Is the Space Industry too dancing to Mr. Musk's Tune?

May 10, 2021
2 min read

What's going on with the Man, who freshly considered himself the first person with Asperger's to host a live show? Elon Musk, on Saturday Night Live, the American TV comedy, mentioned that he is not a Joe. SpaceX Founder, Elon Musk reaffirmed his plans to use SpaceX's cheap rockets to enhance the existing telecommunication sector.

So, let's find out what tailwinds and headwinds, Mr. Musk's Starship is currently facing!

Low cost and Reusability are the signature Musk traits. Elon Musk believes in the potential of existing unloved technologies and in his ability to innovate.

Have you wondered why SpaceX, a rocketry firm founded in 2002 by Mr. Musk, is still considered a Startup?

Precisely, the Third most valuable Start-Up in the world! ( Ranked by CB Insights)

SpaceX

Musk aspires to make humanity a “multi-planetary space-faring civilization” by establishing a colony on Mars. The Entrepreneur, Musk has a future - Centric vision, and the giant investors underpin this foresight.

According to Pitchbook, a data-analysis firm, SpaceX’s latest funding round, completed in April, valued it at $74bn, up from $44bn in August 2020.

Cheaper and more Sustainable Rockets

A prototype version of SpaceX’s massive “Starship” rocket, smaller than only the Saturn V that took the Apollo astronauts to the moon, flew 10km above Boca Chica in Texas, before flying itself back to its launchpad and settling down gently on the ground. This test flight was a piece of good news for SpaceX as it was the first that had ended without a fireball.

SpaceX’s advances in rocketry provide the launch pad. Its craft is stupendous.

Starship has a carrying capacity more than six times that of the Falcon 9.

It is designed to be fully reusable, rather than disposable. (After launch, the first stage of its Falcon 9 can fly itself back to Earth under its own power, and after a refurbishment, lasting a few weeks, it can fly again!)