SpaceX was created to explore the possibility of human colonisation of other planets, especially Mars, and also to come across low-cost procedures for space exploration and travel.
A SpaceX Falcon Heavy rocket lifts off from historic launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Thom Baur - HP1EE27008RO6

Even the most effective usable rocket to have already been devised, Falcon Heavy, using its own reusable boosters, has the ability to lift almost 1,41,000 lbs of payload into orbit in a record low price — at $1300 per kg of payload, as contrary to the shuttle $60,000 per kg.

Since the start of space exploration, it’s just been government agencies such as the National Aeronautics and Space Administration (NASA) in the USA which have led discoveries and inventions. The Falcon Heavy launching is monumental especially since it’s a manifestation of the future looks like for personal sector-led invention in distance, really the final frontier left for humanity to conquer. The US has enabled personal competition to flourish within this area, and we are witnessing cutting competition involving the likes of Elon Musk and Jeff Bezos, fighting to discover cost-effective tactics to detect and unravel this last frontier.

The Indian Space Research Organisation (ISRO) was created just twenty five years following NASA, but our nation’s fiscal constraints are a barrier at spearheading the type of invention that NASA has been showcased. But since of these very constraints, we’ve often been made to discover innovative approaches to browse around them so as to remain competitive. The Mars Orbiter Mission is an instance in point. To be able to overcome technological shocks and function to a record-low budget, ISRO utilized the Hohmann transfer orbit system, better called the “slingshot” method, in which the Mangalyaan was forced to orbit round the Earth six days to collect the pace to be catapulted towards Mars.

ISRO has made international headlines a few times with their effective deployment and implementation of such assignments, directed by a gifted and innovative pool of scientists and engineers. I see no reason why India can not in least piggyback with this revolution in the usa and the world, or even to launch businesses rivalling SpaceX, to change the nation into a hub for study.

SpaceX

SpaceX is only the start, and we could expect to see a huge business for space mining to blossom within another few years, from colonisation of planets to drilling asteroids and everything in between. There’s time for India to do it in spearheading a few of those inventions and become significant players in the space market.

The debate that space travel or exploration is a niche market in India doesn’t hold, since it’s really a international market that transcends geographic and national boundaries. It’s not tough to imagine why those firms were birthed in Silicon Valley, provided its competitive benefits and inherent efficiencies like test markets and so on. These products were created for the American customer and then substituted to match the preferences and practices of different niches.

Innovation in space isn’t subject to conventional business practices. You are constructing a product not to get a single market, but for humanity as a whole. This is essential because creation could stem from any region of the Earth, it can appear from within India itself. Our talented pool of aeronautical and aerospace scientists and engineers have the capacity to draw global capital and direct innovation without needing to compete with Silicon Valley, since they need to cater to international demand rather than the Indian economy especially.

The platform is already set for India to take advantage of the burgeoning marketplace — ISRO has an intriguing space application, many Indian start-ups are trying to penetrate this current market, and also for the very first time, the private industry is poised to direct efforts in space exploration and journey. India has the capability to participate in beating this last frontier and compete with the US, as well as overtake China and Russia since we have a far stronger private sector compared to the latter.

Since coders and IT men slowly get substituted with artificial intelligence, the distance industry might well end up being another revolution into re-energise services, employment and manufacturing in the nation.