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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.

Motley Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Lockheed Martin and Tesla Motors. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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