News
SpaceX prepares to break ground on Starship launch facilities at Pad 39A
As of September 14th, SpaceX is nearly ready to break ground on what will likely be the first orbital-class Starship and Super Heavy launch pad, coming in the form of an addition to the company’s NASA-leased LC-39A pad at Kennedy Space Center.
Based on environmental assessment documents published in August 2019, the modifications SpaceX plans to make to Pad 39A are surprisingly minor and could arguably take just a handful of months from start to finish. Once complete, SpaceX will possess dedicated Starship launch facilities in both Florida and Texas, although there is a strong chance that Pad 39A will be ready to support orbital launch attempts well before SpaceX’s Boca Chica launch site is certified.
Per NASASpaceflight.com’s Kennedy Space Center (KSC) sources, the new activity and equipment at Pad 39A was confirmed to be the start of Starship-related modifications. However, the basic location of the new activity supports the theory that the work is Starship-related irrespective of any sourced confirmation.

Maps published in an August 2019 Draft Environmental Assessment (EA) show that SpaceX is currently staging construction materials and equipment in the same quadrant that a majority of Starship’s Pad 39A ground systems will eventually be located. According to the draft EA, SpaceX will likely continue to use its existing 39A hangar, additionally supported by a comment from CEO Elon Musk indicating that Starship and Super Heavy will be more or less structurally stable in horizontal positions. The 39A hangar is large enough to house Starships and Super Heavy boosters, although their presence would almost certainly impact Falcon 9/Heavy operations
Still, Starship and Super Heavy will be vertically integrated into a single ‘stack’ prior to launch. According to SpaceX, a large, mobile crane will be used temporarily and will eventually be replaced with a permanent, fixed-structure crane at some point in the future. Aside from a propellant farm and associated plumbing for Starship’s liquid methane fuel supply, the EA shows plans for new water percolation and retention ponds, as well as a new landing zone located just a few hundred feet away from the planned launch mount.

Until the FAA performs an environmental assessment of rocket landings at Pad 39A, SpaceX will land Starships at its established LZ-1/2 landing zones, while Super Heavy will be exclusively recovered via drone ship until SpaceX has permission to literally perform return to launch site (RTLS) landings.
As with most SpaceX projects, Pad 39A’s Starship-related development is effectively structured in phases. The first phase focuses primarily on suborbital Starship flight tests and will require a relatively spartan launch mount/stand and water-cooled thrust diverter. SpaceX is in the middle of preparing to build the concrete foundation that said Starship launch mount and deluge system will be installed on. Once SpaceX is ready for orbital Starship launch attempts (and thus Super Heavy booster involvement), the company will either stretch the existing launch mount a dozen or so meters taller or build a new structure tall enough to prevent Super Heavy from destroying the concrete foundation.
That latter task will be quite the challenge, given that a full-up Super Heavy booster at full thrust could produce almost twice as much thrust as NASA’s Saturn V rocket, the massive launch vehicle Pad 39A was originally built to support. According to Elon Musk, Starship’s first orbital launch attempt(s) could begin as early as November or December 2019, although sometime in Q1 or Q2 2020 is a far safer bet. Either way, it’s possible that SpaceX will transport Starship Mk2 to Pad 39A as early as this month (September 2019) and the first launch of a Starship prototype (likely Mk1) is scheduled as early as October 13th. Starship Mk2 could be ready for its own flight debut soon after.
Stay tuned as SpaceX continues to fire on all cylinders in pursuit of its fully-reusable, next-generation launch vehicle.
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Investor's Corner
Tesla stock tumbles after earnings, one of its sharpest single-day declines
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
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
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.
Investor's Corner
Google’s massive stake in SpaceX will shock you
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.