WHAT IT IS
- Billionaire businessmen Elon Musk (Tesla) and Jeff Bezos (Amazon) are both attempting to be the first to offer private space exploration tours.
- Jeff Bezos started Blue Origin in 2000.
- Elon Musk created SpaceX in 2002.
- Another notable name in this space race is Richard Branson (Virgin Mobile).
WHY IT MATTERS
Colonizing Mars has become a big trend on the world stage. Even former President Barack Obama promised that America would safely send people to the planet and back. The overall financial impact of Mars exploration is significant, as Musk says a round trip ticket could cost $200,000.
WHERE ARE WE NOW
- SpaceX hopes to launch satellites into space by 2019 in order to offer new internet access on Earth.
- Blue Origin is beefing up operations with more than 50 job openings.
THINGS TO THINK ABOUT
- Could the radiation from Mars space travel scare people off from the idea?
- How accessible can the businesses be with an estimated price tag of $200,000 per round trip?
- Will other countries billionaires follow suit, making this an international space race in the private sector?