SpaceX the future of the Ruling space industry - Part 1

There’s no denying that SpaceX has revolutionized the space sector, transforming the way we think about interplanetary spaceflight and the future of humankind. With SpaceX Starship scheduled for its first full-stack flight in late February, it’s time to review the phenomenal progress it’s made so far, and see where it’s headed next.

REUSABLE ROCKET TECHNOLOGY

Perhaps one of the greatest concerns about space exploration raised in recent years is not only the vast quantities of money required to send humans into space but the natural resources, too. In 2021 at the Kennedy Space Center in Florida, SpaceX sent humans to space for the third time in less than a year, with astronauts sailing into orbit on a reused Falcon 9 rocket booster—the same booster that was used to send the Crew-1 mission to the International Space Three missions from one vehicle is a significant leap forward, not only in terms of the environmental benefits but also the financial benefits. If you wanted a seat on SpaceX’s Crew Dragon, you’d need to cough up an eye-watering $55 million, and a seat on Starliner costs somewhere around $90 million, according to government watchdog reports. On the other hand, trips aboard Virgin Galactic’s VSS Unity will cost passengers $250,000 apiece - and depending on reusable rockets and technology should bring those prices down even further as innovations are made across the wider sector.