Commercial Spaceflight And The Dawning Age of NewSpace

Musk’s SpaceX, Orbital ATK Split $14 Billion Pact With Newcomer

Elon Musk faces a fresh challenge from a newcomer with a reusable spacecraft after NASA split a cargo pact valued at as much as $14 billion between his SpaceX venture, Orbital ATK Inc. and lesser-known Sierra Nevada Corp.

SpaceX and Sierra Nevada are at the vanguard of companies seeking to reuse expensive craft to squeeze costs so spaceflight becomes more affordable for consumers. Sierra Nevada is designing a winged orbiter called Dream Chaser that would touch down on commercial runways following missions, while SpaceX’s Dragon capsule aims within a few years to touch down upright on land rather than splashing in oceans.

Sourced through Scoop.it from: www.bloomberg.com

See on Scoop.itThe NewSpace Daily

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