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SpaceX Crew Dragon spaceship to bring NASA astronauts home this summer
Bob Behnken and Doug Hurley launched to the space station on May 30, for an indeterminate amount of time. Their stay on orbit depends upon a few different factors, including solar array degradation, the status of the next Crew Dragon, and landing zone weather. While Bob and Doug do not yet have a definitive return date, NASA officials have said they are looking at August as a return time frame.
The mission, known as Demo-2, is the first to fly humans from Florida since the end of the shuttle program in 2011. It’s also SpaceX’s first mission to carry astronauts. But it won’t be the last. The California-based aerospace company is gearing up for its next crewed mission. Known as Crew-1, this flight will see three NASA astronauts, and one Japanese astronaut soar to the space station inside another Crew Dragon capsule.
The two missions are interconnected. Demo-2 is the final test flight of the Crew Dragon capsule, and at the end of the mission, NASA is expected to certify the craft to regularly carry humans to and from the space station. For nearly a decade, NASA has been solely dependent upon Russia to carry its astronauts, but now, the agency will have more flexibility with flights.
Before Demo-2 launched, NASA officials estimated that the Bob and Doug could stay on station anywhere from one to four months. The agency wanted to see how the Dragon performed on orbit before specifying the length of time the crew would remain on orbit.
“We didn’t prescribe the length of the Demo-2 mission until we got the crew on orbit and we could see the performance of the Dragon,” Ken Bowersox, acting administrator for NASA’s human spaceflight program said on Tuesday. “The Dragon is doing very well, so we think it’s reasonable for the crew to stay up there a month or two. The actual details are still being worked out.”
Bowersox explained that the mission is going well, and the spacecraft is holding up as expected. The Crew version of SpaceX’s Dragon capsule has been to the space station one other time. During its first test flight, called Demo-1. This mission launched in 2019, without people on board. The craft proved it could dock and undock itself with the space station, and even spent about a week attached to the orbital outpost.
Now, NASA and SpaceX are putting the craft through its paces and seeing how well it holds up over time against the harsh environment of outer space. Some of the craft’s most sensitive electronics, namely the solar panels, have a shelf life in space. That time period is limited to 120 days, so NASA wants the crew to come home before that time.
The next batch of astronauts are expected to launch in late August or early September, if all goes according to plan. But, in order for them to launch, Bob and Doug have to come home several weeks before the planned liftoff so that the Dragon can be evaluated and certified.
To that end, NASA is looking at bringing the Demo-2 crew home in late July or early August. This will allow them to help with station maintenance, as well perform a spacewalk or two. Since April, Chris Cassidy has been the sole NASA astronauts on board, as the space station has been operating on a skeleton crew. The addition of Bob and Doug allows the crew to do more routine maintenance, as well as some research experiments.
Bob Behnken is expected to perform at least two spacewalks — one in late June, followed by one in early July. Behnken will join Chris Cassidy in replacing batteries on the space station’s exterior. The batteries were delivered on a recent cargo resupply mission and will help power the space station.
While Behnken is suited up and working outside the station, Doug Hurley will operate the space station’s robotic arm, helping Behnken and Cassidy move about during their spacewalks.
The plans were brought up in a joint meeting on Tuesday of the National Academies of Sciences, Engineering and Medicine’s Space Studies Board and the Aeronautics and Space Engineering Board.
“It is very likely that by the end of July, we will have conducted some spacewalks with Chris Cassidy and Bob Behnken, replaced some batteries on the ISS, and we’ll — about two months from now — start thinking about bringing Bob and Doug home,” Bowersox said. “We’d like to get them home some time in August.”
Bowersox is a former astronaut, who flew on five shuttle missions. He recently took over as acting head of NASA’s human spaceflight division after the previous administrator, Doug Loverro, suddenly resigned. That change in leadership took place just days before Hurley and Behnken took flight. Industry sources say Loverro’s departure had to do with him breaking agency rules during a competition to procure bids for NASA’s upcoming lunar lander program.
While the timing was suspect, the Demo-2 mission was unaffected and went off without a hitch.
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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.
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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.
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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
