Sunday Supplement: The Man Who Bought the Solar System

Nov 08, 2026 4:07 PM
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Sunday Supplement: The Man Who Bought the Solar System
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Yeah, I either missed last week, or this is a really late Sunday Supplement. Lots of things came up — a fair bit of news, and talking people off metaphorical ledges — but this week's is longer.

Sagan was right. We are made of stars.

I think the L5 Society used the slogan "Space Is a Place" in the past. It is, but it's a different place.

What has fascinated and appalled me for years is how people fought wildly, and inaccurately, against fission power, going back before Three Mile Island. (“Atomkraft? Nein, Danke!” was a popular slogan in Germany when I lived there in 1981–82. Germany is paying the price today.)

Things are looking up, however. Modular nuclear reactors are coming.

And uranium looks like it will be extracted from sea water economically.

Flying diamonds. I don't know what it's good for, but it's cool.

Lots of fun space stuff this week.

In Robert A. Heinlein's The Rolling Stones (1952), the Stone family performs a "gravity well maneuver", using a burn after departing the Moon and falling toward the Earth. Here's the description.

A gravity-well maneuver involves what appears to be a contradiction in the law of conservation of energy. A ship leaving the Moon or a space station for some distant planet can go faster on less fuel by dropping first toward Earth, then performing her principal acceleration while as close to Earth as possible. To be sure, a ship gains kinetic energy (speed) in falling towards Earth, but one would expect that she would lose exactly the same amount of kinetic energy as she coasted away from Earth.  

The trick lies in the fact that the reactive mass or ‘fuel’ is itself *mass* and as such has potential energy of position when the ship leaves the Moon. The reactive mass used in accelerating near Earth (that is to say, at the bottom of the gravity well) has lost its energy of position by falling down the gravity well. That energy has to go somewhere, and so it does—into the ship, as kinetic energy. The ship ends up going faster for the same force and duration of thrust than she possibly could by departing directly from the Moon or from a space station. The mathematics of this is somewhat baffling—but it works.

It’s less baffling than it seems, I think. The reaction mass that you carried toward Earth is left behind. That kinetic energy has to go somewhere. As well as “gravity well maneuver,” it’s known as the “Oberth maneuver,” named for one of the first space scientists, Hermann Oberth, who described it.

In any case, the ESCAPADE mission is using an Oberth maneuver to send two probes on to Mars.

It has also used the Earth-Sun L2 Lagrange point to park while waiting for its transfer window. We talked about Lagrange points in a previous Sunday Supplement.

Related: Sunday Supplement: Nancy Grace Roman Edition

And now, I’m sure you’ve been waiting for this since you read the headline with bated breath (not “baited,” look it up. I’m not fishing for comments.)

Planned for next Friday, Friday the 13th, but I’m not superstitious, even though Apollo 13 launched at 13:13 Houston time and had its explosion on April 13, after the crew said, “Okay, Houston, we’ve had a problem here,” is SpaceX’s Starship Flight 15, which, with some luck, will be the first mission ever to catch both booster and second stage for reuse.

Related: Another Day, Another World-Changing Milestone From SpaceX, SpaceX 'Failure' Makes Big Bank — $200 Million in the First Year

We've talked about this here before. In the "Failure Makes Big Bank" piece, I ran the numbers and we saw that with just a half-load of Starlink v3 and treating the whole vehicle as a NASA style expendable, SpaceX was looking to make about $200 million in profit in the first year.

Now let's look at what happens with full reuse. Still conservative assumptions, only half-load of Starlink v3.

Starship Flight 15: Dual-Catch Reuse Economics

NET 13 November 2026 · Booster 22 + Ship 42 (Block 3). Planned: 26 Starlink V3 satellites (~50 t / ~26 Tbps) and the first dual tower catch of both stages.

Assumption for these tables: both stages are successfully caught and later reused. Revenue is unchanged from the Flight 14 fleet-yield calculation. Figures are reconstructions, not SpaceX invoices.

Revenue (unchanged)

Item

Figure

Payload

26 Starlink V3s

Nameplate capacity

~26 Tbps (1 Tbps downlink each)

Fleet-yield revenue

~$490–500 million per year

5-year life, undiscounted

~$2.5 billion

Yield basis: ~$19 million per installed Tbps per year (ARK/Korus 2025 fleet average). Not 24/7 dedicated sold capacity.

Cost: Flight 14 expendable vs Flight 15 dual-catch assumption

Line

Flight 14 (expendable, as flown)

Flight 15 (caught & reused)

Super Heavy + Ship (build)

~$250M written off

Not charged in full. Amortized over future flights, or treated as recovered capital

Mission ops / range

~$5.6M

~$5–10M (longer mission, dual recovery)

Propellant

~$1.5–3.5M

~$1.5–3.5M

26 V3 satellites (~$1.2M each)

~$31M

~$31M

Early refurb / inspection (first V3 dual catch)

—

~$10–30M (tiles, engines, inspections — high early)

Cash / near-term cost of this flight

~$290M

~$50–75M

Hardware amortized (e.g. 5–10 flights)

—

+~$25–50M

All-in cost attributed to this flight

~$290M

~$75–125M

Mature dual-reuse target (Musk)

—

~$10M + satellites

Sources: Mach33 Flight 14 stack assignment (~$250M); Payload ~$90M full-stack manufacturing estimate; propellant ~$0.9–2.5M; Musk long-term ~$10M (or lower) per-flight target once both stages are caught and reflown with light refurbishment.

Comparison to the ~$500M/year payload


Flight 14 expendable

Flight 15 dual-catch assumption

Cost of the flight

~$290M

~$50–125M (depending on hardware amortization)

Years of filled revenue to cover the flight

~0.6 years

~0.1–0.25 years

Years of ~60% EBITDA to cover the flight

~1 year

a few months

5-year sat revenue vs flight cost

~8–9×

~20–50×

Notes

The big swing is simply not writing off the stack. Even a conservative early-reuse number (propellant + ops + satellites + substantial first-recovery refurb + some amortization) is still well under $150 million.

The satellites remain the largest single cash item on a successful dual-catch flight.

This is still an early recovery. Real refurbishment cost on the first V3 booster catch and first ship catch will be higher than mature airline-like numbers. The $10 million target assumes both stages are caught routinely and need little work between flights.

Payload is the same partial load (26 of a possible ~60 V3s). Filling the bay later improves the math further, but is not assumed here.

Bottom line: Same ~$500 million/year payload. The difference is that a successful dual catch turns a ~$290 million expendable ticket into something in the $50–125 million range for this flight. The satellites still dominate the remaining cost, and one year of fleet-yield revenue covers the flight many times over.

As D. D. Harriman famously said, "It’s raining soup; grab yourself a bucket." 

And that's it for this week. As always, watch for new Sky Candy on Friday, and a new Sunday Supplement in a week.

Honest.

YouTube Recommendations This Week


These are a little long — more about black holes than you may have ever wanted to know. Unlike a lot of YouTube "science" videos with clickbaitish title, Matt O'Dowd is scientifically reliable and not over-excitable.

News Topics ENERGY | SCIENCE | SPACE | SPACEX | YOUTUBE

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