Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: Elon Musk – Page 182

SpaceX is a leader in aerospace innovation. The company was founded by Elon Musk in 2002 with the ultimate mission to make life multiplanetary. For over a decade, SpaceX teams have worked to develop technologically advanced rockets and spacecraft. Developing rockets comes with many challenges. SpaceX had a couple of failed missions in the early days. The company went from almost not making it to orbit to returning human spaceflight capabilities to the United States in 2020.

The company’s first rocket, Falcon 1, failed to attain Earth orbit three times: in March 2007 and August 2008, but in September 2008 SpaceX became the first American private company to send a liquid-fueled rocket into orbit. Despite the challenges, SpaceX pushed through until the fourth rocket launch reached orbit. A fourth failure “would have been absolutely game over,” Musk said at the International Astronautical Congress conference in 2017. “Fortunately, the fourth launch, which was … the last money that we had for Falcon 1 –that fourth launch worked. Or it would have been… that would have been it for SpaceX,” he said. The company was able to land a government contract from NASA when it reached orbit.

SpaceX then worked to develop an improved version of the rocket. In 2010, the company launched the Falcon 9, powered by nine Merlin 1D engines. Falcon 9 was designed so that its first-stage could be reused. Other companies use expendable rockets. SpaceX engineers accomplished developing the world’s first orbital-class rocket capable of returning from space to perform a controlled landing powered by its engines. Falcon 9 is capable of launching payload to orbit and landing soon after liftoff. In 2015 a Falcon 9 first-stage booster returned to Earth near its launch site for the first time, after several explosive landings (video below).

Read more | >

Morgan Stanley, the New York-based investment bank, has nearly doubled its valuation of Elon Musk’s rocket company SpaceX, from $52 billion in July to over $100 billion, it said in a research note issued Thursday. The bank’s so-called “bull case”–its absolute best-case scenario–puts SpaceX at a value above $200 billion.

The investment bank says that SpaceX’s Starlink internet-from-satellites service has driven a near $50 billion increase in the rocket company’s value since July. Forbes is sticking with investors’ more conservative valuation.

Read more | >

In the 2013 science fiction film “Elysium” starring Matt Damon, Earth’s wealthiest 0.01% move to the ultimate gated community, a luxurious orbiting space colony, leaving a poverty-stricken humanity to fend for themselves on a ravaged planet.

Interestingly, it is indeed some of today’s 0.1% who are leading the way into space to build communities beyond Earth. However, quite the opposite of the movie, their goals are of the highest order, from democratizing access to space by lowering costs, to creating new products and ideas, to helping save the planet and opening space to future generations.

Yet, given the effects of the coronavirus pandemic, social justice and green movements, even as entrepreneurs like Elon Musk, Jeff Bezos and Richard Branson spend billions to support a human breakout into space, there is a backlash building that holds these projects as icons of extravagance — even as their work may help save the Earth. This is the “Elysium effect.”

Read more | >

TIME featured SpaceX President and Chief Operating Officer Gwynne Shotwell as one of the ‘100 Most Influential People of 2020’. SpaceX was founded by Elon Musk in 2002 to make life multiplanetary. Shotwell is responsible for day-to-day operations at the aerospace company that aims to colonize Mars before the year 2050. She has a vital role in company growth. Under her leadership, SpaceX has accomplished launching the first NASA astronauts to the International Space Station aboard the Crew Dragon spacecraft this year.

Read more | >

(Reuters) — India’s richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year.

In a tweet here on Thursday, state tourism and environment minister Aaditya Thackeray said he and industries minister Subhash Desai held a video call with Tesla executives earlier in the day to invite them to the state.

Earlier this month, Musk said “Next year for sure” on Twitter in reply to a post with a photograph of a T-shirt with the message: “India wants Tesla”.

Read more | >

I think some people would be excited. 😃

Tesla’s Full Self-Driving suite is poised for a wide-release by the end of 2020 to all drivers who purchased the capability, Elon Musk said, during its Q3 Earnings Call.

“We’re starting very slow and very cautiously because the world is a very complex and messy place,” Musk said when talking about the Beta rollout of the FSD suite to a minimal group of people, which began late Tuesday night. “We put it out there last night, and then we’ll see how it goes, and then probably release it to more people this weekend or early next week. Then gradually step it up until we hopefully have a wide-release by the end of this year.”

On October 8th, Musk stated that the latest build of the FSD software would be capable of “zero-intervention drives. Will release limited beta in a few weeks.”

Read more | >