Space
NASA’s next Mars mission will search for fossilized remains of ancient life near once lake
NASA is gearing up to launch its next Mars rover. Dubbed 2020, the roving scientist is set to blast off to the Red Planet next year, aiming to find signs of life and bag samples for eventual return to Earth.
The rover, scheduled to launch next summer, will touch down in February 2021. It’s landing site: a 28-mile-wide crater on the Martian surface, dubbed Jezero Crater, which scientists think hosted a lake in Mars’s past.
Recent data collected from the Mars Reconnaissance Orbiter also shows that Jezero contains mineral deposits known to preserve microfossils here on Earth.
Hydrated silica is one such mineral and thanks to the eagle-eyed orbiter, scientists have identified not one but two patches in the crater.
Orbital imagery has also revealed the remnants of a large delta in Jezero. Deltas are the place where rivers drain into a lake. These are promising areas for life and one of the main factors in choosing this specific location as the landing site.
“The landing site in Jezero Crater offers geologically rich terrain, with landforms reaching as far back as 3.6 billion years old, that could potentially answer important questions in planetary evolution and astrobiology,” Thomas Zurbuchen, associate administrator for NASA’s Science Mission Directorate said in a news release.”Getting samples from this unique area will revolutionize how we think about Mars and its ability to harbor life.”
A map of the mineral content in Jezero crater. The green color represents carbonates, which are good at preserving fossilized life on Earth. Credit: NASA/JPL-Caltech.
But that’s not the only exciting discovery at Jezero. Carbonate minerals were also found. This is exciting because many organisms here on Earth use carbonate minerals to make sturdy structures, like seashells. These structures can last for billions of years once fossilized.
Scientists say that carbonates plus evidence of ancient water is the perfect combination for preservation. Meaning it’s an excellent spot to search for any signs of past lifeforms and to uncover clues about Mars’s climate history.
Carbonates are not biosignatures or signs of life, but they’re an exciting discovery because they form from the interaction between water and carbon dioxide. So they could also tell us how Mars transitioned from a warm and wet climate to the harsh, cold desert world we see today.
“The possibility that the ‘marginal carbonates’ formed in the lake environment was one of the most exciting features that led us to our Jezero landing site. Carbonate chemistry on an ancient lakeshore is a fantastic recipe for preserving records of ancient life and climate,” Ken Williford Mars 2020 Deputy Project Scientist said in a statement. “We’re eager to get to the surface and discover how these carbonates formed.”
Anatomy of a Mars2020 rover. (Credit: NASA/JPL-Cal-tech)
The Mars 2020 rover will scan the crater in search of any potential biosignatures. To that end, the robotic scientist will act as a remote geologist, studying rocks in fine details, caching samples for later return to Earth, and using special instruments to identify minerals in rocks.
Another big aspect of the Mars 2020 mission will be to collect samples for eventual return to Earth, where scientists around the world can study the material.
Mars 2020, will receive an official name before launch as part of a student naming competition hosted by NASA. The six-wheeled rover is destined to touch down in Jezero crater on Feb. 18, 2021, following a July 2020 launch. Around the same time, it’s European counterpart, the Rosalind Franklin ExoMars rover will arrive on Mars at a soon-to-be-announced location.
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.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Elon Musk
SpaceX to become America’s Military data backbone for missiles, drones, and warfighters
The Space Force just handed SpaceX $2.29 billion to build the military’s space internet backbone.
The U.S. Space Force awarded SpaceX a $2.29 billion contract on May 26, 2026 to build the backbone of its Space Data Network, a satellite-based communications system designed to keep American military forces connected anywhere on Earth in real time. The contract is firm-fixed-price and requires SpaceX to deliver a fully operational prototype by the end of 2027.
In plain terms, the SDN Backbone is the plumbing behind the military’s space-based internet. It functions as a low Earth orbit satellite constellation providing robust, high-capacity, and low-latency data transport for the Joint Force, connecting sensors and weapons systems continuously, globally, and securely. Think of it as a private, hardened version of Starlink built specifically for battlefield communications, one that soldiers, ships, and aircraft can rely on even in contested environments where ground-based networks have been disrupted.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
The Space Force was direct about why SpaceX was selected. “The SDN Backbone leverages the best of commercial innovation and delivers a strong foundation for the SDN mission set — a huge benefit and enabler for our warfighters,” said USSF Col. Ryan Frazier.
“We aren’t trading speed for scale; we are demanding both. By using rapid prototyping and Other Transaction Authorities, we are ensuring our advanced solutions are integrated and delivered to the warfighter as fast as possible,” added USSF Lt. Col. Fry, SDN Backbone system program manager.
The SDN Backbone will work alongside the Space Development Agency’s Transport Layer, with the two systems forming a unified open architecture to provide critical data transport for current and future Department of War missions.
As Teslarati has reported, this is not SpaceX’s first Space Force contract of 2026. In April, the Space Force awarded SpaceX $178.5 million to launch missile tracking satellites, and SpaceX is already embedded in the Golden Dome missile defense software group. The $2.29 billion SDN Backbone award puts SpaceX at the center of how the American military communicates in space, a position with direct implications for its reported $1.75 trillion IPO valuation as the company heads toward a public offering as early as June 2026.
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