Born in South Africa in 1971, Elon Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. He achieved more success by founding X.com in 1999, SpaceX in 2002 and Tesla Motors in 2003. Musk made headlines in May 2012, when SpaceX launched a rocket that would send the first commercial vehicle to the International Space Station. He bolstered his portfolio with the purchase of SolarCity in 2016. After all these, it doesn’t stop him to achieve new goals and new heights in technology. Started Boring in 2015, and countless public conferences towards colonising mars and interplanetary travels. He works so hard, yet so cool people actually thinks he is the Ironman of this reality, individual thinks he works enough upto an extent but again he works hard beyond ones imagination in achieving his goals.
29 September 2017, SpaceX Chief Executive Elon Musk announced plans to develop a revised version of a reusable interplanetary transport system that he said would be more affordable and versatile.
Musk, speaking before a packed auditorium at the conclusion of the 68th International Astronautical Congress here Sept. 29, unveiled an updated version of the Interplanetary Transport System he announced at last year’s conference in Mexico.
The new version of the reusable booster and spaceship, known collectively only by the codename “BFR,” are scaled down somewhat from that original design, making it feasible for them to serve other markets, like satellite launch, while maintaining the ability to support human missions to Mars as soon as the mid-2020s.
“Probably the most important thing that I want to convey in this presentation as that I think we’ve figured out how to pay for it,” he said early in his 45-minute address, which lacked a question-and-answer session afterwards.
Musk said SpaceX will pay for the new vehicle by replacing the company’s existing Falcon 9 rocket and Dragon spacecraft, and upcoming Falcon Heavy rocket and Crew Dragon spacecraft, with the BFR system. That, he said, will free up resources that can be devoted to production of the boosters and spaceships.
“This is really quite a profound — I won’t call it a breakthrough, but a realization — that if we can build a system that cannibalizes our own products, makes our own products redundant,” he said, the company’s resources can then “be applied to one system.”
Musk didn’t give a timeframe for phasing out the company’s existing vehicles, although he said SpaceX could stockpile some older vehicles for “conservative” customers who would prefer to use them. “But all of our resources will then turn towards building the BFR,” he said. “We believe we can do this with the revenue that we receive launching satellites and for servicing the space station.”
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