{"id":239173,"date":"2025-10-20T18:29:07","date_gmt":"2025-10-20T18:29:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/239173\/"},"modified":"2025-10-20T18:29:07","modified_gmt":"2025-10-20T18:29:07","slug":"transportation-secretary-says-spacex-is-falling-behind-on-moon-program-will-reopen-contracts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/239173\/","title":{"rendered":"Transportation Secretary Says SpaceX Is Falling Behind on Moon Program, Will Reopen Contracts"},"content":{"rendered":"

Transportation Secretary Sean Duffy, who is temporarily leading NASA, said on Monday that Elon Musk<\/a>\u2018s aerospace firm, SpaceX (PC:SPXEX)<\/a>, is falling behind schedule on the Artemis program, which is meant to return the U.S. to the moon. He explained that the government won\u2019t rely on only one company to meet its goals and plans to open the lunar landing contract to others. Speaking with CNBC, Duffy said that the U.S. needs to push forward quickly to win what he called \u201cthe second space race\u201d with China by getting back to the moon and building a long-term base.<\/p>\n

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It\u2019s worth mentioning that SpaceX was awarded the contract in 2021 to develop a lunar landing system for Artemis III, but both NASA and SpaceX have faced delays due to technical difficulties. For instance, SpaceX\u2019s eleventh Starship test earlier this month came after a series of failed attempts, while Firefly Aerospace\u2019s (FLY)<\/a> Alpha rocket exploded just last month<\/a>. As a result, the Artemis mission that will send astronauts around the moon is now scheduled for April 2026, with the landing moved to 2027. <\/p>\n

However, Duffy said that there is a chance the April launch could happen as early as February and hinted at including two companies to speed up progress. More specifically, he pointed to Blue Origin, Jeff Bezos\u2019 space firm, as a possible alternative or partner alongside SpaceX. Nevertheless, the ongoing government shutdown could complicate contract decisions, although NASA staff working with SpaceX and Blue Origin on Artemis remain active. <\/p>\n

What Is the Prediction for Tesla Stock?<\/p>\n

When it comes to Elon Musk\u2019s companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla\u00a0(TSLA)<\/a>.\u00a0Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 16 Buys, 13 Holds, and 10 Sells assigned in the past three months, as indicated by the graphic below.\u00a0Furthermore, the\u00a0average TSLA price target<\/a>\u00a0of $366.35 per share implies 17.2% downside risk.<\/p>\n

\"\"<\/a><\/p>\n

See more TSLA analyst ratings<\/a><\/p>\n

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