Scan to Download ios&Android APP


SpaceX Starship orbital launch delayed by FAA

15:08, 30 December 2021

Share this article

What You Need to Know

The week ahead update on major market events in your inbox every week. Subscribe
SpaceX Starship spacecraft and Super Heavy rocket
SpaceX’s Starship spacecraft and Super Heavy rocket represent a fully reusable transportation system designed to carry both crew and cargo – Photo: SpaceX/Flickr

Elon Musk’s SpaceX was forced to push back the first orbital flight of its Starship/Super Heavy spacecraft after the US Federal Aviation Administration (FAA) set a new target date for environmental approvals back to 28 February.

Starship, which is intended to one day take crewed missions to the moon and Mars, is now expected to launch on its first orbital mission sometime in early March.

The FAA said it received 18,000 public comments about the draft Programmatic Environmental Assessment (PEA), which is used to access the environmental impact around the Boca Chica launch site in Cameron County Texas.

Due to the high volume of comments the FAA decided to push back the release of the final PEA from its original date of 31 December.

SpaceX CEO Elon Musk suggested in a Tweet that the company is ready for the launch and said, “FAA approval is the schedule driver.”

Super Heavy launches

Illustration of SpaceX Starship on the MoonPhoto: SpaceX

In May Starship completed its latest high-altitude flight tests, but the upcoming launch next year would push those boundaries further into orbit.

The Starship capsule and the Super Heavy rocket that propels it to space are already scheduled for crewed missions. Earlier this year, NASA selected SpaceX’s Starship/ Super Heavy rocket to take the first crewed mission to the moon since the Apollo 17 mission in 1972.

NASA’s Artemis programme intends to carry the first woman astronaut and first person of colour to the lunar surface.

Upcoming launches

SpaceX is busy to start the new year. In January alone it has three launches to send more satellites into orbit for its Starlink programme as well as satellites for governmental agencies including the Italian space agency.

SpaceX also expects to launch its sixth and seventh crewed flights to the international space station on its Falcon 9 rocket in the first half of the year.

Read more: SpaceX to double its $100bn valuation if satellite internet takes off

What You Need to Know

The week ahead update on major market events in your inbox every week. Subscribe
The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?


Join the 427.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account

2. Make your first deposit

3. You’re all set. Start trading