SpaceX, founded by Elon Musk, has revolutionized space exploration with its new commercial possibilities. NASA’s upcoming Artemis missions are set to put a human on the moon in 2026, marking over 50 years since the last moon landing. Unlike previous missions, NASA is receiving assistance from the private sector.
Firefly Aerospace is another company collaborating with NASA on the Artemis missions through the Commercial Lunar Payload Services initiative. Firefly aims to establish reliable transportation to the moon for supplies and research. Later this year, Firefly will attempt an unmanned lunar landing with their Blue Ghost spacecraft, supported by a $112 million contract from NASA.
While Firefly continues its collaboration with NASA, it is also gearing up for increased commercial opportunities in the space industry. The sector is projected to grow to $1.8 trillion by 2035, and Firefly aims to position itself as a comprehensive space transportation company. This includes manufacturing rockets, developing orbital vehicles, and designing landers like the Blue Ghost in partnership with Northrop Grumman.
As companies continue to innovate and explore new possibilities in space exploration and commercialization, it is essential to stay ahead of the curve and understand what lies ahead. Yahoo Finance’s NEXT series explores the future of these companies and their impact on tomorrow’s landscape. Stay tuned to Yahoo Finance Live for more insightful analysis and market developments in this exciting field of space exploration and commerce.
