NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Trump plans to watch SpaceX launch in Texas, source says

Published 11/19/2024, 08:40 AM
Updated 11/19/2024, 08:55 AM
© Reuters. SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for launch at the company's Boca Chica launch pad in Brownsville, Texas, U.S., November 18, 2024. REUTERS/Joe Skipper/File Photo
TSLA
-

By Steve Holland and Joey Roulette

WEST PALM BEACH, Florida (Reuters) - U.S. President-elect Donald Trump is heading to Texas on Tuesday to attend a SpaceX rocket launch in person in a sign of his close ties with the company's billionaire founder and CEO Elon Musk.

A source familiar with the trip confirmed Trump's plans after the Federal Aviation Administration on Monday issued temporary flight restrictions for "VIP Movement" over Brownsville, Texas, a practice that usually precedes a high-profile visit.

Flight restrictions in place over Trump's oceanfront property in Palm Beach, Florida, will be lifted temporarily during the same timeframe.

The Trump transition team did not respond to a request for comment about the president-elect's plans.

A close friendship has developed between Trump and Musk, the Tesla (NASDAQ:TSLA) CEO and world's richest man, who founded SpaceX in 2002. Musk has emerged as a close adviser to Trump and has stayed a lengthy stretch at his Mar-a-Lago club in Palm Beach.

The launch will be SpaceX's sixth test flight to space for Starship, the company's next-generation rocket system at the center of Musk's goal to send humans and cargo to Mars.

© Reuters. SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for launch at the company's Boca Chica launch pad in Brownsville, Texas, U.S., November 18, 2024. REUTERS/Joe Skipper/File Photo

NASA plans to use Starship to land people on the moon this decade under its Artemis program, an effort that is expected to more heavily involve Mars missions and favor SpaceX and Musk's cosmic plans under Trump.

Using large arms attached to a launch tower, SpaceX will again try to catch Starship's 233 foot (71 metres)-tall first stage "Super Heavy" booster roughly 10 minutes after it lifts off, a novel reusability technique that intrigued Trump the first time SpaceX tried it in October.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.