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SpaceX fires up rocket for second NASA spacecraft launch in two weeks
SpaceX says it has successfully static fired Falcon 9 ahead of the company’s second scientific NASA spacecraft launch in just two weeks.
On November 24th, SpaceX successfully launched the small Double Asteroid Redirection Test (DART) spacecraft, marking Falcon 9’s first direct interplanetary launch and the rocket’s first flight-proven mission for NASA’s Launch Service Program (LSP). Now, as early as 1am EST (06:00 UTC) on Thursday, December 9th, SpaceX is on track to launch an even tinier NASA spacecraft known as the Imaging X-ray Polarimetry Explorer or IXPE. A telescope designed to survey some of the most extreme environments in the known universe, IXPE was originally meant to launch on the small but expensive and oft-delayed Pegasus XL rocket and weighs about 325 kilograms (720 lb) as a result.
Instead, in mid-2019, SpaceX effectively stole NASA’s IXPE launch contract out from under Orbital ATK in the midst of chronic delays of a different Pegasus XL NASA mission, bidding just over $50 million to launch the smallsat on Falcon 9. Some two years behind schedule when it finally completed the mission, Pegasus XL ultimately launched NASA’s similarly small ICON spacecraft in October 2019 for the equivalent of ~$66 million in 2021
In other words, SpaceX is charging NASA less than Orbital ATK charged to launch ICON on a rocket capable of delivering 600 kg (~1300 lb) to low Earth orbit (LEO) to launch IXPE on a rocket capable of launching about 16,000 kg (~35,000 lb) to the same orbit. Even then, despite Falcon 9’s comparatively dirt-cheap pricing relative to the performance it offers, the IXPE launch should still be profitable for SpaceX. In the recent past, CEO Elon Musk and a few other executives have indicated that the cost to SpaceX to launch a flight-proven Falcon 9 is between $15 million and $28 million depending on how costs are measured.
That is to say that even at $50M, SpaceX has plenty of breathing room to drop launch costs even further if it ever runs into actual competitive pressure. Since the first booster recovery in December 2015 and the first booster reuse in March 2017, Falcon 9 is still the world’s only reusable orbital-class rocket. IXPE is the latest in a line of NASA missions to benefit from SpaceX’s unprecedented private expertise and the company has assigned Falcon 9 booster B1061 to launch the ~$140M spacecraft.
The booster has currently launched eight astronauts, three Dragons, and one large geostationary communications satellite in its four-launch, 13-month career and IXPE will be the booster’s fifth spaceflight and orbital-class launch since November 2020. It will also be the smallest dedicated payload a Falcon 9 rocket has ever launched by a large margin, making for a very empty payload fairing at liftoff.
On December 4th, SpaceX successfully performed a launch rehearsal, fully fueling Falcon 9 B1061 and a new upper stage and briefly firing up the booster’s nine Merlin 1D engines to verify that the vehicle is ready for flight. The company has since brought Falcon 9 horizontal and rolled it back into Kennedy Space Center (KSC) Pad 39A’s main hangar, where the rocket’s payload fairing – containing IXPE – will be attached to the rest of the stack. IXPE will be SpaceX’s 28th launch in 2021 (a new record) and is the second of four or five East Coast Falcon 9 launches planned this December.
Read more about the IXPE spacecraft and its mission to observe black holes, dead stars, and other bizarre phenomena here.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
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Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
