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SpaceX’s Unlikely Journey From Far-Out Idea to $2 Trillion Juggernaut

Elon Musk said he had initially given SpaceX less than a 10 percent chance of succeeding. His rocket company has come a long way.

© Andres Kudacki for The New York Times

A SpaceX ad on the Nasdaq MarketSite tower in Times Square. The company, which Elon Musk founded in 2002, began trading on the stock market on Friday.
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Eratosthenes: The Ancient Greek Who Measured the Earth More Than 2,000 Years Ago

earth eratosthenes circumference
The shuttle “Discovery” orbiting the Earth. Ancient Greek mathematician, Eratosthenes, measured the circumference of the Earth in antiquity. Credit: Public Domain

Ancient Greeks made some of the most impressive astronomical discoveries in history, including Eratosthenes’ calculation of the circumference of the Earth.

It wasn’t until the mid-20th century that we managed to launch satellites into space and determine the exact kilometers of the circumference of the Earth: 40,030.2 kilometers.

But how, then, could the ancient Greek mathematician, Eratosthenes, manage to find pretty much the exact same number without having any pictures of Earth from space or even proper measuring tools?

Amazingly, Eratosthenes didn’t have much more than a stick and his brain when he made the amazing discovery.

How Eratosthenes discovered the circumference of the Earth

Born in Cyrene, an ancient Greek colony in modern-day Libya in 276 BC, Eratosthenes was a polymath, meaning that he had vast knowledge of many different subjects, including mathematics, astronomy, music theory, and poetry.

Over two thousand years ago, Eratosthenes heard that in Syene, a town south of Alexandria in Egypt, no vertical shadows were cast at noon on the summer solstice, as the sun was directly overhead.

The Greek mathematician wondered if this was the case in Alexandria, too, a few hundreds of miles to the north of Syene.

He decided to conduct an experiment. On June 21st, he went to Alexandria and put a stick directly in the ground and waited to see if a shadow would be cast at noon.

It turns out there was one, and he tried to measure it. The shadow cast measured to about seven degrees.

After conducting the experiment, Eratosthenes came to a very logical conclusion that if the sun’s rays are coming in at the same angle at the same time of day and a stick in Alexandria casts a shadow of seven degrees while the stick in Syene does not cast a shadow at all, it must mean that the Earth’s surface is curved.

Carl Sagan, the American astronomer, author, and science communicator was renowned for making difficult scientific concepts understandable to the millions; he did exactly this at the beginning of his renowned series Cosmos by explaining the thought process of Eratosthenes.

His calculation

The idea of a spherical Earth was already known by Pythagoras around 500 BC and validated by Aristotle a few centuries later.

If the Ancient Greeks before him were right, and the Earth was a sphere, Eratosthenes could use his observations to calculate the circumference of our planet.

After hiring a man to pace the distance between Syene and Alexandria, he found out that the two cities were five thousand stadia apart, which is about eight hundred kilometers.

He could then use simple proportions to find the Earth’s circumference—7.2 degrees is 1/50 of 360 degrees, so 800 times 50 equals 40,000 kilometers.

And just like that, an ancient Greek calculated precisely the circumference of our entire planet with just a stick and his brain over two thousand years ago.

Eratosthenes accomplished many feats throughout his life, including the creation of a chronology of Greek history, an algorithm to find every prime number, and the first global projection of the Earth.

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Eratosthenes: The Ancient Greek Who Measured the Earth More Than 2,000 Years Ago

earth eratosthenes circumference
The shuttle “Discovery” orbiting the Earth. Ancient Greek mathematician, Eratosthenes, measured the circumference of the Earth in antiquity. Credit: Public Domain

Ancient Greeks made some of the most impressive astronomical discoveries in history, including Eratosthenes’ calculation of the circumference of the Earth.

It wasn’t until the mid-20th century that we managed to launch satellites into space and determine the exact kilometers of the circumference of the Earth: 40,030.2 kilometers.

But how, then, could the ancient Greek mathematician, Eratosthenes, manage to find pretty much the exact same number without having any pictures of Earth from space or even proper measuring tools?

Amazingly, Eratosthenes didn’t have much more than a stick and his brain when he made the amazing discovery.

How Eratosthenes discovered the circumference of the Earth

Born in Cyrene, an ancient Greek colony in modern-day Libya in 276 BC, Eratosthenes was a polymath, meaning that he had vast knowledge of many different subjects, including mathematics, astronomy, music theory, and poetry.

Over two thousand years ago, Eratosthenes heard that in Syene, a town south of Alexandria in Egypt, no vertical shadows were cast at noon on the summer solstice, as the sun was directly overhead.

The Greek mathematician wondered if this was the case in Alexandria, too, a few hundreds of miles to the north of Syene.

He decided to conduct an experiment. On June 21st, he went to Alexandria and put a stick directly in the ground and waited to see if a shadow would be cast at noon.

It turns out there was one, and he tried to measure it. The shadow cast measured to about seven degrees.

After conducting the experiment, Eratosthenes came to a very logical conclusion that if the sun’s rays are coming in at the same angle at the same time of day and a stick in Alexandria casts a shadow of seven degrees while the stick in Syene does not cast a shadow at all, it must mean that the Earth’s surface is curved.

Carl Sagan, the American astronomer, author, and science communicator was renowned for making difficult scientific concepts understandable to the millions; he did exactly this at the beginning of his renowned series Cosmos by explaining the thought process of Eratosthenes.

His calculation

The idea of a spherical Earth was already known by Pythagoras around 500 BC and validated by Aristotle a few centuries later.

If the Ancient Greeks before him were right, and the Earth was a sphere, Eratosthenes could use his observations to calculate the circumference of our planet.

After hiring a man to pace the distance between Syene and Alexandria, he found out that the two cities were five thousand stadia apart, which is about eight hundred kilometers.

He could then use simple proportions to find the Earth’s circumference—7.2 degrees is 1/50 of 360 degrees, so 800 times 50 equals 40,000 kilometers.

And just like that, an ancient Greek calculated precisely the circumference of our entire planet with just a stick and his brain over two thousand years ago.

Eratosthenes accomplished many feats throughout his life, including the creation of a chronology of Greek history, an algorithm to find every prime number, and the first global projection of the Earth.

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SpaceX IPO: How Our Reporters Assess the Sky-High Valuation and Potential Economic Impact

Two Times tech reporters and their editor talk about assessing the sky-high valuation of the rocket and satellite maker, the potential economic impact of its public debut and the role of the world’s richest man in it all.

© Eric Gay/Associated Press

Elon Musk’s rocket maker SpaceX set a price of $135 a share, which would value it at $1.77 trillion.
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SpaceX Finalizes IPO Price at $135 a Share in World’s Largest Public Offering

Elon Musk’s rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday.

© Mario Tama/Getty Images

SpaceX will begin trading publicly on Friday under the ticker symbol SPCX.
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Skeptics Question Whether SpaceX Is Worth $1.77 Trillion

Elon Musk’s rocket company is spending big and losing money. That has raised questions about whether it can justify its valuation for its blockbuster initial public offering.

© John Raoux/Associated Press

SpaceX has set an initial public offering price of $135 a share, which would value it at $1.77 trillion. Some investors are skeptical that the valuation is justified.
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How Tesla’s Stock Listing in 2010 Enabled SpaceX’s I.P.O.

Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.

© Brendan McDermid/Reuters

During Tesla’s initial public offering in 2010, Elon Musk, the company’s chief executive, said, “The smartest money in the world is betting on Tesla.”
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Antonio Gracias, Elon Musk’s Friend, Is Set to Reap Billions From SpaceX’s IPO

Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Mr. Musk’s ally.

© Jim Vondruska for The New York Times

Antonio Gracias, left, and Elon Musk at a political event in Green Bay, Wis., last spring. Mr. Gracias and his private equity firm control a $65 billion stake in SpaceX.
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SpaceX’s IPO Could Turn 4,400 Employees Into Millionaires

While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too.

© Chelsea Beck

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Meet the NASA Astronauts in the Artemis III 4-Person Crew

NASA’s next mission in its effort to return humans to the moon will be led by an all-male crew. Three of them have extensive experience in space, while the other was a backup on Artemis II.

© Ronaldo Schemidt/Agence France-Presse — Getty Images

The crew of Artemis III, from left: Commander Randy Bresnik; pilot Luca Parmitano of the European Space Agency; mission specialist Frank Rubio; and mission specialist Andre Douglas.
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Can NASA Really Land Astronauts on the Moon by 2028?

Experts have been hopeful, but say the agency’s lunar aspirations are largely at the whims of two billionaires, Elon Musk and Jeff Bezos.

© Blue Origin

An artist’s concept released by Blue Origin of its large, crew-carrying Mark 2 moon lander. Neither Blue Origin nor SpaceX, contracted by NASA, have completed development of a lunar lander.
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How Elon Musk’s Friendship With the F.C.C. Smooths the Way for SpaceX’s I.P.O.

Brendan Carr, the chairman of the Federal Communications Commission, has greenlighted regulatory requests for the company’s Starlink satellite internet service and lavished praise on its chief executive.

© Eric Lee for The New York Times

Brendan Carr, chairman of the Federal Communications Commission.
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