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NASA’s SLS Moon rocket almost aces vital prelaunch test on 7th try
Following several incomplete attempts in April, June, August, and September, NASA’s first Space Launch System (SLS) Moon rocket has almost aced a vital prelaunch test on the seventh try.
NASA says that “all objectives were met” during the ten-hour test, which wrapped up around 4:30 pm EDT (20:30 UTC) on Wednesday, September 21st. Despite the rocket running into multiple additional issues, some old and others new, the agency was confident enough in the preliminary results of the wet dress rehearsal (WDR) – deemed a “cryogenic demonstration test” – to reaffirm that it’s still working towards a third launch attempt as early as September 27th.
That launch date is not set in stone, but NASA also hasn’t ruled out the window after the latest round of SLS testing. The agency will host a press conference on Friday, September 23rd, to provide its final decision and offer more details about the seventh wet dress rehearsal.
Despite NASA’s apparent confidence after the test, which was admittedly smoother than most previous SLS tests at the launch pad, it was far from smooth. The immediate story of the “cryogenic demonstration test” dates back to the SLS Artemis I rocket’s second so-called “launch attempt” on September 3rd. During that attempt, the launch was aborted well before SLS was ready when NASA detected a major hydrogen fuel leak around one of the quick-disconnect umbilical panels that fuels and drains the rocket. Remote troubleshooting was unable to solve the problem, forcing NASA to stand down.
Over the last few weeks, teams inspected, tested, and repaired the faulty Tail Service Mast Umbilical (TSMU), preparing for a cryogenic proof test meant to verify that the issue was fixed. During that September 21st test, the TSMU still leaked significantly for the whole duration, but it did so more predictably and – unlike prior leaks – never violated the limits that would trigger a launch abort.
But near the end, a different umbilical panel developed a significant hydrogen leak that did violate those launch constraints, meaning that NASA would have likely had to stand down yet again if it had attempted to launch before completing additional testing. The test was completed successfully, but its goals and constraints were not the same as those facing a launch.
A NASA-developed rocket leaking hydrogen is unfortunately a tale as old as time. That the agency that struggled with hydrogen leaks throughout the 30-year career of the Space Shuttle appears to be just as flabbergasted by nearly identical problems on a new rocket – SLS – that has Shuttle ‘heritage’ on almost every square inch is not surprising, even if it is somewhat embarassing.
Liquid hydrogen fuel always has been and likely always will be a massive pain to manage in any rocket, but especially in a large rocket. As the smallest element in the universe, it is fundamentally leak-prone. Combined with the fact that it only remains liquid below the extraordinarily low temperature of -253°C (-423°F), generates ultra-flammable hydrogen gas as it continually attempts to warm to a more stable temperature, and naturally embrittles most metals, it’s an engineering nightmare by almost every measure.
For all that pain, hydrogen does provide rocket engineers exceptional efficiency when properly exploited, but even that positive aspect is often diminished by hydrogen’s ultra-low density. For rocket stages that have already reached orbit, hydrogen-oxygen propellant offers unbeatable efficiency. But for a rocket stage that will never be used in orbit, like the SLS core stage, hydrogen fuel is rarely worth the tradeoffs – a reality that SLS is unfortunately providing a strong reminder of.
Demonstrating the Groundhog Day-esque nature of NASA rockets and hydrogen leaks, the same leaky TSMU panel that aborted SLS’ September 3rd launch attempt (sixth WDR) and had to be fixed and retested on September 21st also caused a hydrogen leak that partially aborted the rocket’s third wet dress rehearsal attempt in April 2022. NASA then rolled the rocket back to the Vehicle Assembly Building (VAB), where workers spent almost two months inspecting and reworking the fuel TSMU and fixing other issues. During its first test (WDR #4) after rolling back to the pad in June, the same fuel TSMU leaked and NASA had to return the rocket to the VAB again to fix the problem.
The fuel TSMU then leaked on the SLS rocket’s first launch attempt (really WDR #5), but the problem was resolved and was not what caused NASA to stand down. It was, however, a primary reason behind NASA’s second aborted launch attempt (WDR #6). With any luck, the eighth time will be the charm.
Elon Musk
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
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.
Elon Musk
SpaceX confirms third massive compute deal at Colossus data center
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.