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NASA says SpaceX's Crew Dragon abort test is go for launch on doomed Falcon 9 rocket
NASA has formally given SpaceX permission for Crew Dragon’s second launch – a crucial test flight that should be the last before SpaceX launches NASA astronauts to the International Space Station (ISS) for the first time ever.
Known as its In-Flight Abort (IFA) test, Crew Dragon will attempt to escape a Falcon 9 rocket while airborne, a feat that CEO Elon Musk says will almost certainly destroy the rocket in the process. Technically speaking, NASA and SpaceX completed what is known as a Launch Readiness Review (LRR) sometime on Thursday, allowing SpaceX to proceed with launch preparations. By all accounts, Crew Dragon’s IFA test will likely be one of the most spectacular SpaceX launches ever, given that it is all but guaranteed to result in the intentional in-flight failure of a massive Falcon 9 rocket – “destroyed in Dragon fire” according to Musk.
Thanks to a much smoother launch flow compared to Crew Dragon’s Demo-1 orbital launch debut on Falcon 9, SpaceX’s newest Crew Dragon capsule is scheduled to lift off from Kennedy Space Center Launch Complex 39A (KSC LC-39A) as early as 8 am EST (13:00 UTC), Saturday, January 18th. The In-Flight Abort test will likely be one of Crew Dragon’s most challenging hurdles yet but success would be a major boon for the spacecraft’s demonstrated safety. While both Boeing and SpaceX will ultimately ferry NASA astronauts to and from the ISS, only SpaceX chose to prove Crew Dragon’s in-flight abort capabilities in the real world.
Effectively condemned to destruction to support a greater cause after a productive life, Falcon 9 Block 5 booster B1046 rolled out to Pad 39A – Crew Dragon mounted atop it – on January 16th after successfully performing its last routine static fire on the 11th. As previously discussed on Teslarati, B1046 is the first Falcon 9 Block 5 booster completed by SpaceX and is thus also the oldest flightworthy rocket in the company’s substantial fleet.
“After becoming the first SpaceX booster to launch three times in December 2018, B1046 spent several months at SpaceX’s Hawthorne, CA factory undergoing inspections and refurbishment. At some point, SpaceX assigned the thrice-flown booster to support Crew Dragon’s In-Flight Abort (IFA) test – effectively a death sentence – and shipped the booster to Florida, where it publicly appeared for the first time in months on October 3rd, 2019. Given that four more Falcon 9 boosters have now successfully performed three (or even four) orbital-class launches each, B1046’s now-imminent demise is certainly disappointing but remains extremely pragmatic.”
Teslarati.com — January 15th, 2020
As such, there is arguably no better booster for SpaceX to expend even if its loss is still less satisfying than a successful post-launch landing. In fact, aside from NASA’s prematurely-retired Space Shuttle, the entire history of orbital-class rocketry has effectively operated on the assumption that it’s both normal and necessary for rockets to be almost entirely expendable.
Only by sheer force of will has SpaceX turned that assumption on its head, making the act of expending Falcon 9 or Falcon Heavy boosters feel suddenly morose. Even then, the practice of propulsively landing orbital-class boosters is scarcely four years old, while reusing those boosters has been ongoing for less than three years. As such, B1046’s demise should be enjoyed for what it ultimately is: the spectacular retirement of a rocket that has already helped launch three separate payloads to orbit.
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Perhaps even more importantly, B1046’s sacrifice should – if things go as planned – also pave the way for Crew Dragon to launch its first NASA astronauts into orbit just a few months from now. For the test to be successful, however, Crew Dragon will have to perform an extremely precise string of maneuvers – the failure of any one of which could potentially lead to the spacecraft’s destruction.
“Traveling as fast as Mach 2.5 (860 m/s) at an altitude of 28 kilometers (17 mi), Crew Dragon will ignite its abort thrusters and attempt to escape, the very act of which will likely hammer the spacecraft’s windward surfaces with an extra dozen or so metric tons (~25,000 lb) of aerodynamic pressure. Crew Dragon C205 could thus find itself traveling almost Mach 3 (more than a kilometer per second) moments after separating from Falcon 9, eventually reaching an apogee of almost 75 km (45 mi), after which it will reenter the bulk of Earth’s atmosphere and have to deploy an array of parachutes to ensure a gentle Atlantic Ocean splashdown.”
Teslarati.com — January 13th, 2020
Unfortunately, Crew Dragon escaping a supersonic Falcon 9 also means that that same Falcon 9 – basically a thin, flexible tube designed to be as light as possible – will meet a supersonic blast of air the moment Dragon’s SuperDraco abort thrusters ignite. A bit like if a hurricane on all kinds of meteorological steroids just sort of punched a soda can for fun, that airstream will almost certainly obliterate Falcon 9’s sacrificial upper stage into a sort of aluminum snow, quickly revealing – and likely then destroying – B1046’s carbon fiber interstage.
The rest of the thrice-flown Falcon 9 booster is also liable to break up after that supersonic punch. In fact, SpaceX engineers are so confident in B1046’s imminent demise that the booster will have neither landing legs or grid fins come launch. In a best-case scenario, if, against all odds, B1046 survives Dragon’s escape, the intact booster will subsequently impact the Atlantic Ocean at terminal velocity and become a nice, artificial reef off the coast of Florida. Stay tuned for updates from Teslarati and photographers Jamie Groh and Richard Angle as Falcon 9 B1046’s demise inches ever closer.
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
