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Merlin 1D's kerolox exhaust is a blindingly bright, opaque yellow-orange. (Tom Cross) Merlin 1D's kerolox exhaust is a blindingly bright, opaque yellow-orange. (Tom Cross)

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SpaceX tracks towards first launch of 2019 with flight-proven Falcon 9 static fire

Pictured here during its debut launch, Falcon 9 B1049 will support SpaceX's final Iridium launch in January 2019. (Tom Cross)

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SpaceX has completed a Falcon 9 static fire test ahead of the company’s first launch of 2019, kicking off what is looking to be a truly jam-packed year for Falcon 9 and BFR. Most important, of course, is SpaceX’s primary business and main sources of revenue – safely and reliably launching customer satellites, payloads, and – soon – astronauts into orbit.

Previously tasked with launching heavy communications satellite Telstar 18V in September 2018, Falcon 9 B1049 is now set to launch an arguably historic mission for both SpaceX and customer Iridium, the eighth and final contracted launch of the upgraded Iridium NEXT satellite communications constellation.

Struck all the way back in June 2010, Iridium’s decision to award the full NEXT constellation launch contract to SpaceX less than two weeks after Falcon 9’s first and only launch may well be the greatest calculated leap of faith in the history of commercial spaceflight. SpaceX did admittedly offer an unbeatable price ($492M for eight launches, $61.5M per launch) that may have allowed Iridium to afford a new constellation in the first place, but the risk Iridium took was truly immense at the time.

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Originally launched between 1997 and 1998, the first Iridium constellation became and still remains the only satellite communications constellation in history to offer global and persistent coverage anywhere on Earth, allowing those with Iridium devices to guarantee connectivity no matter where they are. To some extent, the original constellation has become a subtle but omnipresent backbone of a huge variety of ventures, companies, and services, ranging from marine vessel tracking and emergency response to the go-to solution for those heading far off the beaten path. As just one small example, SpaceX’s large fleet of sea-going vessels and its cross-country transport infrastructure both rely on Iridium for streamlined company-wide movement tracking, making life considerably easier for logistics and planning teams.

Iridium’s decision to use SpaceX for its NEXT constellation likely also gave SpaceX a massive stature boost, taking it from the company with just a handful of commercial contracts that had failed three of its last five launches to the company that secured what was at the time the largest single commercial launch contract in history. Alongside NASA’s Commercial Orbital Transport Services (COTS) and Resupply Services (CRS) commitments (~14 launches as of 2010), Iridium NEXT raised SpaceX’s commercial manifest from perhaps 2 missions to ~10 while also taking the value of those contracts from an almost negligible sum to well over half a billion dollars.

Although SpaceX and Iridium originally planned for launches to take place over a roughly 24-month period stretch from 2015 to 2017, unplanned technical delays and a duo of catastrophic Falcon 9 failures (CRS-7 and Amos-6) in 2015 and 2016 ultimately pushed Iridium NEXT’s launch debut back several years. Despite those immense hurdles and a range of smaller issues, SpaceX and Iridium were finally able to begin launching satellites in January 2017 and have continued to consistently do so every 3-4 months since then. Aside from one partial NASA rideshare mission that featured five NEXT satellites in May 2018, all seven launches have placed ten NEXT satellites (weighing approx. 10,000 kg or 22,000 lb total) in a variety of low polar orbits without a single known hitch.

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Falcon 9 enters the era of reusability

Closely following SES, NASA, and SSL (BulgariaSat), Iridium also became the fourth commercial entity to launch on a flight-proven Falcon 9 rocket for the launch vehicle’s fourth flight-proven mission ever. Iridium-8 will become the fourth constellation launch to fly aboard a sooty Falcon 9 rocket, meaning that a full 50% of the next-gen satellites will have launched on reused rockets, easily one of the coolest bragging rights ever. Currently standing at 65 NEXT satellites in orbit and rapidly nearing operational status, Falcon 9 B1049 and a fresh upper stage will (fingers crossed) place the last ten satellites in orbit to complete the constellation’s last plane and seal the last gap in its perfect global coverage.

Although NEXT would have been valuable for the sole reason that its predecessor satellites are now 5-10 years past their designed lifespans, NEXT will also serve to dramatically increase Iridium’s overall bandwidth, slash concurrent user bottlenecks, and provide a platform for new services like Aireon, which hopes to become the first operator of a truly commercial aircraft tracking service with global satellite-based coverage.

 

All things considered, it will be hugely bittersweet to watch Iridium and SpaceX’s direct relationship come to a close with the launch of Iridium-8. Aside from nine additional on-orbit spares once all 75 are launched, Iridium will also have a complement of six more spares that will be kept in storage on the ground until they are required in orbit. If or when those times come, SpaceX will be able to compete with other launch providers for the opportunity to carry maybe one or two Iridium satellites – likely as rideshare payloads – into orbit sometime in the future.

In the meantime, stay tuned for Iridium-8’s official launch time and date, likely to be announced by SpaceX sometime within the next 24-48 hours.


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!

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Investor's Corner

Tesla stock tumbles after earnings, one of its sharpest single-day declines

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Credit: Tesla

Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.

The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.

Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue

Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.

The losses on capex were expected, as Tesla said it would be spending heavily in 2026.

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Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.

The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.

Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.

Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.

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Elon Musk is not happy about this Tesla Full Self-Driving approval delay

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Credit: Tesla

Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.

Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.

Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.

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While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.

Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.

Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.

Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.

France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.

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Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.

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Investor's Corner

Google’s massive stake in SpaceX will shock you

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Credit: SpaceX

In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.

The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.

That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.

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Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.

The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.

Elon Musk sends first warning to SpaceX short sellers

Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.

For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.

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