In its history, the market for an extraordinary product has always been changing.
Initially, the spices were sold by Vereenigde Oost Indische Compagnie to Europe so that Vereenigde Oost Indische Compagnie became the country with the largest capitalization in history, but later turned into the petroleum industry.
The oil industry experienced a boom in the era of the nineteenth to twentieth centuries when Exxon became the largest capitalized oil company in the world.
After the era of the oil and gas industry, the world changed to be energy friendly, so that Tesla, which was founded by Elon Musk, in an instant earned a capitalization of approximately US $ 500 billion and made Elon Musk the second richest person. humans by Forbes magazine.
The capitalization of Tesla, the electric car manufacturer is indeed surprising, Tesla is able to overtake the capitalization of large automotive manufacturers such as Toyota, Honda, Ford, and so on.
Tesla is indeed a pioneer in the electric car industry.
However, Elon Musk is predicted to become the first billionaire of wealth, thanks to SpaceX, the world’s first private spacecraft company.
So far, the rocket and space industries have always been controlled by state companies such as American NASA or Russia’s Roscosmos.
But SpaceX was at the forefront of developing the first private spacecraft, followed by Blue Origin, founded by Jeff Bezos and Virgin Galactic, founded by Richard Branson.
The rocket industry will have the brightest future because rocket is the highest caste industry in technological innovation.
In addition, the world of tourism will change a lot and the space tourism industry has very good prospects.
Many questions arise from where the profits make the rocket industry?
I will review one by one how the rocket company will develop and be commercialized.
- Taking astronauts to the International
Space StationSince 2008, US President Barack Obama has halted a NASA project to use American spacecraft into space.
NASA uses Russian Soyuz instead, and NASA after twelve years relying on Russian Soyuz, starting May 2020 NASA astronauts are brought in to use SpaceX. SpaceX’s main task is to get astronauts to the ISS, and cargo.
Sometimes the spacecraft that are flown not only carry astronauts, but sometimes also carry cargo for the benefit of astronauts on the ISS.
- Launch Satellite
The rocket industry is also very strategically used to launch satellites.
SpaceX owns the Starlink business, which provides broadband Internet services via Satellite with High Throughput Satellite for cheap internet.
Starlink’s vision and mission is to cover the worldwide internet with low-orbit satellites, so that the delay time is also reduced.
- Transportation to all corners of the world in less than an hour
The rocket industry is not only growing for space purposes, but also growing for world transportation.
By using a rocket, airplane passengers will be able to reach the entire world in less than an hour.
- Travel to outer space
Currently there is a new tourism trend, namely to outer space.
Space tourism is still very expensive right now, but one day I believe it will be cheaper and more affordable for the middle class when competition and innovation in the rocket industry is ongoing.
- Mining for minerals in Asteroids
Sergey Brin, one of the founders of Google, once said that one day Google will be a company that mines minerals in asteroids.
With innovations like this, depletion of natural resources can be overcome by mining in space.
The development of the rocket industry has many benefits, including making the military industry, which mostly uses smart missiles, can hit targets accurately. However, for private companies, the five things above are likely to be applied.