Tired and sad because of Twitter, Tesla, but Elon Musk is holding a ‘trump card’ that can change the entire aviation industry, exactly the same way it did with electric cars

Tram Ho

According to Fortune, Elon Musk is currently “tired of back pain” with Twitter after buying this social network for $ 44 billion, warning that the business may be about to go bankrupt. Then Tesla also had an unsatisfactory business year, and Elon Musk himself also lost his position as the richest person in the world.

However, this Tesla founder still has another trump card that few people talk about, which can sweep the entire aviation industry like he did with electric cars, that is SpaceX.

In the last year, this Elon Musk startup, known for its reusable rockets after launching into space, made 61 successful launches, a record high for the company and accounting for 34% of the total. Space launches worldwide by both government and private sectors.

In 2023, Elon Musk aims to make 100 flights into space, equivalent to one launch every 3-4 days. SpaceX also aims to successfully launch its newest reusable rocket, the Startship, this February.

Mệt mỏi buồn phiền vì Twitter, Tesla nhưng Elon Musk đang nắm trong tay 'át chủ bài' có thể thay đổi toàn bộ ngành hàng không, giống hệt cách từng làm với xe điện - Ảnh 1.

Contrary to the positive information of SpaceX, the world aviation industry is facing a severe crisis. Space Capital data shows that private investment inflows for this segment peaked at $47.4 billion in 2021 but fell by 58% in 2022. Investors have no experience or expectation of burning money for the business. The new business segment makes more and more people realize that this is not an easy industry to “eat”.

Technological difficulties, huge investment capital and extremely high standards to launch successfully, not to mention the losses if it fails and a series of regulations and permits have created too great barriers for the industry. New private airline.

Clean the yard

The year 2021 is the peak of the aviation fever, and then we will see many airlines wiped out from the industry when the fever passes ,” said Space Capital expert Chad Anderson.

Specifically, investors and companies aiming for too long-term goals such as exploring the moon or building private space stations will go bankrupt. Only businesses that aim for basic goals, ensure profits, and have great demand for a sustainable business model can survive.

The burning period is over and it’s time to see who lives and who dies ,” University of Chicago historian Jordan Bimm, who tracks space technology, told Fortune.

What is surprising is that while investment flows have fallen in 2022 and are expected to stay low this year, the total value of the aerospace industry has increased. Euroconsult figures show the industry has grown by 8% in 2022 and is now worth $424 billion.

Despite the decline in private investment, the government and capital are still willing to pour in here. The most typical example is Astrobotic, a company that develops technology for lunar exploration that has been funded by the US Space Agency (NASA) to develop an autonomous driving system to the moon by 2025.

The leader

However, according to Forbes, although many startups survive when private capital declines, they will also have to confront SpaceX, the industry giant. This startup of Elon Musk is currently not only dominating the space rocket launch segment, but is also lowering the cost per room due to the increase in the number of times.

In 2019, SpaceX launched more than 3,600 satellites into space to build its Starlink Internet network.

In 2021, SpaceX beat Amazon founder Jeff Bezos’ Blue Origin rival, thereby receiving a $ 2.9 billion government contract to help send astronauts to the moon on a Starship rocket. in 2025.

Mệt mỏi buồn phiền vì Twitter, Tesla nhưng Elon Musk đang nắm trong tay 'át chủ bài' có thể thay đổi toàn bộ ngành hàng không, giống hệt cách từng làm với xe điện - Ảnh 2.

According to Fortune, thanks to its reusability and powerful engines, SpaceX can dominate the aerospace segment for decades to come. If this turns out to be true, billionaire Elon Musk will once again have a new source of money besides Tesla to solve the Twitter mess that has caused him “back pain” for many months.

In early 2023, Elon Musk confirmed that Starship will have an important test launch in February after many delays. If successful, this will be an important breakthrough in maintaining SpaceX’s leadership in space launch capabilities, according to aviation consultant Namrata Goswani.

In addition to the rocket launch, SpaceX has also made a name for itself in the industry thanks to the development of the Starlink satellite Internet system.

Thanks to these successes, SpaceX is estimated to have a total value of $ 137 billion and successfully raised $ 2 billion in capital in the past year, thereby becoming a difficult competitor to overcome in this startup segment.

According to Fortune, the dominance of SpaceX leaves companies with only opportunities with niche markets. Boeing, for example, has contracted with NASA to provide the Starliner system for low-atmosphere missions in Earth’s space.

The fact that companies fail to develop rockets does not mean they are unattractive. If businesses find a niche market, investment capital will definitely come ,” said expert Goswani.

*Source: Fortune

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