Musk on Martians
SpaceX founder Elon Musk’s vision for colonizing Mars includes rocket reusability, refueling spacecraft in orbit and propellant production by the planet’s inhabitants. And a lot of money. Bloomberg reports that Musk admits, “it will be a challenge to fund this whole endeavor.” His plan will require public-private partnership, and Musk intends to dip into his personal assets—valued at $8.6 billion. The billionaire revealed his strategy at the International Astronautical Congress in Guadalajara, Mexico.
A feel-good moment
Americans are feeling pretty good. According to data released by the Conference Board, the September confidence reading was 104, compared to a low of 25 during the recession. CNN reports that the sunny attitude reflects a healthier job market, with a national unemployment rate of 4.9 percent. At the same time, low wages continue to cast a shadow over the country’s overall mood. The share of Americans who think they’ll pull in a higher income in the next six months actually declined in September.
Tequila goes public
Mammoth tequila producer Jose Cuervo announced a widely anticipated initial public offering. According to The New York Times, the Mexican producer’s action could generate interest for a number of reasons: the company’s 200-year-old history (Cuervo claims it’s North America’s oldest continual producer of spirits), the trend for top-shelf tequila and growth in the U.S. market. The IPO, one of only a few in Mexico this year, could raise up to $1 billion.