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SpaceX Falcon 9 rocket aces first launch of dozens planned this year
A SpaceX Falcon 9 rocket has aced the first launch and landing of dozens planned by the company in 2021, kicking off what could be an unprecedentedly productive year.
Lifting off at 9:15 pm EST around 45 minutes into a four-hour window, SpaceX’s first mission of the year was tasked with delivering the ~3500 kg (7700 lb) Turksat 5A communications satellite to an elliptical geostationary transfer orbit (GTO) measuring roughly 200 km (~125 mi) to 36,000 km (22,500 mi) above the Earth’s surface.* Designed and built almost entirely by Europe’s Airbus Defence and Space for Turkey, the satellite is meant to expand and upgrade communications services over wide swaths of Africa, Europe, the Middle East, and Turkey itself.
*SpaceX actually appears to have delivered Turksat 5A to what is known as a supersynchronous GTO, meaning that the apogee (furthest point from Earth) is much higher than geostationary orbit. In the case of Turksat 5A, thanks to its relatively low launch mass, Falcon 9 was able to deploy the satellite into a healthy ~290 km by ~55,000 km (180 mi x 34,000 mi) transfer orbit. In doing so, SpaceX will have substantially cut the amount of time and/or delta V (propellant) Turksat 5A will take to circularize into its operational orbit (35,786 km x 35,786 km).
It’s believed that Turksat 5A will be used to some extent for Turkish military communications, raising controversy in light of the country’s conscious decision to directly aid the aggressor responsible for igniting the brief but bloody 2020 Nagorno-Karabakh War. Controversy aside, Turksat 5A will now spend the next several months gradually raising its perigee (the lowest point of its orbit) until the satellite arrives at an operational geostationary orbit, where its health will be verified before entering service.
Although a key ground station used for telemetry, tracking, and communications (TT&C) was down during most of the second half of the mission, Falcon 9’s autonomous upper stage performed flawlessly. The orbital vehicle confirmed the completion of a successful orbit-raise maneuver once contact was made with SpaceX’s next ground station, followed by a smooth deployment of the Turksat 5A satellite around 33 minutes after liftoff.
For Falcon 9, Turksat 5A was booster B1060’s fourth launch in six months and represented the SpaceX’s 50th booster reuse since March 2017. B1060 performed as expected throughout the launch, shutting down and separating from the second stage two and a half minutes after liftoff traveling 2.3 km/s (1.5 mi/s), coasting to an apogee well above the Karman Line (100 km/62 mi), reentering Earth’s atmosphere, and touching down on drone ship Just Read The Instructions (JRTI) after 8.5 minutes in flight.
The Turksat 5A mission also marked the second time SpaceX has used a flight-proven Falcon payload fairing on a commercial satellite launch, while it was also the first time in several months that both twin fairing recovery ships Ms Tree and Ms Chief were deployed on the same mission. SpaceX says only Ms Chief was scheduled to attempt a fairing catch, while Ms Tree would instead try to scoop its assigned half out of the Atlantic Ocean.
SpaceX has three more Falcon 9 launches scheduled this month, including its first dedicated Smallsat Program mission – known as Transporter-1 – NET January 14th and two Starlink missions – V1 L16 and V1 L17 – sometime in the second half of the month.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
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.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
