Global Economics

SpaceX May See Launch In October

On Friday, NASA announced that there is a planned mission to launch a SpaceX crew on or after October 23rd of this year. At the time of launch, this will be the first full-length astronaut mission for SpaceX.

Three U.S. astronauts under the name of Crew-1 will be a part of the SpaceX mission: Mike Hopkins, Shannon Walker, and Victor Glover. The mission plans to have the astronauts spend six months on research and mission-related tasks at the International Space Station. The name of the capsule that they’ll be launching on is the SpaceX Crew Dragon. There is already a rocket by the name of SpaceX Falcon 9 waiting in Florida for the launch this fall.

This new launch date is the latest following the delay of the original September launch date. According to NASA, a delay was needed due to “spacecraft traffic.” The traffic that NASA is referring to is that of the Russian Soyuz spacecraft that will be headed to the International Space station in October already. Essentially, by changing the date to later in October for Crew-1, there can be a “crew handover” conducted when the next Crew-2 mission is launched in the spring of 2021 by SpaceX.

SpaceX’s first mission with two astronauts on board was conducted earlier in August of this year. During this mission, astronauts Bob Behnken and Doug Hurley completed a test flight on the Crew Dragon Endeavor spacecraft.

SpaceX is was started by Tesla’s (TSLA) Elon Musk in 2002. Tesla stock was up 1.83% to $1650.71 at market close on Friday.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Trader Buzz). I have no business relationship with any company whose stock is mentioned in this article.


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