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SpaceX, NASA already planning its next astronaut mission following historic launch
SpaceX’s first launch of Crew Dragon with astronauts on board may have to wait a few more days to get off the ground, but that doesn’t mean that the company isn’t already looking forward to the future. Following Demo-2, and if all goes as planned, NASA is expected to certify the Crew Dragon spacecraft for regular flights to and from the space station.
At that time, SpaceX and NASA will start nailing down the details for its next crewed mission. Each Dragon spacecraft is certified to stay on orbit for no more than 120 days, so they have to time everything carefully. That’s why the length of Demo-2 is uncertain — it all depends on when the next spacecraft will be ready.
That could happen sooner rather than later. NASA administrator, Jim Bridenstine, explained during a pre-launch briefing that the next flight of the Crew Dragon could fly as soon as August 30. That flight, called Crew-1, would see the Dragon carry four astronauts to the space station for a six-month stay. On board will be three NASA astronauts — Mike Hopkins, Victor Glover, and Shannon Walker — who will be joined by Japanese astronaut Soichi Noguchi.
However, before they can fly, the Demo-2 crew of Doug Hurley and Bob Behnken are putting the Dragon through its paces. It’s their job to test out the craft’s various systems on this final test flight. Crew Dragon has already made one successful flight to the space station, but that was without a crew on board. When it flies this next time, Bob and Doug will not only test out manual controls of the Dragon’s flight systems, but also the craft’s ECLISS (or environmental control and life support system).
Bridenstine stresses that Demo-2 is a test flight. The mission is designed to test the vehicle, land it safely, and prepare to regularly launch crew. To that end, there will be several weeks in between the Demo-2 flight and the launch of Crew-1. This will allow SpaceX and NASA to inspect and certify the Dragon.
“They can be there probably until early August,” Bridenstine said, referring to the Demo-2 mission. “If we have a good window to come home and they are not necessary on the International Space Station, we will be taking it.”
“The goal is to get them to the International Space Station, test the systems and get them home,” he added. “If they can do more work than that while on the ISS, certainly that’s OK. But this is a test flight.”
Behnken and Hurley will be joining fellow NASA astronaut Chris Cassidy on station. Cassidy, along with two Russian cosmonauts, launched to the station in April. They’ve been serving as a skeleton crew, so the addition of two more astronauts will be welcomed.
SpaceX snagged a $2.6 billion contract in 2014, to fly six operational crewed missions for NASA. For nearly a decade now, NASA has been forced to rely on Russia as the sole means of transporting astronauts to and from the orbital outpost. This arrangement is expensive, with seats now costing NASA approximately $90 million each.
Once Crew Dragon is fully operational, NASA hopes to end its payments to Russia. It would lie to establish a barter system for seats instead. NASA is hopeful that the Russians will want to fly on the Dragon and are wanting to trade seats with the Russians in the near future.
That arrangement would see U.S. astronauts continue to fly on Soyuz spacecrafts as well as Russian cosmonauts fly on U.S. spacecraft with no money being exchanged. Russian officials have said they would be open to putting cosmonauts on U.S. vehicles after they’ve been fully certified.
Russia as well as many international partners participated in the Dragon’s readiness review process along with NASA. The Dragon passed both its flight readiness review and launch readiness reviews with flying colors. Right now, the only thing standing in its way is launch weather.
Currently, NASA and SpaceX are targeting Saturday, May 30 at 3:22 p.m. for liftoff.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
