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SpaceX continues water landing test in latest Space Station resupply mission
SpaceX has completed their second launch in less than four days, and the company’s 14th Cargo Dragon mission has successfully made it to a safe parking orbit where it will make its way to the International Space Station over the next two days.
Carrying nearly 5,800 pounds of perishables, experiments, and scientific equipment to be bolted to the outside of the ISS, this particular Cargo Dragon flew once before in 2016, while the booster that lifted it above Earth’s thin atmosphere was tasked with launching CRS-12 in August 2017. According to Jessica Jensen, SpaceX’s Director of Dragon Mission Management, this particularly Dragon capsule was the first to fly with upgraded water sealing, meaning that it was considerably easier (and thus cheaper) for SpaceX to refurbish and refly. The only items that had to be replaced this time around were the heatshield, trunk, and parachutes, and this experience will undoubtedly translate into Dragon 2 (Cargo Dragon), likely ensuring exceptional reuse characteristics for that the company’s next-gen capsule.
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- CRS-8 also happened to mark the first successful ASDS recovery of a Falcon 9 booster. (SpaceX)
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- Booster 1039 lands after successfully launching CRS-12’s Cargo Dragon into orbit. 1039 completed its final mission on Monday afternoon, April 2. (SpaceX)
Sadly, CRS-14’s doubly flight-proven launch also marked yet another expended booster – B1039 happened to be the first Block 4 version of Falcon 9’s stage to fly a mission. Jensen described that SpaceX – accustomed to making these decisions on a case-by-case basis – had chosen to expend this particular booster after concluding that the benefits of testing extreme booster trajectories and recovery profiles outweighed the difficulty (and cost) of refurbishing a Block 4 booster for a third launch. In this case, B1039 would have been the best option if SpaceX had any desire to fly a booster more than twice before the introduction of the purpose-driven, next-generation Block 5 reusability upgrade – Block 4 was clearly not built to fly more than twice without an uneconomical amount of refurbishment.
https://twitter.com/_TomCross_/status/980912458280947722
While no specific details were given and live coverage shown of the soft-landing, it’s presumed that B1039 continued in the footsteps of water landings that followed GovSat-1 and Hispasat 30W-6 in January 2018 and March 2018. These uniquely aggressive landing attempts are all believed to have ignited three Merlin 1D engines rather than the single engine typically ignited for landing burns, providing a more efficient use of propellant reserves at the cost of extreme acceleration (G) forces and far slimmer margins of error. The ultimate promise of these tests, if successful, is to allow SpaceX the option of recovering boosters during missions with heavier payloads and higher orbits.
SpaceX continues a cautious regiment of tests for the newest Falcon 9 upgrade, Block 5. (Reddit /u/HollywoodSX)
The imminent NET April 24 inaugural launch of SpaceX’s rapid reuse Falcon 9 “Block 5” will mark the beginning of a new era of rocketry for SpaceX, where expendable missions are likely to become a rarity. Expending a single Block 5 booster could fairly be perceived as throwing away the potential revenue and income from anywhere from 5-100 future re-flights. As such, SpaceX has every reason to expend non-Block 5 boosters with the hope of ensuring that fewer new-generation rockets end up expended after launch.
This rocket was meant to test very high retrothrust landing in water so it didn’t hurt the droneship, but amazingly it has survived. We will try to tow it back to shore. pic.twitter.com/hipmgdnq16
— Elon Musk (@elonmusk) January 31, 2018
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Intriguingly, Jensen also noted in a prelaunch briefing that SpaceX’s Cargo Dragons are certified for as many as three orbital reuses – a possibility as SpaceX steps towards completing all 20 of its contracted CRS-1 missions, the final five of which are scheduled to resupply the ISS between now and early 2020. After the final CRS-1 launch, NASA has already awarded SpaceX and Orbital ATK contracts for CRS-2, a second Commercial Resupply Services contract that will begin in 2020 and fly on OATK’s upgraded Cygnus and SpaceX Dragon 2, potentially repurposing recovered Crew capsules in the case of SpaceX.
Up next on the SpaceX calendar are a number of conferences and presentations over the next two or three weeks, followed by SpaceX NASA TESS mission on April 16 and the debut of Falcon 9 Block 5 for the launch of Bangabandhu-1, April 24. SES-12 may be launched sometime in early May or late April, and the next West coast launch of Iridium-6/GRACE-FO is expected to occur NET May 10.
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- SpaceX technicians work at the base of Falcon 9 B1039 ahead of launch, CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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- CRS-14. (Tom Cross)
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Elon Musk has declared that SpaceX has effectively solved one of Starship’s most persistent engineering challenges: the reliability of its heat shield tiles.
During the company’s first-ever Earnings Call, the SpaceX CEO stated:
“I don’t want to jinx it or anything, but I think I would call the heat shield problem solved at this point. All indications from data and visual inspection is we have solved it. That doesn’t mean we won’t make improvements, but we do not see any technical obstacles to achieving rapid reusability at this point.”
Starship’s heat shield consists of roughly 18,000 hexagonal ceramic tiles covering the windward side of the upper stage. These tiles form the thermal protection system that shields the vehicle’s stainless-steel structure from the extreme heat of atmospheric reentry.
Elon says he believes the heat shield problem with Starship is currently solved.
He called it “arguably the single biggest problem” pic.twitter.com/eEE9vM5zlz
— TESLARATI (@Teslarati) August 4, 2026
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During descent, atmospheric friction generates temperatures exceeding several thousand degrees Celsius and creates plasma flows capable of melting unprotected metal. The tiles absorb, radiate, and insulate against this energy, allowing the vehicle to survive and potentially fly again. Without a durable heat shield, full and rapid reusability, the cornerstone of Starship’s design for frequent launches, satellite deployments, and deep-space missions, would remain impossible.
The tiles have long been a source of difficulty. On earlier test flights, a significant number of tiles detached during ascent due to vibration, aerodynamic loads, and imperfect attachment methods using pins and adhesives. Gaps between tiles allowed hot plasma to infiltrate, causing secondary damage and hot spots on the underlying structure.
These issues echoed challenges faced by NASA’s Space Shuttle, whose ceramic tiles required extensive, labor-intensive inspections and replacements between missions, preventing rapid turnaround. SpaceX has iteratively improved materials, standardized tile shapes, refined attachment techniques, added secondary ablative layers, and tested sealing methods such as “crunch wrap” felt to close gaps.
Progress was visible across Flights 10–12, with steadily better tile retention, yet questions remained about whether the system could support the minimal-refurbishment goal of rapid reuse.
Flight 13 on July 24 provided the decisive evidence. Ship 40 flew a deliberately more demanding profile with higher dynamic pressure to stress the heat shield beyond typical operational loads. It successfully deployed 20 operational Starlink V3 satellites, the first such payload on a Starship mission, performed an in-space Raptor engine relight, and executed a controlled reentry.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Cameras on six of the satellites and onboard sensors captured extensive imagery and data of the shield throughout the flight. The ship then achieved its softest splashdown to date in the Indian Ocean, remaining intact and floating rather than breaking apart or exploding as on prior missions. This allowed drone inspections and continuous telemetry of the heat shield in near-real time.
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Post-flight analysis showed the majority of tiles remaining attached with only minor damage and limited plasma streaking at seams. Musk noted that the mission delivered “all the heat shield data we needed and then some.” Combined with visual inspections, these results underpinned his subsequent assessment that the core technical barriers to rapid reusability have been cleared. While refinements will continue, Flight 13 marked a pivotal step toward Starship’s operational future.
SpaceX COO Gwynne Shotwell outlined ambitious plans for Starlink Mobile during the company’s August 4 Earnings call, signaling a direct challenge to U.S. wireless giants like AT&T, T-Mobile, and Verizon.
Shotwell noted that the three companies generate roughly $600 billion in combined annual revenue. “I anticipate us to be able to acquire quite a few of their customers because I think our service will be better,” she said. “We will eliminate dead zones leveraging the satellites in orbit. It will be better during any natural disaster… I’m quite excited about Starlink Mobile.”
SpaceX President & COO Gwynne Shotwell on @Starlink Mobile and its impact on Verizon, AT&T and T-Mobile:
“Roughly, between them, $600 billion a year. I anticipate us to be able to acquire quite a few of their customers. Our service will be better. We will eliminate dead zones… pic.twitter.com/UYZUkrGc0L
— Sawyer Merritt (@SawyerMerritt) August 4, 2026
SpaceX intends to combine its satellite constellation with terrestrial infrastructure. The company has acquired about 65 MHz of spectrum from EchoStar and plans to deploy next-generation Starlink Mobile satellites in 2027, with upgraded service targeted for the end of that year.
Shotwell described the enhanced network, leveraging more satellites and spectrum, as potentially “100 times better” than the current direct-to-cell offering, which already supports basic texting and app-based voice/video in coverage gaps through partnerships. She also indicated plans for low-cost cellular base stations that could integrate with existing Starlink dishes, creating a hybrid system for broader capacity in urban, suburban, and rural areas.
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For the general public, Starlink Mobile promises significant advantages. Satellite connectivity can fill gaps where traditional cell towers fail, delivering service in remote locations, mountains, or during outages caused by storms, wildfires, or infrastructure damage—conditions in which ground networks often collapse.
Users could enjoy more consistent coverage without relying solely on dense tower builds, potentially at competitive prices as SpaceX scales. The hybrid approach aims to support full mobile services, including higher-speed data, while working with unmodified smartphones over time.
These developments revive long-standing but unfounded rumors of a Musk-developed “Tesla phone.” Speculative claims of a “Pi Phone” or similar device with built-in Starlink connectivity have circulated for years on social media, often featuring fabricated images and details. Elon Musk has repeatedly denied any such plans, stating Tesla has no intention of entering the smartphone market unless forced by extreme circumstances with app stores.
No official product, filings, or development announcements have ever materialized; the rumors remain hoaxes.
The announcement quickly pressured telecom stocks. Shares of AT&T, Verizon, and T-Mobile fell between roughly 2 and 4 percent in after-hours and premarket trading as investors weighed the competitive threat from a hybrid satellite-terrestrial network.
While execution challenges remain—spectrum deployment, infrastructure rollout, and regulatory hurdles—Shotwell’s remarks mark SpaceX’s clearest signal yet of entering the consumer mobile market as a full competitor.
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Venture capitalist Chamath Palihapitiya has cautioned investors shorting SpaceX shares, drawing a direct parallel to the intense short-selling pressure Tesla faced in its early public years.
Responding to reports of elevated short interest in the newly public rocket, satellite, and AI company, Palihapitiya noted that similar dynamics played out with Tesla, where aggressive short sellers ultimately “went broke.”
SpaceX (NASDAQ: SPCX) went public on June 12, 2026, in the largest IPO on record, pricing at $135 per share. Shares quickly surged to an all-time high of $225.64 just days later, briefly implying a valuation exceeding $2 trillion. The stock has since retreated sharply amid valuation concerns, lockup expiration fears, and broader market dynamics.
By early August, it traded near $108–$125, representing a roughly 50 percent decline from the peak and bringing the market capitalization closer to the $1.5–1.7 trillion range. On August 4, shares closed up more than 9 percent at $125.33 ahead of earnings before facing pressure in after-hours and premarket trading.
Short interest has climbed dramatically. According to S3 Partners data widely cited in market reports, short positions reached approximately 219.3 million shares by late July, about 34 percent of the limited public float of roughly 640 million shares, and represented a notional value of around $24.6 billion.
Utilization of shares available to borrow hit 95 percent, with borrow fees rising. This level of shorting exceeded the dollar value of short bets against Tesla at the time and built rapidly ahead of two catalysts: the company’s first post-IPO earnings and an August 6 lockup expiration that could free up to 911.5 million additional shares.
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CEO Elon Musk has issued warnings of his own. In mid-July, as short interest approached one-third of the float, he posted that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” reiterating his view that the company could ultimately be worth more than Earth if it achieves its goals.
On August 4, just before earnings, Musk responded to the latest short-interest data by saying, “I try to warn them, but they just double down.”
SpaceX delivered its first quarterly results as a public company after the close on August 4. Second-quarter revenue rose 92 percent year-over-year to $7.8 billion, beating consensus estimates near $6.8–6.9 billion.
The net loss narrowed to $541 million, or 9 cents per share, better than the roughly 23–24 cent loss expected. Starlink/connectivity contributed about $4.3 billion (up 66 percent), while the AI business generated $2.6 billion (up roughly 250 percent). Capital expenditures were heavy at $18.4 billion, largely tied to AI infrastructure. Management projected a $100 billion annualized revenue run rate by year-end 2026 and outlined a path toward $1 trillion in annual revenue by 2030.
The combination of Chamath’s historical reminder, Musk’s repeated alerts, and the company’s ambitious growth targets underscores the high-stakes debate surrounding SPCX. Short sellers are positioned for near-term supply pressure from the lockup, while long-term bulls point to Starlink scale, Starship progress, and AI compute expansion as reasons the bears may ultimately face the same fate as many early Tesla skeptics.
SpaceX has solved Starship’s biggest challenge, Elon Musk says
SpaceX is coming for wireless giants with Starlink Mobile
