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Boeing Starliner and SpaceX Crew Dragon crew capsules on track for back-to-back launches
NASA Commercial Crew partners Boeing and SpaceX are taking big steps towards two unique flight tests of their respective Starliner and Crew Dragon spacecraft, and – if the stars align – could jam-pack next month with spaceflight milestones.
In the last two weeks alone, both companies have checked off major milestones while preparing their human-rated spacecraft for flight, and – with a little luck over the next few weeks – Starliner and Crew Dragon processing could align for back-to-back launches in the last few weeks of 2019.
On Atlas’ shoulders
Starliner’s uncrewed orbital flight test (OFT) is currently scheduled no earlier than (NET) December 17th and Boeing – after years of delays – is finally on the last legs of preparation for the spacecraft’s orbital launch debut (OFT). On November 4th, some 12 months after it was originally planned to occur, Boeing’s Starliner spacecraft completed a (mostly) successful pad abort test, demonstrating the ability to whisk astronauts away from a failing rocket or any other pad emergency prior to launch. Aside from a parachute deployment failure caused by insufficient quality assurance checkouts, Starliner performed exactly as expected.
With the Starliner pad abort now complete, the spacecraft’s OFT is front and center. On November 20th, United Launch Alliance (ULA) CEO Tory Bruno announced that the company – chosen by Boeing to launch Starliner – had successfully completed a “Mission Dress Rehearsal”, more or less a virtual simulation of Atlas V launch operations.
According to ULA, the MDR was a joint test conducted by ULA teams in Denver and Cape Canaveral, personnel from NASA and Boeing, and the Cape Canaveral Air Force Station (CCAFS) 45th Space Wing.
On November 21st, the day after Atlas V’s successful MDR, Boeing officially handed off the OFT Starliner to ULA, who used a small wheeled crawler to transport the spacecraft from Boeing’s Commercial Crew and Cargo Processing Facility (C3PF) to ULA’s LC-41 launch complex. Finally, shortly after the transporter arrived at LC-41, ULA craned the spacecraft to the top of its Vertical Integration Facility (VIF) and technicians secured Starliner to the rocket’s payload adapter and Centaur upper stage, itself recently stacked atop an Atlas V booster.
The time left ahead of OFT will be used to ensure a successful first flight of both the spacecraft and its uniquely-configured launch vehicle. OFT will be the first time Atlas V launches a payload without a fairing. Combined with the unusual fact that Starliner is significantly wider than the rocket’s Centaur upper stage, a large skirt and other unusual aerodynamic features had to be added to counterbalance dangerous instability that could otherwise crop up in flight.
Of note, the OFT Starliner’s service section (the cylindrical lower half) will not launch with an operational abort system, meaning that the system of four powerful engines are either entirely absent or will be disabled in flight.
Boeing’s Starliner OFT will more or less mirror Crew Dragon’s March 2019 launch debut, nominally launching, reaching orbit, rendezvousing and docking with the ISS, and successfully returning to Earth a week or so later. Although NASA did not originally require its CCP providers to perform uncrewed orbital flight tests prior to their first attempted crewed launches, NASA officials have since made it clear that they are extremely grateful that Boeing and SpaceX proposed them.
Encore!
At the same time as Boeing and ULA are preparing for Starliner’s first orbital launch, SpaceX is in the late stages of preparing Falcon 9 and Crew Dragon for the spacecraft’s In-Flight Abort (IFA), a test that Boeing chose not to perform – NASA required a pad abort but left the rest up to its providers to propose (or not propose). On November 13th, Crew Dragon capsule C205 successfully fired up two Draco maneuvering thrusters and its eight integrated SuperDraco abort engines, verifying that a major design flaw that destroyed capsule C201 has likely been alleviated.
Crew Dragon’s IFA test is scheduled no earlier than December 2019 and will likely fall somewhere in the second half of the month, potentially putting it just days before or after Starliner’s orbital launch debut. All told, the last month of 2019 is likely to be jam-packed with major spaceflight milestones, particularly for NASA’s Commercial Crew Program. If all goes as planned during Boeing and SpaceX’s imminent flight tests, both providers believe they could be ready for their first astronaut launches in early 2020.
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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.
SpaceX officially acquires xAI, merging rockets with AI expertise
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.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
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.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
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
