The Elysium effect: The coming backlash to the billionaire 'NewSpace' revolution

SpaceX founder and CEO Elon Musk celebrates the successful launch of the SpaceX Crew Dragon Demo-2 mission at NASA's Kennedy Space Center in Florida, on May 30, 2020.
SpaceX founder and CEO Elon Musk celebrates the successful launch of the SpaceX Crew Dragon Demo-2 mission at NASA's Kennedy Space Center in Florida, on May 30, 2020.
(Image credit: Saul Martinez/Getty Images)

In the 2013 science fiction film "Elysium" starring Matt Damon, Earth's wealthiest 0.01% move to the ultimate gated community, a luxurious orbiting space colony, leaving a poverty-stricken humanity to fend for themselves on a ravaged planet.

Interestingly, it is indeed some of today's 0.1% who are leading the way into space to build communities beyond Earth. However, quite the opposite of the movie, their goals are of the highest order, from democratizing access to space by lowering costs, to creating new products and ideas, to helping save the planet and opening space to future generations.

Rick Tumlinson is the founder of SpaceFund, a venture capital firm investing in space startups. He also founded the Space Frontier FoundationEarthlight Foundation, the Space Cowboy Ball, and was a founding board member of the X Prize Foundation. Rick's goal is an open frontier in space in his lifetime and has worked to achieve this for over 35 years.