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Posts Tagged: "Space X"

Private space race continues between Musk’s SpaceX and Bezos’s Blue Origin

A space race has been heating up in the private commercial sector and it involves some of the biggest names in high tech industries. Right now it would seem to most observers that SpaceX has the lead in the private space race, although that lead may not be insurmountable. Blue Origin hasn’t been able to send a rocket into orbit and then land it successful back on the Earth’s surface. For its part, SpaceX just landed its Dragon capsule successfully in the Pacific Ocean yesterday, delivering more than 3,700 pounds of supplies from the ISS including a great number of samples for use in biotechnology, physical science and other forms of research.

Tech News Roundup: Bezos and Musk Square Off, LED ‘Li-Fi’ Internet and VTech Data Breach

Our latest Tech Round-Up here on IPWatchdog takes a brief glance at many of the stories which have caught our attention in recent days. As he often does, Elon Musk takes center-stage in a couple of news items regarding challenges he’ll be facing in the realms of space travel as well as electric vehicles. In Europe, the first successful installation of light-based wireless Internet could be the first step in a new age of Internet connectivity. Data breaches and genetically modified foods round out our discussion of recent events in the worlds of high-tech and science.

SpaceX Falcon 9 failure is a setback to the private space industry

SpaceX and NASA suffered a serious setback when the unmanned SpaceX Falcon 9 craft exploded, rendering its mission to deliver supplies and hardware to ISS a complete failure. Excessive pressure building up in a liquid oxygen tank of one of the craft’s upper stages caused the space launcher to break up shortly after leaving Cape Canaveral, FL. Air Force safety officers gave the command for the SpaceX Falcon 9 to self-destruct, largely so that fuel reserves could be burnt off and not dropped into the ocean.

Government subsidies helped Elon Musk attain $13.3 billion net worth

To Musk’s credit, he has not denied that his companies received substantial government assistance, and it seems as though he’s never refuted the amount of money he has received, which one reporter for the Los Angeles Times pegged as high as $4.9 billion when accounting for public assistance to any of Musk’s companies. In Musk’s mind, the benefits that his corporations pose in the form of new age technologies and well-paying jobs more than make up for the public investment into his business activities. He’s also keen to point out that his companies would still be in business without government assistance, a point that is nearly impossible to prove. Further, he sought to deflect inquiry by pointing out that the incentives his company has received “are a tiny, tiny, pittance compared to what the oil and gas industry receives every year.”