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SpaceX Falcon Heavy to launch NASA ocean moon explorer, saving the US billions
In a move that’s likely to save the US taxpayer several billion dollars over the next few years, NASA has carefully extricated a mission to one of Jupiter’s ocean moons from the claws of its own Space Launch System (SLS) rocket.
Known as Europa Clipper, the six metric ton (~13,300 lb) spacecraft will instead launch on a SpaceX Falcon Heavy rocket for less than $180M. Had Falcon Heavy not been ready or NASA shied away from the challenge of switching launch vehicles, sending the ~$4.25 billion orbiter to Jupiter could have easily added more than $3 billion to the mission’s total cost. Instead, Europa Clipper will be able to launch one or two years earlier than SLS would have been ready and at a cost that’s practically a rounding error relative to the alternative.
Measuring approximately 3100 km (~1940 mi) in diameter, Europa is approximately 10% smaller and 30% less massive than Earth’s Moon. Both are similar balls of rock with solid metallic cores. However, based on observations taken over decades by spacecraft and Earth-based telescopes, odds are good that Europa also has a vast liquid water ocean insulated by 10-30 km (6-20 mi) of ice so cold that it’s as hard as granite.
Scientists estimate that Europa’s saltwater ocean is dozens to 100+ km (~62 mi) deep, covers the moon’s entire surface, and holds more water than all of Earth’s oceans combined. Signs of a liquid ocean under Europa’s crust (and the crust of numerous other outer solar system moons, as it would turn out) were especially surprising because of the implication that those moons possessed vast heat sources. In the case of Europa, it’s believed that Jupiter’s immense gravitational pull and the moon’s close orbit are balanced in such a way that Europa is heated as those tidal forces violently stretch and squeeze its interior.
In an orbit 30% lower than Europa, tidal heating is so aggressive that the moon Io is littered with titanic volcanoes and lava lakes more than 200 km (~120 mi) across – so large that waves have been spotted on its surface with Earth-based telescopes. In short, because Europa appears to be in the right place to have enough – but not too much – tidal heating, it’s believed to be one of the best potential harbors of extraterrestrial life and Europa Clipper’s primary purpose is to pursue that potential astrobiological treasure trove.
Europa Clipper’s history is a truly bizarre one. Championed almost singlehandedly by fundamentalist Christian and former Republican Representative John Culberson, it’s almost certain that the mission would have never come together and never secured enough funding to proceed. Culberson’s singular goal: determine if humanity is (or is not) alone in the universe. If life can independently evolve twice in the same average solar system, the logic goes, it would practically guarantee that life will be omnipresent anywhere we look.
Culberson’s original vision was an orbiter (Clipper) that would effectively scout Europa for a lander that would follow just a few years later. Incredibly, he appears to have all but guaranteed that Europa Clipper will launch. However, he lost a reelection bid in 2018, casting the lander component into limbo before proper funding or commitments could be ascertained. It now seems likely that the future of Europa Lander will depend almost entirely on what Clipper does (or doesn’t) find.
Europa Clipper is now scheduled to launch on an expendable Falcon Heavy rocket no earlier than a two-week window set to open in October 2024. As part of the politicking to secure the billions of dollars needed to fund the mission, Culberson originally shackled Europa Clipper to NASA’s SLS rocket – now half a decade behind schedule and set to cost more than $23 billion before its first launch. However, it appears that SLS is so mismanaged and uncharacterized that even its infamously zealous, pork-motivated Congressional cheerleaders weren’t willing to put up a public fight to retain the SLS rocket’s only confirmed non-human payload.
Ultimately, on launch alone, Falcon Heavy’s Europa Clipper launch will likely save taxpayers more than $2 billion – the likely minimum cost of a single SLS Cargo launch. Due to issues with the rocket, Ars Technica also reports that Europa Clipper and SLS would have required at least $1 billion in modifications and upgrades to safely fly, meaning that choosing SpaceX will likely end up saving NASA more than $3 billion – equivalent to almost three-quarters of the entire Europa Clipper mission’s price tag.
In the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
The Tesla Model 3’s cheapest trim level just got a major accolade, as Edmunds just revealed the Rear-Wheel-Drive trim of the all-electric sedan is the most efficient EV that is currently in production.
The 2026 Tesla Model 3 Rear-Wheel-Drive not only beat its EPA-estimated range by 30 miles, but it also bested its efficiency mark by 13.2 percent. The Model 3 tested by Edmunds traveled 393 miles, beating its EPA rating by 8.3 percent, while it returned 21.7 kWh per 100 miles, or 4.61 mi/kWh.
Beating those two metrics is especially pertinent when it comes to EV ownership and driving down the cost of ownership from ICE counterparts across the board. The real money savings come from driving down the cost of driving per mile, especially when it comes to high-mileage driving.
Edmunds stated in its report and review that the process it uses to test EV efficiency is aimed at giving “the most accurate representation of a car’s real-world range.” The assessment uses a strict route that features 60 percent city and 40 percent highway driving, and an average speed of 40 MPH across the trip.
It also drives each car within 5 MPH of all posted speed limits, and the climate control is set on Auto at 72 degrees to ensure even testing. In other words, Edmunds does not use methods to maximize efficiency, and instead tries to make it reasonable to achieve the same ratings yourself.
In comparison to other EVs, it beat the 2026 Mercedes-Benz CLA 350, which went 385 miles, as well as the 2026 Audi A6 Sportback E-tron Prestige AWD, which traveled 392 miles. Only the Mercedes-Benz CLA 250+ traveled farther, making it an impressive 434 miles on a charge.
However, the Tesla Model 3 RWD’s efficiency is “unmatched” because of its incredibly low energy usage per mile.
🚨 Tesla Model 3 RWD:
-At $36,990, it is $9,000 cheaper than the average transaction price for a new car ($46,023 via KBB)
-Was 13.2% more efficient than its EPA estimate
-Traveled 393 miles on a charge despite its 363-mile EPA range https://t.co/Grov2hXqpa pic.twitter.com/Zl8rnZZLIB
— TESLARATI (@Teslarati) June 8, 2026
The Model 3 Rear-Wheel-Drive might be the best bang-for-your-buck EV if you’re looking to buy new and want access to features like Full Self-Driving, while also being aware of efficiency. This trim of the Model 3 is also priced over $9,000 cheaper than what Kelley Blue Book says the average transactional price for a new car was in May 2026, which sits at $46,023.
If you’re looking for something with more speed, an All-Wheel-Drive drivetrain, or more premium features, the Premium trims of the Model 3 currently come with one year of Free Supercharging.
The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.
According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.
At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.
The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.
SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.
Important pieces moving forward include:
- Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
- Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
- AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
- Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.
The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.
For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.
For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.
All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.
Tesla tipped its hand at where Robotaxi is heading next
Tesla Model 3’s cheapest trim just got a major accolade
