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SpaceX Dragon spacecraft to have a continual presence in space starting this year
Days after NASA confirmed that SpaceX is on track for a Crew Dragon launch on November 14th and the first Cargo Dragon 2 launch on December 2nd, a company executive says that that back-to-back launch is a sign of things to come.
The first semi-functional Dragon spacecraft flew more than a decade ago in December 2010, followed some 18 months later by vehicle’s second orbital mission, during which SpaceX became the first private company in history to launch and berth a spacecraft with the International Space Station (ISS). Four months after that, Cargo Dragon successfully berthed with the ISS for the second time as part of SpaceX’s first NASA Commercial Resupply Services mission (CRS-1), beginning what would come to be an extraordinarily successful series of 19 operational space station resupply runs, delivering a bit less than 45 metric tons (~100,000 lb) total.
SpaceX fulfilled the entirety of its NASA CRS1 contract in April 2020, effectively retiring the first-generation Dragon spacecraft. Less than two months later, Crew Dragon – an upgraded ‘Dragon 2’ spacecraft – lifted off on its second orbital mission and astronaut launch debut, the flawless completion of which has made SpaceX the first private company in history certified to fly astronauts by a national space agency. Now, perhaps little more than two weeks apart, SpaceX is on track to attempt its first operational astronaut launch and the first launch of an upgraded Cargo Dragon spacecraft under a new NASA CRS2 cargo contract.
Speaking in a November 10th press teleconference focused first and foremost on Crew Dragon’s imminent operational launch debut, SpaceX executive Benji Reed – taking a well-earned stance of confidence – revealed some impressive details about what to expect from Dragon going forward.
“Over the next 15 months, we will fly seven Crew and Cargo Dragon missions for NASA. That means that starting with Crew-1, there will be a continuous presence of SpaceX Dragons on orbit. Starting with the cargo mission CRS-21, every time we launch a Dragon, there will be two Dragons in space – simultaneously – for extended periods of time. Truly, we are returning the United States’ capability for full launch services and we are very, very honored to be a part of that.”
Benji Reed, SpaceX – November 10th, 2020
In short, SpaceX has seven Dragon launches scheduled between November 2020 and January 2022, necessitating an average cadence of one Dragon mission every two or so months. To accomplish that feat, SpaceX will begin to delve deep into reusability, reusing both Crew and Cargo Dragons and the Falcon 9 boosters tasked with launching them. The first of those reuses is schedule as soon as March 2021, in which four astronauts will launch on a flight-proven booster, inside a flight-proven orbital spacecraft, to the International Space Station.
Meanwhile, thanks to NASA’s plans to extend the amount of time uncrewed Cargo Dragon 2 spacecraft spend in orbit at the ISS and an average of two six-month Crew Dragon missions annually, SpaceX could find itself maintaining a continuous presence in space starting as soon as November 14th. As Reed notes, that also means that every two Dragons will be simultaneously operating in low Earth orbit (LEO) every time SpaceX launches a Cargo Dragon resupply mission.
Roscosmos, Russia’s national space agency, is the only other entity on Earth that can claim a similar capability – now used to simultaneously operating multiple Soyuz crew and Progress cargo spacecraft in orbit after almost a decade spent serving as the sole bridge between Earth and the ISS. If SpaceX’s Crew-1 Crew Dragon and CRS-21 Cargo Dragon launches are successful, the private US company will effectively become the backbone of US spaceflight, almost singlehandedly reasserting the country’s position as a competitive space power.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
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Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
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Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
