project will be paused. What’s more, both China
and Russia have conirmed their plans to build
a base on the moon by 2035, with their rival
missions and projects expected well before
that date.
In October, SpaceX made history after
reaching a market valuation of $100 billion.
For perspective, Biden’s 2022 budget allocates
$24.7 billion to NASA. SpaceX is now considered
the second-most valuable private irm in the
world, according to CB Insights, behind China’s
Bytedance and jumping past intech irm Stripe,
and as it looks to further invest in the future of
space with its Starlink scheme (the broadband-
by-satellite low Earth-orbiting constellation is
already thought to be worth $80 billion on
its own) and several government and private
contracts, the future looks bright for SpaceX.