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SpaceX

The Secret Reason Elon Musk Wants to Colonize Mars

Elon Musk

When billionaire entrepreneur Elon Musk founded his private spaceflight company SpaceX back in 2002, he had two goals in mind: to reduce the cost of space transportation, and to colonize Mars. Mars colonization may sound farfetched, but Musk is serious. He hopes to send humans to Mars' surface within 10 to 20 years. Later this year, he'll unveil a Mars Colonial transporter.

While Musk says he wants to go to Mars because he loves tech and it'd be an "awesome" feat, that's not the driving force behind his work...

You see, Musk believes it's the best way to prevent the extinction of humankind.

But from exactly what?

A month ago, one Redditor may have pieced it together...

How to Profit from Elon Musk's "Space Internet"

Elon Musk

More than 3 billion people on Earth still have no or poor access to the Internet. Elon Musk wants to build a network of hundreds of low-orbiting satellites that will deliver high-speed, low-cost Internet to the most remote places on Earth.

But he won't be building this "Space Internet" alone. One tech company is already helping him make his dream a reality.

Here's the company poised to reap big gains by helping Musk...

$1 Billion Google-SpaceX Partnership Will Bring the Entire World Online

Goolge-SpaceX

Updated Jan. 21, 2015: An exciting Google-SpaceX partnership was formed Tuesday evening. Together, the visionary companies will attempt to bring the remaining two-thirds of the globe online...

You see, more than 60% of the world's population is still offline, according to a September 2014 study by McKinsey & Co.

After a day of rumors, the Internet giant and Fidelity confirmed a $1 billion investment in Elon Musk's SpaceX around 5 p.m. ET Tuesday. A source close to the deal said Google valued SpaceX north of $10 billion.

A Google-SpaceX partnership formed late Tuesday. Together, Google-SpaceX will work to bring the remaining two-thirds of the world's population online...

23 Facts About Elon Musk from His Reddit AMA and Beyond

Elon Musk

SpaceX founder and CEO Elon Musk took time out Jan. 5 for an interactive "Ask Me Anything" (AMA) session on Reddit.

Musk, also CEO and founder of Tesla Motors Inc. (Nasdaq: TSLA), and cofounder of PayPal Inc., was peppered with questions from Reddit users. The online Q&A session attracted more than 8,000 comments over a few hours. Questions ran the gamut from personal to technical to trivial.

Why did so many hop on to Musk's AMA? Musk is a visionary. He was at the forefront of the digital payments revolution with PayPal. He shook up the traditional auto market with Tesla's luxury electric car line. He has transformed space travel with SpaceX. Indeed, NASA awarded SpaceX a $2.6 billion contract in September 2014 to transport U.S. astronauts to and from the International Space Station.

Here are 23 facts about Musk, including gems from last week's AMA, to give you a good idea of who this entrepreneur really is...

Next SpaceX Launch Set for 4:47 a.m. ET Saturday

next SpaceX launch

Updated Thursday, Jan. 8: A historic SpaceX launch originally set for Tuesday morning was delayed a minute before liftoff. The unmanned Dragon was to carry 5,000 lbs. of fresh groceries, new equipment, and even Christmas presents to the six astronauts currently on board the International Space Station (ISS).

The landing itself is the historic part. If all goes well, SpaceX will bring its Falcon 9 rocket’s main booster back to a floating platform in the Atlantic Ocean. That requires a pinpoint landing.

Booster recovery has never been done before. If successful, the maneuver would significantly lower the cost of spaceflight – a key SpaceX goal.

Here’s what happened on Tuesday, and a look at the next SpaceX launch…

Investing in Space Stocks: The Final Money-Making Frontier

space stocks

The commercialization of space is estimated to be worth more than $300 billion a year.

Over the past two decades, the role of private industry has grown as that of the government has shrunk, opening up new investing opportunities in the "final frontier."

Here’s what’s behind the rise of private space, and two space stocks to buy to tap into this futuristic cash cow…

New SpaceX Spacecraft Combines Elon Musk's Best Creations

space-x

Last week, the world got a glimpse of how Space Exploration Technologies (SpaceX) Chief Executive Officer Elon Musk is using cutting-edge technology from Tesla (Nasdaq: TSLA), his electric car company, to create a spacecraft.

This is incredible...

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