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SpaceX becomes first privately owned company to put capsule in space

Space X launches shuttle into Earth's orbit - plans ISS transport by 2012.

@anthony256
Published Wed, Dec 8 2010 7:30 PM CST   |   Updated Mon, Oct 19 2020 8:13 PM CDT
Space X has successfully launched a large capsule into Earth's orbit today, with this success it makes them the first private corporation to reach this milestone.

SpaceX becomes first privately owned company to put capsule in space | TweakTown.com


Elon Musk made a fortune by co-founding PayPal and lives the kind of life Tony Stark (aka Iron Man) but, in real life. He's a billionaire who is also the founder of Space X. He is also the co-founder of Tesla Motors and has spent $400 million of his own fortune to advance Space X to it's current point in time.

From here, the plan is cheap space ferrying. The rocket will have capabilities to transport 6000 kg with a return cargo capacity of 3000 kg. The average cost per flight will be under $5360 USD/kg. The previous cheapest option was Russia's Rockot [a converted ICBM] which delivered cargo for $7297 USD/kg (and was reportedly subsidized by the Russian Navy).

The current transport costs $10, 400 USD/kg and is provided by the US Space Shuttle.

In 2013 Space X is reported to carry astronauts to the International Space Station. The passenger variant from Space X, dubbed "Dragon" can carry up to seven people or a mix or crew and cargo. It will be competing directly with Boeing which is also designing a passenger spacecraft.
NEWS SOURCE:dailytech.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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