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SpaceX's main Starlink constellation competitor is running out of money
OneWeb, the only pressing competitor facing SpaceX’s Starlink satellite internet constellation, has reportedly begun to consider filing for bankruptcy shortly before the London-based company completed its third dedicated launch.
Following the completion of its first full 34-satellite launch with a Russian Soyuz rocket on February 7th, OneWeb managed to complete a second launch on March 22nd just a few days after Bloomberg revealed its bankruptcy concerns. OneWeb now has 74 ~150-kg (330 lb) satellites in orbit – roughly 11% of its initial 650-satellite constellation. Like SpaceX, OneWeb’s goal is to manufacture and launch an unprecedented number of high-performance small satellites for a per-spacecraft cost that would have previously been inconceivable.
SpaceX’s Starlink, OneWeb, Telesat, Amazon Project Kuiper, and other prospective low Earth orbit (LEO) communications constellations all aim to provide high-speed, low-latency internet services to users almost anywhere on the surface of Earth. First and foremost, those constellations would seek to provide service to those who want broadband internet but have yet to be connected through traditional ground-based means by existing internet service providers (ISPs) that are either unable or unwilling to do so. Simply put, that is not an easy goal and OneWeb now appears to be heading towards sunset despite the wealth of resources it at one point possessed.
Requiring numerous revolutions in satellite manufacturing, antenna production, and launch vehicle affordability, as well as a vast and complex network of ground terminals, numerous companies have tried and failed to rise to the challenge over the decades. Original Globalstar, Teledesic, and Iridium constellations all raised more than $10 billion in the 1990s under the promise of blanketing the Earth with internet from space. All wound up bankrupt at one point or another.
Globalstar eventually completed an operational constellation, as did Iridium. Piggybacking off of many painful lessons-learned, Iridium even managed to become profitable, stable, and sustainable enough to fund an entirely new replacement constellation, launched on eight SpaceX Falcon 9 missions and completed in January 2019.
Short of a miracle, especially given the imminent economic catastrophe now facing much of the world, OneWeb appears to be close to becoming the latest body on a very tall pile. As if OneWeb learned nothing from the fates of those that came before, it has somehow managed to run out of money (or nearly so) despite having raised more than $3.4 billion in just four years. How OneWeb managed to turn $3.4 billion into a single factory and ~75 satellites in orbit is undoubtedly a mystery worth demystifying but for now, all that’s known is that the company is concerned about coronavirus impacts and anticipates imminent layoffs on top of future launch and production delays.
Ever the lone wolf, SpaceX forges ahead
Speaking earlier this month at the SATELLITE 2020 conference, SpaceX CEO Elon Musk frankly noted that Starlink – SpaceX’s exceptionally ambitious entrant to the LEO satellite internet race – was a work in progress with a real chance of failure. He made it clear that he was aware the constellation is now navigating a graveyard that has brought numerous companies with far more funding to their knees – now possibly including OneWeb. Nevertheless, SpaceX has shown no signs of slowing down. It’s possible – if not all but guaranteed – that the company’s Redmond, Washington-based has already been severely impacted by the coronovirus pandemic, given that the state is one of the US epicenters.
The company’s Los Angeles rocket factory is also likely to begin to experience major impacts as the city starts to take pandemic-related threats seriously. SpaceX’s Florida launch facilities and Texas Starship factory and development facilities are much less likely to be harmed in the interim. It’s another question entirely whether continuing to operate large factories and facilities is the right thing to do for SpaceX’s employees and the regions they reside in, whether states intervene or governments govern.
Nevertheless, thanks to the fact that SpaceX’s Washington factory has been building satellites 50% faster than it can launch them, it’s likely that at least one or two (if not several) launches worth of Starlink satellites are stockpiled and waiting to fly. The company’s next Starlink mission (Starlink L7 or V1 L6) is expected to launch no earlier than (NET) April 2020. The global pandemic could potentially create some open space in the company’s near-term manifest, but it could just as easily make SpaceX’s US launch activities next to impossible.
SpaceX has already delivered 360 Starlink satellites to orbit, 300 of which were launched in the last four months alone and all but ~10 of which are believed to still be operational. Barring increasingly likely delays from the growing pandemic, SpaceX anticipated it could have enough spacecraft in orbit (~500-600 satellites) to begin serving internet to customers in Canada and the northern US as early as this summer. For now, we’ll have to wait and see how things shake out in the coming weeks.
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Tesla aims to combat common Full Self-Driving problem with new patent
Tesla writes in the patent that its autonomous and semi-autonomous vehicles are heavily reliant on camera systems to navigate and interact with their environment.
Tesla is aiming to combat a common Full Self-Driving problem with a new patent.
One issue with Tesla’s vision-based approach is that sunlight glare can become a troublesome element of everyday travel. Full Self-Driving is certainly an amazing technology, but there are still things Tesla is aiming to figure out with its development.
Unfortunately, it is extremely difficult to get around this issue, and even humans need ways to combat it when they’re driving, as we commonly use sunglasses or sun visors to give us better visibility.
Cameras obviously do not have these ways to fight sunglare, but a new patent Tesla recently had published aims to fight this through a “glare shield.”
Tesla writes in the patent that its autonomous and semi-autonomous vehicles are heavily reliant on camera systems to navigate and interact with their environment.
The ability to see surroundings is crucial for accurate performance, and glare is one element of interference that has yet to be confronted.
Tesla described the patent, which will utilize “a textured surface composed of an array of micro-cones, or cone-shaped formations, which serve to scatter incident light in various directions, thereby reducing glare and improving camera vision.”
The patent was first spotted by Not a Tesla App.
The design of the micro-cones is the first element of the puzzle to fight the excess glare. The patent says they are “optimized in size, angle, and orientation to minimize Total Hemispherical Reflectance (THR) and reflection penalty, enhancing the camera’s ability to accurately interpret visual data.”
Additionally, there is an electromechanical system for dynamic orientation adjustment, which will allow the micro-cones to move based on the angle of external light sources.
This is not the only thing Tesla is mulling to resolve issues with sunlight glare, as it has also worked on two other ways to combat the problem. One thing the company has discussed is a direct photon count.
CEO Elon Musk said during the Q2 Earnings Call:
“We use an approach which is direct photon count. When you see a processed image, so the image that goes from the sort of photon counter — the silicon photon counter — that then goes through a digital signal processor or image signal processor, that’s normally what happens. And then the image that you see looks all washed out, because if you point the camera at the sun, the post-processing of the photon counting washes things out.”
Future Hardware iterations, like Hardware 5 and Hardware 6, could also integrate better solutions for the sunglare issue, such as neutral density filters or heated lenses, aiming to solve glare more effectively.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
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Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
Tesla aims to combat common Full Self-Driving problem with new patent
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
