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Antares rocket launches Cygnus spacecraft to the International Space Station
Northrup Grumman has launched a fresh batch of supplies and equipment to the International Space Station with its Antares rocket and Cygnus spacecraft.
On Saturday, February 19th, an uncrewed Northrup Grumman Cygnus spacecraft lifted off on an Antares rocket from Pad 0A at NASA’s Wallops Flight Facility in northeast Virginia. As part of Northrup Grumman’s 17th Cargo Resupply Services (CRS) mission to the International Space Station since 2013, the rocket successfully carried the Cygnus spacecraft and more than 3.7 tons (~8300 lb) of cargo into orbit.
At 4:44 AM EST Monday, February 21st, Cygnus finished its autonomous rendezvous with the ISS and the station’s robotic Canadarm2 arm – operated by NASA astronaut Raja Chari – grabbed the hovering spacecraft and ultimately installed it on a berthing port later that morning. Prior to its arrival, NASA astronauts Raja Chari and Kayla Barron trained on the US Destiny laboratory module’s robotics workstation to prepare for the capture operation.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
On February 22nd, ISS astronauts began the process of unpacking Cygnus, which brought with it an array of supplies, snacks, scientific investigations, and critical materials needed to support over 250 experiments aboard the ISS. That list of experiments includes medical research, technology development, space safety work, and plant life investigations. In one investigation, cancer cells from breast and prostate cancer will be treated with MicroQuin, a novel cancer treatment drug. This investigation will allow tumors to be treated in a microgravity environment, allowing researchers an opportunity to better understand and characterize their structure, gene expression, cell signaling, and response to the treatment.
The NG-17 mission also carried a modification kit that will pave the way for the installation of the new set of upgraded solar arrays. The second batch will be launched no earlier than (NET) May 2022 on SpaceX’s CRS-25 Cargo Dragon 2 spacecraft. Additionally, NASA says that Cygnus NG-17 “[included] other components [needed] for the successful functioning of astronaut life on the space station, such as a trash deployer and acoustic covers for the waste management system.” (NASA)
In general, NG-17 was loaded with:
• 2,980 pounds (1,352 kilograms) of crew supplies
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• 2,883 pounds (1,308 kilograms) of [station] hardware
• 1,975 pounds (896 kilograms) of science investigations
• 200 pounds (100 kilograms) of unpressurized cargo
• 132 pounds (60 kilograms) of spacewalk equipment
• 77 pounds (35 kilograms) of computer resources
While attached to the ISS, Cygnus will also be responsible for raising the altitude of the space station for the first time in its history. This will be the first time since the Space Shuttle’s retirement in 2011 that an American spacecraft helps maintain the space station’s orbit – a task Russia has exclusively handled for more than a decade. “This Cygnus vehicle has been modified to [use some of its own propellant] to reboot ISS. We’ve done a test prior to this with Cygnus, but this will be our first real use of this capability to actually re-boost the station. And it gives us another way to do so, in addition to the Russian Zvezda thrusters or the Russian Progress cargo spacecraft capabilities,” stated Dina Contella, NASA’s ISS operations integration manager.
Cygnus will remain attached to the International Space Station for the next three months and is set to depart in May. Once detached from the ISS, the spacecraft – operating a bit like a space tug or orbital transfer vehicle – will deploy a number of cubesats. Finally, the fully expendable spacecraft will dispose several thousand pounds of trash when it reenters and burns up in Earth’s atmosphere later this year.
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Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
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None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Tesla has one big financial question to answer for investors: Morgan Stanley
