Space
SpaceX wins NASA contract to launch Earth Observing System, but current administration has other plans
SpaceX recently snagged an $80.4 million NASA contract to launch an upcoming Earth-observing satellite sometime in 2022. That is, if the mission isn’t scrapped due to budgetary issues.
A used Falcon 9 rocket is slated to ferry the 3,748-lb. (1,700 kg) Plankton, Aerosol, Cloud, and ocean Ecosystem satellite (aka PACE) to orbit sometime in December 2022. The mission, which provides data on oceans and particles in the atmosphere, is expected to launch from Cape Canaveral Air Force Station in Florida.
Its goal: to help us better understand our home planet. SpaceX is expanding its portfolio, after receiving certification for science launches in 2016. To date, SpaceX launched a bevy of scientific satellites including Jason-3 in 2106, the Transiting Exoplanet Survey Satellite (TESS) and GRACE-FO missions in 2018, and the upcoming Sentinel 6A in Nov. 2020.
But it’s been a tough journey for PACE. The satellite has been on the chopping block several times, but managed to avoid getting the ax so far.
That’s because the Trump administration has tried to cancel the ocean-watching mission three separate times now, in an effort to reduce the Earth science budget. Each time the president has tried to cut its funding, Congress voted to support it, including authorizing $131 million for the mission in December 2019.
So NASA has moved ahead with the development of the mission, and selected SpaceX as the launch provider on Feb. 4.
“SpaceX is honored to continue supporting NASA’s critical scientific observational missions by launching PACE, which will help humanity better understand, protect and preserve our planet,” Gwynne Shotwell, SpaceX’s president and chief operating officer, said in a company statement.
PACE will focus on our planet’s oceans, the clouds, and aerosols (small air particles) in an effort to better understand phytoplankton — tiny plant-like organisms in the ocean that are the base of the food chain. These organisms can tell us a lot about how climate change is affecting the environment.
“PACE will help scientists investigate the diversity of organisms fueling marine food webs and the U.S. economy, and deliver advanced data products to reduce uncertainties in global climate models and improve our interdisciplinary understanding of the Earth system,” NASA said in a statement.
“It will also continue systematic records of key atmospheric variables associated with air quality and Earth’s climate,” officials wrote on the PACE mission’s website.
Like most plants, phytoplankton relies on chlorophyll to capture sunlight, and then using photosynthesis to turn it into chemical energy, releasing oxygen as a byproduct.
Phytoplankton are a diverse variety of species and their growth depends on the availability of things like carbon dioxide, sunlight, and nutrients. Just like their terrestrial counterparts, phytoplankton require can nutrients such as nitrate, phosphate, silicate, and calcium, depending on the species.
Other factors that influence growth rates are water temperature and salinity, water depth, wind, as well as what sort of predators are nearby.
When conditions are just right, phytoplankton populations can grow explosively, a phenomenon we call a bloom. Blooms in the ocean may cover hundreds of square kilometers and are easily spotted in satellite imagery. A bloom may last several weeks, although the life expectancy of any individual organism is rarely more than a few days.
Phytoplankton are important because they are the foundation of the aquatic food web, feeding many different creatures from other microscopic organisms to enormous, mega-ton whales.
Phytoplankton aren’t always a good thing — certain species are known to produce powerful biotoxins, like the red tide. These toxic blooms can kill marine life and ultimately people if they accidentally eat contaminated seafood or by inhaling the organisms.
PACE’s primary tool is called the Ocean Color Instrument (OCI). It will measure the color of the ocean in a broad range of wavelengths, from ultraviolet to shortwave infrared, according to NASA. The satellite will observe the Earth from an orbital perch about 420 miles (675 kilometers) above the planet. (For reference, the space station orbits at 250 miles or 400 km up.)
“The color of the ocean is determined by the interaction of sunlight with substances or particles present in seawater, such as chlorophyll, a green pigment found in most phytoplankton species,” according to the mission’s website. “By monitoring global phytoplankton distribution and abundance with unprecedented detail, the OCI will help us to better understand the complex systems that drive ocean ecology.”
PACE will be in a sun-synchronous orbit, which will allow for consistent daylight conditions for imaging. This makes it easier for scientists to compare different regions and the same regions over long periods of time — if the satellite makes it to orbit.
Today, the president released his budget request for 2021, and once again, PACE is one of two Earth science missions he wants to cancel. Will its luck hold out? Will Congress vote to approve funding for the vital satellite despite the president’s suggestion? Only time will tell.
But with many coastal states recently suffering from red tide, this satellite will be a valuable tool in scientists’ arsenal to help them better understand these tiny organisms.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Elon Musk
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
SpaceX CEO Elon Musk has revealed the timeline for the next Starship launch. It will be the first launch using SpaceX’s revamped design for Starship, as its v3 rocket will take its maiden voyage sooner than many might expect.
Musk announced on April 3 on X that the next Starship flight test, and the first flight of the upgraded v3 ship and booster, is 4 to 6 weeks away. The update signals the end of a nearly six-month hiatus since the program’s last launch.
Elon says the first V3 Starship launch will occur in 4-6 weeks
It will be the first Starship launch since Flight 11 on October 13, 2025 https://t.co/QnnYPTdbUu
— TESLARATI (@Teslarati) April 3, 2026
The upcoming mission, designated as Starship’s 12 integrated flight test (IFT-12), marks a significant milestone. It will be the debut of the v3 configuration, featuring a taller Super Heavy Booster and Starship upper stage. The changes SpaceX has made with the v3 rocket and booster are an increased propellant capacity and the more powerful Raptor 3 engines.
Earlier predictions from Musk in March had pointed to an April timeframe, but the latest timeline now targets a launch window in early to mid-May 2026.
The V3 iteration represents a substantial evolution from previous Starship prototypes. Engineers have optimized the design for improved manufacturability, higher thrust, and greater efficiency. Raptor 3 engines deliver significantly more power while reducing weight and production costs compared to earlier variants.
With these enhancements, SpaceX aims to boost payload capacity toward 200 metric tons to low Earth orbit in a fully reusable configuration — a dramatic leap from the roughly 35-ton target of prior versions. Such capabilities are critical for ambitious goals, including NASA’s Artemis lunar missions and eventual crewed flights to Mars.
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
Recent activities have involved static fires, activation of the new Pad 2 at Starbase in Boca Chica, Texas, and integration of Raptor 3 engines.
A prior incident with an early V3 booster on the test stand in late 2025 contributed to the delay, necessitating additional assembly and qualification work.
Musk’s timeline updates have become a hallmark of the Starship program, often described with characteristic optimism.
SpaceX’s Starship V3 is almost ready and it will change space travel forever
While past targets have occasionally shifted by weeks, the rapid iteration pace remains impressive. However, don’t be surprised if this timeline shifts again, as Musk has been overly optimistic in the past with not only launches, but products under his other companies, too.
SpaceX continues to refine launch infrastructure, including new propellant loading systems and tower mechanisms designed to support higher cadence operations. A successful V3 flight could pave the way for more frequent tests, tower catches of both booster and ship, and progression toward operational reusability.
The v3 debut is viewed as a transition point for Starship, moving beyond experimental flights toward a system capable of supporting large-scale deployment of Starlink satellites, lunar landers, and interplanetary transport.
Success on IFT-12 would demonstrate not only the new hardware’s performance but also SpaceX’s ability to recover from setbacks and maintain momentum.
As the 4-to-6-week countdown begins, anticipation builds at Starbase. Teams are finalizing vehicle stacking, conducting final pre-flight checks, and preparing for regulatory approvals. The world will be watching to see if Starship V3 can deliver on its promise of transforming humanity’s access to space.
Elon Musk
SpaceX files confidentially for IPO that will rewrite the record books
SpaceX files confidentially for a record-breaking IPO targeting a $1.75T valuation and $80B raise, driven by Starlink growth and its xAI merger.
Elon Musk’s rocket and satellite company submitted its draft registration to the U.S. Securities and Exchange Commission today for an initial public offering, targeting June at a $1.75 trillion valuation. This would be the largest in history.
SpaceX has filed confidentially with the SEC, first reported by Bloomberg. SpaceX would be valued above every S&P 500 company except Nvidia, Apple, Alphabet, Microsoft, and Amazon.
The filing uses a confidential process that allows companies to work through SEC disclosures privately before initiating a public roadshow. With a June target, official details through a formal prospectus is expected to go public in April or early May, after which SpaceX must wait at least 15 days before beginning investor marketing.
While SpaceX is best known for its Falcon 9 and Starship rockets, the $1.75 trillion valuation is anchored by Starlink, its satellite internet service. Starlink ended 2025 with 9.2 million subscribers and over $10 billion in revenue, which is a figure analysts project could reach a staggering $24 billion by the end of 2026. A February all-stock merger with xAI, Musk’s artificial intelligence venture, further boosted the valuation.
SpaceX officially acquires xAI, merging rockets with AI expertise
Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are lined up as senior underwriters. SpaceX is also considering a dual-class share structure to preserve insider voting control, and plans to allocate up to 30% of shares to retail investors, which is roughly three times the typical norm.
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
