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SpaceX continues water landing test in latest Space Station resupply mission

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8 years ago

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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.

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.

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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.

Follow us for live updates, behind-the-scenes sneak peeks, and a sea of beautiful photos from our East and West coast photographers.

Teslarati   –   Instagram – Twitter

Tom Cross – Twitter

Pauline Acalin – Twitter

Eric Ralph – Twitter

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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.

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Investor's Corner

SpaceX reports beat in first earnings while minimizing losses

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4 hours ago

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August 4, 2026

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Credit: SpaceX | X

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

Elon Musk sends second warning to SpaceX shorts ahead of first earnings

Published

5 hours ago

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August 4, 2026

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Credit: Grok Imagine

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.

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.

Elon Musk sends first warning to SpaceX short sellers

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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.

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Tesla’s AI lead doubles down on FSD’s speed strategy, and owners are confused

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8 hours ago

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August 4, 2026

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Credit: Tesla

Tesla’s AI lead Ashok Elluswamy doubled down on the company’s strategy regarding Full Self-Driving’s speed settings, and owners are definitely confused.

Earlier versions of Full Self-Driving allowed owners to set a max speed that the vehicle could travel while operating under the semi-autonomous driver assistance platform. This allowed more customization for the driver, giving them the ability to experience FSD’s robust performance with their own personal preferences.

Speed is massively important for obvious reasons — it’s not only a question of keeping the vehicle occupants comfortable by traveling at a safe speed, but it’s also something that could contribute to a ticket or infraction from law enforcement.

With the release of FSD v14 last year, Tesla removed the ability to set a max speed and instead opted for five Speed Profiles, ranging from “Sloth,” the most conservative, to “Mad Max,” the most aggressive and spirited. These profiles not only control speed, but also how frequently the vehicle will execute passes, perform lane changes, and other contributing factors.

The removal of the Max Speed setting was a major complaint amongst the Tesla community because it left owners scrambling for a way to experience suitable behaviors while traveling at an appropriate speed. Most felt the driving profiles would be a good indicator of the behaviors, while speed would still be left up to the discretion of the driver.

Instead, Tesla’s Speed Profiles determine both, and the constant tinkering of how they behave has been a major bottleneck and point of confusion for both owners and the company. From update to update, the Speed Profiles will change, sometimes more drastically than others. Some owners have complained that the “Standard” profile is too fast, while others have experienced “Mad Max” traveling below the speed limit:

These things change with each update, but the big complaint is that owners are on the hook for any tickets that come from FSD’s infractions; that’s the caveat of the suite being named FSD (Supervised). It ultimately means the driver is responsible, and the automaker has no liability when it comes to speeding tickets or general traffic infractions.

It is the driver’s responsibility to take over or adjust based on this.

Elluswamy essentially confirmed that there are no plans to bring back Max Speed control, because it is what he referred to as “an anti pattern.” He then echoed something that CEO Elon Musk has started to really push with FSD, and that’s the idea that Tesla is really honing in on the preferences of the driver.

Owners were confused by Tesla’s decision, stating that there must be a better way, especially considering disengagements for incorrect speeds are common:

From personal experience and using FSD for over 72 percent of my driving miles since v14 was released late last year, I make Speed Profile adjustments constantly. If FSD is traveling a tad too quickly, I will scale it back, and if it’s too conservative, I’ll make it more aggressive.

I don’t complain about making the Speed Profile changes too frequently, but it would certainly be nice to have it happen less frequently. There are far too many times I am concerned about getting a ticket, even in Standard mode.

The biggest issue for me, personally, which seems to be echoed throughout the community, is the fact that Tesla’s goal is to minimize disengagements. Many drivers are stating that speed is a major reason for disengagements.

However, Tesla is not willing to bring back this one level of input because it would technically be a regression.

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Whether it’s right or wrong in your opinion, it is what Tesla is going with, and it seems like it has pivoted quite a bit from its other strategies for minimizing interventions by pushing its AI to behave in a way that would fit the occupant’s personal preferences.

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