Today, September 28, 2008, a rocket developed by the private startup company SpaceX was launched from Kwajalein Atoll in the South Pacific, and eight minutes later passed above the International Space Station.

Although NASA is quite capable of putting rockets into space, and Burt Rutan’s cleverly designed space plane Space Ship One previously reached the edge of space, this is the first privately owned company to develop and launch a rocket into space. It was actually the fourth attempt by SpaceX, which has pursued the goal with admirable persistence.

Here’s a video:

Link: http://www.youtube.com/watch?v=To-XOPgaGsQ

Finally NASA has some private competition (and a new supplier, since NASA is a customer of SpaceX).  As Burt Rutan, designer of Space Ship One, has explained, the rise of a private space industry is very important for the future of space exploration:

Link: http://www.ted.com/index.php/talks/burt_rutan_sees_the_future_of_space.html

SpaceX was founded by Elon Musk, who also founded a company that merged with Paypal and is chairman of electric car company Tesla Motors. SpaceX’s vision is to make space transportation ten times cheaper and more reliable. SpaceX’s rocket already is far less expensive than any equivalent government program: just $7.9 million. A portion of the rocket is designed to be reused after each launch, reducing potential cost further.

The door to space has just opened a bit wider …

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The critical variable for measuring progress in the effort of humankind to get into space is examining how much currency it takes to take a certain amount of mass into orbit. The more efficiently it can be done, the less humanity will be shackled to one planet.

For a long time space travel has been thought of as so expensive that it was the province of governments. Yet governments are notoriously bad at spending money to undertake revolutionary or even evolutionary innovations.

Private space travel is going to put some shame into the debacle that is government funded space travel. Far less money, far more impressive results. Burt Rutan designed SpaceShip One (http://www.scaled.com/projects/tierone/), a private space ship that reached into the boundary of space. Here he is explaining why government funded space travel sucks at innovation: http://www.ted.com/tedtalks/tedtalksplayer.cfm?key=b_rutan

Now Elon Musk’s SpaceX rocket, which greatly decreases the cost of getting to space, has launched successfully enough to prove that rockets much cheaper than the prior state of the art can reach space: http://crunchgear.com/2007/03/20/spacex-successfully-launches-falcon-1-rocket/#more-5140

These achievements are important not just in themselves, but for the new capital, new ideas, and new entrepreneurs they will attract into the quest to reach for the stars above.

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