Newly crowned as the world’s richest man, Elon Musk enjoys two great passions—space exploration and the environment. Combining the two might first appear at odds but, hey, when you’re a visionary worth $201.4 billion even the unlikeliest pair can make total sense. Reese Energy Consulting today is following the latest news out of Musk World with the entrepreneur’s announcement to award a lucky winner $100 million for the best carbon capture technology, which Musk will use to produce synthetic rocket fuel. Now, the race is afoot to determine which—if any—of the current tech mixes are prize contenders, but you can bet global engineers with ideas of their own are stockpiling matches and midnight oil. Meanwhile in Texas, Musk and his SpaceX intergalactic enterprise look to drill gas wells on the company’s 806-acre oil lease near its Boca Chica launchpad, with plans to use methane, along with liquefied oxygen, to power engines on the new Starship rocket. The Starship’s first flight to Mars could launch as early as 2024.
Space Exploration Technologies Corp. is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars.