News
SpaceX’s Elon Musk and his plans to send 1 million people to Mars
Elon Musk has big plans for Mars and it’s no secret that the SpaceX founder and CEO envisions a future where humans inhabit more than one planet, but how do we get there?
In a series of tweets, Musk outlined a plan to build a city on Mars by 2050, and fill it with 1 million people.
That may seem a bit outlandish but here’s how it would work.
SpaceX operates a fleet of Falcon 9 rockets that routinely launch and land, depositing satellites, cargo and soon people into space. However, in order to reach Mars, Musk and SpaceX need an even larger, more powerful rocket. That’s where Starship comes in.
In stark contrast to the classic black-and-white paint scheme of the Falcon family of rockets, Starship sports a shiny, stainless steel skin that gives off a futuristic vibe. And in true SpaceX fashion, the 387-foot ship will be reusable.
Starship, which is currently in development for future deep-space travel, will be able to ferry as many as 100 passengers beyond low-Earth orbit. The way to achieving that goal is by reducing the cost of spaceflight. He would like for anyone who wants to go to Mars, to be able to.

“Needs to be such that anyone can go if they want, with loans available for those who don’t have money,” Musk wrote.
To that end, Musk said he wants to build a fleet of at least 1,000 Starships—and launch at least three of them every day.
The Starship system is the latest in SpaceX’s troupe of increasingly larger rockets. In 2018, the California-based aerospace company launched and landed its Falcon Heavy rocket for the first time, generating 5 million pounds of thrust from the rocket’s 27 engines. But even that’s not powerful enough for Mars-based missions.
“Megatons per year to orbit are needed for life to become multi-planetary,” Musk tweeted on Thursday.

To date, the heaviest payload to successfully land on Mars was the Curiosity rover, which touched down on the red planet in 2012. That rover weighed in at 1 metric ton (2,200 lbs.). Much heavier payloads will be required if a city is to build on Mars. NASA, SpaceX and others around the world are currently working on ways to land even larger payloads.
Starship is one method currently in development. Combined with its Super Heavy booster would be powered by 41 next-generation Raptor engines, making it the most powerful launch system ever created—even more powerful than the Saturn V moon rocket. Each launch would pack enough thrust to send more than 100 tons (equivalent to seven fully loaded school buses’ worth of mass) and 100 people into orbit at a time.
But the ship would also be able to navigate the tenuous Martian atmosphere and land safely on the red planet’s surface.
Musk estimates that a fleet of 1,000 Starships, able to tote 100 megatons of stuff to Mars, would be required to build a permanent settlement. That fleet could transport about 100 passengers each, totaling 100,000 people per year.
Musk said a lot of work still needs to be done, especially in regards to propellant production. The Raptor engines Musk plans on using are powered by methane (as opposed to the Kerosene and liquid oxygen that power SpaceX’s Falcon series).

Mars has a generous supply of methane, which Musk hopes could be used to establish refueling depots on the red planet.
There’s a lot of work to do if humanity is to reach Mars. SpaceX is currently working around the clock to build its next prototype of the Starship spacecraft. (The previous mockup exploded during testing, but did prove that the craft could get off the ground.)
If all goes well with this iteration, we may see a Starship prototype fly again soon.
News
SpaceX unveils Starlink next-gen V5 kit: here’s what’s new
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Investor's Corner
Lucid denies rumors of bankruptcy after over 40% stock drop
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.
Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.
The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”
Twork said:
$LCID The rumors are completely false. The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today. Our focus is…
— Nick Twork (@ntwork) July 14, 2026
Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.
Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.
Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.
News
Tesla owner attempts resale of Model S Signature Edition for over $260k
A Tesla owner who purchased a Model S Signature Edition, one of the final 250 units of the all-electric flagship vehicle that the company discontinued earlier this year, is attempting to sell the car despite a no-resale clause that prohibits reselling for the first year.
The car is being sold by J&S Autohaus in Ewing, New Jersey, and is priced at $260,490, well above the $159,420 that Tesla sold it for earlier this year.
🚨 The first Tesla Model S Signature Edition is up for sale for $260,490
Tesla placed a no-resale clause on the Model S and X Signature, so it will be interesting to see if the company takes any action. https://t.co/N9rKGHnbD6 pic.twitter.com/6FZhDL1KNR
— TESLARATI (@Teslarati) July 14, 2026
To those who do not know, the Model S Signature was a highly exclusive, limited-run farewell variant of the Model S Plaid that was produced this year to mark the end of production of both the Model S and Model X, Tesla’s two flagship vehicles.
Limited to just 250 units with invite-only sales, it serves as a collector’s item celebrating the legacy of the Model S, which helped pioneer Tesla’s electric vehicle success since its 2012 launch.
It bundles top-tier performance with bespoke cosmetic and luxury upgrades, plus Tesla’s Luxe Package. Here’s what the Model S Signature has over the typical Model S Plaid:
- Exclusive Exterior – Unique Garnet Red Paint, matching door handles, gold Tesla “T” badges upfront, gold Plaid and Signature badging at the rear.
- Premium Interior – White Alcantara upholstery with gold piping/accents, gold Plaid seat badges, Signature-marked door sills, individually numbered dashboard plaque, gold puddle lights, special interior lighting sequence, and a custom Signature key fob.
- Performance Upgrades – Carbon-ceramic brakes with gold calipers
- Bundled Luxe Package – Full Self-Driving (Supervised), four years of Premium Connectivity, free lifetime Supercharging
- Performance Metrics – ~1,020 horsepower, sub-2-second 0-60 MPH, ~390-mile range
Tesla quickly introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for “the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”
The company continues:
“If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.”
Tesla will likely come after the seller, especially as it has been about two months since Tesla launched deliveries.