SpaceX
SpaceX prepares for last launch until August: Caution over cadence
After a second automatic T-10s launch abort Monday night, Elon Musk expressed a welcome prioritization of caution over an attempt to break cadence records. As such, the launch team at LC-39A are standing down an attempt today and instead conducting a full review of the Falcon 9 vehicle and ground systems, pushing the launch to either July 5th or 6th. As Musk transparently phrased it, there is only one chance to get a rocket launch right.
We're going to spend the 4th doing a full review of rocket & pad systems. Launch no earlier than 5th/6th. Only one chance to get it right …
— Elon Musk (@elonmusk) July 4, 2017
Following a truly unprecedented series of launches for the company, there was understandably a bit of annoyance from fans watching the coverage for a second time, as well as from journalists seeking to cover the launch. I think a tweet from former NASA Space Shuttle Program Manager Wayne Hale summed up the proper response most coherently, however, stating that “it’s tough to remain vigilant and do the right thing, extremely tough after a couple of launch scrubs and [with] range closure looming”. Remaining vigilant is precisely what SpaceX is doing by calling off another attempt on July 4th and choosing to instead carefully examine the systems involved to ensure that there is no real issue with pad or vehicle hardware.
For launch companies, there are an untold number of external and internal pressures urging executives to attempt launches, be those financial, political, or something as simple as employees wanting to get home for a holiday. However, past failures of launch vehicles, particularly the Space Shuttle, have demonstrated that constant vigilance is a necessity when dealing with rocketry. Wayne Hale was flight director for forty Shuttle launches. In fact, he became Program Manager the day of the Columbia disaster, which occurred at the beginning of February in 2003.
In this context, his statement is almost certainly intended as positive – albeit solemn – encouragement for the choice to take a more cautious route before attempting another launch. SpaceX itself has experienced two widely publicized failures of the Falcon 9, with the most recent of those having occurred less than ten months ago. After China suffered a complex failure during the second launch of their Long March 5 heavy lift vehicle last Sunday, Musk offered sympathy for those involved. Any failure in the launch industry often acts as a wake-up call for other companies and agencies involved, and undoubtedly becomes a reminder that one cannot become too comfortable or allow launch processes or vehicle manufacturing to become too routine when the stakes are as high as they can be.
Sorry to hear about China launch failure today. I know how painful that is to the people who designed & built it. https://t.co/iOkj6egF3O
— Elon Musk (@elonmusk) July 2, 2017
It goes without saying that SpaceX is sharply aware of the need to ensure reliability and safety as they march ever closer to the debut flight of Crew Dragon and its first crewed launches, likely to occur in early 2018. If the stakes for launching the payloads of commercial customers are already high, the price of failures that could lead to loss of life are unspeakable and ought to humble those fans and bystanders who may be losing patience while waiting for a third (admittedly enthralling) launch. Those eager to watch SpaceX’s live coverage must seek to remember that the launches we love to watch occur because paying customers have placed trust in SpaceX to deliver their payloads to orbit, be those payloads massive geostationary communications satellites or astronauts and cargo headed to the ISS. Rightfully so, the customer will always come first, and routine live coverage of rocket launches must always be treated as the luxury it is for the indefinite future.
SpaceX has successfully recovery and reused both Falcon 9 and Cargo Dragon in the last several weeks, and has also recovered three first stages from the three related launches that occurred in that same time period. (SpaceX)
Admittedly, a cornerstone of SpaceX’s mission as a company is making access to orbit reliable, affordable, and routine, but there will always be risk in rocket launches, just as there will always be risk when one boards a plane, drives a car, or simply walks down the sidewalk along a busy street. Minimizing and reducing the risk present in spaceflight will take a considerable amount of time and effort, and doing what is necessary to prevent failures from negatively impacting the customers that make SpaceX viable as a company is both a rational and ethical strategy.
Returning to current events, the Falcon 9 intended to launch Intelsat 35e went horizontal on July 4, and is likely now in the integration facility present at LC-39A, providing easier access to engineers as they comb over the vehicle to ensure its health. After an absolutely picturesque launch attempt Monday evening, weather is looking even better for a potential launch attempt on either Wednesday or Thursday evening.
If the vehicle and pad cooperate, Intelsat 35e will be a facing send off for the Eastern Range before it shuts down for the remainder of July to undergo routine maintenance. SpaceX currently does not have Vandenberg (West coast) missions scheduled until August, so July will likely see no launches from the company. There is still plenty to be done in lieu of launching customer payloads, however. LC-40, the pad damaged in the Amos-6 static fire incident last September, is currently preparing to be reactivated, with a recent interview of Gwynne Shotwell pointing to its initial availability sometime in August. Once it is reactivated, all single core Falcon launches will be transferred to LC-40, and LC-39A will begin undergoing structural modifications to accommodate both crewed missions in 2018 and Falcon Heavy, which could debut as early as Q4 of 2017.
-
- Intelsat 35e, July 2nd. (SpaceX)
-
- A render of Falcon 9 and Crew Dragon at LC-39A. (SpaceX)
The two most visible changes that will occur at LC-39A will be the installation of additional hold-down clamps and modifications to the Transporter Erector, as well as a Crew Access Arm, which will be attached to the large, vertical structure seen directly right of Falcon 9. Of note, it is very likely that at least two, if not all three of the first Falcon Heavy’s cores are already present at the Cape. After years of being deemed a paper rocket, Falcon Heavy is indeed very real and very close to being able to conduct its first launches.
A month of no launches from SpaceX will undoubtedly be less than thrilling, but the Air Force and Kennedy Space Center employees will get a much-deserved break from a busy launch manifest ahead of what will likely be an even busier final four months of the year. There is a lot to look forward to.
Investor's Corner
NASA taps SpaceX to launch the telescope that could unlock new worlds
NASA’s Roman Space Telescope heads to orbit this August aboard SpaceX’s Falcon Heavy with massive scientific ambitions.
SpaceX is set to play a central role in one of NASA’s most anticipated science missions in years. The company’s Falcon Heavy rocket, currently the most powerful operational launch vehicle in the world, will carry the Nancy Grace Roman Space Telescope into orbit on August 30 from Kennedy Space Center in Florida. Roman is now in final preparations inside the Payload Hazardous Servicing Facility, where on June 26 technicians used a crane to lift the observatory into a specialized stand for fueling and pre-launch testing.
Roman is named after Nancy Grace Roman, NASA’s first chief of astronomy, whose career helped shape how the agency approaches space science.
NASA chose SpaceX Falcon Heavy because of Roman’s needs to reach a specific orbit far from Earth, well beyond where a standard Falcon 9 can deliver it. The Falcon Heavy, which first flew in 2018, has since become NASA’s go-to option for missions that need serious muscle without the cost and complexity of older launch systems.
Celebrating SpaceX’s Falcon Heavy Tesla Roadster launch, seven years later (Op-Ed)
Roman will carry a field of view at least 100 times wider than the Hubble Space Telescope, meaning it can photograph enormous swaths of the universe in a single shot rather than the narrow slices Hubble captures. That difference in scale is significant. While Hubble reshaped our understanding of the cosmos over 30 years, Roman is built to work faster and wider, surveying hundreds of millions of galaxies at once.
One of Roman’s most compelling capabilities is its potential to discover and photograph planets orbiting stars outside our solar system, and with enough precision to directly image planets that would otherwise be lost. That means scientists could study the atmosphere and surface characteristics of distant worlds rather than simply confirming they exist. Combined with Roman’s sweeping field of view, the telescope could detect thousands of exoplanets, and some of those planets may be in habitable zones where liquid water could exist. No telescope currently in operation has this level of power and capability. That capability alone could change what we know about other worlds, and perhaps finally answer the question: are we the only intelligent lifeforms in existence?
What Roman actually finds once it reaches orbit is an open question, and that is exactly what makes this launch worth watching.
Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
NASA taps SpaceX to launch the telescope that could unlock new worlds
Tesla confirms crucial detail of Miami Robotaxi launch
