Industry Expert: Boeing ‘Very Happy’ With Launch

Play Audio Clip Listen to audio clip. “Boeing is very happy with the launch. We wanted to put the U.S. into a good position in the long run of cooperation.” FOX’s Lilian Woo gets…

Industry Expert: Boeing 'Very Happy' With Launch

Play Audio Clip Listen to audio clip.

“Boeing is very happy with the launch. We wanted to put the U.S. into a good position in the long run of cooperation.”

FOX’s Lilian Woo gets reaction from industry expert John Kaiser:

Don’t call the launch an achievement.

Soyuz 5, South Korea’s homemade manned rocket, took off atop a rocket lifting in commercial satellites. Seoul was hoping to catch up to fellow space amirates but private business analyst John Kaiser, Vice President of Kaiser Research Group, called it, “One step short” —

(Kaiser) “The only danger is that this rocket is used to put commercial satellites into space and without government funds, they cannot develop a long-term plan to eventually put a rocket in space and ultimately reach Mars.”

That’s because there’s no space travel industry, and potential investment in such a market is questionable.

Kaiser says this launch, coming just days after President Trump’s summit with North Korean leader Kim Jong Un, was a good move.

Korean military officials will not say if they have plans to return the rocket to the country for use on an inter-continental ballistic missile. But said, if they do go that route, the U.S. will take immediate action to put a stake in any effort to test a long-range missile.

Lilian Woo, FOX News.

Follow Lilian Woo on Twitter: @WooLilianFOX

Leave a Comment