Elon Musk, SpaceX CEO, recently claimed that the company’s Starship rockets can be sent into orbit at 1% of NASA’s cost.
He was talking at a pitch event organized by the US Air Force for startups and businesses involved in innovative space technology.
“If you consider operational costs, maybe it’ll be like $2 million,” said Musk during a talk at the event.” This is much less than even a tiny rocket,” Musk added. “So, it’s something that needs to be made. The cost of propellant to launch it off the Earth is estimated to cost $900,000.”
On the other hand, NASA averages $152 million per launch, which puts SpaceX’s cost at nearly 1.28% of its cost.
Continue reading your story on the app
Continue reading your story in the magazine
Young Guns: Reduce, Reuse, Recycle
Over time, mankind has degraded the planet's most valuable resource - its atmosphere. Now it is time to do something
Lockheed Martin wins $4.9 billion U.S. Space Force contract
Lockheed Martin gets billions to develop NextGen OPIR satellites for the USSF.
Tesla's kiss of confidence sends Bitcoin price skyrocketing
According to Grayscale Bitcoin Trust, Bitcoin price rose 20.6%, its highest since mid-January.
Bitcoin: Fool's Gold or Digital Gold?
The past year has seen the Bitcoin vs Gold as a hedge investment debate hotting up. The price rally in cryptocurrency has led to a shift in sentiments, with many investors now finding it a viable investment.
Luxury Summer Hideaways and Boltholes in Europe
Auto chip shortage may have domino effect in smartphone industry
Auto industry leaders are experiencing disruptions, with estimated production shortfalls in single-digit percentage range in the first quarter of 2021.
CEOs Fixing the Future of Supply Chain
Industry Leaders Magazine talks to global supply chain leaders to identify actionable insights that will help the industry forge ahead in the aftermath of COVID-19.
EMPLOYEE ENGAGEMENT IN THE LAST LEG OF THE PANDEMIC AND BEYOND
The pandemic has forcibly separated teams, resulting in many employees forced to work remotely which has led them to feel isolated and disconnected.
Bitcoin could reach a high of $146,000, says JPMorgan
Bitcoin’s emergence as ‘digital gold’ could boost its price to $146,000, says JPMorgan & Chase.
Andy Jassy, AWS Head to Amazon's next CEO: Change or continuity at the helm?
The AWS head will get to test his mettle running one of the world’s most successful companies.
An Exclusive Interview With RÉMY BOND
It is a pleasure to interview one of the rising stars in today's contemporary art field, a surprising artist, full of vision, with incredibly unique and sophisticated artworks! Rémy Bond, born in 1983 in Paris, France, dreamed of becoming an astronaut.
FALSE ALARM: NO SPACE JUNK THREAT AFTER ALL TO SPACEX CREW
SpaceX’s four astronauts had barely settled into orbit last Friday when they were ordered back into their spacesuits because of a potential collision with orbiting junk.
BIGGEST SPACE STATION CROWD IN DECADE AFTER SPACEX ARRIVAL
The International Space Station’s population swelled to 11 on Saturday with the jubilant arrival of SpaceX’s third crew capsule in less than a year.
VIRTUAL REALITY IN 2021
How close to a different reality can virtual reality really take us? Sam Lewis
NASA'S MARS HELICOPTER TAKES FLIGHT, 1ST FOR ANOTHER PLANET
NASA’s experimental helicopter Ingenuity rose into the thin air above the dusty red surface of Mars on Monday, achieving the first powered flight by an aircraft on another planet.
ASTRONAUTS FLYING REUSED SPACEX ROCKET, CAPSULE FOR 1ST TIME
For the first time, NASA is putting its trust in a recycled SpaceX rocket and capsule for a crew.
Brain-chipped ape plays video game – with its mind!
The World's 50 Most Innovative Companies – Space
01 / SpaceX For flying past competitors in the space race by launching astronauts for NASA
WAITING FOR ELON
It’s not easy to compete with Miami and Austin for high-tech jobs. But Adelanto, Calif., which boasts a light regulatory environment, an enthusiastic city manager, and plenty of dirt, is giving it a shot
US, CHINA CONSULTED ON SAFETY AS THEIR CRAFTS HEADED TO MARS
As their respective spacecrafts headed to Mars, China and the U.S. held consultations earlier this year in a somewhat unusual series of exchanges between the rivals.