News
SpaceX set to launch massive satellite on July 2nd: 3 flights in 9 days
SpaceX’s Next Launch is Still Nearly on Time in Spite of BulgariaSat-1 Delays
As first reported earlier this morning by James Dean of Florida Today and now officially confirmed by the launch customer Intelsat, SpaceX’s launch of Intelsat 35e has been scheduled for July 2nd at 4:36 p.m. PST.
A several day delay of the launch of BulgariaSat-1 from Monday to Friday of last week was logically assumed to mean that the launch of Intelsat 35e, previously scheduled for July 1st, would be delayed at least several days to allow for the necessary pad checks and repairs that occur after launches. In 2017, this pad flow has generally taken at least a full week, with a static fire occurring once the pad is ready, and a launch several days after that. Two weeks has so far been a relatively consistent minimum between launches from the same pad.
A launch from LC-39A on July 2nd would give SpaceX at most nine days from the launch of BulgariaSat-1 to ready the pad once more. Further, Intelsat 35e has a static fire scheduled as early as Thursday this week, six days after the pad’s previous successful launch. I previously wrote about SpaceX potentially conducting three separate missions within the course of two weeks and declared that such an accomplishment would be a massive accomplishment and proof of concept for some of SpaceX’s more lofty goals. Now it would appear that there is a possibility that SpaceX could launch three separate missions in as few as nine days.
Nine days is of course quite close to being a single week, and successfully pulling off what is now officially scheduled would lend unassailable credence to a previous SpaceX goal of regular, weekly cadence by 2019. In fact, three launches in nine days from two separate pads almost makes regular weekly launches from two separate pads appear imminently in reach for the company, possibly even earlier than 2019.
Intelsat 35e will become the largest communications satellite SpaceX has ever sent to orbit, weighing in at ~6000 kilograms. Designed to last at least 15 years in geostationary orbit, it is expected that SpaceX will attempt to place the satellite into a higher energy geostationary transfer orbit in order to reduce the amount of time it takes the commsat to reach its final planned orbit. This translates to an expendable Falcon 9 Full Thrust that will pushed close to its payload and orbit limits. While it is now somewhat sad to see a Falcon 9 first stage unable to attempt recovery, this will still be a thoroughly exciting launch, especially considering the impressive mass of the satellite.
Another successful recovery for 1029 on June 23, 2017. Note the dramatic lean and differing angles of the legs on the left, courtesy of a very hard landing. (SpaceX)
SpaceX’s constant iteration of Falcon 9 vehicles meant that Intelsat 35e did not have to wait for Falcon Heavy, as the current default version of the Falcon 9 (v1.2) has begun to overlap the original performance estimates for the first Falcon Heavy concept. Of note, the vehicles that launched last weekend have approximately double the lifting capacity of the original Falcon 9, which last flew in 2013.
The static fire for the launch of Iridium 35e is currently scheduled for this Thursday. Check back at Teslarati for confirmation of that test as we find ourselves once more just a handful of days away from yet another SpaceX launch.
Elon Musk
Music City Loop could highlight The Boring Company’s real disruption
The real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
Recent commentary on social media has highlighted what could very well prove to be The Boring Company’s real disruption.
The analysis was shared by tech watcher Aakash Gupta on social media platform X, where he argued that the real story behind the tunneling startup’s Nashville tunnel project is the company’s targeted $25 million per mile construction cost.
According to Gupta’s breakdown, Nashville’s 2018 light rail proposal was priced at roughly $200 million per mile. New York’s East Side Access project reportedly cost about $3.5 billion per mile, while Los Angeles Metro expansion projects have approached $1 billion per mile.
By comparison, The Boring Company has stated it can construct 13 miles of twin tunnels in the Music City Loop for between $240 million and $300 million total. That implies a cost near $25 million per mile, or roughly a 95% reduction from industry averages cited in the post.
Several technical departures from conventional tunneling allow the Boring Company to lower its costs, from its smaller 12-foot diameter tunnels to its fully electric Prufrock machines that are designed to mine continuously with no personnel inside the tunnel and their capability to “porpoise” for easy launch and retrieval.
Tesla and Space CEO Elon Musk responded to the post on X, stating simply that “Tunnels are so underrated.”
The Boring Company has seen some momentum as of late, with the company recently signing a construction contract in Dubai and the Universal Orlando Loop progressing. Recent reports have also pointed to tunnels potentially being constructed to solve traffic congestion issues near the Giga Nevada area.
While The Boring Company’s tunnels have so far been used for Loop systems publicly for now, Elon Musk recently noted that the tunneling startup’s underground passages would not be limited only to ride-hailing vehicles.
In a reply to a post on X which discussed the specifications of the Music City Loop, Musk clarified that “any fully autonomous electric cars can use the tunnels.” This suggests that vehicles potentially running systems like FSD Supervised, even if they are not Teslas, could be used in systems like the Music City Loop in the future.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Music City Loop could highlight The Boring Company’s real disruption
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
