SpaceX eyes global spaceports as Starship launch ambitions grow ahead of IPO


FILE PHOTO: SpaceX's Elon Musk gives an update on the company's Mars rocket Starship in Boca Chica, Texas U.S. September 28, 2019. REUTERS/Callaghan O'Hare/File Photo

May 12 (Reuters) - SpaceX is ⁠scouting potential U.S. and overseas locations to build "spaceports", CEO Elon Musk ⁠said in a post on X on Tuesday, as the ‌company prepares for a future in which its massive Starship rocket could launch thousands of times a year.

Unlike traditional expendable rockets, Starship is designed for rapid reuse with minimal ​refurbishment, a capability SpaceX says is essential ⁠for lowering launch costs and ⁠enabling thousands of flights annually.

The fully reusable rocket system, designed to carry ⁠more ‌than 100 metric tons of cargo, is central to Musk's long-term plans for Mars colonization, satellite deployment and rapid global transportation.

"It's ⁠no secret that we intend to launch Starship ​a lot, targeting thousands ‌of flights per year," the company also said in a ⁠statement posted online, ​adding that such a cadence would require launches from "many different locations."

Musk had previously said future spaceports could operate more like airports, handling multiple launches a day ⁠with rapid rocket turnaround times.

SpaceX is targeting ​a June listing, which is expected to be the world's biggest initial public offering, as the rocket maker seeks to raise as much as $75 billion ⁠at a valuation of roughly $1.75 trillion, sources had earlier told Reuters.

It currently launches Starship test flights from its Starbase facility in Texas and is developing additional infrastructure in Florida. The expansion push comes as commercial ​launch activity surges globally, straining capacity at major ⁠launch sites.

SpaceX said Starship's twelfth test flight, scheduled as soon as May 19, ​would debut next-generation versions of the rocket, ‌Super Heavy booster and Raptor engines ​as it tests upgrades aimed at enabling full and rapid rocket reusability.

(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)

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