In a groundbreaking moment for the commercial space industry, billionaire Jared Isaacman and SpaceX’s Sarah Gillis exited their spacecraft hundreds of miles above Earth on Thursday, completing the first commercial spacewalk—a feat previously reserved for government astronauts. The Polaris Dawn mission marked a historic leap forward in privately funded space exploration, pushing the boundaries of what’s possible for private companies in the space sector.

Isaacman, 41, who personally funded the Polaris Dawn mission, emerged from the capsule at 11:52 AM BST, outfitted in a slimmed-down spacesuit designed by SpaceX. The billionaire entrepreneur and space enthusiast stood on a ladder, gazing down at Earth, and reflected on the experience: “Back at home, we all have a lot of work to do, but from here, Earth sure looks like a perfect world.”

Isaacman’s words echoed a sentiment shared by many astronauts who have witnessed Earth from space—a sense of unity and responsibility that transcends borders.

This achievement is a monumental first for privately funded spacewalks, known as extravehicular activities (EVAs). Until now, only well-funded government space programs had managed to carry out such complex tasks in orbit. EVAs are notoriously difficult, requiring years of preparation and technological advancement, yet Isaacman and Gillis, backed by SpaceX’s innovation, successfully completed the mission.

The U.S. government and space agencies around the world are increasingly shifting focus from direct space exploration to fostering a vibrant commercial space industry. NASA chief Bill Nelson hailed the achievement, saying, “Thursday’s successful EVA represents a giant leap forward for the commercial space industry and NASA’s long-term goal to build a vibrant U.S. space economy.”

The Polaris Dawn mission is Isaacman’s second self-funded space venture, following his widely celebrated Inspiration4 mission in 2021. The exact cost of the mission has not been disclosed, but experts estimate it runs into the hundreds of millions of dollars. This investment signals a broader trend in the space industry, where private funding is accelerating progress at an unprecedented pace.

For Isaacman, the mission is not just a personal adventure but a statement about the future of space travel. Private companies are stepping into a space once dominated by governments, enabling civilians and private-sector pioneers to take part in the next phase of humanity’s journey into the cosmos. As commercial space ventures continue to evolve, Isaacman’s bold vision for expanding human access to space is paving the way for future space explorers.

The mission’s success also reflects the growing expertise of SpaceX in space exploration. Their next-generation spacesuits, tested during the spacewalk, represent a critical advancement in spaceflight technology, designed to be lighter and more functional than traditional models used by government space agencies.

As Isaacman and Gillis return to Earth, their achievement stands as a testament to the power of human ambition and the potential for the private sector to reshape the future of space exploration. What was once the realm of government-funded astronauts is now becoming accessible to civilians, opening up a new frontier for innovation and discovery.

With Isaacman’s continued investment in space missions and SpaceX’s cutting-edge technology, the commercial space race is rapidly accelerating, bringing humanity one step closer to the dream of making space a place for all.

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