There's a new space race underway, but this competition isn’t quite on the scale of the one that took place between the United States and the Soviet Union in the 1960s.
This time, NASA isn’t even a key player.
Instead, today’s space race is taking place among private companies vying to build tiny rockets.
Why the rush to deliver a smaller rocket? Tim Fernholz, a reporter for the website Quartz, says the satellite technology that depends on rockets to reach low Earth orbit is getting smaller — and more popular — all the time.