Over the weekend, SpaceX managed to launch two Falcon 9 rockets into space. Sunday’s launch in California sent ten satellites into orbit. It’s the latest in SpaceX rocket launches that are successful. Business Insider reported that the ten satellites were for SpaceX client Iridium Communications. Earlier on Friday, a Falcon 9 rocket also launched in Florida, boosting a Bulgarian satellite into orbit.
Space travel today and in the future will likely be led by private companies like SpaceX. Many factors came together for this development; the most significant would be the 2003 Columbia Space Shuttle disaster that killed all seven astronauts on board. This reduced political backing and government funding for NASA, forcing it to suspend its space program.
SpaceX and another private company, Richard Branson’s Virgin Galactic, are aiming for commercial space flights. A 2012 estimate projected that space tourism could become a $1.6 billion dollar industry in the next ten years. The clientele is likely to be wealthy adventurers.
SpaceX is already delivering supplies and cargo to the International Space Station, as part of its contract with NASA. According to a report from the Space website, the company has plans to send two tourists on a round trip to pass around the moon and back in 2018. The identities of the tourists and how much they paid are kept secret.
SpaceX founder and CEO Elon Musk pointed out, though, that NASA has first priority. If the agency wants two of its astronauts to be on the SpaceX maiden moon flight, the two tourists’ trip will be bumped to a later date.
As for Virgin Galactic, 800 would-be space tourists paid $250,000 each to get a ride in the company’s SpaceShipTwo, for a trip through sub-orbital space. Branson is pushing for space tourism despite the 2014 tragedy when the prototype of SpaceShipTwo crashed during a test flight. The pilot was killed, and the co-pilot was injured.
Branson is undeterred, saying making space flights available to everyone is worth the risks. He promises to be on SpaceShip Two’s maiden flight as well.
Smart Green Charge: a community charging station that combines solar and wind power
In France, a startup called Smart Green Charge wants to accelerate the transition to electric vehicles. To do so, it...
Strategic acquisition in the German fintech sector
Lehner Investments has signed an acquisition deal with the FinTech company Catana Capital.11.5 million shares will be issued at the...
The interest rate threshold keeps dropping
Our Nation's debt to GDP ratio has now climbed above 130%. More importantly, that debt has surged to equal 800%...
ESG ETFs were that blockbuster fund in 2020
Equity ETFs saw the largest inflows in 2020, with $67.2 billion (€55.3 billion). After a period of risk aversion and...
Kia Morocco, between rebirth and ambitions
After a good progression in 2020, the importer of Kia continues its basic strategy aimed at restoring the brand's aura...
Crowdfunding6 days ago
Italian real estate crowdfunding doubles funding in 2020
Featured6 days ago
Why were coffee futures higher in both New York and London
Business6 days ago
These stocks will benefit or be hurt by the 5G rollout
Biotech6 days ago
Lyon-based biotech company genOway announces strong revenue growth for 2020