This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SpaceX: Tech's Final Frontier

NEW YORK ( TheStreet) -- Even though it's not in a galaxy far, far away, people with deep pockets may be able to travel into space without the aid of NASA in a few years.

SpaceX, the privately held space transportation company run by Elon Musk Tuesday launched its Falcon 9 rocket, carrying the Dragon capsule into space.

Aside from just being able to successfully launch a rocket -- no small feat -- this marks the first time a private company has sent a spacecraft into space. The rocket plans to dock at the International Space Station (ISS). After the Dragon capsule circles the Earth, it will have to perform a series of tests to determine if it can dock at the ISS.

Musk and SpaceX are trying to disrupt the space industry the same way he has taken on the payments and automobile industries. The company sees an opportunity in tackling space travel as NASA turns its attention and focus towards deep-space missions to land probes on asteroids and Mars.

Musk, who will turn 42 in June, is the CEO and Product Architect of Tesla Motors (TSLA - Get Report). He also co-founded PayPal which was later sold to eBay (EBAY - Get Report).

The world is watching with SpaceX being one of the top trending topics on Twitter following the launch on Tuesday.

The Dragon rocket is designed to carry up to seven astronauts, and may start to bring astronauts into space as soon as 2015, assuming this mission goes as planned. Company officials say missions like this will help gain valuable insight, research and flight experience towards achieving that goal.

SpaceX has already launched the Falcon 9 rocket three successful times, and a lot is riding on this trip. Should this mission prove successful, the company has a contract with NASA valued at $1.6 billion for 12 more missions.

Interested in more on Tesla? See TheStreet Ratings' report card for this stock.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
EBAY $57.63 0.00%
TSLA $185.00 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs