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SpaceX Crew Dragon, four astronauts set for brief flight around the space station
To set the stage for another Dragon launch just a few weeks from now, NASA astronauts are preparing to board a SpaceX Crew Dragon for a brief flight around the International Space Station (ISS).
Orbiting roughly 400 km (250 mi) above the Earth’s surface, the ISS and its crew of seven international astronauts have just two docking ports available to manage a growing influx of SpaceX Crew and Cargo Dragon 2 spacecraft, as well as Boeing’s chronically delayed Starliner. While Starliner hasn’t flown since a near-catastrophic orbital debut in December 2019 and isn’t likely to reattempt that uncrewed flight test until the second half of 2021, SpaceX is in the exact opposite position as it prepares to sustain an unprecedented Dragon launch cadence.
One challenge of that cadence ramp – space station port logistics and availability – is now becoming clear as SpaceX nears its next Crew Dragon NASA astronaut launch.
All launched on SpaceX Cargo Dragons, including a third destroyed during Falcon 9’s CRS-7 launch failure, the International Space Station has just two perpendicular International Docking Adapter (IDA) ports – one facing space and the other facing Earth. Regardless of CRS-7’s lost port, that IDA duo was always NASA’s plan.
The ISS requires the use of a huge, robotic arm (Canadarm2) to unload unpressurized cargo from spacecraft and that arm doesn’t have the mobility to access vehicles docked to the Earth-facing IDA port, meaning that cargo spacecraft with IDA ports can really only dock on the space-facing port. Cargo Dragon 2’s use of IDA docking and the Cygnus spacecraft’s use of berthing thankfully mean that neither NASA Commercial Resupply Services 2 (CRS2) vehicle is at risk of a traffic jam.
Sierra Nevada Corporation (SNC) is set to debut the cargo variant of its Dream Chaser spaceplane as early as 2022 for annual launches and will need to share that same lone IDA port with Cargo Dragon for its (approximately) annual resupply missions. More importantly, though, Crew Dragon and Boeing’s Starliner both require the use of one of those two IDA ports to deliver astronauts to and from the ISS. Both spacecraft are also expected to leave with the same crew that launched on them, meaning that both will spend a fully six or so months in orbit on each crew rotation mission.
In general, NASA also plans to overlap all Commercial Crew Program (CCP) astronaut launches, meaning that Crew Dragon will wait for Starliner to arrive (and vice versa) before departing the ISS with its four-astronaut crew. Those use-cases and safety requirements combine to create strict, complex scheduling challenges that mean a Cargo Dragon or Dream Chaser can never be docked to the ISS during a crew handover, while also adding significant constraints to any planned private astronaut (tourist) missions to the station – of which SpaceX already has at least one.
In the meantime, though Boeing’s Starliner is now at least 18 months behind SpaceX’s Crew Dragon on the path to launching NASA astronauts to and from the ISS, SpaceX is picking up the slack to the extent that station ‘traffic’ conditions are practically unaffected. Whereas NASA’s nominal plan was to alternate between its two redundant Commercial Crew providers before Boeing ran into huge delays, SpaceX is on track to launch Crew Dragon’s Crew-2 astronaut ferry mission as early as April 22nd.
The flight-proven Demo-2 Dragon will then rendezvous with the ISS while Crew-1’s Dragon and four astronauts are still aboard the station. Crew-1 and Crew-2 will spend about a week together before the former group boards their Dragon and heads for home. As few as six or so weeks later, SpaceX could launch its second Cargo Dragon 2 resupply mission, known as CRS-22. – This morning’s “port relocation,” which will see the Crew-1 Dragon will ‘relocate’ from the station’s Earth-facing IDA to its space-facing port, is thus necessary to free up that port for Cargo Dragon’s arrival when Crew-1 departs.
Barring major delays, SpaceX is currently on track to complete another two Crew and Cargo Dragon launches in 2-3 months, marking four Dragon missions in seven months if all goes to plan. Another three Dragon missions are firmly scheduled in 2021, potentially making for seven Dragon launches in 11-12 months if schedules hold. SpaceX’s current record – technically achieved twice in 2018 and 2019 – is five orbital Dragon missions in 12 months.
Tune in below around 6am EDT (UTC-4) to catch Crew Dragon C207’s brief 46-minute jaunt around the International Space Station (ISS) – a first for an American crewed spacecraft of any kind.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
