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Can SpaceX Save NASA (Some Money)?

By Rich Smith - May 20, 2013 at 12:59PM

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With tickets to the International Space Station now costing $70 million a pop, someone had better.

NASA recently signed a $424 million contract with the Russian Federal Space Agency, agreeing to pay a record $70.6 million per person to send U.S. astronauts to the International Space Station.

How did America -- the only country in the world to put men on the moon and rovers on Mars -- turn into a country that has to hitch rides to a space station it helped to build? And what can we do about it?

In today's video, Fool.com contributor Rich Smith lays out the problem for you, tells you which companies are trying to fix it, and identifies the one company in this group that you should check out.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

The Boeing Company Stock Quote
The Boeing Company
BA
$197.06 (-2.63%) $-5.32
Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$331.95 (0.43%) $1.42
Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$1,040.32 (-4.08%) $-44.28
SolarCity Corporation Stock Quote
SolarCity Corporation
SCTY.DL

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