Boeing, Musk space windfall

17 September 2014 - 02:19 By Bloomberg
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GALAXIES IN HIS EYES: Elon Musk, CEO of SpaceX and Tesla Motors, makes Hollywood's Tony Stark look like an underachiever. His ambitions are cosmic in their scope and he has the technological and business acumen to make them happen Picture:
GALAXIES IN HIS EYES: Elon Musk, CEO of SpaceX and Tesla Motors, makes Hollywood's Tony Stark look like an underachiever. His ambitions are cosmic in their scope and he has the technological and business acumen to make them happen Picture:
Image: ANDREW HARRER/BLOOMBERG VIA GETTY IMAGES

Boeing and Pretoria-born Elon Musk's Space Exploration Technologies Corporation will share a multibillion-dollar contract to help restart US manned space flights.

The funding is for the right to build the first US-manned craft since Nasa retired the space shuttle fleet in 2011.

Nasa now uses Russian rockets to get people to the International Space Station. Boeing and SpaceX competed with Sierra Nevada Corp.

Nasa is charting a new direction 45 years after sending humans to the moon, looking to private industry to take over human missions near Earth with reusable craft.

Commercial operators will develop space tourism while the agency focuses on far-off missions to Mars.

Spending on the programme may reach $3.42-billion by 2020.

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