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Firefly launches world’s largest carbon fiber rocket into orbit on second try
Firefly Aerospace’s Alpha rocket has successfully reached orbit on its second try, cementing the company as the victor of a mostly unintentional race between three American NewSpace startups.
After weeks of delays and three aborted launch attempts on September 11th, 12th, and 30th, the second carbon-fiber Alpha rocket lifted off from its Vandenberg Space Force Base (VSFB) SLC-2W launch pad at 12:01 am PDT (07:01 UTC) on October 1st. According to Firefly, the resulting mission was a “100%…success”, indicating that it achieved all of the company’s objectives – an outcome far from guaranteed on the second flight of any orbital rocket.
In a familiar display, Alpha’s suborbital booster lifted the upper stage, fairing, and payload most of the way out of the Earth’s atmosphere within a few minutes. After a mechanical system pushed the two stages apart, the upper stage successfully ignited its lone Lightning engine, ejected the two-piece fairing (nose cone) protecting its payloads, and continued uphill for another five minutes before reaching a stable parking orbit around 250 kilometers (~160 mi) above Earth’s surface.
After successfully reaching orbit, Alpha’s upper stage even made it through a more than 90-minute coast phase and reignited for a brief second burn. Finally, Alpha managed to deploy all seven of the satellites it lifted off with. As a test flight, there was no guarantee that those payloads would end up anywhere other than the Pacific Ocean, so the successful deployment was likely a very pleasant surprise for all satellite operators involved in the mission.
Nicknamed “Into The Black” by Firefly, it was the company’s second Alpha flight and followed an unsuccessful attempt on September 3rd, 2021. During the rocket’s first launch, a loose cable caused one of its booster’s four main Reaver engines to fail almost immediately after liftoff, dooming the attempt. However, the rest of the booster fought for more than two minutes to keep the mission on track before a termination system destroyed the rocket, demonstrating otherwise excellent performance and gathering invaluable data and experience.
Firefly wasted no time putting that experience to good use. Compared to the first vehicle, the booster and upper stage for Alpha’s second flight sailed through preflight testing and completed their respective proof tests (a combined wet dress rehearsal and static fire) on their first tries. That smooth processing bodes well for the timing of Firefly’s third Alpha launch, although the company’s official accounts have strangely been almost silent after Flight 2’s success.
Soon after launch, third-party data showed that Alpha deployed its seven payloads into a 210 x 270 kilometer (130 x 170 mi) orbit. Firefly’s official launch page had stated that the target orbit was 300 kilometers (~185 mi) and called the second ignition of the upper stage a “circularization burn.” Given that the final orbit is far from circular and has an apogee a full 10% below that stated target, it wasn’t clear the rocket had performed exactly as expected. The orbit’s very low perigee means that the customer satellites Alpha deployed could reenter Earth’s atmosphere and burn up after a matter of weeks in space, rather than months or years.
But according to Bill Weber, who became CEO of Firefly less than a month before the launch, Alpha “deployed [Firefly’s] customer payloads at exactly the spot [the company] intended,” strongly implying that the strange final orbit was intentional.
Additionally, official footage Firefly released after the launch suggests that Alpha’s upper stage Lightning engine nozzle narrowly missed the booster’s interstage during stage separation. Had the drifting booster hit that nozzle, it would have likely caused the upper stage to begin tumbling and potentially ended the mission well before orbit. Thankfully, it didn’t, and it should be relatively easy to fix whatever caused the Alpha booster to begin slipping sideways so quickly after separation.
Alpha is the largest all-carbon-fiber rocket ever built. It stands 29.5 meters (~95 ft) tall, 1.8 meters (6 ft) wide, weighs 54 tons (~120,000 lb) fully fueled, and can produce up 81 tons of thrust (~180,000 lbf). Alpha can launch up to 1.17 tons ~(2600 lb) of useful cargo to low Earth orbit (LEO), making it the first successful entrant in a new and rapidly growing field of privately-developed rockets designed to launch 1-2 tons to orbit.
Coincidentally, Firefly found itself neck and neck with two other prospective US providers, Relativity Space and ABL Space. For several months, all three companies were aiming to successfully launch their one-ton-class rockets to orbit sometime in the late summer or early fall. But despite delays, Firefly – already more than a year ahead after its first launch attempt in 2021 – still beat Relativity and ABL Space to flight and did so successfully, securing itself a small but significant milestone in the history of private spaceflight.
The timeline for Relativity’s first 3D-printed Terran-1 rocket launch is no longer clear after a hurricane disrupted its preflight test campaign. ABL Space, meanwhile, has been forced to sit with its first RS1 rocket ready to launch for weeks while waiting on the FAA to complete paperwork and grant it a launch license. Had the FAA moved faster, it’s entirely possible that ABL Space could have launched before Firefly’s Alpha Flight 2, although the odds of success are much lower for RS1 during its debut. Pending that regulatory approval, ABL Space intends to launch RS1 out of Kodiak, Alaska as early as mid-October.
Firefly has yet to offer a substantial statement after the successful launch, which means that the company has provided no information about its next steps or next launch. Per prior statements, the company is working to upgrade its Texas factory to enable up to six Alpha launches in 2023.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
