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NASA SLS rocket launches Orion spacecraft to the Moon
After years, months, days, hours, and minutes of waiting, NASA’s first Space Launch System (SLS) rocket has successfully lifted off from Kennedy Space Center and sent an Orion spacecraft on its way to the Moon.
Originally projected to launch by late 2016, SLS lifted off for the first time at 1:48 am EST (06:48 UTC) on November 16th, 2022. Once known as Exploration Mission 1 (EM-1), NASA’s SLS debut was renamed “Artemis I” when the Trump administration created the Artemis Program in 2017. By most measures a semi-modernized Apollo Program without a geopolitical race against the Soviet Union, the Artemis Program survived the election of a new president in 2020, and the SLS rocket’s debut has officially become the program’s first major mission to get off the ground.
That SLS rocket has had a very long journey to its first successful launch. Supplied by United Launch Alliance (ULA), the rocket’s small Interim Cryogenic Propulsion Stage (ICPS) – the stage responsible for orbital burns – was delivered to the Kennedy Space Center in November 2017. Boeing shipped the first Core Stage – SLS’ central liquid rocket booster – to Mississippi for proof testing in January 2020, and CS-1 completed that testing in March 2021 and was delivered to Florida by April 2021.
After almost 12 months of painstaking assembly, the first fully-assembled SLS rocket rolled out to Kennedy Space Center Launch Complex 39B (Pad 39B) and attempted its first on-pad wet dress rehearsal (WDR) test. Seven months, three partially-completed WDRs, and two aborted launch attempts later, everything finally came together on November 16th, 2022.
By all appearances, the first SLS launch went perfectly. Shortly before liftoff, SLS ignited four former Space Shuttle Main Engines, making sure they were performing as expected. Seconds later, the launch computer fully committed and ignited both of SLS’ Shuttle-derived solid rocket boosters (SRBs) – motors than cannot be shut down after they’re lit. Much like the Shuttle did, SLS leapt off the pad after SRB ignition.
Combined, NASA says its RS-25 liquid engines and SRBs produced up to 4000 tons (8.8M lbf/39,200 kN) of thrust at liftoff, making SLS the second most powerful rocket to ever leave the launch pad. Only the Soviet Union’s N1 rocket, which produced up to 4500 tons (9.9M lbf/44,100 kN) of thrust at liftoff, was more powerful. But unlike N1, which failed four times over four launch attempts, the first SLS rocket reached orbit as planned, making it the most powerful rocket ever successfully launched.
About two minutes after liftoff, both SRBs successfully separated from the Core Stage. Eight and a half minutes after liftoff, the Core Stage shut down its four RS-25 engines and deployed the ICPS and Orion spacecraft just below the height of a stable orbit. 51 minutes after liftoff, ICPS ignited its lone RL-10 engine for 22 seconds to insert itself and Orion into a stable Earth orbit. Finally, about an hour and forty minutes after liftoff, ICPS ignited for a lengthy 18-minute trans-lunar injection (TLI) burn, sending Orion on a trajectory that will intercept the Moon on November 21st.
If all goes according to plan, Orion will then use its own European Service Module (ESM) to correct its trajectory and enter a Distant Retrograde Orbit around the Moon on November 25th, where it will remain tens of thousands of kilometers above the lunar surface. Orion will then leave lunar orbit as early as December 1st and reenter Earth’s atmosphere on December 11th before the capsule finally splashes down in the ocean.
Assuming Artemis I goes perfectly, Artemis II – SLS and Orion’s first launch with astronauts aboard – is scheduled no earlier than (NET) 2024. Artemis III, which will team up with a modified version of SpaceX’s Starship launch vehicle to attempt to land astronauts on the Moon for the first time since 1972, is expected to follow NET 2025. However, a reliable source with a prophetic track record estimates that Starship and SLS might not be ready to launch Artemis III until 2028.
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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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.
Elon Musk
SpaceX showcases exactly how it plans to catch Starship next month
SpaceX played a new Starship Flight 15 simulation showing the ship caught by tower chopsticks.
SpaceX gave its clearest look yet at how it plans to catch a Starship upper stage, playing a roughly 80 second animation of the maneuver during its third quarter earnings webcast on Tuesday. The clip ran under an “Up Next: Ship Catch” banner moments after Elon Musk confirmed that Flight 15, expected next month, will try to catch both the Super Heavy booster and the ship with the launch tower.
The animation opens at ground level, looking up through the launch mount at a tower with its chopstick arms spread wide. It then cuts to the ship gliding back through the atmosphere in its horizontal belly flop position, with its forward and aft flaps steering the descent. A wide shot from the Starbase shoreline follows, where the ship is a small dot in the sky before it swings vertical and drops toward the launch towers. The final shots show the ship sliding down past the top of the tower, a close view of the hardware along its side meeting the arms, and the vehicle hanging in the 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
Musk called the catch the step that closes Starship’s reuse loop. “If we succeed, it will be the first time that an orbital launch vehicle has been fully recovered,” he said. He put the odds of success on the first attempt at “more likely than not,” and said SpaceX has “a steady stream of Starship flight attempts through the end of this year” if Flight 15 falls short.
The sequence mirrors work SpaceX has already done with real hardware. In September, Ship 42, the vehicle assigned to Flight 15, was lifted by the Pad 2 chopsticks into a simulated catch position, where crews cycled the arms and connected the ship quick disconnect arm while it hung from the tower. NASASpaceflight has since reported that SpaceX removed Ship 42’s engines before its static fire and sent it back for another cryogenic test.
Gwynne Shotwell covered the regulatory side on the same call. After what she called “significant constructive engagement with the FAA,” SpaceX expects the Flight 15 license “to include return to launch site and tower catch for both stages.” Bringing the ship home means reentering toward land instead of the open ocean, which Musk said in February would only happen once the chance of the ship breaking up over land was very low, after two perfect soft landings at sea.
SpaceX has caught Super Heavy with the tower three times, on Flights 5, 7 and 8, but the ship returns from orbit at far higher speed and has never been caught. Flight 14 on September 28 was the first Starship to reach orbit, and it deployed 26 Starlink V3 satellites before splashing down, a mission SpaceX counted as its first revenue flight in the Q3 results it reported Tuesday.
The timing lines up with what Musk told the crowd at Giga Texas earlier this month, when he said Flight 15 would probably launch a little before Thanksgiving and that Flight 16 could refly both stages. On Tuesday’s call he went further, saying Starship should fly weekly at some point in the first half of 2027 and twice weekly or more by the end of next year as SpaceX works toward landing a rocket and launching it again with no refurbishment.
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