SpaceX
SpaceX’s Crew Dragon returns to port as NASA praises successful launch debut
SpaceX’s Crew Dragon spacecraft successfully returned to Port Canaveral aboard recovery vessel GO
The culmination of the better part of a decade of constant work and NASA support, the flawless success of SpaceX’s DM-1 Crew Dragon mission is a testament – above all else – to the many hundreds of thousands or millions of hours SpaceX employees have put into the spacecraft’s design, production, operation, and recovery. While just one half of a critical pair of demonstrations, DM-1’s success should translate into extremely good odds for Crew Dragon’s Demo Mission 2 (DM-2), in which SpaceX will launch two NASA astronauts to the International Space Station on the company’s first crewed launch ever.
“I can’t believe how well the whole mission has gone. I think on every point, everything’s been nailed, all the way along—particularly this last piece. We were all very excited to see re-entry and parachute and drogue deploy and main deploy, splashdown—everything happened just perfectly, right on time the way that we expected it to. It was beautiful.” – Benji Reed, Director of Crew Mission Management, SpaceX
SpaceX Director of Crew Mission Management Benji Reed’s unqualified appraisal of Crew Dragon’s debut serves as a perfect example of the attitude almost universal throughout the company in the twilight of the mission’s completion. While sources suggest that there were more than a few hiccups during the mission, they were extremely mild and came as no surprise for what effectively amounted to the first shakeout mission of a brand new vehicle. According to CEO Elon Musk, Crew Dragon shares almost no hardware – aside from its Draco thrusters – with Cargo Dragon, the uncrewed orbital spacecraft SpaceX has now launched into orbit 17 times in the last eight years.
Crew Dragon approaches the ISS during its orbital launch debut, March 3rd. (NASA) 
Cargo Dragon is seen here attached to the ISS shortly before the completion of SpaceX’s CRS-16 resupply mission, January 7th. (NASA) 
Crew Dragon was successfully recovered aboard GO Searcher on March 8th. (SpaceX) 
Cargo Dragon completed its most recent mission, CRS-16, on January 13th. (SpaceX)
For such a complex spacecraft, not to mention an almost clean-sheet redesign, it’s nothing short of extraordinary that its debut launch was so utterly free of significant anomalies or unexpected behavior. Separated into the distinct phases of launch, free-flight, ISS docking/undocking, and recovery, Crew Dragon reportedly performed almost perfectly in all cases, “right on time” according to Mr. Reed. NASA’s CCP Deputy Manager Steve Stich was equally enthusiastic and elated about the spacecraft’s performance.
“On-orbit we got a lot of great data on the vehicle in terms of the thermal performance and power performance; the vehicle really did better than we expected. Then the rendezvous was phenomenal as we came in and checked out those sensors. Today; the undocking, watching how those systems performed, that went flawlessly. It’s a very tight sequence between undocking and de-orbit burn, how the nose cone performed, how the de-orbit burn was executed, then the entry was phenomenal.”
“I don’t think we saw really anything in the mission so far—and we’ve got to do to the data reviews—that would preclude us from having the crewed mission [DM-2] later this year.”
– Steve Stich, CCP Deputy Manager, NASA
Following Crew Dragon’s March 9/10 return to Port Canaveral, the spacecraft is expected to immediately enter into a post-flight analysis and data-gathering phase that will quickly transfer into refurbishment to prepare for the capsule’s second (albeit suborbital) launch, a critical in-flight abort (IFA) test that could happen as early as April according to Elon Musk. While official planning schedules point towards the IFA occurring closer to June or even July, it’s reasonable to assume that those official schedules are highly conservative. If Crew Dragon’s significantly waterproofing and reusability upgrades make a major difference, it’s far from inconceivable that the vehicle’s second abort test could actually occur ahead of schedule, although it’s unlikely.
The in-flight abort test will effectively be a repeat of SpaceX’s successful 2015 pad abort demonstration, albeit with the stationary launch pad replaced with a full Falcon 9 rocket – first and second stage – traveling at supersonic speeds. If Crew Dragon can safely abort in such challenging conditions, it’s almost guaranteed that it will be able to safely abort at any time during a Falcon 9 launch, all the way from the moment fueling begins on the ground into orbital operations. In fact, CEO Elon Musk recently suggested that the same SuperDraco abort thrusters that enable those safe escapes could potentially be used to add yet another level of redundancy during landing, standing in for parachute damage or failures to slow the capsule down and minimize or prevent injuries during splashdown.
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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.
Elon Musk
Elon Musk handed Grok something no other AI company can get their hands on
Elon Musk says SpaceX will feed engineering data into Grok’s next model, avoiding restricted material.
Elon Musk said Tuesday that SpaceX will feed its internal engineering data into the next major training run for Grok, the AI model now folded into SpaceX following February’s merger. In a post on X, Musk wrote that SpaceX’s “massive corpus of world-class engineering data,” excluding anything restricted under U.S. arms export law, will be added during supplemental training of what he called the “2T run,” a reference to a roughly two trillion parameter model that would nearly double the parameters behind the latest Grok 4.5 that’s rolling out.
SpaceX’s massive corpus of world-class engineering data (excluding material blocked by ITAR) will be added during supplemental training of the 2T run.
This will dramatically improve Grok’s engineering capabilities. https://t.co/BbQEViFByn
— Elon Musk (@elonmusk) July 21, 2026
The excluded material that Musk is referring to would fall under the International Traffic in Arms Regulations (ITAR), which restricts export of technical data tied to defense and space hardware. That likely rules out propulsion specifics for Merlin and Raptor engines along with guidance and control details for SpaceX’s launch vehicles, but leaves manufacturing knowledge, materials science, and Starlink hardware design on the table.
The announcement extends a pattern that has been building since SpaceX’s Nasdaq debut in June, when the company went public with Grok and xAI’s Colossus supercomputer folded into the pitch to investors.
Days after that listing, SpaceX closed its $60 billion all stock acquisition of coding startup Cursor, giving xAI both enterprise software distribution and a stream of real world developer data to train on. Grok 4.5 launched July 8 running partly on that Cursor training data, with Musk describing it as roughly comparable to Anthropic’s Opus 4.7 but faster and cheaper to run.
Feeding SpaceX’s own engineering data into the next AI model follows the same logic Musk has applied across xAI’s sister companies. Tesla supplies real world driving data and manufacturing expertise, X supplies conversational data, and now SpaceX supplies aerospace engineering data built up since 2002.
Musk did not give a release date for the upcoming AI model, referred to elsewhere as Grok 4.6. He has said the two trillion parameter run is in its final training phase and expected to wrap this week.
In a pointed message on X, Elon Musk warned that firms maintaining significant short positions in SpaceX over time face “very low” survival probability.
The statement comes amid post-IPO volatility for the rocket company, now trading under the ticker $SPCX.
The survival probability of firms who maintain a significant short position in SpaceX over time is very low
— Elon Musk (@elonmusk) July 17, 2026
Five weeks after what was described as the largest IPO in history, the stock had fallen roughly 30% from its peak above $2.6 trillion, briefly surpassing Microsoft and Amazon in market value. Short sellers celebrated gains of about $8.7 billion, but Musk’s reply underscores his long-term conviction.
The warning directly echoes a detailed bullish analysis arguing that Starship’s cost reductions could unlock a multi-trillion-dollar space economy. Projects ranging from solar power beamed from orbit and asteroid mining to orbital data centers and Mars terraforming were projected to create over $100 trillion in new market capitalization.
In this vision, SpaceX acts as the essential infrastructure provider, akin to AWS for cloud computing, capturing monopoly-like revenues from launches, crew transport, and data traffic across a rapidly expanding frontier.
This is far from the first time Musk has targeted short sellers. With Tesla, he has repeatedly framed persistent bears as destined for major losses. In July 2024, Musk declared that once Tesla achieves full autonomy and volume production of Optimus robots, “anyone still holding a short position will be obliterated. Even Gates,” referencing Microsoft co-founder Bill Gates’ reported short bets.
Elon Musk reveals what Tesla stock surge could do to Bill Gates
Earlier, in 2018, he taunted shorts that they had “about three weeks before their short position explodes,” a remark followed by sharp stock gains. Musk has also called short selling “value destroying” and once suggested it “should be illegal,” viewing it as betting against innovation and progress.
Critics often dismiss Musk’s optimism as hype, especially when near-term metrics like quarterly deliveries or stock fluctuations disappoint.
Yet his pattern remains consistent: framing short positions against his companies as fundamentally misjudging exponential technological leaps. For SpaceX shorts, the message is clear: betting against multi-planetary ambitions and the infrastructure monopoly they enable carries existential risk for the firms involved.
As Musk and supporters see it, the space economy’s upside dwarfs Earth-bound valuation models, making today’s dips temporary in a decades-long ascent.
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