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SpaceX fans are launching a novel effort to invest in the company [Interview]

Falcon Heavy Flight 3 made use of both flight-proven side boosters and a new center core. Note the scorched landing legs and sooty exteriors. (SpaceX)

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Spaced Ventures Founder and CEO Aaron Burnett found his calling when he saw the Falcon Heavy’s two side boosters landing in perfect unison during the spacecraft’s maiden voyage. SpaceX sought to inspire people with Falcon Heavy and its spacefaring Tesla Roadster, and for Burnett, the rocket’s flight definitely did.  

“That thing, that image, essentially broke my brain wide open. That’s why I got involved and started doing what we’re doing today,” he said during a conversation with Teslarati

Spaced Ventures is, to put it simply, an equity crowdfunding platform that pools money from individual investors to buy shares in privately held aerospace companies. The company is currently attempting its most ambitious initiative yet — securing enough pledges to get SpaceX’s attention and have its community members become investors in the private space company. 

Credit: Spaced Ventures

Aaron Burnett, Founder and CEO of Spaced Ventures

If the initiative succeeds, Spaced Ventures will become one of the few firms that were able to get individual shareholders into SpaceX. Achieving such a feat is not easy, as Elon Musk has openly expressed his reservations about taking SpaceX public in the past. SpaceX may be spinning off some of its divisions like Starlink and making those public, but for now, investing in the private space company is still an incredibly tricky endeavor.  

During his conversation with Teslarati, Burnett, whose experience included leading growth for startups and a Fortune 500 company, explained that Spaced Ventures’ attempt to invest in SpaceX was the result of the community’s wishes. The Spaced Ventures community is closing in on 13,000 users, and with this growth, the company’s leadership opted to ask the community a question. 

“If we could get a big space company to do a crowdfunding round, which one would you want?” 

Burnett had a feeling that SpaceX would be one of the community’s top choices, but Spaced Ventures also provided other options, such as Axiom Space and Relativity Space. The choices in the survey featured aerospace companies with lofty goals, but as the results came in, it became highly evident that Spaced Ventures’ users overwhelmingly wanted to invest in SpaceX. 

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About 82% of the users polled wished to invest in Elon Musk’s private space company. “It was quite decisive. We could have guessed that that would happen. But this was a very nice, decisive moment for us where we said, ‘Okay, we’ll just do that,’” Burnett said.

And with that, Spaced Ventures started gathering pledges for its SpaceX initiative. The equity crowdfunding platform is looking to secure pledges worth $25 million from its users before it approaches SpaceX, and so far, it appears that Spaced Ventures may indeed have a shot. As of writing, 1,102 community members have pledged a total of $17,657,964 for the private space company. 

Credit: Spaced Ventures

That’s not a small amount by any means, and it’s quite impressive considering that pledges could be as low as $100. But this is only half the story, as some community members pledged amounts that were so notable that Burnett and his team had to double-check. When Spaced Ventures did, the aspiring SpaceX investors clarified that if given a chance, they would actually be investing more

“I think what really surprised us is there are some individuals that wanna put a million or more. I’m like, ‘Ah, this seems ridiculous.’ So I call or (contact them) by email and say, ‘Wanna verify before we go to SpaceX. This is real. It’s not a joke.’ And several of them have responded that not only were they very serious, but they would increase it beyond that if we would allow that number to go bigger.

“Those individuals surprised me. Just the general interest, I think is quite crazy to me— how much people are really passionate about it— so much that they would put significant amounts of money to essentially say, ‘Hey, SpaceX, let us in any way, shape, or form you can,’” Burnett remarked. 

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Ultimately, it is no surprise that Spaced Ventures’ users are willing to go all-in on SpaceX. The private space company has already proven itself over the years, and its projects, such as Starship, have the potential to practically transform humanity into a spacefaring civilization. With this in mind, the idea of SpaceX eventually hitting a valuation well into the trillions of dollars is not too farfetched. 

For now, Spaced Ventures continues to accept pledges from interested parties. When $25 million has been pledged, the equity crowdfunding platform would approach SpaceX and ask the private aerospace company if the amount can be invested. It’s almost like a bet of sorts, but one that could definitely have notable returns if it is successful. 

Those interested in joining Spaced Ventures’ SpaceX initiative can click here

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads-up.

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla gamifies Supercharging with new ‘Charging Passport’

It will also include things like badges for special charging spots, among other metrics that will show all of the different places people have traveled to plug in for range.

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Credit: MarcoRP | X

Tesla is gamifying its Supercharging experience by offering a new “Charging Passport,” hoping to add a new layer to the ownership experience.

While it is not part of the Holiday Update, it is rolling out around the same time and offers a handful of cool new features.

Tesla’s Charging Passport will be available within the smartphone app and will give a yearly summary of your charging experience, helping encapsulate your travel for that year.

It will also include things like badges for special charging spots, among other metrics that will show all of the different places people have traveled to plug in for range.

Tesla will include the following metrics within the new Charging Passport option within the Tesla app:

  • Charging badges: Iconic charging badges for visiting places like the Tesla Diner, Oasis Supercharger, etc., Explorer Badge, and more
  • Total Unique Superchargers Visited
  • Total Charging Sessions
  • Total Miles Added during Charging Sessions
  • Top Charging Day
  • Longest Trip
  • Favorite Charging Locations

This will give people a unique way to see their travels throughout the year, and although it is not necessarily something that is needed or adds any genuine value, it is something that many owners will like to look back on. After all, things like Spotify Wrapped and Apple Music Replay have been a great way for people to see what music they listened to throughout the year.

This is essentially Tesla’s version of that.

With a handful of unique Superchargers already active, Tesla is also building some new ones, like a UFO-inspired location in New Mexico, near Roswell.

Tesla is building a new UFO-inspired Supercharger in the heart of Alien country

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Tesla launches its coolest gift idea ever just a few weeks after it was announced

“Gift one month of Full Self-Driving (Supervised), which allows the vehicle to drive itself almost anywhere with minimal intervention.”

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Credit: Tesla

Tesla has launched its coolest gift idea ever, just a few weeks after it was announced.

Tesla is now giving owners the opportunity to gift Full Self-Driving for one month to friends or family through a new gifting program that was suggested to the company last month.

The program will enable people to send a fellow Tesla owner one month of the company’s semi-autonomous driving software, helping them to experience the Full Self-Driving suite and potentially help Tesla gain them as a subscriber of the program, or even an outright purchase.

Tesla has officially launched the program on its Shop. Sending one month of Full Self-Driving costs $112:

“Gift one month of Full Self-Driving (Supervised), which allows the vehicle to drive itself almost anywhere with minimal intervention. All sales are final. Can only be purchased and redeemed in the U.S. This gift card is valued at $112.00 and is intended to cover the price of one month of FSD (Supervised), including up to 13% sales tax. It is not guaranteed to cover the full monthly price if pricing or tax rates change. This gift card can be stored in Tesla Wallet and redeemed toward FSD (Supervised) or any other Tesla product or service that accepts gift card payments.”

Tesla has done a great job of expanding Full Self-Driving access over the past few years, especially by offering things like the Subscription program, free trials through referrals, and now this gift card program.

Gifting Full Self-Driving is another iteration of Tesla’s “butts in seats” strategy, which is its belief that it can flip consumers to its vehicles and products by simply letting people experience them.

There is also a reason behind pushing Full Self-Driving so hard, and it has to do with CEO Elon Musk’s compensation package. One tranche requires Musk to achieve a certain number of active paid Full Self-Driving subscriptions.

More people who try the suite are likely to pay for it over the long term.

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Tesla expands Robotaxi app access once again, this time on a global scale

Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.

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Credit: Grok

Tesla has expanded Robotaxi app access once again, but this time, it’s on a much broader scale as the company is offering the opportunity for those outside of North America to download the app.

Tesla Robotaxi is the company’s early-stage ride-hailing platform that is active in Texas, California, and Arizona, with more expansion within the United States planned for the near future.

Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.

The platform has massive potential, and Tesla is leaning on it to be a major contributor to even more disruption in the passenger transportation industry. So far, it has driven over 550,000 miles in total, with the vast majority of this coming from the Bay Area and Austin.

First Look at Tesla’s Robotaxi App: features, design, and more

However, Tesla is focusing primarily on rapid expansion, but most of this is reliant on the company’s ability to gain regulatory permission to operate the platform in various regions. The expansion plans go well outside of the U.S., as the company expanded the ability to download the app to more regions this past weekend.

So far, these are the areas it is available to download in:

  • Japan
  • Thailand
  • Hong Kong
  • South Korea
  • Australia
  • Taiwan
  • Macau
  • New Zealand
  • Mexico
  • U.S.
  • Canada

Right now, while Tesla is focusing primarily on expansion, it is also working on other goals that have to do with making it more widely available to customers who want to grab a ride from a driverless vehicle.

One of the biggest goals it has is to eliminate safety monitors from its vehicles, which it currently utilizes in Austin in the passenger’s seat and in the driver’s seat in the Bay Area.

A few weeks ago, Tesla started implementing a new in-cabin data-sharing system, which will help support teams assist riders without anyone in the front of the car.

Tesla takes a step towards removal of Robotaxi service’s safety drivers

As Robotaxi expands into more regions, Tesla stands to gain tremendously through the deployment of the Full Self-Driving suite for personal cars, as well as driverless Robotaxis for those who are just hailing rides.

Things have gone well for Tesla in the early stages of the Robotaxi program, but expansion will truly be the test of how things operate going forward. Navigating local traffic laws and gaining approval from a regulatory standpoint will be the biggest hurdle to jump.

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