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If SpaceX manages to recover Falcon Heavy center core B1055, it will be the second rocket to return to port as boat. (Tom Cross) If SpaceX manages to recover Falcon Heavy center core B1055, it will be the second rocket to return to port as boat. (Tom Cross)

SpaceX

SpaceX’s Falcon Heavy center core goes overboard, Elon Musk still hopeful

Pictured here is B1050 in late 2018. If SpaceX manages to recover Falcon Heavy center core B1055, it will be the second rocket to return to port as boat. (Tom Cross)

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SpaceX has confirmed that bad weather and an unfortunate lack of hardware has caused the second-ever Falcon Heavy center core to slide off the deck of drone ship Of Course I Still Love You, although CEO Elon Musk suggests that the rocket’s engine section could be recoverable.

Despite the fact that all three Falcon Heavy Block 5 boosters did successfully land after the rocket’s commercial launch debut, the accidental post-landing loss of center core B1055 takes a bit of the wind out of the sails of the whole recovery endeavor. Preventable hardware destruction aside, this should not detract from the critical fact that side boosters B1052 and B1053 are safe and sound at SpaceX’s Cape Canaveral Landing Zone (LZ), and should still be able to support Falcon Heavy Flight 3 without delay. This anomaly also serves as a bit of an abrupt reminder of just how hard the safe landing and recovery of giant, orbital-class rocket boosters really are.

According to Musk, the loss of Falcon Heavy B1055 was caused by a combination of bad weather and the surprising fact that SpaceX’s robotic rocket grabber had yet to be modified to support Falcon Heavy center cores. Octagrabber is used to secure Falcon boosters after drone ship landings in order to better ensure the safety of SpaceX’s recovery crew. In anything short of quiet seas, massive, emptied Falcon boosters frequently end up sliding around the drone ship deck – ironically, one of the flight-proven side boosters that flew on Falcon Heavy’s launch debut was almost lost to (apparently) the same failure mode that has now effected B1055.

Musk suggested that the Falcon Heavy booster’s Merlin 1D engines could potentially be recovered and reused “pending inspection”, indicating that B1055 may still be partially sitting on OCISLY’s deck. A similar event happened during the 2016 launch of Eutelsat 117 West B, when a Falcon 9 booster aggressively impacted OCISLY’s deck after running out of propellant but left behind its battered octaweb. In B1055’s case, the booster was almost certainly safed, detanked, and depressurized, meaning that it probably didn’t explode when it tipped over and impacted the water and drone ship guardrail. SpaceX may even be able to recover the booster’s four valuable titanium grid fins and salvage additional hardware, depending on how much of the rocket remained intact and attached to OCISLY.

In December 2018, Falcon 9 B1050 suffered a grid fin hydraulic pump failure that caused the Block 5 booster to lose control authority. Despite the struggle, it managed a soft landing and SpaceX may even attempt to reuse the booster in the future.

The sad loss of another Falcon Heavy center booster has once again preventing SpaceX recovery engineers from being able to fully analyze the unique rocket’s custom side booster attachment and separation hardware. Still, the fact that major sections (including the entire octaweb) may be recoverable means that B1055 will at least be able to produce more valuable data than center core #1, which smashed into the Atlantic at ~300 mph after its 2018 debut.

A step further, the US Air Force recently indicated that Falcon Heavy Flight 3 – carrying its Space Test Program 2 (STP-2) rideshare mission – would reuse both of this launch’s side boosters but feature a brand new center core. This was announced well before B1055’s anomaly, indicating that SpaceX and the USAF had planned for some time to use new center cores on Falcon Heavy Flights 2 and 3. This means that B1055’s untimely demise should have little to no impact on SpaceX’s launch manifest, including the imminent STP-2 mission.

Falcon Heavy Flight 2 has been completed successfully after marking SpaceX's first ever triple booster recovery. (SpaceX)
Despite a flawless landing, Falcon Heavy center core B1055 was reportedly lost at sea due to high waves. (SpaceX)
Mission complete! Taken by Airmen Alex Preisser, this photo shows B1052 and B1053 shortly after coming to a rest at SpaceX's Landing Zones.
Despite the struggles of the center core, side boosters B1052 (right) and B1053 (left) are safe and sound, awaiting their next launch. (USAF – Alex Preisser)

Falcon Heavy Flight 3 is currently scheduled to launch the USAF STP-2 mission no earlier than late June – a major customer with satellites aboard has suggested NET June 22. Of course, SpaceX has only had a handful of days with its recovered Block 5 side boosters, the refurbishment of which will now be the critical path for the next launch. If B1052 and B1053 are in exceptionally good shape, a distinct possibility thanks to their relatively gentle return-to-launch-site (RTLS) recoveries, then that late June date may very well hold.

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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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Investor's Corner

Elon Musk confirms SpaceX IPO is on the way

However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon. Musk replied, basically confirming it.

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Joel Kowsky, Public domain, via Wikimedia Commons

Elon Musk confirmed through a post on X that a SpaceX initial public offering (IPO) is on the way after hinting at it several times earlier this year.

It also comes one day after Bloomberg reported that SpaceX was aiming for a valuation of $1.5 trillion, adding that it wanted to raise $30 billion.

Musk has been transparent for most of the year that he wanted to try to figure out a way to get Tesla shareholders to invest in SpaceX, giving them access to the stock.

He has also recognized the issues of having a public stock, like litigation exposure, quarterly reporting pressures, and other inconveniences.

However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon.

Musk replied, basically confirming it:

Berger believes the IPO would help support the need for $30 billion or more in capital needed to fund AI integration projects, such as space-based data centers and lunar satellite factories. Musk confirmed recently that SpaceX “will be doing” data centers in orbit.

AI appears to be a “key part” of SpaceX getting to Musk, Berger also wrote. When writing about whether or not Optimus is a viable project and product for the company, he says that none of that matters. Musk thinks it is, and that’s all that matters.

It seems like Musk has certainly mulled something this big for a very long time, and the idea of taking SpaceX public is not just likely; it is necessary for the company to get to Mars.

The details of when SpaceX will finally hit that public status are not known. Many of the reports that came out over the past few days indicate it would happen in 2026, so sooner rather than later.

But there are a lot of things on Musk’s plate early next year, especially with Cybercab production, the potential launch of Unsupervised Full Self-Driving, and the Roadster unveiling, all planned for Q1.

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SpaceX reportedly mulling IPO, eyeing largest of all time: report

“I do want to try to figure out some way for Tesla shareholders to participate in SpaceX. I’ve been giving a lot of thought to how to give people access to SpaceX stock,” Musk said.

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Credit: SpaceX

SpaceX is reportedly mulling an initial public offering, eyeing what would be the largest valuation at the time of availability of all time, a new report from Bloomberg said on Tuesday.

It is one of many reports involving one of Elon Musk’s companies and a massive market move, as this is not the first time we have seen reports of an IPO by SpaceX. Musk himself has also dispelled other reports in the past of a similar nature, including an xAI funding round.

SpaceX and Musk have yet to comment on the report. In the past, untrue reports were promptly replied to by the CEO; this has not yet gained any response, which is a good sign in terms of credibility.

However, he said just a few days ago that stories of this nature are inaccurate:

“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate. SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors. Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market. And one other thing that is arguably most significant by far.”

Musk has discussed a potential IPO for SpaceX in recent months, as the November 6 shareholder meeting, as he commented on the “downsides” of having a public company, like litigation exposure, quarterly reporting pressures, and other inconveniences.

Nevertheless, Musk has also said he wants there to be a way for Tesla shareholders to get in on the action. At the meeting in early November, he said:

“I do want to try to figure out some way for Tesla shareholders to participate in SpaceX. I’ve been giving a lot of thought to how to give people access to SpaceX stock.”

Additionally, he added:

“Maybe at some point., SpaceX should become a public company despite all the downsides of being public.”

Musk has been historically reluctant to take SpaceX public, at times stating it could become a barrier to colonizing Mars. That does not mean it will not happen.

Bloomberg’s report cites multiple unidentified sources who are familiar with the matter. They indicate to the publication that SpaceX wants to go public in mid-to-late 2026, and it wants to raise $30 billion at a valuation of around $1.5 trillion.

This is not the first time SpaceX has discussed an IPO; we reported on it nine years ago. We hope it is true, as the community has spoken for a long time about having access to SpaceX stock. Legendary investor Ron Baron is one of the lucky few to be a SpaceX investor, and said it, along with Tesla, is a “lifetime investment.”

Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA

The primary driver of SpaceX’s value is Starlink, the company’s satellite internet service. Starlink contributes 60-70 percent of SpaceX’s revenue, meaning it is the primary value engine. Launch services, like Falcon 9 contracts, and the development of Starship, also play supporting roles.

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SpaceX reaches incredible milestone with Starlink program

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Credit: SpaceX

SpaceX reached an incredible milestone with its Starlink program with a launch last night, as the 3,000th satellite of the year was launched into low Earth orbit.

On Monday, SpaceX also achieved its 32nd flight with a single Falcon 9 rocket from NASA’s Kennedy Space Center.

The mission was Starlink 6-92, and it utilized the Falcon 9 B1067 for the 32nd time this year, the most-used Falcon booster. The flight delivered SpaceX’s 3000th Starlink satellite of the year, a massive achievement.

There were 29 Starlink satellites launched and deployed into LEO during this particular mission:

SpaceX has a current goal of certifying its Falcon boosters for 40 missions apiece, according to Spaceflight Now.

The flight was the 350th orbital launch from the nearby SLC-40, and the 3,000 satellites that have been successfully launched this year continue to contribute to the company’s goal of having 12,000 satellites contributing to global internet coverage.

There are over five million users of Starlink, the latest data shows.

Following the launch and stage separation, the Falcon 9 booster completed its mission with a perfect landing on the ‘Just Read the Instructions’ droneship.

The mission was the 575th overall Falcon 9 launch, highlighting SpaceX’s operational tempo, which continues to be accelerated. The company averages two missions per week, and underscores CEO Elon Musk’s vision of a multi-planetary future, where reliable connectivity is crucial for remote work, education, and emergency response.

As Starlink expands and works toward that elusive and crucial 12,000 satellite goal, missions like 6-92 pave the way for innovations in telecommunications and enable more internet access to people across the globe.

With regulatory approvals in over 100 countries and millions of current subscribers, SpaceX continues to democratize space, proving that reusability is not just feasible, but it’s also revolutionary.

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