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Dreams of Mars in the age of commercial spaceflight

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If you had asked me five years ago what my ultimate goal in life was, I would have undoubtedly stated with confidence that it was to take part in the human exploration of Mars. Uplifted, brimming with optimism, and nostalgic for futures yet to pass after reading Kim Stanley Robinson’s unprecedented Mars Trilogy for the second time, I was dead set upon this singular goal. Amidst the throes of life and labor, my longing to live on Mars and personally experience our Solar system in general has remained steadfast and has continued to be fueled by a broad range of science fiction and space opera, among other things.

Now, it has been no easy task to keep those goals intact, and I cannot begin to count the number of times I have communicated those goals to others and experienced something akin to what someone in 1960 maintaining serious goals of visiting space and the Moon might have experienced — usually disdain, sometimes mild interest, and mostly polite dismissal and change of subject. I cannot blame people for this response, for all significant leaps made by humankind have been figuratively laughed out of the room at one time or another, and often just before they succeeded. Spaceflight is one of the best examples, with science fiction initially probing the willingness of the public’s imagination, central scientific and scholarly figures dismissing the possibility outright, and ups and downs of initial experimentation demonstrating both its futility and potential. Ultimately, the Mercury, Gemini, Apollo, and Soviet space programs invalidated a great deal of criticism and doubt while simultaneously demonstrating space exploration’s ability to capture the attention of a great many people, albeit under the iron curtain of the Cold War. Even if these programs and their subsequent accomplishments occurred not out of the desire to explore and discover but rather as a means to demonstrate the superiority of a political and economic ideology, it was nevertheless an awe-inspiring period for human exploration, technological development, and scientific inquiry.

Jump approximately half a century forward after Apollo 17 and one will find that the state of astronautics and space exploration are truly difficult to believe, in a sense of both intense disappointment and esteem. The impact of the United States Congress’ complete and utter failure to properly take advantage of the technology developed over the course of the Apollo Program is ever so painfully evident to this day, having led to a series of connected missteps over the course of NASA’s existence. The premature cancellation of the Apollo Program and complete dismissal of the Saturn family of rockets resulted in a five-year period wherein the U.S. was incapable of launching its own astronauts. This event marked the beginning of an apparent trend that saw itself repeated following the shuttering of the Space Shuttle Program in 2011 — the development of which led to the premature retirement of the Saturn family of rockets — in order to free up NASA’s budget to inexplicably allow for the development of another series of rockets as part of President Bush Jr.’s Constellation Program, which later found itself cancelled (for good reason) and again largely revived with the present Space Launch System.

Upon further examination of the Apollo, Space Shuttle, Constellation, and SLS programs, some rather disturbing realities set in. Following the cancellation of Apollo, Congress, the President, the Air Force, and the Department of Defense in general all had significant interest in the pursuance of much more affordable and rapid access to space by way of reusability, something that they all viewed was best achieved by way of a space plane. Each party had their own explicit and varied concepts for what that space plane might look like, and the Air Force, Department of Defense, and NASA were all engaged in scaled studies of demonstrators. To simplify a complex series of events, Congress and President Nixon ultimately decided that there should only be one spaceplane developed, and that that singular vehicle would be required to satisfy the goals of all parties to the greatest extent possible in order to allow its development to tap into the Department of Defense’s budgetary surplus. Furthermore, in order to satisfy the Senators and Congresspeople central to the development of the Apollo Program hardware, NASA was required to make use of all presently existing facilities, hardware, and expertise in their efforts to design and develop what would eventually become the Space Shuttle. As a consequence of this, the Space Shuttle was in no way an optimal design, as it first and foremost was the innate result of political and bureaucratic compromise on a vast scale. In fact, at least one of the two complete failures of the Shuttle (making it the deadliest spacecraft to have ever flown) can in large part be linked directly to one of those compromises, namely the general requirement that the Shuttle be completely reusable, resulting in the use of an exceptionally fragile (it could be broken by falling foam from the Shuttle’s external fuel tank) and complex thermal protection system being flown.

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The Constellation Program, enacted by President Bush Jr. and pursued from 2005 to 2009, was even worse off. More or less the political pet project of a Presidential administration in their final term, Constellation was intended to take humans back to the Moon and eventually to Mars, and entailed the development of a super heavy launch vehicle and smaller launch vehicle for crews. Both of these were required to make use of Shuttle hardware and research, thus paving the road for the Space Launch System (SLS) that was to follow after Constellation was cancelled, largely due to massive budget overruns, gross safety concerns, and a NASA budget that was many times too small to support such ventures on a reasonable timescale. Arising from the grave of Constellation, the Obama administration’s Space Launch System and #JourneyToMars campaign began in earnest. Examined now, it is clear that all SLS learned from the failure of the Constellation Program was a strategy of legal obfuscation and legislated requirements of non-transparency, thus making the SLS Program extraordinarily difficult to characterize or cancel. Of course, the hints of commercial lobbyist fingers pulling strings can be easily observed, given that both Constellation and SLS heavily rely upon Boeing, Lockheed Martin, Orbital-ATK, and Aerojet-Rocketdyne; as well as the fact that the districts of the legislative members of space-related committees featured in Congress and the Senate tend to host large manufacturing and testing facilities developed by NASA and the commercial entities listed above. A mere coincidence this is not.

Nevertheless, the subject of commercial involvement in NASA and aerospace endeavors in general brings me to a more positive topic: the modern renaissance being experienced throughout the aerospace industry. While incredible things are being done with satellite miniaturization among other things, my main focus lies upon Space Exploration Technologies Corporation, more commonly known as SpaceX. Founded by the same individual who co-founded Tesla Motors, popularized a vacuum train concept known as the Hyperloop, and created Paypal, SpaceX has from the outset operated towards a single goal of colonizing Mars in order to better ensure the survival of humanity, while also inherently disrupting the aerospace industry (which was at the time ruled by Lockheed Martin and Boeing, later to become the United Launch Alliance monopoly). One could argue that they have thoroughly accomplished the latter goal, as SpaceX currently offers the most affordable launch prices (by a factor of two or more in the U.S.) and is also relentlessly pursuing a strategy of reusability in order to make their launch pricing magnitudes more affordable. Furthermore, SpaceX developed their second launch vehicle and orbital capsule, Falcon and Dragon, so fast and so efficiently that an optimistic NASA-produced estimate of development cost was more than 10 times higher than the reality. Nevertheless, there have been missteps along the way. SpaceX’s recent on-pad failure, captured in a dramatic and highly popularized video, has not been easy and simply demonstrates the inherent difficulties and risks that must be faced when attempting to push the margins with something as sensitive as spaceflight. This is thankfully accepted by the industries who rely upon access to space, and thus SpaceX’s many customers have responded pragmatically, and SpaceX has been treating this failure as another method of examining their vehicle in detail in order to better understand potential routes of failure and consequently ensure that they have the safest possible vehicle to conduct their initial upcoming manned launches.

Most importantly, this mishap has clearly failed to dampen SpaceX’s goal of creating a colony on Mars. In late September 2016, after more than a year and a half of anticipation in the aerospace community, Elon Musk took to the main stage of the International Aeronautical Conference and revealed the spacecraft and launch vehicle that SpaceX intends to use to construct a vast, self-sustaining colony on Mars. Deemed the Interplanetary Transport System, it hopes to exploit complete reusability and the benefits of mass production already demonstrated with the Falcon 9 in order to decrease the cost of trip to Mars by five million percent, thus optimistically opening the figurative gates to Mars by offering a ticket price equivalent to a modern luxury car or averagely priced house ($100,000 to $500,000). The shock value alone is enough to sow doubt in many. The combined spaceship and booster will stand 10 meters taller and 2 meters wider than Saturn V, the currently largest rocket to have ever flown successfully. Used in an expendable configuration, it would be capable of lofting more than four times the payload of Saturn V (550 metric tons), and up to 300 metric tons of payload to low Earth orbit while operating as a fully reusable system. The entire system will have a liftoff mass of 10,500 metric tons and produce 13,000 metric tons of thrust, both nearly four times as much as Saturn V. Framed in a fittingly staggering manner, the ITS booster at launch would momentarily produce as much power as the entire grid of the United States produces on average, 500 gigawatts.

A render of the complete ITS with booster and ship mated.

Seated in the audience of the Guadalajara Expo events room, I will admit that even I was quite skeptical. If successful, SpaceX would be leaping ahead of all competition and truly opening space to the masses, while also completely upsetting current accepted norms of what can be done in space. For perspective, the downright vast International Space Station, constructed over the course of more than a decade with more than 100 launches required at a cost of possibly $100 billion or more, masses in at about 430 metric tons. A single ITS ship could theoretically loft that mass and then some in a single launch, and at a cost of approximately $250 million. While of course that is an unfair comparison, it is still fair to judge the cost of the ISS almost entirely as a reflection of the launch costs, given that the 36 Shuttle launches it required cost NASA at least $50 billion, with the reasonable assumption that each STS launch was around $1.5 billion. Continuing on, SpaceX’s timescale noted that the ITS structure and propulsion systems are expected to be completed by the end of 2018, with complete ITS ship and booster test articles entering test phases in mid-2018 and early 2019 respectively. In this theoretical (and admittedly optimistic) schedule, cargo flights to Mars would begin in 2022, and the first ITS with passengers would depart for Mars in late 2024 (approximately 8 years from today) for a landing in early 2025. The next likeliest “competitor”, NASA, has no public schedule or plan whatsoever for their “#JourneyToMars” and have at best hinted at manned missions beginning in the late 2030s or early 2040s, although such an accomplishment would require massive budget increases for the agency. SpaceX’s claims are truly extraordinary in their audaciousness. Their ultimate goal in creating this rocket and vehicle are to eventually allow for the creation of a self-sustaining colony of hundreds of thousands of people on Mars, an outpost that would optimistically act as a fail-safe for humanity in the event of a global catastrophe on Earth. They hope to make this possible by lowering the ticket price per individual to something under $200,000, or much lower than the average price of a single family home in the United States.

Yet still, two major features of the presentation allayed the majority of my skepticism: not only has the company completed an ITS engine test article and begun to test fire it, they have also completed a full scale carbon composite propellant tank for the spaceship and successfully put it through an initial series of tests. Examined as a technological system, these two aspects are arguably the biggest hurdles for the ITS to solve, as neither technology has ever flown successfully. These successful hardware demonstrations act as a massive source of optimism for SpaceX’s bold goals and timeline, as the breadth of their present-day accomplishments nearly match the sheer boldness of their ambitions. Furthermore, Elon Musk’s incredible desire to make this happen encourages even more optimism when regarding the financing of the development of the ITS, as he has a track record of putting every last penny of his liquid assets into his projects, up to the last day he expects to be able to fund them (evidenced by Tesla and SpaceX). He is now worth upwards of $10 billion and could undoubtedly fund the development of the ITS himself, in the unlikelihood of interested third-party investors.

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This is a test-article carbon composite tank SpaceX manufactured to thoroughly vet the technology. Initial tests in Northern Washington have been successful.

The first firing of a scaled test article of SpaceX’s Raptor engine, designed to power both the ITS booster and spaceship.

I was lucky enough to experience this extraordinary keynote in person, and even luckier to have had my group recognized by SpaceX and the congress organizers and been given reserved seating near the front row, alongside heads of state, agencies, and commercial aerospace behemoths, not to mention astronautical celebrities like Buzz Aldrin. I was also able to attend dozens of other technical talks, many focused on current robotic exploration of Mars, as well as research into closed habitats intended to allow humans to live comfortably away from Earth while also producing a large percentage of the food they would need. The researcher presenting on habitats also revealed that SpaceX had already approached his group and another.

All told, the 2016 International Astronautical Congress offered a cautiously optimistic view of the future of spaceflight. Elon Musk ended his keynote on the ITS by emphasizing that SpaceX wanted to encourage other companies to begin developing the systems necessary for humans to comfortably journey to and thrive on Mars. SpaceX has no interest in creating a monopoly, the company’s singular desire is to more effectively ensure the survival of humanity, and as Musk said himself, to encourage people to do things that make them excited to get out of bed in the morning. More than ever before, I am nearly certain that I will find my way to Mars well within my lifetime, and I have never been more thrilled to be alive.

Addendum – A New Year

Written a handful of months after the Interplanetary Transport System (ITS) was revealed last year, and a similar number of months after the trying loss of Amos-6, the new year has been undoubtedly kind to SpaceX. The company has returned to flight with a vengeance, and is now nearing a steady two week launch cadence. With SES-10, SpaceX successfully reused a recovered Falcon 9 first stage, and then recovered that stage yet again. With the launch of CRS-11 yesterday and its successful docking just minutes ago, SpaceX appears to have successfully reused a Cargo Dragon capsule. Amidst the 7 launches undertaken thus far, SpaceX’s first mission to Mars has been delayed to 2020 as expected, the ITS composite tank as pictured above was tested to destruction in northern Washington-state, and Elon keeps tweeting about a second update to the ITS planned for later this year. Particularly exciting, the center core and one of the booster cores for the inaugural Falcon Heavy launch have already been put through full static fires at SpaceX’s McGregor, Texas facilities, with tentative guesses for a launch date ranging from October through December of this year. SpaceX also made a surprise announcement that two wealthy customers had approached the company in a bid to undertake a voyage around the Moon, as early as late next year. Business as usual, in other words!

In the meantime, SpaceX has a myriad of launches scheduled for the final six months of 2017. For those of you who enjoy watching SpaceX’s exceptional live coverage of their launches, you will have no shortage of excitement. With a rapidly improving cadence and first stage recovery already beginning to feel routine, things are looking very bright for SpaceX and it will be truly exciting to see how plans for the ITS have evolved since they were first released. Keep your eyes peeled for Teslarati’s coverage!


Sources

“Constellation Program Lessons Learned.” 2016. Accessed August 29. http://ntrs.nasa.gov/archive/nasa/casi.ntrs.nasa.gov/20110015803.pdf.

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Heimann, C. F. Larry. 1997. Acceptable Risks: Politics, Policy, and Risky Technologies. University of Michigan Press. http://www.jstor.org/stable/10.3998/mpub.14948.

Logsdon, John M. 1986. “The Space Shuttle Program: A Policy Failure?” Science 232 (4754): 1099–1105.

Madsen, Peter M., and Vinit Desai. 2010. “Failing to Learn? The Effects of Failure and Success On Organizational Learning In The Global Orbital Launch Vehicle Industry.” The Academy Of Management Journal 53 (3): 451–76.

McDougall, Walter A. 1997. The Heavens and the Earth: A Political History of the Space Age. Baltimore, Md: Johns Hopkins University Press.

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Musk, Elon. 2016. “The Interplanetary Transport System and Mars — SpaceX.” Guadalajara Expo Center, September 27.

Simberg, Rand. 2016. “Ending Apolloism.” Accessed September 5. http://transterrestrial.com/papers/EndingApolloism.pdf.

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12

Starship V3 reached space, survived reentry, and proved it can fly with engines out.

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SpaceX Starship V3 flight 12 (Credit: SpaceX)

After two scrubbed attempts, SpaceX launched Starship V3 on Friday, May 22 from the brand new Pad 2 at Starbase, Texas, completing the most technically complex test flight the program has attempted and moving the bar in ways that matter for everything from commercial satellites to the first human Moon landing since 1972.

The Super Heavy booster lost an engine early during ascent and several more failed during its boostback burn, sending the stage into an off-nominal descent that ended in a hard landing in the Gulf of Mexico. SpaceX had planned a soft splashdown rather than a tower catch on this first V3 flight, so losing the booster was expected to be acceptable within the test parameters.

Ship 39 told a different story. The Starship upper stage reached its planned sub-orbital trajectory despite losing one of its vacuum Raptor engines, with the remaining engines compensating for the loss and keeping the vehicle on course. The spacecraft then survived atmospheric reentry, completed its belly-flip maneuver, and made a controlled upright splashdown in the Indian Ocean west of Australia.


The payload test is where Flight 12 separated itself from every previous Starship mission. SpaceX deployed 22 objects including 20 Starlink simulator satellites sized like next-generation V3 Starlink units, plus two specially modified satellites equipped with cameras that scanned Starship’s heat shield from orbit and transmitted imagery back to operators.

The broader significance of what was tested on Friday goes well beyond one mission. Every future Starship deployment, whether it is a batch of operational Starlink V3 satellites, cargo bound for the Moon, or eventually crew headed to Mars, depends on SpaceX being able to inspect and certify the heat shield quickly between flights. The camera-equipped satellites deployed on Flight 12 are the first step toward making that inspection process automated and data-driven rather than manual and time-consuming. If SpaceX can scan the heat shield from orbit after every reentry and flag damaged or missing tiles before the vehicle even lands, it fundamentally changes the turnaround time between flights. For a program that needs to refuel Starship in orbit using ten or more tanker launches before a single Moon mission can depart, launch cadence is everything. Friday’s payload test can be seen as building the maintenance infrastructure for rapid reusability.

Elon Musk took to X, following the successful tests, and noting: “Congratulations @SpaceX team on an epic first Starship V3 launch and landing!” “You scored a goal for humanity.”

The stakes behind that goal are concrete. NASA has selected Starship as the Human Landing System for Artemis IV, targeting a crewed Moon landing in 2028, and SpaceX has yet to demonstrate a full orbital flight, in-orbit refueling, or docking with an Orion capsule. Flight 12 proved V3 can fly, survive reentry, and deploy payloads under engine-out conditions. That is the foundation everything else has to be built on, and with a SpaceX IPO targeting June 2026, the timing of that proof of concept could not have been more useful.

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SpaceX reveals reason for Starship v3 stand down, announces next launch date

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Credit: SpaceX

SpaceX has decided to stand down from what was supposed to be the first test launch of Starship’s v3 rocket tonight after a minor issue with a hydraulic pin delayed the flight once more.

The company scrubbed its first test flight of the upgraded Starship v3 on May 21 in the final minutes of the countdown. SpaceX CEO Elon Musk quickly took to social media platform X, explaining that a hydraulic pin on the launch tower’s “chopsticks” arm failed to retract properly.

Musk added that the company would fix the issue this evening. SpaceX will attempt another launch tomorrow night at 5:30 p.m. CT, 6:30 p.m. ET, and 3:30 p.m. PT.

The countdown for Starship Flight 12 — featuring the taller and more capable V3 stack with Booster 19 and Ship 39 — had been progressing smoothly until the late-stage issue surfaced. The Mechazilla tower arm, designed to secure the vehicle on the pad and eventually catch returning boosters, could not complete its retraction sequence.

SpaceX teams immediately began troubleshooting the hydraulic system for an overnight repair.

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Starship V3 introduces several significant upgrades over earlier versions. These include greater propellant capacity, more powerful Raptor 3 engines, larger grid fins, enhanced heat shielding, and an improved fuel transfer system.

We covered the changes that were announced just days ago by SpaceX:

SpaceX unveils sweeping Starship V3 upgrades ahead of May 19 launch

The changes are intended to increase payload performance, support higher flight rates, and advance the vehicle toward operational missions, including Starlink deployments, NASA Artemis lunar landings, and future crewed Mars flights. The debut flight from Starbase’s new Launch Pad 2 marked an important milestone in scaling up the fully reusable Starship system.

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This stand-down highlights the intricate challenges of preparing the world’s most powerful rocket for flight. Despite extensive pre-launch checks, a single component in the ground support equipment can force a scrub.

The incident aligns with Starship’s proven iterative development approach. Previous test flights have encountered both successes and setbacks, each providing critical data that refines hardware and procedures. Some outlets may call some of these flights “failures,” when in reality, they are all opportunities for SpaceX to learn for the next attempt.

With V3, SpaceX aims to reduce ground-system dependencies and increase launch cadence to meet ambitious long-term goals.

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SpaceX just filed for the IPO everyone was waiting for

SpaceX filed its public S-1, revealing $18.7 billion in revenue and billions in losses.

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SpaceX publicly filed its S-1 registration statement with the Securities and Exchange Commission on May 20, 2026, making its financial details available to the public for the first time ahead of what could be the largest IPO in history.

An S-1 is the formal document a company must submit to the SEC before going public. It includes audited financials, risk factors, business descriptions, and how the company plans to use the money it raises. Companies are required to file one before selling shares to the public, and it must be published at least 15 days before the investor roadshow begins. SpaceX had already submitted a confidential draft to the SEC in April, which allowed regulators to review the filing privately before it went public.

The S-1 reveals that SpaceX generated $18.7 billion in consolidated revenue in 2025, driven largely by its Starlink satellite internet division, which posted $11.4 billion in revenue, growing nearly 50% year over year. Despite that growth, the company lost about $4.9 billion in 2025 and has burned through more than $37 billion since its founding.

SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history

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A significant portion of those losses trace back to xAI, Elon Musk’s artificial intelligence company, which was recently merged into SpaceX. SpaceX directed roughly 60% of its capital spending in 2025 to its AI division, totaling around $20 billion, yet that division lost billions and grew revenue by only about 22%.

SpaceX plans to list its Class A common stock on Nasdaq under the ticker SPCX, with Goldman Sachs, Morgan Stanley, and Bank of America leading the offering. The dual-class share structure means going public will not meaningfully reduce Musk’s control, as Class B shares he holds carry 10 votes per share compared to one vote for public Class A shares.

The company is targeting a raise of around $75 billion at a valuation of roughly $1.75 trillion, which would make it the largest IPO ever. The investor roadshow is reportedly planned for June 5.

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