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Opinion - Blue Origin's New Glenn launch ups the ante on the commercial space race

Opinion - Blue Origin's New Glenn launch ups the ante on the commercial space race

Yahoo26-01-2025

Jeff Bezos's Blue Origin joined the billionaire's space race in earnest when its New Glenn rocket roared from a launch pad at the Kennedy Space Center in the early morning hours of Jan. 16. The second stage with the Blue Ring payload successfully reached orbit. However, an attempt to land the first stage on a drone ship failed.
Still, the successful launch represents a triumph for the rival rocket company to Elon Musk's SpaceX. It promises to change the economics of space travel, at least in the short term. The success occurred on the first try.
The launch of New Glenn was a long time coming, with development starting as early as 2012. Eric Berger of Ars Technica suggested on X that a leadership change at Blue Origin led to success after a long, plodding process.
'The hiring of Dave Limp as CEO of Blue Origin, and subsequent launch of New Glenn only a little more than a year later, underscores the importance of leadership in aerospace. Multiple sources report a major culture change at Blue vectored toward results.'
The Federal Aviation Administration is requiring an investigation over the failure to land the first stage of the New Glenn before the rocket is allowed to fly again.
Later that day, SpaceX conducted the seventh test of the Starship-SuperHeavy from its launch complex at Boca Chica, Texas. The results were decidedly mixed. The SuperHeavy booster separated from the Starship second stage and returned to the launch pad, caught by the 'chopstick' mechanical arms, mimicking the success achieved in the fifth test of the monster rocket conducted last October.
However, as the Starship fired its engines and proceeded toward orbit, they started shutting down prematurely, followed by telemetry, only for it to be lost altogether. Starship thus reentered the atmosphere in pieces, streaking across the sky over the Turks and Caicos Islands. The sight was eerily similar to what happened to the space shuttle Columbia when it broke apart in the skies over Texas in February 2003. The FAA was obliged to reroute some planes from the danger area.
It should be noted that Starship has incorporated a number of enhancements, making it a completely different vehicle from previous iterations.
SpaceX CEO Elon Musk posted on X what the flight controllers found to be the cause of the 'Rapid Unscheduled Disassembly' or explosion. 'Preliminary indication is that we had an oxygen/fuel leak in the cavity above the ship engine firewall that was large enough to build pressure in excess of the vent capacity.'
Musk believes the solution is straightforward. 'Apart from obviously double-checking for leaks, we will add fire suppression to that volume and probably increase vent area,' he wrote. 'Nothing so far suggests pushing next launch past next month.'
The FAA may have something to say about that. Past experience tells us from previous mishaps that the regulatory agency will require months of investigation before SpaceX is allowed to fly again. In this case, the FAA has charged SpaceX with conducting the investigation under its supervision. SpaceX will not fly until the agency approves the results and the corrective action,
On the other hand, President Trump, with whom Musk has a close relationship, will have authority over the FAA. Will the investigation be expedited to fit Musk's desire to fly again quickly rather than the business-as-usual of plodding bureaucracy? The Starship, in one form, is designed to take human beings back to the lunar surface before the end of the second Trump presidency. Any long delay would place that goal in doubt.
The first flight of the New Glenn and the seventh flight of the Starship prove that launch vehicle development features spectacular explosions and crashes on the road to becoming operational.
SpaceX has spoiled us with its Falcon family of rockets, launching and then landing with a normality unimagined just a few years ago. It took a lot of failed launches for the company to achieve the reliability and low cost of the Falcon 9 and the Falcon Heavy with a lot of failed launches. The phrase 'failure is not an option' is a misnomer. Each failure is a learning process. Failure is necessary to achieve eventual success.
Success for the Starship and the New Glenn will open the moon, Mars and beyond to human activity. The Starship will land humans on the moon in a few years. New Glenn will launch the Blue Moon lander as an alternative to the SpaceX monster rocket.
The wonders that these two rockets may create are almost beyond evaluation.
Mark R. Whittington is the author of 'Why is It So Hard to Go Back to the Moon?' as well as 'The Moon, Mars and Beyond,' and, most recently, 'Why is America Going Back to the Moon?' He blogs at Curmudgeons Corner.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Veteran fund manager resets stock market forecast amid Musk, Trump fallout
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That's been particularly true for Tesla () shareholders. The EV company rallied after Trump's election amid hope that Musk's White House connections would pave the way to sales growth. Instead, Musk's DOGE efforts, and arguably controversial political comments, caused a mass exodus of left-leaning Tesla buyers. Sales cratered in key markets, including Europe and California, the largest U.S. auto market. In Europe, Tesla sales dropped 49% year-over-year in April to 7,261 vehicles, according to the European Automobile Manufacturers' Association. In California, Tesla registrations fell 21.5% year-over-year in the first quarter, while non-Tesla electric vehicle (EV) registrations grew 14%. Tesla's stock price got hammered as a result, falling 54% from mid-December highs to early April lows. It's since recovered alongside the broad market, jumping 35%, largely on news Elon Musk would step away from DOGE. Doug Kass has seen a thing or two. His career stretches back into the 1970s at money manager Putnam, including a stint as research director for billionaire Leon Cooperman's Omega Advisors. His deep experience navigating markets professionally means he had a front-row seat to his share of political, economic, and stock market surprises. He witnessed Richard Nixon's Watergate implosion, the inflation-riddled 70s, the Savings & Loan crisis, the Internet boom and bust, hanging chads, the housing-bubble-driven Great Financial Recession, Trump presidency version 1.0, Covid, and the recent inflation shock and December, he tests that experience with his "surprises" list for the coming year. This year, in addition to predicting the S&P 500 sell-off, he forecast the unfriendly end of the Trump-Musk relationship. "Surprise #2: The 'other' romance, between Trump/Musk, doesn't make it past spring 2025," wrote Kass. "National protests and demonstrations emerge and demands from a wide array of members of both the Republican and Democratic parties (including conservatives and liberals) call for 'ousting' Elon Musk, an unelected official, from playing such a dominant role in the U.S. government." Kass's Musk prediction is a longer read, but the gist is simple: Musk and Trump will suffer a fallout, which may have consequences for investors. He revisited his outlook, offering a new take on the Trump-Musk situation. "Right in front of us, it is obvious that political positions of influence can easily be bought-sold by both parties (and that certainly includes the presidency)," wrote Kass. "I am not even sure where the performance ends and reality begins. In the end (probably sooner than later) — just like the president's opening salvos of ridiculously high tariff proposals — the two actors will likely have a detente (and kiss and make up) because the downside is certain for both of them, as no one will win. When that make-up happens, no one knows. It could happen today, next week or next month, but the parties' 'interests' are now so enmeshed that Musk and Trump recognize where their bread is buttered." A potential "easing" of tensions would be welcome, given that a long-term tit-for-tat would fuel market volatility. Still, Kass's view of what happens to the stock market next isn't encouraging. "Never in my investing career has there been so many possible social, political, geopolitical, economic, interest rates and fiscal policy outcomes (many of which are adverse). That is why I don't understand the uber confidence expressed by the Perma Bull cabal (led by Fundstrat's Tom Lee) and manifested in a near-vertical move higher for equities over the last two months," continued Kass. "With a forward PE of 22x, equities remain overvalued and, after covering my Index shorts yesterday, I plan to reshort any rally." If Kass is correct that instability will force stocks lower, how low could it go, and when might things improve? "I see seven lean months ahead for our markets. We estimate downside risk to be roughly 3x the upside reward," concludes fund manager resets stock market forecast amid Musk, Trump fallout first appeared on TheStreet on Jun 7, 2025 This story was originally reported by TheStreet on Jun 7, 2025, where it first appeared. Sign in to access your portfolio

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