April 13, 2016

Recapping Elon Musk's Wild Week

Space X Falcon 9 landing on the drone ship

Last week SpaceX, the Elon Musk space company, successfully landed their Falcon 9 rocket on a drone ship for the first time last week.

The rocket landed vertically on a barge floating in choppy waters out in the Atlantic Ocean.

[stag_video src="https://www.youtube.com/watch?v=lEr9cPpuAx8&feature=youtu.be"]

Bloomberg calls the landing a "moon walk" moment for the New Space Age. Whereas Musk simply mused: it's just "another step toward the stars."

But that's not all: Tesla, Musk's other company, received more than 325,000 preorders for their Model 3 last week, making it the "biggest one-week launch of any product."

The preorders represent $14 billion in potential sales for the $35,000 electric car, which is expected to ship late-2017. The unprecedented demand is a "watershed moment" for electric vehicles, the WSJ says.

As electric vehicles go mainstream, speculation mounts that the petrol car could be dead as early as 2025. We are now witnessing the slow-motion disruption of the global auto industry, Quartz adds. At least one car maker has taken notice: GM has invested $500 million in Lyft, with plans to build self-driving electric cars.

[stag_video src="https://www.youtube.com/watch?v=Q4VGQPk2Dl8"]

Matt Kiser

Matt Kiser

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