SpaceX
SpaceX’s Crew Dragon flawlessly docks with space station in spectacular orbital debut
Nearly half a decade and millions of hours of work have finally paid off after SpaceX’s Crew Dragon pulled off a flawless orbital debut, launching atop the first crew-rated Falcon 9 and docking with the International Space Station (ISS) a little over 24 hours later.
For what CEO Elon Musk described as a spacecraft with barely a part shared with the company’s already operational Cargo Dragon, such an unremarkable (in terms of surprises) launch debut is a massive achievement that speaks directly to the success of the NASA-SpaceX partnership and the exhaustive design, testing, and optimization directed at Crew Dragon. Having now completed two major trials – launch and docking – for DM-1, the spacecraft’s third and final hurdle will occur on March 8th when it attempts to safely return to Earth.
SpaceX team in Hawthorne control, Dragon docked to Station above pic.twitter.com/JUWkOrWjsH
— Elon Musk (@elonmusk) March 3, 2019
Beginning around 3:30 am and lasting til 10:45 am EST (08:30-15:45 UTC), SpaceX and NASA employees hosted live coverage of Crew Dragon’s inaugural visit to the International Space Station (ISS), a process that included multiple demonstrations of the spacecraft’s ability to approach, halt, and reverse. Almost ten minutes ahead of schedule, Crew Dragon successfully docked with the ISS in a first for SpaceX, having previously only conducted berthings with its Cargo Dragon vehicle.
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- From render…
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- to reality. (SpaceX/NASA)
Having also debuted a previously untested docking adapter (the International Docking Adapter, IDA), the Station’s three astronauts worked to open Dragon’s hatch, a task which they completed an hour or two after “capture”. This was rapidly followed by the astronauts entering SpaceX’s Crew Dragon, another historic first for the crew-rated spacecraft. They were greeted by Ripley (also known as Starwoman) and what Anne McClain described as small Earth, the stuffed globe that was included partially as a joke and a “super high tech zero-g indicator” according to Musk. After determining that Crew Dragon’s atmosphere was non-toxic, the astronauts removed breathing masks and returned to the capsule’s interior to formally welcome it to the ISS as the world’s newest orbital spacecraft, as well as the first commercially-developed vehicle meant to carry humans into orbit.
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The dawn of a new era in human spaceflight pic.twitter.com/BHsfg1zYLN
— COL Anne McClain (@AstroAnnimal) March 3, 2019
While it may be unintuitive, the two dozen or so relatively slow and quiet hours that followed Crew Dragon’s launch were and remain far more important, and the spacecraft’s flawless on-orbit performance has thus far retired a huge number of concerns front and center for the first true launch of any spacecraft, let alone one designed specifically to carry astronauts and keep them safe. Thus far, Crew Dragon has done exactly that, approaching the ISS and docking with nary a hiccup, as if the rendezvous was the umpteenth and nothing out of the ordinary.
Technical achievements aside, the live coverage of Crew Dragon’s patient approach was perhaps some of the most spectacular and emotionally compelling content yet provided by SpaceX and NASA. At one point, as orbital sunset neared, a NASA ground controller requested that the spacecraft’s onboard spotlight be enabled to continue the docking approach, to which the SpaceX engineer hosting the webcast remarked on just how incredible and surreal it was to watch Crew Dragon methodically approach the station from less than 100 feet away. In fact, he had apparently spent “months” with that very same LED spotlight array on his desk, working to build, qualify, and test it to ensure that the light system was ready for spaceflight, just one of hundreds or thousands of seemingly minute details that one or several employees spent major portions of their lives working on.
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- A live view of the ISS from cameras aboard Crew Dragon. (NASA/SpaceX)
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- A better view of the solar array half of Crew Dragon’s trunk section. (NASA)
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Come launch and on-orbit operations, SpaceX and NASA employees across the US hung on this mission’s every step with a singular nervousness, focus, and pride that easily beat even the buzz that surrounded Falcon Heavy’s iconic launch debut. Humanity as a whole may have paid significantly less attention to Crew Dragon’s launch debut, but almost every SpaceX employee appeared readily cognizant of the fact that this mission symbolized something radically more important and more fundamental to the company. Founded to ultimately help humanity take permanent steps beyond Earth orbit, Crew Dragon’s thus far flawless debut brings SpaceX as close as its ever been to shouldering the heavy responsibility of launching humans into space, be they NASA astronauts, paying tourists, or Martian hopefuls.
If all continues to proceed apace, DM-1 will conclude with Crew Dragon’s first orbital-velocity reentry on March 8th. Pending that capsules refurbishment and an equally bug-free in-flight abort test NET April to June, SpaceX and NASA could conduct the first crewed launch of Crew Dragon less than six months from now in July 2019. Much work lies ahead and delays are undeniably possible (if not probably), but – as they say – so far, so good.
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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
