Musk Does It Again
Two months ago, SpaceX made history becoming the first private company to put astronauts into space.
Sunday, those same astronauts, Doug Hurley and Bob Behnken, returned to Earth to complete their mission.
They splashed down safely in the Gulf of Mexico and proved that SpaceX was able to not only send people into space but also return them safely.
Despite warnings from the Coast Guard, the capsule was swarmed by curious boaters that risked the lives of both themselves and the astronauts in the capsule.
It would have been a twist of cruel fate, to have made it to space and back only to have their rescue thwarted by a throng of Florida retirees.
Fortunately, everything went according to plan and the two made it back safely.
This moment is huge for the space industry.
And an ecstatic Elon Musk — CEO of SpaceX — summed up the situation perfectly, stating…
I do think what this heralds really is fundamentally a new era in spaceflight. We’re going to go to the moon, we’re going to have a base on the moon, we’re going to send people to Mars and make life multiplanetary and I think this day heralds a new age of space exploration. That’s what it’s all about.
Musk’s goal is clear. Sending people into space is just one step on the long journey to allow people to live on the moon and Mars.
And on the way, there are plenty of opportunities to be had.
A Burgeoning Space Industry
You often remember moments in tech history that changed the world.
Your first personal computer… the first time using the internet… your first smartphone.
These moments, though, had testing phases — all of them.
And right now, space tech is in that young testing phase.
We’ve only started to see real success in this industry in the past five years.
And it’s ballooning faster than anyone ever expected.
One milestone after another gets hit every month now.
And there are companies large and small that want to get a piece of the action.
Don’t believe me?
Well, let’s take a look at SpaceX alone. They were able to achieve great success with this launch during a worldwide pandemic. And they have plans of continuing launches for their satellite-internet offshoot Starlink.
Already, they’ve applied with regulators to support 5 million people in the first round of customer testing.
And I expect that will only increase as they launch more and more satellites.
The space industry has shown to have wild success during a pandemic, which fares well for them in the future when there will be even more funding from private investors.
On top of that, the industry as a whole continues to increase in value.
A report set to release Thursday states that the space industry in 2019 was worth $432.8 billion — a 70% increase since 2010.
That’s with having only recent success too.
The building blocks of the industry are there already.
And if you idly watch it without doing anything about it…
You could see profit opportunities slip through your fingers.
To a bright future,