SpaceX faces a surprising rival Tesla is already battling

Elon Musk wears many hats.

As an unofficial member of President Donald Trump's cabinet, Musk once went to a cabinet assembly to fabricate that level painfully sure.

His most vital asset is Tesla, the trillion-buck electrical car maker/AI/driver assistance gadget company. He owns 13% of the company and is its CEO.

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Musk also owns xAI, the company that is now the father or mother of X, formerly identified as Twitter, and its Grok AI assistant. Musk is also a co-founder and major stakeholder in Neuralink and the Boring Firm.

On the opposite hand, Musk's other most vital asset is SpaceX, the reusable rocket company that has helped revolutionize space whisk.

SpaceX is valued at $350 billion after a secondary part sale in December. Based on a file, the company and investors bought $1.25 billion shares at $185 a part.

Nonetheless legendary hedge fund manager Cathie Wood expects the company to be worth $2.5 trillion by 2030.

Ark also forecasts that SpaceX may hit $1 billion in Mars resources by 2030 and presumably $1 trillion by 2040. Mixed with Musk's other corporations, Ark forecasts a total worth of $10 trillion by the decade's pause.

On the opposite hand, exact as increased competition is eating into Tesla's market part, SpaceX is also seeing a lot extra competition in the distance bustle.

Now, one amongst Tesla's best rivals on the avenue appears to be like to be take care of this may occasionally changed into a giant thorn in Elon Musk's facet — in space.

Honda debuts reusable rocket in elegant video

Reusable rockets fetch revolutionized space exploration by bringing down the costs exponentially.

In want to losing rockets to the ocean after they're disengaged, take care of earlier generations did, reusable rockets ship their payloads into low Earth orbit prior to securely returning to Earth for later reuse.

SpaceX — based in 2002 and launching its first rocket, Falcon 1, in 2006 — has helped revolutionize space.

Nonetheless now Honda Motor Co. (HMC) is bringing some new competition to the market. On June 17, Honda R&D Co., the study arm of Honda, performed a winning commence and landing check of its reusable rocket.

The 20-foot-long capsule landed safely support interior about 14 inches of its target landing level after rockets pushed the nearly 3,000-pound payload virtually 889 toes off the floor for 56 seconds of flight.

It changed into Honda's first commence and landing check, and in step with the video, it changed into a smashing success.

NEWS: Honda this day performed its first takeoff and landing experiment at an altitude of up to 300 meters the use of a reusable rocket prototype developed in-home. pic.twitter.com/IJRe7ZZKZl— Sawyer Merritt (@SawyerMerritt) June 17, 2025

“We are tickled that Honda has made any other step ahead in our study on reusable rockets with this winning completion of a commence and landing check,“ said Honda CEO Toshihiro Mibe. “We insist that rocket study is a meaningful endeavor that leverages Honda’s technological strengths.“

While SpaceX has its devoted commence corrupt, Starbase, in South Texas (as effectively as commence net sites and Kennedy Space Center and other areas), Honda launched its check flight from Taiki Town, in southeastern Hokkaido, Japan.

Taiki Town has been constructing correct into a “space town” to host all these launches. Honda has also performed engine combustion and hovering tests in Taiki Town since 2024.

What's subsequent for Honda's space program

The corporate first announced its space ambitions in 2021, with a said aim to reduction other folks “transcend the constraints of time, assign, or skill and fabricate other folks’s each day lives extra pleasant.“

While SpaceX uses its rockets to make out Starlink and takes authorities contracting jobs, it's unclear how Honda plans to commercialize this know-how.

The corporate does screech that it expects to be in a location to enact a suborbital commence with its rockets by 2029.

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