Breakingviews

SpaceX flameout hardly heralds failure

June 29, 2015

Space flight is like the venture capital industry in reverse: Most launches succeed, but a prominent few explode spectacularly. The formidable barriers to entry, rivals’ similar failures and SpaceX’s relatively low costs mean Elon Musk’s company remains on the right trajectory.

Space mining plan more than just sci-fi fantasy

April 24, 2012

A U.S. company’s plan to scour asteroids for precious metals sounds bonkers. Its success depends on huge technical leaps and stratospheric prices. But even if the project never returns a single rock to Earth, the innovations it spawns could reward its billionaire backers.