The Sun is about 150 million kilometers ( 1 AU, or 93 million miles ) from Earth. Astronomers originally measured its distance by triangulation, but they now use radar, bounced either directly from the Sun or from other bodies whose distance is known in AU from Kepler's third law. knowing the Sun's distance, we can find its radius form its angular size.
NASA to buy five additional Crew Dragon flights
by Jeff Foust — June 2, 2022
Crew-2 Crew Dragon
NASA stated it plans to add five more missions to SpaceX's commercial crew transportation contract, which would be enough to support ISS operations to 2030 provided Boeing's Starliner soon enters service. Credit: NASA
WASHINGTON — NASA is planning to purchase five more Crew Dragon missions to the International Space Station from SpaceX, a move the agency says is needed to ensure long-term access to the station.
In a procurement notice published June 1, NASA announced its intent to issue a sole-source modification of its existing Commercial Crew Transportation Capabilities, or CCtCap, contract with SpaceX to add five missions to the station later this decade.
NASA said in the filing that it needed to add the missions to the contract for several reasons, including delays in the development and certification of Boeing’s CST-100 Starliner crew vehicle, projections of when the additional missions would be needed and “the technical challenges associated with establishing and maintaining” crew transportation systems capable of flying every six months.
The notice added that the additional missions “will ensure redundant and backup capabilities through 2030” for the ISS. The White House announced at the end of last year its intent to extend ISS operations through 2030, an extension supported other station partners except for Russia.
In a blog post published without fanfare by NASA late June 1, agency officials said the additional missions will ensure that they can bring Starliner into service without rushing it. “It’s critical we complete Starliner’s development without undue schedule pressure while working to position both Boeing and SpaceX for sustainable operations in the years ahead,” said Steve Stich, NASA commercial crew program manager.
“Boeing’s Orbital Flight Test-2 went very well and we hope to be able to certify the Starliner system in the near future,” said Phil McAlister, director of commercial space at NASA. “However, we will need additional missions from SpaceX to implement our strategy of having each commercial provider flying alternating missions once per year.”
The original CCtCap awards to Boeing and SpaceX in 2014 provided each company with six operational, or post-certification, missions. Boeing has yet to perform any post-certification missions, as Starliner is still in testing. SpaceX is currently on its fourth post-certification mission, Crew-4, which launched to the station in April.
NASA, anticipating that SpaceX would soon complete all six missions while Starliner was still in development, awarded SpaceX three additional mission in February for $776 million. The new modification, if it goes forward, would bring the total number of post-certification missions awarded to SpaceX to 14.
By the time SpaceX starts flying those additional missions, Boeing’s Starliner should be in service. NASA and Boeing officials said after the completing of the OFT-2 uncrewed test flight May 25 that they believed they would be able to proceed with a crewed test flight as soon as late this year. If that is successful, Starliner could begin post-certification missions as soon as the fall of 2023, after SpaceX’s Crew-6 mission slated to launch in the spring of 2023.
If that schedule holds, and NASA is able to alternate missions between the two companies, Boeing’s current contract would support missions launching through 2028. SpaceX’s extended contract would allow missions to 2030, with SpaceX returning to two missions a year after the conclusion of Boeing’s contract.
NASA said in the statement that the extension planned for SpaceX “does not preclude NASA from seeking additional contract modifications in the future for additional transportation services as needed.” In the case of Boeing, an extension would likely also require certification of a new launch vehicle, as its current Starliner missions are slated to fly on the Atlas 5, a vehicle that United Launch Alliance is no longer offering for sale and plans to retire, lik
by Jeff Foust — June 2, 2022
Crew-2 Crew Dragon
NASA stated it plans to add five more missions to SpaceX's commercial crew transportation contract, which would be enough to support ISS operations to 2030 provided Boeing's Starliner soon enters service. Credit: NASA
WASHINGTON — NASA is planning to purchase five more Crew Dragon missions to the International Space Station from SpaceX, a move the agency says is needed to ensure long-term access to the station.
In a procurement notice published June 1, NASA announced its intent to issue a sole-source modification of its existing Commercial Crew Transportation Capabilities, or CCtCap, contract with SpaceX to add five missions to the station later this decade.
NASA said in the filing that it needed to add the missions to the contract for several reasons, including delays in the development and certification of Boeing’s CST-100 Starliner crew vehicle, projections of when the additional missions would be needed and “the technical challenges associated with establishing and maintaining” crew transportation systems capable of flying every six months.
The notice added that the additional missions “will ensure redundant and backup capabilities through 2030” for the ISS. The White House announced at the end of last year its intent to extend ISS operations through 2030, an extension supported other station partners except for Russia.
In a blog post published without fanfare by NASA late June 1, agency officials said the additional missions will ensure that they can bring Starliner into service without rushing it. “It’s critical we complete Starliner’s development without undue schedule pressure while working to position both Boeing and SpaceX for sustainable operations in the years ahead,” said Steve Stich, NASA commercial crew program manager.
“Boeing’s Orbital Flight Test-2 went very well and we hope to be able to certify the Starliner system in the near future,” said Phil McAlister, director of commercial space at NASA. “However, we will need additional missions from SpaceX to implement our strategy of having each commercial provider flying alternating missions once per year.”
The original CCtCap awards to Boeing and SpaceX in 2014 provided each company with six operational, or post-certification, missions. Boeing has yet to perform any post-certification missions, as Starliner is still in testing. SpaceX is currently on its fourth post-certification mission, Crew-4, which launched to the station in April.
NASA, anticipating that SpaceX would soon complete all six missions while Starliner was still in development, awarded SpaceX three additional mission in February for $776 million. The new modification, if it goes forward, would bring the total number of post-certification missions awarded to SpaceX to 14.
By the time SpaceX starts flying those additional missions, Boeing’s Starliner should be in service. NASA and Boeing officials said after the completing of the OFT-2 uncrewed test flight May 25 that they believed they would be able to proceed with a crewed test flight as soon as late this year. If that is successful, Starliner could begin post-certification missions as soon as the fall of 2023, after SpaceX’s Crew-6 mission slated to launch in the spring of 2023.
If that schedule holds, and NASA is able to alternate missions between the two companies, Boeing’s current contract would support missions launching through 2028. SpaceX’s extended contract would allow missions to 2030, with SpaceX returning to two missions a year after the conclusion of Boeing’s contract.
NASA said in the statement that the extension planned for SpaceX “does not preclude NASA from seeking additional contract modifications in the future for additional transportation services as needed.” In the case of Boeing, an extension would likely also require certification of a new launch vehicle, as its current Starliner missions are slated to fly on the Atlas 5, a vehicle that United Launch Alliance is no longer offering for sale and plans to retire, lik
NASA selects Axiom Space and Collins Aerospace for spacesuit contracts
by Jeff Foust — June 1, 2022
Collins spacesuit
A lunar spacesuit being developed by a team led by Collins Aerospace, which, along with Axiom Space, won NASA contracts to develop and provide spacesuits for Artemis missions and the ISS. Credit: Collins Aerospace
Updated 7 p.m. Eastern with additional contract details.
WASHINGTON — NASA awarded contracts to Axiom Space and Collins Aerospace to provide spacesuits for International Space Station spacewalks and Artemis moonwalks, although neither the agency nor the winning companies offered many technical or financial details.
NASA announced June 1 it selected the two companies for Exploration Extravehicular Activity Services, or xEVAS, contracts to support the development of new spacesuits as well as purchasing spacesuit services. The companies will own the suits they develop and will effectively rent them to NASA for space station and Artemis missions, while also being able to offer the suits to other customers.
The goal, NASA officials said at a briefing about the awards, is to have lunar spacesuits ready for the Artemis 3 lunar landing mission, currently scheduled for no earlier than 2025. NASA will also conduct an “orderly transition” from existing, decades-old suits on the ISS to the new suits around the same time.
NASA earlier planned to develop suits internally though an effort known as the Exploration Extravehicular Mobility Unit, or xEMU, but shifted gears to a services model with competition, building on the accomplishments of commercial cargo and crew transportation. NASA is making xEMU data and other capabilities available to the companies to support their work.
“I really believe that all of that data is helping to reduce the risk and speed that transition process up to the contractor community,” said Lara Kearney, manager of the extravehicular activity and human surface mobility program at NASA’s Johnson Space Center. “We were at a great place to transition just because of how mature the xEMU was at the time.”
Axiom, which is working with a team of companies that includes David Clark Company, KBR and Paragon Space Development Corporation, intended to develop spacesuits to support its commercial space station plans.
“We have a number of customers who already would like to do a spacewalk,” explained Michael Suffredini, president and chief executive of Axiom, said at the briefing. “It’s fantastic to have a partnership where we can benefit from the years of experience that NASA has and all the work they’ve done to advance designs.”
Collins Aerospace, working with ILC Dover and Oceaneering, plans to make use of experience that includes development of the Apollo moonwalking suits and the spacesuits used today on ISS spacewalks.
“The goal is to take the foundations that NASA laid with the xEMU in partnership with industry and evolve that technology, and create a suit that is compatible with the entire spectrum of crew members,” said Dan Burbank, senior technical fellow at Collins.
Both Burbank, a former astronaut, and Suffredini, a former NASA ISS program manager, emphasized their commitment to meeting NASA’s extensive requirements for the suits, including being compatible with astronauts ranging in height from the 5th percentile woman to the 95th percentile man.
However, the companies provided few technical details about their suit designs, and NASA did not even have illustrations of the winning designs to show, electing instead to release an illustration of two moonwalking astronauts wearing suits not necessarily associated with either company. Collins did later release several illustrations of its proposed suit as well as images of that design being testing in a lab.
The total value of the xEVAS contracts is $3.5 billion through 2034, a figure that assumes all task orders are exercised. NASA officials at the briefing declined to break out that total between the two companies, stating that information will instead be in the source selection statement for the procurement, expected to be
by Jeff Foust — June 1, 2022
Collins spacesuit
A lunar spacesuit being developed by a team led by Collins Aerospace, which, along with Axiom Space, won NASA contracts to develop and provide spacesuits for Artemis missions and the ISS. Credit: Collins Aerospace
Updated 7 p.m. Eastern with additional contract details.
WASHINGTON — NASA awarded contracts to Axiom Space and Collins Aerospace to provide spacesuits for International Space Station spacewalks and Artemis moonwalks, although neither the agency nor the winning companies offered many technical or financial details.
NASA announced June 1 it selected the two companies for Exploration Extravehicular Activity Services, or xEVAS, contracts to support the development of new spacesuits as well as purchasing spacesuit services. The companies will own the suits they develop and will effectively rent them to NASA for space station and Artemis missions, while also being able to offer the suits to other customers.
The goal, NASA officials said at a briefing about the awards, is to have lunar spacesuits ready for the Artemis 3 lunar landing mission, currently scheduled for no earlier than 2025. NASA will also conduct an “orderly transition” from existing, decades-old suits on the ISS to the new suits around the same time.
NASA earlier planned to develop suits internally though an effort known as the Exploration Extravehicular Mobility Unit, or xEMU, but shifted gears to a services model with competition, building on the accomplishments of commercial cargo and crew transportation. NASA is making xEMU data and other capabilities available to the companies to support their work.
“I really believe that all of that data is helping to reduce the risk and speed that transition process up to the contractor community,” said Lara Kearney, manager of the extravehicular activity and human surface mobility program at NASA’s Johnson Space Center. “We were at a great place to transition just because of how mature the xEMU was at the time.”
Axiom, which is working with a team of companies that includes David Clark Company, KBR and Paragon Space Development Corporation, intended to develop spacesuits to support its commercial space station plans.
“We have a number of customers who already would like to do a spacewalk,” explained Michael Suffredini, president and chief executive of Axiom, said at the briefing. “It’s fantastic to have a partnership where we can benefit from the years of experience that NASA has and all the work they’ve done to advance designs.”
Collins Aerospace, working with ILC Dover and Oceaneering, plans to make use of experience that includes development of the Apollo moonwalking suits and the spacesuits used today on ISS spacewalks.
“The goal is to take the foundations that NASA laid with the xEMU in partnership with industry and evolve that technology, and create a suit that is compatible with the entire spectrum of crew members,” said Dan Burbank, senior technical fellow at Collins.
Both Burbank, a former astronaut, and Suffredini, a former NASA ISS program manager, emphasized their commitment to meeting NASA’s extensive requirements for the suits, including being compatible with astronauts ranging in height from the 5th percentile woman to the 95th percentile man.
However, the companies provided few technical details about their suit designs, and NASA did not even have illustrations of the winning designs to show, electing instead to release an illustration of two moonwalking astronauts wearing suits not necessarily associated with either company. Collins did later release several illustrations of its proposed suit as well as images of that design being testing in a lab.
The total value of the xEVAS contracts is $3.5 billion through 2034, a figure that assumes all task orders are exercised. NASA officials at the briefing declined to break out that total between the two companies, stating that information will instead be in the source selection statement for the procurement, expected to be
released publicly in late June. In many other commercial procurements, NASA has released the value of individual awards to companies.
NASA spokesperson Rebecca Wickes later told SpaceNews that the individual contract values will not be published in the source selection statement. Instead, that document will list the percentage difference in the prices compared to other bidders,
“We guaranteed them an amount to make sure we could get them going and they had skin in the game, and we’re going to be careful to protect that,” said Mark Wiese of NASA, who chaired the source selection board for the xEVAS competition. He did not disclose those guaranteed amounts.
“NASA will protect the exact amounts of contract guaranteed minimums and/or individual task order award amounts due to the proprietary nature of the commercial solutions while also protecting the ongoing competitive nature of this contract,” Wickes said.
NASA said in the statement that each company “has invested a significant amount of its own money” into development, but did not disclose those amounts. Burbank said that since he focused on the technical side of spacesuit development, he did not know how much the company had spent. Recent work for the xEVAS contract, he said, “is just the latest version of continual investment in internal R&D.”
Suffredini said that Axiom’s suit development was entirely internally funded. “Now you have to go figure out what that is,” he said.
Both companies said they expected to have spacesuits ready for testing on the ISS and for the Artemis 3 mission by the mid-2020s, but another company plans to test its own spacesuit in orbit before then. As part of the Polaris Program announced in February and funded by billionaire Jared Isaacman, SpaceX is developing a version of its Crew Dragon pressure suit that can be used for spacewalks. That suit will be tested on the Polaris Dawn mission scheduled for later this year.
NASA spokesperson Rebecca Wickes later told SpaceNews that the individual contract values will not be published in the source selection statement. Instead, that document will list the percentage difference in the prices compared to other bidders,
“We guaranteed them an amount to make sure we could get them going and they had skin in the game, and we’re going to be careful to protect that,” said Mark Wiese of NASA, who chaired the source selection board for the xEVAS competition. He did not disclose those guaranteed amounts.
“NASA will protect the exact amounts of contract guaranteed minimums and/or individual task order award amounts due to the proprietary nature of the commercial solutions while also protecting the ongoing competitive nature of this contract,” Wickes said.
NASA said in the statement that each company “has invested a significant amount of its own money” into development, but did not disclose those amounts. Burbank said that since he focused on the technical side of spacesuit development, he did not know how much the company had spent. Recent work for the xEVAS contract, he said, “is just the latest version of continual investment in internal R&D.”
Suffredini said that Axiom’s suit development was entirely internally funded. “Now you have to go figure out what that is,” he said.
Both companies said they expected to have spacesuits ready for testing on the ISS and for the Artemis 3 mission by the mid-2020s, but another company plans to test its own spacesuit in orbit before then. As part of the Polaris Program announced in February and funded by billionaire Jared Isaacman, SpaceX is developing a version of its Crew Dragon pressure suit that can be used for spacewalks. That suit will be tested on the Polaris Dawn mission scheduled for later this year.
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Ingenuity “hunkering down” during Martian dust storms and winter
by Jeff Foust — May 30, 2022
Ingenuity
NASA's Ingenuity Mars helicopter is waiting out dust storms and a winter season that reduce the amount of power its solar panels generate and thus its ability to fly. Credit: NASA/JPL-Caltech
WASHINGTON — Dust storms and changing seasons will limit the ability of NASA’s Ingenuity helicopter to fly for the next several months, a project engineer said May 27.
NASA’s Jet Propulsion Laboratory released May 27 a video compiled from images taken by Ingenuity on a record-setting flight April 8. On that flight, the helicopter traveled 704 meters at a speed of 5.5 meters per second, the longest and fastest flight yet for the tiny helicopter.
That flight was the 25th for Ingenuity, which was originally intended to perform no more than five flights over the course of a few weeks in April 2021. The helicopter’s most recent flight, and the 28th overall, was April 29.
Ingenuity, though, lost communications with the Perseverance rover, which serves as a relay between the helicopter and controllers back on Earth, on May 3. Contact was reestablished two days later, with engineers concluding that the rover had gone into a “low-power state” when its battery levels dropped below a lower limit.
In a May 6 statement, JPL said that increased dust in the atmosphere was blocking sunlight, reducing the power Ingenuity’s solar panels could generate. The lab said it was taking steps to reduce the helicopter’s battery usage, such as reducing the temperature at which the helicopter turns on heaters.
“We are hopeful that we can accumulate battery charge in order to return to nominal operations and continue our mission into the weeks ahead,” Teddy Tzanetos, team lead for Ingenuity at JPL, said in the May 6 statement. In the May 27 release of the flight video, JPL said only that “the team is looking forward to its next flight on Mars.”
“Currently we’re going through the worst of the Martian dust storm season. The skies are full of dust and our solar array generation is way down,” said Jaakko Karras, chief engineer for Ingenuity, after a May 27 presentation at the National Space Society’s International Space Development Conference. However, he said Ingenuity is now heading into winter, with less solar power and colder temperatures.
“The hope is that, if we can make it through both of those,” he said, referring to the dust storms and winter, “in a handful of months we’ll start getting back into Martian spring where we get very energy positive again and back to business.”
That will limit the ability of Ingenuity to continue flying. Karras said there may be tweaks the mission can do, like parking the helicopter on an incline to increase the amount of sunlight reaching the arrays, an approach previously used for solar-powered rovers like Spirit and Opportunity. However, he noted it may be difficult to land the helicopter on the right incline. For now, the helicopter is “mostly hunkering down,” he said.
He didn’t saw how long it would be before Ingenuity will fly again and how frequently. “It will certainly be at least a couple of months before we’re back to the more luxurious energy levels that we’re used to,” he said.
by Jeff Foust — May 30, 2022
Ingenuity
NASA's Ingenuity Mars helicopter is waiting out dust storms and a winter season that reduce the amount of power its solar panels generate and thus its ability to fly. Credit: NASA/JPL-Caltech
WASHINGTON — Dust storms and changing seasons will limit the ability of NASA’s Ingenuity helicopter to fly for the next several months, a project engineer said May 27.
NASA’s Jet Propulsion Laboratory released May 27 a video compiled from images taken by Ingenuity on a record-setting flight April 8. On that flight, the helicopter traveled 704 meters at a speed of 5.5 meters per second, the longest and fastest flight yet for the tiny helicopter.
That flight was the 25th for Ingenuity, which was originally intended to perform no more than five flights over the course of a few weeks in April 2021. The helicopter’s most recent flight, and the 28th overall, was April 29.
Ingenuity, though, lost communications with the Perseverance rover, which serves as a relay between the helicopter and controllers back on Earth, on May 3. Contact was reestablished two days later, with engineers concluding that the rover had gone into a “low-power state” when its battery levels dropped below a lower limit.
In a May 6 statement, JPL said that increased dust in the atmosphere was blocking sunlight, reducing the power Ingenuity’s solar panels could generate. The lab said it was taking steps to reduce the helicopter’s battery usage, such as reducing the temperature at which the helicopter turns on heaters.
“We are hopeful that we can accumulate battery charge in order to return to nominal operations and continue our mission into the weeks ahead,” Teddy Tzanetos, team lead for Ingenuity at JPL, said in the May 6 statement. In the May 27 release of the flight video, JPL said only that “the team is looking forward to its next flight on Mars.”
“Currently we’re going through the worst of the Martian dust storm season. The skies are full of dust and our solar array generation is way down,” said Jaakko Karras, chief engineer for Ingenuity, after a May 27 presentation at the National Space Society’s International Space Development Conference. However, he said Ingenuity is now heading into winter, with less solar power and colder temperatures.
“The hope is that, if we can make it through both of those,” he said, referring to the dust storms and winter, “in a handful of months we’ll start getting back into Martian spring where we get very energy positive again and back to business.”
That will limit the ability of Ingenuity to continue flying. Karras said there may be tweaks the mission can do, like parking the helicopter on an incline to increase the amount of sunlight reaching the arrays, an approach previously used for solar-powered rovers like Spirit and Opportunity. However, he noted it may be difficult to land the helicopter on the right incline. For now, the helicopter is “mostly hunkering down,” he said.
He didn’t saw how long it would be before Ingenuity will fly again and how frequently. “It will certainly be at least a couple of months before we’re back to the more luxurious energy levels that we’re used to,” he said.
The Philippines gives green light to Starlink
by Park Si-soo — May 27, 2022
The Philippine government has approved the registration of SpaceX's subsidiary in the country, enabling the latter to start providing Starlink broadband in services in the country. Credit: SpaceX
SEOUL, South Korea — The Philippines has approved plans that will see it become the first country in Southeast Asia to access SpaceX’s Starlink broadband services.
The National Telecommunications Commission (NTC) approved May 26 the registration of Starlink Internet Services Philippines Inc., a subsidiary of SpaceX that will provide the satellite broadband to the archipelago.
The approval set the stage for the subsidiary to start providing Starlink services in the country, according to the government-funded Philippine News Agency.
In a statement, the commission said it had approved Starlink’s registration as a “value-added service (VAS) provider,” enabling the company to “directly access satellite systems, and build and operate broadband facilities to offer internet services,” according to the news agency.
“The NTC is steadfast in helping ensure that roll-out of Starlink’s internet access services will be done expeditiously and professionally,” NTC commissioner Gamaliel Cordoba said in the statement.
“The NTC’s swift processing of Starlink’s VAS provider registration was meant to expedite the service”s immediate roll-out.”
The commissioner said Starlink is expected to cover villages in urban and suburban areas and rural regions that remain unserved or underserved with internet access services.
The Philippines’ internet penetration rate stood at 67% of the country’s 110 million population as of January 2021, according to data from DataReportal, an independent data collector.
Starlink’s expansion into the country comes after Philippine President Rodrigo Duterte signed legislation March 21 that allows up to 100% foreign ownership of public services in the Philippines.
The amended Public Service Act encourages investments in telecoms, transport and other sectors deemed essential to public welfare.
In a March 31 statement, Philippine Trade Secretary Ramon Lopez said Starlink will “augment as well as complement existing broadband capacities” and “further capacitate micro, small, and medium enterprises (MSMEs), facilitate online learning, e-commerce and fintech.”
by Park Si-soo — May 27, 2022
The Philippine government has approved the registration of SpaceX's subsidiary in the country, enabling the latter to start providing Starlink broadband in services in the country. Credit: SpaceX
SEOUL, South Korea — The Philippines has approved plans that will see it become the first country in Southeast Asia to access SpaceX’s Starlink broadband services.
The National Telecommunications Commission (NTC) approved May 26 the registration of Starlink Internet Services Philippines Inc., a subsidiary of SpaceX that will provide the satellite broadband to the archipelago.
The approval set the stage for the subsidiary to start providing Starlink services in the country, according to the government-funded Philippine News Agency.
In a statement, the commission said it had approved Starlink’s registration as a “value-added service (VAS) provider,” enabling the company to “directly access satellite systems, and build and operate broadband facilities to offer internet services,” according to the news agency.
“The NTC is steadfast in helping ensure that roll-out of Starlink’s internet access services will be done expeditiously and professionally,” NTC commissioner Gamaliel Cordoba said in the statement.
“The NTC’s swift processing of Starlink’s VAS provider registration was meant to expedite the service”s immediate roll-out.”
The commissioner said Starlink is expected to cover villages in urban and suburban areas and rural regions that remain unserved or underserved with internet access services.
The Philippines’ internet penetration rate stood at 67% of the country’s 110 million population as of January 2021, according to data from DataReportal, an independent data collector.
Starlink’s expansion into the country comes after Philippine President Rodrigo Duterte signed legislation March 21 that allows up to 100% foreign ownership of public services in the Philippines.
The amended Public Service Act encourages investments in telecoms, transport and other sectors deemed essential to public welfare.
In a March 31 statement, Philippine Trade Secretary Ramon Lopez said Starlink will “augment as well as complement existing broadband capacities” and “further capacitate micro, small, and medium enterprises (MSMEs), facilitate online learning, e-commerce and fintech.”
Elon Musk says an IPO of SpaceX’s Starlink satellite internet business is still 3 or 4 years away
PUBLISHED TUE, JUN 7 202210:11 AM EDTUPDATED TUE, JUN 7 202212:05 PM EDT
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Michael Sheetz
@THESHEETZTWEETZ
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KEY POINTS
Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned.
The latest timeline signals another IPO delay and comes despite repeated questions from a variety of investors over the years about owning a piece of SpaceX.
Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public.
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company's facility in Boca Chica, Texas.
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas.
Steve Jurvetson on flickr
Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline for an initial public offering yet again.
“I’m not sure exactly when that [IPO] is, but maybe it will be like — I don’t know, just guessing — three or four years from now,” Musk said at an all-hands meeting of the private company’s employees on Thursday, according to an audio recording obtained by CNBC.
Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability.” At that point, “I think spinning it off as a public company can make a lot of sense,” the SpaceX CEO said.
The latest timeline delay comes despite repeated questions from a variety of investors over the years about owning a piece of SpaceX, a stock which remains privately traded.
Musk previously targeted an offering as soon as this year, according to an email to SpaceX employees obtained by CNBC. The email, sent by Musk in May 2019, said “it will probably make sense to take Starlink public in about three years or so.”
Musk then pushed back that estimate, saying in a tweet last year that it would be “at least a few years before Starlink revenue is reasonably predictable,” adding that “going public sooner than that would be very painful.”
SpaceX did not immediately respond to CNBC’s request for comment on Musk’s remarks.
SpaceX’s Starlink network is designed to deliver high-speed internet anywhere on the globe through thousands of satellites in low Earth orbit. The company disclosed late last month that Starlink now has over 400,000 subscribers around the world. SpaceX has launched about 2,500 satellites to date to support the system.
While SpaceX offers a variety of Starlink products and services, the base price of $110 per month and the company’s most recent subscriber numbers suggest annual service revenue of more than $500 million a year.
A Starlink satellite terminal, also known as a dish, setup in front of an RV.
A Starlink satellite terminal, also known as a dish, setup in front of an RV.
SpaceX
Musk warned employees during his comments on Thursday that they “should not think of things going public as, like, a sure path to riches.”
“The public markets are fickle” and “really pistol-whip you if you don’t meet expectations,” he said.
Musk has had an often contentious relationship with the regulations of publicly traded companies. In 2018, he agreed to pay millions in settlement charges with the Securities and Exchange Commission in response to fraud charges around an aborted plan to take his electric vehicle maker Tesla private. He’s also currently battling with Twitter over a proposal to take the social media company private.
“Being public is definitely an invitation to pain,” he told SpaceX employees Thursday. “And the stock price is just distracting.”
SpaceX continues to raise billions in capital to develop both Starli
PUBLISHED TUE, JUN 7 202210:11 AM EDTUPDATED TUE, JUN 7 202212:05 PM EDT
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Michael Sheetz
@THESHEETZTWEETZ
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KEY POINTS
Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned.
The latest timeline signals another IPO delay and comes despite repeated questions from a variety of investors over the years about owning a piece of SpaceX.
Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public.
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company's facility in Boca Chica, Texas.
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas.
Steve Jurvetson on flickr
Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline for an initial public offering yet again.
“I’m not sure exactly when that [IPO] is, but maybe it will be like — I don’t know, just guessing — three or four years from now,” Musk said at an all-hands meeting of the private company’s employees on Thursday, according to an audio recording obtained by CNBC.
Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability.” At that point, “I think spinning it off as a public company can make a lot of sense,” the SpaceX CEO said.
The latest timeline delay comes despite repeated questions from a variety of investors over the years about owning a piece of SpaceX, a stock which remains privately traded.
Musk previously targeted an offering as soon as this year, according to an email to SpaceX employees obtained by CNBC. The email, sent by Musk in May 2019, said “it will probably make sense to take Starlink public in about three years or so.”
Musk then pushed back that estimate, saying in a tweet last year that it would be “at least a few years before Starlink revenue is reasonably predictable,” adding that “going public sooner than that would be very painful.”
SpaceX did not immediately respond to CNBC’s request for comment on Musk’s remarks.
SpaceX’s Starlink network is designed to deliver high-speed internet anywhere on the globe through thousands of satellites in low Earth orbit. The company disclosed late last month that Starlink now has over 400,000 subscribers around the world. SpaceX has launched about 2,500 satellites to date to support the system.
While SpaceX offers a variety of Starlink products and services, the base price of $110 per month and the company’s most recent subscriber numbers suggest annual service revenue of more than $500 million a year.
A Starlink satellite terminal, also known as a dish, setup in front of an RV.
A Starlink satellite terminal, also known as a dish, setup in front of an RV.
SpaceX
Musk warned employees during his comments on Thursday that they “should not think of things going public as, like, a sure path to riches.”
“The public markets are fickle” and “really pistol-whip you if you don’t meet expectations,” he said.
Musk has had an often contentious relationship with the regulations of publicly traded companies. In 2018, he agreed to pay millions in settlement charges with the Securities and Exchange Commission in response to fraud charges around an aborted plan to take his electric vehicle maker Tesla private. He’s also currently battling with Twitter over a proposal to take the social media company private.
“Being public is definitely an invitation to pain,” he told SpaceX employees Thursday. “And the stock price is just distracting.”
SpaceX continues to raise billions in capital to develop both Starli
nk and its mammoth Starship rockets. The company’s valuation hit $127 billion during its latest funding round.
It's not so long ago, in the grand scheme of things, that SpaceX was struggling to make it to orbit.
Last week, May 31, marked the 10-year anniversary of the completion of SpaceX's first Dragon mission, COTS 2, to and from the International Space Station.
Only a few years before, on September 28, 2008, the company reached orbit on its fourth attempt with Falcon 1.
Despite his PR inelegance and all his deadline exaggerations, it's hard to argue against SpaceX CEO Elon Musk's impressive track record when it comes to spaceflight — his most far-out statements are known to cause even skeptical space enthusiasts to froth at the mouth.
Still, Musk's latest claim shared on Twitter, alongside a slide deck for a presentation he recently gave at SpaceX, will likely prove divisive.
Researchers just broke the standard model for solar flares
The plan is to "build 1000+ Starships to transport life to Mars. Basically, (very) modern Noah's Arks," Musk wrote, reiterating a statement he had made during a recent interview with TED curator Chris Anderson. In that interview, he stated that SpaceX would achieve this goal by 2050.
SpaceX has yet to launch the Mars-bound spacecraft to orbit, but it is hoping to carry out its orbital maiden flight at some point this summer — though the FAA continues to delay its environmental review of the spacecraft.
Starship will be made up of two parts. The first stage will be a 230 feet tall booster powered by 33 Raptor 2 engines. The Starship spacecraft, which is 164 feet tall, will sit atop the first stage. During his presentation, Musk also teased Starship's deployment method for Starlink 2.0.
NASA's Mars plans are more conservative than Musk's
The main reason Musk's plans may prove divisive is the fact that, even given SpaceX's lofty standards, they're just not very realistic. Perhaps the main indicator for this point is how unaligned Musk's statement is with the plans NASA have set out for Mars.
While Musk says SpaceX will send one million humans to Mars by 2050, NASA aims to get the first humans to Mars — likely with the help of SpaceX — by the 2030s or 2040s, kicking off a years-long campaign of scientific research.
The U.S. space agency recently published 50 key objectives it wishes to achieve before and during its first Mars mission. The plan outlines and highlights harsh obstacles NASA will face, such as the fact that astronauts' muscles will have degraded to the point they may struggle to walk when they first reach the red planet.
Colonizing Mars will be an incredibly slow process full of trial and error. As such, the first humans NASA plans to send to the red planet will be scientists and trained experts. By contrast, Musk recently announced that "almost anyone" will be able to save up to $100,000 to buy a Starship ticket and go live on Mars.
It's understandable that the CEO of SpaceX is busy selling the dream of humanity as a spacefaring civilization, but his Mars 2050 statement risks putting him in similar territory as he was with Tesla's progress on Level 5 autonomy. The more he makes unsustainable claims, the more people will forget how far SpaceX has come in such a short amount of time.
Last week, May 31, marked the 10-year anniversary of the completion of SpaceX's first Dragon mission, COTS 2, to and from the International Space Station.
Only a few years before, on September 28, 2008, the company reached orbit on its fourth attempt with Falcon 1.
Despite his PR inelegance and all his deadline exaggerations, it's hard to argue against SpaceX CEO Elon Musk's impressive track record when it comes to spaceflight — his most far-out statements are known to cause even skeptical space enthusiasts to froth at the mouth.
Still, Musk's latest claim shared on Twitter, alongside a slide deck for a presentation he recently gave at SpaceX, will likely prove divisive.
Researchers just broke the standard model for solar flares
The plan is to "build 1000+ Starships to transport life to Mars. Basically, (very) modern Noah's Arks," Musk wrote, reiterating a statement he had made during a recent interview with TED curator Chris Anderson. In that interview, he stated that SpaceX would achieve this goal by 2050.
SpaceX has yet to launch the Mars-bound spacecraft to orbit, but it is hoping to carry out its orbital maiden flight at some point this summer — though the FAA continues to delay its environmental review of the spacecraft.
Starship will be made up of two parts. The first stage will be a 230 feet tall booster powered by 33 Raptor 2 engines. The Starship spacecraft, which is 164 feet tall, will sit atop the first stage. During his presentation, Musk also teased Starship's deployment method for Starlink 2.0.
NASA's Mars plans are more conservative than Musk's
The main reason Musk's plans may prove divisive is the fact that, even given SpaceX's lofty standards, they're just not very realistic. Perhaps the main indicator for this point is how unaligned Musk's statement is with the plans NASA have set out for Mars.
While Musk says SpaceX will send one million humans to Mars by 2050, NASA aims to get the first humans to Mars — likely with the help of SpaceX — by the 2030s or 2040s, kicking off a years-long campaign of scientific research.
The U.S. space agency recently published 50 key objectives it wishes to achieve before and during its first Mars mission. The plan outlines and highlights harsh obstacles NASA will face, such as the fact that astronauts' muscles will have degraded to the point they may struggle to walk when they first reach the red planet.
Colonizing Mars will be an incredibly slow process full of trial and error. As such, the first humans NASA plans to send to the red planet will be scientists and trained experts. By contrast, Musk recently announced that "almost anyone" will be able to save up to $100,000 to buy a Starship ticket and go live on Mars.
It's understandable that the CEO of SpaceX is busy selling the dream of humanity as a spacefaring civilization, but his Mars 2050 statement risks putting him in similar territory as he was with Tesla's progress on Level 5 autonomy. The more he makes unsustainable claims, the more people will forget how far SpaceX has come in such a short amount of time.