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SpaceX executive forecasts 6 Falcon Heavy launches in 12 months
A SpaceX sales executive predicts that the company will launch Falcon Heavy, currently the most powerful operational rocket in the world, up to six times in the next 12 months.
Following years of delays and anticipation as SpaceX waited for the right moment to move forward with the massive rocket, Falcon Heavy debuted in February 2018 by launching CEO Elon Musk’s original Tesla Roadster into interplanetary space. The debut was nearly flawless and only marred by the loss of one of the rocket’s three first-stage boosters, which failed to touch down on a drone ship stationed in the Atlantic Ocean. In just a small taste of things to come, Falcon Heavy’s second launch followed 14 months later.
That April 2019 launch marked the rocket’s first commercial mission and sent a large communications satellite into an extra-energetic geostationary transfer orbit. Less than three months later, Falcon Heavy completed its third launch – a demonstration mission for the US Air Force. Such a quick turnaround raised hopes, but that optimism was unfortunately unfounded. 39 months later, it’s still hard to say when Falcon Heavy will finally launch for the fourth time.
Contrary to the connotations such a long gap between launches might evoke, Falcon Heavy’s manifest has grown at a respectable rate and currently sits at 11 launches. That includes two commercial satellite launches and three launches for the US military, but NASA (directly and indirectly) is by far SpaceX’s most eager Falcon Heavy customer with six firm launches booked and options for another two.
For years, however, all supposedly near-term Falcon Heavy launches have been more or less indefinitely delayed by payload problems. SpaceX has had no issues building and qualifying a huge amount of Falcon Heavy hardware for those missions, but the lack of payloads ready to fly has forced the company to find places to store all seven boosters – more than a third of its fleet – indefinitely.
That may finally change. Speaking on a panel at the 2022 World Satellite Business Week, SpaceX Vice President of Commercial Sales Tom Ochinero told the audience that the company has six Falcon Heavy launches scheduled in the next 12 months.
It’s possible that Falcon Heavy could end its launch hiatus and kick off that six-mission streak in the very near future. Spaceflight Now, a reliable source of launch schedules, recently updated its Launch Schedule to move Falcon Heavy’s USSF-44 mission up from late 2022 or 2023 to October 2022. Next Spaceflight, another reliable primary source, concurs. Both sources also agree that two additional missions (ViaSat-3 and USSF-67) could also launch this year.
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For USSF-44 and ViaSat-3, Falcon Heavy will launch both sets of payloads directly into geostationary orbit – a type of mission SpaceX has never attempted. The rocket’s upper stage will need to survive a roughly six-hour coast in space and a trip through Earth’s radiation belts before firing up for a long burn to circularize its orbit around 36,000 kilometers (~22,300 mi) above the planet’s surface. To leave the upper stage with enough propellant for such a challenging task, SpaceX will intentionally expend one of Falcon Heavy’s three boosters during each launch. It remains to be seen which mission will launch first.
Given the history of all six of Falcon Heavy’s near-term missions, it’s safer to assume that the rocket isn’t going to launch at all in 2022 until a fully assembled vehicle has rolled out to the launch pad. For a late October launch, the USSF-44 payload(s) would need to arrive in Florida any day now, and SpaceX would need to start transporting Falcon Heavy boosters to Pad 39A’s integration hangar within a week or two to begin assembling the rocket. If that process begins, it’s likely that one or several of those distinct boosters will be spotted on their way to Pad 39A.
Including USSF-44, unofficial public manifests like Spaceflight Now and Next Spaceflight agree with Ochinero’s assertion that SpaceX has six Falcon Heavy missions tentatively scheduled in the next 12 months. Unspecified US military contractors are currently stumbling over themselves to prepare several satellites for launch: USSF-44 NET October 2022, USSF-67 NET December 2022, and USSF-52 NET April 2023. ViaSat and EchoStar contractors Boeing and Maxar are also struggling to prepare two massive commercial communications satellites for launches in November 2022 and January 2023. Finally, NASA’s Psyche asteroid explorer could be ready for its second launch attempt as early as July 2023 if the agency decides to proceed.
Delays are virtually guaranteed. Stay tuned for updates.
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
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The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
