Space
Europe postpones Mars mission over ExoMars rover issue and Coronavirus
The European Space Agency (ESA) announced that its ExoMars rover would not fly this year. The mission, a collaboration with the Russian Space Agency (Roscosmos), was set to launch this summer. However, the launch has been postponed to 2022 due to technical issues and the logistical impact due to the global Conoavirus outbreak.
“This is a very tough decision, but it’s, I’m sure, the right one,” ESA Director General Jan Wörner said during a news conference at ESA’s headquarters in Paris after consulting with the head of Roscosmos, Dmitry Rogozin. “The parties had to recognise that the final phase of ExoMars activities are compromised by the general aggravation of the epidemiological situation in European countries.”
“We agreed together it’s better to go for success than just to go for launch at this time,” Wörner said. “Although we are close to launch readiness, we cannot cut corners. Launching this year would mean sacrificing remaining essential tests.”
The ExoMars rover is Europe’s first Mars rover. Named after Rosalind Franklin, a British pioneer of DNA science, the robotic explorer will search for signs of life on the red planet’s surface. Wörner said the agency needs more time to troubleshoot issues with the spacecraft’s parachute system as well as precise electronics, so the delay is necessary.
Also, the recent coronavirus outbreak that’s spreading around the globe isn’t helping. So instead of rushing, the team is taking the next two years to conduct extensive testing and make sure they get it right.
“We have made a difficult but well-weighed decision to postpone the launch to 2022,” Rogozin said in a statement. “I am confident that the steps that we and our European colleagues are taking to ensure mission success will be justified and will unquestionably bring solely positive results for the mission implementation.”
The ExoMars rover is a follow-on to ESA’s ExoMars Orbiter mission, which reached the red planet in 2016. That mission consisted of two parts: the Trace Gas Orbiter (TGO) and the Schiaparelli lander, a technology demonstrator. Unfortunately, the Schiaparelli crash-landed during its descent to the Martian surface.
Landing a spacecraft on Mars is hard. The planet’s atmosphere is thinner than what we see on Earth, and as such its takes a combination of sophisticated tools, including heat shields, retrorockets, and even giant, inflatable airbags, to safely touch down on the surface.
If anyone of those techniques fails, the spacecraft will crash, which is what happened with Schiaparelli.
Despite being around for decades, parachutes are still pretty tricky, especially using them on another planet. ESA engineers have made many adjustments to the parachute system, but keep seeing the same result: they rip as soon as they deploy. Test, after test, the chutes failed. Engineers have tried reinforcing them with Teflon to make them slide out of their bags easier, but no luck.
ESA even tried to seek advice from NASA’s Jet Propulsion Laboratory, which has built every single rover on Mars and, unfortunately needs more time to collaborate on parachute design. Because there’s only a limited window of launch opportunity, ESA officials decided to make the tough call to postpone until the next Mars window opens in 2022.
Appreciate @esa and @roscosmos for making the tough decision to postpone @ESA_ExoMars to 2022. Launching & safely landing a spacecraft on Mars are extremely demanding and require many technologies & systems to function perfectly. Your work is inspiring everyone to do hard things. https://t.co/ttPzDyQJWa
— Thomas Zurbuchen (@Dr_ThomasZ) March 12, 2020
The rover and its launcher, a Russian Proton rocket, are ready to go. The agency has more parachute tests in the works, including high-altitude drops.
Additionally, Wörner said the team discovered issues with the descent module’s electronic equipment, which are essential to the mission’s success. This piece of equipment controls functions like spacecraft power, propulsion, and even parachute control. It will take some time for the bugs to be fixed.
“Due to the troubleshooting of these anomalies at system level, the final version of the flight software has been delayed, and there is not enough time to fully test it before a 2020 launch and gain the confidence we need,” Wörner said.
You can technically launch to Mars anytime, but space agencies around the world choose specific windows that open every two years. During this time, Mars and Earth are in line, so that it takes less time and uses less fuel. In 2022, that window is open from August to October.
Once it reaches the Martian surface, the rover will study an ancient lake bed. It will scour the red planet’s surface in search of biosignatures, or signs of life.
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA
This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.
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).
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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.
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.
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