Next year on re-supply missions to the International Space Station, the Space Shuttle will be replaced by “SpaceX,” a private space cargo company, as part of a $3.5 billion NASA resupply contract.
SpaceX (created by PayPal co-founder Elon Musk) launched the first privately-developed liquid fuel rocket into orbit 2,500 miles southwest of Hawaii with a 364-lb payload, and hopes to reduce the costs of transporting cargo to space. And Musk is also the CEO of Tesla Motors, which sells the only non-prototype highway-capable electric car in North America.
“With Falcon rockets delivering payloads to space and Teslas electric cars putting market pressure on established players … SpaceX and Tesla Motors are likely to become dominant players in 21st century transportation.”
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