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The Key Players in the Space Race

Private organizations are taking over the space industry with their innovative and cost-effective solutions.

The space industry is going through a revolution. Veteran space programs like NASA are turning to the private sector to send stuff into space. This is because private organizations can do it so much cheaper and perhaps better.

But who are these key players in the so-called space race? Well, there's SpaceX of course.

Founded in 2002, SpaceX is focused on producing the most advanced reusable space rockets. Its CEO Elon Musk has launched the firm with the goal of becoming a multi-planet species. Talk about ambition!

Then there's Blue Origin, Jeff Bezos' baby. The company is famously secretive so not much is known about its projects. However, rumor has it the firm is attempting to build its own reusable space rockets.

Up next is Richard Branson's Virgin Galactic. That one is more focused on private space tourism.

Of course, we would be remiss if we did not mention Boeing and Lockheed Martin. After all, these names are synonymous with air travel. The duo is now cooperating under the United Launch Alliance to build Atlas V rockets to launch private and public craft into space.

And that's not all. There are more key players in the exciting space race but you have to watch the video to find out more.

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