Elon Musk's SpaceX is set to conduct the first-ever private spacewalk during its Polaris Dawn mission, scheduled for August 27. The mission will feature a modified Crew Dragon spacecraft and involve a crew that includes billionaire Jared Isaacman, who bankrolled the venture, retired Air Force Lieutenant Colonel Scott Poteet, and two SpaceX engineers. They will don new, slimline spacesuits designed for safety and comfort, allowing for a 20-minute spacewalk at an altitude of 700 km, the farthest humans have ventured since the Apollo program. The mission aims to advance technologies for future lunar and Martian expeditions, while also conducting 36 scientific experiments. In a parallel development, Sir Peter Beck, founder of Rocket Lab, is positioning his company as a key competitor to SpaceX by launching a new rocket named Neutron, designed to challenge SpaceX's Falcon 9. With Rocket Lab's recent successes and SpaceX's upcoming mission, the space industry faces a dynamic and competitive landscape.