Trump-Musk bonhomie could hurt US space industry

According to RT on November 25, the US space industry could be affected by the close relationship between businessman Elon Musk and President-elect Donald Trump.

Politico said that an entrepreneur could create a monopoly in the US space industry and receive large amounts of government funding for his SpaceX company. The main threat to SpaceX's competitors is that Mr. Musk will try to create a monopoly in the private space industry.

Elon Musk has previously stated that Mars is important for human survival in the long term.

SpaceX's rocket development speed is incredibly fast, helping Elon Musk get closer and closer to his dream of bringing humans to settle on Mars in the next 50-100 years.

According to Space, SpaceX is a private aerospace company that transports people and cargo into space, including NASA crews to the International Space Station (ISS). Founder Elon Musk also created and tested the Starship system to land on the Moon and carry people to Mars in the future.

SpaceX has a diverse client base, from the private sector to the military to non-governmental organizations willing to pay to have the company deliver cargo into orbit. While SpaceX makes money from launch services, it also focuses on developing future space exploration technology.