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A Trump administration influenced by Elon Musk could lead to a surge in privately funded space missions, the chief executive of a leading space firm has said.
Speaking to The National at the World Economic Forum gathering in Davos, Switzerland, Max Haot, chief executive of Vast Space, said he was hopeful that Mars could be reached in the coming years by SpaceX’s Starship rocket.
He spoke just hours before Mr Trump was inaugurated to begin his second four-year term as US president. Mr Haot also praised the UAE and Saudi Arabia for having two of the most advanced emerging space programmes in the world.
We would be honoured to have either the Kingdom or the Emirates as customers of ours. They would be perfect to potentially lead a mission
Max Haot,
Vast Space
“Trump specifically is really committed, with his relationship with Elon Musk, in getting the US obviously to the Moon for sure, to be the first, and to win in space,” Mr Haot said. “But we also expect that there might be an even greater focus on Mars, a major push on Mars.
"We’ll see what happens in the next few hours, days, weeks. From our point of view [there is] a lot of excitement on what’s to come. We definitely see there’s a chance, a step function in America’s leadership in space exploration that will come in the next four years."
Anna Hazlett, founder of AzurX, a UAE-based private advisory and investment firm specialising in the space sector, said the industry under a Trump administration would benefit the industry globally, not just in the US.
"The new US administration could really shake things up for the private space sector. We should see a stronger push for innovation, more streamlined regulations and a bigger emphasis on public-private partnerships,” said Ms Hazlett, whose company has worked with clients like Blue Origin, the space company run by Jeff Bezos, the Amazon founder.
“This is a chance for private companies to step up and play a leading role in shaping the future of the space economy, not just for the US but globally. It’ll be exciting to see how this evolves in the coming months. I know the United Arab Emirates and Saudi Arabia are preparing for increased interest from US companies looking to localise and this in turn will support the growth of these emerging space markets.”
Mr Musk, who has been recruited by Mr Trump to spearhead a drive to improve government efficiency, has previously said that an uncrewed mission to Mars using SpaceX’s Starship rocket could take place as early as 2026, with crewed missions potentially following in subsequent years. The technology to achieve missions to Mars “is here”, Mr Haot said, and it was now a question of “focus and execution”.
“I’m expecting it to last hopefully for the benefit of humanity and make us multi-planetary, get us to Mars maybe by the end of the term. It’s a very ambitious goal. It might happen, it might not,” he said.
However, the Starship programme – the rocket is described as the largest and most powerful space rocket ever – suffered a setback when one exploded after taking off on a test flight last Thursday. The programme has been grounded while investigations take place.
Founded in 2021 and based in California, Vast is an important partner of SpaceX and is one of the leading space companies to have emerged as Nasa looks to transfer low-Earth orbit operations to the private sector. In 2023 Vast announced plans for the world’s first commercial space station, Haven-1, which is currently under construction and could be launched on a SpaceX Falcon 9 rocket as early as this year.
The aim is that soon after Haven-1 is launched, the first human spaceflight to it would take place on a SpaceX Dragon spacecraft. Seats on the first crewed flight to the station are to be made available for sale, and Mr Musk’s company will provide training for astronauts selected.
Mr Haot said that the prospect of the transition from existing space stations – the International Space Station (ISS) and China’s Tiangong space station – run by government-allied organisations, to commercial space stations, is what “excites us”.
'Racing to launch'
“We’re developing and launching the world’s first commercial space station and we are racing to launch before the end of the year. We will be the first ever to have a commercial space station,” Mr Haot said. “And we also believe that we can do it a lot faster and a lot cheaper through iterative and vertically integrated engineering.”
In December, Vast announced that if it was selected by Nasa, a SpaceX Falcon 9 rocket would launch two Dragon spacecraft missions to the ISS, supporting Nasa’s aim for there to be more private astronaut missions (PAMs). Nasa has said PAMs are critical to supporting future low-Earth orbit commercial space stations, and Vast’s missions would be the fifth and sixth PAMs to take place.
Mr Haot said that Vast wanted to work with “sovereign astronauts” who may or may not be allied to nations that until now had been involved with ISS missions. “This is more a commercial approach where these nations can work with us and basically buy a ticket to the station to do important science,” he said. “That’s the number-one priority – enabling nations that want to go more, or that have never gone to the ISS, [to have] that opportunity.”
Self-funded missions, UAE and Saudi Arabia
He said that Vast also wanted to work with private self-funded individuals keen to visit the ISS, although he added that he disliked the term "space tourism". Potentially one astronaut on each upcoming mission could be such a private customer.
“We’re going to the commercialisation of the space station. If you look at the market, who can be our customers and our partners?” he said. “Clearly everyone that’s already involved in the ISS – obviously Nasa and the United States, Canada, Japan and Europe, but the Middle East and … the Emirates and Saudi Arabia I would say are the biggest market outside the traditional ISS players.”
Mr Haot said that the UAE and Saudi Arabia appeared to have “the most advanced” emerging space programmes and he had been impressed by their activities so far and their “amazingly trained astronaut corps”.
“We also see the region as a key market for partnership outside again of the original ISS partners. We’re very invested in building the relationships with the key players in the region,” Mr Haot said. “So we would be honoured to have either the kingdom … or the Emirates as customers of ours.
"They would be perfect to potentially lead a mission to one of the world’s first commercial space stations. More to be seen in the future, but certainly on our side, it’s our goal to be partners within the region.”
Additional reporting by Daniel Bardsley and Sarwat Nasir
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
500 People from Gaza enter France
115 Special programme for artists
25 Evacuation of injured and sick
India Test squad
Virat Kohli (c), Mayank Agarwal, Rohit Sharma, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Rishabh Pant (wk), Wriddhiman Saha (wk), Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill
Women's Prize for Fiction shortlist
The Silence of the Girls by Pat Barker
My Sister, the Serial Killer by Oyinkan Braithwaite
Milkman by Anna Burns
Ordinary People by Diana Evans
An American Marriage by Tayari Jones
Circe by Madeline Miller
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.
Personal motto: Believe it and you can achieve it.
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
MATCH INFO
Uefa Champions League quarter-final (first-leg score):
Juventus (1) v Ajax (1), Tuesday, 11pm UAE
Match will be shown on BeIN Sports
The fake news generation
288,000 – the number of posts reported as hate speech that were deleted by Facebook globally each month in May and June this year
11% – the number of Americans who said they trusted the news they read on Snapchat as of June 2017, according to Statista. Over a quarter stated that they ‘rarely trusted’ the news they read on social media in general
31% - the number of young people in the US aged between 10 and 18 who said they had shared a news story online in the last six months that they later found out was wrong or inaccurate
63% - percentage of Arab nationals who said they get their news from social media every single day.
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Biography
Favourite drink: Must have karak chai and Chinese tea every day
Favourite non-Chinese food: Arabic sweets and Indian puri, small round bread of wheat flour
Favourite Chinese dish: Spicy boiled fish or anything cooked by her mother because of its flavour
Best vacation: Returning home to China
Music interests: Enjoys playing the zheng, a string musical instrument
Enjoys reading: Chinese novels, romantic comedies, reading up on business trends, government policy changes
Favourite book: Chairman Mao Zedong’s poems
LA LIGA FIXTURES
Saturday (All UAE kick-off times)
Valencia v Atletico Madrid (midnight)
Mallorca v Alaves (4pm)
Barcelona v Getafe (7pm)
Villarreal v Levante (9.30pm)
Sunday
Granada v Real Volladolid (midnight)
Sevilla v Espanyol (3pm)
Leganes v Real Betis (5pm)
Eibar v Real Sociedad (7pm)
Athletic Bilbao v Osasuna (9.30pm)
Monday
Real Madrid v Celta Vigo (midnight)
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now