Once derided as a crazy idea, rocket reusability is now seen as key to making space travel affordable. Blue Origin LLC, the space-exploration company founded by Amazon Chief Executive Officer Jeff Bezos, is working on New Glenn, a rocket with a reusable first stage that's targeting its first flight in 2020.
If the rocket Elon Musk's SpaceX expects to launch next week looks familiar, that's because it is. The Falcon 9 rocket slated to take off from Kennedy Space Center in Cape Canaveral, Florida, has flown before, marking the first time Space Exploration Technologies Corp. will refly one of the 14-story-tall boosters it recovered from past missions.
Elon Musk needs to raise at least US$1.15 billion more to bring his more affordable Model 3 to market. His believers, along with investors who buy into the vision of Tesla Inc., could hardly be happier.