I was a kindergarten student and was completely obsessed with the space program (my childhood dream was to become an astronaut). I didn't watch it live (was at school), but as soon as I got home my mother sat me down and we watched the news coverage for several hours. It's one of my earlier childhood memories that is still very vivid to this day.
Shawnski: that line from Reagan's speech actually comes from the poem
High Flight, which was written by an American pilot serving with the Canadian air force in WWII. I had the distinct priviledge of reciting the poem myself while flying my first solo flight about 10 years ago.