News
SpaceX Crew Dragon In-Flight Abort test gets its first firm launch date
The day after questions arose around the targeted launch date of SpaceX’s Crew Dragon In-Flight Abort test (IFA), SpaceX and NASA have officially set the date for the spacecraft’s next major flight test.
On Friday, December 6th, a NASA Commercial Crew Program blog post confirmed a NET date of Saturday, January 4th, 2020 for the IFA test. The IFA test is one of the most notable final steps to be completed by the Crew Dragon capsule prior to supporting crewed astronaut flight to the International Space Station in 2020 as a part of NASA’s Commercial Crew Program.
Following an apparent incorrect statement made during SpaceX’s CRS-19 webcast that identified a February 2020 target date of the IFA test, SpaceX provided re-assurance that teams were very much still working toward a NET December launch date.
A January 4th date falls just short of SpaceX’s December goal but it still comes as little surprise. In addition to this week’s CRS-19 launch, SpaceX aims to support two more launches prior to year’s end – an internal mission to launch 60 more Starlink satellites and the launch of the JCSAT 18/Kacific 1 communications satellite for customers SKY Perfect JSAT Corp. of Japan and Kacific Broadband Satellites of Singapore. While completing four Falcon 9 launches and landings in a period of less than four weeks is certainly possible for SpaceX, it was rather ambitious, especially given that Crew Dragon’s abort test is almost certainly the company’s preeminent priority.
The targeted January launch date now encroaches into the first quarter of 2020, which SpaceX has adamantly stated is also the goal for Crew Dragon’s first NASA astronaut launch, known as Demo-2. With the IFA test now NET January 4th, it will be a major challenge for NASA and SpaceX to turn around and prepare Crew Dragon and Falcon 9 for Demo-2 just 4-12 weeks later. Of note, Boeing is preparing its own Starliner spacecraft for an uncrewed launch test NET December 20th and has also claimed that it wants to launch a crewed flight test (CFT, akin to SpaceX Demo-2) as early as February 2020, same as SpaceX.
It’s extremely unlikely that NASA will be able to preserve both of those schedules given the Commercial Crew Program’s fixed workforce and the vast quantity of paperwork it must complete before the agency can give the go-ahead for SpaceX and Boeing astronaut launches.
Unsurprisingly, the blog post confirmed that the IFA test would launch from Kennedy Space Center Launch Complex 39A (LC-39A). Pad 39A is the same facility that previously supported Crew Dragon’s March 2019 Demo-1 launch debut and is the only pad SpaceX intends to launch Crew Dragon from.
Interestingly, Pad 39A is also an active construction site – SpaceX is in the midst of building a new launch mount and modifying existing facilities to support future launches of SpaceX’s next-generation Starship vehicle. Construction has been underway for a few months and is situated directly beside Falcon 9 and Falcon Heavy’s exiting launch mount.
Although that construction will not be allowed to interfere with Crew Dragon launch activity, including the IFA test, construction on the Starship mount will likely be impacted. Construction crews will undoubtedly be expected to evacuate the area surrounding the launchpad during any Falcon 9 static fire test or launch, likely translating to a few days to a few weeks of downtime depending on how SpaceX handles the scheduling.
As 2019 comes to a close, SpaceX remains determined to launch Crew Dragon’s IFA test as quickly as is safely possible. If all goes perfectly during the upcoming abort test, SpaceX says it is seriously targeting Crew Dragon’s biggest test yet – its inaugural astronaut launch – less than two months later in February 2020. It should go without saying that that schedule is incredibly ambitious and highly liable to slip in March or Q2, but if the ambition is there, SpaceX believes it is technically possible.
For now, we have less than a month to wait for Crew Dragon’s next launch milestone and perhaps just 2-3 weeks before the spacecraft and its Falcon 9 rocket roll out to Pad 39A to prepare for a routine static fire test.
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Elon Musk
Music City Loop could highlight The Boring Company’s real disruption
The real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
Recent commentary on social media has highlighted what could very well prove to be The Boring Company’s real disruption.
The analysis was shared by tech watcher Aakash Gupta on social media platform X, where he argued that the real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
According to Gupta’s breakdown, Nashville’s 2018 light rail proposal was priced at roughly $200 million per mile. New York’s East Side Access project reportedly cost about $3.5 billion per mile, while Los Angeles Metro expansion projects have approached $1 billion per mile.
By comparison, The Boring Company has stated it can construct 13 miles of twin tunnels in the Music City Loop for between $240 million and $300 million total. That implies a cost near $25 million per mile, or roughly a 95% reduction from industry averages cited in the post.
Several technical departures from conventional tunneling allow the Boring Company to lower its costs, from its smaller 12-foot diameter tunnels to its fully electric Prufrock machines that are designed to mine continuously with no personnel inside the tunnel and their capability to “porpoise” for easy launch and retrieval.
Tesla and Space CEO Elon Musk responded to the post on X, stating simply that “Tunnels are so underrated.”
The Boring Company has seen some momentum as of late, with the company recently signing a construction contract in Dubai and the Universal Orlando Loop progressing. Recent reports have also pointed to tunnels potentially being constructed to solve traffic congestion issues near the Giga Nevada area.
While The Boring Company’s tunnels have so far been used for Loop systems publicly for now, Elon Musk recently noted that the tunneling startup’s underground passages would not be limited only to ride-hailing vehicles.
In a reply to a post on X which discussed the specifications of the Music City Loop, Musk clarified that “any fully autonomous electric cars can use the tunnels.” This suggests that vehicles potentially running systems like FSD Supervised, even if they are not Teslas, could be used in systems like the Music City Loop in the future.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Music City Loop could highlight The Boring Company’s real disruption
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
