SpaceX
How does SpaceX measure up to other Mars-destined challengers? [Countdown to Mars, Part 1]
SpaceX isn’t the only organization with eyes set on the skies of Mars. There are other dreamers with their own plans and technology. How does SpaceX measure up?
If it wasn’t entirely clear before, it is now with all the recent announcements from SpaceX: Elon Musk said “Mars”, and he really meant Mars. While Falcon 9 hits milestone after milestone, SpaceX inches closer and closer to “boots on the ground” in red, Martian regolith.
SpaceX isn’t the only organization with eyes set on Martian skies, however. There are other dreamers with their own plans and technology, NASA being a “given” of course. After all, if we’re going to Mars, it’s natural to expect the agency that sent humans to the moon to have something to say about sending humans to another planetary body.
Who all is planning on going to Mars?
To be clear, the Mars planners I’m referring to here are developing full missions for human transport, not just robotics. Further, I’m narrowing the criteria to only include those actively developing the technology rather than working on related scientific studies, developing artistic concepts, engineering helpful devices, and so forth.
In that light, it seems the field thus far consists of two other major players besides SpaceX.
NASA
Aptly named, NASA’s “Journey to Mars” program consists of developing all the capabilities needed to achieve what its designation implies. Their vision comprises the development of their next generation rocket, the Space Launch System, coupled with a crew capsule called Orion.
The Space Launch System has three primary components: One main core and two solid rocket boosters, most components being either derived or upgraded from space shuttle technology. The plan is to “evolve” the configurations through three “blocks”, the third of which will be capable of handling all of the payload needs for a mission to Mars.
The Orion capsule, nicknamed “Apollo on steroids”, is very similar to the capsules used in the Apollo programs, but with significant upgrades such as the heat shield that must handle higher reentry speeds. Further, it will house up to four astronauts (one more than Apollo) while supported by a service module, i.e., a connected structure that will provide resources such as power and oxygen. Overall, it’s about three feet wider than the Apollo capsules, an expansion which translates into a much roomier space square-footage wise.
Somewhere in NASA’s mix is an Asteroid Redirect Mission that involves capturing an asteroid, bringing it into orbit around the moon, and sending crews there to land and study it. Don’t see how that’s really related to Mars? Neither do I, but it’s included on all the “Journey to Mars” posters so it must be. I think I’ve heard people try and explain why the moon wouldn’t suffice for any Mars-related training as well, but I’m personally not convinced enough to really cite the argument. I’m not alone in that confusion, either.
Personally, I’d prefer the pure scientific study of an asteroid to be the justification for the mission, or maybe even “practice” for a future Armageddon event, but when everyone is drumming for Mars, I guess you do what you can. I’ve read that NASA attempted to market it as both of those, but the attempts weren’t successful.
Oh, wait. They changed “asteroid” to “large boulder on an asteroid”. I wonder why? Some of their pages are still citing the original mission… Perhaps it was always either/or?
Speaking of that poster, there’s a space habitat and Mars transfer craft listed, but no other details are provided. NASA’s political and budgetary constraints seem to be limiting any details about how they plan on getting to Mars (landing in particular) once SLS and Orion are flying. These types of restrictions are the reason NASA even has other contenders for the mission, although those same challengers are the ones pushing the journey into the public drumming in the first place.
Mars One
Mars One is a non-profit foundation which hopes to send astronauts they select and train through an in-house application process to Mars via technology they will pay to have built and launched using current service providers.
Founded by Dutch scientist-entrepreneurs Bas Lansdorp and Arno Wielders in 2011, Mars One is an unusual player in the Mars transport game. It is not an aerospace company, as all systems are designed and built by outsourced companies, and their planned sources of funding are private investment and the creation of a reality show documenting the astronauts’ mission from training through their first steps on Mars (although they’ve had some recent troubles with that). Mars One would also like you to purchase plenty of merchandise in the meantime to support their efforts and have even set up a “point” system to encourage this.
For their astronauts, the company solicited applications from would-be space travelers around the world via the Internet, received about two hundred thousand responses, and is now in the process of narrowing down their candidate field to a maximum of twenty-four hopefuls (six groups of four, specifically) that will train together for the next ten years before groups are shuttled off to Mars every two years.
Mars One also plans on having their entire human habitat set up by rovers prior to the first astronaut arrivals, meaning there will be several cargo missions to the surface in the lead-up years. Their first unmanned mission is planned for 2020 wherein some tech will be put to the test along with placing a communications satellite in orbit. Then, a rover and second communications satellite is planned for 2022, followed by cargo missions in 2024 to have the habitat fully operational by 2025 in advance of the first crew arrival in 2027.
Oh, by the way, their trip to Mars will be one-way. According to them, it’s a strategic choice, not a matter of insurance liability for guaranteeing return.
While all space-going organizations face criticism in one way or another, the criticism lodged at Mars One is fairly significant, some even labeling the mission as a scam. To be fair, the nature of their mission combined with the lack of government backing or a billionaire founder puts them in the position that demands fundraising to be a primary activity. Add to that an estimated mission cost of six billion dollars and skepticism quickly rises. Everything involved becomes subject to close analysis.
Their plans aren’t impossible, of course, just full of challenges without perceivable solutions. I don’t personally believe the mission is a scam, and I don’t doubt its long-term viability should the astronauts actually make it to Mars; I think they won’t be the only crews visiting the planet come the days when their intentions match their funding needs, therefore a “back up” plan is essentially built-in. However, I also see a ten-year mission plan that is placing a lot of faith in contract work that is supposed to produce what SpaceX is still working on fourteen years after-the-fact and with a much better financial portfolio.
Honorable Mention: “Mars Direct” by The Mars Society
Founded in 1998 by Dr. Robert Zubrin (and “others”), The Mars Society has made humans on Mars their business for a very long time. Since they are not an organization primarily developing & building technology to go to Mars, I have to classify them as “honorable mention”; however, their contributions to the effort should definitely be noted. Elon Musk certainly has.

Dr. Zubrin of The Mars Society introduces Elon Musk. (Credit: Chris Radcliff under CC by SA-2.0.)
“Mars Direct” is The Mars Society’s detailed plan for putting humans on Mars and, like Mars One, it focuses on building components using existing technology to achieve orbit and landing rather than depending on future developments. It advocates a “live off the land” approach that minimizes cargo needs.
The Mars Direct mission would comprise two phases. First, using a heavy lift launch vehicle, a fuel generation structure would be sent to the Martian surface to generate a Methane/Oxygen bipropellant for a return trip and to power equipment. Second, another fuel generation structure plus a crew and habitat would be sent and landed near the first structure. While in orbit, the effects of zero gravity would be mitigated by rotation of the crew vehicle via a tether connected to the spent upper stage of the transport rocket to act as an anchor. The crew missions would necessarily require a two-year length due to the orbital proximities of Earth and Mars combined with the six-month travel time each way.
Unlike Mars One, this plan has been developed with incredible detail and was published in 1991 by Dr. Zubrin, David A. Baker, and Owen Gwynne. The Mars Society also has annual conferences (this year’s will be the 19th one) which both flesh out the plan’s details and feature speakers across the aerospace spectrum discussing the various aspects. Dr. Zubrin’s book, The Case for Mars, fleshes out the plan in a more readable format, and there’s also plenty of good stuff on the Mars One website.
SpaceX’s Plan for Mars
The founding goal of SpaceX was, and still is, making humans a multiplanet species. Therefore, no incredibly detailed introduction or lengthy explanation is really needed for them when discussing companies interested in going to Mars (see: publicity). However, for the sake of being thorough (and for the sake of sake’s sake), let’s review the Musk brand for Mars.
Known for its Falcon rocket series (along with its famous founder), SpaceX isn’t hitching a ride to Mars as is Mars One, thereby avoiding the potential pitfall of being “all dressed up with nowhere to go”. They’re building their own ride: The Falcon Heavy.
Scheduled for a test launch this November, the Falcon Heavy will be the most powerful rocket in operation since the Saturn V was used for the Apollo moon program. With three cores powered by nine Merlin engines each, Falcon Heavy will be able to haul around 120,000 pounds to low earth orbit (LEO), 50,000 pounds to geostationary transfer orbit (GTO), and 30,000 pounds of payload to Mars. Just for fun, SpaceX’s website also cites a 6,400 pound payload capacity for trips to Pluto.
SpaceX is also developing their own crew capsule, the Dragon (“Red Dragon” when on its way to Mars), which will include a propulsive landing system (i.e., it can hover) via its eight SuperDraco engines. The landing system also doubles as an emergency escape system in the event that there’s a problem during launch, and while space traveling, Dragon will be supported by a “trunk” (essentially with the same function as Orion’s service module) to support missions as needed.
Now, pardon my excitement, but these things are really cool. The SuperDraco engines are doubled up and self-contained, meaning that the lander can lose up to half its engines and still land safely, and if anything goes wrong with one engine, it’s isolated to not impact the others. The engines are also 3D-printed out of Inconel, a high performance nickel-based super alloy.
Bonus level! SpaceX’s long-terms plans don’t just include short(ish) jaunts to Mars and back, although, unlike Mars One, there will be an option to return to Earth via regular cargo missions. There also may be an option with their up and coming Mars Colonial Transport vehicle.
The Mars Colonial Transporter is, at the moment, a mysterious development SpaceX is working on to achieve its goal of large-scale Martian colonization. There’s plenty of speculation about the details, but officially, even the size is being kept secret for now. Elon will only reveal it to be “So big.” A few details were shared (or speculations confirmed) during a Reddit “Ask Me Anything “ (AMA) session this past January such as:
- The second stage could be reusable
- The architecture will be completely different from the Falcon/Dragon system
- The goal payload capacity is 100 metric tons
- There is a family of methane-based engines called “Raptor” being developed by SpaceX for travel to and exploration of Mars.*
*Note: This detail wasn’t particularly new to the AMA, but there aren’t many original sources where Elon or a SpaceX executive has spoken directly about it, thus I’ve included it.
Overall, it certainly seems like SpaceX is charging ahead compared to the others that are aimed for Mars, but it’s not because of their publicity wins. Their steady march via the piece by piece development of the required technology combined with the customer-driven financial viability of the company as a rocket launch provider are key to the believably that they will actually make Mars “happen”.
Coming Up on Countdown to Mars…
SpaceX’s colonial “grand plan” reveal is what I’m counting down to with this “Countdown to Mars” article series. Scheduled for September 26th – 30th of this year, Elon Musk has stated that he will be announcing detailed plans for their Mars Colonial Transporter at the International Astronautical Conference in Guadalajara, Mexico. It’s supposed to be so awesome, even Elon can hardly contain himself. To say that I’m incredibly excited as well would be a huge understatement. So I won’t. I’ll just keep writing about things related to it!
Coming up on “Countdown to Mars”…
How do these companies plan on solving some of the biggest challenges for achieving a successful mission to Mars? Then, if we are talking about permanent settlements on Mars, what will the human power structure look like? Or in other words, what kind of government will the first human Martians have?
Stay tuned!
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Elon Musk
SpaceX’s Elon Musk relieves worries about orbital data centers
SpaceX CEO Elon Musk recently confronted worries about orbital data centers and launching satellites in mass quantities in space, as some voiced concerns about crowding.
Musk’s SpaceX plans to combat the issue of needing data centers by launching them into space instead of taking up valuable real estate on Earth. It has been a major point of SpaceX’s future, including its looming IPO, which could be the largest ever.
In a recent interview filmed at SpaceX’s Starlink terminal factory in Bastrop, Texas, Elon Musk directly addressed concerns that deploying large numbers of AI satellites for orbital data centers could crowd Earth’s orbit. His message was straightforward and reassuring: space is vast beyond human intuition.
“Space is really big,” Musk said. “It’s not like space is gonna get crowded. Space is enormous. If you actually look at it relative to the Earth, the satellites are so tiny you can’t even see them.” He emphasized that even zooming in makes a satellite appear large, but from a planetary perspective, they are minuscule specks.
Elon on concerns that AI satellites will crowd space:
“Space is really big. It’s not like space is gonna get crowded. Space is enormous. If you actually look at it relative to the earth, the satellites are so tiny you can’t even see them.” https://t.co/Mvr7NpL25Q pic.twitter.com/5Fi629Rii7
— Sawyer Merritt (@SawyerMerritt) June 8, 2026
Musk pointed to SpaceX’s real-world experience operating roughly 10,000 Starlink satellites as evidence that large constellations can be managed safely. “We’ve got a pretty good idea of how to operate just really large constellations and do it safely,” he noted. SpaceX remains the only operator with meaningful experience at this scale, giving the company unique insight into tight orbital packing without compromising safety
The discussion highlighted SpaceX’s plans for “AI1” satellites—essentially orbiting racks of AI compute powered by massive solar arrays and cooled via radiative panels in space’s vacuum.
These satellites leverage proven Starlink V3 technology, making them simpler to design than communications satellites. A first-generation unit targets around 150 kW peak power, with a 70-meter wingspan for solar panels and radiators. Laser links will connect them to each other and the Starlink network, delivering low-latency access (on the order of a few milliseconds from low-Earth orbit).
FCC accepts SpaceX filing for 1 million orbital data center plan
Musk framed orbital data centers as a practical solution to Earth’s constraints on AI growth. Ground-based facilities face power shortages, water demands for cooling, and grid limitations. In space, constant sunlight (no day-night cycle), vacuum radiative cooling, and abundant solar energy offer clear advantages.
Production will ramp up at an expanded “Gigasat” factory in Bastrop, with solar manufacturing already underway and full AI satellite output expected at reasonable volume by the end of 2027. Starship’s rapid, high-volume launch capability, aiming for multiple flights per hour, will make massive deployment feasible.
Critics sometimes raise risks like space debris or Kessler syndrome, but Musk’s response underscores scale: even a million satellites would represent an imperceptible fraction of available orbital volume when viewed against Earth’s size. SpaceX’s automated collision avoidance and deorbiting designs for Starlink further mitigate concerns.
This vision ties into broader ambitions. Musk sees orbital AI compute as a step toward harnessing more of the Sun’s energy, advancing humanity on the Kardashev scale from a Type 0 civilization toward Type 1 and eventually Type 2. By moving power-hungry data centers off-planet, SpaceX aims to unlock orders-of-magnitude more compute while preserving Earth’s resources.
Musk’s comments should ease public anxiety. With proven operational expertise, incremental engineering, and the immensity of space itself, orbital data centers represent not overcrowding, but smart expansion into the final frontier.
Investor's Corner
SpaceX IPO set to provide massive $11.6B windfall for teacher pension plan
The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.
According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.
At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.
The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.
SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.
Important pieces moving forward include:
- Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
- Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
- AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
- Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.
The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.
For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.
For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.
All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.

