Elon Musk has done it again! If you have been following the Herman Trend Alert, you probably saw my previous coverage of Musk's ambitious plans? "To Mars and Beyond," January 31, 2019. Part of the problem was the cost of the rockets to fly the cargo into space to properly equip the space explorers. Now, it seems that Musk has devised a solution---a relatively low cost per rocket flight---somewhere around $2 million USD. In the past, the price tag for this operation was tens of millions of USD.
One Problem Solved
During a recent discussion at the United States Air Force Base in Los Angeles, CEO Elon Musk told Lieutenant General John Thompson, commander of the US Air Force Space and Missile Systems Center, that he believes his operational costs will probably be around $2 million USD per flight, including the cost of fuel and oxygen at around $900,000. Compared to the normal cost to fly cargo into space, this price is extremely low.
The Added Benefit of Using Oxygen and Methane Fuels
Ultimately, SpaceX wants to reduce the cost of rocket launches, so that they will be more accessible. This significant reduction will contribute towards the company accomplishing its goals of building bases on the moon, Mars, and beyond. Moreover, the use of liquid oxygen and methane as fuel means the astronauts could refuel on Mars to travel on even more ambitious missions.
Cargo into Space to Build the First Mars Colony
SpaceX's Starship is designed to transport at least 100 metric tons into Earth orbit. Although the rocket is going into space, it would only cost around four times more than a conventional, sub-space air transport in terms of operation. Musk said this discrepancy was due to SpaceX's focus on creating reusable rockets. Without these reusable rockets, the cost is much greater. Based on Musk's figures, A Starship would cost around $20,000 USD per ton of cargo. Previously, Musk had suggested the cost of sending one ton of cargo to Mars could be around $100,000 USD at the low end. Thus, building a city with one million tons of cargo would cost $100 billion---although suggested the amount could be as high as $10 trillion USD.
On Schedule for the Future
This reusable rocket was an important piece of Musk's Mars and Beyond Goal. We expect this reusable rocket technology to be in demand for other payloads into space as well.
© Copyright 1998-
by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 1.336.210.3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."
HEAR JOYCE SPEAK TOMORROW AT 11:30 AM EDT
Tomorrow morning, Joyce will be a Fireside Chat Speakers at the Brightside Business Women Empowerment Virtual Conference where she will talk about how business women can use the insights from her new, groundbreaking book, EXPERIENCE RULES, to be successful. Register for FREE at https://brightsideglobaltrade.org/women.
GET COACHING FOR YOUR PEOPLE FOR LESS THAN $1/DAY!
Gain access to dozens of coaches for the same low price. Find out more by visiting https://ingomu.com/joyceg
JOYCE IS ON THE RADIO EVERYDAY NOW
To listen to Joyce's TV shows on the radio, simply visit RadioFutures.com. Joyce's show is streaming every day at 3:00PM Pacific Time.
To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_3-29-2023.html.
Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.
New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.
Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.
Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts