The Daily Broadcast: Canada Pivots to the Moon While SpaceX Launches Tomorrow and Eyes Wall Street

The Daily Broadcast: Canada Pivots to the Moon While SpaceX Launches Tomorrow and Eyes Wall Street

Canada Must Race into Lunar Surface Robotics, Says Former NASA Economist

Speaking at the Space Canada Horizons conference at Canadian Space Agency headquarters in Longueuil, Québec, on May 20, Alex MacDonald—former NASA Chief Economist and a dual Canadian-U.S. citizen—delivered an urgent message to Canada’s space sector: adapt now or fall behind. With NASA abandoning the Lunar Gateway Program after its recent “Ignition” strategic shift, Canadarm3 has been left on indefinite pause, leaving Canada at a crossroads.

MacDonald, who spent approximately 17 years at NASA before December 2024 and is currently a candidate to replace Lisa Campbell as President of the CSA, laid out a clear path forward. “NASA no longer has a clear near-term use for the Canadarm3,” he stated. “We need to rapidly pivot away from our gateway activities and focus immediately and with urgency on lunar surface robotics.”

The case is compelling. Canada’s Lunar Utility Vehicle has already secured a spot in Phase 3 of NASA’s new Moon base architecture, but MacDonald stressed that earlier integration is critical. He recommended immediate action on three fronts: purchasing or negotiating two to three rides on Commercial Lunar Payload Services (CLPS) landers for 2027–2028 testing; integrating Canadian robotics as the primary unloading mechanism for large infrastructure payloads; and accelerating the down-select process for two Lunar Utility Vehicle teams on a highly compressed timeline.

Beyond traditional robotic strength, MacDonald identified emerging sectors where Canada could establish foundational roles: space nuclear power (leveraging Canada’s uranium reserves and CANDU reactor heritage), space medical systems, and space agricultural systems drawing on Nunavut-based research like the Narvik project. The window, he emphasized, is extremely tight. “If Canada can respond this spring and summer to the challenge of urgency laid out by NASA, then we can demonstrate that not only were we excellent partners on Artemis II, but that we fully intend to keep up with our American colleagues,” he concluded.

Starship Flight 12 Launches Tomorrow: Block 3 Era Begins

While Canada reckons with its lunar pivot, SpaceX is poised for a watershed moment. Starship Flight 12 is scheduled to launch no earlier than Thursday, May 21, at 5:30 pm CDT from Pad 2 at Starbase, Texas—tomorrow morning from an East Coast perspective. This flight marks the debut of Block 3 architecture and introduces three revolutionary systems: a completely redesigned launch pad, the new Super Heavy Block 3 booster, and the next-generation Raptor 3 engine.

Ship 39 and Booster 19 stacked on Pad 2

The new Pad 2 represents a clean-sheet redesign compared to its predecessor. Rather than six legs with 360-degree exhaust, it directs the exhaust through a pair of openings via a flame trench and water deflector system. The upgraded tank farm now includes four pumps per propellant (compared to one previously), reducing the overall fuel loading time to just 36 minutes and 43 seconds—nearly as fast as Falcon 9.

Booster 19 embodies the lessons learned across seven years of Starship development. The Block 3 design features an integrated hotstage ring and truss, three grid fins instead of the previous configuration, and a completely redesigned aft section. Ship 39 relocates its common and aft domes to accommodate more propellant and introduces drogue docking ports and a thoroughly overhauled Reaction Control System.

But the headline innovation is Raptor 3. This engine represents a major leap forward, with sea-level variants starting at 250 tonnes of thrust (headed toward 280 tonnes) and vacuum engines at 275 tonnes. SpaceX eliminated turbopump flanges, simplified manufacturing, and adopted an entirely new acoustic igniter system that requires no moving parts or electrical spark. Raptor 3 also switched from helium or nitrogen spin-up gases to gaseous oxygen and methane, reducing overall engine weight from 1,630 kg to 1,525 kg and saving about 907 kg per engine on the vehicle itself due to deleted shielding.

Flight 12 will deploy 22 satellites—20 dummy payloads plus two modified Starlinks equipped to photograph Ship 39’s heat shield before re-entry. SpaceX will perform a Raptor relight demonstration with Raptor 3 for the first time and conduct experimental maneuvers to simulate a booster catch trajectory. The booster will splash down in the Gulf (no catch attempt yet), and Ship 39 will land in the Indian Ocean after completing dynamic banking manoeuvres during re-entry. Mission duration is expected to be approximately 1 hour and 5 minutes. Launch windows exist on May 21 and May 22; if delays occur, the next opportunity is May 26, as May 23–25 fall on Memorial Day weekend.

SpaceX Files for IPO, Reveals Ambitions Beyond Launch

In a separate bombshell, SpaceX filed a 400-page S-1 document with the U.S. Securities and Exchange Commission on May 20, paving the way for an initial public offering as early as June 12, 2026. The filing pulls back the curtain on a company that has operated in private since its 2002 founding, revealing both stellar achievements and ambitious bets on an uncertain future.

The numbers are striking. SpaceX reported revenues of $18.67 billion in 2025, up from $14.02 billion the prior year. However, the company posted a loss of $4.94 billion in 2025, largely due to spending on artificial intelligence development—a swing from a small profit in 2024. Elon Musk will retain 85.1 per cent of combined voting power post-IPO and serve as CEO and chairman. His 2025 salary was $54,080 (pegged to California’s exempt minimum); by contrast, Gwynne Shotwell, president and COO, earned $1.08 million in salary plus $85.8 million in total compensation including stock awards.

The filing claims SpaceX is pursuing a “total addressable market” of $28.5 trillion—the largest in human history, according to company statements. Of that, only about $2 trillion is directly space or Starlink related; the remaining $26.5 trillion is projected to come from AI, primarily enterprise applications. SpaceX asserts it is “the only company with a commercially viable path to building orbital AI compute at scale,” and plans to launch 100 gigawatts of compute to space annually, with orbital AI deployment expected as early as 2028.

On the core space business, SpaceX reiterated its target to reduce the price per kilogram to orbit via Starship to at least $185 and plans to begin launching Version 3 Starlink satellites in the second half of 2026—contingent on continued successful test flights. The filing acknowledges significant work remains: “Solving these challenges will require developing solutions that are novel or untested and will require substantial capital investment.”

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