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How SpaceX plans to finance their adventures to Mars
Elon Musk, the serial entrepreneur, inventor and CEO of Tesla and SpaceX, has created two of the most important and innovative companies ever. Tesla, with their incredible cars and technology, has singlehandedly moved the automotive world towards electrification. SpaceX has invented reusable rockets and slashed the costs to launch satellites, cargo and humans to space.
SpaceX main goal is to help to create a self sustainable civilization on Mars and expand human consciousness beyond Earth. Elon Musk, never shy of thinking big, says he plans to send one million people to Mars by 2050 by launching 3 Starship rockets every day and creating ‘a lot of jobs’ on the red planet. Starship is the world’s most powerful launch vehicle ever developed and should be ready to fly by 2021.
As you can imagine, SpaceX trips to Mars will cost tens of billions of dollars, if not hundreds of billions over the next decades. So how a private company will be able to finance this enormously complicated and expensive endeavour without resorting to taxpayers’ dollars? The answer is as ingenuous, ambitious and brilliant as it can be.
