Categories: Tech & Auto

SpaceX prioritizes lunar 'self-growing city' over Mars project, Musk says

Feb 9 (Reuters) – Elon Musk said on Sunday that SpaceX has shifted its focus to building a "self‑growing city" on the moon, which could be achieved in less than 10 years.  SpaceX still intends to start on Musk's long-held ambition of a city on Mars within five to seven years, he wrote on his X social media platform, "but the overriding priority is securing the future of civilization and the Moon is faster." Musk's comments echo a Wall Street Journal report on Friday, stating that SpaceX has told investors it would prioritize going to the moon and attempt a trip to Mars at a later time, targeting March 2027 for an uncrewed lunar landing. As recently as last year, Musk said that he aimed to send an uncrewed mission to Mars by the end of 2026. The U.S. faces intense competition from China in the race to return humans to the moon this decade. Humans have not visited the lunar surface since the Apollo 17 mission in 1972. Less than a week ago, Musk announced that SpaceX acquired the artificial intelligence company he also leads, xAI, in a deal that values the rocket and satellite company at $1 trillion and the artificial intelligence outfit at $250 billion. Proponents of the move view it as a way for SpaceX to bolster its plans for space-based data centers, which Musk sees as more energy efficient than terrestrial facilities as the demand for compute power soars with AI development. SpaceX is hoping a public offering later this year could raise as much as $50 billion, which could make it the largest public offering in history. On Monday, Musk said in response to a user on X that NASA will constitute less than 5% of SpaceX's revenue this year. SpaceX is a core contractor in NASA's Artemis moon program with a $4 billion contract to land astronauts on the lunar surface using Starship. "Vast majority of SpaceX revenue is the commercial Starlink system," Musk added. Earlier on Sunday, Musk shared the company's first Super Bowl ad, promoting its Starlink Wi-Fi service. Even as Musk reorients SpaceX, he is also pushing his publicly traded company, Tesla, in a new direction. After virtually building the global electric vehicles market, Tesla is now planning to spend $20 billion this year as part of an effort to pivot to autonomous driving and robots.  To speed up the shift, Musk said last month Tesla is ending production of two car models at its California factory to make room for manufacturing its Optimus humanoid robots. (Reporting by Abu Sultan in Bengaluru; Additional writing by David Jeans; Additional reporting by Rishabh Jaiswal; editing by Diane Craft, Sergio Non and Stephen Coates)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

EU threatens Meta with interim measure for blocking AI rivals from WhatsApp

BRUSSELS, Feb 9 (Reuters) - EU competition regulators on Monday charged Meta Platforms with breaching…

38 minutes ago

Meta criticises EU antitrust move against WhatsApp block on AI rivals

BRUSSELS, Feb 9 (Reuters) - Meta Platforms on Monday criticised EU regulators after they charged…

51 minutes ago

EU threatens Meta with interim measure for blocking AI rivals from WhatsApp

BRUSSELS, Feb 9 (Reuters) - EU competition regulators on Monday charged Meta Platforms with breaching…

52 minutes ago

Novo Nordisk shares rise as Hims abandons $49 weight-loss pill

COPENHAGEN, Feb 9 (Reuters) - Novo Nordisk's shares jumped more than 8% on Monday after telehealth…

1 hour ago

Oil drops more than 1% as US-Iran talks ease supply worries

SINGAPORE, Feb 9 (Reuters) - Oil prices fell more than 1% on Monday as fears…

1 hour ago

Agilus Diwine Diagnostics Launches Mega Full Body Health Check-Up Offer at INR 2,299 in Mumbai

Mumbai (Maharashtra) [India], February 09:  Agilus Diwine Diagnostics, in association with Agilus (Dr. Phadke Labs,…

1 hour ago