News
SpaceX readies for upcoming February launches
Although no major announcements from SpaceX regarding its upcoming February 14th and February 28th missions have been released, small details about the company’s progress have been picked up through social media and press inquiries as SpaceX fans count down to the next launches.
Under Construction: Launch Pads
First up is the construction status of historic Launch Complex 39A, the pad that SpaceX has been renovating from its Apollo-era days. Upon completion, this pad will host the Falcon Heavy vehicle once development has completed along with all upcoming Falcon 9 Florida launches until other pads currently under construction become available. Some of the pad progress being made in preparation for launch has been tracked by fans and shared on social media.
https://www.instagram.com/p/BQHUvzjFLz8/
Next are the reconstruction plans for Launch Complex 40 to repair the damage caused from the September 1, 2016 launch pad fire. SpaceX President Gwynne Shotwell confirmed in a recent Reuters article that this pad will be repaired for Falcon 9 use rather than refitted for Falcon Heavy. Shotwell quoted a $100 million dollar price tag to make a complete switch, an amount not justified given the 50% less cost estimate to only repair the damaged pad.
Countdown to Launch: NASA
Other than rescheduling the mission ahead of the EchoStar 23 launch, SpaceX’s upcoming February 14, 2017 CRS-10 launch to the International Space Station (ISS) has not had any major updates (or rescheduling) published. The pre-launch static fire is tentatively scheduled for February 8th, and this will be the first SpaceX rocket to launch from pad 39A.
Also, at KSC, the Falcon 9 S1 for CRS-10 is hoping to Static Fire on Feb 8 (NET), pending completion of 39A work. https://t.co/sJzLf6XZyM
— NSF – NASASpaceflight.com (@NASASpaceflight) February 1, 2017
As an interesting note for fans, however, NASA included this launch in its NASA Social program wherein 50 social media communicators were selected to attend a two-day behind the scenes event. Per NASA’s web site, selected participants will have the opportunity to:
- View the launch of SpaceX’s Falcon 9 rocket
- Tour NASA facilities at Kennedy Space Center
- Speak with representatives from NASA
- View and take photographs of the Falcon 9 rocket at SpaceX’s Launch Complex 39A
- Meet fellow space enthusiasts who are active on social media
- Meet members of NASA’s social media team
NASA opens events up to social media participants regularly, and past events have included other launches, the arrival of the Juno spacecraft at Jupiter, and behind the scenes opportunities during major discussion panels and announcements.
A Twitter search for tweets containing the @NASASocial handle will reveal several of the winners who chose to announce their acceptance into the February 14th SpaceX launch event. The hashtags #NASASocial and #Dragon will also be used.
Countdown to Launch: EchoStar 23
The February 28, 2017 launch of EchoStar 23 will attempt to set a spaceflight record by launching with the first recovered and refurbished rocket core. As previously reported, the recovered core being used will aim to make history twice, one being the first core landed on an autonomous droneship off the coast of Florida, and the other being the first recovered rocket core to be re-flown.
SpaceX’s facility in McGregor, Texas has been busy testing the first stage core for re-use in the EchoStar 23 mission. Residents near the location who are active on unofficial SpaceX social media outlets aren’t shy to tell all about the tests as they hear them. Some residents even provide regular reports of the activity, including the number and length of the fires, and further speculate what else the company is up to.
SpaceX took to social media itself regarding these tests and published a photo of one on its Instagram account.
https://www.instagram.com/p/BP8zK2DFxhq/?taken-by=spacex
No News is Good News
As the dates move closer, the scheduling for the upcoming launches will likely adjust as many factors affecting them are still in the air. Weather is always a question, and the status of launch pad 39A is still unknown.
Despite the numerous, multi-front approach SpaceX is tackling to meet all of its launch and construction objectives, the company is still confident it will be able to meet its fast-paced launch schedule over the next year.
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.
Elon Musk
SpaceX considering confidential IPO filing this March: report
The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.
SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.
The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter.
As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.
SpaceX did not immediately respond to requests for comment.
A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.
Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.
Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.
At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.
The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
