SpaceX
SpaceX’s futuristic Crew Dragon astronaut walkway is ready for US human spaceflight revival
SpaceX has publicly revealed the sleek, minimalist design of the access arm that NASA astronauts will soon use to board Crew Dragon spacecraft, bringing to an end more than half a decade of U.S. dependency upon non-native rockets and space agencies to transport crew to the International Space Station.
After several months of concerted effort in a tent located on Pad 39A property, SpaceX engineers, welders, and technicians have nearly completed the most critical portion of the launch facility modifications and upgrades necessary to return the pad’s human spaceflight capabilities. Known as a Crew Access Arm (CAA), SpaceX will likely complete installation of the Arm by the end of August, wrapping up what is by far the most visible step yet towards returning astronauts to the ISS on American rockets and spacecraft.
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- SpaceX has rolled its completed Crew Dragon Access Arm into position and is just days away from installing the sleek arm. 08/16/18 (Tom Cross)
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- The interior of SpaceX’s Crew Access Arm. (NASA)
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- SpaceX has rolled its completed Crew Dragon Access Arm into position and is just days away from installing the sleek arm. 08/16/18 (Tom Cross)
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- Pad 39A’s Space Shuttle access arm seen before removal. (Tom Cross)
SpaceX’s first flightworthy Crew Dragon spacecraft are currently in various late stages of production, assembly, and integration in pursuit of an uncrewed orbital debut no earlier than (NET) November 2018 and its first crewed demonstration flight as early as April 2019. The first Demonstration Mission (DM-1) Crew Dragon capsule is already at SpaceX’s Florida processing facility, while its trunk/service module and Falcon 9 Block 5 rocket could ship to Florida as early as late August or early September.
Boeing has already installed their own Starliner spacecraft Crew Access Arm at United Launch Alliance’s own LC-41 launch facility, although the design is definitely far more traditional than SpaceX’s comparatively wild departure from previous CAAs.
Prior to SpaceX’s lease of Kennedy Space Center’s Launch Complex 39A (LC-39A), the pad operated for the full length of NASA’s Space Shuttle program, supporting dozens of launches of the fundamentally flawed – albeit iconic and awe-inspiring – vehicle. Still, Pad 39A is most famous for the critical role it played in NASA’s Apollo Program, where it supported nearly all Saturn V launches and thus all but one (Apollo 10) of the nine crewed mission to the Moon, Apollo 8, and Apollo 11 through 17.
SpaceX and CEO Elon Musk are cognizant of this incredibly rich history, and it’s probable that humans will once again return to the Moon (at least its gravitational sphere of influence) from Pad 39A, but this time atop a SpaceX rocket and spaceship. A sister facility known as LC-39B, built to ensure two operational pads for the Space Shuttle, is also slowly tracking towards the debut of a different rocket targeting human exploration around the Moon, NASA’s Space Launch System (SLS).
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- SpaceX’s first Block 5 Falcon 9 prepares for its debut launch from Pad 39A, May 2018. (Tom Cross)
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- SpaceX’s Crew Dragon simulator, a near-exact replica of the spacecraft’s actual cabin. (Pauline Acalin)
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- In this illustration, a SpaceX Crew Dragon spacecraft is shown in low-Earth orbit. (SpaceX)
SpaceX President Gwynne Shotwell recently reaffirmed that a 2017 contract (money in hand) to send two private individuals around the Moon is still alive and well, although Musk has also noted that that lunar tourism mission will likely be flown with BFR and BFS, pushing it into the early 2020s at the earliest. While several years out and taking a definite back seat to Crew Dragon’s safe and reliable debut and operation in low Earth orbit, it’s clear that a separate human spaceflight race is simmering in the background, pitting public efforts against private efforts in a bid to once again send humans to the Moon.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
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Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
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However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
SpaceX reports beat in first earnings while minimizing losses
Elon Musk sends second warning to SpaceX shorts ahead of first earnings
