Elon Musk says SpaceX's Mars rocket will be cheaper than he once thought. Here's why

United States News News

United States Latest News,United States Headlines
  • 📰 CNN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

The rocket and spacecraft at the center of Elon Musk's plan to colonize Mars could fly humans into orbit within one year — and cost billions of dollars less than he once predicted. He told CNN Business' Rachel Crane this and more at SpaceX facilities.

The SpaceX CEO said two years ago that it would cost between $2 billion and $10 billion to develop the hardware needed to trek millions of miles across deep space.Musk said Saturday he now believes the cost will come in on the low end of that spectrum —"probably closer to a two or three [billion] than it is to 10," he told CNN Business' Rachel Crane during an interview at SpaceX's facilities in Boca Chica, Texas where Musk also unveiled the 160-foot-tall rocket prototype.

"If you could use a car only once, very few people could afford to drive a car. So the critical breakthrough that's necessary is a rapidly reusable orbital rocket.""That is the Holy Grail of space," he said.Musk has spoken publicly for years about his vision for a spacecraft capable of traveling to other planets, and the blueprints have undergone significant revisions.Analysts and critics have questioned whether SpaceX can fund such a project.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Watch SpaceX founder Elon Musk talk about the Starship rocket and his Mars plansWatch SpaceX founder Elon Musk talk about the Starship rocket and his Mars plansSpaceX founder and CEO Elon Musk is slated to give an updated presentation on the company's Starship rocket on Saturday.
Read more »

Musk unveils SpaceX rocket designed to get to Mars and backMusk unveils SpaceX rocket designed to get to Mars and backBOCA CHICA VILLAGE, Texas (AP) — Elon Musk has unveiled a SpaceX spacecraft designed to carry a crew and cargo to the moon, Mars or anywhere else in the solar system and land back on Earth...
Read more »

Elon Musk unveils new Mars rocket prototype, expects missions in monthsElon Musk unveils new Mars rocket prototype, expects missions in monthsBillionaire entrepreneur Elon Musk has unveiled the latest iteration of his spac...
Read more »

NASA administrator tells Elon Musk's SpaceX 'it's time to deliver'NASA administrator tells Elon Musk's SpaceX 'it's time to deliver'Hours before Elon Musk is scheduled to host an event about his futuristic rocket concept, the chief of NASA chided SpaceX for delays in its multi-billion contract to fly astronauts to space.
Read more »

Tesla violated labor laws with Elon Musk tweet, judge rulesTesla violated labor laws with Elon Musk tweet, judge rulesTesla violated labor laws by threatening employees when they attempted to unionize, a California labor judge ruled. The company must now hold a meeting to advise workers of their rights, and CEO Elon Musk is required to attend
Read more »



Render Time: 2025-03-04 07:59:18