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
The Starship moon landing number NASA and Elon Musk can’t agree on
Musk disputes NASA estimate of 22 Starship launches for Moon landing, predicting 6 to 8.
Elon Musk is disputing a new NASA safety panel estimate of how many Starship launches it will take to put astronauts on the Moon, saying the real number will be less than half the panel’s figure.
On Thursday, NASA’s Aerospace Safety Advisory Panel held its quarterly public meeting. Panel member Charlie Precourt, a former NASA astronaut, flagged the fueling process for SpaceX’s lunar lander as a major risk for Artemis IV, the mission planned to land a crew on the Moon in 2028. “We need to keep our eyes on numerous required fuelings for the lander,” Precourt said, according to Ars Technica. “I think the last estimate is around 22 flights.”
Ars Technica’s Eric Berger posted the comment on X, and Musk replied. “That’s way too high,” Musk wrote. “Actual number will be more like 6 to 8.”
The disagreement comes down to a basic problem with sending a ship as large as Starship to the Moon. Starship burns nearly all of its propellant just reaching Earth orbit, so it cannot continue on to the Moon without stopping for a refill. SpaceX’s answer is a gas station in space. First, a Starship that works as a storage tank, called a depot, is launched into orbit. Then a series of tanker Starships launch one at a time, dock with the depot and pump their leftover propellant into it. Once the depot is full, the lunar lander version of Starship launches, docks, fills up and heads for the Moon.
Every tanker trip is its own full rocket launch, which is why the count matters. More launches mean more time, more cost and more chances for something to go wrong before astronauts ever leave Earth. Berger estimated that even if SpaceX reaches twice weekly Starship launches by the end of 2027, filling a depot at the panel’s number would still take roughly three months.
How many tankers are needed depends mostly on how much propellant each one can carry to orbit and how much is lost along the way. Starship’s fuel and oxygen are stored at extremely cold temperatures, and some of it slowly boils off while waiting in orbit. More is lost in each transfer. NASA appears to be working from what Starship can lift today, while Musk’s range assumes a more capable rocket.
Musk has pushed back on higher counts before. In 2021, after a government document suggested 16 launches, he called that “extremely unlikely” and said eight tankers would be the most required.
Much of the answer depends on hardware SpaceX has not finished flying. As Teslarati noted earlier this year, the company plans to carry out the refueling process with its upgraded V3 Starship, and Precourt described Artemis IV as carrying “a large number of firsts.” He also praised NASA Administrator Jared Isaacman’s team for working to clear obstacles for both SpaceX and Blue Origin, whose Blue Moon lander does not rely on orbital refueling for its first mission.
News
SpaceX confirms Starship 15 launch window with massive ambitions
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
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Investor's Corner
SpaceX stock gets a slew of price target boosts after bullish earnings call
Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.







