Connect with us

News

SpaceX’s first Starlink launch of the year up next after schedule shuffle

Falcon 9 booster B1049 is probably just a few days from its eighth launch and SpaceX's first Starlink mission of the new year. (Richard Angle)

Published

on

Update: SpaceX’s Starlink-16 mission is now scheduled to launch no earlier than 8:45 am EST (13:45 UTC) on Monday, January 18th.

SpaceX’s first Starlink launch of the year is now up next after a major rideshare mission’s delays forced a schedule shuffle.

Known as Starlink-16 or Starlink V1 L16, the mission will be SpaceX’s 16th launch of operational v1.0 communications satellites and its 17th Starlink launch overall. Originally scheduled to follow SpaceX’s first dedicated Smallsat Program rideshare launch on January 14th, that Transporter-1 mission slipped to no earlier than (NET) January 21st after a rapid-fire series of chaotic events earlier this year.

Scheduled to launch NET 1:23 pm EST (18:23 UTC) on January 17th, Starlink-16 thus became SpaceX’s defacto second launch of the year. Progress towards that working date became visible when, drone ship Just Read The Instructions (JRTI) quickly offloaded its most recent Falcon 9 booster ‘catch’ and departed Port Canaveral for the second time this year on January 13th. Headed some 633 km (~400 mi) northeast, the autonomous rocket landing platform is right on schedule (and set to be in the right place) to support a Starlink launch around January 17th.

Reading between the lines of comments made on January 12th by a 45th Space Wing colonel, the Kennedy Space Center (KSC) and Cape Canaveral Air Force Station (CCAFS) expect to support many as 53 launches in 2021, some 42-44 of which can be attributed to SpaceX.

Advertisement

That figure meshes with CEO Elon Musk’s recent note that SpaceX is aiming to complete as many as 48 launches this year, 4-6 of which will likely fly out of the company’s Vandenberg Air Force Base, California facilities. If SpaceX does manage 40+ Florida launches in 2021, it’s safe to say that half – if not more – will be Starlink missions. In other words, SpaceX’s imminent Starlink-16 launch is likely the first of roughly two-dozen planned over the next 12 months, potentially orbiting almost 1500 satellites in a single year.

Falcon 9 B1049 completed its seventh launch and returned to port in late November 2020. (Richard Angle)
B1058 completed its fourth launch in early December 2020. (SpaceX)

Perhaps just three days out from Starlink-16’s scheduled launch, which of SpaceX’s five readily-available Falcon 9 boosters is assigned to support the mission. Falcon 9 B1049 is (numerically speaking) the best candidate, having last launched in late November – 54 days prior to January 17th. Falcon 9 B1058 is the next ‘oldest’ in the sense that it’s the second to last most recently launched, giving SpaceX roughly 40 days to turn the booster around for Starlink-16.

Regardless of the booster SpaceX selects, it’s all but guaranteed to result in one of the fastest Falcon 9 turnarounds ever – an increasingly less significant milestone as the company works to aggressively cut the average time between booster launches. Chances are also good that Starlink-16 will sport at least one flight-proven fairing half as SpaceX continues to gain experience recovering and reusing the carbon composite nosecones.

Assuming Starlink-16 features the usual 60 spacecraft, success will mean that SpaceX has officially launched more than 1000 Starlink satellites since dedicated launches began a year and a half ago in May 2019. Altogether, a successful launch would leave SpaceX with roughly 940 functional spacecraft in orbit – half or more of which are currently either raising or phasing their orbits.

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

Advertisement
Comments

Elon Musk

Tesla executes ‘a must’ with Musk as race to AI supremacy goes on: Wedbush

Dan Ives of Wedbush says Tesla made the right move getting Elon Musk his pay package.

Published

on

elon musk
Steve Jurvetson, CC BY 2.0 , via Wikimedia Commons

Tesla (NASDAQ: TSLA) executed what Wedbush’s Dan Ives called “a must” this morning as it finalized a new pay package for its CEO Elon Musk.

The move helped give Musk his first meaningful compensation at Tesla since 2017, when the company offered a pay package that was based on performance and proven growth. That package was approved by shareholders on two separate occasions, but was denied to Musk both times by the Delaware Chancery Court.

On Monday, Tesla announced on X that it had created a new package that would give 96 million shares of restricted stock to Musk to compensate him for the “immense value generated for Tesla and all our shareholders.”

The details of the pay package are designed to retain Musk, who has voiced some concerns about his control of Tesla, as “activist shareholders” have used lawsuits to disrupt the previously approved package.

You can read all the details of it here:

Tesla rewards CEO Elon Musk with massive, restricted stock package

Ives says Musk’s retention is ‘a must’

Ives said in a note to investors on Monday that with the raging AI talent war that Tesla made a smart move by doing what it could to retain Musk.

He wrote:

“With the AI talent war now fully underway across Big Tech, we believe this was a strategic move to keep TSLA’s top asset, Musk, would stay focused at the company with his priority being to bolster the company’s growth strategy over the coming years. With this interim award increasing Musk’s voting rights upon this grant, which Musk honed in on and mentioned was increasingly important to incentivize him to stay focused on the matters at hand, this was a strategic move by the Board to solidify Musk as CEO of Tesla over the coming years with this framework for Musk’s pay package and greater voting control removing a major overhang on the story.”

He went on to say:

“While the groundwork is now in place for the next few years, it will be critical for the Tesla Board of Directors to get this long-term compensation strategy in place prior to the company’s November 6th shareholder meeting which would address the elephant in the room and remove a significant overhang on the stock.”

Wedbush maintained its Outperform rating and its $500 price target on the stock.

Continue Reading

Elon Musk

Tesla CEO Elon Musk reveals ideal timeline for insane self-driving feature

Tesla CEO Elon Musk has extremely optimistic expectations for Full Self-Driving progress by the end of 2025.

Published

on

Credit: Tesla

Tesla CEO Elon Musk has revealed his ideal timeline for what would likely be the most insane self-driving feature: the ability for drivers to play video games at the wheel.

There are a handful of videos out there of drivers already performing this task. Nobody using Tesla’s Full Self-Driving suite should perform these activities, as the company maintains the system is not fully autonomous.

Drivers are responsible for the vehicle and should be prepared to take over.

Tesla has put a lot of faith in its development of Full Self-Driving and has made tremendous strides over the past few years. Capabilities have gotten more refined and accurate through various methods, including data collection and hardware improvements.

Tesla kicks Robotaxi geofence expansion into high gear in Austin

It has gotten so good that Tesla launched a Robotaxi platform in Austin, Texas, on June 22. Passengers can hop in the back of a Model Y and will be transported around the city in a confined geofence that is about 90 square miles in size. There is nobody in the driver’s seat, but there is a Safety Monitor in the passenger’s seat.

Tesla launched a similar experience in California’s Bay Area last week, but the company has placed the Safety Monitor in the driver’s seat for that region for the time being.

Eventually, Tesla will get to a point where no monitor is needed, and the vehicles will be able to drive themselves. Many believe that it is a few years away, but Musk believes Tesla could achieve it very soon.

After a video of someone playing Grand Theft Auto in their Cybertruck while operating Full Self-Driving was shared on the social media platform X, Musk said this capability would be available in “probably 3 to 6 months, depending on regulatory approval in your city and state.”

It is important to remember that Musk has been very optimistic regarding autonomy timelines with Tesla projects. We heard for many years that the company would have self-driving vehicles “by the end of the year,” and those projects did not come to fruition.

While there was progress, there were no fully autonomous vehicles or software versions for customers.

With that being said, Tesla has made tremendous strides in its quest for autonomous vehicles this year, and launching a Robotaxi platform was a huge step in the right direction.

Continue Reading

Elon Musk

Tesla rewards CEO Elon Musk with massive, restricted stock package

Tesla announced a new pay package for Elon Musk that is restricted and will award him nearly $30 billion for contributions to the company.

Published

on

Justin Pacheco, Public domain, via Wikimedia Commons

Tesla has rewarded CEO Elon Musk with a massive, restricted stock package that equates to about $29 billion in shares in an effort to retain him as the head of the company.

It is also a package that aims to reward Musk for leading numerous Tesla projects that have brought billions in value for shareholders over the past seven years. After his 2018 pay package was rejected by a Delaware Chancery Court, Musk started to question his future at the company.

This move, performed by a Special Committee of the Tesla Board, should retain him for several years.

On Monday morning, Tesla shared on X that it had approved a recommendation from a Special Committee comprised of Board Chair Robyn Denholm and fellow board member Kathleen Wilson-Thompson. It aimed to compensate Musk for his “extraordinary work” and reward him after not receiving “meaningful compensation” for the last eight years.

The post stated that “Tesla is committed to honoring its promises in the 2018 CEO Performance Award and intends to compensate its CEO for his future services commensurate with his contributions to our company and shareholders, we have recommended this award as a first step, ‘good faith’ payment to Elon.”

The award includes the following:

  • 96 million restricted shares of stock, subject to Elon paying a purchase price upon meeting a two-year vesting term, to be delivered after receipt of antitrust regulatory approval
  • The purchase price will be equal to the split-adjusted exercise price of the stock options awarded to Elon under the 2018 CEO Performance Award ($23.34 per share)
  • A requirement that Elon serve continuously in a senior leadership role at Tesla during the two-year vesting term
  • A pledging allowance to cover tax payments or the purchase price
  • A mandatory holding period of five years from the grant date, except to cover tax payments or the purchase price (with any sales for such purposes to be conducted through an orderly disposition in coordination with Tesla); and
  • If the Delaware courts fully reinstate the 2018 CEO Performance Award, this interim award will be forfeited or returned or a portion of the 2018 CEO Performance Award will be forfeited. To put it simply, there cannot be any “double dip.” Elon will not be able to keep this new award in addition to the options he will be awarded under the 2018 CEO Performance Award, should the courts rule in our favor

The board added:

“The Special Committee believes now is the right time to take decisive action to recognize the extraordinary value that Elon created for Tesla shareholders. As such, the Board (with Elon and Kimbal Musk recusing themselves) has unanimously approved a recommendation from the Special Committee of the Board to grant Elon an award of restricted stock equal to approximately one-third of the compensation he earned under the 2018 CEO Performance Award.”

Musk and his brother, Kimbal, are both members of the Tesla board. However, both Musk brothers recused themselves from any voting on this pay package.

The move comes as Musk has hinted on several occasions that he is concerned about his control of the company. His current stake in Tesla stands at about 12.8 percent. He has said a few times he would be more comfortable with a 25 percent stake to protect himself against “activist shareholders.”

He commented on it during the Q2 Earnings Call in late July:

“That is a major concern for me, as I’ve mentioned in the past. I hope that is addressed at the upcoming shareholders’ meeting. But, yeah, it is a big deal. I want to find that I’ve got so little control that I can easily be ousted by activist shareholders after having built this army of humanoid robots. I think my control over Tesla, Inc. should be enough to ensure that it goes in a good direction, but not so much control that I can’t be thrown out if I go crazy.”

The pay package should alleviate any concerns that Tesla would lose Musk as its CEO. Retaining him is perhaps the biggest step in ensuring consistent progress is made on several fronts, including AI and Robotics.

Continue Reading

Trending