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How Can I Invest In The Space Exploration And Aerospace Industry?
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Billionaire Private Investment Is Good For The Space Industry, Whether We Like It Or Not.
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The Space Race (again). But will the new cap on private investment in space pay off?
Paypal and Tesla billionaire Elon Musk may still be reeling from recent setbacks, but his leadership in a new boom zone continues. And as our desire to learn about space grows, more and more pioneers are ready to explore its possibilities.
The newly constructed first-stage rocket sits 162 feet above a concrete pad at the corner of Crenshaw Boulevard and Jack Northrup Avenue in Hawthorne, California.
Innovative Advances In Space Technology
If you happen to walk that way, you will not miss, but off the road you will not reach and grab.
The rover made history in December 2015 in Cape Canaveral, Florida, helping launch 11 satellites into orbit for communications company Orbcomm. Since then, SpaceX, whose full name is Space Exploration Technologies Corp, has launched five more first-stage rockets — one on land and four by drone floating in the ocean.
The landing fueled Space X CEO Elon Musk’s vision for rocket boosters that could significantly lower launch costs. In addition, the 162-foot-tall leviathan is visible, but somehow inaccessible, a symbol of the new boom zone.
Not since the space flight boom of the 1990s has the space race been so exciting. Back in 2011, there were only 100 companies in the space industry. Now there are about 1,000, including 700 independent companies, according to Richard Racket, co-founder and CEO of New Space Global.
Advantages And Disadvantages Of Space Exploration
Back in 2011, there were only 100 companies in the space industry. Now there are about 1,000, including 700 independent companies, according to the aptly named Richard Rocket.
Since 2000, investment in space startups has reached $13.3 billion, including a record $2.7 billion in 2015. It’s clear that money is pouring into the fledgling space industry — albeit more slowly than many older tech companies.
According to Jeff Foust, editor-in-chief of the Washington, D.C.-based Space Review, there are two main forces driving the strong financial interest in space tourism and deep space exploration: to keep costs down,” he says. “So smaller satellites are easier to get into space — and you can launch missiles for much less money, which means more frequent launches.”
Space X has been described as a version of EasyJet’s rocket launchers, reliable and affordable. Part of the area’s newfound success is the enthusiastic participation of billionaires.
How Space Tourism Is Skyrocketing
“The rich people’s interest in space has led to money pouring into new projects,” says Foust. “This has never happened before.”
Along with Elon Musk, the billionaire behind PayPal, Tesla and now Space X, is his space nemesis Jeff Bezos of Amazon, who owns the rocket company Blue Origin. So far, Bezos has declined to say how much he has invested in Blue Origin, except for one pointed statement to reporters: “Let’s say it’s a lot,” he teased.
Microsoft founder Paul Allen has funded Stratolaunch, the world’s largest winged aircraft, which will launch rockets from an altitude of about 30,000 meters minutes before they blast off into space. (This will make it possible to send satellites into space more reliably, he says.) And in January 2015, Google invested $1 billion in space X. Sir Richard Branson’s Virgin Galactic, which has been trying to develop regional tourism for more than a year. decade. . , is one of the few non-digital and non-software billionaires currently investing in the rocket boom.
Musk himself noticed this trend. “You had to have some kind of boom to be able to provide the capital to start the rocket boom, and that only happened with your computers and the Internet,” he said.
Benefits Of Space Technology On Earth And Why Invest In It
But are these billions serious, or is it just another exciting hobby for a group of super-rich space dilettantes?
“I think they’re very serious,” Foust says. “Many of them have been dreaming of this since childhood. Bezos has invested in Blue Origin for 15 years, Space X for 14 years and Virgin Galactic for more than a decade. They all failed. In the case of Virgin Galactic, the pilot died. It would be very easy for any of them to give up .
In addition to power, they also have the appropriate goals of a tycoon. For Musk, for example, reusable rockets are just the beginning. Its mission is to take humans to Mars.
“Are we on our way to a multiplanet or not?” – asked Musk. “If we don’t do that, the future won’t be very bright. We will spend some time on Earth until a disaster takes us away.”
Space Exploration Pros And Cons: A Waste Of Money?
Although SpaceX has yet to put a human in low-Earth orbit — they say the first astronauts will be there in 2017 — Musk says he’s hard at work on the Mars Colony Transporter plan. (Rumor has it that the X in space X stands for Exodus).
Despite the setback when one of their rockets recently exploded on the launch pad at Cape Canaveral, Musk’s enthusiasm doesn’t seem to have waned.
Bezos is still just a star. His reusable spaceship, named New Shephard, has begun to reach the edges of space. Depending on how successful the test is, tourists paying six per hour could start making short trips from 2018.
But in reality, space tourism has already been successful. On April 28, 2001, Dennis Tito became the first paid space tourist to visit the International Space Station (ISS) for seven days.
These Countries Are Investing The Most Money In Space Programs
He was followed in 2002 by South African computer billionaire Mark Shuttleworth. Next is Gregory Olson in 2005, whose company introduced special cameras with high sensitivity.
Since then, more than eight civilian flights have been made with the Russian Soyuz spacecraft. It’s all organized by Tom Shelley, president of Washington-based company Space Adventures England.
Jumping to the edge of space and back for five minutes—feeling the strong G-force on the way up and weightlessness on the way down will soon become normal, Shelley says. Shelley predicts that in 2020, “you’ll meet people at parties who have done it,” he says.
“In ten or 20 years, flying from the US to Australia will cost the same as first class.”
The Impact Of Space Tourism On The Economy
For Bezos, space tourism is just the beginning, a necessary step to develop knowledge of new technologies, like the early days of airplanes or computer games. Its main goal is to enable us all to live and work “off-planet”. If heavy industry existed on Earth, Earth would revert to a large space with universities and houses, he suggests. He’s understandably excited about the recent discovery of Proxima B, an Earth-like world 4.22 light-years away that could potentially support life.
The fastest growing satellite industry is currently the biggest investment opportunity on a global scale. For example, Google’s investment in Space X is intended to help Google achieve its goal of bringing satellite Internet to remote parts of the world.
Virgin Group, together with communications semiconductor manufacturer Qualcomm, have invested in a group of 648 satellites to connect to the Internet. Planet Labs, maker of shoebox-sized satellites that provide images of Earth, has raised $95 million.
“Most new space companies will only be around 10 to 20 years from now,” said Fred Wilson of Aerojet Rocketdyne, which makes rocket propulsion systems.
Investing In Space: The Space Station Kingmaker
Foust agrees, but notes that “the difference between today and, say, the ’90s, is that everything is much cheaper: new business models for space companies don’t require as much success as they did in the past,” he says.
Foust believes that successful companies integrate over time. “To find out who will win