Connect with us

News

NASA awards SpaceX five more Dragon astronaut launch contracts

Published

on

NASA has finalized plans to purchase another five Crew Dragon launches from SpaceX, securing its astronauts access to the International Space Station (ISS) through 2030.

The award comes three months after NASA issued a notice of intent to purchase five additional missions from SpaceX. The space agency signed a different contract for three more Crew Dragon launches just three months before the latest order, meaning that NASA has now purchased eight new Crew Dragon launches from SpaceX in six months – doubling the spacecraft’s future launch manifest in the process.

August 31st’s order adds Crew missions 10 through 14 to Crew Dragon’s roster and brings its total number of planned operational NASA astronaut launches to 14. NASA says the five extra missions will cost $1.44 billion and raise the total value of SpaceX’s Crew Dragon CCtCap contract to $4.93 billion.

Factoring in a sum of approximately $2.74 billion that funded development and three test launches, NASA will ultimately pay an average of $328 million for each of 15 productive Crew Dragon astronaut launches (including Demo-2, the spacecraft’s first crewed test flight). Assuming four astronauts fly on each operational launch, the average price per astronaut launched through 2030 will be $85 million.

Advertisement

With its latest contract, NASA will beat that average and pay $288 million per launch ($72 million per astronaut). Crew-10 through Crew-14 will likely occur in the late 2020s, meaning that the space agency may be saving even more money than is immediately obvious. Assuming an inflation rate of 2.5% over the next eight years, $288 million today could be worth around $235 million in 2030. SpaceX is not paid until after its services are rendered.

SpaceX’s fifth operational NASA Crew Dragon launch is scheduled in early October. (NASA)

NASA’s decision to award SpaceX eight new Crew Dragon launch contracts in 2022 is a major blow to its second Commercial Crew provider, Boeing, which has received zero additional orders. It also emphasizes just how good of a deal the agency got with SpaceX. Once said to be “well positioned to fly [its] first crew in early 2020,” Boeing’s Starliner crew capsule finally completed its first (mostly) successful uncrewed test flight in May 2022. Boeing and NASA are now working towards February 2023 for the spacecraft’s first crewed test flight, delaying Starliner’s first operational astronaut launch until late 2023 at the earliest.

Starliner still has only six operational launch contracts, which date back to ta guarantee in the original 2014 CCtCap awards that promised 2-6 operational launch contracts per provider. Thanks to NASA’s fixed-price contract with Boeing, the agency won’t have to cover the almost $700 million that years of Starliner delays and a test flight do-over have cost the company to date, but taxpayers will still end up paying a total of $4.49 billion – $748 million per operational Boeing astronaut launch.

Boeing’s Starliner spacecraft nears the ISS for the first time during its second uncrewed test flight. (ESA)

Even using iffy Boeing calculus that claims NASA will get five seats of value per launch by adding an extra astronaut or cargo, the space agency would end up paying $150 million per astronaut through 2030. If only four astronauts launch on each Starliner, the average price per seat rises to $187 million.

Unless Boeing is able to find a commercial customer willing to burn tens or hundreds of millions of dollars to avoid launching private astronauts with SpaceX, it may never recoup the losses it has incurred developing Starliner. Worse, without Boeing paying even more out of pocket to certify Starliner to launch on a different rocket, the spacecraft will find itself without a certified rocket after its sixth operational launch.

Meanwhile, on top of eight new NASA contracts, Crew Dragon has already supported two private astronaut launches and SpaceX has contracts for five more private missions through 2024. Put simply, thanks in large part to the void created by Boeing’s surprising shortcomings, SpaceX practically owns the western market for crewed orbital spaceflight and will likely continue to dominate it throughout the 2020s.

Advertisement

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

Advertisement
Comments

Investor's Corner

Lucid CEO dispels any rumors of bankruptcy: ‘So far from the facts’

Published

on

Credit: Lucid

Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.

The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.

The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.

Lucid denies rumors of bankruptcy after over 40% stock drop

Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”

Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”

Napoli said:

“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.

As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.

We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.

My priority is clear: turn this company around. That is where the leadership team and I are focused.

I look forward to providing a full update during our quarterly earnings call on August 4th.”

It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.

Lucid also sent a Cease & Desist letter to the publication for their report.

Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.

Continue Reading

News

Tesla responds to strange Supercharging pricing error with classy move

Published

on

(Credit: Tesla)

Tesla has once again demonstrated strong customer focus by swiftly addressing and fully refunding a bizarre Supercharger pricing glitch that affected drivers in Atlantic Canada.

The issue surfaced earlier this month when the Tesla app began displaying dramatically inflated per-minute charging rates at stations in Prince Edward Island and parts of New Brunswick.

One widely shared screenshot from a Charlottetown, PEI Supercharger showed rates reaching ridiculous levels: $6.00 per minute for the 180-250 kW tier, along with $3.57/min for 100-180 kW and $2.29/min for 60-100 kW.

These figures were several times higher than normal Supercharger pricing in the region.

To put the error in perspective, charging at the highest incorrect rate would have been shockingly expensive.

At 250 kW, a common charging speed at Superchargers, a vehicle pulls roughly 4.17 kWh per minute. Under the glitch, a driver spending just 10 minutes at peak power would face a $60 bill. A typical 20- to 30-minute session to add meaningful range could have cost $120 to $180 or more, before any congestion fees.

Tesla gets another layer of gamification with Free Supercharging on the line

By comparison, standard Canadian Supercharger rates usually fall between $0.25 and $0.60 per kWh, making a similar session cost roughly $15–$40. The erroneous per-minute structure, combined with the inflated numbers, turned what should be a convenient stop into a potential financial shock.

The glitch appears to have started sometime around early July, and quickly drew attention on social media as owners questioned whether Tesla had implemented steep hidden increases. Some drivers even reported seeing $0 charges in their history, indicating broader billing confusion.

Tesla’s official Charging account on X stated that correct pricing would roll out at midnight on July 13, so the fix is already in effect. More importantly, the company announced it would waive all fees for every Supercharger session since July 2. This blanket waiver covers the entire affected period without requiring users to file individual claims, with automated refunds expected soon. The decision affects stations in PEI and nearby areas in New Brunswick and Nova Scotia.

It’s a classy move, and rather than issuing partial credits or forcing owners to submit support tickets, Tesla simply absorbed the cost of the system error and made drivers whole. In an industry where hidden fees and bill disputes are common, Tesla’s proactive, no-questions-asked approach reinforces owner trust and highlights the company’s commitment to service excellence.

The incident, while disruptive for a short time, ultimately showcases Tesla’s ability to own mistakes and prioritize customer satisfaction. Atlantic Canada Tesla owners can now charge with confidence again, knowing the company has their back when technology glitches occur.

In an era of complex EV billing, such transparency and generosity are refreshing and set a positive example for the industry.

Continue Reading

News

SpaceX unveils Starlink next-gen V5 kit: here’s what’s new

Published

on

Credit: Starlink

SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.

The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.

This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.

Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.

The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.

These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.

Starlink’s Broader Impact on Global Internet Connectivity

Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.

Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.

As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.

Continue Reading