I just got back from a pleasant evening hanging out with some of the local space geeks (Clark Lindsey, Jeff Foust, Phil Smith, and Pat Bahn). The main topic of conversation was obviously SpaceShipOne and the ramifications of the flight. Two noteworthy things came up. First of all, Pat confirms that the giggle factor is pretty much dead as far as investors are concerned. He can’t go into details for obvious reasons, but he speaks from direct experience. Everyone suspected this would happen, but it’s nice to have real data. The second point that came up which I thought I’d mention is this: In the SS1 development program so far there have been four incidents in which the pilot saved the plane. The landing problem on the December 17th test, the uncommanded nose rise on the August 27th test, the computer failure on the May 13th shot, and the roll problem on the most recent flight. In an unmanned system each one of those would most likely have lead to loss of vehicle. The lesson is clear – pilots are good. Again, no surprise to anyone who’s been paying attention to alt-space, but it’s nice to have further confirmation.