Elon Musk’s First Astronaut Launch Is One Giant Leap For Space Capitalism

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Elon Musk’s First Astronaut Launch Is One Giant Leap For Space Capitalism
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SpaceX is sending a NASA crew into orbit this week, marking a milestone for entrepreneurs in an effort to reclaim the galaxy from big government

f all goes according to plan, veteran NASA astronauts Bob Behnken and Doug Hurley will lift off from the Kennedy Space Center in Florida on Wednesday morning. Less than a day later, they will arrive at the International Space Station. It will be the first crewed orbital flight from American soil since 2011.first time ever that astronauts will travel to orbit on a privately-owned spacecraft .

This was galling to many space enthusiasts, whose passion was nurtured on science fiction stories by the likes of Robert Heinlein, who portrayed a future in space driven by capitalists. When the Cold War finally Manber served in the Reagan Administration in the 1980s, where he’d helped to establish the Office of Space Commerce. In that role, he helped to secure the first commercial contract between the Soviet space agency and a U.S. company. His work in Russia continued after the Soviet Union fell, first by working with Russian space company Energia beginning in 1992.The emergence of Russian space companies, which were building durable rockets at reasonable price tags, helped energize the marketplace.

One notable example of these efforts came from banker and billionaire Andrew Beal, who founded an aerospace company in 1996 with an aim to produce low-cost, reusable rockets. “It’s a big roll of the dice,” he toldin April 2000. He was right. The luck ran out six months later when Beal shut down the company, citing the impossibility of competing with the government-subsidized aerospace industry.

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