SpaceX, the rocket company founded by billionaire entrepreneur Elon Musk, announced it would invest in an advanced space tourism company called Space X, worth about $6.5 billion.
SpaceX CEO Elon Musk has long expressed interest in building a private spaceflight company.
SpaceX and SpaceX’s founder and CEO Elon Jones will work together to develop a company that can eventually fly humans to the International Space Station, SpaceX CEO and founder Elon Musk said in a statement.
The announcement was made in a video message from the SpaceX CEO to the public on Thursday.
Musk said Space X would begin developing the spacecraft in 2017 and would be launching it to the space station by 2021.
The company said the spacecraft would be used to transport tourists to and from the space center.
The Space X team said the company would build and launch the spacecraft from the company’s headquarters in Hawthorne, California, where SpaceX was founded in 2012.
The space agency will also use Space X to launch its own astronauts to the orbiting outpost.
The United States is a key customer for Space X. The Russian company also recently launched a capsule carrying astronauts to space, and is planning to use the capsule to take tourists to the moon.
It is also planning to build a spacecraft that will carry astronauts to Mars.
The two companies are also in negotiations to build the first human-to-human cargo transportation system to the station.
SpaceX plans to develop the space capsule and its crew capsules using a proprietary technology called Dragon.
It has received NASA certification to fly its Dragon capsules to the orbital outpost.
SpaceX has been awarded $3.2 billion in NASA funding since the launch of its Falcon 9 rocket in December, 2017.
The Dragon capsule carrying humans to and fro from the International Station will carry a payload of up to five astronauts, Musk said.
The spacecraft’s design will be unveiled at a later date.
SpaceX is also developing the capsule’s robotic arm and robotic arm system.
SpaceX said it is developing a new robotic arm, called the Dragon 2, to transport astronauts to and around the International Center for Infrared Astronomy (ICRI), a NASA facility in the Virginia Tech campus, in Hampton, Virginia.
The robotic arm will provide a robotic approach to the ISS and will be able to perform a variety of tasks such as loading and unloading the spacecraft, docking, and launching the astronauts.
The agency said the arm is expected to be ready for use in early 2021.
SpaceX also is developing the Dragon’s communications satellite.
The satellite, which will be the first to operate in space, is being built by Lockheed Martin, the defense contractor, as part of its ongoing efforts to build and operate its constellation of communications satellites.
Lockheed Martin’s satellite will be used for communications with space stations around the world and with NASA.
SpaceX’s Dragon spacecraft is expected on display at a press conference at the Space Station.
SpaceX recently completed a $5 billion refurbishment of the International Launch Services (ILS) Complex in Virginia.
This complex, which houses two of the two rockets that launched the ISS, is currently home to NASA’s Space Launch System rocket, and the Orion spacecraft, the vehicle the agency plans to use to launch astronauts to low-Earth orbit.
NASA plans to put a Falcon 9 first stage engine on a new launch vehicle called the Atlas V, which is due to fly atop the upgraded rocket.