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Boeing Starliner spacecraft successfully returns to flight 29 months after ill-fated debut
More than three years after SpaceX’s Crew Dragon spacecraft first safely reached orbit and almost three and a half years after Boeing’s Starliner crew capsule’s ill-fated launch debut, Boeing has finally returned to flight and made it farther than ever before towards a successful test flight.
Almost ten months after Boeing’s first attempt at Starliner’s second uncrewed Orbital Flight Test (OFT-2 #1), the stars aligned. As expected, the United Launch Alliance’s Atlas V rocket lifted off on time at 6:54 pm EDT (22:54 UTC) on Thursday, May 19th, ascending from Cape Canaveral Space Force Station (CCSFS) Launch Complex 41 (LC-41) without issue. After a four and a half minute burn, the Atlas V booster – powered by a Russian-built RD-180 engine – separated and the Centaur upper stage – powered by two Aerojet Rocketdyne RL-10 engines – took over.
Another six minutes later, Centaur shut down and Starliner ultimately separated from the rocket a bit less than 12 minutes after liftoff. Unlike SpaceX’s Crew Dragon, though, Starliner separated from its launch vehicle before reaching orbit – a task Boeing engineers chose to reserve for the spacecraft itself to limit stress on the spacecraft and crew in the event of a high-altitude abort. However, that design decision also adds significant risk in other ways and – after the spacecraft’s extremely poor performance during its first launch attempt – turns a Starliner launch into a sort of 30-minute cliffhanger.
While just a hair shy of true orbit, Starliner’s suborbital launch trajectory means that whether or not it wants to, the spacecraft will reenter Earth’s atmosphere about an hour after liftoff if it can’t complete a minute-long orbital insertion burn. In the case of OFT-2, that burn came about 31 minutes after liftoff and was thankfully successful, inserting Starliner into a stable, circular orbit and undoubtedly triggering a massive wave of relief for all employees involved. From that stable orbit, Starliner can finally begin to prepare to rendezvous with the International Space Station (ISS) for the first time ever.
The story of Starliner’s tortured orbital flight test (OFT) campaign began in earnest on December 20th, 2019, when an uncrewed prototype of the Boeing spacecraft first attempted to launch to the International Space Station (ISS) atop a United Launch Alliance (ULA) Atlas V rocket. Infamously, a major software bug that could have been easily detected with even the most basic integrated hardware-in-the-loop prelaunch testing caused Starliner to lose control the moment it separated from Atlas V. Only through a heroic last-second effort was Boeing able to insert Starliner into orbit and prevent the spacecraft from reentering prematurely, which would have likely destroyed it. After hundreds of seconds of unplanned burns of its many attitude control thrusters, Starliner no longer had enough propellant to safely reach the ISS.
Boeing would later correct another completely unrelated software bug mere hours before Starliner’s planned reentry and recovery. If undetected, it could have caused the spacecraft’s capsule and service sections to crash into each other shortly after separation, potentially damaging the capsule’s heat shield and dooming it to destruction during reentry. Had astronauts been aboard, either of the two software bugs could have potentially resulted in crew fatalities and total mission failure. Instead, through a combination of sheer luck and a quick emergency response from Boeing and NASA teams, the spacecraft was saved and recovered in New Mexico.
On a positive note, aside from raising deep and foreboding questions about Boeing’s software development and integrating testing capabilities and NASA’s inept and inconsistent oversight, OFT-1 did still demonstrate that Starliner was able to reach orbit, operate in space, deorbit, survive atmospheric reentry, and land softly under parachutes.
However, the problems were about to continue and spread beyond software. On July 30th, 2021, shortly before a different uncrewed Starliner was scheduled to reattempt the first Orbital Flight Test, the launch was aborted. Eventually, Boeing and NASA reported that 13 of Starliner’s 24 main oxidizer valves had failed to open during a prelaunch test just a few hours before liftoff. The resulting investigation ultimately concluded that the Aerojet Rocketdyne-supplied valves had a faulty design and that Boeing had failed to properly insulate those valves from humidity and water intrusion. It also delayed the next OFT-2 launch attempt by almost ten months.
But finally, after almost 30 months of work to rectify those software and hardware failures, Starliner has intentionally reached a stable orbit without running into a major problem – certainly cause for some amount of optimism. Still, safely rendezvousing and docking with the ISS may be the biggest and riskiest challenge Starliner has faced yet and Boeing will be attempting the feat for the first time in its modern history. Starliner is expected to begin proximity operations around 3 pm EDT on May 20th. If the first attempt is perfect, docking could occur as early as 7:10 pm EDT.
Ultimately, even if Boeing is now more than three years behind SpaceX, whose Crew Dragon spacecraft first reached orbit and the ISS in March 2019 and launched its first astronauts in May 2020, it’s essential that NASA has two redundant crew vehicles available to carry its astronauts to and from the station. SpaceX’s extraordinary success and heroic efforts have allowed the company to singlehandedly ensure NASA access to the ISS since November 2020, but no complex system is perfect and even a failure outside of SpaceX’s control could trigger a long delay that could threaten NASA’s uninterrupted presence on the International Space Station.
NASA has contracts with SpaceX to maintain that uninterrupted presence at the ISS through Crew Dragon’s Crew-7 mission, which could launch as early as September 2023 and would then return to Earth around March 2024. If OFT-2 is completed without significant issue, Boeing’s next priority is Starliner’s Crew Flight Test (CFT), a crewed launch debut that could happen before the end of 2022.
After that, Starliner’s first operational crew launch could potentially occur in Q1 2024, just before Crew Dragon’s Crew-7 recovery. Following Crew Dragon’s near-flawless uncrewed test flight, it took another 14 months for NASA and SpaceX to proceed to Demo-2, Dragon’s Crew Flight Test equivalent. Dragon’s first operational astronaut launch occurred in November 2020, 20 months after its uncrewed demo flight. If NASA follows a similar path for Starliner, that meshes well with an operational debut in early 2024.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
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Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
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Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
