OPINION: Billionaires In Space

OPINION: Billionaires In Space

OPINION: Billionaires In Space  

By William Jones

NASA’s Monopoly Is Over 

It is now about 50 years since Neil Armstrong, was the first man to step on the moon. But in the era of space travel now dawning, far more of us are destined to join him.  In America’s new space age, NASA’s monopoly is over. The leaders are companies, not countries. And they are about to prove anyone with enough money can become an astronaut. The biggest names in the current space race are three of the richest men in the world, Elon Musk, Richard Branson and Jeff Bezos.

Space Tourism Starts Off Slow

“People want to go to space, people should go to space, because they come back changed,” said Richard Branson, the Virgin-brand billionaire who launched his space tourism business in 2004. From Virgin Galactic’s spaceport in New Mexico, six passengers per flight will rocket more than 62 miles above Earth for the ultimate selfie.  Six hundred people have pre-paid 250,000 dollars for the chance to fly, including 58-year-old Floridian ” It’s my turn, and I’m going,” MaryAnn Barry said. “I do want to see what the Earth looks like from space. I want to have that overview effect experience.”   Virgin Galactic on Sunday July 11, 2021 launched its first flight carrying Branson and several employees on a 53 mile high .  It is just one of many steps needed before it will launch a single paying customer. “It’s taken us fourteen years,” Branson said. “Space is hard. We’ve had our tears. We’ve had our joys. But I’ll tell you what, the joys have been fantastic.”

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Elon Musk’s Bitcoin U-Turn

Elon Musk’s Bitcoin U-Turn:

Nothing But PR & Energy Politics

By Sonnet Gomes

I was so content with my current tiny investment in Cryptocurrency, especially Bitcoin, till last night. When Elon Musk’s Bitcoin U-Turn simply throws me off the edge.

Musk’s Tweet on suspending vehicle purchase using Bitcoin not only struck a boult on me but also my itty-bitty crypto asset. No wonder I was enraged to see the price dropping, and my investment is fading away.

However, it took me a while to come to my senses (thanks to my wife for a late-night Coffee) and realize what is actually going on.

Musk’s Twitter Activity from Last Night

The entire Tweet, I am sure, will amaze almost anyone. Let’s look at a few lines of it first, and then I will dive deep into them.

  • “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel” (O Boy, O Boy! we had no clue about it until the Tweet!)
  • “Cryptocurrency is a good idea on many levels, and we believe it has a promising future” (So Tesla and SpaceX are not dumping all its crypto assets because they are nothing but energy-guzzler carbon-emitting machines)
  • “Tesla will not be selling any Bitcoin, and we intend to use it for transactions as soon as mining transitions to more sustainable energy” (He actually loves Bitcoin and keeping all the digital assets for future use. Wondering what it’s that? Well, the next Bitcoin big selling)

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