PayPal -owned mobile payment app Venmo already offers a Mastercard-branded debit card, and it announced a year ago that it was planning to launch its first credit card as well. Today, it made good on that promise.
The Venmo Credit Card is a Visa card that offers personalized rewards and 3% cash back on eligible purchases. The cards come in five colors and include the user’s own Venmo QR code on the front.
Naturally, it also integrates with Venmo, allowing customers to track their spending and make payments from the mobile app. The card is currently available to select Venmo users, with plans to launch for the rest of the U.S. in the coming months.
There’s a reality TV competition show in the works that will feature a 2023 trip to the International Space Station as the grand prize, Deadline reports. The production company behind the show, which will be called “Space Hero,” has booked a seat on a SpaceX Dragon crew spacecraft set to make the trip to the ISS in 2023, and will make it the reward for whoever comes out the winner in a competition among “everyday people from any background who share a deep love for space exploration,” according to the report.
The competition will be an ersatz astronaut training program of sorts, including physical challenges, as well as puzzles and problem-solving tasks, as well as emotionally challenging scenarios, according to Deadline. That will lead up to what producers are currently planning will be a live episode featuring a global viewer vote about who ultimately will win. The show will also include documenting the winner’s ISS trip, including their launch and 10-day space station stay, as well as their return journey and landing.
To bring all these pieces together, the production team is working with Axiom Space, a private space travel services provider and mission operator, as well as NASA, with which it’s discussing what might be done in terms of STEM education add-ons for this planned programming.
Deadline says that “Survivor” creator and reality industry giant Mark Burnett has previously tried multiple times to create a reality show with a trip to space as the main component. One such effort, an NBC-based program called “Space Race,” was created in partnership with Richard Branson and focused on Virgin Galactic, but it was ended after that company’s fatal testing accident in 2015.
There’s also a movie production in the works that’s bound for the space station as a filming location, and those efforts are being spearheaded by Tom Cruise, who will star in the yet untitled project. NASA has repeatedly said it welcomes increased commercialization of low-Earth orbit and the ISS, and it also intentionally sought out private partners like SpaceX for its U.S.-based astronaut launch vehicles, in the hopes that they would be able to book other, private clients for flights to help defray mission costs.
SpaceX has raised $1.9 billion in new funding, per a filing with the SEC from Tuesday which was first spotted by Reuters. The company had been reported to be in the funding process earlier by Bloomberg, which pegged the post-money valuation of SpaceX at $46 billion following this raise.
The new funding for the still private SpaceX hardly comes as a surprise; The Elon Musk -led private launch company has been seeking funding since earlier this year, but Bloomberg reported last week that it increased the size of investment it was seeking owing to strong demand from the investment community.
The round was reportedly oversubscribed, though there isn’t yet much information available about who participated in the round (Bloomberg’s report said Fidelity Investments was among the largest in, but they did not confirm). SpaceX might be better positioned than ever to seek significant resources from investors, given the string of high-profile successes it has recorded recently.
Those include completing the first ever private human spaceflight mission to take off from U.S. soil. That mission, Demo-2, took off from Florida in May and returned the astronauts it carried to Earth earlier this month after a two-month stint at the International Space Station. Its successful completion means SpaceX can now regularly supply transportation services to and from the ISS – and puts them closer than ever to offering commercial spaceflight services for private tourists, researchers and more.
SpaceX has also made good progress on its Starlink spacecraft development program, with a successful short test flight of the prototype this month, and it won multiple multi-year contracts from NASA and the U.S. government for launch services this year.
It’s currently in the process of a very capital-intensive endeavor, too, which could explain the size of the round: Deploying Starlink, the massive satellite constellation that it will own and operate, and that will provide commercial and residential broadband internet services to customers in hard to reach areas once it’s active. Just this morning, SpaceX launched 58 more Starlink satellites, but it will have to launch many more before it can achieve its goal of global coverage.
SpaceX and NASA have made history once again, successfully completing the crucial final phase of their Demo-2 mission for the Crew Dragon spacecraft, SpaceX’s first spacecraft made for human flight. This marks the end of this last demonstration mission, which flew NASA astronauts Bob Behnken and Doug Hurley to the International Space Station on May 30, where they remained for two months prior to making the return trip on Sunday.
SpaceX’s Crew Dragon appears to have performed exactly as intended throughout the mission, handling the launch, ISS docking, undocking, de-orbit and splashdown in a fully automated process that kept the astronauts safe and secure throughout. This final phase included recovery of Behnken and Hurley at sea in the Gulf of Mexico using SpaceX’s GO Navigator recovery vessel, which went smoothly, with the capsule loaded onto Navigator around 3:18 PM EDT, and the hatch opened at roughly 4:00 PM EDT, and the crew exiting starting at around 4:06 PM EDT. There were a number of private vessels in the area (you can see them in the gif below), which is a violation of the security conditions, but SpaceX established a perimeter and continued, which is essentially the best they can do under these conditions.
With the successful completion of this mission, everything should be in place to allow for the full certification of Crew Dragon and Falcon 9 as rated for human spaceflight according to NASA’s exactly standards – provided a final, thorough review of the entire mission from start to finish doesn’t reveal any remaining issues that need tidying up. Again, based on what we’ve seen, it looks like a more or less picture-perfect mission for Demo-2 from start to finish, so I wouldn’t expect any major barriers to certification. Note that this is also the first human splashdown in 45 years – when the final Skylab crew did that in 1974.
That means that the next step for Crew Dragon is to begin regular service as America’s primary source of transportation to and from the Space Station . The first of its operational missions, designated Crew-1, is currently set to take place sometime in late September, and will carry three NASA astronauts and one JAXA astronaut to the station for a regular tour as crew members of the orbital science platform.
This now also means that NASA will have control over its own transportation method for its astronauts (and astronauts from friendly nations) to and from the Space Station since the retirement of the Space Shuttle in 2011. The Commercial Crew program was designed to provide just that, but rather than having NASA responsible for the launch and transportation spacecraft as with the Shuttle, it’s partnering with private companies to offer it commercial service for those flights – SpaceX is now the first to complete the testing and development program, and Boeing is in process of becoming a second commercial ride provider for NASA to rely on.
NASA wants to ensure continued access to the ISS, and is also hoping to save money long-term and enable the commercial space industry by sharing rides aboard the Crew Dragon and Boeing’s Starliner with commercial astronauts. SpaceX has already partnered with a company to begin selling return trips aboard Crew Dragon (without an ISS stop) for private spacefarers, and Dragon has a total of seven potential seats for flying people, with NASA missions only ever slated to occupy four of those spots.
SpaceX and NASA are getting ready to complete their most important joint mission to date – Crew Dragon Demo-2, which is the culmination of the partners’ work on their Commercial Crew program designed to certify a SpaceX spacecraft for regular human spaceflight operations. NASA astronauts are already on board Crew Dragon making their way back to Earth during a multi-hour descent, and later on Sunday will be splashing down in the Atlantic Ocean off the coast of Florida.
Behnken and Hurley undocked from the International Space Station on Saturday, August 1 at just after 7:30 PM EDT, with the Crew Dragon capsule handling all of the maneuvers since in a fully automated fashion, just like it’s designed to do. SpaceX built Crew Dragon to be fully automated both during takeoff and the return to Earth and landing portion of any trip to the ISS, and in fact have previously flown a successful uncrewed version of the mission that’s happening now with astronauts on board.
To conclude Demo-2, Behnken and Hurley are currently scheduled to splash down in the Gulf of Mexico at 2:48 PM EDT (11:48 AM PDT), where they’ll be met and recovered by a SpaceX crew. This will be a historic first for a commercial spacecraft, capping a mission of historic first for private human spaceflight that began with the successful launch of Crew Dragon ‘Endeavour’ on May 30.
Once Dragon enters the atmosphere, it’ll deploy its parachutes, which will slow it until it’s traveling at a speed of just around 15 mph before it splashes down. The reason it requires such a long trip from time of departure to when it lands in the ocean is that it needs to slow down from a starting speed of around 17,500 mph when it departs the ISS.
NASA and SpaceX will have live coverage on the stream above, and we’ll provide any updates about key developments in the mission as they happen.
NASA astronauts Bob Behnken and Doug Hurley have successfully undocked from the International Space Station, which is the first crucial stage of their return to Earth. Next, they’ll travel on a coast phase that will take them on a descent course back through the atmosphere from space, shedding speed as they prepare to deploy the parachutes of the SpaceX Crew Dragon spacecraft and drop into the Atlantic Ocean for recovery.
The undocking, coast and splashdown phase are all meant to be performed entirely via automation, with the control systems SpaceX designed for Crew Dragon managing the entire process, including burns to control the capsule’s travel away from the Station and its controlled descent through the atmosphere. While re-entering the atmosphere, the Dragon will undergo tremendous stress, and its angle of descent is intended to slow its velocity to the point where it can safely deploy those parachutes to slow its fall even further, all the while keeping Behnken and Hurley safe.
The coast phase will take many hours, with SpaceX and NASA expecting the eventual splashdown of the capsule happening sometime around 2:42 PM EDT (11:42 PM PDT) tomorrow, Sunday August 2.
This is the final phase of SpaceX’s Demo-2 mission from its Commercial Crew program with NASA, which is the qualification program that the agency requires to certify Crew Dragon for regular operational missions taking astronauts to and from the station. Behnken and Hurley launched on the first part of this historic mission, which is the first to see humans fly aboard a SpaceX spacecraft, on May 30, and have spent the intervening months on the Space Station contributing to regular crew missions.
Crew Dragon will splash down off the coast of Florida to conclude Demo-2, and SpaceX crews are on hand to recover the astronauts at that point and bring them the rest of the way back to terra firma. If everything goes to plan, then SpaceX will officially be ready to begin standard astronaut flights, as mentioned – and the first of those is planned for sometime in late September, so they won’t have to wait long.
We’ll have updates for the remainder of this final leg as they become available, so stay tuned.
SpaceX’s Crew Dragon ‘Endeavor’ successfully docked with the International Space Station as planned on Sunday morning, marking another key milestone during this historic Commercial Crew demonstration mission it’s conducting with NASA. On board Crew Dragon were NASA astronauts Doug Hurley and Bob Behnken, the test pilots selected to be the first ever humans to fly on board SpaceX’s Crew Dragon, and the first people ever to make the trip to orbit aboard a spacecraft built by a private company.
The docking process was handled completely autonomously by Crew Dragon itself, which is designed by SpaceX to operate on autopilot from the moment of launch throughout the course of the entire mission. The spacecraft is able to dock with a newer automated international docking adapter installed on the ISS, unlike the original cargo version of Dragon, which required manual capture by the robotic Canadarm 2 controlled by astronauts on the station. The updated cargo Dragon and Crew Dragon are designed to work with the new automated system.
Hurley and Behnken launched at 3:22 PM EDT (12:22 PM PDT) on Saturday, taking off from Cape Canaveral in Florida as planned. It was the second launch attempt for this mission, after weather caused a delay last Wednesday. This mission is NASA and SpaceX’s Commercial Crew Demo-2, which is the second demonstration mission of the full flight and return of the SpaceX Crew Dragon spacecraft, one of two vehicles commissioned by NASA from commercial partners to provide transportation serves for astronauts to and from the Space Station.
Crossing this milestone means that essentially the first half of the mission has been completed successfully – so far, SpaceX has demonstrated that the launch process works as designed, as does manual control (the astronauts took over and ran two tests of that system), and automated docking.
The ISS hatch opened at 12:37 PM EDT, and the Dragon hatch opened at 1:02 PM EDT, at which point Behnken and Hurley were welcomed onboard the ISS by the existing crew, which includes two U.S. and one Russian astronaut. Hurley and Behnken will now perform standard ISS crew activities, including conducing experiments and research, during the next several weeks before they climb back into Crew Dragon for the final portion of Demo-2 – the trip back to Earth.
You can watch the livestream above to see the approach and docking maneuver, as well as the transfer process once the hatch opens and Hurley and Behnken make the short trip over from their spacecraft to the ISS. The astronauts will then serve on board the orbital lab for a shortened tour of duty, but taking part in all the activities a regular ISS rotation astronaut would do, before eventually heading home to Earth back aboard Crew Dragon in a few weeks.
This milestone mission is the first crewed flight for NASA’s Commercial Crew program, which will certify SpaceX’s Crew Dragon for regular operational missions carrying astronauts from the agency and its partners to and from the Space Station .
Ahead of the docking, the astronauts will be conducting manual tests of the spacecraft’s control system, their second test after an initial trial yesterday shortly after launch. Crew Dragon is designed to fly and dock entirely on its own, but part of this mission is ensuring that the manual controls work as designed in case astronauts ever need to make use of them in an emergency.
SpaceX on Saturday launched two NASA astronauts aboard its Crew Dragon spacecraft, and the accomplishment is a tremendous one for both the company and the U.S. space agency. At a fundamental level, it means that the U.S. will have continued access to the International Space Station, without having to rely on continuing to buy tickets aboard a Russian Soyuz spacecraft to do so. But it also means the beginning of a new era for the commercial space industry – one in which private companies and individual buying tickets for passenger trips to space is a consistent and active reality.
With this mission, SpaceX will complete the final step required by NASA to human-rate its Falcon 9 and Crew Dragon spacecraft, which means that it can begin operationally transporting people from Earth essentially as soon as this mission concludes (Crew Dragon still has to rendezvous with the space station tomorrow, and make its way back to Earth with astronauts on board in a few weeks). Already, SpaceX has signed an agreement with Space Adventures, a private space tourism booking company that has previously worked with Roscosmos on sending private astronauts to orbit.
SpaceX wants to start sending up paying tourists on orbital flights (without any ISS stops) starting as early as next year aboard Crew Dragon. The capsule actually supports up to seven passengers per flight, though only four seats will ever be used for official NASA crew delivery missions for the space station. SpaceX hasn’t released pricing on private trips aboard the aircraft, but you can bet they’ll be expensive since a Falcon 9 launch (without a human rated capsule) costs around $60 million, and so even dividing that by seven works out to a high price of entry.
So this isn’t the beginning of the era of accessible private spaceflight, but SpaceX is the first private company to actually put people into space, despite a lot of talk and preparatory work by competitors like Virgin Galactic and Blue Origin. And just like in the private launch business, crossing the gulf between having a private company that talks about doing something, and a company that actually does it, will absolutely transform the space industry all over again.
SpaceX is gearing up to launch tourists as early as next year, as mentioned, and while those tourists will have to be deep-pocketed, as eight everything that SpaceX does, the goal is to continue to find ways to make more aspects of the launch system reusable and reduce costs of launch in order to bring prices down.
Even without driving down costs, SpaceX will have a market, however niche, and one that hasn’t yet really had any inventory to satisfy demand. Space Adventures has flown a few individuals by buying tickets on Soyuz launches, but that hasn’t really been a consistent or sustainable source of commercial human spaceflight, and SpaceX’s system will likely have active support and participation from NASA.
That’s an entirely new revenue stream for SpaceX to add to its commercial cargo launches, along with its eventual launch of commercial internet service via Starlink. It’s hard to say yet what kind of impact that will actually have on their bottom line, but it could be big enough to have an impact – especially if they can figure out creative ways to defray costs over successive years, since each cut will likely considerably expand their small addressable audience.
SpaceX’s impact on the launch business was to effectively create a market for small satellites and more affordable orbital payloads that simply didn’t make any economic sense with larger existing launch craft, most of which were bankrolled almost entirely by and for defence and NASA use. Similarly, it’s hard to predict what the space tourism market will look like in five years, now that a company is actually offering it and flying a human-rated private spacecraft that can make it happen.
Private spacefarers won’t all be tourists – in fact, it could make a lot more financial sense for the majority of passengers to and from orbit to be private scientists and researchers. Basically, imagine a NASA astronaut, but working for a private company rather than a publicly-funded agency.
Astronauts are essentially multidisciplinary scientists, and the bulk of their job is conducing experiments on the ISS. NASA is very eager to expand commercial use of the ISS, and also to eventually replace the aging space station with a private one of which they’re just one of multiple customers. Already, the ISS hosts commercial experiments and cargo, but if companies and institutions can now also send their own researchers as well, that may change considerably how much interest their is in doing work on orbit, especially in areas like biotech where the advantages of low gravity can produce results not possible on Earth.
Cost is a gain a significant limiting factor here, since the price per seat will be – no pun intended – astronomical. But for big pharma and other large companies who already spend a considerable amount on R&D it might actually be within reach. Especially in industries like additive manufacturing, where orbit is an area of immense interest, private space-based labs with actual rotating staff might not be that farfetched an idea.
Marketing & Entertainment
Commercial human spaceflight might actually be a great opportunity to make actual commercials – brands trying to outdo each other by shooting the first promo in space definitely seems like a likely outcome for a Superbowl spot. It’s probably not anyone’s priority just now, given the ongoing global pandemic, but companies have already discussed the potential of marketing partnerships as a key driver of real revenue, including lunar lander startup ispace, which has signed a number of brand partners to fund the build and flight of its hardware.
Single person rides to orbit are definitely within budget for the most extreme marketing efforts out there, and especially early on, there should be plenty of return on that investment just because of how audacious and unique the move is. The novelty will likely wear off, but access to space will remain rarified enough for the forseeable future that it could still be part of more than a few marketing campaigns.
Cruise probably isn’t the only one to consider the impact of a space-based motion picture project, and you can bet at least one reality show producer somewhere is already pitching ‘The Bachelor’ in space. Again, it’s not going to be within budget for every new sci-fi project that spins up, but it’s within blockbuster budget range, and that’s another market that grew by 100% just by virtue of the fact that it didn’t exist as a possibility before today.
It’s hard to fully appreciate what kind of impact this will have, because SpaceX has literally taken something that previously wasn’t possible, and made it available – at costs that, while high, aren’t so high as to be absurd. As with every other such expansion, it will likely create new and innovative opportunities that haven’t even been conceived, especially once the economics and availability of flights, etc. are clarified. GPS, another great space-based innovation, formed the bedrock of an industry that changed just about every aspect of human life – private commercial spaceflight could do the same.
NASA astronauts Doug Hurley took over manual control of the SpaceX Crew Dragon spacecraft on Saturday, shortly after the vehicle’s historic first launch from Cape Canaveral in Florida. Crew Dragon is designed to fly entirely autonomous throughout the full duration of its missions, including automated docking, de-orbit and landing procedures, but it has manual control systems in case anything should go wrong and the astronauts have to take over. This test is the first time the manual controls have been used in space, and is a key part of certifying Crew Dragon for regularly operational human flight.
Astronaut Bob Behnken and Hurley removed their fashionable SpaceX space suits just before Hurley completed the manual maneuvers, which is also part of the plan. They’re able to go without the suits in the pressurized cabin during its transit to the ISS, only needing to put them back on for space station docking, and the interior of Crew Dragon actually provides them a fair amount of room to move around in. This also makes it easier for them to operate the spacecraft controls.
The manual maneuver testing including Hurley going through the process of using the spacecraft’s touchscreen controls to put the capsule into what’s called LVLH (local vertical local horizontal ) attitude, using Earth as a reference navigation point. That basically means putting Dragon in the same orientation as an airplane flying over Earth, with the planet located ‘underneath’ the Dragon as it flies. The test involves notifying the flight computer to not take over as Hurley conducts the maneuvers, but doesn’t involve actually finalizing the control orders by sending them to the flight computer, since it will be the one actually completing the automated flight and docking process.
Hurley will conduct two tests during the mission, the one he just did called a “far-field” flight test because it’s far away from the ISS, and one called the “near-field” test which will be conducted when they’re closer to the station.
You can actually try out the manual control system that Behnken and Hurley used yourself – no spaceship required. All you need is a browser, and this ISS Docking Simulator created and released by SpaceX. It’s a bit tricky, but not as hard as you might think thanks to an intuitive control interface design.