Elon Musk REVEALED SpaceX MINDBLOWING $3.2B Space Factory!

Elon Musk REVEALED SpaceX MINDBLOWING $3.2B Space Factory!
SpaceX opened its doors for the collaboration with another big companies. The company is looking to expand its business with high opportunities. Inshort this is a ride share, but instead this big flight is to space!

With this big news, SpaceX found a new beneficiary “Varda” to send its facility to space!

Huge thanks to all these amazing SpaceX Artists. Please follow them and support them through Payoneer and Twitter.

This is getting more exciting right?

In this video we will talk about the collaboration of spaceX with Varda, A New $3.2B Space Factory! Wow the space is getting fancy.

But first, a big welcome to all newcomers to this channel, we post daily updates from the world of space. If you like this video, please subscribe to our channel to stay up to date. To every one of our current subscribers, thank you for your love and support. We hope you're having a good time with us.



Now, let’s get started with the video.



Varda is a space manufacturing startup that focuses on creating products in space for terrestrial applications. They aim to manufacture things in space that benefit from low gravity. The company intends to create an infrastructure that harvests source materials for new products in-space via asteroid mining.

The company was founded in 2020 by Delian Asparouhov and Trae Stephens.

From a young age, Will Bruey, the co-founder and chief executive of Varda Space Industries, was fascinated with space and running his own business.

So when the former SpaceX engineer was tapped by Delian Asparouhov and Trae Stephens of Founders Fund to work on Varda, he didn’t think twice.

In 2023, Varda Space Industries will send its first spacecraft into orbit aboard a SpaceX Falcon 9 rocket.


Rocket Lab, SpaceX's rival launch company will make the spacecraft that will take the startups to orbit. Rocket Lab will also produce two more space vehicles for Varda. Two modules made by Varda will be fitted to the three vehicles: a microgravity module and a capsule for reentry.

Each spacecraft should spend around three months in orbit. The reentry module will bring back approximately 40-60 kilograms worth of manufactured material.

Vardas' goal is to unlock microgravity's benefits, which can only be found in space for the manufacturing of novel materials like bio-printed organs and specialized semiconductors. Startups believe that there is a large market for these materials.

The Torrance, California-based startup has moved fast since it was founded by Will Bruey, a SpaceX veteran, and Delian Asparouhov (Founders Fund principal), a little over a year ago. Varda announced a $42million Series A in July and plans to follow an aggressive launch schedule with two launches in 2023, and one in 2024.

Spacecraft will be one among many on the Falcon 9 rideshare mission. This new program, which allows customers to carpool to orbit, spreads the cost to go to space. SpaceX claims to reduce launch costs to as low $1 million per customer who wants to send 200 kg of payloads to sun-synchronous orbit.

Varda Space Industries, a start-up founded less than a year ago by a pair with experience at Elon Musk’s SpaceX and Peter Thiel’s Founders Fund, has now raised more than $50 million as it works toward its first mission in the first quarter of 2023.

“The Varda mission is to build the first space factory – essentially the first industrial park on orbit,” CEO Will Bruey, who spent much of the past decade working on SpaceX’s Cargo Dragon spacecraft, told CNBC.

Varda raised $42 million in a round led by Khosla Ventures and Caffeinated Capital, and joined by investors including Lux Capital, General Catalyst, and Founders Fund. With $11 million raised in a prior seed round, the company has brought in $53 million since its founding eight months ago.

#spacex #space #elonmusk

[hexdude]

Um I missed the part where Elon revealed something. He just sold them a ride share.

[Cityfounder]

As my Dad says… everyday, when something happens in space that changes the way we think, we become one step closer to becoming Star Fleet

[samirdevechi]

stop with the clickbait thumbnails smh

[WhiskeyAfterHours]

Varda has no experience with manufacturing in microgravity beyond one of the founders working on a ZBLAN project. Also SpaceX isn't using Varda, Varda is using SpaceX.

[carlsutherland]

Spacex needs these kind of partnerships.

[davep]

The factory will be using materials freely available in space.
This reminds me of the science fiction books I read as a kid. What was science fiction then has become science fact and the asteroid belt is part of that factual future. It is exciting to see the beginnings of mankind branching out to space and beyond.

[KaijuNumberEight]

3.2B dollars seems cheap for a space factory, ngl

[stu]

Mining asteroids for a space foundry run by robots would be the way to go

[davidhinds]

It will be great to see this happen and A.S.P.

[samuelhunters]

Despite all the economic crisis, this is still a good time to start up an investment

[BlazinNSoul]

Seems a little low on the price tag as the Asguardia project is expected to cost more than that. If & when it ever gets off the ground.

One thing I've learned though is to never underestimate Elon Musk. Do so at your own embarrassment. We need more crazy people like this these days. :b

[perfectionbox]

i guess ball bearings are gonna be made even rounder

[geofthompson]

You always knew that space travel needed private industries to get properly going. Now that these types of investments are becoming common our advances will become exponential. Wish I was younger so I could see how far we can go.

[pauldionne]

thank you for you up date seems all is move ing fore ward with great plans real nice flow go ing

[alanhewson]

I just have a hunch that a breakthrough in graphene manufacture may occur in space.

[Jaggerrrr]

Thumbnail: KSP rocket in my mind
Video: KSP rocket result

[tomdalton]

I have heard this b4 however nice presentation.

[cditzler]

from the thumbnail pic $3.2bil can go a long long way (no pun)

[neilfuller]

Well, Jeff you missed out again . This was one of the goals of Blue Origin wasn't it?

[JimReppond]

I'm wondering if there will be any cooperation between Varda and Blue Origin's Orbital Reef Station? Or will these be competing projects with no cross-collaboration? Seems like there would be a lot of duplication of effort and development. For example, would they be able to use common protocols to dock at each other's facilities and share resources? I hope this doesn't end up being "iPhone vs. Android" all over again!