Amazon announced similar plans to Musk’s SpaceX to provide high-speed internet connectivity to underserved global communities.
A record $3.2 billion flowed to the sector, driven by investments in both early-and-late stage startups.
The move is a challenge to industry giants like SpaceX and OneWeb.
The model is more akin to a venture capital firm, according to NASA Administrator Jim Bridenstine.
The probes were reportedly launched after Musk smoked marijuana on a U.S. podcast.
Tesla CEO Elon Musk may lose security clearance after smoking marijuana on podcast.
The US space industry is valued at $18 billion, but experts say many startups could soon fail.
This latest, flashiest Dragon is on a fast track to reach the space station Sunday morning, just 27 hours after liftoff.
Israeli startup SpaceIL is partnering with Elon Musk’s SpaceX to launch the first private lunar lander to the moon.
In December, The Wall Street Journal said SpaceX was set to raise another $500 million.
The successful launch marks a record-breaking accomplishment for the Elon Musk company.
Lockheed Martin was among one of the companies chosen to compete for the contract.
From building cars to traveling to space to artificial intelligence this billionaire truly does it all.
Maezawa will be first person to travel to the moon since 1972.
He or she will be the first human to fly around the moon since 1972.
The eccentric billionaire hopes his latest invention can become more mainstream after Thai rescue offer.
The Tesla and Amazon CEOs are each pursuing private space technology ventures.
The $200,000 Roadster is scheduled to begin production in 2020.