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SpaceX to launch quartet of mini geostationary satellites in 2023
Startup Astranis has purchased a dedicated Falcon 9 launch from SpaceX for four miniature geostationary communications satellites.
Known as MicroGEO, the comparatively tiny satellites Astranis is building aim to offer prospective customers an alternative to the immense, expensive satellites that dominate modern geostationary (GEO) communications. Where those flagship satellites tend to weigh anywhere from three to seven metric tons (~6,500-15,500 lb) at liftoff, MicroGEO satellites will weigh around 400 kilograms (~900 lb) – at least a magnitude lighter. Astranis also believes it will be able to eke out about 10 gigabits per second (Gbps) of bandwidth from each tiny satellite, giving them a level of performance that could actually be proportionally comparable to or greater than much larger satellites.
While it’s not clear that Astranis is actually selling its MicroGEOs for “1/20th the cost of traditional GEO communications satellites,” as they claim, the startup has found plenty of customers.
As of March 2022, Astranis has secured contracts to build 11 MicroGEO satellites for a range of customers: one for Alaska’s Pacific Dataport, eight for in-flight and at-sea connectivity provider Anuvu, and one or two for Peru’s Grupo Andesat. Astranis says its deal to launch one satellite for Andesat – with an option for a second – is worth more than $90 million. At that price tag, MicroGEO might cost about half as much as a more traditional entry-level GEO satellite but will only offer 10 Gbps for the money. For twice the price, a prospective customer could easily buy a satellite with at least five to ten times the throughput.
In that sense, MicroGEOs are actually more expensive relative to the performance they offer. Their main benefits appear to be a lower cost of entry, significantly lower launch costs, and the ability to dedicate a whole satellite to a relatively small region or niche service. In that sense, MicroGEO’s draw might be comparable to the reason some launch customers prefer a more expensive dedicated launch on a small rocket over a much cheaper launch as one of many rideshare payloads on a large rocket. For that premium, dedicated launch customers don’t have to worry about the logistics of juggling dozens of other satellites, the risk of related launch delays, or the general need to compromise with other passengers.
While MicroGEO satellite might be significantly less cost-efficient than larger alternatives, smaller customers may find paying a premium preferable to having to find or compromise with other customers to avoid wasting any leftover bandwidth. Additionally, in some unique situations, dedicated MicroGEO satellites may actually be several times cheaper for customers. CEO John Gedmark says that for Peru’s Andesat, MicroGEO offers a “factor of three or a factor of four cost decrease…compared to what they’re paying today [to lease less capacity on existing satellites].”
It’s clear that Astranis’ customers see significant value in MicroGEO. On top of Astranis’ current backlog, Gedmark recently revealed that the company is working on deals for “dozens” of additional satellites and believes that “there will be more than 100 Astranis satellites in active service” by 2030. That means that Astranis’ unique Falcon 9 contract is likely to be the first of many. For perhaps as little as $50 million, a SpaceX Falcon 9 rocket will launch four MicroGEO satellites at once. The relatively tiny payload – likely less than two tons (~4400 lb) – will allow Falcon 9 to launch into a more energetic geostationary transfer orbit (GTO), significantly reducing the amount of time the MicroGEOs will need to reach operational orbits.
Elon Musk
SpaceX weighs Nasdaq listing as company explores early index entry: report
The company is reportedly seeking early inclusion in the Nasdaq-100 index.
Elon Musk’s SpaceX is reportedly leaning toward listing its shares on the Nasdaq for a potential initial public offering (IPO) that could become the largest in history.
As per a recent report, the company is reportedly seeking early inclusion in the Nasdaq-100 index. The update was reported by Reuters, citing people familiar with the matter.
According to the publication, SpaceX is considering Nasdaq as the venue for its eventual IPO, though the New York Stock Exchange is also competing for the listing. Neither exchange has reportedly been informed of a final decision.
Reuters has previously reported that SpaceX could pursue an IPO as early as June, though the company’s plans could still change.
One of the publication’s sources also suggested that SpaceX is targeting a valuation of about $1.75 trillion for its IPO. At that level, the company would rank among the largest publicly traded firms in the United States by market capitalization.
Nasdaq has proposed a rule change that could accelerate the inclusion of newly listed megacap companies into the Nasdaq-100 index.
Under the proposed “Fast Entry” rule, a newly listed company could qualify for the index in less than a month if its market capitalization ranks among the top 40 companies already included in the Nasdaq-100.
If SpaceX is successful in achieving its target valuation of $1.75 trillion, it would become the sixth-largest company by market value in the United States, at least based on recent share prices.
Newly listed companies typically have to wait up to a year before becoming eligible for major indexes such as the Nasdaq-100 or S&P 500.
Inclusion in a major index can significantly broaden a company’s shareholder base because many institutional investors purchase shares through index-tracking funds.
According to Reuters, Nasdaq’s proposed fast-track rule is partly intended to attract highly valued private companies such as SpaceX, OpenAI, and Anthropic to list on the exchange.
Elon Musk
The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel
The new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.
The Boring Company announced that its Prufrock-2 tunnel boring machine (TBM) has completed another Vegas Loop tunnel in Las Vegas. The company shared the update in a post on social media platform X.
According to The Boring Company’s post, the new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.
The new tunnel marks the fourth tunnel constructed near Westgate Las Vegas as the Vegas Loop network continues expanding across the city.
The Boring Company also noted that the new tunnel surpassed its previous internal record of 2.26 miles for a single Vegas Loop segment.
Construction of the tunnel involved moving roughly 68,000 cubic yards of dirt. The excavation process also used about 4.8 miles of continuous conveyor belt, powered by six motors totaling 825 horsepower.
The Boring Company’s Prufrock-series all-electric tunnel boring machines are designed to support the rapid expansion of company’s underground transportation projects, including the growing Vegas Loop network. Prufrock machines are designed for reusability, thanks in no small part to their capability to be deployed and retrieved easily through their “porposing” feature.
The Vegas Loop, specifically the Las Vegas Convention Center (LVCC) Loop segment, has already been used during major events. Most recently, the LVCC Loop supported the 2026 CONEXPO-CON/AGG construction trade show, which was held from March 3-7, 2026.
As per The Boring Company, the LVCC Loop transported roughly 82,000 passengers across the convention center campus during the event’s duration.
CONEXPO-CON/AGG is one of the largest construction trade shows in North America, drawing more than 140,000 construction professionals from 128 countries this year.
The LVCC Loop forms the initial segment of the broader Vegas Loop network, which remains under active development as The Boring Company continues building new tunnels throughout the city.
News
Tesla gathers Cybercab fleet in Gigafactory Texas
Images and video of the Cybercab fleet were shared by longtime Giga Texas observer Joe Tegtmeyer in posts on social media platform X.
Tesla appears to be assembling a growing number of Cybercabs at Gigafactory Texas as preparations continue for the vehicle’s mass production. Recent footage shared online has shown over 30 Cybercabs being transported by trucks or staged near testing areas at the facility.
The images and video were shared by longtime Giga Texas observer and drone operator Joe Tegtmeyer in posts on social media platform X.
Interestingly enough, Tegtmeyer noted that many of the Cybercabs being loaded onto transport trucks were still equipped with steering wheels. This suggests that the vehicles are likely testing units rather than the final driverless configuration expected for the company’s Robotaxi service.
The vehicles could potentially be headed to testing sites across the United States as Tesla prepares to expand its Robotaxi fleet.
Additional footage captured at Gigafactory Texas also showed the Cybercab’s side and rear camera washer system operating as vehicles were being loaded onto transport trucks.
The growing number of Cybercabs at Giga Texas comes amidst the company’s announcement that the first production Cybercab has been produced at the facility. Full Cybercab production is expected to begin in April.
The vehicle is expected to play a central role in Tesla’s Robotaxi ambitions as the company looks to expand autonomous ride-hailing operations beyond its early deployments using Model Y vehicles.
Tesla has also linked Cybercab production to its proposed Unboxed manufacturing process, which assembles large vehicle modules separately before integrating them. The approach is intended to reduce production costs and accelerate output.
Musk has also noted that the Cybercab’s ramp will likely begin slowly due to the number of new components and manufacturing steps involved. However, he stated that once the process matures, Cybercab production could scale quickly.
SpaceX weighs Nasdaq listing as company explores early index entry: report
The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel
