Tesla and Space X – The Rise (Short Documentary)
Tesla and Space X – Elon Musk had jumped with joy after the successful SpaceX launch. He may as well have jumped once again as the SpaceX founder’s image boost possibly rubbed off on Tesla. A company he first invested in and then took over as CEO. As CEO of SpaceX and Tesla, founder of The Boring Company, and cofounder of OpenAI and Neuralink. Musk seems to be everywhere all at once, pushing all kinds of futuristic technologies. He’s said he won’t be happy until we’ve escaped Earth and colonized Mars.
Between space rockets, electric cars, solar batteries, and the billions he’s making along the way. Musk is basically a real-life Tony Stark. This is why he served as an inspiration for Marvel’s 2008 “Iron Man” film. But it hasn’t always been smooth sailing for Musk. Here’s how he went from getting bullying in school to becoming a small-time entrepreneur. And eventually the CEO of two major companies that seem like they’re straight out of science fiction. And how he almost went broke along the way. This is an update to an article originally published in August 2016. Katie Canales contributed to an earlier version of this story.
Tesla Stock and Space X’s Reputation
Tesla’s stock on Monday rose significantly just days after SpaceX’s historic launch to put two NASA astronauts into outer space. Elon Musk, the man in charge at both Tesla and SpaceX. Received a credibility boost of sorts after the successful launch which may have helped the electric car-making company outpace the market.
Tesla stock price reportedly rose by almost 8% by the end of the trading session on Monday. Just two days earlier, on Saturday. SpaceX managed to successfully send two astronauts on board Falcon 9 rocket into outer space. The Crew Dragon capsule would eventually, and successfully, dock at the International Space Station. This was a historic development. Because it was for the first time that a commercial spacecraft brought astronauts to the ISS.
Elon Musk thinks and acts on a larger, more cosmic scale than we’re customizing to from entrepreneurs. Musk has become a household name synonymous with the future. Whether he’s working on electric vehicles (Tesla) or sending rockets into space (SpaceX), his larger-than-life reputation attracts its fair share of attention and scrutiny. His main projects take on almost every major industry and global problem conceivable and imagine a disruptive fundamental rewiring of that space or sector.
Breathe The Success – Tesla and Space X
Musk had jumped with joy after the successful launch. He may as well have jumped once again on Monday as the SpaceX founder’s image boost possibly rubbed off on Tesla, a company he first invested in and then took over as CEO. Tesla stocks have made noticeable gains over the last several months and reports suggest that good times could continue despite the challenges staring the global automotive industry due to the Covid-19 pandemic.
Some of the reasons cited include the development of a million-mile battery that could eventually ensure Tesla cars become more affordable than ever before while allaying fears emanating from a possible lack of supporting infrastructure for electric vehicles. Another reason is that Musk has been pushing up Tesla’s production at its US plant. While Covid-19-related shutdown did cause work suspension in the company’s plant in Fremont (California), Musk got his way after a bitter verbal duel with local health officials.
Then there are Tesla’s massive strides in the Chinese automotive market which registered positive figures for the second straight month in May. While there have been many who have also predicted a ‘boom and bust scenario, Tesla stock prices have largely remained in the green so far and could possibly stay there in the foreseeable future.
More about Space X
SpaceX, the company started by South African-born entrepreneur Elon Musk was just a few years old. Musk had lofty ambitions about bringing down the cost of spaceflight by re-using space hardware and settling humans on Mars. “SpaceX was founded to make life multi-planetary,” says Jessica Jensen, director of Starship mission hardware and operation at SpaceX.
But, she adds: “We were a very small company for several years. So we had to look for opportunities – how do you go from being a small company to actually putting people into orbit. When Nasa came out with the need to fly cargo to and from the International Space Station, we jumped on that.”
Nasa Cargo Event
Tesla and Space X – SpaceX was shortlisted for evaluation under the Nasa cargo programme in 2006. But by 2008, SpaceX and Tesla, the electric car manufacturer in which Musk had invested, were running low on cash. Musk was faced with an impossible choice: “I could either split the funds that I had between the two companies or focus it on one company – with certain death for the other,” he told Business Insider in 2013. “I decided, in the end, to split what I had and try to keep both companies alive. But that could have been a terrible decision that could have resulted in both companies dying.”
Fortunately, on 23 December 2008, Nasa awarded SpaceX with a $1.6bn contract to ferry cargo and supplies to the ISS. Describing his reaction, Musk said: “I couldn’t even maintain my composure, I was like: ‘I love you guys.”The company’s Dragon 1 capsule could carry cargo and supplies, but not humans. Nevertheless, it represented a milestone for the company. In November 2008, Barack Obama had been elected president. His administration kicked off a review of the human spaceflight programme, which led to the cancellation of his predecessor’s plan to return to the Moon (known as Constellation).
The Administration – Tesla and Space X
However, the Obama administration favoured the continued commercialisation of space, backing the development of private crew vehicles. But it would take time and, after the space shuttle was retired, Nasa had to fill the gap by paying Russia tens of millions of dollars per seat to fly its astronauts to the ISS on the Soyuz vehicle, which launches from Baikonur in Kazakhstan.
Congress was initially sceptical about the Commercial Crew Program and did not provide sufficient funds at first. But Charles Bolden, the former astronaut who took over from Griffin as Nasa chief under Obama, persisted and eventually secured the support he needed. From their initial $50m investment in the programme in 2010, the space agency whittled several competing companies down to two – SpaceX and Boeing in 2014.
Since then, they have been refining and testing their spacecraft designs. In March 2019, SpaceX performed a triumphant launch of the Crew Dragon without astronauts. Using automated procedures, the capsule successfully approached and docked with the space station. It was carrying a mannequin called Ripley – after Ellen Ripley, the protagonist in the Alien movies – decked out with sensors to measure the G forces experienced during flight, particularly the launch and return phases.