News
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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Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.
News
SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla
SpaceX president Gwynne Shotwell quietly followed Tesla on X, and merger watchers noticed right away.
SpaceX President and COO Gwynne Shotwell has started following Tesla’s official account on X, a small change that landed in the middle of a very loud merger conversation. Whole Mars Catalog joked about it on Sunday.
A follow is not an announcement, and neither company has said anything about a deal. What gives the moment weight is the timing. Barclays analyst Dan Levy has told clients that an agreement could come before Tesla’s annual meeting, which must be held by December 6, with SpaceX as the buyer in an all stock deal, as we reported after the Roadster unveiling. Wedbush’s Dan Ives has stuck with a 2027 timeline.
“Shit, I better start following their X account if i’m gonna be helping run the company”
— Whole Mars Catalog (@wholemars) October 18, 2026
Shotwell is the executive most worth watching if the two companies do move closer. When Musk was asked at the All In Summit why Tesla and SpaceX remain separate, Shotwell sat next to him and said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps. The businesses were integrating “faster than I thought,” she said, though “not fully integrated yet.” Her responsibilities have also grown since SpaceX absorbed xAI, and she now oversees operations that include Grok and the company’s AI compute buildout.
The financial links are already there. Tesla’s $2 billion xAI investment turned into a stake of less than one percent in SpaceX, the two share the Terafab chip project in Austin, and Musk exercised his 2018 Tesla options a week after SpaceX began trading, a sequence analysts flagged as giving SpaceX public shares to use in a deal. Musk holds about 20 percent of Tesla and controls 85.1 percent of SpaceX’s voting power, according to our earlier breakdown.
The next test is close at hand. SpaceX reports its second earnings as a public company on Tuesday after the close, and Tesla follows on Wednesday. Musk told analysts in July that “we can’t talk about combining companies and that kind of thing on an earnings call,” so a direct answer is unlikely from either stage. Tesla shareholders can still submit and vote on questions through the Say portal until 4 p.m. EDT on Monday, and the merger is a recurring theme in the queue.