in private hands. I am not so sure about the science. Space telescopes are not really a profitable enterprise. So I doubt that many private companies would be willing to invest into something like that. So that is one area where I see a good point for NASA.
Another is doing high potential yield- high risk research for space flight enabling tech. This tech should then be licenseable by private companies to build new, better space transport vehicles. With NASA freed from the cost of space flight development and operations, it should have plenty of money left for research like that. Heck, I could see NASA funding something like polywell. IMHO it would be the most suitable government organization for funding something like that (other than the DOE maybe)
The primary product of space telescopes is intellectual property. Right now its all pretty nebulous as to its value on the market other than licensing for coffee table books or to be used in sci-fi movies and tv shows, but thats just for right now.
If Mach Effect thrusters prove feasible, then the universe opens before us and all astronomical knowledge becomes valuable proprietary information: for mining value of various bodies (fuel depots, structural materials, palladium group monetary metals, etc), for the real estate value of various planets in and outside the solar system.
If/when MET proves out then it becomes commercially feasible to invest in various telescopes, such as interferometers, etc to directly image earth class bodies in other solar systems. Even WISE is of commercial value, if we detect a brown or red dwarf within 1 light year of Earth with it and it has planets orbiting it to start with, but also the sky survey of all NEOs, other asteroids, KBO's etc will help insurance companies better calculate asteroid strike risks for the future.