In 2014, NASA awarded SpaceX and rival Boeing Co. combined contracts worth up to $6.8 billion to fly US astronauts to the space station
This will be the first time the US space agency lets a private-sector company transport their astronauts
SpaceX is reportedly offering those affected a minimum of eight weeks' pay and other benefits, including career coaching and resume assistance
SpaceX's interest in such a low orbit is to shorten the communication time between internet users on Earth and space-faring satellites, speeding up surfing speeds
It's true that space is becoming just another place to do business
Russian and Chinese companies are also working on space tourism plans
Maezawa has long stood out in the Japanese corporate world
Humans have not set foot on the Moon since the final Apollo mission in 1972, capping an era of US national pride
Who will be flying and why will be known on September 17
The reason of building the rocket at the port and not at the company's inland headquarters in Hawthorne, California, is due to the size of BFR
The maiden flight of Falcon Heavy, SpaceX's bigger and more powerful rocket that will let it compete for heavier U.S. military payloads, is slated for January
Musk said his firm had started building the system, with the construction of the first ship to start in six to nine months
No details were made public about the payload, known only as NROL-76
Boosters typically are discarded following liftoff, sinking into the Atlantic
Currently, millions of dollars worth of rocket parts are jettisoned after each launch
SpaceX said it will not land Falcon 9's first stage after launch due to mission requirements
Unlike during the Cold War, the competition now is between start-up firms
The company is aiming to launch this moon mission in late 2018
SpaceX plans to launch two paying passengers on a tourist trip around the moon next year
SpaceX and Boeing are scheduled to begin flying crew to the station by the end of 2018