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Guest: Richard David. Topics: Commercial space business evaluation, NewSpace emerging industry with winners. Please direct all comments and questions regarding Space Show programs/guest(s) to the Space Show blog, http://thespaceshow.wordpress.com. Comments and questions should be relevant to the specific Space Show program. Written Transcripts of Space Show programs are a violation of our copyright and are not permitted without prior written consent, even if for your own use. We do not permit the commercial use of Space Show programs or any part thereof, nor do we permit editing, YouTube clips, or clips placed on other private channels & websites. Space Show programs can be quoted, but the quote must be cited or referenced using the proper citation format. Contact The Space Show for further information. In addition, please remember that your Amazon purchases can help support The Space Show/OGLF. See www.onegiantleapfoundation.org/amazon.htm. We welcomed Richard David back to the show for this special Thursday one hour discussion about NewSpace industry evaluations and the recently held NewSpace Investor Conference. Richard started out talking about the event and the focus on markets and investors. Other topics included the essentials of building a viable business and the evaluations of emerging entrepreneurial companies by NewSpace Global (NSG) in the various lists and reports (see www.newspaceglobal.com). Richard talked about the variety of companies participating in the event ranging from SpaceX to very small startups and emerging companies. He said the group was very diverse representing all aspects of commercial space development and management styles. Richard then named several companies as examples. We talked about timelines for NewSpace company development and at one point I asked him to compare NewSpace timelines to Twitter which had just gone public. Twitter was started in March 2006 and we talked about the differences in challenges and other issues giving NewSpace longer timelines. I asked Richard to talk about commercial development over the past three years, what makes it different today from three years ago, and do we need a Netscape moment or steady growth. Richard was asked to tell us the major challenges or hurdles he believes exists for these emerging companies. He listed and discussed four such challenges. You might be surprised to find out that regulatory challenges were not among his top four hurdles. Toward the end of our discussion, I asked about business opportunities for human spaceflight. I also inquired about entrepreneurial opportunities from outside the U.S. Richard said 75% of the activity comes from with the United States. Please post your comments/questions on The Space Show blog above. Richard can be contacted through his website.