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NASA’s first Artemis Moon mission a flawless success after Orion splashdown
NASA has successfully recovered an uncrewed version of its Orion crew capsule, marking the flawless completion of the spacecraft’s first Moon mission and the Space Launch System (SLS) rocket’s first launch.
Six years behind schedule, roughly $20 billion over budget, and costing taxpayers almost $50 billion through its first full flight test, anything less than near-perfection would have been a moderate scandal. But to the credit of NASA and its contractors, who have all worn excuses in the spirit of ‘perfection takes time’ threadbare, the international team behind Artemis I appears to have actually delivered on those implied promises. While some small bugs were unsurprisingly discovered over the 25-day mission, a collection of excellent post-launch NASASpaceflight.com interviews confirm that each major part of the SLS rocket performed about as flawlessly as their respective teams could have hoped for.
Originally intended to launch in late 2016, the first SLS rocket lifted off with the second space-bound Orion spacecraft on November 16th, 2022. Propelled by its European Service Module (ESM), Orion passed the Moon around November 21st. It then entered an unusual distant retrograde orbit (DRO) around the Moon on November 26th, reaching a record distance of 432,200 kilometers (268,563 mi) from Earth in the process. After less than a week in lunar orbit, Orion departed DRO on December 1st and began a long journey back to Earth.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
On December 11th, about four weeks after liftoff, Orion separated from its disposable service module (~$400 million) and slammed into Earth’s atmosphere traveling around 11 kilometers per second (~25,000 mph). In another credit to NASA and capsule contractor Lockheed Martin, Orion’s reentry, descent, and splashdown all went perfectly. After its ablative heat shield did most of the work slowing it down, the spacecraft deployed parachutes and splashed down in the Pacific Ocean some 240 kilometers (~150 mi) off the coast of Mexico’s Baja Peninsula, southwest of California.
Taking full advantage of the fact that Orion and SLS are a government program and continuing in the footsteps of the Apollo Program, the US Navy was tasked with Orion spacecraft recovery. To that end, it deployed USS Portland – a 208-meter-long amphibious transport ship crewed by hundreds of sailors – to recover Artemis I’s Orion, which was completed without issue using the ship’s Navy helicopters, fast boats, and floodable well-deck.
Following capsule recovery, which wrapped up almost seven hours after splashdown, it’s safe to say that NASA’s Artemis I mission was a spectacular, near-perfect success. Only a few aspects detract from the extraordinary performance of the spacecraft. Most significantly, despite being half a decade behind schedule and billions of dollars over budget, Artemis I’s Orion capsule and service module did not fly with or test a functioning docking port or Environmental Control and Life Support System (ECLSS). Those systems will not be tested in space until Artemis II, Orion’s first astronaut launch, inherently reducing the risk-reduction and predictive value of the flight test.
Additionally, Artemis I launched Orion to a distant retrograde lunar orbit. No future NASA missions are scheduled to use DRO. For the time being, Artemis II will be a free-return lunar flyby mission, meaning that Orion will never enter orbit around the Moon – the safest possible lunar trajectory for its crewed debut. For Artemis III and all future Orion missions, the spacecraft will enter a different near-rectilinear halo orbit (NRHO) around the Moon – similar to DRO in spirit but entirely different in practice. That again slightly reduces the value of Orion’s spectacular performance during Artemis I.
Waiting for Artemis II
Finally, due to a series of decisions and the shockingly slow expected performance NASA and its contractors, the next Orion and SLS launch is unlikely to occur before 2025. Recently discussed by the US Government Accountability Office (GAO) in a September 2022 report [PDF], the cause is strange. GAO says that “NASA estimates it will require ~27 months between Artemis I and Artemis II due to Orion integration activities and reuse of avionics from the Artemis I crew capsule on…Artemis II.” In other words, even though Artemis I was near-flawless, Artemis II will be delayed partly because of an attempt to reuse a tiny portion of its successfully recovered capsule.
Ars Technica’s Eric Berger recently provided another tidbit of painful context with the discovery that the decision to reuse the first deep space Orion’s avionics boxes was made eight years ago to close a “$100 million budget hole.” Inexplicably, NASA and Lockheed Martin believe it will take more than “two years to re-certify the flight hardware.” Berger explains that years ago, NASA only intended to launch SLS’s first Block 1 variant once, and expected that it would take at least three years to retrofit the rocket’s sole launch tower for the rocket’s Block 1B upgrade and second launch overall.
Years later, parochial pork-hungry members of Congress leaped on an opportunity to force NASA to build a second launch tower to help avoid that three-year gap between launches. Ironically, that second tower, ML-2, is now expected to cost anywhere from 2.5 to 4 times more than its original $383 million price tag and is years behind schedule. Meanwhile, SLS Block 1B is also years behind schedule, which led NASA to decide to launch SLS Block 1 three times instead of just once.
Ultimately, that means that the bizarrely slow recertification of eight Artemis I Orion avionics boxes – not the SLS rocket, ground systems, or any rework required after their launch debut – is now “the primary critical path for…Artemis II.” As a result, Berger estimates that delays caused by the decisions NASA made to save $100 million almost a decade ago will likely end up costing taxpayers $1 billion.
Artemis II is unlikely to launch less than 27 months after Artemis I, pegging the launch no earlier than February 2025. That gap of more than two years is just 20% shorter than the 33-month gap a NASA advisor once said could raise safety concerns because of the loss of experience that would result, which factored into the decision to build a second launch tower. Ultimately, NASA appears to have secured another very large chunk of time to ensure that Artemis II – like Artemis I – goes as perfectly as possible when the time finally comes.
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 to launch military missile tracking satellites through new Space Force contract
SpaceX wins a $178.5M Space Force contract to launch missile tracking satellites starting in 2027.
The U.S. Space Force awarded SpaceX a $178.5 million task order on April 1, 2026 to launch missile tracking satellites for the Space Development Agency. The contract, designated SDA-4, covers two Falcon 9 launches beginning in Q3 2027, one from Cape Canaveral Space Force Station in Florida and one from Vandenberg Space Force Base in California. The satellites, built by Sierra Space, are designed to bolster the nation’s ability to detect and track missile threats from orbit.
The award falls under the National Security Space Launch Phase 3 Lane 1 program, which Space Force uses to move payloads to orbit on faster timelines and at more competitive prices. “Our Lane 1 contract affords us the flexibility to deliver satellites for our customers, like SDA, more easily and faster than ever before to all the orbits our satellites need to reach,” said Col. Matt Flahive, SSC’s system program director for Launch Acquisition, in the official press release.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
The SDA-4 contract is the latest in a long string of national security wins for SpaceX. As Teslarati reported last month, the Space Force recently shifted a GPS III satellite launch from ULA’s Vulcan rocket to SpaceX’s Falcon 9 after a significant Vulcan booster anomaly grounded ULA’s military missions indefinitely. That move made it four consecutive GPS III satellites transferred to SpaceX after contracts were originally awarded to its competitor.
This didn’t come without a fight and dates back years. SpaceX originally had to sue the Air Force in 2014 for the right to compete for national security launches, at a time when United Launch Alliance held a near monopoly on the market. Since then, the company has steadily displaced ULA as the dominant provider, and last year the Space Force confirmed SpaceX would handle approximately 60 percent of all Phase 3 launches through 2032, worth close to $6 billion.
With missile defense satellites now part of its launch manifest alongside GPS, communications, and reconnaissance payloads, SpaceX is giving hungry investors something to chew on before its imminent IPO.
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
