Cost of Project Apollo
NASA's budget peaked in the period 1964-1966, during the height of construction efforts leading up to the first moon landing under Project Apollo which involved more than 34,000 NASA employees and 375,000 employees of industrial and university contractors. Roughly 4% of the total federal budget was being devoted to the space program.
In March 1966, NASA officials briefing Congressional members stated the "run-out cost" of the Apollo program, aimed at achieving a manned lunar landing, would be an estimated $22.718 billion for the 13-year program, which had begun in 1959. According to Steve Garber, the NASA History website curator, the final cost of project Apollo was between $20 and $25.4 billion in 1969 Dollars (or approximately $136 billion in 2007 Dollars). The costs associated with the Apollo spacecraft and Saturn rockets amounted to about $83-billion in 2005 Dollars (Apollo spacecraft cost $28-billion (Command/Service Module $17-billion; Lunar Module $11-billion), Saturn I, Saturn IB, Saturn V costs about $ 46-billion 2005 dollars).
Read more about this topic: Budget Of NASA
Famous quotes containing the words cost of, cost, project and/or apollo:
“One must always be aware, to notice—even though the cost of noticing is to become responsible.”
—Thylias Moss, African American poet. As quoted in the Wall Street Journal (May 12, 1994)
“Oh high is the price of parenthood,
And daughters may cost you double.
You dare not forget, as you thought you could,
That youth is a plague and a trouble.”
—Phyllis McGinley (20th century)
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“I look on Sculpture as history. I do not think the Apollo and the Jove impossible in flesh and blood. Every trait the artist recorded in stone, he had seen in life, and better than his copy.”
—Ralph Waldo Emerson (1803–1882)