Major SpaceX customer Iridium has set an official target date for its eighth and final Iridium NEXT launch, expected to fly on a flight-proven Falcon 9 Block 5 booster as early as December 30th.
With Iridium-8 now tentatively on SpaceX’s launch manifest, the company’s West Coast schedule appears to have stabilized with two more orbital missions before the end of 2018 – Spaceflight Industry’s SSO-A rideshare mission will aim for the second half of November while Iridium-8 will likely be the last global launch of 2018 if it sticks to its December 30 target.
It’s taken awhile, but finally have a schedule for the final launch #8 of Iridium NEXT! 8:38am pst on December 30th – we’ll have the satellites, SpaceX assures us the flight proven rocket will be ready, and VAFB is ready to ring in the New Year with us! #ThePartyWillBeEpic pic.twitter.com/vQPPeSKm0P
— Matt Desch (@IridiumBoss) October 18, 2018
Iridium CEO Matt Desch was happy to offer a few additional details after tweeting Iridium-8’s targeted launch date and confirmed that – despite original estimates to the contrary – the mission would launch on flight-proven Falcon 9 booster B1049.2. He also stated that the booster would attempt to land on SpaceX drone ship Just Read The Instructions after launch, passing up a Return-to-Launch-Site (RTLS) recovery at the freshly-coronated Landing Zone 4 (LZ-4) due to the significant weight and suboptimal trajectory of Iridium’s payload.
Barring unexpectedly heavy payloads, high-energy orbits, or new launch contracts, it’s probable that Iridium-8 will be the company’s last drone ship rocket recovery on the West Coast for at least a year, if not longer. The only unknown is whether SpaceX needs to or is able to launch during harbor seal pupping season, lasting from March to June – if that environmental concern can be sidestepped or altogether avoided, there may be no reason for Just Read The Instructions to remain in California when the drone ship could instead move to Florida and immediately facilitate faster launch cadence or support Falcon Heavy missions that could benefit from multiple booster landings at sea.
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- B1048 returns to port on drone ship JRTI after its successful July 2019 launch debut. (Pauline Acalin)
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- It’s second landing marked the debut of SpaceX’s LZ-4 landing zone. B1048 may be a prime candidate for SpaceX’s first triple booster reuse. (SpaceX)
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According to CEO Elon Musk and other executives, SpaceX is already building a third autonomous spaceport drone ship (ASDS) for the same reasons, to be named A Shortfall of Gravitas (ASOG) upon completion. Earlier this summer, Musk stated that the new vessel could be completed as early as summer of 2019, although he has since also stated that the first full BFR launches may take place on a floating platform somewhere off the coast of the US, increasing the probability of SpaceX delaying ASOG’s construction to allow for future use as both a launch and landing platform.
Probably ships next summer
— Elon Musk (@elonmusk) July 28, 2018
Triple booster reuse on the horizon
Returning to SpaceX’s Q4 2018 Vandenberg launch manifest, its launch of Spaceflight Industry’s SSO-A rideshare mission is expected to occur sometime next month and will likely be SpaceX’s second-to-last launch before the year is out. Notably, SpaceX executive Hans Koenigsmann recently suggested that SSO-A may end up playing host to the company’s first attempt to launch the same Falcon 9 booster three times. All previous Falcon 9 reuses have been the rockets’ second launches and typically saw SpaceX expend the booster in the ocean rather than recover it and attempt refurbishment for a third launch.
Falcon 9 Block 5, however, included a huge number of upgrades to the rocket’s overall stamina and reusability, theoretically raising the number of potential flights per booster from 10-100. Examined generally, moving from two to three flights per booster may seem inconsequential. The reality, however, is that the first true confirmation of the success or failure of SpaceX’s Falcon 9 Block 5 upgrade will be whether a Block 5 booster is able to safely complete three missions and do so with relative ease.
As SpaceX technicians and engineers gradually gain confidence with the new rocket iteration, debuted less than six months ago, the focus will eventually move from cautiously methodical design validation to rapid booster turnaround, eventually culminating in something approximating the 24-hour first stage reuse Musk challenged his company to achieve before 2019 is out. Ultimately, the third launch of a single Falcon 9 Block 5 booster will be the biggest step yet towards SpaceX’s ultimate goal of rapidly and affordably reusable orbital-class rockets.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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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.
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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.
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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.
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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
