Connect with us

News

SpaceX, Boeing race to complete manned space capsule

SpaceX and Boeing are racing to complete a space capsule that will transport astronauts to the International Space Station and back. First flights are scheduled for late 2017.

Published

on

Boeing manned space capsule

Boeing manned space capsule

Both SpaceX and Boeing are pushing hard to complete capsules that will carry astronauts into space. At Kennedy Space Center, Boeing has just completed joining together the two halves of its CST-100 Starliner crew capsule. It is precursor to the units that will carry humans into orbit. The so-called “structural test article” will be shipped to Huntington Beach, California, this summer for tests.

Meanwhile, the main pieces of what Boeing calls “Spacecraft 1” have just arrived in Florida. “We’re bringing hardware in. We’re moving hardware out. And it’s really nice to see the factory flowing the way it should be,” said Danom Buck, manufacturing engineering manager for Boeing.

Prompted by a cooling in diplomatic relations between the US and Russia over activities in the Ukraine, NASA awarded contracts to both Boeing and SpaceX to fly astronauts to the International Space Station in 2014. The Boeing contract is worth up to $4.2 billion. The SpaceX contract is worth $2.6 billion. Both capsules are supposed to be ready to fly by late 2017.

SpaceX says it is on schedule with launching its Dragon space capsule later this year while Boeing aims to February, 2018 for the first launch of the Spacecraft 1. SpaceX will use a Falcon Heavy rocket for its manned space mission. Boeing’s capsule will be lifted into space atop a United Launch Alliance Atlas V rocket. ULA is a partnership between Boeing and Lockheed.

Advertisement

On May 24, representatives of both companies announced they are making good progress toward the proposed target date for launching their space capsule. “Astronauts will once again fly from the Space Coast,” said Lisa Colloredo, associate manager of NASA’s Commercial Crew Program.”

The NASA contracts are designed to eliminate reliance on Russia for transporting astronauts to and from the ISS. It is expected the American ventures will ultimately save NASA money compared to what it costs to fly them into space and back again aboard the Soyuz spacecraft that are being used now.

NASA’s Colloredo said the contracts will result in per seat prices averaging $58 million, which is about $23 million less than Russia’s going rate for Soyuz seats. “The cost effectiveness part, we weren’t 100 percent sure how that would turn out,” she said. “It turns out it is a very cost effective approach to go with the private industry.” All together, Colloredo said, the program will produce two certified crew systems for less than $5 billion, a relative bargain compared to historical costs to develop such systems.

In January, SpaceX completed a critical test of the SuperDraco rocket engines that are mounted to the outside of the Dragon space capsule. Instead of using traditional parachutes to return the capsule to earth, it plans to use those engines to gently slow the capsule for a soft landing. That is the sort of innovative thinking that continues to set SpaceX apart from its foreign and domestic competitors.

Advertisement
Source: Florida Today  Photo credit: Boeing

 

"I write about technology and the coming zero emissions revolution."

Advertisement
Comments

News

Tesla tops American-Made Index for sixth-consecutive year

Published

on

Credit: Tesla

Tesla is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively.

Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its flagship Model S and Model X earlier this year, which took the two cars out of the ranking.

Cybertruck is not considered due to its curb weight being above the 8,500-pound threshold, which eliminates it from being required to have more detailed assembly information.

Cars.com uses five main categories to develop its rankings:

Advertisement
  • Location(s) of final assembly
  • Percentage of U.S. and Canadian parts
  • Countries of origin for all available engines
  • Countries of origin for all available transmissions
  • U.S. manufacturing workforce

These five major factors are then put into a 100-point scale. The vehicles with the highest scores sit atop the list. The Model 3 edged out the Model Y.

Tesla uses a strong domestic strategy to build its cars and parts domestically. It relies on intense vertical integration that reduces its dependence on global suppliers, keeping more value and jobs in the United States.

Advertisement

This strategy has helped Tesla gain a strong reputation for domestically produced vehicles and parts. However, it helps it with more than just awards like this one. Keeping a supply chain local has also helped insulate Tesla more than others from tariffs and supply chain disruptions.

This year’s American-Made Index from Cars.com studied nearly 400 vehicles from the 2026 model year. Tesla was the only manufacturer to have an EV inside the Top 10. The Kia EV9 was the next EV to make the list, scoring the 17th position.

The Hyundai IONIQ 5 was 21st, and the final EV to make the list was the Cadillac LYRIQ in 77th.

Advertisement
Continue Reading

Elon Musk

Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration

Published

on

Credit: CNBC

Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.

CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.

Musk said:

“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”

Advertisement

Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”

He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”

Advertisement

Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.

The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.

Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”

Tesla alleged “driverless” crash in Texas: What is known so far

Advertisement

“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.

This appears to be a similar situation. However, an investigation will prove what happened for sure.

Continue Reading

Investor's Corner

SpaceX makes $20 billion move to optimize its balance sheet

Published

on

Credit: SpaceX

SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.

The company announced an offering of senior unsecured notes expected to raise at least $20 billion.

The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.

According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.

Advertisement

The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.

SpaceX officially acquires xAI, merging rockets with AI expertise

In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.

The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.

Advertisement

SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.

Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.

Continue Reading