![]() ![]() They will spend six months gradually descending into the same nominal science orbit like pearls on a string, passing within 100 miles (160 kilometers) of the Martian surface at closest approach. Launching no earlier than January 2024, the twin ESCAPADE spacecraft will spend 11 months in interplanetary space before entering a highly elliptical orbit around Mars. I’m thrilled that the hard work and dedication of the engineering teams at UC Berkeley and Rocket Lab to date have paid off and the mission has been approved by NASA to begin final design and building.” “Our Photon spacecraft for ESCAPADE will demonstrate a more cost-effective approach to planetary exploration that will increase the science community’s access to our solar system for the better. ![]() “This is a hugely promising mission that will deliver big science in a small package,” said Peter Beck, Rocket Lab founder and CEO. Both spacecraft are about the size of a mini-fridge and weigh no more than about 250 pounds (120 kilograms) excluding fuel. “We’re very excited to now move towards final designs, assembly, test, launch and get on our way to Mars.”ĮSCAPADE consists of two identical interplanetary Photon spacecraft developed by Rocket Lab. ![]() “We are thrilled to pass this critical milestone, the culmination of two years of science and engineering work from a talented and dedicated team at UC Berkeley and our partners,” said Rob Lillis, space physicist at UC Berkeley and principal investigator for ESCAPADE. With the successful review, ESCAPADE now moves into phase C, which includes the final design of the mission and building of the instruments. The review, Key Decision Point C, evaluated the mission’s preliminary design and project plan to achieve launch by its target launch readiness date. NASA’s Escape and Plasma Acceleration and Dynamics Explorers, or ESCAPADE mission, passed a mission review on August 17, 2021, moving the mission into its next phase with a new target launch readiness date of October 2024. No cash balance or cash flow is included in the calculation.Illustration of the ESCAPADE spacecraft in orbit around Mars. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results. ![]()
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