Connect with us

SpaceX

SpaceX’s Crew Dragon and Falcon 9 head to Pad 39A for historic launch debut

Crew Dragon and Falcon 9 B1051 stand vertical at Pad 39A during preparations for a late January static fire test. (SpaceX)

Published

8 years ago

on

NASA has confirmed that a Feb. 27th launch readiness review (LRR) prior to the orbital debut of SpaceX’s Crew Dragon spacecraft concluded with all parties remaining “go” for the historic launch.

Scheduled to liftoff at 2:48 am EST (07:48 UTC) on March 2nd, Falcon 9 and Crew Dragon can now begin to roll out to Launch Complex 39A (‘Pad 39A’) and complete final preflight checks approximately 24-48 hours before launch. After relentless work over the last few months, SpaceX has also largely completed a significant series of changes – many aesthetic – to Pad 39A, giving the historic complex a sleek new black and white paint scheme and enclosed tower (FSS).

Falcon 9, Crew Dragon “go” for launch

Following up the Flight Readiness Review (FRR) five days later, the completion of the Launch Readiness Review (LRR) effectively means that SpaceX can now proceed into launch operations a bit like any other mission, rolling the rocket and spacecraft out to Pad 39A, taking the assembly vertical, and finally completing (relatively) routine preflight preparations. SpaceX pad engineers and technicians have already completed a wet dress rehearsal (WDR) and static fire test over the last two months, meaning that they have already gained a significant amount of real-world experience working with and operating the brand new Crew Dragon spacecraft and its human-rated Falcon 9 rocket.

This milestone has been the better part of a decade in the making, beginning in 2009 or 2010 (depending on definitions) with funding from NASA dedicated to what would ultimately become the Commercial Crew Program (CCP). SpaceX did not begin to receive rewards or dedicated Crew Dragon-related funding until April 2011, when NASA awarded the company $75M to develop the spacecraft’s proposed integral abort system, relying on a newly developed Super Draco engine. In August 2012, NASA awarded Sierra Nevada, SpaceX, and Boeing several hundred million dollars each to continue serious development of their respective crewed spacecraft and launch vehicles, followed in 2014 by firm long-term contracts with SpaceX and Boeing to bring their Crew Dragon and Starliner vehicles to fruition.

Advertisement
-

 

Of note, SpaceX’s contract was valued at $2.6B, while Boeing received $4.2B, a full 60% more to complete an effectively identical task. Sadly, the US Congress systematically underfunded CCP during its formative years, largely a consequence of entrenched political and financial interests in preferentially funding NASA’s own SLS rocket and crewed Orion spacecraft above and at the cost of other rocket and spacecraft development initiatives. Insufficient funding likely contributed heavily to the years of delays subsequently suffered by the program and its commercial providers, pushing a nominal launch debut target from 2015 to 2017 before ultimately moving to 2018 and finally 2019, largely a result of unsurprising technical challenges faced by each provider as they entered into hardware- and testing-rich phases of development.

After approximately 5-6 years of concerted work, SpaceX and NASA are now as ready as they’ll ever be to conduct the first orbital launch of the Commercial Crew Program, to be followed as early as by Boeing’s own uncrewed orbital demonstration of its Starliner spacecraft. For those that have followed CCP for even part of its years-long saga, it’s more than a little surreal to be faced with the reality that such a milestone is barely two days distant.

Pad 39A: more than just a fresh coat

Meanwhile, SpaceX’s leased Pad 39A launch complex has undergone its own significant changes. Dating back to NASA’s Apollo Program, Pad 39A supported all but one of Saturn V’s 13 launches and more than 80 Space Shuttle launches before SpaceX took over the pad in 2014. In the five years the company has leased the facility, a range of changes have been made to the pad’s hardware, support facilities, and the primary metalwork known as service structures, one fixed (FSS) and one rolling (RSS). Aside from a bare skeleton of the RSS hinge, SpaceX has completely removed several hundred tons of Shuttle support hardware, while the FSS (the skyscraper-like rectangular tower) has remained largely unchanged, aside from the installation of a new level and Crew Dragon’s Crew Access Arm (CAA) on the ~110m (350 ft) tower.

 

Most recently, the company has pursued a series of visually distinct changes to tower, painting it almost entirely black with white highlights and installing partially transparent black plexiglass panels along the full length of at least 2-3 of its four walls. While the paint color is almost certainly aesthetically motivated (it matches Falcon 9, Crew Dragon, and the access arm), the decision to enclose all or most of the FSS will likely be very well received the astronauts and technicians it will ultimately support, especially if SpaceX manages to keep out Florida’s notorious mosquitoes.

Advertisement
-

If SpaceX’s uncrewed DM-1 Crew Dragon demonstration is a success, the company could follow it up with Crew Dragon’s first launch with astronauts aboard as early as July 2019, officially returning 39A to active place in human spaceflight and marking the end of more than eight years spent without a domestic solution for transporting US astronauts into orbit.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes!

Related Topics:

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

Advertisement
Comments

Investor's Corner

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

Published

2 hours ago

on

October 20, 2026

By

Credit: SpaceX

SpaceX reported its third-quarter 2026 financial results on October 20, posting the company’s first solidly profitable quarter since going public earlier in the year under the ticker $SPCX.

Revenue reached $14.58 billion, up 161 percent year-over-year from $5.6 billion, and well ahead of consensus estimates in the $12.7 to $12.9 billion range. The results highlight a rapid shift in SpaceX’s center of gravity toward artificial intelligence/super intelligence, while Starlink and traditional space operations continue to show robust progress.

Here are the key financial results for the quarter:

  • Revenue of $14.58 billion (+161% YoY)
  • Adjusted EBITDA of $8.8 billion (+306% YoY)
  • GAAP net income of $4.4 billion (versus a $1.1 billion net loss in the prior-year quarter)
  • Adjusted EPS of approximately $0.35 (versus roughly $0.13–0.16 expected)
  • Income from operations of $2.8 billion

The AI/SI segment generated $7.56 billion in revenue, an 830 percent year-over-year increase, making it the company’s largest segment for the first time. Growth was primarily driven by the activation of major cloud services agreements, the integration of Cursor (acquired earlier in 2026), and rising usage of Grok models and the newly introduced Grok Bot personal agent.

SI adjusted EBITDA reached $5 billion, and nameplate compute capacity stood at 1.7 GW at quarter-end, up from 1.4 GW in June and 0.6 GW a year earlier. Capital expenditures totaled $19.6 billion, with the majority allocated to AI infrastructure, including continued expansion of the Colossus facilities.

Advertisement
-

The Connectivity segment, which primarily surrounds Starlink, produced $5.25 billion in revenue, a 69 percent year-over-year and 22 percent sequentially. These are pleasant results to see and expected, considering how many airlines have adopted Starlink over the past year.

Starlink consumer subscribers reached 13.6 million, an 89 percent increase from the prior year, and a sequential gain of 1.6 million. Consumer average revenue per user improved to $69. Meanwhile, Enterprise and Government revenue also grew strongly, and Starlink is now installed on more than 3,800 aircraft, making internet more accessible and better performing than previous options.

The Space segment also performed well and contributed $1.77 billion in revenue, up 6 percent year-over-year and 84 percent sequentially. A major milestone was the successful first revenue-generating Starship mission (Flight 14), which deployed 26 V3 Starlink satellites. Those satellites added roughly 10 times the downlink capacity of a typical Falcon 9 Starlink launch.

SpaceX completed 12 customer launches during the quarter, including NASA’s Nancy Grace Roman Space Telescope mission, and continued to grow its backlog of crewed, national security, and commercial flights.

CFO commentary noted that the combination of launch leadership, recurring Starlink revenue, and rapid SI expansion is producing meaningful operating leverage.

The company ended the quarter with roughly $90 billion in cash and marketable securities, providing substantial resources for ongoing investment while targeting an investment-grade balance sheet. Sequential revenue nearly doubled from the $7.81 billion reported in the second quarter, illustrating the pace of the AI-driven acceleration. Things are looking strong for SpaceX.

Advertisement
-

What’s incredibly striking is the fact that SI has grown to be larger than the rest of the company in such a short amount of time. CEO Elon Musk said on the earnings call that Grok Bot is the “fastest-growing product I’ve ever seen,” so it seems that it could be a true keystone of SpaceXSI over the next few years.

Continue Reading

Investor's Corner

SpaceX reports its second earnings today: here’s what to expect

Published

5 hours ago

on

October 20, 2026

By

Credit: SpaceX

SpaceX (NASDAQ: SPCX) will report its second public earnings call today since its IPO earlier this year, and there are a few things we expect to hear about, as well as Wall Street analysts, who have already outlined their expectations for the call.

Wall Street analysts have a consensus of $12.72 billion in revenue and an earnings per share (EPS) of $0.13. These are broken down into three sectors: Space, Connectivity, and AI/SI, which are perceived in this way:

  • Space: $1.41 billion
  • Connectivity: $4.84 billion
  • AI/SI: $6.47 billion

Other outlets cluster near $12.8 or $12.9 billion in revenue and $0.14 – $0.15 EPS. This implies a roughly 65 percent sequential growth from Q2’s $7.81 billion, driven mostly by AI/SI, with the first post-IPO positive EPS expected.

SpaceX just launched its secret Starfall saucer again

Here are the three things to watch for on the call:

AI Revenue Ramp and the $100B+ ARR target

AI is truly the swing factor for SpaceX, and analysts expect it to roughly double from Q2’s $2.56 billion and become about half of total revenue. Management previously guided to a $100 billion+ annualized run rate by December, including the Cursor acquisition, which was $60 billion, to close the quarter.

SpaceX makes first acquisition post-IPO

Advertisement
-

Listen for updates on SpaceX’s compute capacity, especially pertaining to its contracts with Google, Anthropic, and others, revenue per watt, any new deals, and Cursor’s early contribution.

Starlink/Connectivity Metrics and Mobile Expansion

Connectivity remains a main profit engine for SpaceX. Subscriber additions will be something to pay attention to, as Q2 ended at 12 million and previews are looking at 14 million for this quarter. Additionally, ARPU trends, enterprise and government growth, and any commentary on Starlink Mobile will be something to pay attention to, especially following the recent low-band spectrum deal and FCC-related constellation approvals.

Capex Trajectory, Cash Burn/FCF, and Starship/Operational Updates

Q2 capex of roughly $18.4 billion weighed on the stock. Investors will look to scrutinize Q3 spending levels, any guidance on the pace into Q4/2027, free cash flow, backlog, and liquidity. Operational color on Starship (Flight 14 milestones and Flight 15 timing/reusability progress), Falcon cadence, and government/NASA contracts are also in focus.

Of course, there will also be some speculation on the potential Tesla-SpaceX merger, but there was nothing mentioned in the company’s proxy it sent earlier this week.

SpaceX will report earnings after market close today and will stream the call on X.

Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here

Continue Reading

News

SpaceX just launched its secret Starfall saucer again

SpaceX launched its Starfall capsule again on Bandwagon-5, this time listed openly beside rideshare customers.

Published

7 hours ago

on

October 20, 2026

By

An artist’s illustration of a SpaceX Starfall capsule reentering Earth’s atmosphere. (Image: SpaceX)
An artist’s illustration of a SpaceX Starfall capsule reentering Earth’s atmosphere. (Image: SpaceX)

SpaceX launched its Starfall reentry capsule for the second time on Tuesday morning, flying it as the payload of the Bandwagon-5 rideshare mission. Falcon 9 lifted off from Space Launch Complex 40 in Florida at 7:04 a.m. ET with 32 payloads, and the first stage booster, on its 19th flight, landed on the droneship A Shortfall of Gravitas about nine minutes later.

Starfall was scheduled to separate last, 2 hours and 48 minutes after liftoff. The final customer satellite on SpaceX’s mission timeline comes off the upper stage about an hour and nine minutes in, which left a long gap before the capsule was due to be released alone. SpaceX later posted that the payload deployment sequence is complete. At liftoff, the company said Starfall “enables affordable, routine access to a microgravity environment, providing unique opportunities for on-orbit manufacturing, scientific research, and testing.”

As Teslarati reported before the first Starfall flight, SpaceX made no public announcement about the vehicle then, and nearly everything known came from FAA and FCC filings. This time Starfall is an item name on the official mission page, listed beside paying rideshare customers. SpaceX has still not said what, if anything, is aboard this Starfall, Spaceflight Now noted.

The FAA’s environmental assessment from May describes a disk about 10.2 feet wide and 2.5 feet tall that weighs roughly 4,600 pounds and can bring 2,200 pounds of payload back to Earth.

Advertisement
-

Interestingly, the same rocket also carries a competitor’s hardware. Varda Space Industries launched its W-Series 7 capsule on Bandwagon-5, a spacecraft about three times smaller than Starfall that will test whether microgravity can improve the solubility of a cancer drug called Protac. It is Varda’s ninth reentry capsule, and W-8 and W-9 launched earlier this month on Transporter-18. SpaceX has been Varda’s launch provider since the company’s first Falcon 9 rideshare contract in 2021.

SpaceX has not published where or how this Starfall will come down. The preview we ran in June described a recovery from the Pacific Ocean, and the company has not said whether this flight follows the same plan. The launch also arrives hours before SpaceX posts its third quarter results after the market closes, a report we previewed earlier this week.

Continue Reading