Categories: Market Overview

Elon Musk offers for SpaceX to make NASA spacesuits, after watchdog says program to cost $1 billion

Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current program is behind schedule and will cost more than $1 billion. “SpaceX could do it if need be,” Musk wrote in a tweet.

Musk’s company has developed and made flight suits for astronauts who launch into orbit in SpaceX’s Crew Dragon spacecraft. The flight suits are primarily designed to protect the astronauts in case of a fire inside of the spacecraft, or if the cabin depressurizes. Building spacesuits would be a more complex and challenging endeavor, given the need to survive outside of a spacecraft in the harsh environment of space.

NASA spokesperson Monica Witt, in a statement to CNBC on Musk’s offer, pointed to the agency’s request last month to companies in the space industry for feedback on “purchasing commercial spacesuits, hardware, and services.” Musk’s proposal came in response to a report by NASA’s inspector general – which is the investigative office which audits the agency for fraud and mismanagement – on the work being done to develop a new line of Extravehicular Mobility Units, which are informally called spacesuits.

Beyond the soaring cost, the inspector general said delays “attributable to funding shortfalls, COVID-19 impacts, and technical challenges” have eliminated the chance the spacesuits are ready in time. The spacesuits will “not be ready for flight until April 2025 at the earliest,” the report said. NASA originally said the spacesuits would be ready by March 2023.

NASA needs new spacesuits for its Artemis program, which was announced by former President Donald Trump’s administration and has continued under President Joe Biden. Artemis is expected to consist of multiple missions to the moon’s orbit and surface in the years ahead, with NASA aiming to land astronauts on the lunar body by 2024. Although NASA has stuck to the 2024 goal, the inspector general has warned repeatedly that the schedule is threatened by several major programs that are key to Artemis’ success.

Elon Musk offers for SpaceX to make NASA spacesuits, after watchdog says program to cost $1 billion, CNBC, Aug 11

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

6 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

7 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

7 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

11 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

12 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

1 day ago

This website uses cookies