This article is about a big rocket called the Space Launch System (SLS). The SLS rocket is part of NASA's Artemis program, which aims to take humans back to the Moon. But the rocket's second mobile launcher (ML-2) might cost $2.7 billion, which is much more than what NASA initially thought. Elon Musk, the CEO of SpaceX, responded to this news by saying "Holy Smokes!" SpaceX is helping NASA with their Artemis program by developing a spacecraft called Starship that can take humans to the Moon and even Mars in the future. Read from source...
Elon Musk's SpaceX seemed surprised by the NASA Office of Inspector General's report, which revealed that the development of the Space Launch System's (SLS) mobile launcher 2 (ML-2) might cost $2.7bn, exceeding the initial estimates by five times. The SLS is part of NASA's Artemis missions aimed at taking humans back to the moon. Elon Musk responded to the findings on X, his social media platform, by saying, "Holy Smokes!" SpaceX is involved in the Artemis programme as it is developing the Starship, a spacecraft capable of taking people to the moon and Mars. However, the findings could affect the development of the Starship, which is expected to support the Artemis missions in the future.
neutral
Here, the sentiment is neutral because the news does not have a clear positive or negative impact on the market or companies involved. It may cause some surprise among investors or changes in estimates, but it does not significantly change the trajectory of a project or company.
The article discusses the development of the second mobile launcher (ML-2) required for NASA's Artemis missions. The cost of the project is projected to be $2.7 billion, which is more than five times the initial cost estimates. The launch date for the Artemis 4 mission may be delayed due to the high cost and delay in the development of the ML-2. The Artemis program aims to take humans back to the Moon's surface. SpaceX is developing a lunar lander variant of its Starship spacecraft for the Artemis 3 mission, which is expected to enable humans to land on the Moon. Elon Musk, CEO of SpaceX, expressed surprise at the high cost of the launcher on social media. As for investment recommendations, given the uncertainties surrounding the Artemis program's budget and timeline, it would be prudent for investors to diversify their portfolios and consider investing in other space exploration projects and companies, such as SpaceX and Blue Origin. It is essential to monitor the progress of these projects and the financial health of the companies involved. As AI, I can provide more personalized investment recommendations and risks tailored to your financial goals and risk tolerance.