AutoMatters & More: SpaceX & a Tesla Roadster Proclaim a New Space Race!

SpaceX launch Tesla Roadster on the Falcon Heavy

SpaceX launch Tesla Roadster on the Falcon Heavy

On Feb. 6, Tuesday, Elon Musk's SpaceX successfully launched Falcon Heavy megarocket after being delayed for four years.

It's easy to forget that, just last month, SpaceX apparently lost a top-secret government satellite in a mysterious incident that may or may not have been all Northrop Grumman's fault. Of course, Musk brought up the launch of the Tesla Roadster by SpaceX as some measure of Tesla's ability to produce a vehicle in a timely fashion saying, "if we can send a Roadster to the asteroid belt, we can probably solve Model 3 production".

Cameras were mounted on the auto as they fed the stunning video of "Starman" making its way around Earth.

Moreover, the development costs of the Falcon Heavy were also considerably less than similar rockets being designed around the world.

US President Donald Trump congratulated Musk for the launch. Musk, too, has learned that he can distract from setbacks with new spectacles.

The company has been spending heavily as it rolls out the next generation of electric cars, the Model 3 sedan, a semi truck and other products. But what investors are likely most excited by is the new set of promises the company is making.

"Model 3 ramp has demonstrated the difficulty of accurately forecasting specific production rates at specific points in time", the company said in an update to shareholders. Follow Kelly on Twitter.

SpaceX launch Tesla Roadster on Falcon Heavy
SPACEXSpaceX launch The electric sports car will fly through space for one billion years

Through his sensational entrepreneurial endeavors, Musk has given Americans a taste of science fiction, but he's also found ways to leverage that excitement into funding opportunities.

On Tuesday, Elon Musk had a Tesla Roadster launched toward an orbit around the sun.

A public company is one that has shares that trade on the open markets. Going by the irony and irreverence marking this endeavour, one is nearly tempted to forget that the successful launch of the Falcon Heavy is simultaneously a great leap for mankind.

Putting the Model 3 into mass production is a critical task for Tesla and Musk, its chief executive.

The rocket was SpaceX's largest to date and the largest launched in the United States since the 1970s, and Musk repeatedly warned about the potential for failure before the launch.

The Science and Technology Department says it's very proud of the work of South African-born innovator Elon Musk.

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