News
SpaceX’s third Falcon 9 launch in 31 hours aborted by “tiny helium leak”
SpaceX’s third Falcon 9 launch in a little over 31 hours was called off seconds before liftoff after the rocket’s onboard computer detected what Elon Musk says was a “tiny helium leak.”
SpaceX takes “no risks with customer satellites,” per the CEO, so the company has stood down from its October 6th launch attempt to inspect the rocket, analyze data gathered from tonight’s attempt, and ensure everything is in order. Barring surprises, SpaceX will attempt to launch Intelsat’s Galaxy-33 and Galaxy-34 geostationary communications satellites at the next earliest opportunity, a 69-minute window that opens at 7:06 pm EDT (23:06 UTC) on Friday, October 7th.
The abort ends an opportunity SpaceX had to launch three Falcon rockets faster than ever before, but the company was still able to crush a different (internal) record with two Falcon 9 launches in seven hours on October 5th. Thanks to its relentless pursuit of ever-higher launch cadences, SpaceX will likely have many opportunities to break its record of three launches in ~36 hours over the next several months.
Intelsat’s Galaxy-33/Galaxy-34 (G33/G34) mission would have been SpaceX’s third Falcon 9 launch in 31 hours and 20 minutes following the successful October 5th launches of Crew-5 (carrying four astronauts) at 12:00 pm EDT and Starlink 4-29 (deploying 52 Starlink satellites) at 7:10 pm EDT. The hat-trick record for a non-SpaceX vehicle appears to have been previously held by the Soviet R-7 rocket family, which completed three launches in 40 hours in March 1978.
SpaceX broke that record in June 2022 when it launched Starlink 4-19, SARah-1, and Globalstar FM15 a little over 36 hours apart. It will now have to wait for another opportunity to break its own record, though it likely won’t be too long as the company continues to target 60 launches in 2022 and “up to” 100 launches in 2023.
According to a SpaceX launch controller, Falcon 9’s first ill-fated Galaxy-33/Galaxy-34 launch attempt was aborted automatically when the rocket’s flight computer “identified higher than expected cryo helium decay.” SpaceX’s Falcon rockets burn a combination of cryogenic liquid oxygen and chilled rocket-grade kerosene (RP-1), but they carry composite overwrapped pressure vessels (COPVs) filled with high-pressure helium gas to keep their propellant tanks pressurized as they’re drained. If SpaceX’s much larger Starship rocket shares some similarities, the company may also use a system of “helium injection” [PDF] inside Falcon 9 to keep its cryogenic oxygen and chilled kerosene as cold as possible. Musk later simplified the cause of the abort to a “tiny helium leak,” but the location of the leak (inside or outside of the rocket) was not specified.
Two hours before that, the Crew Dragon spacecraft SpaceX launched the day prior successfully docked with the International Space Station (ISS), delivering its ‘payload’ of four professional astronauts to the orbital outpost. One of those passengers is Russian cosmonaut Anna Kikina, marking the first time an American spacecraft has ferried a Russian to the ISS in almost 20 years. That milestone has unfortunately been muddied and overshadowed by the country’s illegal, genocidal, and increasingly suicidal invasion of Ukraine.
Crew-5 is the seventh Crew Dragon to successfully transport astronauts to the ISS and SpaceX’s eighth crewed launch overall since May 2020. Flying for the second time, Crew Dragon capsule C210 docked on its first try after a smooth 29-hour rendezvous. About a week from now, another crew of four astronauts will board a different Crew Dragon spacecraft and return to Earth, handing off the ISS to Crew-5 and ending SpaceX and NASA’s Crew-4 mission.
SpaceX is scheduled to launch at least one more batch of astronauts for NASA in March or April 2023, meaning that the company is expected to singlehandedly ensure NASA access to the ISS for almost three full years. At the start of the Commercial Crew Program and for most of its development, NASA intended for partners SpaceX and Boeing to alternate, but Boeing’s Starliner spacecraft is years behind schedule.
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.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
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.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
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.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
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.
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.
In early 2026, Tesla made a bold strategic pivot: it largely eliminated the option to purchase Full Self-Driving (FSD) software outright and shifted to a subscription-only model. The change, effective around mid-February, ended the one-time fee that had previously ranged as high as $15,000 and later dropped to $8,000. Instead, customers would access FSD (Supervised) for $99 per month in the U.S.
At the time, skeptics questioned whether locking customers into recurring payments would hurt adoption or alienate buyers who preferred ownership of the feature. Tesla bet that a lower barrier to entry, seamless integration at purchase, and the ability to cancel at any time would drive higher uptake.
The results from Q2 2026 speak for themselves: the decision has been a resounding success, delivering the largest quarterly growth in FSD subscriptions in the company’s history.
Tesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026.
Tesla added more FSD subscribers in Q2 than in any quarter in its history. pic.twitter.com/jTciTD2JqW
— Sawyer Merritt (@SawyerMerritt) July 22, 2026
According to Tesla’s Q2 shareholder update, active FSD subscriptions reached 1.48 million globally by the end of June 2026. That represents a 56 percent increase year-over-year and a 15.6 percent jump from the prior quarter. Tesla added roughly 200,000 new subscriptions in the period alone—the biggest single-quarter gain on record.
North America led the charge, with more than 55 percent of new vehicle deliveries including an FSD subscription at the time of purchase, a record attach rate for the region.
Tesla explicitly noted that “more customers [are] opting for subscription at the time of vehicle purchase,” crediting the model shift and prominent placement of the option in the ordering process. Subscriptions now contribute meaningfully to ancillary revenue, helping offset pressure elsewhere in the business.
The financial upside is substantial: At $99 per month, 1.48 million active subscriptions generate approximately $146.5 million in monthly recurring revenue. Over a full year, that equates to roughly $1.76 billion in annualized recurring revenue (ARR) from FSD subscriptions alone, assuming steady retention and no major pricing changes.
These figures represent pure, high-margin software revenue. Unlike vehicle sales, which carry production costs, warranty obligations, and supply-chain risks, FSD subscriptions flow largely to the bottom line once the software is developed and deployed over-the-air.
Tesla does not break out exact FSD subscription revenue in its filings (it sits within “Services and Other”), but the category grew 50 percent year-over-year in Q2, with executives highlighting subscriptions as a key driver.
The subscription model offers several structural advantages. It lowers the upfront cost of a new Tesla, potentially broadening the buyer pool and supporting vehicle demand, especially important amid fluctuating EV market conditions. It creates a predictable revenue stream that compounds as the fleet grows and more owners try (and stick with) the software.
Legacy one-time purchasers still exist, but new growth is overwhelmingly subscription-based following the February cutoff.
Early data also suggests improving retention and satisfaction, as well. Tesla has rolled out iterative FSD updates, including v14 features, and expanded availability to additional markets. Recent regulatory approvals in parts of Europe have further boosted interest, with owners in newly enabled countries eager to activate the software they had been waiting for.
FSD is still supervised; regulatory hurdles for true unsupervised autonomy persist in many regions, including the United States, and competition in advanced driver-assistance systems is intensifying. Yet the Q2 numbers validate Tesla’s bet: by removing the large upfront commitment and making FSD accessible via subscription, the company has accelerated adoption faster than many anticipated.
What began as a controversial switch-up has become a clear win. With nearly 1.5 million subscribers, record attach rates, and nearly $1.8 billion in potential annual recurring revenue already in view, Tesla’s FSD business is transitioning from a promised future to a tangible, fast-growing profit engine.
If the momentum continues, and especially if unsupervised capabilities unlock robotaxi opportunities, the subscription flywheel could become one of the most valuable assets in Tesla’s portfolio.
Elon Musk claps back at France’s Tesla Full Self-Driving approval delay
Google’s massive stake in SpaceX will shock you
