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SpaceX to kick off October with two launches and landings in 48 hours

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SES-11 to be the last launch from LC-39A ahead of pad modifications for Falcon Heavy

After successfully weathering Hurricane Irma, SpaceX is preparing to remedy a slow month with three or even four launches in October.

Beginning on October 2nd, schedules have firmed up for the launch of SES-11 aboard a refurbished Falcon 9 first stage. SES, a Luxembourg-based satellite communications company, took the courageous and pioneering step of purchasing the first reused Falcon 9 for a commercial launch, culminating in the successful SES-10 mission in March 2017. Following that successful first reuse, SpaceX would later launch Bulgariasat-1 aboard a similarly-refurbished booster. SES-11 will become the third commercial reuse of an orbital rocket when it launches early next month from SpaceX’s LC-39A launch pad, and is currently expected to attempt a landing on a drone ship in the Atlantic Ocean.

If all goes as planned, SpaceX will launch a second Falcon 9 as few as 36 hours after the SES-11 mission, this time carrying the third batch of 10 Iridium NEXT satellites from Vandenberg Air Force Base, California. All ten satellites have arrived at SpaceX’s VAFB facilities and will be attached to the payload dispenser and later encapsulated inside Falcon 9’s payload fairing over the next two weeks. The Iridium-3 launch will also see the Falcon 9 first stage land aboard SpaceX’s second drone ship, and is bound to be reminiscent of the two back-to-back launches SpaceX conducted on both coasts earlier this summer.

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Iridum NEXT satellites being attached to the payload dispenser at SpaceX’s VAFB facilities. (Iridium)

Meanwhile, SpaceX has received an FCC license for first stage recovery activities beginning on October 14th, which meshes well with a scheduled launch date for KoreaSat-5, also 10/14. This date is dependent upon a number of variables that are currently hard to account for, and may slip further into October due to work expected to begin at the LC-39A pad after the launch of SES-11. Confirmed by Chris Bergin of NASASpaceflight.com, SpaceX is planning for SES-11 to be the last mission from the venerable launch pad for several weeks at a minimum, likely closer to several months.

This downtime is meant to begin at the same time LC-40, SpaceX’s second East coast pad, is reactivated for Falcon 9 launches. In the best-case scenario, this will allow the company to continue business as usual as it modifies LC-39A for Falcon Heavy, which is expected to begin on-pad testing later this year and potentially conduct an inaugural launch as early as November. As such, KoreaSat-5’s Falcon 9 may end up being the pathfinder SpaceX uses to solve the problems and squash the bugs that will inevitably arise while activating a new launch pad. Delays ought to be expected.

Following KoreaSat-5, the next SpaceX launch is not yet clear but will likely be Iridium-4, NEXT satellites 31-40. Including the three launches discussed above, SpaceX is likely to conduct 7-8 more launches before the end of 2017, not counting Falcon Heavy’s inaugural launch due to uncertainty.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Why Tesla’s Q4 performance could shock many after incredible Q3

There is still some residual impact to be felt as we enter Q4, and there is a potential shock coming to many investors as it could be stronger than what many think:

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Credit: Tesla

Tesla reported vehicle deliveries and energy deployments for the third quarter of 2025 today, blowing analyst estimations from Wall Street firms completely out of the water with its strongest three-month performance in company history.

The strong performance, which resulted in nearly half a million vehicle deliveries in the quarter, was largely driven by the momentum of the EV tax credit, which expired at the end of September, marking the end of the $7,500 discount that was previously available.

Tesla hits record vehicle deliveries and energy deployments in Q3 2025

This was a massive contributor to Tesla’s record-high in vehicle deliveries, as consumers rushed to take advantage of the credit.

There is still some residual impact to be felt as we enter Q4, and there is a potential shock coming to many investors as it could be stronger than what many think:

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EV Tax Credit Deliveries Will Continue Through Q4

Despite the credit’s expiration, people will still be able to take advantage of it because the IRS changed the rules mid-quarter.

Prospective buyers can utilize the credit after September 30 if they place an order for an EV and make a marginal payment on the car.

Tesla’s $250 order deposit qualified as the marginal payment, so as long as the order was submitted before the end of the day on September 30, they could still take delivery in Q4 or even Q1 and still take advantage of the credit.

Tesla set to win big after IRS adjusts EV tax credit rules

With the Model Y Performance launching in the U.S. on September 30, that undoubtedly contributed to some orders. However, there are likely many people who ordered in the latter portion of Q3 and have not yet taken delivery. These will all contribute to Q4 delivery figures.

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Seasonal Holiday Boost

Tesla traditionally has its strongest quarters in Q4, as the company typically introduces initiatives such as price cuts, incentives, and other offers to close out the year strong.

Car buyers are more likely to jump at these offers as well, as gifts for either themselves or others. What Tesla does in the final quarter of the year is usually boosted by whatever types of offers it can make.

Affordable Model Production Ramp

Tesla is likely preparing for the launch of its affordable model, which is essentially a stripped-down Model Y.

Some rumors have been circulating within the community, indicating that the company is nearing the sale of this vehicle, which is coded within Tesla’s website as the “Model Y Standard.”

If Tesla is able to lock in some good pricing on its affordable model, Tesla could see its quarterly figures return to QoQ growth, something that the company has not had in a few years.

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Tesla hits record vehicle deliveries and energy deployments in Q3 2025

As per Tesla’s Q3 2025 vehicle delivery and production report, the bulk of the company’s numbers came from its mass-market lineup.

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Tesla (NASDAQ:TSLA) reported record-breaking results for the third quarter of 2025, producing 447,450 vehicles and delivering 497,099 units worldwide. 

The company also deployed 12.5 GWh of energy storage products, setting a new record in its fast-growing energy business.

Model 3/Y domination

As per Tesla’s Q3 2025 vehicle delivery and production report, the bulk of the company’s numbers came from its mass-market lineup. The Model 3 sedan and Model Y crossover accounted for 435,826 units produced and 481,166 delivered in the quarter. This is quite impressive considering that both the Model 3 and Model Y are still premium-priced vehicles with numerous competitors that are significantly more affordable.

Other models, including the Model S, Model X, and Cybertruck, contributed 11,624 vehicles produced and 15,933 delivered. Beyond vehicles, Tesla’s energy business posted its best quarter to date, deploying 12.5 GWh of storage systems.

Credit: Tesla

Q3 2025 earnings call date

Tesla’s third-quarter results are extremely impressive, and they exceed Wall Street’s estimates by a significant margin. As per Benchmark analyst Mickey Legg, who had a delivery estimate of 442,000 vehicles in Q3, Wall Street consensus was at 448,000 units. Even more optimistic analysts estimated that Tesla would only post deliveries in the mid-460,000s.

Investors will gain further insight later this month when Tesla reports full financials for the quarter. The company will release Q3 2025 earnings after market close on October 22, followed by a Q&A webcast at 4:30 p.m. Central Time.

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Elon Musk

Elon Musk is halfway towards becoming the world’s first trillionaire

Musk’s fortune remains heavily tied to Tesla, which has rallied nearly 100% since April.

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Credit: Tesla Manufacturing/X

Elon Musk has reached a new milestone by becoming the first individual in history to achieve a net worth of $500 billion. ForbesReal-Time Billionaires tracker confirmed the record Wednesday afternoon after Tesla stock gained nearly 4%, adding an estimated $9.3 billion to Musk’s net worth in a single day. 

He now sits more than $150 billion ahead of Oracle co-founder Larry Ellison, whose net worth also stands at a very impressive $350 billion.

Tesla stock leads wealth surge

Musk’s fortune remains heavily tied to Tesla, which has rallied nearly 100% since April, when the CEO announced he would step back from outside roles to focus more on the EV maker. The company’s market capitalization is back within 10% of its all-time peak, lifting the value of Musk’s 12% stake to about $191 billion. 

Beyond this, his 2018 compensation package, which was rescinded by a Delaware judge last year but is still under appeal, could unlock additional stock worth more than $130 billion if reinstated, Forbes noted. Investors see Musk’s refocused leadership as a stabilizing force for Tesla as it pursues ambitious global growth. Tesla has also proposed a new compensation plan for Musk that could bring the company’s market cap to $8.5 trillion and add an additional $900 billion to the CEO’s net worth. 

SpaceX and xAI boost portfolio value

While Tesla drives much of his wealth, Musk’s stakes in SpaceX and xAI have added significant upside to his net worth. SpaceX, his private rocket company, recently hit a $400 billion valuation in a private tender offer, valuing Musk’s 42% stake at $168 billion. Meanwhile, xAI Holdings, which merged with social platform X earlier this year, is worth an estimated $113 billion, giving Musk another $60 billion on paper. 

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These ventures, combined with Tesla’s resurgence, have pushed Musk’s net worth past the half-trillion-dollar mark and highlighted his reach across multiple industries, from clean energy to space, artificial intelligence, brain implants, and tunneling.

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