News
SpaceX awarded double-satellite Falcon 9 launch contract, sixth win of 2019
SpaceX continues to reap the benefits of strong market demand for Falcon 9’s combination of affordability and performance with an announcement that the company has won its sixth launch contract in 2019.
Announced on July 3rd by Space Norway and several other stakeholders, a SpaceX Falcon 9 is scheduled to launch an identical pair of communications satellites to an unusual orbit no earlier than late 2022. Northrop Grumman will build both ~2000-kilogram (4400 lb) spacecraft.
Known officially as the Arctic Satellite Broadband Mission (ASBM), Space Norway has partnered with satellite operator Inmarsat and the Norwegian Ministry of Defense to provide connectivity to civilian and military users in and around the Arctic. Additionally, the US Air Force will have its own communications payloads on both satellites, rounding out the extremely busy mission.
The two ASBM satellites will be built around the GEOStar-3 bus, originally introduced by Orbital Sciences Corporation (acquired by Alliant Techsystems to become Orbital ATK, then acquired by Northrop Grumman to become Northrop Grumman Innovation Systems). Each satellite will produce 6 kW via solar arrays, while the GEOStar-3 bus can support all-chemical propulsion, all-electric propulsion, or a hybrid approach. Falcon 9’s 2022 launch of ASBM will mark the first time that GEOSat-3 satellites have utilized their stacking capability, with both spacecraft heading to orbit on the same rocket.
Perhaps the most unique aspect of the ASBM mission is the extremely unusual orbit Falcon 9 will be launching them to. According to info published by Space Norway on June 24th, they will be targeting a final orbit roughly comparable to the Molniya orbits originally used by Soviet Union military communications satellites as early as the mid-1960s. ASBM’s orbits will also be highly elliptical and approximately polar, with an apogee of 43,000 km (26,700 mi) and a perigee of 8000 km (5000 mi). Traditionally, Molniya orbits had much lower perigees, but the higher perigee of ASBM satellites should allow them to operate indefinitely without having to worry about atmospheric drag lowering their orbits.
The ASBM satellites will reach their perigee somewhere over Antarctica and will generally power down their communications hardware until they are back over the Arctic. By having two satellites, the other satellite will be able to guarantee continuous coverage while its twin is out of contact.
With an overall payload weight around 4000 kg (8800 lb), it’s likely that Falcon 9 has the performance necessary to place the spacecraft in a transfer orbit (likely ~300 km by 43,000 km) and safely land on a SpaceX drone ship, in which case the satellites would raise their perigees themselves. It’s unlikely that a recoverable Falcon 9 launch has enough performance to send the satellites directly to their final orbits, although an expendable mission might be able to do it.
Regardless, this launch contract is yet another sign that SpaceX will continue to have strong demand for Falcon 9 launch services in the coming years. ASBM is the sixth win for SpaceX just in the last four or so months, beginning in February with three US military contracts, followed by a NASA contract in April and a Korean mission in June.
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Elon Musk
Elon Musk hints Tesla investors will be rewarded heavily
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.
Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.
Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.
Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.
Musk said in the interview:
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”
Elon Musk in new interview: “Hold on to your $TSLA stock. It’s going to be worth a lot, I think. That’s my bet.” pic.twitter.com/cucirBuhq0
— Sawyer Merritt (@SawyerMerritt) February 26, 2026
It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.
However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.
- Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
- Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
- Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
- Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release
These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.
Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.
She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.
Cybertruck
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
Tesla’s new Cybertruck offering has had its delivery date pushed back once again. This is now the second time, and deliveries for the newest orders are now pushed well into 2027.
According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:
🚨 Tesla has updated the $59,990 Cybertruck Dual Motor AWD’s estimated delivery date to April 2027.
First deliveries are still slated for June, but if you order it now, you’ll be waiting over a year.
Demand appears to be off the charts for the new Cybertruck and consumers are… pic.twitter.com/raDCCeC0zP
— TESLARATI (@Teslarati) February 26, 2026
Just three days ago, the initial delivery date of June 2026 was pushed back to early Fall, and now, that date has officially moved to April 2027.
The fact that Tesla has had to push back deliveries once again proves one of two things: either Tesla has slow production plans for the new Cybertruck trim, or demand is off the charts.
Judging by how Tesla is already planning to raise the price based on demand in just a few days, it seems like the company knows it is giving a tremendous deal on this spec of Cybertruck, and units are moving quickly.
That points more toward demand and not necessarily to slower production plans, but it is not confirmed.
Tesla Cybertruck’s newest trim will undergo massive change in ten days, Musk says
Tesla is set to hike the price on March 1, so tomorrow will be the final day to grab the new Cybertruck trim for just $59,990.
It features:
- Dual Motor AWD w/ est. 325 mi of range
- Powered tonneau cover
- Bed outlets (2x 120V + 1x 240V) & Powershare capability
- Coil springs w/ adaptive damping
- Heated first-row seats w/ textile material that is easy to clean
- Steer-by-wire & Four Wheel Steering
- 6’ x 4’ composite bed
- Towing capacity of up to 7,500 lbs
- Powered frunk
Interestingly, the price offering is fairly close to what Tesla unveiled back in late 2019.
Elon Musk
Elon Musk outlines plan for first Starship tower catch attempt
Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
Elon Musk has clarified when SpaceX will first attempt to catch Starship’s upper stage with its launch tower. The CEO’s update provides the clearest teaser yet for the spacecraft’s recovery roadmap.
Musk shared the details in recent posts on X. In his initial post, Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
“Starship V3 SN1 headed for ground tests. I am highly confident that the V3 design will achieve full reusability,” Musk wrote.
In a follow-up post, Musk addressed when SpaceX would attempt to catch the upper stage using the launch tower’s robotic arms.
“Should note that SpaceX will only try to catch the ship with the tower after two perfect soft landings in the ocean. The risk of the ship breaking up over land needs to be very low,” Musk clarified.
His remarks suggest that SpaceX is deliberately reducing risk before attempting a tower catch of Starship’s upper stage. Such a milestone would mark a major step towards the full reuse of the Starship system.
SpaceX is currently targeting the first Starship V3 flight of 2026 this coming March. The spacecraft’s V3 iteration is widely viewed as a key milestone in SpaceX’s long-term strategy to make Starship fully reusable.
Starship V3 features a number of key upgrades over its previous iterations. The vehicle is equipped with SpaceX’s Raptor V3 engines, which are designed to deliver significantly higher thrust than earlier versions while reducing cost and weight.
The V3 design is also expected to be optimized for manufacturability, a critical step if SpaceX intends to scale the spacecraft’s production toward frequent launches for Starlink, lunar missions, and eventually Mars.
Elon Musk hints Tesla investors will be rewarded heavily
Tesla drops latest hint that new Cybertruck trim is selling like hotcakes
