Download and customize hundreds of business templates for free
SpaceX faces several challenges in perfecting its reusable rocket technology. One of the main challenges is the technical difficulty of landing a rocket back on its launch pad after it has been to space. This requires precise control and navigation systems. Another challenge is the need to drastically reduce the cost per launch, which requires innovations in manufacturing and operations. SpaceX also needs to be able to perform launches on a regular schedule, which requires efficient operations and reliable technology. Finally, SpaceX faces competition from other companies and nations, which puts pressure on them to innovate and improve.
Question was asked on:
SpaceX tested reusable rockets that could deliver payloads to space and return to their launch pads on Earth with precision. If the company can perfect this technology, drastically reduce the price per launch and perform launches on a regular schedule, SpaceX would deal a devastating blow to its industry competitors. These innovations could potentially cripple industry giants of the U.S. military industrial complex such as Lockheed Martin and Boeing. Musk also competed with nations, most notably Russia and China, in the space race.
Asked on the following book summary:
Elon Musk's ascension has been described by experts as the fastest bout of wealth creation in history. So how did he do it? In this book, the inventor...
Download and customize hundreds of business templates for free