The spacecraft by Space Exploration Technologies Corp. on Thursday landed back on Earth successfully after completing its mission on the International Space Station. It splashed down into the Pacific Ocean near the Southern California coast and completed its trip that lasted for nine days. Its entry into the space and docking with the space station was being critically watched by the experts, as it was the first attempt by a private company to enter into space.
The success of this mission has opened new opportunities for SpaceX as well as other new ventures in the field. NASA would now consider giving contracts to the commercial startups to carry out missions for them. So the private companies would be encouraged to enter the space technology industry.
The founder and chief executive of SpaceX,, is extremely glad at the success of his company’s venture. He looks forward to future accomplishments of his team. He is also considering the option of going public in future after the company establishes itself well in the industry and earns a good reputation.
The recent mission by SpaceX received a positive feedback from NASA as well. The launch and return of the spacecraft was carried out with quite a good level of precision. There were some minor problems in the travel of the spacecraft, but they were not significant enough to affect the mission.
After the first achievement of SpaceX, government of the United States might consider helping commercial ventures into space by giving incentives to these companies. This would enable astronauts to make more discoveries and reach farther into the vast space. The experts at NASA would get assistance from these companies in many of their segments.
Space exploration involves a high level of expertise and therefore it is not an easy business to jump in. New, private companies would have to match strict criteria to become eligible for the license. Also, the human resource for such ventures needs to be very much specialized. All these factors make it challenging for new space companies and therefore the industry is not expected to get on its feet soon.