NASA is set to repeat its monumental achievement of putting a human on the moon in 2026 with the help of private companies. One of these companies is SpaceX, founded by Elon Musk, which has revolutionized space exploration through commercial possibilities. In 2023, SpaceX executed an impressive 96 missions at a rate of one every four days.
Another company collaborating with NASA is Firefly Aerospace, which Yahoo Finance recently explored. Firefly is contributing to NASA’s mission through the Commercial Lunar Payload Services initiative, seeking 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 the space industry continues to evolve, it’s crucial to stay ahead of the curve and understand what lies ahead. Yahoo Finance’s NEXT series explores the future, highlighting companies making significant impacts now that will shape tomorrow’s landscape. Stay tuned to Yahoo Finance Live for more insightful analysis and market developments.
