Michael Sheetz
Michael Sheetz
Space Reporter @CNBC | DM for Signal | pitches michael.sheetz@nbcuni.com | formerly @DJNF @ESTribune | alumnus @TheKingsCollegeSource
Brooklyn, New York
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What rising interest rates mean for the cluster of newly public space stocks

What rising interest rates mean for the cluster of newly public space stocks

The past year saw a flurry of space companies go public through SPAC mergers, giving investors new options to trade the growing industry. But the beginning of 2022 has not been kind to the stocks of many newly public space companies, with several down 20% or more in the first two weeks of the year. Technology and growth stocks – especially companies whose profitability is years away, as is the case with several space ventures – have been hit hard. The Federal Reserve expects at least three interest rate hikes this year. These high-growth stocks are being punished because rising interest...

Jan 15
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Bezos' Blue Origin protests NASA awarding astronaut lunar lander contract to Musk's SpaceX

Bezos' Blue Origin protests NASA awarding astronaut lunar lander contract to Musk's SpaceX

Key Points' Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency's award of a nearly $3 billion moon lander contract to SpaceX earlier this month.SpaceX, in a competition against Blue Origin and ' subsidiary Dynetics, was . The HLS program is focused on building a lunar lander that can carry astronauts to the moon's surface under NASA's Artemis missions. For HLS, SpaceX bid a variation of its NASA was previously expected to choose two of the three teams to competitively build lunar landers, making the sole selection of...

April 26, 2021
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Elon Musk wants SpaceX to reach Mars so humanity is not a 'single-planet species'

Elon Musk wants SpaceX to reach Mars so humanity is not a 'single-planet species'

Key PointsSpaceX founder and CEO remains focused on his vision for the company: Establishing a permanent human presence on Mars, with its Starship rockets carrying people to and from the red planet."We don't want to be one of those single planet species, we want to be a multi-planet species," Musk said on Friday, speaking after  to orbit.SpaceX launches more astronauts into space for NASA"It's been now almost half a century since humans were last on the moon. That's too long, we need to get back there and have a permanent base on the moon — again, like a big permanently occupied base on the...

April 23, 2021
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Elon Musk's SpaceX beats Bezos' Blue Origin in NASA contest to build astronaut lunar lander

Elon Musk's SpaceX beats Bezos' Blue Origin in NASA contest to build astronaut lunar lander

Key Points SpaceX beat out teams led by Blue Origin and subsidiary Dynetics to win a nearly $3 billion contract to build NASA's next crewed lunar lander."It is one more step, in an exciting group of steps, that will get us to a sustainable human landing system to the moon," Kathy Lueders, the leader of NASA's human spaceflight program, said in the agency's announcement.SpaceX's contract is worth $2.89 billion. SpaceX's win on Friday.SpaceX wins contract for spacecraft to land astronauts on moon: WaPoNASA to begin work on the lunar lander concepts under its Human Landing Systems, or HLS,...

April 16, 2021
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What early users of SpaceX's Starlink satellite internet think about the service, speed and more

What early users of SpaceX's Starlink satellite internet think about the service, speed and more

Key Points SpaceX rolled out its Starlink early access program to the public six months ago, with the satellite internet service growing to more than 10,000 users in the first few months.To get real-life first impressions of the service, CNBC spoke to more than 50 people who have been using Starlink. Those surveyed included households in Canada and 13 U.S. states: California, Colorado, Idaho, Iowa, Maine, Michigan, Minnesota, Montana, Ohio, Oregon, Washington, Wisconsin and Wyoming.The majority of these Starlink users are in rural or remote areas, such as farmland or wilderness, with...

April 15, 2021
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Northrop Grumman robotic MEV-2 spacecraft, in a first, catches active Intelsat satellite

Northrop Grumman robotic MEV-2 spacecraft, in a first, catches active Intelsat satellite

Key PointsTwo aerospace firms accomplished an industry first on Monday, as a small Northrop Grumman spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life.Intelsat's IS-10-02 satellite is nearly 18 years old, and operating well past its expected lifespan, but the Northrop Grumman-built spacecraft called MEV-2 will add another five years of life to IS-10-02, essentially re-fueling the satellite and giving it a new engine for control.The companies hit a milestone in the growing business of servicing satellites while in space."Today's successful...

April 12, 2021
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Virgin Galactic unveils 'VSS Imagine,' the first of its next-generation spaceship series

Virgin Galactic unveils 'VSS Imagine,' the first of its next-generation spaceship series

Key PointsIn this article on Tuesday unveiled the latest spacecraft addition to its fleet, VSS Imagine, with the spacecraft representing the first of its next-generation SpaceShip III class of vehicles.The rollout of VSS Imagine gives the space tourism company a second spacecraft to begin testing, as Virgin Galactic continues to work through final development testing of VSS Unity, with its next spaceflight test expected in May."For us to make the business start to scale, at the places that we're aspiring towards, we need two things: We need many more ships than we have right now and we also...

March 30, 2021
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NASA wants companies to develop and build new space stations, with up to $400 million up for grabs

NASA wants companies to develop and build new space stations, with up to $400 million up for grabs

Key PointsIn this articleThe National Aeronautics and Space Administration last year marked two decades of astronauts continuously onboard the International Space Station. But, as the floating research laboratory ages, the space agency is turning to private companies to build and deploy new free flying habitats in low Earth orbit.NASA this past week unveiled the Commercial LEO Destinations (CLD) project, with plans to award up to $400 million in total to as many as four companies in the fourth quarter of 2021 to begin development on private space stations.The agency is seeking to replicate...

March 27, 2021
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Satellite imagery shows work underway to free ship Ever Given in the Suez Canal

Satellite imagery shows work underway to free ship Ever Given in the Suez Canal

Key PointsIn this articleSatellite images give a unique vantage point of the stuck ship Ever Given, as crews work to free the mega container vessel that's been blocking the Suez Canal for four days.' WorldView-2 satellite captured high-resolution images on Friday morning, with a close-up look at the dredging operations underway to free the ship. The Ever Given, which is operated by Taiwanese shipping company Evergreen Marine, has been stuck since Tuesday, when the ship ran aground during the heavy winds and low visibility of a sandstorm.Shipping operators the Ever Given. The enormous cargo...

March 26, 2021
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After his Virgin Galactic spaceflight, Richard Branson now hopes to fly with Elon Musk's SpaceX

After his Virgin Galactic spaceflight, Richard Branson now hopes to fly with Elon Musk's SpaceX

Sir Richard Branson, less than a year after reaching space with Virgin Galactic, hopes to next trade flights with Elon Musk and fly with SpaceX. “Hopefully, I’ll be able to go up on one of his spaceships one day, and he’ll be able to go up on one of ours,” Branson told CNBC on Tuesday. Branson achieved his dream of reaching space in July 2021, nearly two decades after he founded Virgin Galactic. The Federal Aviation Administration on Tuesday honored the first-time astronauts of Virgin Galactic’s Unity 22 flight crew – Branson, Sirisha Bandla and Colin Bennett – with wings, recognizing...

Apr 6
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