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SpaceX transports Falcon 9 to launch site ahead of Block 5’s second expendable launch ever
Photos published on July 28th by customer Spacecom show a sooty SpaceX Falcon 9 booster and fresh upper stage on their way to LC-40 for the launch of the AMOS-17 communications satellite, scheduled to lift off no earlier than 6:51 pm EDT (22:51 UTC), August 3rd.
Sadly, the booster will reportedly be expended during the launch. According to Spacecom, AMOS-17 – built by Boeing – is an undeniably large satellite, weighing more than 6500 kg (14,300 lb) and featuring a solar array wingspan of ~35m (115 ft). SpaceX has certainly launched larger satellites than AMOS-17 and still recovered their Falcon 9 boosters, but this mission is somewhat unique and SpaceX is obviously willing to go the extra mile in this case.
In a surprise development, Spacecom officially confirmed that AMOS-17 will be SpaceX’s second expendable Falcon 9 Block 5 launch in the rocket’s ~15 months of operations, following in the footsteps of its expendable December 2018 launch debut. This is more than a little disappointing, thanks in large part to the fact that SpaceX has developed Falcon 9 (and Heavy) reusability to such a level of maturity that fully expendable Falcon launches just feel wrong.
In fact, just a month ago, SpaceX reached a major milestone of reusability when it recovered two flight-proven Falcon Heavy boosters and became the first company in history to launch and land more orbital-class rocket boosters than it has expended (as of June 2019: 81 launched, 43 landed). SpaceX followed this up with landing #44 after Falcon 9 B1056.2 successfully completed its second launch on July 25th.
While expending a Block 5 booster that SpaceX CEO Elon Musk has stated could launch upwards of 20-30 times is certainly disappointing, the sting of Block 5’s second expendable mission is at least soothed by the knowledge that it will be this booster’s third and final launch. The first expendable Block 5 launch – the US Air Force’s GPS III SV01 mission – made use of a brand new booster (B1054).
A (hopefully) worthy sacrifice
In a small way, Falcon 9 B1047’s premature demise could easily be viewed as a sort of symbolic eye-for-an-eye sacrifice. Although not a literal 1:1 replacement, AMOS-17 is still essentially a follow-on to Amos-6, destroyed on September 1st, 2016 when Falcon 9 suffered an exotic COPV failure that led to a massive explosion (Musk called it a ‘fast fire’).
Installed on top of the rocket during what was meant to be a pre-launch static fire test, the ~$200M+ Amos-6 satellite was not spared from the destruction and owner Spacecom ultimately received an insurance settlement it then used (in part) to purchase AMOS-17. Additionally, instead of accepting a cash payout from SpaceX, Spacecom chose the contractual alternative: a free Falcon 9 launch of their choice.
Is it a coincidence that a Block 5 booster is going to be expended as part of that replacement launch? Almost certainly, yes. At a minimum, SpaceX – essentially launching for free per a contractual agreement with Spacecom – has clearly decided along with Spacecom that putting all of Falcon 9’s energy into AMOS-17 is preferable to withholding margin for a landing.
With Falcon 9 B1047.2 in an expendable configuration, SpaceX can take a no-holds-barred approach towards delivering Spacecom’s AMOS-17 to the highest orbit possible. The higher the geostationary transfer orbit (GTO) Falcon 9 can launch AMOS-17 to, the faster the satellite can begin serving customers and thus generating revenue for Spacecom. Combined with the fact that more than half of AMOS-17’s massive 6.5-ton mass is chemical propellant, the spacecraft – pending a healthy launch and on-orbit commissioning – could be ready to start serving customers just a month or two after lift-off.
Falcon 9 B1047 will be missed, but the booster’s demise is an understandable cost of SpaceX prioritizing customer Spacecom’s launch experience above the company’s own best interests.
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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
