May 21, 2018

SpaceX to build its massive BFR in Los Angeles

18 April 2018, 05:01 | Camille Rivera

Companies SpaceX’s Valuation Takes Off Once Again

SpaceX’s Valuation Takes Off Once Again

SpaceX has had success recapturing the first stages of its Falcon rockets, refurbishing them and using them for multiple missions, but it has yet to attempt to land and reuse a second stage.

While Musk has admitted he knows the plan sounds "crazy", he hasn't shed more light on the subject, only noting that a balloon would drop the stage's ballistic coefficient - the ability to overcome air resistance during flight - and preserve its shape while travelling at different speeds.

The aerospace engineering company is looking for new ways to make their rocket components reusable in order to bring down the cost of its missions.

These include the use of fins, engine burns, and landing legs. Musk said that the BFR spaceship will be launched in two parts and will carry 100 people and 150 tons of cargo into space. You can watch that launch live on at 6:30 p.m. EDT (2230 GMT) today.

The TESS mission has opportunities to launch through April 26 (except April 22) before NASA's Launch Services Program, based at Kennedy Space Center, would shift its focus to a planned May 5 launch of the InSight Mars lander from California on a United Launch Alliance Atlas V rocket.

When speaking at a space conference about a refurbished SpaceX rocket, SpaceX President and COO Gwynne Shotwell said that "it was substantially less than half" the cost of building a new rocket booster. Yet they can not equal a landing using a giant party balloon, according to Musk. "Need to retarget closer to shore & position catcher ship like Mr. Steven". In March 2017, SpaceX successfully relaunched a used rocket into space and then landed the expensive equipment back on Earth.

Increasingly competitive pricing - along with a reliable Falcon 9 rocket - have made SpaceX an attractive rocket vendor to the likes of NASA, private companies, and other nations.

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