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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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In a pointed message on X, Elon Musk warned that firms maintaining significant short positions in SpaceX over time face “very low” survival probability.
The statement comes amid post-IPO volatility for the rocket company, now trading under the ticker $SPCX.
The survival probability of firms who maintain a significant short position in SpaceX over time is very low
— Elon Musk (@elonmusk) July 17, 2026
Five weeks after what was described as the largest IPO in history, the stock had fallen roughly 30% from its peak above $2.6 trillion, briefly surpassing Microsoft and Amazon in market value. Short sellers celebrated gains of about $8.7 billion, but Musk’s reply underscores his long-term conviction.
The warning directly echoes a detailed bullish analysis arguing that Starship’s cost reductions could unlock a multi-trillion-dollar space economy. Projects ranging from solar power beamed from orbit and asteroid mining to orbital data centers and Mars terraforming were projected to create over $100 trillion in new market capitalization.
In this vision, SpaceX acts as the essential infrastructure provider, akin to AWS for cloud computing, capturing monopoly-like revenues from launches, crew transport, and data traffic across a rapidly expanding frontier.
This is far from the first time Musk has targeted short sellers. With Tesla, he has repeatedly framed persistent bears as destined for major losses. In July 2024, Musk declared that once Tesla achieves full autonomy and volume production of Optimus robots, “anyone still holding a short position will be obliterated. Even Gates,” referencing Microsoft co-founder Bill Gates’ reported short bets.
Elon Musk reveals what Tesla stock surge could do to Bill Gates
Earlier, in 2018, he taunted shorts that they had “about three weeks before their short position explodes,” a remark followed by sharp stock gains. Musk has also called short selling “value destroying” and once suggested it “should be illegal,” viewing it as betting against innovation and progress.
Critics often dismiss Musk’s optimism as hype, especially when near-term metrics like quarterly deliveries or stock fluctuations disappoint.
Yet his pattern remains consistent: framing short positions against his companies as fundamentally misjudging exponential technological leaps. For SpaceX shorts, the message is clear: betting against multi-planetary ambitions and the infrastructure monopoly they enable carries existential risk for the firms involved.
As Musk and supporters see it, the space economy’s upside dwarfs Earth-bound valuation models, making today’s dips temporary in a decades-long ascent.
Tesla has evidently revealed which of its vehicle models will be the first to receive Starlink integration: the Cybercab.
Tesla’s Santana Row showroom now has a full-fledged display of the Cybercab, with an extensive bit of information hung around an exhibit that seems to reveal the vehicle’s newest feature: an integrated Starlink antenna that will enable secure and reliable internet access during trips.
Credit: @Starscream_SJC | X
Cybercab is geared toward autonomous ride-hailing for one or two passengers. The production units rolling off the lines at Gigafactory Texas are built without steering wheels or pedals, meaning when public rides begin, passengers will not need to interact with a human being or control the vehicle in any way outside of what appears on the center screen for their entertainment during the ride.
Tesla Santana Row will be reopening tomorrow with a full focus on self-driving. Everything in the showroom is about Robotaxi and Cybercab with stats and information about the technology. The Cybercab on display is the production model. pic.twitter.com/yIUYdOGFOp
— Shaun Cassidy (@Starscream_SJC) July 20, 2026
Along the display, Tesla wrote this message about Cybercab:
“Cybercab is built for autonomy. It has no steering wheel, no side mirrors, and no pedals. It goes where you tell it to go and how you want it to, so you can relax along the way. It is hyper aware and responsive to your surroundings, monitoring other drivers, responding to emergency vehicles, utilizing its expertise in the rarest scenarios to help keep you safe.”
Tesla has been teasing a potential Starlink integration for quite some time now. In December, the company hinted at potential Starlink internet terminal integration within its vehicles in a patent that described a vehicle roof assembly with integrated radio frequency (RF) transparency.
The company wrote in its patent application that a new roof design built with materials that differ from the standard metallic or glass elements used in today’s cars would allow it to integrate modern vehicular technologies, in particular, ones that require radio frequency transmission and reception.
Tesla suggested high-strength polymer blends, like Polycarbonate, Acrylonitrile Butadiene Styrene, or Acrylonitrile Styrene Acrylate.
This is the first time we’ve seen Tesla officially confirm the Starlink integration into the Cybercab. It’s not much of a surprise considering the company’s intention behind the Cybercab, which is to make travel autonomous.
Productivity will now be at a maximum during a work-related commute, while the center screen could be utilized for Netflix or potentially even live TV for those who are heading to dinner or to a fun activity.
SpaceX has updated its target for the thirteenth integrated flight test of Starship, aiming for as early as Thursday, July 23. The 90-minute launch window opens at 5:45 p.m. CT from the company’s Starbase facility in South Texas.
The target flight was initially rescheduled for today, but SpaceX pushed it back again.
This latest adjustment follows an aborted attempt earlier in the week and reflects the iterative, rapid-development approach that has defined the Starship program. With the vehicle already stacked and ground teams making final preparations, the mission represents another step toward proving the full reusability of the world’s most powerful rocket system.
Now targeting to launch Starship’s thirteenth flight test as early as Thursday, July 23 → https://t.co/Rp7VwBzpWx pic.twitter.com/Y0YNzfc5zk
— SpaceX (@SpaceX) July 19, 2026
The original launch attempt on July 16 was scrubbed at T-0 when several Raptor engines on the Super Heavy booster failed to ignite properly. The automatic abort system triggered just as the engines began their startup sequence, preventing liftoff.
SpaceX CEO Elon Musk confirmed that some engines did not start as expected, prompting the decision to replace two Raptors on Booster 20 to ensure reliability. The issue occurred despite a successful full-duration static fire earlier, highlighting the complexities of coordinating 33 engines under flight conditions.
This cautious approach underscores SpaceX’s commitment to safety amid an aggressive test cadence.
Flight 13 builds directly on the lessons from Flight 12 in May 2026. The Super Heavy booster’s primary goals include a successful liftoff, ascent, stage separation, boostback burn, and controlled splashdown in the Gulf of America.
Hardware and software modifications address the off-nominal flip and boostback burn problems from the prior flight, where propellant slosh and engine relight issues led to an uncontrolled impact.
For the Starship upper stage, objectives include deploying 20 operational Starlink V3 satellites, the first real payload of this type, performing a single Raptor engine relight in space, and executing a controlled entry, descent, and splashdown in the Indian Ocean. Propulsion upgrades aim to improve engine-out capability after one vacuum Raptor was lost on Flight 12.
Additional test elements focus on heat shield performance. Six satellites carry cameras to image the tiles during flight, while white-painted tiles and upgraded attachments on flaps and the aft skirt will gather data for future reusability.
The FAA completed its mishap investigation into Flight 12 earlier this month, clearing the regulatory path.
This suborbital mission, the second with V3 vehicles, advances Starship toward operational missions, including potential crewed flights and support for NASA’s Artemis program. Success would mark significant progress in rapid reusability and satellite deployment from the massive system.
Elon Musk sends first warning to SpaceX short sellers
Tesla reveals first vehicle model to receive Starlink integration
