SpaceX
SpaceX test fires twice-flown Falcon 9 for world’s first commercial Moon mission
Likely to be the third orbital-class launch for the booster in question, SpaceX’s next launch – led by primary customer Pasifik Satelit Nusantara (PSN) – has the potential to lay claim to multiple major spaceflight “firsts”, ranging from the first time a twice-flown Falcon 9 has launched on the East Coast to the world’s first attempt to land a commercial spacecraft on another planetary body – the Moon, in this case.
SpaceX has completed the final critical test milestone of the mission’s flight-proven Falcon 9, filling the rocket with propellant and successfully static firing the booster on the evening of February 18th. According to SpaceX, all remains on schedule for a February 21st launch attempt from Cape Canaveral Air Force Station (CCAFS) Launch Complex 40 (LC-40), with liftoff currently targeted for 8:45 pm EDT (01:45 UTC).
Static fire test of Falcon 9 complete—targeting February 21 launch of Nusantara Satu from Pad 40 in Florida.
— SpaceX (@SpaceX) February 19, 2019
If all goes well, the launch of PSN satellite Nusantara Satu (formerly PSN-6; translation: “One Archipelago”) – carrying two copassenger spacecraft – could be an immensely significant moment for commercial spaceflight. Thanks to the support of rideshare provider Spaceflight Industries, those two passengers will be sent to high-energy geostationary orbits long relegated to dedicated launches of extremely large satellites, typically weighing multiple tons. While one could fairly argue that this is not the first time in history that a geostationary rideshare launch has occurred, it is almost certainly the first time that such a mission profile has been attempting for a commercial customer.
We are going to the moon! A 3D engine mount from RUAG Space will be the first 3D printed part on the moon. Our 3D part will support landing and lift off of Lunar Lander from @TeamSpaceIL. Congrats to our incredible engineers! pic.twitter.com/AbFZFD7GPB
— Peter Guggenbach (@PeterGuggenbach) February 11, 2019
In this case, that commercial entity is the Israeli company SpaceIL in support of the world’s first commercially-developed Moon lander, a ~600 kg (1300 lb) spacecraft known as Beresheet (Hebrew for “In the beginning”). Designed by SpaceIL and constructed by Israel Aerospace Industries (IAI), the craft has since been installed atop PSN-6 and encased in Falcon 9’s payload fairing along with one much smaller copassenger, an Air Force Research Laboratory-funded (AFRL) microsat known as “S5”. The latter spacecraft weighs roughly 60 kg (130 lb) and is an experiment designed to determine whether small satellites can be used in geostationary orbit (GEO), with S5 focusing on cataloging and tracking GEOsats.
- PSN-6, an SSL-built communications satellite weighing several thousand kilograms, arrived in Florida roughly 10 days ago. (SSL)
- The Air Force Research Lab’s S5 smallsat. (Blue Canyon)
- Beresheet is seen here prior to the spacecraft’s flight from Israel to Florida. (SpaceIL/IAI)
- After arriving in Florida, Spaceflight was tasked with integrating Beresheet with PSN-6. (SpaceIL/Spaceflight)
Spaceflight Industries aims for new market creation
Shepherded by rideshare industry leader Spaceflight, the PSN-6 rideshare – known by the company as GTO-1 – has the potential to open up a new and highly useful realm of spaceflight previously all but closed off to customers lacking tens of millions of dollars for launch costs. While it’s unclear how exactly Spaceflight worked with SSL and/or PSN to make it happen, the mission profile and its potential are both fascinating and complex.
“What we’re doing with [GTO-1] is really cool, cause this is a type of mission that hasn’t really been available [commercially] in the past – taking a ride all the way to GEO and then separating in GEO as an independent spacecraft . . . We’re really excited about testing the market and proving – really, making – a new market here with the GEO [and GTO] rideshare.” – Ryan Olcott, Spaceflight (Jan. 2019)
In a late-January interview with Spaceflight’s Mission Director Ryan Olcott, the senior manager was audibly excited about the future potential of Spaceflight’s new GTO (and GEO) offerings and the many ways that they could change the game for a number of companies and startups with far smaller but no less capable spacecraft. Including startups Astranis and Terran Orbital and industry stalwart SSL, interest in small geostationary satellites has never been higher, and a number of pathfinder missions in 2020 and 2021 – if successful or at least promising – could mark a paradigm shift for the geostationary satellite communications industry as a whole. Often sized perfectly (100-500 kg) for a handful of in-development smallsat launch vehicles like Relativity’s Terran, Firefly’s Beta, and ABL Space’s RS-1, it will likely be several years before those new rockets are capable of reliably supporting these much smaller launches, leaving rideshare missions as the only real route for interested customers until the early to mid 2020s.
- Astranis’ “MicroGEO” offering compared beside one of the largest geostationary satellite buses. (Astranis)
- The change in scale between ITS, BFR, and BFR 2018 is significant. (Teslarati)
- A render of Spaceflight’s SSO-A dispensers attached to Falcon 9’s second stage.
- Falcon 9 B1046 lifts off for the third time with Spaceflight’s SSO-A rideshare mission. (Pauline Acalin)
In the process of undertaking this milestone geostationary rideshare, Spaceflight had to design, build, and test custom hardware needed to protect the AFRL’s S5 spacecraft on its multi-week ridealong from geostationary transfer orbit to PSN-6’s geostationary orbit destination, as well as unique mounting hardware needed to load SpaceIL’s Beresheet spacecraft atop the main satellite host. In fact, GTO-1’s mission profile is impressively complex, requiring multiple mission-specific maneuvers and separation events to detach Beresheet shortly after the entourage separates from Falcon 9, carry S5 to a geostationary graveyard orbit (GEO + ~300 km) to separate Spaceflight’s custom hardware, return to a lower orbit to deploy the Air Force satellite, and finally insert PSN-6 into its final operational orbit.
“We actually have to open up our adapter system to allow the [AFRL S5] spacecraft to come out, so we have about a half-day time window that we’re aiming for where we will separate the top off of our cone adapter system and then drop [the orbit] back down a little bit [because we can’t drop that junk off in GEO – you have to use the GEO graveyard slot].” – Ryan Olcott, Spaceflight

“GTO is pretty cool because you can do all sorts of positive C3 missions [to] Lagrange points or just about [anywhere] in the solar system you want to go to … With SpaceIL, potentially in the future [Spaceflight will also] be able to partner with them to bring things to the Moon if they’ve got customers that want to bring payloads to the Moon.” – Ryan Olcott, Spaceflight
The fact that the first primary passenger (by weight) of GTO-1 is a mission as groundbreaking as the commercial Beresheet Moon lander is also by no means a coincidence according to Ostello, a feeling that was rapidly backed up by an agreement between IAI and European company OHB to potentially use Beresheet-derived landers to deliver European payloads to the Moon. Ostello expressed a similar interest and optimism a few weeks prior to that announcement. While not directly involving Spaceflight, the fact that IAI (Beresheet’s manufacturer) is interested in producing more landers for other customers essentially opens the door for Spaceflight or other commercial or governmental entities to purchase future landers for customer payloads or arrange their launch to the Moon.
Second time’s the third-time charm
Set to launch on an unspecified Falcon 9, process of elimination (i.e. which boosters are in Florida) implies that PSN-6/GTO-1 will feature either Falcon 9 booster B1047 or B1048, two flight-proven boosters with no know missions assigned that are also known to be in Cape Canaveral. B1047 last launched the Es’hail-2 satellite in mid-November, while B1048 completed its second launch (from California) in early October before shipping to Florida for unknown reasons. With B1048 situated in 39A’s hangar, the lack of any reports of a booster moving from 39A to 40 suggest that B1047 was the Falcon 9 that successfully conducted its third on-pad static fire last night.
Shortly after launch, the Falcon 9 booster will make its way to drone ship Of Course I Still Love You (OCISLY) – located ~650 km (400 mi) off the coast of Florida – for what will be the second time ever that SpaceX has successfully launched and landed the same Falcon 9 booster three times, following on the heels of B1046’s third launch last December. SpaceX fairing recovery vessel Mr. Steven also arrived at Port Canaveral last week after a nearly 8000 km (5000 mi) journey from Port of Los Angeles, raising the possibility of his first attempt at a fairing catch on the East Coast.

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Elon Musk
Tesla Phone? Not quite, but close: analyst
For years, there have been images and videos across social media platforms that have reminded me of when I was a 15-year-old kid teased by “Xbox 720” videos on YouTube. These videos are of the supposed “Tesla Phone” that Elon Musk was secretly developing in between leading Tesla with its electric cars and SpaceX with its reusable rockets.
Would you buy a Tesla phone ? pic.twitter.com/aaTwvvIJit
— Tesla Owners Silicon Valley (@teslaownersSV) October 6, 2023
Although Musk has put those rumors to bed several times, it was never completely out of the realm that he could get involved in cell phones in some capacity. Think outside the box and more macro-level, though. Instead of reinventing the computer, Musk reinvented connectivity by developing Starlink with SpaceX.
It could be something similar, TD Cowen analyst Gregory Williams said in a note last week, where he hinted SpaceX could be gathering some steam to acquire T-Mobile.
Williams said it would be the “clear choice” for SpaceX if it decided to go through with a network acquisition. He also suggested AT&T.
The move would be possible through selling more of its own stock, which would help SpaceX raise the money to purchase T-Mobile, which would cost roughly $300 billion. It could be one of the moves SpaceX makes post-IPO in terms of an acquisition: it already acquired Cursor AI for $60 billion.
Other analysts, like Dan Ives of Wedbush, believe SpaceX and Tesla will eventually merge into one anyway, and that conglomeration could come as soon as this year, some have said.
The implications of SpaceX purchasing T-Mobile are massive. A combined entity would create a truly ubiquitous network: T-Mobile’s terrestrial 5G towers and Starlink’s growing constellation of Direct-to-Cell satellites. This would essentially eliminate dead zones across the U.S. and potentially globally.
SpaceX would instantly become a full-scale facilities-based carrier with satellite differentiation; a huge advantage. This would pressure AT&T and Verizon heavily.
There are also concerns like a potential reduction in long-term competition, and of course, a deal of that size would face intense scrutiny from government agencies.
The strategic fit is compelling due to the existing Starlink–T-Mobile partnership and complementary technologies (space + terrestrial). It could create a dominant integrated communications player. However, the regulatory, financial, and execution hurdles are enormous — this remains highly speculative with no indication SpaceX is actively pursuing it right now.
Elon Musk
SpaceX’s newest Starmind will make earth data centers obsolete
Elon Musk confirmed Starmind as SpaceX’s AI satellite constellation name, targeting one million orbital compute nodes.
Elon Musk confirmed that Starmind will be the official name of SpaceX’s planned AI satellite constellation, following a trademark filing by xAI that surfaced earlier this week. Starmind is what’s being described to the FCC as a constellation of up to one million AI satellites
It’s worth noting that SpaceX’s Starlink communication satellite and Starmind are built on the same orbital infrastructure concept but serve entirely different purposes. Starlink is a connectivity network, with satellites receiving and relaying data between points on Earth, and functioning as a high-speed internet backbone in space. The satellites themselves do not process or think, and move information from one place to another, the same function a fiber cable performs underground.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
Starmind, on the other hand, is something completely different, and tather than moving data, its satellites would compute data through artificial intelligence and directly in orbit using onboard processors powered by large solar arrays. Where a Starlink satellite is essentially a very fast pipe, a Starmind satellite is a server. The practical implication is that Starmind would allow AI models to run inference, process queries, and generate outputs from space, then beam results down to users anywhere on Earth within milliseconds, and without the data ever needing to travel to a terrestrial data center.
Starship will be able to carry 30 to 50 AI1 satellites per launch, delivering the equivalent of dozens of server racks per flight, with no land acquisition, no power grid approval, and no cooling infrastructure required on the ground.
SpaceX is pursuing this new technology as terrestrial data centers are running into hard limits such as lack of physical space, community opposition, and power and water consumption at a scale that is increasingly difficult to permit. Space has unlimited solar power, natural vacuum cooling, and no zoning boards. Musk said in a June 8 video presentation that he expects space to become the lowest-cost location to deploy AI compute within two to three years. Two AI1 prototypes are scheduled to launch in early 2027, with volume production targeted for the end of that year at a new facility called Gigasat.
The real world applications Starmind enables extend well beyond powering Grok. A constellation of orbiting AI processors could run inference workloads for any paying customer, anywhere on Earth, with latency measured in milliseconds rather than the seconds associated with ground-based cloud routing across continents. Starmind, if it scales as described, would make SpaceX the landlord of AI compute the same way Starlink made it the landlord of satellite internet.
Investor's Corner
SpaceX makes $20 billion move to optimize its balance sheet
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.







