News
NASA Mars rover promises blazing entrance after China, UAE make it to Mars orbit
The month of the robotic invasion of Mars is upon us. Seven months ago, the United States, China, and the United Arab Emirates launched missions on a 300 million mile (480 million kilometer) journey to Mars.
Last week, two of the three missions quietly arrived and inserted themselves into Mars orbit. The final spacecraft to arrive, NASA’s Mars 2020 Perseverance mission, however, will not go gently into the Martian atmosphere. On Thursday, February 18, NASA’s latest Mars mission destined to uncover evidence of ancient microbial life on the distant planet is set to touchdown following a spectacular display of extremely complex engineering.
Getting to Mars
Launching to the Red Planet is a strategic maneuver that can only be completed once every two years. This is due to the varying speeds and the elliptical shape of the planets’ orbits around the sun. The point at which Earth and Mars are aligned close enough to minimize travel time, called an opposition, occurs only once every two years.
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
The most recent opposition occurred in July 2020. Four international Mars missions were intended to leave Earth that summer, however, due to required further certification of parachutes the European Space Agency’s ExoMars Rosalind Franklin rover would have to wait for its launch opportunity during the next planetary opposition to occur in 2022. That left three robotic invaders from the United States, the United Arab Emirates, and China to escape Earth’s orbit and become interplanetary superstars.
Hope arrives to Mars
The United Arab Emirates Space Agency’s first-ever interplanetary mission, a spacecraft named Al-Amal, or the Hope Probe, was developed in collaboration between the Mohammed bin Rashid Space Center, Laboratory for Atmospheric and Space Physics at the University of Colorado Boulder, Arizona State University, and the Space Sciences Lab at the University of California, Berkeley. It was launched on July 19, 2020, from Tanegashima Space Centre in Japan aboard an H2A202 rocket. On Tuesday, February 9, the Hope Probe was the first of the three missions to complete the journey to Mars and successfully insert itself into orbit.
The Hope Probe arrived to near-Mars orbit traveling approximately 75,000 mph (121,000 kph), far too fast to successfully achieve a safe Martian orbital insertion maneuver. In order to slow down to the approximate 11,000mph (18,000 kph) needed to be captured by Mars orbit, the spacecraft had to autonomously fire its main thrusters and perform a Mars Orbit Insertion burn lasting an agonizing 27 minutes. To compensate in the instance of a thruster failure, there was a backup safety protocol that would’ve doubled the length of the burn. After 27 grueling minutes, the Mohammad Bin Rashid Space Center located in Dubai reported that the maneuver was completed successfully and the Hope Probe had arrived at its final destination.
Unlike the American and Chinese missions to Mars which will land rovers on the surface, the United Arab Emirates’ Hope Probe will remain in Mars orbit for the duration of its mission – approximately two Martian years. The spacecraft is equipped with a suite of three instruments, two spectrometers – one infrared and one ultraviolet – to study the Martian atmosphere, and one imager to capture high-resolution images to study the surface from afar.
China’s Tianwen-1 Rover will hang out in orbit before landing in May
The same type of Mars Orbit Insertion maneuver was completed by China’s first interplanetary mission, the Tianwen-1 spacecraft. Launched from China on July 23, 2020, Tianwen-1 arrived at Mars orbit just one day after the Hope Probe on Wednesday, February 10.
The Tianwen-1 spacecraft had to autonomously complete an excruciating 11-minute “braking” burn to slow down which took it behind the planet as it was captured by Mars gravity and entered into orbit.
Like NASA’s Perseverance, the Tianwen-1 mission features a rover that will eventually land on the surface of Mars. The process to get the rover to the surface, however, varies from that of NASA’s Mars 2020 Perseverance mission.
The Tianwen-1 spacecraft is made of two components, an orbiter and a rover. Currently, it is planned that the orbiter will spend some time in Mars orbit for a period of comprehensive observation before attempting a landing of the rover in May. Ideally, the spacecraft will then touch down in a region known as Utopia Planitia.
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
Once the rover safely makes it to the surface it will initiate the investigation period of the mission. The rover carries a suite of scientific instruments that will be used to investigate the composition of the Martian surface searching for the potential distribution of water and ice. Similar to China’s Yutu 2 rover which is exploring the Moon, the Tianwen-1 rover also carries a panoramic camera to image the planet.
Perseverance and Ingenuity like no other
The last of the three Mars missions – NASA’s Mars 2020 Perseverance mission launched on July 30, 2020, from Cape Canaveral Space Force Station aboard a United Launch Alliance Atlas 5 rocket. As far as Mars arrivals go, the best has certainly been saved for last. Following the success of the other two missions from China and the United Arab Emirates, the stage is set for Perseverance to make its dramatic entrance.
NASA’s Mars 2020 Perseverance mission is by far the most ambitious mission to launch to Mars during the 2020 planetary transfer window. NASA is not attempting to land one, but two spacecraft on the surface of Mars. The $2.4 billion Mars 2020 mission is comprised of the Perseverance rover – powered by the heat produced by radioactive decay of Plutonium – and a first of its kind rotary helicopter called Ingenuity. It is scheduled to arrive in dramatic fashion on Thursday, February 18.
Rather than conducting a braking maneuver to slow down and enter Mars orbit, the Perseverance spacecraft will autonomously conduct the entry, descent, and landing (EDL) procedure – essentially going from traveling several thousand miles an hour to descending slowly under a parachute canopy to softly land in mere minutes.
The spacecraft – housed in a protective aeroshell with its robust heat shield facing the planet’s surface – will burst into Mars’ atmosphere traveling nearly 12,500 mph (20,000 kph). Once through, Pesevereance will ditch its heat shield and autonomously begin scanning the Martain terrain to determine its relative location and make adjustments to find an optimal landing spot. Then, a powered descent module will deploy transporting the rover the rest of the way down slowing to less than 2mph (3kph). Finally, the descent module will hover and deploy a complex harness system lowering Perseverance – and its stowaway, the Ingenuity helicopter – to the Martian surface for touchdown.
After seven months of interplanetary travel, it all comes down to the final seven minutes – the length of time the EDL process is expected to take. All spacecraft controllers back on Earth can do is watch and wait for that final telemetry reading indicating that Perseverance has successfully touched down. That is why this process has earned the nickname “seven minutes of terror.”
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 NASA App.
Stay ahead of the curve and be the first to learn about new industry trends each week!
Follow along as our team gives you their take on the biggest stories of the week.
Elon Musk
Tesla Earnings: financial expectations and what we should to hear about
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects.
Tesla (NASDAQ: TSLA) will report its earnings for the first quarter of 2026 this evening after the market closes, and analysts have already put out their expectations from a financial standpoint for the company’s first three months of the year.
Additionally, there will be plenty of things that will be discussed, including the recent expansion of the Robotaxi program, the Roadster unveiling, and Full Self-Driving (Supervised) approvals across the globe.
Financial Expectations
Wall Street consensus expectations put Tesla’s Earnings Per Share (EPS) at $0.36, while revenues are expected to come in around $22.35 billion.
This would compare to an EPS of $0.27 and $19.34 billion compared to Tesla’s Q1 2025. Last quarter, EPS came in at $0.50 on $29.4 billion of revenue.
Tesla beat analyst expectations last quarter, but the next trading day, the stock fell nearly 3.5 percent. We never quite can gauge how the market will respond to Tesla’s earnings; we’ve seen shares rise on a miss and fall on a beat.
It really goes on the news, and investor consensus, it seems.
What to Expect
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects. Right now, the big focus of investors is the Robotaxi program, the Roadster unveiling, and what the outlook for Full Self-Driving’s expansion throughout Europe and the rest of the world looks like.
Robotaxi
Tesla just recently expanded its unsupervised Robotaxi program to Dallas and Houston, joining Austin as the first cities in the U.S. to have access to the company’s ride-hailing suite.
Tesla expands Unsupervised Robotaxi service to two new cities
Some saw this move as a quick effort to turn attention away from a delivery miss and an anticipated miss on earnings. However, we’ve seen Tesla be more than deliberate with its expansion of the Robotaxi suite, so it’s hard to believe the company would make this move if it were not truly ready to do so.
The company is also working to expand its U.S. ride-hailing service outside of Texas and California, and recently filed paperwork to build a Robotaxi-exclusive Supercharger stall.
Expansion is planned for Florida, Nevada, and Arizona at some point this year, with more states to follow.
Roadster Unveiling
The Roadster unveiling was slated for April 1, and then pushed back (once again) to “probably late April,” according to Elon Musk.
It does not appear that the Roadster unveiling will happen within that time frame, at least not to our knowledge. Nobody has received media or press invites for a Roadster unveiling, and given the lofty expectations set for the vehicle by Musk and Co., it seems like something they’d want to show off to the public.
The Roadster has become a truly frustrating project for Tesla and its fans; evidently, there is something that is not up to the expectations Musk and others have. Meanwhile, fans are essentially waiting for something that is six years late.
At this point, also given the company’s focus on autonomy, it almost seems more worth it to just cancel it, remove any and all timelines and expectations, and surprise people with something crazy down the line, maybe in two or three years. There should be no talk of it.
Full Self-Driving Global Expansion
We expect Musk and Co. to shed some details on where it stands with other European government bodies, as it recently was able to roll out FSD (Supervised) to customers in the Netherlands.
Spain is also working with Tesla to assess FSD’s viability as a publicly available option for owners.
With that being said, there should be some additional information for investors as they listen to the call; no talk of it would be a pretty big letdown.
Optimus
There will likely be a date set for the Gen 3 Optimus unveiling, and we’re hopeful Tesla can keep that date set in stone and meet it. Not reaching timelines is a relatively minor issue, but a company can only do this for so long before its fans and investors start to lose trust and disregard any talk about dates.
It seems this is happening already.
Optimus has been pegged as Tesla’s big money maker for the future. The goals and expectations are high, but it is a privilege to have that sort of pressure when investors know the company’s capability.
News
Tesla just unlocked sales to 50,000+ government agencies
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
Tesla just unlocked sales to over 50,000 government agencies by entering a new agreement with Sourcewell, a purchasing cooperative.
Tesla entered a new master purchasing agreement with Sourcewell, the largest government purchasing cooperative in the U.S. This will enable streamlined sales of its EVs to more than 50,000 U.S. public entities. Tesla entered Designated Contract 0813525-TES, and the agreement covers Model 3, Model Y, and Cybertruck, and potentially other vehicles the company could release.
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
The deal allows eligible agencies, including cities, school districts, state governments, and higher-education institutions, to purchase Tesla vehicles directly through Sourcewell without conducting their own lengthy competitive bidding or request-for-proposal (RFP) processes.
Pricing is pre-negotiated and capped, providing transparency and predictability. Agencies simply register for a Sourcewell account online or by phone and place orders under the existing contract. This cooperative model aggregates demand across thousands of members, reducing administrative costs and time while ensuring compliance with public procurement rules.
For Tesla, the agreement removes major barriers to government fleet sales. Public-sector procurement cycles often stretch 12 to 18 months due to bidding requirements and committee reviews.
Tesla buyers in the U.S. military can get $1,000 off Cybertruck purchases
By securing the master contract, Tesla gains immediate, simplified access to a massive customer base that previously faced friction in adopting EVs. The company highlighted in its announcement that the partnership will help these 50,000-plus agencies “save thousands of $$$ in operating costs for their vehicle fleet over time” through lower maintenance, energy efficiency, and the elimination of tailpipe emissions.
The initial four-year term runs through November 13, 2029, with options for up to three one-year extensions, offering long-term stability for both parties.
Sourcewell’s role is central to execution. As a cooperative purchasing organization, it negotiates and manages vendor contracts on behalf of its members, then makes them available nationwide. Participating entities contact Tesla’s dedicated fleet team or Sourcewell representatives to complete purchases, bypassing redundant paperwork.
This structure accelerates fleet electrification while maintaining fiscal accountability—agencies receive pre-vetted pricing and terms without reinventing the wheel for each vehicle order.
The partnership positions Tesla to capture a larger share of the public fleet market, where total cost of ownership often favors electric vehicles once procurement hurdles are removed.
For government buyers, it translates to faster deployment of sustainable fleets, reduced long-term expenses, and alignment with environmental mandates. As more agencies transition, the contract could contribute to broader EV infrastructure growth and taxpayer savings across the country.
Elon Musk
How much of SpaceX will Elon Musk own after IPO will surprise you
SpaceX’s IPO filing confirms Musk will maintain his voting power to make key decisions for the company.
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote.
Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing. Beyond that, the filing includes provisions that may limit shareholders’ influence over board elections and legal actions, forcing disputes into arbitration and restricting where they can be brought.
The case for Musk holding this level of control is grounded in SpaceX’s actual history. The company’s most important bets, from reusable rockets to a global satellite internet constellation, were decisions that ran against conventional aerospace thinking and would likely have faced resistance from a board accountable to investor gains. Fully reusable rockets were considered economically irrational by established industry players for years. Starlink, which now generates over $4 billion in annual operating profit, was widely dismissed as financially unviable when it was proposed. The argument for concentrated founder control seems straightforward, and the decisions that built SpaceX into what it is today required someone willing to ignore consensus and absorb years of losses.
SpaceX files confidentially for IPO that will rewrite the record books
For context, Musk’s position is significantly more dominant than Zuckerberg’s at Meta. The comparison with Tesla is also worth noting. When Tesla did its IPO in 2010, it did not issue dual-class shares. Musk has only recently pushed for enhanced voting protection, proposing at least 25% control at Tesla in 2024 after selling shares to fund his Twitter acquisition left him with around 13%.
SpaceX has clearly learned from that experience and structured the IPO differently by planning to allocate up to 30% of shares to retail investors, roughly three times the typical norm for a large offering. The roadshow is expected to begin the week of June 8, with a Nasdaq listing rumored to be a $1.75 trillion valuation and a $75 billion raise.
Tesla Earnings: financial expectations and what we should to hear about
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
