financetom
Business
financetom
/
Business
/
Elon Musk plans Mars talk ahead of first Starship launch since test failures
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Elon Musk plans Mars talk ahead of first Starship launch since test failures
May 27, 2025 10:13 AM

WASHINGTON (Reuters) -Elon Musk was expected on Tuesday to present an update on SpaceX's plan to launch missions to Mars ahead of a high-stakes Starship test flight later in the day.

Musk, the world's richest person and a key supporter of U.S. President Donald Trump, has indicated he will be spending less time in government and on political campaigns in the future in order to focus on his business empire.

He is scheduled to speak at 1 p.m. EDT (1700 GMT) from SpaceX's Starbase rocket facility in Texas, where he is expected to offer ambitious new timelines for sending SpaceX's Starship rocket system to Mars. The Red Planet, tens of millions of miles away from Earth, has been a long-sought but challenging destination for SpaceX, as well as U.S. government astronauts in recent years.

SpaceX has posted a placeholder for its livestream of the talk on platform X titled "The Road to Making Life Multiplanetary." Hours later, the company will attempt the ninth Starship test launch, after its last two Starship launches exploded early in flight.

The speech could offer clues about the trajectory of NASA's cosmic strategy. While Musk has been known to make overly ambitious projections in past talks regarding SpaceX's development timelines, the billionaire has since amassed significantly more power and influence over the Trump administration's space agenda.

His Starship program has had difficulties lately. The rocket was grounded for nearly two months after a testing explosion in March over Caribbean islands, prompting the Federal Aviation Administration to expand its debris hazard zones.

Starship is poised to attempt its ninth test flight from Starbase hours after Musk's speech. The rocket's hour-long launch window opens at 7:30 p.m. EDT (2330 GMT).

The 400-foot-tall (122 m) Starship rocket system is the centerpiece of Musk's vision to ferry humans to Mars and expand SpaceX's global dominance in the satellite launch market, a foothold the company has gained with its reusable Falcon 9. 

The rocket, picked by NASA in 2021 to land humans on the moon later this decade, is expected to play an even bigger role in the U.S. space program. Trump attended a Starship test launch in November and has publicly regaled Musk's Mars vision.

Musk and SpaceX remain influential over U.S. space policy despite the billionaire's shift away from government and signals to cut political spending.

Trump's choice to lead NASA, Jared Isaacman, a billionaire private astronaut and SpaceX customer for whom Musk advocated, testified before a U.S. Senate committee in April but has not advanced through the full confirmation process, while significant changes loom at the U.S. space agency.

A White House budget blueprint released earlier this month proposed $6 billion in cuts at NASA, bolstering the agency's Mars focus and threatening programs that Musk and Isaacman have criticized.

During a tense May 22 White House event with Trump and South African President Cyril Ramaphosa, South African-born Musk stood among Trump's cabinet officials in the room and was pointed out by the U.S. president.

"He actually came here on a different subject: sending rockets to Mars," Trump said. "He likes that subject better."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Earth Alive Clean Technologies Receives Boeing Certification For Its ea1 Dust Suppressant
Earth Alive Clean Technologies Receives Boeing Certification For Its ea1 Dust Suppressant
May 28, 2024
05:10 PM EDT, 05/28/2024 (MT Newswires) -- Earth Alive Clean Technologies ( EACTF ) , a manufacturer of, environmentally friendly microbial solutions and products, said Tuesday its ea1 dust suppressant received Boeing compliance certification under the BSS7432 standard. The company said the certification shows the product meets Boeing's requirements for corrosion testing, acrylic cracking, paint softening, and hydrogen embrittlement. Passing...
Neurocrine Biosciences Says CEO Kevin Gorman Retiring
Neurocrine Biosciences Says CEO Kevin Gorman Retiring
May 28, 2024
05:09 PM EDT, 05/28/2024 (MT Newswires) -- Neurocrine Biosciences ( NBIX ) said late Tuesday that Kevin Gorman will retire as chief executive officer on Oct. 11 and Kyle Gano, who is now chief business development and strategy officer, will succeed him in the role. Gano will also join the board and Gorman will stay on the board, the company...
Tjx Companies Insider Sold Shares Worth $2,043,358, According to a Recent SEC Filing
Tjx Companies Insider Sold Shares Worth $2,043,358, According to a Recent SEC Filing
May 28, 2024
05:07 PM EDT, 05/28/2024 (MT Newswires) -- Ernie Herrman, Director, CEO & President, on May 24, 2024, sold 20,000 shares in Tjx Companies ( TJX ) for $2,043,358. Following the Form 4 filing with the SEC, Herrman has control over a total of 571,148 shares of the company, with 571,148 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/109198/000095017024065335/xslF345X03/ownership.xml Price: 101.00, Change: -0.42,...
Tjx Companies Insider Sold Shares Worth $2,033,200, According to a Recent SEC Filing
Tjx Companies Insider Sold Shares Worth $2,033,200, According to a Recent SEC Filing
May 28, 2024
05:08 PM EDT, 05/28/2024 (MT Newswires) -- Kenneth Canestrari, Senior Executive Vice President, Group President, on May 23, 2024, sold 20,332 shares in Tjx Companies ( TJX ) for $2,033,200. Following the Form 4 filing with the SEC, Canestrari has control over a total of 110,893 shares of the company, with 110,893 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/109198/000095017024065327/xslF345X03/ownership.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved