News
SpaceX tracks towards first launch of 2019 with flight-proven Falcon 9 static fire
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.
Static fire test of Falcon 9 complete. Working with customer to determine best launch opportunity to complete the Iridium NEXT constellation; will announce targeted launch date once confirmed.
— SpaceX (@SpaceX) January 6, 2019
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.
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.
@SpaceX #falcon9 vertical at SLC-4. Iridium NEXT-8 slated for 01/08 from #VandenbergAFB. #spacex #iridium pic.twitter.com/uJBIgG5Lrp
— Brian Sandoval (@sandovalphotos) January 6, 2019
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.
- A rare glimpse inside SpaceX’s SLC-4 rocket integration hangar, January 2017. (SpaceX)
- Iridium-7’s Falcon 9 payload fairing, July 2018. (Pauline Acalin)
- LEO communications satellites like Iridium’s NEXT constellation feature totally flat panels of phased array antennas, capable of forming beams digitally. (Harris)
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.
- Falcon 9 B1041.2 seen before launching Iridium-5. (Pauline Acalin)
- Iridium-1’s successful and scenic landing on Pacific drone ship JRTI, January 2017. This could be an increasingly rare occurrence in the Pacific, thanks to SpaceX’s new land-based landing zone. (SpaceX)
- 2017 saw SpaceX recovery 10 Falcon 9 first stages, 5 by sea. (SpaceX)
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.
Iridium open to rideshares for spare satellite launches https://t.co/ino39oWCHw pic.twitter.com/56PTcaEMW3
— SpaceNews (@SpaceNews_Inc) January 4, 2019
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!
Investor's Corner
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.





