SpaceX
How does SpaceX measure up to other Mars-destined challengers? [Countdown to Mars, Part 1]
SpaceX isn’t the only organization with eyes set on the skies of Mars. There are other dreamers with their own plans and technology. How does SpaceX measure up?
If it wasn’t entirely clear before, it is now with all the recent announcements from SpaceX: Elon Musk said “Mars”, and he really meant Mars. While Falcon 9 hits milestone after milestone, SpaceX inches closer and closer to “boots on the ground” in red, Martian regolith.
SpaceX isn’t the only organization with eyes set on Martian skies, however. There are other dreamers with their own plans and technology, NASA being a “given” of course. After all, if we’re going to Mars, it’s natural to expect the agency that sent humans to the moon to have something to say about sending humans to another planetary body.
Who all is planning on going to Mars?
To be clear, the Mars planners I’m referring to here are developing full missions for human transport, not just robotics. Further, I’m narrowing the criteria to only include those actively developing the technology rather than working on related scientific studies, developing artistic concepts, engineering helpful devices, and so forth.
In that light, it seems the field thus far consists of two other major players besides SpaceX.
NASA
Aptly named, NASA’s “Journey to Mars” program consists of developing all the capabilities needed to achieve what its designation implies. Their vision comprises the development of their next generation rocket, the Space Launch System, coupled with a crew capsule called Orion.
The Space Launch System has three primary components: One main core and two solid rocket boosters, most components being either derived or upgraded from space shuttle technology. The plan is to “evolve” the configurations through three “blocks”, the third of which will be capable of handling all of the payload needs for a mission to Mars.
The Orion capsule, nicknamed “Apollo on steroids”, is very similar to the capsules used in the Apollo programs, but with significant upgrades such as the heat shield that must handle higher reentry speeds. Further, it will house up to four astronauts (one more than Apollo) while supported by a service module, i.e., a connected structure that will provide resources such as power and oxygen. Overall, it’s about three feet wider than the Apollo capsules, an expansion which translates into a much roomier space square-footage wise.
Somewhere in NASA’s mix is an Asteroid Redirect Mission that involves capturing an asteroid, bringing it into orbit around the moon, and sending crews there to land and study it. Don’t see how that’s really related to Mars? Neither do I, but it’s included on all the “Journey to Mars” posters so it must be. I think I’ve heard people try and explain why the moon wouldn’t suffice for any Mars-related training as well, but I’m personally not convinced enough to really cite the argument. I’m not alone in that confusion, either.
Personally, I’d prefer the pure scientific study of an asteroid to be the justification for the mission, or maybe even “practice” for a future Armageddon event, but when everyone is drumming for Mars, I guess you do what you can. I’ve read that NASA attempted to market it as both of those, but the attempts weren’t successful.
Oh, wait. They changed “asteroid” to “large boulder on an asteroid”. I wonder why? Some of their pages are still citing the original mission… Perhaps it was always either/or?
Speaking of that poster, there’s a space habitat and Mars transfer craft listed, but no other details are provided. NASA’s political and budgetary constraints seem to be limiting any details about how they plan on getting to Mars (landing in particular) once SLS and Orion are flying. These types of restrictions are the reason NASA even has other contenders for the mission, although those same challengers are the ones pushing the journey into the public drumming in the first place.
Mars One
Mars One is a non-profit foundation which hopes to send astronauts they select and train through an in-house application process to Mars via technology they will pay to have built and launched using current service providers.
Founded by Dutch scientist-entrepreneurs Bas Lansdorp and Arno Wielders in 2011, Mars One is an unusual player in the Mars transport game. It is not an aerospace company, as all systems are designed and built by outsourced companies, and their planned sources of funding are private investment and the creation of a reality show documenting the astronauts’ mission from training through their first steps on Mars (although they’ve had some recent troubles with that). Mars One would also like you to purchase plenty of merchandise in the meantime to support their efforts and have even set up a “point” system to encourage this.
For their astronauts, the company solicited applications from would-be space travelers around the world via the Internet, received about two hundred thousand responses, and is now in the process of narrowing down their candidate field to a maximum of twenty-four hopefuls (six groups of four, specifically) that will train together for the next ten years before groups are shuttled off to Mars every two years.
Mars One also plans on having their entire human habitat set up by rovers prior to the first astronaut arrivals, meaning there will be several cargo missions to the surface in the lead-up years. Their first unmanned mission is planned for 2020 wherein some tech will be put to the test along with placing a communications satellite in orbit. Then, a rover and second communications satellite is planned for 2022, followed by cargo missions in 2024 to have the habitat fully operational by 2025 in advance of the first crew arrival in 2027.
Oh, by the way, their trip to Mars will be one-way. According to them, it’s a strategic choice, not a matter of insurance liability for guaranteeing return.
While all space-going organizations face criticism in one way or another, the criticism lodged at Mars One is fairly significant, some even labeling the mission as a scam. To be fair, the nature of their mission combined with the lack of government backing or a billionaire founder puts them in the position that demands fundraising to be a primary activity. Add to that an estimated mission cost of six billion dollars and skepticism quickly rises. Everything involved becomes subject to close analysis.
Their plans aren’t impossible, of course, just full of challenges without perceivable solutions. I don’t personally believe the mission is a scam, and I don’t doubt its long-term viability should the astronauts actually make it to Mars; I think they won’t be the only crews visiting the planet come the days when their intentions match their funding needs, therefore a “back up” plan is essentially built-in. However, I also see a ten-year mission plan that is placing a lot of faith in contract work that is supposed to produce what SpaceX is still working on fourteen years after-the-fact and with a much better financial portfolio.
Honorable Mention: “Mars Direct” by The Mars Society
Founded in 1998 by Dr. Robert Zubrin (and “others”), The Mars Society has made humans on Mars their business for a very long time. Since they are not an organization primarily developing & building technology to go to Mars, I have to classify them as “honorable mention”; however, their contributions to the effort should definitely be noted. Elon Musk certainly has.

Dr. Zubrin of The Mars Society introduces Elon Musk. (Credit: Chris Radcliff under CC by SA-2.0.)
“Mars Direct” is The Mars Society’s detailed plan for putting humans on Mars and, like Mars One, it focuses on building components using existing technology to achieve orbit and landing rather than depending on future developments. It advocates a “live off the land” approach that minimizes cargo needs.
The Mars Direct mission would comprise two phases. First, using a heavy lift launch vehicle, a fuel generation structure would be sent to the Martian surface to generate a Methane/Oxygen bipropellant for a return trip and to power equipment. Second, another fuel generation structure plus a crew and habitat would be sent and landed near the first structure. While in orbit, the effects of zero gravity would be mitigated by rotation of the crew vehicle via a tether connected to the spent upper stage of the transport rocket to act as an anchor. The crew missions would necessarily require a two-year length due to the orbital proximities of Earth and Mars combined with the six-month travel time each way.
Unlike Mars One, this plan has been developed with incredible detail and was published in 1991 by Dr. Zubrin, David A. Baker, and Owen Gwynne. The Mars Society also has annual conferences (this year’s will be the 19th one) which both flesh out the plan’s details and feature speakers across the aerospace spectrum discussing the various aspects. Dr. Zubrin’s book, The Case for Mars, fleshes out the plan in a more readable format, and there’s also plenty of good stuff on the Mars One website.
SpaceX’s Plan for Mars
The founding goal of SpaceX was, and still is, making humans a multiplanet species. Therefore, no incredibly detailed introduction or lengthy explanation is really needed for them when discussing companies interested in going to Mars (see: publicity). However, for the sake of being thorough (and for the sake of sake’s sake), let’s review the Musk brand for Mars.
Known for its Falcon rocket series (along with its famous founder), SpaceX isn’t hitching a ride to Mars as is Mars One, thereby avoiding the potential pitfall of being “all dressed up with nowhere to go”. They’re building their own ride: The Falcon Heavy.
Scheduled for a test launch this November, the Falcon Heavy will be the most powerful rocket in operation since the Saturn V was used for the Apollo moon program. With three cores powered by nine Merlin engines each, Falcon Heavy will be able to haul around 120,000 pounds to low earth orbit (LEO), 50,000 pounds to geostationary transfer orbit (GTO), and 30,000 pounds of payload to Mars. Just for fun, SpaceX’s website also cites a 6,400 pound payload capacity for trips to Pluto.
SpaceX is also developing their own crew capsule, the Dragon (“Red Dragon” when on its way to Mars), which will include a propulsive landing system (i.e., it can hover) via its eight SuperDraco engines. The landing system also doubles as an emergency escape system in the event that there’s a problem during launch, and while space traveling, Dragon will be supported by a “trunk” (essentially with the same function as Orion’s service module) to support missions as needed.
Now, pardon my excitement, but these things are really cool. The SuperDraco engines are doubled up and self-contained, meaning that the lander can lose up to half its engines and still land safely, and if anything goes wrong with one engine, it’s isolated to not impact the others. The engines are also 3D-printed out of Inconel, a high performance nickel-based super alloy.
Bonus level! SpaceX’s long-terms plans don’t just include short(ish) jaunts to Mars and back, although, unlike Mars One, there will be an option to return to Earth via regular cargo missions. There also may be an option with their up and coming Mars Colonial Transport vehicle.
The Mars Colonial Transporter is, at the moment, a mysterious development SpaceX is working on to achieve its goal of large-scale Martian colonization. There’s plenty of speculation about the details, but officially, even the size is being kept secret for now. Elon will only reveal it to be “So big.” A few details were shared (or speculations confirmed) during a Reddit “Ask Me Anything “ (AMA) session this past January such as:
- The second stage could be reusable
- The architecture will be completely different from the Falcon/Dragon system
- The goal payload capacity is 100 metric tons
- There is a family of methane-based engines called “Raptor” being developed by SpaceX for travel to and exploration of Mars.*
*Note: This detail wasn’t particularly new to the AMA, but there aren’t many original sources where Elon or a SpaceX executive has spoken directly about it, thus I’ve included it.
Overall, it certainly seems like SpaceX is charging ahead compared to the others that are aimed for Mars, but it’s not because of their publicity wins. Their steady march via the piece by piece development of the required technology combined with the customer-driven financial viability of the company as a rocket launch provider are key to the believably that they will actually make Mars “happen”.
Coming Up on Countdown to Mars…
SpaceX’s colonial “grand plan” reveal is what I’m counting down to with this “Countdown to Mars” article series. Scheduled for September 26th – 30th of this year, Elon Musk has stated that he will be announcing detailed plans for their Mars Colonial Transporter at the International Astronautical Conference in Guadalajara, Mexico. It’s supposed to be so awesome, even Elon can hardly contain himself. To say that I’m incredibly excited as well would be a huge understatement. So I won’t. I’ll just keep writing about things related to it!
Coming up on “Countdown to Mars”…
How do these companies plan on solving some of the biggest challenges for achieving a successful mission to Mars? Then, if we are talking about permanent settlements on Mars, what will the human power structure look like? Or in other words, what kind of government will the first human Martians have?
Stay tuned!
Investor's Corner
Tesla and SpaceX to merge in 2027, Wall Street analyst predicts
The move, Ives argues, is no longer a distant possibility but a logical next step, fueled by deepening operational ties, shared AI ambitions, and Elon Musk’s vision for dominating the next era of technology.
Tesla and SpaceX are two of Elon Musk’s most popular and notable companies, but a new note from one Wall Street analyst claims the two companies will become one sometime next year, as 2027 could see the dawn of a new horizon.
In a bold new research note, Wedbush analyst Dan Ives has reaffirmed his long-standing prediction: Tesla and SpaceX will merge in 2027.
The move, Ives argues, is no longer a distant possibility but a logical next step, fueled by deepening operational ties, shared AI ambitions, and Elon Musk’s vision for dominating the next era of technology.
He writes:
“Still Expect Tesla and SpaceX to Merge in 2027. We continue to believe that SpaceX and Tesla will eventually merge into one company in 2027 with the groundwork already in place for both operations to become one organization. Tesla already owns a stake in SpaceX after the company’s $2 billion investment in xAI got converted to SpaceX shares following SpaceX’s acquisition of xAI earlier this year initially tying both of Musk’s ventures closer together but still represents <1% of SpaceX’s expected valuation. The recent announcement of a joint Terafab facility between SpaceX and Tesla further ties both operations together making it more feasible to merge operations given the now existing overlap being built out across the two with this the first step.”
The groundwork is already being laid. Earlier this year, SpaceX acquired xAI, converting Tesla’s $2 billion investment in the AI startup into a small equity stake, less than 1 percent, in SpaceX.
Regulatory filings cleared the transaction in March 2026, formally linking the two Musk-led companies financially for the first time. Then came the announcement of a joint TERAFAB facility in Austin, Texas: two advanced chip factories, one dedicated to Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
Ives calls Terafab the “first step” toward full operational integration.
SpaceX’s impending IPO, expected as soon as mid-June 2026, will turbocharge these plans. The company aims to raise approximately $75 billion at a roughly $1.75 trillion valuation, far exceeding earlier estimates.
Proceeds will fund Starship rocket flights, a NASA-contracted lunar base, expanded Starlink services across maritime, aviation, and direct-to-mobile applications, and crucially, orbital AI infrastructure
A major driver is the exploding demand for AI compute. U.S. data centers are projected to consume 470 TWh of electricity by 2030, constrained by power grids and land.
🚨 Wedbush’s Dan Ives says that Tesla and SpaceX will merge in 2027. SpaceX will IPO soon, his new note says:
“According to media reports, SpaceX could file a prospectus for an IPO imminently with the goal of raising ~$75 billion above the prior expectation of ~$50 billion…
— TESLARATI (@Teslarati) March 27, 2026
SpaceX’s strategy, launching millions of solar-powered satellites to host data centers in orbit, bypasses Earth’s energy bottlenecks. Solar energy captured in space avoids atmospheric losses and day-night cycles, offering a scalable solution for AI training and inference.
The xAI acquisition ties directly into this vision, positioning the combined entity as a leader in extraterrestrial computing.
The merger would create a formidable conglomerate spanning electric vehicles, robotics, satellite communications, human spaceflight, and defense.
Ives highlights SpaceX’s role in the Trump administration’s “Golden Dome” missile defense shield, which would leverage Starlink satellites for tracking.
For Tesla, access to SpaceX’s launch cadence and orbital assets could accelerate autonomous driving, Robotaxi fleets, and Optimus deployment.
Musk, who has signaled his desire to own roughly 25 percent of Tesla to steer its AI future, views the combination as essential to overcoming fragmented regulatory scrutiny from the FTC and DOJ.
Challenges remain. Antitrust hurdles could delay or reshape the deal, and shareholder approvals on both sides would be required. Yet Ives remains bullish, maintaining an Outperform rating on Tesla with a $600 price target, implying substantial upside from current levels. The analyst sees the merger as the “holy grail” for consolidating Musk’s disruptive tech empire.
If realized, a 2027 Tesla-SpaceX union would not only reshape corporate boundaries but redefine humanity’s trajectory in AI and space exploration. It would mark the moment two pioneering companies become one unstoppable force, pushing the limits of what’s possible on Earth and beyond.
Elon Musk
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
Time Magazine honors Gwynne Shotwell as SpaceX reaches a $1.25 trillion valuation and eyes its IPO.
TIME Magazine has put SpaceX President and COO Gwynne Shotwell on its cover, and the timing could not be more fitting. Published today, the profile of Shotwell arrives at a moment when the company she has quietly run for more than two decades stands at the center of the most consequential developments in aerospace, artificial intelligence, and the future of human civilization.
Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX’s February 2026 merger with Elon Musk’s artificial intelligence company, a deal that made SpaceX the world’s most valuable private company at a reported valuation of $1.25 trillion. A highly anticipated IPO is expected in the second quarter of 2026.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Her track record is historic. She oversaw the first landing of an orbital rocket’s first stage, the first reuse and re-landing of an orbital booster, and the first private crewed launch to Earth orbit in May 2020. She built the Falcon launch manifest from nothing to more than 170 contracted missions representing over $20 billion in business. Under her operational leadership, SpaceX completed 96 successful missions in 2023 alone and has now flown more than 20 crewed Falcon 9 missions. Starlink, which she championed as a financial pillar of the company long before it was a mainstream topic, now connects tens of millions of users worldwide and provided a critical communications lifeline to Ukraine following the 2022 invasion.
Elon Musk has never been shy about what Shotwell means to him and to SpaceX. When she shared her vision for worldwide internet connectivity through Starlink, Musk responded on X with a simple statement, “Gwynne is awesome.” It is a sentiment that has been echoed across the industry. NASA Administrator Bill Nelson once said of Musk: “One of the most important decisions he made, as a matter of fact, is he picked a president named Gwynne Shotwell. She runs SpaceX. She is excellent.”
Gwynne is awesome https://t.co/tiXtMWJmPE
— Elon Musk (@elonmusk) September 28, 2024
Now, with Starship targeting its first crewed lunar landing under the Artemis program by 2028, an xAI integration underway, and a pending IPO that could reshape capital markets, Shotwell’s mandate has never been larger. She told Time that 18 Starships are already in various stages of construction at Starbase. “By 2028,” she said, gesturing across the factory floor, “these should be long gone. They better have flown by then.” If Shotwell’s history at SpaceX is any guide, they will.
Elon Musk
SpaceX’s IPO might arrive sooner than you think
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
Elon Musk’s SpaceX is on the verge of one of the most anticipated Initial Public Offerings (IPO) in history.
However, a new report from The Information indicates the rocket and satellite giant is aiming to file its IPO prospectus with U.S. regulators as soon as this week, or early next week at the latest.
People familiar with the plans told The Information that advisers involved in the process expect the IPO could raise more than 75 billion dollars, potentially making it the largest stock market debut ever and eclipsing Saudi Aramco’s 29.4 billion dollar offering in 2019.
The filing would mark the formal start of what has long been rumored: SpaceX’s transition from a closely held private powerhouse to a publicly traded company.
The timing aligns with earlier signals.
In late February, Bloomberg reported that SpaceX was targeting a confidential IPO filing in March and a possible public listing in June, with a valuation north of 1.75 trillion dollars. At the time, the company’s private valuation hovered around 1.25 trillion dollars.
SpaceX considering confidential IPO filing this March: report
Starlink, SpaceX’s satellite internet constellation, has been the primary driver of that surge, now serving millions of customers worldwide and generating steady revenue. Recent Starship test flights and a record pace of Falcon launches have further bolstered investor confidence.
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
A June listing would give SpaceX immediate access to public capital markets at a moment when demand for space-related stocks remains high. It would also allow early employees and long-time investors to cash out portions of their stakes while giving everyday shareholders a chance to own a piece of the company behind reusable rockets, global broadband, and NASA contracts.
Of course, nothing is certain until the SEC filing appears. Market conditions, regulatory reviews, and Musk’s own schedule could still shift timelines.
Yet the latest word from The Information suggests the window has opened. If the filing lands this week, SpaceX’s roadshow could begin in earnest within weeks, setting the stage for what many analysts already call the IPO of the decade.

