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Elon Musk dubbed as ‘Industry Newsmaker of the Year’ in All-Stars Awards
Elon Musk is being honored as the Industry Newsmaker of the Year by industry publication Automotive News, which recognized the Tesla CEO as one of the few people who found a way to gain momentum in a year that was challenging for the automotive industry.
Tesla and SpaceX both have used 2020 as a year of “no excuses,” marking incredible surges in valuation and momentum as other companies failed to grow in their respective sectors. Musk’s 2020 has gone far beyond cars and rocketships, and the Tesla CEO has released an EDM track, a bottle of highly-popular Tequila, fathered a newborn, launched a worldwide satellite internet service, and propelled his Neuralink project into relevancy with new developments that were detailed in a company event earlier this year. It has been anything but an off-year for Musk, who has used the pandemic as motivation to get the world into the future and develop new technology that will increase the efficiency of our lives in every facet.
Perhaps Musk’s biggest win in 2020 was Tesla’s constant and consistent growth on Wall Street, which has made company investors extremely wealthy. After the company’s first trading day in 2020, TSLA’s price per share was just over $86 apiece. Now, the stock has surged to over $600 a share at its highest point, and its momentum all has to do with the influence that the once-failing company that struggled to keep its doors open 12 short years ago has on the rest of the automotive sector.
Elon Musk’s astonishing life accomplishments to be recognized by award in Berlin
Tesla has managed to show that electric cars will eventually be the only way to travel, and legacy car companies are beginning to realize that their production lines need to transition to sustainable forms of transportation. Musk is certainly aware of his company’s influence and has noted during some interviews that Tesla’s success in the automotive sector speaks for itself.
“I must be doing something right, as far as my managing style’s concerned. Tesla’s worth twice as much as the rest of the U.S. auto industry combined,” he said to Automotive News.
Tesla’s valuation has been fueled by its constant improvements in automotive technology, including batteries, and its ever-growing appearance in foreign markets. To keep up with demand outside of the United States, Tesla is building the second phase of its already-operational Giga Shanghai facility and is moving closer to the first production push at the Giga Berlin plant in Germany. While those two facilities will supply vehicles to some of the most populous automotive markets globally, Tesla is also building a new facility in Texas to help with increasing demand in its home country of the United States.
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Other than that, Tesla has introduced its first versions of the “zero-intervention” Full Self Driving suite in a Beta release to a small group of owners. The release has solidified Tesla’s identity as the leader in semi-autonomous driving functions. The company plans to release more confident and detailed versions of the software as it improves, thanks to the work of the Autopilot and Artificial Intelligence teams.
Musk’s constant and tireless work to accelerate the world’s transition to sustainable energy has made Tesla the most valuable car company on Earth. With more developments on the way, which include a $25,000 vehicle in the next few years, a more affordable battery through in-house manufacturing, and increasingly accurate FSD releases, Tesla holds the keys to become the most valuable company on Earth as every portion of the company aims to change life as we know it, for the better.
Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.
SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.
The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.
SpaceX Starship just nailed something it’s never done before
Nevertheless, more details are coming out about Starship, and Musk is doing the talking.
Starship Will Be Retrieved in the Ocean
Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.
We’re sending a ship out to recover Starship https://t.co/fUqUZTITO9
— Elon Musk (@elonmusk) July 28, 2026
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This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.
Ship Could Have Been Caught by Tower Arms, Musk claims
Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.
The ship landing was precise, meaning that it would have been caught by the tower arms https://t.co/6nbNrRfX9P
— Elon Musk (@elonmusk) July 29, 2026
A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.
It is a necessity to make life multiplanetary.
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Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Elon Musk updates the SpaceX timeline for Mars
