Friedberg estimates a $15 to $30 trillion annual economic opportunity on the moon with high business multiples.
“I actually think there's probably a 15 to $30,000,000,000,000 a year economic opportunity on the moon. That kind of a business, like you're gonna see with SpaceX's IPO, is gonna have an insane multiple.”
Friedberg calculates 500 square meters of solar panels can ship one ton from moon every ten to fifteen minutes.
“It's like 500 square meters of solar panels will let you run a four kilometer mass driver to ship material back to the Earth every ten to fifteen minutes.”
Friedberg argues the moon could become humanity's next industrial frontier.
“I think the moon could end up being kind of the next industrial frontier for humanity.”
Friedberg claims shipping goods from the moon to Earth costs zero due to low gravity.
“And, ultimately, the cost to ship those goods back to the Earth is zero. And the reason is that on the moon, you can take advantage of the low gravity.”
Friedberg predicts the moon will become a giant economy comparable to the East India Company.
“I actually think the moon is gonna be a giant, giant, giant economy. And I think it's like one of these economies.”