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SpaceX had a big year: 2016 year in review
On December 21, 2016, SpaceX celebrated the one-year anniversary of Falcon 9’s first ever successful stage one landing, leaving their mark on history with the first rocket to ever do so after delivering a payload into orbit. The mission delivered 11 ORBCOMM satellites into low-Earth orbit to complete a 17-satellite constellation network.
Several videos were published with footage of the event last year, but National Geographic gave us a behind-the-scenes look at Elon Musk’s emotional ride while it was happening as an anniversary treat.
The first landing anniversary wasn’t the only thing to come out of 2016, however, and what a year it was!
MORE HISTORIC SPACEX LANDINGS
On April 8, 2016, SpaceX made history again, that time by landing Falcon 9’s first stage booster onto the “Of Course I Still Love You” autonomous droneship in the Atlantic Ocean off the Florida coast. The mission’s payload was a Dragon capsule cargo shipment to the International Space Station (“ISS”) named CRS-8, itself containing an important space technology demonstration for expandable habitats. The Bigelow Expandable Activity Module (“BEAM”) carried in the Dragon capsule was later successfully docked to the ISS and inflated as planned.
On May 5, 2016, SpaceX landed yet another first stage booster on drone ship “Of Course I Still Love You”, but the destination of its payload was geostationary transfer orbit (“GTO”), about 36,000 kilometers above the Earth vs. the 160 to 2000 kilometer height of low-Earth orbit previously achieved before a landing. The higher GTO orbit brought the first stage of Falcon 9 to a much faster speed and higher reentry heating than the previous missions, making the successful landing yet another one for the history books. Its payload was the JCSAT-14 commercial communications satellite.
Falcon 9 on the droneship after launching JCSAT-14 | Credit: SpaceX
Another successful GTO mission with a droneship landing was completed on May 27, 2016, and its THAICOM-8 payload was then delivered to a supersynchronous transfer orbit of 91,000 kilometers high. The third time broke the charm, however, and on June 15, 2016, after a successful insertion of Eutelsat 117 West B and ABS-2A satellites into GTO, the Falcon 9 first stage was lost due to early engine shutdown from lack of fuel.
Looks like early liquid oxygen depletion caused engine shutdown just above the deck pic.twitter.com/Sa6uCkpknY
— Elon Musk (@elonmusk) June 17, 2016
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Undeterred, SpaceX successfully landed one more booster on August 16, 2016 during its JCSAT-16 mission to GTO. “Of Course I Still Love You” was the droneship used once again.
First stage landing confirmed on the droneship. Second stage & JCSAT-16 continuing to orbit https://t.co/tdni5406Hi pic.twitter.com/h6llIXSVu7
— SpaceX (@SpaceX) August 14, 2016
A FEW SETBACKS FOR SPACEX
September 1, 2016 is a day that will potentially live in both conspiratorial and procedural dispute infamy due to SpaceX’s launch pad anomaly during its fueling process. Whether the description of choice of the event is “fast fire”, “explosion”, or “fireball”, the result was the same: a complete loss of the Falcon 9 rocket, its payload, and the ability to use Space Launch Complex 40 in the near future.
Still working on the Falcon fireball investigation. Turning out to be the most difficult and complex failure we have ever had in 14 years.
— Elon Musk (@elonmusk) September 9, 2016
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The AMOS-6 satellite aboard the rocket was owned by Israel-based Spacecom Ltd. and had been part of a $95 million dollar leasing deal between Facebook and Eutelsat to provide internet access to the non-connected parts of the world.
Per SpaceX’s last update, the investigation and FAA report on the anomaly are still pending and have focused on a breach in the loading of the cryogenic helium system of the 2nd stage liquid oxygen (“LOX”) tank.
Loss of Falcon vehicle today during propellant fill operation. Originated around upper stage oxygen tank. Cause still unknown. More soon.
— Elon Musk (@elonmusk) September 1, 2016
Falcon 9 isn’t expected to return to flight until January 2017 now that the launch with the Iridium-1 satellite payload was delayed from the tentative December 16th date. The FAA report must be completed prior to further launch approvals. The chain reaction of delayed launches has only cost the loss of one SpaceX customer to another launch provider thus far.
Due to extensive damage to Space Launch Complex 40 from the anomaly, future launches from the east coast will take place from historic Apollo-era Launch Complex 39A. SpaceX has been renovating the pad for Falcon Heavy launches. Also resulting from the anomaly was a delay in the first Falcon Heavy launch to early 2017.
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SPACEX PUSHES ONWARD
Throughout 2016, SpaceX continued to work on its Crew Dragon capsule as part of its competition with Boeing to provide human flight capabilities from American soil via NASA’s Commercial Crew Program. The tentative test launch date for the capsule was set for late 2017, but unfortunately, it was pushed back into May of 2018. Earlier in the year, Boeing also delayed its launch date to August 2018.
Crew Dragon during launch abort test | Credit: SpaceX
ELON MUSK REVEALS SPACEX’S MARS PLAN
Finally, at the end of September, Elon announced SpaceX’s plan to put a million people on Mars by the 2060s via its Interplanetary Transport System, also affectionately named BFR (“Big F*ing Rocket”).
Full Interplanetary Tranport System presentation in ~30 mins. Simulation preview: https://t.co/lKAxabzfKX
— Elon Musk (@elonmusk) September 27, 2016
A video was released prior to the September 27th, 2016 International Astronautical Conference announcement in Guadalajara, Mexico illustrating the full system concept. The animation was based on the actual CAD renderings in development, per Elon’s talk.
SpaceX ITS Stage 1 landing graphic | Credit: SpaceX
Plenty of goodies were revealed about SpaceX’s plans including the passenger habitat, entertainment intentions for travelers, and technical specifications surrounding the system’s size, engines, and fuel systems. While the presentation itself was exciting, many questions were still left unanswered such as more specifics on radiation dangers and the long-term effects of microgravity.
SUMMARY
Overall, 2016 brought a rollercoaster of successes and setbacks for SpaceX, but the business of rocket launching wasn’t expected to be an easy one. The phrase, “Rockets are hard” isn’t a simple excuse to explain away failures, but rather an accepted cost of being in the field.
Throughout the year, SpaceX has managed to maintain public and government faith in its mission to advance human space exploration despite any setbacks. In July, NASA ordered a second commercial crew mission from the company, and then they followed up in November with a contract to launch an Earth surface-water-analyzing satellite in 2021.
SpaceX also received a number of recognitions for its work environment and achievements, including making Glassdoor’s Top 50 Places to Work and being awarded the 2016 World Technology Award for space.
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Oh, and if it seems all that isn’t enough for SpaceX to have on its plate, in November the company filed a request with the FCC to launch over 4,000 communication satellites as part of their goal of building a hi-speed satellite internet constellation.
There’s a lot to look forward to in 2017 and beyond. Onwards!
Tesla CEO Elon Musk said that flying cars will be coming to the market, something that his own company has hinted at previously.
Musk said on X, in response to a post that read, “We were promised flying cars and all we got is infinite superintelligence for everyone,” “You will get flying cars.”
You will get flying cars
— Elon Musk (@elonmusk) August 12, 2026
The post rang back to when Musk teased flying and hovering capabilities for the Tesla Roadster, the company’s supercar that has been delayed more times than anyone cares to count. It was set for an unveiling earlier this year, but it was then pushed back to August. There is still no sign of it coming.
However, that does not mean it won’t. But one of the biggest features of the Roadster that was teased was a SpaceX package that featured cold gas thrusters on the rear end that would help with white-knuckle acceleration. Another set would face the ground and would help the Roadster gain small bits of altitude, potentially helpful to jump over obstacles.
Elon Musk hints at Tesla Roadster’s “hovering” abilities in SpaceX package
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But it is not a straightforward thing for Musk. As a serial entrepreneur, he tends to spend his time on major disruptors; currently, his largest projects are artificial intelligence and compute power, as well as SpaceX’s launches that will eventually make life multiplanetary.
In the past, he has been critical of flying cars and has been in favor of tunnels, one of the big reasons he started the Boring Company. In 2017 at a TED talk, he said:
“There is a challenge with flying cars in that they’ll be quite noisy. The wind force generated will be very high. Let’s just say that if something’s flying over your head, if there are a whole bunch of flying cars all over the place, that is not an anxiety-reducing situation…You’re thinking, ‘Did they service their hubcap? Or is it going to come off and guillotine me as they’re flying past?’”
However, he’s never been against them. He has also said he’s in favor of both tunnels and flying cars.
Contrary to press reports, I’m not against flying cars. Just said it was important to consider both pros and cons.
— Elon Musk (@elonmusk) March 24, 2015
Most recently, Musk said that anyone who wants a flying car should be able to get one. This was stated last October on the Joe Rogan Experience:
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“My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars… I think if Peter wants a flying car, we should be able to buy one.”
Whether the Roadster will be Tesla’s flying car or potentially another one remains in the mind of Musk. Of course, the Roadster will have to make its way to production lines before we find out.
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.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
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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.”
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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.
Tesla CEO Elon Musk says flying cars are coming
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
