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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.
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.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
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.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
