News
SpaceX and NASA are go for the 12th Cargo Dragon launch on Monday
Just under 24 hours ahead of the launch of CRS-12, NASA and SpaceX provided information about the mission earlier this morning during a pre-launch press conference.
NASA confirmed once more that tomorrow’s launch attempt will be the only slot available until August 19th or 20th, due to a planned EVA (extra vehicular activity) that will involve the launch of cubesats around the ISS. As a result of safety restrictions, cargo and crew spacecraft are not allowed to approach the International Space Station while crew are outside, nor while satellites launched from the station have yet to have their orbits characterized. The United Launch Alliance has a launch planned for August 18th or 19th, with SpaceX able to make a second attempt after ULA’s launch, if necessary.
CRS-12’s Dragon and Falcon 9 1039 horizontal at LC-39A ahead of a launch attempt on Monday.
(NASASpaceflight /u/Craig_VG)
Revealed by NASASpaceflight.com in an article posted yesterday, “some but not all of the Block 5 upgrades, including some incremental upgrades like increased engine thrust, will debut…on the CRS-12 launch”. Hans Koenigsmann, the Vice President of Mission Assurance at SpaceX, was not aware of specific differences between past launches, but did not deny that there would be some level of incremental improvements present for the launch of CRS-12. Interestingly, Gebhardt also reported that Falcon 9 Block 5, intended to be a highly reusable “final” version of the vehicle, is expected to take flight for the first time during SpaceX’s first Commercial Crew Demo-1 launch as soon as February 2018.
Koenigsmann further confirmed that the launch of CRS-12 would make use of reused landing legs, although their origin is unknown. As far as he was aware, the legs are the only reused hardware that will be present during the launch.
The lack of backup attempts for CRS-12’s launch means that more focus is being placed on weather conditions at the launch site. As of several days ago, weather forecasts were looking negative for the launch and suggesting a 70% or greater chance of conditions that would prevent a launch attempt. However, this has flipped around over the last 24 hours, and the probably of weather violations is now only 30%. The Air Force’s 45th Space Wing did release a report today indicating that conditions after the launch may make safing the landed first stage more difficult for SpaceX, with an increased potential for rain and lightning.
If all goes well, core 1039 will attempt a landing tomorrow afternoon at SpaceX’s Landing Zone 1 (LZ-1). (SpaceX)
Also discussed briefly during the press conference, necessary modifications to the LC-39A pad are still set to occur this fall ahead of Falcon Heavy’s inaugural launch before the end of the year. LC-40 is also progressing nicely and while Koenigsmann stated that SpaceX had not as of yet decided on the first mission to fly from the reactivated pad, it is currently expected to be SES-11 sometime early in the fourth quarter of 2017. SES-11 has also been hinted to be launching aboard a reused Falcon 9 first stage, and would make for a fitting return to operational status for the pad.
In other news, CRS-13, which will fly with a refurbished Dragon spacecraft, is now set to launch no earlier than December 2017. Previously aiming for a November launch, it has almost certainly been pushed back as a result of Orbital-ATK choosing to slightly delay their next launch of their Cygnus spacecraft until November. This extra time will allow OATK to accommodate more cubesat payloads during that launch, and the delays of Cygnus’ OA-7 mission or Dragon’s CRS-13 launch are anticipated to be the result of technical issues.
Catch the first launch attempt of CRS-12 live tomorrow at the link below! The expected moment of liftoff is approximately 12:31 p.m. EST, 9:31 a.m. PST.
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
