Interstellar grossed over $700,000,000 at the box office. How much money will Chandrayaan-3 make?
Just showing how pointless this comparison is.
Submitted 1 year ago by StoicLime@lemm.ee to technology@lemmy.world
https://www.independent.co.uk/tech/india-moon-chandrayaan-3-cost-budget-interstellar-b2398004.html
Interstellar grossed over $700,000,000 at the box office. How much money will Chandrayaan-3 make?
Just showing how pointless this comparison is.
It’s very hard to put a price on scientific advancement like this.
It often involves development of new technologies, talent and facilities that can generate money for decades.
The actual profit generated can be insanely large. Like the original NASA missions. They gave us so much technology. They are likely responsible for billions of future profit derived from the tech.
Worth pointing out that the scientific advancement would generate billions that NASA will only see a fraction of.
It’s not an advancement if it’s already been done multiple times, just that by other countries
Well if they find water there it could make way more
Eh I can get water from my tap, I won’t buy any of that funky moon water.
I mean, if you ignore all the R&D costs up to now, including the cost of the 2 failed attempts that came before. And comparing it to house prices isn’t great either, they’re comparing the sale price of a house with the cost price of a rocket. It didn’t cost £200M to build that house that sold for £200M.
Still though, it’s a great achievement, and keeping a relatively low budget is impressive.
Why include R&D up to this point? Do we say Mars Pathfinder (Sojourner) actually cost billions because we include previous Mars missions?
I think it’s just a bad article. They throw out numbers but don’t say how they got them.
And unlike Russia, they were successful
India landed on the moon.
Russia landed on the moon, too. They just had a few more pieces.
On the second try. First time their engine also over preformed putting them out of the very narrow corridor that their altimeter was expecting. But it looks like they’ve really overhauled and reworked the code to be much more robust this time.
Article ignored all the costs up tot that point.
Well ya they went to stars that’s much more far away to make that. Has no one watched the movie?
Really? I don’t think so!
In absolute values, sure, but They didn’t adjust for the **difference in purchasing power **between India and the US. Sure, the purported INR 6,150,000,000.- can be converted directly into USD 74,400,732.- using the current exchange rate of INR 82.66 for USD 1.
BUT, if you take into account the difference in purchasing power of the two economies and use a **conversion rate **that **eliminates the differences in price levels **between countries (data.oecd.org/…/purchasing-power-parities-ppp.htm, 24.059 between India and US in 2022) then INR 6,150,000,000.- come out to be equal to USD 255,621,597! This value you can now compare to the production cost of movies in the US etc.
But what can you expect from those young “journalists” from the independent… they should be ashamed of themselves.
Yeah, people always forget that purchasing power is a very important detail when you compare currency economies either in present day or historical contexts.
Why is purchasing power relevant here? They’re not talking about how much the country can afford, but how economical they are in achieving their goals.
Purchasing power refers to how much goods you can buy with your currency. As you can imagine you can buy less with 100$ in the US than in India, where everything is cheaper. If you take purchasing power into account you convert everything into a “standard amount of stuff”. And using a conversion based on “the same stuff” you’ll get a different currency conversion factor.
India achieves their goal still very economically, but it’s not 75mil, it’s 255mil. The equivalent amount of stuff that costs INR 6.15billion if you buy it in India costs USD 255million if you buy it in the US.
Wait, Interstellar wasn’t a documentary?
I have worked with many Indian engineers. They keep going like a fucking train. I felt like they already knew all the about the project even before they got hired.
Have there been any people on the moon other than the Americans back in the day?
12 Americans have walked on the moon, with the last one in 1972. Four of them are still alive. Everything else has been unmanned.
Wow, walking on the Moon is deadly.
givesomefucks@lemmy.world 1 year ago
One of the big cost saving features was not giving their engineers paychecks for the last 17 months apparently…
lemmy.world/post/3801333?scrollToComments=true
Noumena@kbin.social 1 year ago
Slavery sure is cheap. Good call out.
thefartographer@lemm.ee 1 year ago
And the masters take credit for the slaves. Cuz, you know… If people aren’t commodities and I treat my workers like commodities, then they must not be people.
Th4tGuyII@kbin.social 1 year ago
A boss hogging all the credit for the hard work their subordinates did, what's new?
kitonthenet@kbin.social 1 year ago
R u sayin you’ve been stiffed for a year and a half before
eee@lemm.ee 1 year ago
Oof. That’s embarrassing