Space: Silicon Valley's Next Frontier

Startups aiming higher

The tech industry is famous for looking into the next big thing. These days, that thing may be space.

As in, taking you there someday.

Space travel is hot. So hot, a convention launched Friday in Silicon Valley, bringing startups, venture capitalists, and advisors together to talk about how to bring down the cost of going up.

Richard David runs a group called Newspace Global. They track space-related startups. Not surprisingly, Elon Musks's SpaceX is No. 1, but others are growing, getting funding and looking to hire.

Some companies will get work done on board the International Space Station, others (like Richard Branson's Virgin Galactic) will take aspiring astronauts up into space.

"Space is not the final frontier," David said. "It's still expensive to go there, but it's getting cheaper to launch satellites, and it will get cheaper to send us."

With startups funded by the likes of Musk and Jeff Bezos, money is no object, and the technology is moving fast.

Get ready for takeoff.

Scott, on earth, is on Twitter: @scottbudman

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