Commercial use of spaceCommercial use of space is the provision of goods or services of commercial value by using equipment sent into Earth orbit or outer space. This phenomenon – aka Space Economy (or New Space Economy) – is accelerating cross-sector innovation processes combining the most advanced space and digital technologies to develop a broad portfolio of space-based services.
Falcon 9 Full ThrustFalcon 9 Full Thrust (also known as Falcon 9 v1.2, with variants Block 1 to Block 5) is a partially reusable medium-lift launch vehicle, designed and manufactured by SpaceX. Designed in 2014–2015, Falcon 9 Full Thrust began launch operations in December 2015. As of , Falcon 9 Full Thrust had performed launches without any failures. Based on the Lewis point estimate of reliability, this rocket is the most reliable orbital launch vehicle currently in operation.
Space industrySpace industry refers to economic activities related to manufacturing components that go into outer space (Earth's orbit or beyond), delivering them to those regions, and related services. Owing to the prominence of the satellite-related activities, some sources use the term satellite industry interchangeably with the term space industry. The term space business has also been used. A narrow definition encompasses only hardware providers (primarily related to launch vehicles and satellites).
Falcon 1Falcon 1 was a small-lift launch vehicle that was operated from 2006 to 2009 by SpaceX, an American aerospace manufacturer. On 28 September 2008, Falcon 1 became the first privately-developed fully liquid-fueled launch vehicle to go into orbit around the Earth. The two-stage-to-orbit rocket used LOX/RP-1 for both stages, the first powered by a single Merlin engine and the second powered by a single Kestrel engine. It was designed by SpaceX from the ground up. The vehicle was launched a total of five times.
Falcon HeavyFalcon Heavy is a partially reusable super heavy-lift launch vehicle that can carry cargo into Earth orbit, and beyond. It is designed, manufactured and launched by American aerospace company SpaceX. The rocket consists of a center core on which two Falcon 9 boosters are attached, and a second stage on top of the center core. Falcon Heavy has the second highest payload capacity of any currently operational launch vehicle behind NASA's Space Launch System, and the fourth-highest capacity of any rocket to reach orbit, trailing behind the SLS, Energia and the Saturn V.
Space AgeThe Space Age is a period encompassing the activities related to the Space Race, space exploration, space technology, and the cultural developments influenced by these events, beginning with the launch of Sputnik 1 on October 4, 1957, and continuing to the present. This period is characterized by changes in emphasis on particular areas of space exploration and applications. Initially, the United States and the Soviet Union invested unprecedented amounts of resources in breaking records and being first to meet milestones in crewed and uncrewed exploration.
Reusable launch vehicleA reusable launch vehicle has parts that can be recovered and reflown, while carrying payloads from the surface to outer space. Rocket stages are the most common launch vehicle parts aimed for reuse. Smaller parts such as rocket engines and boosters can also be reused, though reusable spacecraft may be launched on top of an expendable launch vehicle. Reusable launch vehicles do not need to make these parts for each launch, therefore reducing its launch cost significantly.
Elon MuskElon Reeve Musk (ˈiːlɒn ; born June 28, 1971) is a business magnate and investor. Musk is the founder, chairman, CEO and chief technology officer of SpaceX, angel investor, CEO and product architect of Tesla, Inc., owner, chairman and CTO of X Corp., founder of the Boring Company, a co-founder of Neuralink and OpenAI, and the president of the Musk Foundation. He is the wealthiest person in the world, with an estimated net worth of US217billion,accordingtotheBloombergBillionairesIndex,and219 billion according to Forbes, primarily from his ownership stakes in Tesla and SpaceX. 