Space exploration forms the majority of the front for the overall development of technology. And Nasa, as a company and a moto is the forefront of the space exploration industry. Its most enthusiastic sponsor being the United States of America, Brought along some challenges over the years. However, they decided to include private American owned businesses to lower the cost of sending astronauts and valuable cargo to space.
1. SpaceX as a company
Elon Musk founded the Space Exploration Technologies Corp in 2002. Its main goals in the space exploration industry are to minimize the cost of space transportation by developing new technologies that can alter the world. The main goal when SpaceX was under development is to have a line of connection between Earth and Mars.
2. SpaceX achievements
Since the company received funding during a campaign in 2008, there was a noticeable development in the production value and the overall workflow that the company reached. By 2012, SpaceX's worth gave an estimate at around 1.3 Billion dollars, five times the initial income needed to start. In the span of the next three years, the company innovated and came up with new projects that set the bar to elevate the space exploration industry.
2.1 The falcon project
The falcon project is the company's pride, and it represents the most astounding innovation of the last decade in rocket engineering. Mainly, the cost of sending a space shuttle out of the planet was very high because the fuel type and the takers were expendable. So what the company decided to do was building a rocket pod that would be substantial enough to have its piloting mechanisms. And along with that concept came the idea of landing the launching pad and using it again to lower the cost of the procedure. It took many trials and errors to calibrate the project to the standards it hoped to live up to, but as of January of this year, the falcon project performed more than 80 trips in and out of Earth's orbit.
2.2 The dragon spacecraft
The substantial piloting pod that holds the crew of humans traveling to space was engineered and designed to fit the method that the falcon one rocket implements in its travels. Its design controls the shuttle with an AI and allows for more accuracy when landing and attaching to another pod, thanks to the laser targeting system.
2.3 Reusable technology
The foundation that the SpaceX program was built on is renewable energy and resources to decrease space travel costs and make it marketable. They created a variety of multi-usage concepts that sit at the core of the company's products. From the cryogenic liquid oxygen that powers their engines to the AI technology that pilots the rockets back to the exact point, it launched from. What that does is give the program an advantage over other space exploration companies in the sense that it makes it easier for agencies to retrieve their cargo.Related: How will the technology of the future change our world?
3. SpaceX technology and the future
There are many ways SpaceX technology influences live on planet earth right now. The company designs are valuable in many different aspects and industries. For instance, the smartphone industry uses its sonar and GPS technology. Other fields like medicine and health use more sophisticated devices like the laser tracing for scanning and eye recovery, and most OLED television use the same technique to render cleaner images. The company led by Elon Musk is keen on traveling to Mars and setting a base. Who knows what other SpaceX technologies can enter the daily life that humans live.
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Originally published on Live Positively.