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SpaceX aces 60th orbital launch of 2022
SpaceX has completed its 60th orbital launch of 2022, marking the first time the company has fully hit a public cadence target set by one of its executives.
By every possible measure, 2022 has been a groundbreaking year for SpaceX even when considering the vast list of achievements it’s racked up over the last half-decade. It owns and operates the largest satellite constellation in history by an order of magnitude. Its Starlink satellite internet service has secured more than a million subscribers less than two years after entering beta. It operates the only routinely reusable orbital-class rockets and orbital spacecraft currently in service. Its Falcon 9 workhorse has launched more in one year than any other single rocket in history. It’s regularly launching at a pace that hasn’t been sustained by any one country – let alone a single company – in 40 years. It’s managing that near-historic cadence while simultaneously recovering and reusing boosters and fairings that represent some 70% of the value of almost every rocket it launches.
And now, SpaceX can also proudly show that it was able to hit a launch cadence target that seemed impossibly ambitious when CEO Elon Musk first shared it nine months ago.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Exactly nine months later, SpaceX has just completed its 60th launch of 2022. 69 days after its last orbital-class launch, Falcon 9 booster lifted off for the 11th time with a somewhat mysterious batch of 54 Starlink satellites. A bit less than nine minutes after liftoff, B1062 touched down 660 kilometers (410 mi) downrange on SpaceX drone ship A Shortfall Of Gravitas (ASOG). Seconds prior, Falcon 9’s expendable upper stage reached orbit, shut down its lone Merlin Vacuum engine, and began slowly spinning itself end over end.
Nineteen minutes after leaving the ground, the stack of 54 Starlink satellites was released all at once, slowly spreading out like a splayed deck of cards. Over the coming hours, days, and weeks, those satellites will naturally spread out, deploy solar arrays, stabilize their attitudes, test their payloads, and begin climbing toward an operational orbit somewhere between 480 and 580 kilometers (300-360 mi) above Earth’s surface.
As previously discussed, SpaceX’s so-called “Starlink 5-1” mission raises a number of questions that the company’s launch webcast and communications unfortunately failed to answer. First and foremost, the “5-1” name is nonsensical. The only information SpaceX did disclose about the mission is that it’s the “first [launch] of Starlink’s upgraded network…under [a] new license,” implying – but not actually confirming – that “Starlink 5-1” is the first launch for the Starlink Gen2 constellation.
The orbit the launch targeted only matches one of the Gen2 ‘shells’ the US Federal Communications Commission (FCC) recently approved. Using a naming scheme that’s been consistent for a year and a half, “5-1” implies that the mission is the first launch of Starlink Gen1’s fifth ‘shell’ or group, which the orbit it was actually launched to explicitly makes impossible. It’s very odd that SpaceX did not explicitly call the mission what it actually is: the first launch of an entirely new Starlink Gen2 constellation. The name ultimately doesn’t matter much, but is now likely to create confusion given that SpaceX’s Starlink Gen1 constellation has a fifth shell that may begin launches in the near future.
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Additionally, outside of a single obscure FCC filing submitted two months ago, it’s long been stated and implied that the Starlink Gen2 constellation’s main advantage over Gen1 was the much larger size of the Gen2/V2 satellites. But the satellites launched on “Starlink 5-1” appear to be virtually identical to all recent Starlink V1.5 satellites, which CEO Elon Musk once suggested were so cost-inefficient that they could risk bankrupting SpaceX in November 2021.
There is one obvious explanation for why SpaceX would launch ordinary Starlink V1.5 satellites in place of the larger V2 variants that will supposedly make the internet constellation more financially sustainable: a desire to add new customers as quickly as possible, no matter the relative cost. While a much smaller V1.5 satellite likely offers around 3-8 times less usable bandwidth than one of the larger V2 variants SpaceX is developing, it may still be true that a V1.5 satellite is better than nothing while larger V2 satellites are stuck behind development delays or waiting on SpaceX’s next-generation Starship rocket.
SpaceX will almost certainly want to replace any V1.5 satellites with V2 satellites when the opportunity arises, but in the meantime, V1.5 satellites launched as part of the Gen2 constellation may technically allow SpaceX to temporarily double the amount of bandwidth available where most people (and Starlink customers) live. Ultimately, that means that it makes a lot of sense for SpaceX to prioritize Gen2 launches. It doesn’t appear that SpaceX will go that far, but the Starlink Gen1 constellation is so far along that the company could easily leave the constellation as-is and prioritize Gen2 Falcon 9 launches for all of 2023 without risking an FCC penalty. SpaceX simply needs to finish its Gen1 constellation before April 2027 to avoid breaking those rules.
Instead, it looks like SpaceX will roughly split its launch and V1.5 satellite manufacturing capacity between Starlink Gen1 and Gen2 moving forward. That will let SpaceX significantly expand bandwidth where most customers live while also finishing the polar-orbiting Gen1 shells that will let the older constellation better serve maritime and aviation subscribers, and reach Starlink’s most remote customers.
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Elon Musk has declared that SpaceX has effectively solved one of Starship’s most persistent engineering challenges: the reliability of its heat shield tiles.
During the company’s first-ever Earnings Call, the SpaceX CEO stated:
“I don’t want to jinx it or anything, but I think I would call the heat shield problem solved at this point. All indications from data and visual inspection is we have solved it. That doesn’t mean we won’t make improvements, but we do not see any technical obstacles to achieving rapid reusability at this point.”
Starship’s heat shield consists of roughly 18,000 hexagonal ceramic tiles covering the windward side of the upper stage. These tiles form the thermal protection system that shields the vehicle’s stainless-steel structure from the extreme heat of atmospheric reentry.
Elon says he believes the heat shield problem with Starship is currently solved.
He called it “arguably the single biggest problem” pic.twitter.com/eEE9vM5zlz
— TESLARATI (@Teslarati) August 4, 2026
During descent, atmospheric friction generates temperatures exceeding several thousand degrees Celsius and creates plasma flows capable of melting unprotected metal. The tiles absorb, radiate, and insulate against this energy, allowing the vehicle to survive and potentially fly again. Without a durable heat shield, full and rapid reusability, the cornerstone of Starship’s design for frequent launches, satellite deployments, and deep-space missions, would remain impossible.
The tiles have long been a source of difficulty. On earlier test flights, a significant number of tiles detached during ascent due to vibration, aerodynamic loads, and imperfect attachment methods using pins and adhesives. Gaps between tiles allowed hot plasma to infiltrate, causing secondary damage and hot spots on the underlying structure.
These issues echoed challenges faced by NASA’s Space Shuttle, whose ceramic tiles required extensive, labor-intensive inspections and replacements between missions, preventing rapid turnaround. SpaceX has iteratively improved materials, standardized tile shapes, refined attachment techniques, added secondary ablative layers, and tested sealing methods such as “crunch wrap” felt to close gaps.
Progress was visible across Flights 10–12, with steadily better tile retention, yet questions remained about whether the system could support the minimal-refurbishment goal of rapid reuse.
Flight 13 on July 24 provided the decisive evidence. Ship 40 flew a deliberately more demanding profile with higher dynamic pressure to stress the heat shield beyond typical operational loads. It successfully deployed 20 operational Starlink V3 satellites, the first such payload on a Starship mission, performed an in-space Raptor engine relight, and executed a controlled reentry.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Cameras on six of the satellites and onboard sensors captured extensive imagery and data of the shield throughout the flight. The ship then achieved its softest splashdown to date in the Indian Ocean, remaining intact and floating rather than breaking apart or exploding as on prior missions. This allowed drone inspections and continuous telemetry of the heat shield in near-real time.
Post-flight analysis showed the majority of tiles remaining attached with only minor damage and limited plasma streaking at seams. Musk noted that the mission delivered “all the heat shield data we needed and then some.” Combined with visual inspections, these results underpinned his subsequent assessment that the core technical barriers to rapid reusability have been cleared. While refinements will continue, Flight 13 marked a pivotal step toward Starship’s operational future.
SpaceX COO Gwynne Shotwell outlined ambitious plans for Starlink Mobile during the company’s August 4 Earnings call, signaling a direct challenge to U.S. wireless giants like AT&T, T-Mobile, and Verizon.
Shotwell noted that the three companies generate roughly $600 billion in combined annual revenue. “I anticipate us to be able to acquire quite a few of their customers because I think our service will be better,” she said. “We will eliminate dead zones leveraging the satellites in orbit. It will be better during any natural disaster… I’m quite excited about Starlink Mobile.”
SpaceX President & COO Gwynne Shotwell on @Starlink Mobile and its impact on Verizon, AT&T and T-Mobile:
“Roughly, between them, $600 billion a year. I anticipate us to be able to acquire quite a few of their customers. Our service will be better. We will eliminate dead zones… pic.twitter.com/UYZUkrGc0L
— Sawyer Merritt (@SawyerMerritt) August 4, 2026
SpaceX intends to combine its satellite constellation with terrestrial infrastructure. The company has acquired about 65 MHz of spectrum from EchoStar and plans to deploy next-generation Starlink Mobile satellites in 2027, with upgraded service targeted for the end of that year.
Shotwell described the enhanced network, leveraging more satellites and spectrum, as potentially “100 times better” than the current direct-to-cell offering, which already supports basic texting and app-based voice/video in coverage gaps through partnerships. She also indicated plans for low-cost cellular base stations that could integrate with existing Starlink dishes, creating a hybrid system for broader capacity in urban, suburban, and rural areas.
For the general public, Starlink Mobile promises significant advantages. Satellite connectivity can fill gaps where traditional cell towers fail, delivering service in remote locations, mountains, or during outages caused by storms, wildfires, or infrastructure damage—conditions in which ground networks often collapse.
Users could enjoy more consistent coverage without relying solely on dense tower builds, potentially at competitive prices as SpaceX scales. The hybrid approach aims to support full mobile services, including higher-speed data, while working with unmodified smartphones over time.
These developments revive long-standing but unfounded rumors of a Musk-developed “Tesla phone.” Speculative claims of a “Pi Phone” or similar device with built-in Starlink connectivity have circulated for years on social media, often featuring fabricated images and details. Elon Musk has repeatedly denied any such plans, stating Tesla has no intention of entering the smartphone market unless forced by extreme circumstances with app stores.
No official product, filings, or development announcements have ever materialized; the rumors remain hoaxes.
The announcement quickly pressured telecom stocks. Shares of AT&T, Verizon, and T-Mobile fell between roughly 2 and 4 percent in after-hours and premarket trading as investors weighed the competitive threat from a hybrid satellite-terrestrial network.
While execution challenges remain—spectrum deployment, infrastructure rollout, and regulatory hurdles—Shotwell’s remarks mark SpaceX’s clearest signal yet of entering the consumer mobile market as a full competitor.
Venture capitalist Chamath Palihapitiya has cautioned investors shorting SpaceX shares, drawing a direct parallel to the intense short-selling pressure Tesla faced in its early public years.
Responding to reports of elevated short interest in the newly public rocket, satellite, and AI company, Palihapitiya noted that similar dynamics played out with Tesla, where aggressive short sellers ultimately “went broke.”
SpaceX (NASDAQ: SPCX) went public on June 12, 2026, in the largest IPO on record, pricing at $135 per share. Shares quickly surged to an all-time high of $225.64 just days later, briefly implying a valuation exceeding $2 trillion. The stock has since retreated sharply amid valuation concerns, lockup expiration fears, and broader market dynamics.
By early August, it traded near $108–$125, representing a roughly 50 percent decline from the peak and bringing the market capitalization closer to the $1.5–1.7 trillion range. On August 4, shares closed up more than 9 percent at $125.33 ahead of earnings before facing pressure in after-hours and premarket trading.
Short interest has climbed dramatically. According to S3 Partners data widely cited in market reports, short positions reached approximately 219.3 million shares by late July, about 34 percent of the limited public float of roughly 640 million shares, and represented a notional value of around $24.6 billion.
Utilization of shares available to borrow hit 95 percent, with borrow fees rising. This level of shorting exceeded the dollar value of short bets against Tesla at the time and built rapidly ahead of two catalysts: the company’s first post-IPO earnings and an August 6 lockup expiration that could free up to 911.5 million additional shares.
CEO Elon Musk has issued warnings of his own. In mid-July, as short interest approached one-third of the float, he posted that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” reiterating his view that the company could ultimately be worth more than Earth if it achieves its goals.
On August 4, just before earnings, Musk responded to the latest short-interest data by saying, “I try to warn them, but they just double down.”
SpaceX delivered its first quarterly results as a public company after the close on August 4. Second-quarter revenue rose 92 percent year-over-year to $7.8 billion, beating consensus estimates near $6.8–6.9 billion.
The net loss narrowed to $541 million, or 9 cents per share, better than the roughly 23–24 cent loss expected. Starlink/connectivity contributed about $4.3 billion (up 66 percent), while the AI business generated $2.6 billion (up roughly 250 percent). Capital expenditures were heavy at $18.4 billion, largely tied to AI infrastructure. Management projected a $100 billion annualized revenue run rate by year-end 2026 and outlined a path toward $1 trillion in annual revenue by 2030.
The combination of Chamath’s historical reminder, Musk’s repeated alerts, and the company’s ambitious growth targets underscores the high-stakes debate surrounding SPCX. Short sellers are positioned for near-term supply pressure from the lockup, while long-term bulls point to Starlink scale, Starship progress, and AI compute expansion as reasons the bears may ultimately face the same fate as many early Tesla skeptics.
SpaceX has solved Starship’s biggest challenge, Elon Musk says
SpaceX is coming for wireless giants with Starlink Mobile
