SpaceX
SpaceX, NASA ready for first astronaut launch from US soil in nearly a decade
NASA and SpaceX have confirmed that the private spaceflight company’s historic astronaut launch is officially set to blast off on May 27, marking the return of human spaceflight to U.S. soil for the first time since 2011.
During the mission, known as Demo-2, NASA astronauts Bob Behnken and Doug Hurley will launch to the International Space Station on a SpaceX Falcon 9 rocket. This flight will mark the first time astronauts have launched from American soil in nearly a decade, following the retirement of the shuttle program.
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- Space Crew Dragon (Credit: NASA)
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- Bob Behnken and Doug Hurley will launch to the space station on May 27, 2020. Credit: NASA
It is also the final test flight of SpaceX’s Crew Dragon spacecraft. If all goes as planned, the gumdrop-shaped capsule will carry a crew of four astronauts later this year.
Liftoff for Demo-2 is set for 4:32 p.m. EDT (2032 GMT) from NASA’s historic launch pad 39A at the agency’s Kennedy Space Center in Florida — the same site that hosted NASA’s storied Apollo and shuttle programs.
https://twitter.com/JimBridenstine/status/1251178705633841167?s=20
NASA has not set a specific duration for the mission yet; that will likely be determined once the crew arrives on station. NASA launched a new web page dedicated to the mission, describing it as simply “an extended stay at the space station,” for now.
Behnken and Hurley will join fellow NASA astronaut Chris Cassidy, who launched to the station on April 10. Many of the details are still being ironed out, but we do know that Hurley will be the mission’s commander, and Behnken will serve as joint operations commander. Each will be tasked with specific duties during flight, with Hurley focusing on launch, landing, and recovery. Behnken will handle docking and undocking, as well as any activities while the Dragon is docked with the station.
Once the crew finishes its mission, Behnken and Hurley will return to Earth, splashing down in the Atlantic Ocean, off the Florida coast. From there, the capsule will be retrieved by a SpaceX recovery ship.
SpaceX made history in 2012 by becoming the first private company to send a spacecraft to the International Space Station. Now, that cargo-carrying Dragon has been upgraded to carry a new type of cargo: people.
To prepare for the historical journey, SpaceX had to prove that the craft was capable and safe to transport astronauts. To that end, the company launched an uncrewed test flight in March 2019. Dubbed Demo-1, that mission was a huge success, with the Crew Dragon capsule performing as expected.
Earlier this year, in January, SpaceX completed a crucial test of the Falcon and Dragon’s safety system. Known as a launch escape system, the technology is designed to push the capsule to safety in the event something goes wrong during the climb to orbit. Musk and NASA described that launch as “picture-perfect.”
That brief test was the last major hurdle that SpaceX had to complete before it was given the go-ahead to launch the crewed test flight. In the intervening months, the crew, as well as team members in launch control, have been busy running simulations and practicing essential launch day procedures.
While SpaceX will be the first to launch people, they are not alone in the quest to return human spaceflight to American soil. In 2014, NASA selected SpaceX and Being to design and build spaceships capable of transporting astronauts to and from the space station. Boeing launched its uncrewed test flight in December 2019; however, that flight failed to reach the station because of some issues with the vehicle’s software.
As such, Boeing has decided to fly a second uncrewed flight before astronauts climb aboard its Starliner spacecraft.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
For years, there have been images and videos across social media platforms that have reminded me of when I was a 15-year-old kid teased by “Xbox 720” videos on YouTube. These videos are of the supposed “Tesla Phone” that Elon Musk was secretly developing in between leading Tesla with its electric cars and SpaceX with its reusable rockets.
Would you buy a Tesla phone ? pic.twitter.com/aaTwvvIJit
— Tesla Owners Silicon Valley (@teslaownersSV) October 6, 2023
Although Musk has put those rumors to bed several times, it was never completely out of the realm that he could get involved in cell phones in some capacity. Think outside the box and more macro-level, though. Instead of reinventing the computer, Musk reinvented connectivity by developing Starlink with SpaceX.
It could be something similar, TD Cowen analyst Gregory Williams said in a note last week, where he hinted SpaceX could be gathering some steam to acquire T-Mobile.
Williams said it would be the “clear choice” for SpaceX if it decided to go through with a network acquisition. He also suggested AT&T.
The move would be possible through selling more of its own stock, which would help SpaceX raise the money to purchase T-Mobile, which would cost roughly $300 billion. It could be one of the moves SpaceX makes post-IPO in terms of an acquisition: it already acquired Cursor AI for $60 billion.
Other analysts, like Dan Ives of Wedbush, believe SpaceX and Tesla will eventually merge into one anyway, and that conglomeration could come as soon as this year, some have said.
The implications of SpaceX purchasing T-Mobile are massive. A combined entity would create a truly ubiquitous network: T-Mobile’s terrestrial 5G towers and Starlink’s growing constellation of Direct-to-Cell satellites. This would essentially eliminate dead zones across the U.S. and potentially globally.
SpaceX would instantly become a full-scale facilities-based carrier with satellite differentiation; a huge advantage. This would pressure AT&T and Verizon heavily.
There are also concerns like a potential reduction in long-term competition, and of course, a deal of that size would face intense scrutiny from government agencies.
The strategic fit is compelling due to the existing Starlink–T-Mobile partnership and complementary technologies (space + terrestrial). It could create a dominant integrated communications player. However, the regulatory, financial, and execution hurdles are enormous — this remains highly speculative with no indication SpaceX is actively pursuing it right now.
Elon Musk
SpaceX’s newest Starmind will make earth data centers obsolete
Elon Musk confirmed Starmind as SpaceX’s AI satellite constellation name, targeting one million orbital compute nodes.
Elon Musk confirmed that Starmind will be the official name of SpaceX’s planned AI satellite constellation, following a trademark filing by xAI that surfaced earlier this week. Starmind is what’s being described to the FCC as a constellation of up to one million AI satellites
It’s worth noting that SpaceX’s Starlink communication satellite and Starmind are built on the same orbital infrastructure concept but serve entirely different purposes. Starlink is a connectivity network, with satellites receiving and relaying data between points on Earth, and functioning as a high-speed internet backbone in space. The satellites themselves do not process or think, and move information from one place to another, the same function a fiber cable performs underground.
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Starmind, on the other hand, is something completely different, and tather than moving data, its satellites would compute data through artificial intelligence and directly in orbit using onboard processors powered by large solar arrays. Where a Starlink satellite is essentially a very fast pipe, a Starmind satellite is a server. The practical implication is that Starmind would allow AI models to run inference, process queries, and generate outputs from space, then beam results down to users anywhere on Earth within milliseconds, and without the data ever needing to travel to a terrestrial data center.
Starship will be able to carry 30 to 50 AI1 satellites per launch, delivering the equivalent of dozens of server racks per flight, with no land acquisition, no power grid approval, and no cooling infrastructure required on the ground.
SpaceX is pursuing this new technology as terrestrial data centers are running into hard limits such as lack of physical space, community opposition, and power and water consumption at a scale that is increasingly difficult to permit. Space has unlimited solar power, natural vacuum cooling, and no zoning boards. Musk said in a June 8 video presentation that he expects space to become the lowest-cost location to deploy AI compute within two to three years. Two AI1 prototypes are scheduled to launch in early 2027, with volume production targeted for the end of that year at a new facility called Gigasat.
The real world applications Starmind enables extend well beyond powering Grok. A constellation of orbiting AI processors could run inference workloads for any paying customer, anywhere on Earth, with latency measured in milliseconds rather than the seconds associated with ground-based cloud routing across continents. Starmind, if it scales as described, would make SpaceX the landlord of AI compute the same way Starlink made it the landlord of satellite internet.
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