The cost of a Falcon 9 launch is roughly $62 million, according to SpaceX’s website, with modest discounts available for contractually committed, multi-launch purchases. SpaceX’s rockets are designed for reuse, with rocket reusability now seen as key to making space travel affordable. SpaceX celebrated its first launch using a previously flown booster in March and regularly recovers the rocket’s first stage on land or on "drone ships" at sea.

SpaceX has completed 13 launches so far this year and has several missions on its manifest, including back-to-back launches slated for October 7th and October 9th. Musk said the first test flight of Falcon Heavy, a far more powerful rocket capable of heavy payloads and sending paying space tourists on a flight around the moon, will occur "hopefully towards the end of the year," but that date has already slipped several times.

It appears that the BFR, which is in development, would ultimately replace the Falcon 9, the Falcon Heavy and the Dragon spacecraft, which currently ferries supplies to the International Space Station.

Red Planet

Mars is no longer the stuff of science fiction. Mars exploration got an enormous boost in August 2012, when NASA’s Curiosity Rover landed on the Red Planet. The robotic vehicle continues to transmit breathtaking, high-resolution photographs of the dune-and butte-filled landscape to the delight of scientists and Curiosity’s 3.8 million Twitter followers.

Still, human colonization of Mars won’t be easy. Getting there will take several months, with unknown risks to the human body and psyche. Even if space explorers survive the 155 million-mile journey and subsequent first-ever manned landing, they would need to get to work immediately to create a habitable atmosphere, find water and produce the fuel needed to propel the rocket ship homeward. And Musk is famous, in part, for his aspirational timelines.

"SpaceX is in the business of making the impossible possible," said Phil Larson, a former space policy adviser to President Barack Obama who worked for SpaceX and is now at the University of Colorado-Boulder. "Using the same principles, and diverse funding approach, that have taken them from their first launch 9 years ago to where they are today, it makes this seem within the realm of possibility."

Musk has a busy agenda while in Australia. Later Friday, he will attend a Tesla Energy event at a wind farm. Tesla is selling its lithium ion batteries to utilities eager to find ways to integrate renewables like solar and wind with their electric grids.

This article was provided by Bloomberg News.

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