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NASA braces for ‘7 minutes of terror’ as rover, rocket crane near Mars
NASA’s most ambitious – and difficult – Mars rover mission to date is nearly at the end of its interplanetary journey, but it is just the beginning of the excitement. On Tuesday (Feb. 16) engineers at NASA’s Jet Propulsion Laboratory (JPL) confirmed that Perseverance is doing well and is prepared to attempt a touchdown at about 12:55 p.m. PST (3:55 p.m. EST) on Thursday (Feb. 18).
NASA’s fifth Mars rover, Perseverance, will attempt a tried and true, but terrifying landing method to reach the Martain surface safely. In a process called entry, descent, and landing (EDL) the rover will burst through the Martian atmosphere at 12,500mph (20,000 kph) and slow to just under 2mph (3kph) in about seven minutes – a process which has earned the nickname “seven minutes of terror.”
From interplanetary spacecraft to Martian rover in seven minutes
For the past seven months, Perseverance has traveled 300 million miles (480 million kilometers) as an interplanetary spacecraft. When it reaches its final destination of Mars on Feb. 18, the spacecraft will have to shed some layers to prepare to land on the Martian surface. Perhaps the most challenging part of the seven minutes of terror is that Perseverance will conduct every aspect autonomously – engineers back on Earth will not be able to intervene due to the communications time delay caused by the distance between Earth and Mars.
During the first stage of landing known as entry, Perseverance will slam into the relatively thin Martian atmosphere at the neck-break speed of 12,500mph (20,000 kph). At approximately 12:38 p.m. PST (3:38 p.m. EST), 10 minutes prior to entering the Martian atmosphere, the Cruise Stage which has reliably propelled Perseverance on its journey from Earth via solar power will separate. This will initiate the official transition from spacecraft into rover.
To protect the rover and its critical hardware Perseverance is housed inside of a protective covering – called an aeroshell – and is outfitted with a robust heat shield. Small thrusters at the crown of the aeroshell help to reorient itself and ensure that the heat shield is facing in the right direction as it enters the atmosphere. The aeroshell and heatshield will absorb and deflect the brunt of the heat energy – reaching about 2,370 degrees Fahrenheit (about 1,300 degrees Celsius) – caused by the friction of entering the Martian atmosphere at such a high velocity.
Once through peak heating and deceleration, Perseverance will utilize a new technology called Range Trigger to determine its exact location and distance to the surface. The spacecraft will utilize this technology to autonomously determine the optimal time to deploy its supersonic parachute – the largest ever sent to Mars – and separate its heat shield. This is expected to occur at 12:52 p.m. PST (3:52 p.m. EST). Once the heat shield has separated the powered descent stage – and the Perseverance rover itself – will be exposed to the Martian environment.
Although a similar descent method has been used in the past with the landing of NASA’s Curiosity rover in 2012, Perseverance’s way of doing things has received a major upgrade.
Once the heat shield has been dispersed, Perseverance will use a radar and cameras to utilize a new landing technology called Terrain-Relative Navigation. Essentially, Perseverance will continuously take images to map out the Martian surface as it descends to determine its exact location. The spacecraft will actively decide and target the best possible safe landing site which can be autonomously changed up to 2,000 feet (600 meters). Then the aeroshell and parachute are jettisoned and it’s the powered descent module’s time to shine.
Using rockets to land, rather than to launch
Just two minutes after ditching the heat shield, at 12:54 p.m. PST (3:54 p.m. EST) and only 1.3 miles (2.1 kilometers) above the surface, the powered descent stage will fire eight throttleable retrorockets to slow the spacecraft’s descent even more and steer it to its chosen landing target. During the powered descent phase, the spacecraft will slow from about 190 mph (306 kph) to just 1.7 mph (2.7 kph).
Once the spacecraft determines that it is 65 feet (20 meters) from the surface by utilizing the Terrain-Relative Navigation, the powered descent stage will initiate the sky crane maneuver. In this phase, the Perseverance rover will be delicately lowered to the Martian surface with a system of Nylon cords.
At 12:55 p.m. PST (3:55 p.m. EST) the $2.4 billion NASA Mars 2020 mission will officially touchdown on the surface of Mars in the Jezero Crater. Once safely down, the sky crane will severe the cords and fly off for a crash landing at a safe distance away from the rover.
During the landing attempt, NASA’s Mars Reconnaissance Orbiter will be overhead and constantly sending telemetry back to Earth via NASA’s Deep Space Network. The telemetry will indicate to engineers back at NASA JPL if the landing procedure was successful and will confirm a touchdown at 12:55 p.m. PST (3:55 p.m. EST).
This will be the first time that a NASA Mars rover will be landing with its eyes open, so to speak. NASA hopes that the first images – and sounds – of the Martian landing will be available to release to the public within about an hour of confirmed touchdown.
Beginning around 11:15 am PST (19:15 UTC) on Thursday, February 18th, NASA will provide live coverage of Perseverance’s landing attempt. The agency will carry the coverage on NASA TV and its website, as well as a number of other platforms including YouTube, Twitter, Facebook, LinkedIn, Twitch, Daily Motion, Theta.TV, and the NASA app. You can view the entry, descent, and landing process in its entirety in the video below provided by NASA’s JPL.
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Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
