financetom
Business
financetom
/
Business
/
Private SpaceX crew set for launch to novel polar orbit around Earth
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Private SpaceX crew set for launch to novel polar orbit around Earth
Mar 31, 2025 4:08 PM

*

Mission led by crypto magnate Chun Wang

*

SpaceX's sixth private astronaut flight

*

Crew includes VR director, robotics researcher, adventurer

By Joey Roulette

WASHINGTON, March 31 (Reuters) -

Elon Musk's SpaceX on Monday was set to launch a crew of

four private astronauts led by a crypto entrepreneur on a

mission to orbit Earth from pole to pole, a novel trajectory in

which no humans have traveled before.

Maltese investor Chun Wang, a Chinese-born magnate who

founded a bitcoin mining company, is the bankroller and

commander of the SpaceX mission, named Fram2, a reference to the

Norwegian "Fram" ship that pioneered Arctic exploration at the

turn of the 20th century.

Wang and three associates are scheduled to launch aboard

SpaceX's Crew Dragon capsule at 9:47 p.m. EDT on Monday (1:47

a.m. GMT on Tuesday) from NASA's Kennedy Space Center in

Florida, setting off for a free-flying mission for three to five

days, during which they will partake in 22 research experiments

largely centered on how spaceflight and microgravity affect the

human body.

The four crew members on Monday afternoon were driven to the

launchpad in a caravan of Teslas - the electric cars of Musk's

other company - winding through the roads of Cape Canaveral,

Florida, with a police escort, as a SpaceX Falcon 9 rocket

launched overhead in an unrelated Starlink mission.

"We're gonna watch a rocket launch while on our way to a

rocket launch," Wang wrote on X, the social media site owned by

Musk, alongside a video of a Falcon 9 climbing the skies to

space during their drive.

The mission, SpaceX's sixth private astronaut flight, is the

company's latest novel effort that expands its dominance in the

global human spaceflight arena. It comes as Musk's power as

SpaceX CEO and the world's richest man soars as he works as a

close adviser to U.S. President Donald Trump, a role that has

given him extraordinary influence for a businessman over an

array of U.S. policy matters.

Fram2 will be the 16th crewed mission overall using the

reusable Crew Dragon, a gumdrop-shaped spacecraft that SpaceX

developed with NASA funding to provide the U.S. space agency a

ride for its astronauts to and from the International Space

Station.

SpaceX and its Dragon craft have dominated the nascent market

for private orbital spaceflight, an area in which a key source

of demand originally came from a small field of wealthy

tourists. Dragon is the world's only privately built capsule

routinely flying missions in orbit, as Boeing's ( BA ) Starliner

capsule is held up in development.

In recent years, with Dragon flights costing roughly $55

million per seat, the spaceflight market - involving companies

such as Axiom Space that contract Crew Dragon missions - has

fixated more on astronauts from governments willing to pay the

sum mainly for national prestige and bolstering domestic

spaceflight experience.

But the Fram2 crew is untethered from government backing.

Wang's friends include Norwegian film director Jannicke

Mikkelsen, who specializes in virtual-reality cinematography;

German robotics researcher and polar scientist Rabea Rogge, and

Australian adventurer Eric Philips, who has taken up ambitious

skiing expeditions in Earth's harsh polar regions.

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 >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Phillips 66 Urges Shareholders to Reject Elliot Proposals Ahead of Annual Meeting
Phillips 66 Urges Shareholders to Reject Elliot Proposals Ahead of Annual Meeting
Apr 8, 2025
08:14 AM EDT, 04/08/2025 (MT Newswires) -- Phillips 66 (PSX) asked its shareholders Tuesday to reject activist investor Elliott Investment Management's attempt to change the leadership and strategy of the company, according to a definite proxy statement. The energy company described Elliot as an activist hedge fund pushing an aggressive short-term agenda, who is seeking a quick win by breaking...
BRIEF-Bain Capital Nears $2.6 Billion Deal To Buy Blackstone-Backed Healthedge- FT
BRIEF-Bain Capital Nears $2.6 Billion Deal To Buy Blackstone-Backed Healthedge- FT
Apr 8, 2025
April 8 (Reuters) - * BAIN CAPITAL NEARS $2.6BN DEAL TO BUY BLACKSTONE-BACKED HEALTHEDGE- FT Source: https://tinyurl.com/4kbp55nc ...
Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion
Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion
Apr 8, 2025
April 8 (Reuters) - Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company. This is the second billion-dollar-plus deal involving a crypto company this year, as digital assets such as bitcoin gain more prominence under U.S. President Donald Trump, who has...
Copyright 2023-2026 - www.financetom.com All Rights Reserved