SpaceX's first orbital Starship SN20 is stacked atop its massive Super Heavy Booster 4 at the company's Starbase facility near Boca Chica Village in South Texas. AFP
SpaceX's first orbital Starship SN20 is stacked atop its massive Super Heavy Booster 4 at the company's Starbase facility near Boca Chica Village in South Texas. AFP
SpaceX's first orbital Starship SN20 is stacked atop its massive Super Heavy Booster 4 at the company's Starbase facility near Boca Chica Village in South Texas. AFP
SpaceX's first orbital Starship SN20 is stacked atop its massive Super Heavy Booster 4 at the company's Starbase facility near Boca Chica Village in South Texas. AFP

Elon Musk says SpaceX rocket could shuttle passengers and cargo between countries


Patrick deHahn
  • English
  • Arabic

Elon Musk on Thursday unveiled his latest plans for the SpaceX Starship, saying the world's biggest rocket will fly to space weekly this year, and set a goal of multiple Starships blasting off several times a day in the not-too-distant future.

Mr Musk, addressing a crowd of fans, journalists and SpaceX workers at his company's Starbase facility in south Texas, said the cost of rocket launches was diminishing to the point where rockets can compete with commercial airliners for long-distance travel across the Earth.

"There is a scenario where it's economically compelling to do long-distance cargo and and people transport," Mr Musk said on an outdoor stage with the gleaming, 120-metre silver rocket behind him.

Nothing is "faster than, you know, an ICBM," he added.

The world's richest man started his presentation — the first Starship update in two years — by reiterating his dream of making humankind a multi-planetary species, first by establishing a base on Mars before ultimately exploring outside our solar system.

"Why build a giant, reusable rocket? Why make life multiplanetary?" Mr Musk said.

"This is just an incredibly important thing for the future of life itself," he continued, pointing to the possibility of natural disaster or humanity self-destructing as the reason people -- and animals and plants -- should live off planet.

“We are life’s stewards, life’s guardians, you know, the the creatures that we love cannot they can’t build spaceships, but we can and we can bring them with us," he said.

The Starship is designed to be a reusable spacecraft that can carry either 100 metric tonnes or 100 passengers to the Earth's orbit, and potentially beyond.

Mr Musk said the increased payload could eventually see the Starship carry 150 tonnes.

He also expanded on how SpaceX has worked on a reusable heat shield and orbital refilling capsules for the rocket.

"People will be pretty fired up about a super exciting future ahead," he said as he described plans to build orbiting rocket refuelling platforms.

"There probably be a few bumps in the road, you know, but we want to iron those out with satellite missions and test missions and get to high flight rates, something that's extremely reliable for for human spaceflight."

The prototype's journey has been rocky with its several suborbital test flights — some resulting in explosions — until SpaceX completed a successful Starship flight and landing in May 2021.

"It's insanely hard to get a rocket to orbit, insanely difficult," he said. "I have huge respect for anyone who's because dropping a rock to orbit. It's so hard and we've had 144 successful launches, 106 landings."

Mr Musk only briefly previewed upcoming trips to the moon, Mars and other space missions such as orbital test flights, but said there will be "some future announcements".

The chief executive and founder of SpaceX has shared his hopes for an orbital test flight, but Mr Musk's plans await the Federal Aviation Administration's approval, which the agency says may come as early as February 28.

"Orbital flight is really just the beginning," he declared.

Mr Musk, however, has already sold a flight around the Moon for 2023, with Japanese billionaire Yusaku Maezawa as a passenger.

Nasa is also contracted with SpaceX for an astronaut-crewed Moon mission — a win for Mr Musk after he edged out a bid by Jeff Bezos's Blue Origin.

"SpaceX is just deeply honoured and appreciative that that NASA would would choose us for for this incredibly important mission," he shared. "And we'll get it done."

Fans gathered near Starbase to catch a glimpse of the rocket.

Bloomberg News reported media, company employees and fans took over hotels in the nearest city, Brownsville, and emptied rental cars at the municipal airport.

"I really just like to congratulate the SpaceX team," Mr Musk said. "And and also thank NASA, the FAA the Space Force, and everyone and all of our customers that have helped us get to this point."

SpaceX's Starbase facility near Boca Chica Village in South Texas on Thursday. AFP
SpaceX's Starbase facility near Boca Chica Village in South Texas on Thursday. AFP
GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Updated: April 27, 2022, 1:38 PM