China's Space Program Aims To Catch Up With SpaceX

Tesla stock price earnings reaction

Now the trajectory of Tesla is in an orbit that extends and has entered the asteroid belt between Mars and Jupiter.

A mannequin dressed in a "real deal" SpaceX spacesuit - dubbed "Starman" by Musk - is strapped in behind the car's wheel.

Since then, Falcon 9 rockets have completed more than 40 extraterrestrial deliveries and missions for governments and commerce, and led the way in reusable space-tech. The Tesla vehicle, expected to head into orbit around Mars, appears to have taken a wrong turn further into deep space overnight, reports said on Friday. "Usually on a test flight, you put something on it, and so he figured, why not a vehicle from his other company?"

It came with a red Tesla roadster that provided a surreal footage of space, although it overshot its destination - Mars' orbit.

On Tuesday, SpaceX launched the Falcon Heavy rocket, generating fanfare similar to the liftoff of a space shuttle.

As for other points of interest, Elon Musk during Tesla's earnings conference call yesterday shed some new light on the Model Y, a crossover version of the Model 3 that Musk has been teasing for quite a few months now. He's in charge of the carmaker as well as the private space company.

Musk later added that the company will announce additional details regarding its plan with the Model Y within the next six months. The Falcon Heavy is price-listed at $90 million, a bargain in the business of rockets.

"Jon is a world-class leader who brings deep experience as a highly successful entrepreneur and executive", Lyft CEO Logan Green said in an emailed statement. "Thirdly, Space X has already started the development of the Big Falcon Rocket which will dwarf the Falcon Heavy into the next decade (over 100 per cent increase in payload capacity)". SpaceX has planned flights for the the U.S. Air Force and Arabsat, a Saudi Arabian communications company.

Musk noted that SpaceX used only internal funds to finance the Heavy, investing more than $500 million in developmental costs. What? We never said it was a scientifically-accurate spoof. It's a stellar moment for the commercial spaceflight industry - where the possibilities seem boundless, a new frontier after NASA's retreat from space exploration.



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