News
SpaceX’s Falcon 9 Block 5 rocket looks no worse for wear after dual launches
SpaceX’s first Falcon 9 Block 5 booster has returned to Port Canaveral, FL once again after the rocket’s second successful launch, likely the first of countless reuses to come over the next months and years. Of note, B1046.2 (Booster 1046, flight 2) was by all appearances in as good of condition as it was when it lifted off from Pad 40 just three days prior.
While it may be difficult to immediately distinguish between B1046’s second launch and recovery and those of previous, older Falcon 9 boosters, Block 5 is a quite simply an entirely different story. Moreover, the fact that SpaceX went from the major upgrade’s launch debut to first booster reflight in barely three months is an extraordinarily good indication that Block 5’s first flightworthy design (especially the parts not visible to the public) is very close to its engineers’ theoretical intentions.
Some additional shots of today's B1046.2 return to port. @SpaceX @SpaceXUpdates @elonmusk @SpaceXFleet #SpaceX pic.twitter.com/d4ivQ8PRuU
— The Aerospace Geek (@ThAerospaceGeek) August 10, 2018
Falcon 9 B1046’s second recovery also happened to be the quickest yet for SpaceX by a healthy margin, taking just 4.5 days to travel 400 miles back to port, be lifted off drone ship Of Course I Still Love You, have its legs removed, and be loaded horizontally onto SpaceX’s dedicated Cape Canaveral booster transporter. Whether or not the rocket itself is ready for another flight with absolutely zero refurbishing in between, this demonstration of just how quickly SpaceX’s infrastructure can operate indicates that much of the framework needed for truly rapid reuse is already largely in place.
Once SpaceX is confident that Block 5 can be reflown with little more than new fuel added and has lined up multiple payloads for launch in just a few days or weeks, it’s clear that the company will already have the ability to launch (and reuse rockets) so quickly that drone ship availability will become the primary bottleneck. For example, if B1046 could have shipped to one of SpaceX’s launch sites moments after it was loaded on its transporter and prepped for the second launch within 24-48 hours of going horizontal, it’s extremely unlikely that OCISLY could be readied for another booster recovery and towed several hundred miles off the coast in time to catch B1046 after its third launch.
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- B1046 returned to Port Canaveral shortly after its May 4 debut, and is now being carefully analyzed as pathfinder hardware. (Tom Cross)
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- Soon after, B1046 was spotted on its way to a refurbishment facility around a week after its May 11 launch debut. (Instagram /u/tersco)
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- It’s currently unclear whether B1046 or B1048 will become the first SpaceX rocket to fly three times. (Tom Cross)
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- 60 hours after docking, B1046 was loaded horizontally onto its transporter. (Tom Cross)
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- SpaceX’s rocket-securing robot, known as Octagrabber, seen on OCISLY after another successful rocket recovery, August 12th. (Tom Cross)
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As such, barring the extremely rapid completion of SpaceX’s third drone ship (named A Shortfall of Gravitas), it can be all but guaranteed that SpaceX will need to use its land-based Landing Zone 1 to accomplish CEO Elon Musk’s challenge of launching, landing, and relaunching the same Falcon 9 booster in less than 24 hours sometime before the end of 2019. Even then, it seems likely that SpaceX would either need to dramatically improve the turnaround capabilities of one of its launch sites or conduct those back-to-back launches using both of the company’s two Florida pads (LC-39A and LC-40).
Regardless, the first reuse of a Falcon 9 Block 5 booster unequivocally marks the beginning of a new era for SpaceX and for orbital rocketry worldwide. According to one of SpaceX’s webcast hosts during the second flight of B1046 (for the launch of Telkom 4/Merah Putih), the rocket’s third launch (a first for SpaceX) is already in planning for an unspecified mission later this year. As SpaceX rockets begin to rack up 3, 5, 10, or more launches apiece and the act of reusing Falcon 9s becomes so routine that it bores all but the most ardent followers, you’ll know that SpaceX has essentially succeeded in the first step of its master plan. Next stop: BFR and Mars.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven) check out our brand new LaunchPad and LandingZone newsletters!
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
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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.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
