The space-tech business is at a standstill until Elon Musk-backed SpaceX sorts out its awkward launch-pad explosion. In September, the private US company was forced to suspend rocket operations, pending completion of a public-private investigation. There is enormous pressure to resolve the matter. Washington needs the company, alongside a few others, to expand its space and military programs; the State of Florida is relying heavily on SpaceX to rebuild a gutted economy at Cape Canaveral; multinationals and foreign governments have few satellite-launch alternatives. The good news this week is that SpaceX should soon be back in the launch business. That milestone will reignite venture-capital flows into the overall space-tech sector, suggesting brisk developments in the industry over the year ahead. ■
Learn more at Wired
© 2016 Cranganore Inc. All rights reserved.
Unauthorized use and/or duplication of any material on this site without written permission is prohibited.
Banner Image: Bratovanov at Can Stock Photo Inc.
Required Notification: The website sponsor is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.