Space: The Final Frontier

June 6, 2010

I never got a chance to post about this yesterday, but wow. This news is just as big if not bigger than the news of when Scaled Composites successfully won the Ansari X Prize. What this means is a fundamental shift in space flight from the public sector to the private sector. President Obama announced earlier this year of his vision that private industry will be relied upon to ferry cargo and potentially astronauts to and from space. In only a couple of months, not years, the proof of concept of this vision has occurred.

SpaceX was successfully able to put a mock-up of its Dragon capsule into orbit. The Dragon capsule will be able to ferry cargo and/or astronauts to Low Earth Orbit and the International Space Station. This means less of a burden placed on NASA and the taxpayers and more room for quick, agile innovations in space travel technology.

This news also comes at a wonderful time for SpaceX’s founder, Elon Musk. His other major startup, Tesla Motors, had great news a couple of weeks ago where they purchased the NUMMI plant in Fremont, California. This plant allows Tesla to expand its production capabilities significantly and be able to decrease the price of its cars due to economies of scale. In addition, Tesla is poised to go IPO in the near future. Unfortunately, all this success for Elon Musk’s business life doesn’t translate over to his personal life.

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