Despite being privately funded by the self made billionaire, SpaceX may acquire some serious cash in the future as Elon seeks to play off his company against rivals–both foreign and domestic.
(Reuters) Musk said he aims to put payloads into space for one-quarter to one-third of what his domestic competitors charge. He said he could beat by one-half the cost of international competitors including China, which he called the biggest potential competitor.
A spokeswoman for the rocket joint venture between Boeing Co and Lockheed Martin, United Launch Alliance, did not return a request for comment.
“I think going public might be some time in late 2009 … something on that order,” he said in a telephone interview from his headquarters in Hawthorne, California.
Reducing the cost of travel will not only guarantee the profitability of the company (not to mention any future stock), but also help set a precedent throughout the industry.
If SpaceX is able to reduce the cost of “rocket-fare,” then humanities chances of leaving the globe en mass will increase slightly, which will hopefully encourage other entrants to do the same.