SpaceX
SpaceX bags 60th successful Falcon 9 launch eight years after rocket’s debut
Following the successful separation of the ~7 metric ton satellite Telstar 18V after a nominal orbit insertion, SpaceX’s venerable Falcon 9 rocket can now lay claim to a full 60 successful orbital missions completed over the course of its relatively brief eight-year career as a commercial launch vehicle.
Telstar 18V – the second heaviest commercial satellite ever launched into orbit – is now free to make its way into a final geostationary orbit ~35,800 km (~22,250 mi) above Earth’s surface, where it will serve the Eastern Hemisphere with a variety of communications services, ranging from TV to internet.
https://twitter.com/_TomCross_/status/1039020007987077121
After Falcon 9’s upper stage separated from the first stage and pushed onwards to a low Earth parking orbit, Falcon 9 Block 5 booster B1049 flipped around using an array of powerful cold-gas nitrogen thrusters and arced towards a now-routine drone ship landing roughly 700 kilometers off the Florida coast, breaking the satellite communications link as per usual before appearing aboard Of Course I Still Love You.
With Hurricane Florence nipping at the drone ship and its entourage’s heels, SpaceX will likely try to quickly usher the Falcon 9 booster back to Port Canaveral, where it will be offloaded, brought horizontal, and transported to a local facility for refurbishment ahead of its next flight, hopefully the first of many to come. Falcon 9 Block 5 has been designed – nominally – for rapid and extensive reusability, perhaps up to 100 flights per booster with routine maintenance (10 flights with minimal refurbishment) and turnaround as rapid as 24 hours for the same core. While it appears that there may be a significant amount of work left before those aspirational figures can be made real, Block 5 is clearly a major step forward for the Falcon 9 family and includes – aside from reusability – upgrades that will enable the rocket to launch NASA astronauts aboard Crew Dragon with extreme reliability.
- Falcon 9 B1049 and Telstar 18V. (SpaceX)
- Falcon 9 B1049 and Telstar 18V. (SpaceX)
- Falcon 9 B1049 and Telstar 18V. (SpaceX)
- Liftoff! (SpaceX)
- Falcon 9 B1049 completes its reentry burn. (SpaceX)
- Falcon 9 B1049 completes its reentry burn. (SpaceX)
- B1049 stands proud after a successful landing aboard drone ship OCISLY. (SpaceX)
- Falcon 9’s upper stage seen in orbit shortly after launch. (SpaceX)
- Falcon 9’s upper stage seen in orbit shortly after launch. (SpaceX)
- The 7060 kg Telstar 18V drifts gracefully away from Falcon 9 S2 into orbital glare. (SpaceX)
- The 7060 kg Telstar 18V drifts gracefully away from Falcon 9 S2 into orbital glare. (SpaceX)
- (Tom Cross)
Compared alongside almost all other modern rockets, Falcon 9 is exceptional for the sheer speed with which it has burst onto the commercial launch scene, with Boeing’s nearly-retired Delta II family of rockets the only vehicle to hold a candle to Falcon 9 in terms of competitive advantage. Delta II, which debuted in 1989, managed a thoroughly impressive seven launches in its first year of operations and a full 55 launches (53 successes, 1 partial failure, 1 total failure).
With one partial in-flight failure (a secondary payload loss during CRS-1), one total in-flight failure (CRS-7), and one on-pad failure (Amos-6), Falcon 9 is truly comparable with Delta II, although Boeing’s expendable launch vehicle has, of course, remained permanently expendable, and relied almost unilaterally upon the US government for all but a small handful of its first several dozen launches. SpaceX’s Telstar 18V success is just one of many examples of this difference of interest in commercial competition, and a full 12 of the 16 missions SpaceX has now launched in 2018 flew commercial satellites and were awarded to the launch company on a competitive basis.
https://twitter.com/_TomCross_/status/1039031282339127297
Up next for SpaceX is Argentinian Earth observation satellite SAOCOM-1A, scheduled to launch from California’s Vandenberg Air Force Base atop a flight-proven Falcon 9 Block 5 booster no earlier than October 7th.
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!
Elon Musk
Grok Bot users hit with weekly limits early, Elon Musk explains what happened
Elon Musk said weeks ago during SpaceX’s third-quarter earnings call that the company’s Grok Bot, its autonomous AI Agent platform, was showing “the fastest growth of a product” that he’d ever seen in his life.
Now, SpaceXSI is scaling back Grok Bot users’ weekly limits, much to the surprise of those who have relied on it to take away monotonous tasks in their lives.
Elon Musk’s terse November 1 reply on X captured a sharp tension in the early days of agentic AI. Responding to a user who asked for a Grok Bot usage reset after hitting 100 percent with four days still left on the weekly cycle, Musk wrote: “The cost of serving Grok Bot was unsustainably high relative to revenue.”
@DogecoinNorway The cost of serving Grok Bot was unsustainably high relative to revenue
— Elon Musk (@elonmusk) November 1, 2026
The post arrived amid a wave of similar complaints from paying subscribers whose meters had jumped unexpectedly toward or to the limit, sometimes overnight and with little corresponding activity. It also stood in clear contrast to statements Musk had made only days and weeks earlier.
On the SpaceX third-quarter earnings call in mid-to-late October, Musk had described Grok Bot in almost the opposite terms. He called it “the fastest growth of a product that I’ve ever seen in my life” and said he had “never seen anything grow this fast.”
Company figures put paid weekly users at roughly 800,000 earlier in the month, more than doubling over the prior period. Daily active users had climbed from under 100,000 in early September to over 600,000 by late October.
Musk emphasized that the product has no free tier and that users appear to be getting real value beyond what they pay. In other remarks, he noted that usage per user was rising rather than declining, the opposite of the usual decay pattern for new software.
Grok Bot, launched around August, functions as an always-available agent with its own persistent cloud computer; it can schedule, research, shop, browse, and execute multi-step workflows even after the user steps away. Access is bundled into X subscription tiers (roughly $30, $100, and $200 per month) and certain Cursor plans, drawing from shared weekly usage pools whose exact sizes have not been publicly detailed.
The economics of that model are what Musk’s November 1 post put in the spotlight. Agentic systems burn far more compute than ordinary chatbot exchanges. Each task can trigger repeated model calls, tool use, web actions, and sustained background work.
When growth is as rapid as Musk celebrated, the absolute compute bill scales quickly even if average revenue per user stays fixed under flat monthly subscriptions. Industry observers noted the opportunity cost as well: the same GPUs can be rented to other AI labs at higher rates.
A simple back-of-the-envelope comparison circulating after the post illustrated the gap: if every reported daily user paid the top tier, annualized subscription revenue would still be modest relative to the scale of compute infrastructure SpaceX is building and leasing to companies like Anthropic.
Some users also reported possible dashboard anomalies around the same period, though Musk’s framing treated the underlying cost-revenue imbalance as the core issue rather than a pure metering glitch.
The juxtaposition is the core of this exchange. Within roughly two weeks of publicly framing Grok Bot as an unprecedented success with strong unit economics and no free tier, Musk acknowledged that serving the same product had become unsustainable relative to the revenue it generates.
For the broader industry, the episode underscores a structural challenge of the agent era: demand is real and growing faster than many expected, yet the cost of fulfilling that demand through always-on, multi-step agents can outrun subscription pricing before companies can adjust limits, introduce metered billing, or raise prices.
Musk’s reply did not promise an immediate reset or higher allowances; it simply stated the constraint. In doing so, it supplied a rare, explicit public data point on the unit economics of a high-profile AI agent just as adoption numbers were still being celebrated as the fastest in Musk’s experience.
The tension between rapid, paid growth and the compute required to deliver it is now on the record.
Elon Musk
Elon Musk calls Earth’s data centers “peanuts” next to what SpaceX is planning in orbit
Elon Musk says SpaceX capex efficiency is underestimated as orbital data centers loom by 2028.
Elon Musk is pushing back on one of the biggest worries hanging over SpaceX stock. In a reply on X on Sunday, Musk said the company’s capital expenditure efficiency is severely underestimated. He was responding to a Milk Road Stocks post citing analyst Kyle Reidhead, who estimates SpaceX will need to spend roughly $470 billion over the next five quarters.
Reidhead built that figure around the target SpaceX set on its third quarter earnings call: 13 gigawatts or more of compute by the end of 2027. In his breakdown, Nvidia captures 83 to 89 percent of the spending. SpaceX ended the quarter with 1.7 GW of nameplate compute and guided to $35 billion to $40 billion in fourth quarter capex, as Teslarati reported.
Musk did not attach a number to his claim, but the earnings call shows the argument. CFO Bret Johnsen said new compute currently pays for itself in under a year at today’s pricing, and Musk said that window could shrink to six months next year. Using that pace, Reidhead argues about $230 billion of the $470 billion could come from operating cash flow and about $60 billion from SpaceX’s roughly $90 billion cash pile, leaving around $180 billion to borrow. Musk confirmed last week that SpaceX had already closed a new $40 billion debt raise to buy GPUs.
The ground buildout is not the end goal. It is what is meant to pay for the move to orbit. Replying on Friday to charts built from Sequoia partner Shaun Maguire’s SpaceX model, Musk wrote that “Terrestrial compute will be peanuts compared to orbital compute,” adding that orbital compute deployed per month “probably exceeds terrestrial around the end of 2028 and then far exceeds it in 2029.”
Maguire’s model shows how steep that path is. It has capex climbing from $88 billion this year to $290 billion in 2027 and $369 billion in 2028, with SpaceX burning $77.8 billion in cash this year and $122.6 billion next year before turning $114.9 billion cash positive in 2028. Musk’s response to the model was, “I think we can do better.”
The orbital half runs through Starmind. SpaceX plans to operate up to 1 million AI satellites flying in clusters of about 10, linked by roughly 10 terabits of bandwidth, with deployment of thousands of units starting as soon as late 2027 out of its Gigasat factory in Bastrop, Texas, according to SpaceX’s space safety page. Musk has said each Starmind spacecraft will carry more than 250 kW of solar power.
Getting there depends on launch volume. Maguire’s model assumes 250 Starship flights in 2028, up from two this year and 38 next year. The nearer test is financial: SpaceX guided to $33 billion to $37 billion in first quarter 2027 revenue, more than double the $14.58 billion it booked in Q3, and Musk reposted that guidance again on Sunday morning.
Elon Musk
SpaceX President to gift Trump Accounts her SpaceX stock
Gwynne Shotwell’s 2 million SpaceX shares are headed to children’s Trump Accounts starting this December.
SpaceX President Gwynne Shotwell said Friday that more than 2 million SpaceX shares belonging to her and her husband, Robert, will be distributed to children’s Trump Accounts in December, turning a pledge she made over the summer into an actual transfer. “Robert and I are thrilled that our gift of over 2 million shares of SpaceX stock will be distributed to children’s Trump accounts in December!” Shotwell wrote on X, adding that the shares are “transferring to escrow as we speak.”
The first round goes to children aged 11 to 17 who live in ZIP codes where the median family income is $57,000 or less, along with kids in ZIP codes with too few residents for the Census to report that figure. Shotwell said those families should receive a notice by Monday, Reuters reported.
A second gift is expected to be finalized in the next few weeks. That round will cover eligible children in military families serving overseas, children in foster care, and more kids in Texas counties near the Shotwells’ home where median family income is $90,000 or less. Elon Musk replied to the announcement with “Cool” and a heart emoji.
Shotwell first announced the donation on July 6, less than a month after SpaceX priced its record IPO at $135 per share on the Nasdaq. IPO filings showed Shotwell owned about 12.6 million SpaceX shares, Quartz reported at the time, which makes the gift roughly one sixth of her stake. At the roughly $146 per share used to value Musk’s own pledge earlier this month, 2 million shares are worth about $290 million.
How the stock would actually reach the accounts had been an open question since July. Treasury guidance acknowledged that stock donations could flow into Trump Accounts, but it did not explain the mechanics for a program whose contributions default into an S&P 500 index fund. Shotwell thanked the Treasury, the IRS, the Dell Foundation, Greater Horizons, Invest America and the law firms Morgan Lewis and Gibson Dunn for “working over the past few months to make this happen.”
The transfer also works as a dry run for a far larger gift. On October 19, Musk said he would give one of his SpaceX shares to every kid in America next year and called it “the first of many.” With roughly 72 million children in the country, that pledge is worth about $10.5 billion. President Donald Trump thanked Musk the same day and said the shares would go through Trump Accounts, though neither SpaceX nor the Treasury has published how or when that distribution will happen.
Shotwell’s recipients also fill a gap in the program itself. Trump Accounts launched on July 4, and the $1,000 Treasury deposit only goes to babies born between 2025 and 2028. Teenagers aged 11 to 17 receive no government seed money, so for many of the families getting a notice on Monday, SpaceX stock will be the first asset in the account. The accounts convert into retirement accounts when the child turns 18.











