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SpaceX Is Having a Good Week

Written by Monica Savaglia
Posted January 21, 2020

On Sunday, a SpaceX Falcon 9 rocket lifted off from Kennedy Space Center and exploded shortly thereafter.

Don’t worry; the explosion was planned. It was part of a Crew Dragon in-flight abort test. The purpose of this test was to prove that astronauts could safely escape the spacecraft if there was a launch emergency. Intentional rocket failure was the goal, and the test proved to be a success. 

Jim Bridenstine, a NASA administrator, tweeted:

Congratulations to the @NASA and @SpaceX team for a successful In-Flight Abort Test! This critical test puts us on the cusp of once again launching American astronauts on American rockets from American soil. Spacecraft recovery operations are underway.

SpaceX and Boeing have been working with NASA to send astronauts from U.S. soil to the International Space Station. The last time this was done was back in 2011. A few years ago, SpaceX and NASA launched an uncrewed mission to the station. SpaceX's founder, Elon Musk, described Sunday’s test as “picture perfect,” and said, “I’m super fired up. This is great.” 

Launching people into space has become one of Musk’s business obsessions. The successful test on Sunday has given both NASA and SpaceX confidence for the future. Both are looking at having a crewed mission in the second quarter of 2020, but that’ll depend on more parachute tests and astronaut training. 

Just a few days before this test, Musk was tweeting about his plan to send 1 million people to Mars by 2050. He hopes to build 1,000 starships over 10 years. He tweeted:

Needs to be such that anyone can go if they want, with loans available for those who don’t have money. 

He added that there would be plenty of jobs on Mars. (That’s one way to motivate people to move to the Red Planet over the next 30 years.) Musk is hyper-focused on planning a new civilization beyond Earth in the coming decades. He sees Mars as the future. Some admire Musk’s innovative thinking; others think the idea of living on Mars in 30 years is totally unrealistic. 

I think it’s a little ambitious, but I also believe that a lot could happen in three decades. Launching people into space to start a new life on Mars seems far-fetched, but there are a lot of things that have happened in the past decade that I would have never imagined. Musk’s out-of-the-box thinking is what attracts people to him and his companies. His visions for the future make people optimistic, knowing that someone is thinking ahead in case our time on Earth expires. And this isn’t the first time that he’s pioneered the future for humankind. 

He innovated vehicles and essentially told the everyday consumer what they’ll want from a car, touting something completely unimaginable but, at the same time, tangible and realistic. A driverless is something no one would have imagined, but Musk did, and he’s working on bringing that to the public. 

He’s molding the future into what he believes it will be because it will benefit him. Other companies will follow suit because once you show people the future, it’s hard to imagine things turning out different. Show them the future of vehicles and the idea becomes reality.

Musk has two main focuses right now: Tesla (NASDAQ: TSLA) and SpaceX. He has created a following of dedicated customers and admirers. People are enticed by what Musk comes up with next because he’s Elon Musk — who knows what other ideas he has in his head?

But it looks like Musk might have some trouble when it comes to Tesla. A colleague of mine, Jimmy Mengel, has discovered a new technology that could shake Tesla — and the entire $2.5 trillion electric vehicle market — to its core.

The technology allows for an even quicker charge. I’m talking minutes not hours. It's also 100% emission-free and involves no fossil fuels. It emits pure, clean water. The best part of all: It costs close to nothing. Experts have been calling this technology the “Tesla Killer.” I couldn’t believe it when I found out about it. 

Bloomberg expects this technology to “skyrocket 1,000 times over.” Tesla has a new competitor in town, and there’s good news for those investors looking to be a part of something big: The little-known stock that’s behind this new technology trades just for a few dollars. If you want to learn more about it and the company behind it all — click here for the full story. From the looks of it, this technology could force Musk to start putting most of his focus on SpaceX and his Mars expedition.

Life-changing technology doesn’t come around every day. Take a moment out of your busy day to do something that could change your life forever.

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia

Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.

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