News
Rocket Lab’s NASA Moon launch to kick off new era of ultra-cheap deep space exploration
Rocket Lab will soon take its tiny Electron rocket further than any similarly-sized vehicle before it, sending a NASA satellite to the Moon and potentially kicking off a new era of unprecedentedly cheap space exploration.
On February 14th, the world-leading small satellite launch company announced – alongside NASA – that the space agency had awarded it a $9.95 million launch contract worth $9.95 million to send the $13.7 million Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment (CAPSTONE) CubeSat to lunar orbit. In other words, NASA has contracted a full-up scientific mission to the Moon for less than $25M total – almost unfathomably cheap compared to all interplanetary exploration performed in the last half-century.
In the same way we opened access to LEO for smallsats, we're excited to become the dedicated ride to the Moon & beyond for smallsats.— Rocket Lab (@RocketLab) February 14, 2020
The mission announcement comes just four months after Rocket Lab announced at the International Astronautical Congress in Washington D.C., that it would utilize its small two-stage rocket, Electron, and proprietary satellite bus platform, Photon, to support lunar orbit missions. It also occurs just two months after the official opening of Rocket Lab’s Launch Complex 2 located in Wallops, Virginia – a dedicated facility to specifically service NASA and the US government launch contracts.
According to Ana Rivera, LSP program integration manager for CAPSTONE, the launch will be Rocket Lab’s “inaugural NASA launch from their new launch site at the Mid-Atlantic Regional Spaceport in Virginia” and is expected to occur in the early part of 2021.
NASA’s CAPSTONE is a tiny spacecraft weighing around 55 lb (25 kg) – small enough for an equally tiny rocket to send it on an improbable journey. Rocket Lab’s two-stage Electron rocket will begin by launching CAPSTONE to LEO, where NASA says Photon – a Rocket Lab-built kick stage and satellite bus – will send CAPSTONE on its way to the Moon. CAPSTONE will then use its own propulsion system to enter a “Near Rectilinear Halo Orbit” (NRHO) around the Moon.
It is important to note that, under its own propulsion, CAPSTONE is expected to take nearly three months to reach its intended orbit around the moon. However, the CAPSTONE mission is an imperative one that could lead to better understandings about the journey to the moon and “can reduce navigation uncertainties ahead of our future missions using the same lunar orbit” according to Marshall Smith, director of human lunar exploration programs at NASA Headquarters.
Rocket Lab founder and CEO Peter Beck stated that Rocket Lab is “able to provide NASA with complete control over every aspect of launch and mission design for CAPSTONE, something typically only available to much larger spacecraft on larger launch vehicles. In the same way (Rocket Lab) opened access to low Earth orbit for small satellites, we’re proud to be bringing the Moon within reach to enable research and exploration.”
Photon – the all-in-one experience
Photon is a satellite bus platform designed with interplanetary delivery and deep space communication in mind. The small, but mighty, launch-to-orbit bus features downlink communication capability, radiation-tolerant avionics, and higher power generation. Photon is also able to precisely deploy multiple small payloads into various orbits enabling multiple mission launches supported by Rocket Lab’s proprietary Curie propulsion system.
In the era of NASA’s Artemis initiative to return astronauts to the moon, Beck explains that “small satellites will play a crucial role in science and exploration, as well as providing communications and navigation infrastructure to support returning humans to the Moon.” In this sense, small satellites will serve as pathfinders and build the necessary infrastructure prior to the arrival of more robust hardware such as NASA’s lunar spaceship Gateway and eventually human space travelers.
To date, Rocket Lab has successfully launched 11 missions and 48 satellites to low-Earth orbit. Eventually, Rocket Lab intends to use a recoverable and reusable Electron to loft Photon on interplanetary missions to lunar fly-by orbits, Near Rectilinear Halo Orbit (NRHO), and low-Lunar Orbit by the end of 2020. The two most recent missions – Running Out Of Fingers and Birds of a Feather – featured an upgraded first-stage of Electron that survived re-entry in one piece. This will hopefully lead to a fully recoverable first-stage rivaling the current recovery efforts of SpaceX with its first stage of the Falcon 9 boosters.
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Investor's Corner
Tesla and SpaceX take “Terafab” Trademark fight to Federal Court
Tesla and SpaceX sue a small Illinois firm after cease and desist letters over Terafab.
Tesla and SpaceX are asking a federal judge to rule that their planned Terafab chip factory does not infringe a small Illinois company’s trademark, a request that arrives only after months of quiet negotiation broke down this summer.
The dispute traces to May 18, when Tesla filed three U.S. trademark applications for “Terafab” and “Tesla Terafab,” covering semiconductor chips and related chip making services. TERA-print LLC, a nanotechnology company that has held a federal trademark for “Tera-Fab” since 2021, responded five days later with a cease and desist letter. According to the lawsuit, first reported by Reuters, TERA-print argued that Tesla and SpaceX’s use of “Terafab” would confuse consumers familiar with its own trademark, which covers a desktop photolithography printer sold to researchers for sensor and bioengineering work.
What stands out in the filing is the timing of TERA-print’s own paperwork. One day before sending that cease and desist letter, on May 22, TERA-print applied to expand its existing registration to cover semiconductor materials, silicon chips, nanoelectronic devices and AI design services, categories it had not previously claimed. Tesla and SpaceX call that filing opportunistic in their complaint, noting it arrived two months after Tesla’s public Terafab announcement and just days after Tesla’s own trademark applications went in.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
By June 10, TERA-print was threatening to sue for federal trademark infringement, false designation of origin and unfair competition, the complaint states. Rather than wait to be sued, Tesla, SpaceX and SpaceXAI met with TERA-print six separate times between June and August trying to resolve the dispute directly. Those talks collapsed, and the companies filed for declaratory judgment this week in the U.S. District Court for the Western District of Texas, asking a judge to find that “Terafab” does not infringe TERA-print’s mark before TERA-print can file a claim of its own.
TERA-print isn’t backing down. The company told PCMag it discussed a settlement with Tesla as recently as September 2 and feels misled by what it called Tesla’s professed interest in settling. Its CTO, Andrey Ivankin, said TERA-print holds a Defense Department contract to fabricate semiconductors and partially owns Mattiq Inc., an AI company built on TERA-print’s products, and that the company will vigorously defend its rights.
Tesla and SpaceX argue the overlap is superficial. Terafab is planned as a $16.8 billion complex spanning roughly 100 million square feet at the Grimes County site SpaceX confirmed last month, built to produce chips for Optimus robots, Tesla’s AI computing needs and SpaceX’s orbital data center ambitions, a scale and purpose the companies say no reasonable consumer would confuse with a tabletop lab printer. TERA-print’s product line has stayed focused on lithography tools for biological and sensor research since it registered its mark in 2021.
The trademark fight is the second legal dispute tied to the Terafab project in the past week, following a separate SpaceX suit aimed at keeping company records about the facility out of public view, as KBTX reported. Whether construction proceeds under the Terafab name now depends on a federal judge in Austin.
News
NHTSA just escalated its Tesla Cybercab investigation in a big way
NHTSA escalated its Cybercab audit into a sworn Special Order with a September 30 deadline.
Federal regulators have moved from asking Tesla questions about its Cybercab to demanding sworn answers. The National Highway Traffic Safety Administration issued a Special Order that requires a Tesla officer to sign an affidavit attesting to the completeness of the company’s responses, with a deadline of September 30.
The order builds on Audit Query AQ26002, which NHTSA opened on September 3, the same day Tesla began commercial Cybercab service in Austin. Teslarati covered that initial inquiry when it surfaced, noting the agency wanted to understand how Tesla certified a vehicle with no permanently attached steering wheel, pedals, or mirrors as compliant with Federal Motor Vehicle Safety Standards. A Special Order is a different tool and converts a fact finding review into a legally enforceable demand, the same mechanism NHTSA used against Tesla in 2023 during its Autopilot investigation.
Several of the 21 requests target a specific gap in Cybercab’s design. One asks whether Tesla used temporarily attached human controls at any point to help certify the vehicle, and if so, which standards depended on that equipment being present. Another quotes an existing rule directly: “The service brakes shall be activated by means of a foot control.” Cybercab has no foot pedal. NHTSA wants a detailed explanation of how the vehicle satisfies that requirement, and how it complies without the kind of exemption granted to Zoox in July under Part 555, the regulatory pathway built for steering wheel free vehicles.
The order does not claim Cybercab is unsafe or that Tesla broke a rule. It requires Tesla to explain, under oath, the reasoning behind decisions the company already made when it self-certified the vehicle. That distinction matters, but so does the exposure. Motor1’s reporting, summarized here, put potential civil penalty exposure as high as $139 million if NHTSA later finds the certification was flawed, on top of whatever criminal risk comes with a false sworn statement.
Tesla has not said publicly how it plans to respond. Cybercab is still carrying passengers in Austin through the Robotaxi app while the September 30 deadline approaches, and the company has continued expanding the vehicle’s footprint even as the regulatory question remains open. The Special Order does not pause any of that and just sets a date by which Tesla has to put its certification logic on the record, with a company officer’s name attached to it.
In a new interview on Wednesday, Tesla uber bull Ron Baron said that anyone looking to buy the company’s stock should do so as soon as they can.
Baron, founder and CEO of Baron Capital and one of Tesla’s most persistent institutional bulls, used a CNBC Squawk Box appearance on Wednesday to deliver a familiar message with fresh urgency: In his opinion, Tesla stock is a buy:
“The time to buy the stock is now. FSD is catching on, and it’s going to be bigger and bigger. 55% of new buyers are buying it (Teslas) with FSD. It’s going to be everywhere. It’s safer.”
The Baron Capital frontman’s case is built around Full Self-Driving. Tesla reported 1.48 million active FSD subscriptions in the second quarter, up 56 percent year over year, and company officials have said roughly 55 percent of new North American deliveries left with a subscription enabled.
Baron framed that attach rate as proof the product is moving from enthusiast extra to default expectation, and as a reason software, not just vehicle volume, should drive the next phase of value.
His conviction on Tesla shares is not theoretical, as Baron Capital made its first Tesla investment in 2014, after years of meetings that began around the 2010 IPO roadshow. The firm later built a large SpaceX position starting in 2017.
Ron Baron today in new interview on Tesla:
“The time to buy the stock is now. FSD is catching on, and it’s going to be bigger and bigger. 55% of new buyers are buying it (Teslas) with FSD. It’s going to be everywhere. It’s safer.” pic.twitter.com/Rv5PB0bVZ2
— Sawyer Merritt (@SawyerMerritt) September 16, 2026
Baron said those Musk-led bets have generated about $30 billion of the $71 billion in profits Baron Capital has produced for clients. He put the firm’s current exposure at roughly $25 billion in SpaceX and $5 billion in Tesla. Personally, he described SpaceX as his largest holding, at about $5 billion, with about $1.5 billion in Tesla and additional Tesla exposure through the firm’s funds.
That concentration is also a statement of loyalty. Asked about talk of a SpaceX-Tesla combination, Baron said he had already walked Elon Musk through arguments for and against a deal, then declined to repeat them on air. His public position was simpler: “Whatever you decide is better is what I’m going to support,” he said to Musk.
Baron also said that he picked up the farewell edition of the Model S after Tesla decided to sunset the vehicle earlier this year, calling it his favorite car he’s ever driven.
Tesla and SpaceX take “Terafab” Trademark fight to Federal Court
NHTSA just escalated its Tesla Cybercab investigation in a big way
