Business Wars SpaceX vs Blue Origin | Rise of the Dragon | 4
Jan 20, 2021
In 2009, the race to dominate space begins as private companies step in amid NASA's transitional challenges. SpaceX faces financial strain but launches the Falcon 1, altering private space ventures. Tensions heighten when SpaceX's Dragon encounters docking hurdles with the ISS, spotlighting its agility against NASA's red tape. A major win comes when SpaceX nabs a $400 million NASA contract to ferry astronauts, underscoring the fierce rivalry with Blue Origin as they vie for the future of space travel.
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SpaceX's Near Collapse
- In 2008, SpaceX faced near financial ruin, with both SpaceX and Tesla on the brink of collapse.
- A Falcon 1 rocket was damaged during transport, requiring frantic repairs to ensure its launch.
Falcon 1's Success
- In September 2008, SpaceX launched its fourth attempt to reach orbit with the Falcon 1.
- After previous failures, the Falcon 1 successfully reached orbit, marking a turning point for the company.
Shift to Falcon 9
- The Falcon 1's success attracted larger customers wanting bigger satellite launches.
- SpaceX retired the Falcon 1 to focus on developing the larger Falcon 9 rocket.
