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How will private spaceflight companies change the future of space exploration?

Space exploration is such a domain wherein joint efforts from both the Government and the private sector are equally important for developments in the future.

How will private spaceflight companies change the future of space exploration?

Space exploration is such a domain wherein joint efforts from both the Government and the private sector are equally important for developments in the future.

The Present Scenario: It is a common generalisation that it is the government agencies like NASA that have sent all the important space missions. The private companies on the other hand are the actual ones that have had the monopoly in designing and manufacturing of all the parts of the spacecrafts. This collaboration not only reduces the economic strain on the government and its Space agencies but also increases the developments to a larger scale and with increased efficiency.

New Innovations: There is no dearth of innovative ideas to work on for implementing the future of space exploration. The main principles to keep in mind are that the cost should be minimised and efficiency should be maximised. Reusable rockets were previously a thought to be worked upon. But now the private space agency, SpaceX is responsible for twice successfully landing a recycled rocket. Recent developments to start working on include an advanced interplanetary transport system, an interplanetary and global communications system of networks and so on and so forth.

Aspects to be covered: Public contracts and commercial bonds are equally important for contributing to the future of space exploration techniques and technologies. Funding through venture capital combines deals and treaties with the military, government space agencies and so on contribute to the economic resources. Elon Musk, the CEO of SpaceX, for example intends to keep his company totally private until and unless his Mars Transporter spacecraft starts flying regularly.

Failures, but not obstacles: Accidents occurring in space exploration missions are no strangers. Private companies are often more prone to such accidents than the government space agencies. Space X for instance was witness to many accidents all over its lifespan. The accidents range from post-launch explosions to projector crashes into the satellites outbound the Earth. A quote vivid example would include the accident win a ticket cracking into the Facebook’s satellite, totally shrouding the rocket and the satellite into flames. Such events often force such companies into hiatus. However, they are always paving stones for the next success.

SpaceX has laid down its aim to send a minimum of two citizens into space by 2018. However, futuristic explorations in space lie in the hands more of space agencies than the government, and are in safe hands to say the least.