NASA is partnering with SpaceX, Blue Origin and others to search for water on the moon. Water is the foundation for rocket propellant, which could supply refueling stations in the cosmos and make Mars trips cheaper. Photo illustration: Crystal Tai
Tag Archives: Rockets
Technology: ‘How SpaceX Makes Money’ (Video)
As side hustles go, Elon Musk’s rocket company SpaceX is really quite something. Entirely separate from the humdrum day job at Tesla, where his only real challenge is weaning humanity off the internal combustion engine, Musk’s multi-billion dollar SpaceX operation sets itself no less a target than bringing down the cost of space travel and ultimately helping mankind colonise Mars.
Spoiler alert – firing gigantic rockets into space every other week is not a cheap undertaking. And while there’s no question Elon Musk has a few bucks to his name, his pockets aren’t bottomless. Somehow, all those dazzling launches – and landings – need to pay for themselves. So strap in and get ready for ignition sequence, while we investigate today’s burning question – how does SpaceX make money?
In October this year, influential investment bank Morgan Stanley went on record saying it believed SpaceX would very soon be worth a cool 100 billion dollars.
Space: UAE, China And USA Launch Missions To Mars – How Long Will It Take?
Why are there so many attempts to get to Mars at the moment? The United Arab Emirate’s Hope satellite was despatched last week and now China has launched its first rover mission to the red planet. Nasa’s Perseverance Rover is scheduled to take off on 30th July. Well, summer 2020 is a popular time for missions to the red planet because of the way the planets align – but how long does it take to get there? Landing on Mars is known as the “seven minutes of terror”, and there are lots of reasons why. Here BBC Science Correspondent Laura Foster explains how long it takes to get there and why it’s so difficult. Video by Megan Fisher, Terry Saunders and Laura Foster