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NASA’s Mars InSight mission opens doors to hyper-affordable satellite industry
On November 26, 2018, NASA’s InSight lander arrived at Mars, our neighboring red planet, after a nearly seven month journey through deep space, but it didn’t travel alone. Twin satellites, collectively named “Mars Cube One” (MarCO), launched aboard the same Atlas V rocket on May 5, 2018 and followed closely behind. The MarCO mission was flown with InSight as a demonstration of communication and navigation capabilities for satellites in the CubeSat category. Each device measures about 14.5 inches by 9.5 inches, forming a six-unit CubeSat, and their mission represents a new chapter in citizen space exploration.
What are CubeSats?
CubeSats are tiny satellites meeting specific dimensions (multiples of 10 cm x 10 cm x 10 cm, 1 kg) and generally built with off-the-shelf components. They originated as an attempt to provide affordable access to space for the university science community and have since expanded into a multitude of other civilian projects, both non-profit and commercial. NASA in particular has worked to formalize the requirements for these types of satellite missions, even providing guides to assist with team efforts. CubeSat projects to date have included things like orbital telescopes, testing propulsion concepts (ion engines, solar sails), radio transmissions, and music via sonification.
Considering the average cost for a standard satellite is in the millions of dollars for both development and launch, the $50,000 or so the average CubeSat costs to build and launch is practically miniscule in comparison. Even projects with higher budget requirements can find funding readily enough, meaning that space exploration is no longer limited to large government projects and multimillion dollar corporate products. Now, with MarCO’s successful trip to Mars, Earth orbit is no longer the limitation for these small satellites. With companies like SpaceX pushing for multiplanetary habitation, enthusiastic citizen space explorers could perhaps assist with the scientific and technological research that will be needed to get us there.
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- A mockup of MarCO on display at a NASA InSight event. | Credit: Pauline Acalin
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- A mockup of MarCO on display at a NASA InSight event. | Credit: Pauline Acalin
The Mars Cube One Mission
MarCO’s primary mission was to demonstrate the ability to relay status information from the InSight lander to Earth as the craft descended onto the Martian surface. To accomplish this, the CubeSats transmitted signals to NASA’s already orbiting Mars Reconnaissance Orbiter which then forwarded the information to Earth. The successful transmissions provided scientists with information on InSight’s status much faster than would have otherwise been available due to orbital limitations. Additionally, the twin satellites used their own navigational systems to guide their journey to Mars, further advancing the cause of tiny satellites in deep space.
The success of the MarCO mission doesn’t just mean good news for future Mars citizen explorers. With the Moon back in the spotlight for exploratory missions and the growing interest in close, deep space targets like Venus, a wealth of data may be the near future arising from CubeSat projects. Where money was once a major inhibitor to space science projects, MarCO’s CubeSats have left the door wide open for the next generation of exploration to begin.
Watch the below video for more about NASA’s first deep space CubeSats:
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
