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groupe-weck.com

Investments

1

About WECK

WECK specializes in the energy renovation of buildings. The company was founded in 1980 and is based in Marmande, France.

Headquarters Location

4 Rue Thomas Edison

Marmande, 47200,

France

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Latest WECK News

Elon Musk wants SpaceX's biggest rocket ready to launch in July, but experts say he may not get his wish

Jun 26, 2022

Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Elon Musk aims to get SpaceX's massive Starship rocket into orbit for the first time next month in a launch he hopes will revolutionize the space industry. After the Federal Aviation Administration (FAA) last week concluded its environmental review into SpaceX's Texas launch site plans, the billionaire said his company will have Starship ready to fly next month . Starship is a fully reusable rocket that SpaceX wants to send to the Earth's orbit and outer space. Launching the 120-meter vehicle would take NASA a step closer to returning to the Moon and allow Musk to achieve his dream of building a colony on Mars . Even though the FAA found no significant environmental impact with SpaceX's launch site in Boca Chica, the company still has to take more than 75 actions listed in the agency's 43-page review . With July just days away, experts in the space industry aren't convinced Starship will be ready to launch by then. Greg Autry, a commercial space industry expert, told Insider that many of the FAA's 75 terms are "very trivial, non-engineering requirements" that can be completed at the same time as others. But he said Musk assumes everyone doing the job is a clone of himself, or someone who is "a genius that basically never stops working. I would bet late July is technically possible, but I'd put my own money on August or September." Musk's timelines are always too optimistic, Autry added, something which the SpaceX CEO has admitted himself in the past. SpaceX and Musk have predicted various dates for the Starship launch. These included July and November last year, as well as January 2022 . Musk's latest prediction was made in February when he said he was confident that Starship would get into orbit this year. For Olivier de Weck, professor of engineering systems at Massachusetts Institute of Technology, it all comes down to two questions: can all the technical work be done before July, and does SpaceX have the launch permit? Like Autry, de Weck also said most of the FAA's 75 actions are relatively small, such as collecting rocket debris that falls and donating $5,000 to organizations that protect endangered birds of prey and ocelots. "My guess is that SpaceX is going to work on these [terms] in parallel because they have motivated, knowledgeable staff that work 80 hours a week," he said. "One week at SpaceX is like a month at a normal company." De Weck said he wasn't sure if SpaceX could complete all the work in July. "If it's not July, it's going to be this summer — maybe August, September," de Weck said, adding there's a 75% to 80% probability that the first Starship launch will happen this summer. Adam Baker, co-founder of UK Launch Services and an expert in rocket systems, picked up on the fact that Musk tweeted SpaceX will be ready to launch Starship to orbit in July, but not that it would actually do so. It first requires a launch license, he said, but the FAA was not likely to issue one until all 75 actions have been met. "Starship has the potential to change the way we do space travel, and that won't come without some environmental consequences, so there is a weighing up needed," Baker added. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications

WECK Investments

1 Investments

WECK has made 1 investments. Their latest investment was in Eldo as part of their Series A on May 5, 2022.

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WECK Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/2/2022

Series A

Eldo

$6.31M

Yes

1

Date

5/2/2022

Round

Series A

Company

Eldo

Amount

$6.31M

New?

Yes

Co-Investors

Sources

1

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