Apr 9, 2021 08:01 EDT
New details for Space Exploration Technologies Corp. s (SpaceX) plans for the first-stage rocket booster of its Starship interplanetary launch vehicle system have come to light. SpaceX is currently testing the second stage of its net-generation rocket system in Boca Chica, Texas, as it builds the Starship first stage, which will be responsible for propelling payloads beyond Earth s atmosphere.
SpaceX Will Build 469 Feet Tall Launch and Arrest Tower For Catching Starship Boosters
The details of the launch tower come courtesy of a filing with the Federal Aviation Administration (FAA), responsible for overseeing SpaceX s ongoing test activities in Boca Chica. SpaceX filed for the launch tower in March, and the FAA has granted it the authority to build the 469 feet tall structure, which will be responsible for launching the fully stacked Starship and catching the first stage booster on its return.
Provided by Dow Jones
By Michael Wursthorn Cathie Wood s new ARK Space Exploration & Innovation ETF is already on track to be one of the most successful fund launches ever despite criticism that it doesn t necessarily reflect the nascent space-exploration market. Investors poured $445.6 million into the actively managed exchange-traded fund, known as ARKX, in its first four days of trading, according to FactSet data through Monday. That trounces the industry average of three years to gather $100 million and puts the fund on course to top $1 billion in assets within days, analysts said. Such a milestone would put the fund in rare company: The fastest ETF to reach $1 billion was State Street s SPDR Gold Trust fund, which hit the mark in just three days back in 2004.
Cathie Wood Extends Hot Streak With Space ETF — Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
SpaceX facility planned next to Tesla factory outside Austin, sources say bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.