Update: 5/28/20- 8:01 a.m. EDT-- ABC News Live and National Geographic have rescheduled its television and live streaming events due to weather conditions postponing the launch. "Launch America: Mission to Space Live" will now air Saturday at 3 p.m. EDT. 

Original Story:

Over the years, Tesla CEO Elon Musk has become known for his innovative ideas and business acumen. Now, the SpaceX founder has teamed up with NASA for a new two-hour special report, "Launch America: Mission to Space Live." Here's how you can watch it and what we know so far.

According to Variety, the upcoming show is "expected to send two astronauts, Bob Behnken and Douglas G. Hurley, to the International Space Station on a spacecraft designed by Musk’s company." The special will air at 3 p.m. EDT on May 27 on the National Geographic channel. Additionally, ABC News Live will subsequently stream the events as well. ABC News is also slated to air a special report prior to the launch. 

As stated by the publication, if Musk and NASA's launch is successful, it would "represent the first instance of a privately owned company taking humans to the International Space Station and meeting NASA’s certification requirements."  

READ: Should We Try To Contact Aliens? SpaceX's Elon Musk Isn't So Sure

When speaking about the mission, Geoff Daniels, National Geographic’s executive vice president of global unscripted entertainment, called it the "perfect moment" to showcase both science and the human spirit in a statement. Marc Burstein, ABC News’ senior executive producer of special events, shared his thoughts on the move as well, saying that he sees it as an "uplifting story" that can highlight "heroism, innovation and determination." 

Aside from the new partnership with NASA, Musk has been in the news over the past year for a variety of reasons. Earlier this year, he welcomed his son, X Æ A-12 Musk, with "Oblivion" singer Grimes. However, the unusual name did pose an unexpected hurdle due to the fact that it faced potential government rejection for a specific reason. 

Additionally, other reports also surfaced that revealed not only how Marvel's "Iron Man" inspired one of his inventions, but also why his Tesla Cybertruck played a role in one of Jay Leno's "funniest" moments. 

READ: Tesla's Elon Musk Paid His College Rent In This Very Unconventional Way

As noted by Variety, National Geographic will devote part of its programming to space exploration leading up to the launch on May 27. If for some reason, the event is ultimately postponed, ABC News Live and National Geographic will air the special on the new launch date that is agreed upon by NASA and SpaceX.

"Launch America: Mission to Space Live" will air May 27 at 3 p.m. EDT on National Geographic.

Elon Musk has defied local authorities in California over the reopening of his Tesla plant Elon Musk has defied local authorities in California over the reopening of his Tesla plant Photo: AFP / Brendan Smialowski