How big a deal was the success of the SpaceX Falcon Heavy? In 2010, NASA and the Augustine commission determined that it would cost $36 billion and 12 years to develop a heavy-lift vehicle. This meant that the Bush moon program was deemed to be too costly and not practical. SpaceX created a heavy-lift vehicle in six years for less than a billion dollars and it is over 75% reusable.
Entrepreneurial space companies are now completing development in one-third the time for one-tenth the cost.
This seems to demonstrate that reusable rocket technology development previously failed not for technical reasons but for institutional reasons.
Rocket Labs was started by an engineer who raised $300 million. This has reached orbit in New Zealand. New Zealand does not have a space program.
For thousands of years, the oceans and rivers have generated huge wealth from low wealth transport. This has shaped where cities are built and provided a large portion of the world’s economy and shapes global trade.
Now we can have zero-drag space access with point-to-point travel with reusable rockets.
Zubrin observes the new entrepreneurial approach has caused an entrepreneurial surge in nuclear fusion development. Nuclear fusion rockets can be more impactful and useful than nuclear fusion for energy. Nuclear fusion for energy is displacing alternatives for energy using solar, wind, coal etc… Nuclear for energy has to achieve lower cost to develop major new energy advantages. Nuclear fusion for rockets can enable entirely new capabilities like travel up to 10% of light speed.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.