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SpaceX drone ship heads to sea for first 2022 Falcon launch
SpaceX drone ship Of Course I Still Love You (OCISLY) departed Port Canaveral on January 1st, heading to sea on the first day of the year for SpaceX’s first launch of 2022.
With a launch manifest that’s never been more jam-packed and seemingly achievable, it’s no surprise that SpaceX is wasting no time kicking off what could be its third record-breaking year in a row. Barring delays, drone ship ASOG will arrive about 640 km (400 mi) downrange at its recovery site – just northeast of the Bahamas – a day or two before Falcon 9’s first launch and landing attempt of the year. Known as Starlink 4-5 (Group 4 Launch 5) and scheduled to lift off no earlier than (NET) 4:49 pm EST (21:49 UTC), Thursday, January 6th, it will be SpaceX’s 34th dedicated Starlink launch since May 2019.
Perhaps more importantly, if the mission goes to plan and doesn’t have rideshare payloads, SpaceX will start 2022 having just launched its 1997th Starlink satellite, including two prototypes that came to be known as Tintin A and B and kicked off the constellation’s in-space hardware testing phase in February 2018. Excluding all prototypes, Starlink 4-5 will mark the launch of more than 1900 (1922) nominally operational Starlink satellites.
Assuming ~90% of Starlink 4-5 satellites reach orbit in good health, SpaceX will also have more than 1800 working Starlink satellites, a bit less than 1500 of which will be actively serving customers. Including 4-5, another ~270 will be in the midst of orbital phasing and raising, which can take months.
More generally, Starlink 4-5 is expected to be the first of anywhere from 40 to 60 SpaceX Falcon launches nominally scheduled in 2022. As previously discussed on Teslarati, SpaceX’s unofficial annual manifests have never been fuller heading into a new year. Simultaneously, in December 2021, the company demonstrated the ability to complete five Falcon launches in a single month but did so in less than three weeks. Following the last few years of trends, so long as SpaceX’s Starlink production continues supplying a steady flood of satellites to launch, the company could easily have enough commercial and internal (Starlink) payloads for 60+ launches in 2022.
The real question is how many launches the company can feasibly support. A conservative appraisal of SpaceX’s recent history would suggest ~36 – continuing the series of 21 launches in 2018, 26 launches in 2020, and 31 launches in 2021. At the high end, demonstrating the ability to launch five times in three weeks implies a proven ceiling of up to 60 launches. In the middle, SpaceX successfully launched 30 times in 7 months (Oct 2020-May 2021), 8 times in 2 months (May-June 2021), and 26 times in 6 months (Jan-June 2021) – repeatedly proving its ability to launch around 50 times per year under the right circumstances.
Elon Musk
Music City Loop could highlight The Boring Company’s real disruption
The real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
Recent commentary on social media has highlighted what could very well prove to be The Boring Company’s real disruption.
The analysis was shared by tech watcher Aakash Gupta on social media platform X, where he argued that the real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
According to Gupta’s breakdown, Nashville’s 2018 light rail proposal was priced at roughly $200 million per mile. New York’s East Side Access project reportedly cost about $3.5 billion per mile, while Los Angeles Metro expansion projects have approached $1 billion per mile.
By comparison, The Boring Company has stated it can construct 13 miles of twin tunnels in the Music City Loop for between $240 million and $300 million total. That implies a cost near $25 million per mile, or roughly a 95% reduction from industry averages cited in the post.
Several technical departures from conventional tunneling allow the Boring Company to lower its costs, from its smaller 12-foot diameter tunnels to its fully electric Prufrock machines that are designed to mine continuously with no personnel inside the tunnel and their capability to “porpoise” for easy launch and retrieval.
Tesla and Space CEO Elon Musk responded to the post on X, stating simply that “Tunnels are so underrated.”
The Boring Company has seen some momentum as of late, with the company recently signing a construction contract in Dubai and the Universal Orlando Loop progressing. Recent reports have also pointed to tunnels potentially being constructed to solve traffic congestion issues near the Giga Nevada area.
While The Boring Company’s tunnels have so far been used for Loop systems publicly for now, Elon Musk recently noted that the tunneling startup’s underground passages would not be limited only to ride-hailing vehicles.
In a reply to a post on X which discussed the specifications of the Music City Loop, Musk clarified that “any fully autonomous electric cars can use the tunnels.” This suggests that vehicles potentially running systems like FSD Supervised, even if they are not Teslas, could be used in systems like the Music City Loop in the future.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.