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.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Elon Musk
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
SpaceX CEO Elon Musk has revealed the timeline for the next Starship launch. It will be the first launch using SpaceX’s revamped design for Starship, as its v3 rocket will take its maiden voyage sooner than many might expect.
Musk announced on April 3 on X that the next Starship flight test, and the first flight of the upgraded v3 ship and booster, is 4 to 6 weeks away. The update signals the end of a nearly six-month hiatus since the program’s last launch.
Elon says the first V3 Starship launch will occur in 4-6 weeks
It will be the first Starship launch since Flight 11 on October 13, 2025 https://t.co/QnnYPTdbUu
— TESLARATI (@Teslarati) April 3, 2026
The upcoming mission, designated as Starship’s 12 integrated flight test (IFT-12), marks a significant milestone. It will be the debut of the v3 configuration, featuring a taller Super Heavy Booster and Starship upper stage. The changes SpaceX has made with the v3 rocket and booster are an increased propellant capacity and the more powerful Raptor 3 engines.
Earlier predictions from Musk in March had pointed to an April timeframe, but the latest timeline now targets a launch window in early to mid-May 2026.
The V3 iteration represents a substantial evolution from previous Starship prototypes. Engineers have optimized the design for improved manufacturability, higher thrust, and greater efficiency. Raptor 3 engines deliver significantly more power while reducing weight and production costs compared to earlier variants.
With these enhancements, SpaceX aims to boost payload capacity toward 200 metric tons to low Earth orbit in a fully reusable configuration — a dramatic leap from the roughly 35-ton target of prior versions. Such capabilities are critical for ambitious goals, including NASA’s Artemis lunar missions and eventual crewed flights to Mars.
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
Recent activities have involved static fires, activation of the new Pad 2 at Starbase in Boca Chica, Texas, and integration of Raptor 3 engines.
A prior incident with an early V3 booster on the test stand in late 2025 contributed to the delay, necessitating additional assembly and qualification work.
Musk’s timeline updates have become a hallmark of the Starship program, often described with characteristic optimism.
SpaceX’s Starship V3 is almost ready and it will change space travel forever
While past targets have occasionally shifted by weeks, the rapid iteration pace remains impressive. However, don’t be surprised if this timeline shifts again, as Musk has been overly optimistic in the past with not only launches, but products under his other companies, too.
SpaceX continues to refine launch infrastructure, including new propellant loading systems and tower mechanisms designed to support higher cadence operations. A successful V3 flight could pave the way for more frequent tests, tower catches of both booster and ship, and progression toward operational reusability.
The v3 debut is viewed as a transition point for Starship, moving beyond experimental flights toward a system capable of supporting large-scale deployment of Starlink satellites, lunar landers, and interplanetary transport.
Success on IFT-12 would demonstrate not only the new hardware’s performance but also SpaceX’s ability to recover from setbacks and maintain momentum.
As the 4-to-6-week countdown begins, anticipation builds at Starbase. Teams are finalizing vehicle stacking, conducting final pre-flight checks, and preparing for regulatory approvals. The world will be watching to see if Starship V3 can deliver on its promise of transforming humanity’s access to space.
Elon Musk
SpaceX files confidentially for IPO that will rewrite the record books
SpaceX files confidentially for a record-breaking IPO targeting a $1.75T valuation and $80B raise, driven by Starlink growth and its xAI merger.
Elon Musk’s rocket and satellite company submitted its draft registration to the U.S. Securities and Exchange Commission today for an initial public offering, targeting June at a $1.75 trillion valuation. This would be the largest in history.
SpaceX has filed confidentially with the SEC, first reported by Bloomberg. SpaceX would be valued above every S&P 500 company except Nvidia, Apple, Alphabet, Microsoft, and Amazon.
The filing uses a confidential process that allows companies to work through SEC disclosures privately before initiating a public roadshow. With a June target, official details through a formal prospectus is expected to go public in April or early May, after which SpaceX must wait at least 15 days before beginning investor marketing.
While SpaceX is best known for its Falcon 9 and Starship rockets, the $1.75 trillion valuation is anchored by Starlink, its satellite internet service. Starlink ended 2025 with 9.2 million subscribers and over $10 billion in revenue, which is a figure analysts project could reach a staggering $24 billion by the end of 2026. A February all-stock merger with xAI, Musk’s artificial intelligence venture, further boosted the valuation.
SpaceX officially acquires xAI, merging rockets with AI expertise
Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are lined up as senior underwriters. SpaceX is also considering a dual-class share structure to preserve insider voting control, and plans to allocate up to 30% of shares to retail investors, which is roughly three times the typical norm.
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