SpaceX
SpaceX Falcon 9 rocket lands for the last time ahead of risky in-flight abort test
SpaceX’s latest successful launch and landing has wrapped up with Israeli Moon lander Beresheet on its way to Earth’s neighbor, Indonesian communications satellite PSN-6 headed to its final orbit, and the second thrice-flown Falcon 9 Block 5 booster safely returned to Port Canaveral aboard drone ship Of Course I Still Love You (OCISLY).
Known as Falcon 9 B1048, its third successful landing and recovery will almost certainly be this booster’s last after its fourth launch was officially assigned to a critical Crew Dragon launch abort test, one that the booster is very unlikely to survive. According to SpaceX CEO Elon Musk, that test could occur as early as April and will push the first flight-proven Crew Dragon space capsule to its limits.
https://twitter.com/_TomCross_/status/1099688043009753088
After weathering what Musk also described as the toughest reentry and heating conditions yet experience by a Falcon 9 booster meant for recovery, Falcon 9 B1048 landing (almost) flawlessly aboard drone ship OCISLY, stationed roughly 700 km (430 mi) off the Florida coast. Hinted at by the booster’s very slight lean on the recovery vessel’s deck, B1048 most likely cut thrust (or ran out of fuel) just before the optimal stop point, causing the rocket to fall a few unintended feet onto OCISLY and eat into part of the aluminum honeycomb ‘crush-core’ present on all Falcon landing legs.
Reentry, even at 1/4 of orbital speed is hard pic.twitter.com/Tk2KJblWH5
— Scott Manley (@DJSnM) February 22, 2019
In essence, that crushable aluminum acts as a very rough form of emergency suspension meant to minimize potential damage to the fragile structure of Falcon booster propellant tanks at the cost of its landing legs. In the case of B1048’s third landing, the lean appears to be no more than a few degrees – scarcely out of the ordinary, at least relative to past leaning boosters. Most notably, Falcon 9 B1023 experienced a similar anomaly and a far worse lean after its first landing, an experience that did not apparently impact its ability to launch for the second time as a side booster for Falcon Heavy’s inaugural launch.
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- Falcon 9 B1048 returned to Port Canaveral on February 24th after its third successful launch and landing. (Teslarati)
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- B1048.3 beside its human caretakers. (Tom Cross)
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- Octagrabber robots are meant to prevent boosters from sliding off of drone ship decks by anchoring them with their tank-like weight. (Teslarati)
B1048’s slight departure from a perfect trajectory should thus pose no problem for in-place plans for the rocket’s fourth (and likely final) launch. Known as Crew Dragon’s in-flight abort (IFA) test, SpaceX specifically requested the inclusion of a second abort test (above and beyond NASA’s testing requirements) to fully verify that astronauts could be pulled to safety at any point during launch. In 2015, the company completed a pad abort test of Crew Dragon, demonstrating that the spacecraft could escape from a failing rocket while static on the launch pad. The in-flight abort is precisely what it sounds like: a demonstration that Crew Dragon can safely escape a failing rocket while in flight. More than simply being in flight, the goal is to demonstrate a successful abort at the point of peak aerodynamic stress of Falcon 9 and Dragon, known as Max Q.
For Cargo Dragon launches, Falcon 9 has typically averaged dynamic forces of about 25 kPa (~4 psi), roughly equivalent to 2.5 tons of force per square meter. During launch, either the payload fairing or Cargo/Crew Dragon are subjected directly to those forces, often requiring a significant period of lower throttle to mitigate the forces those sensitive assemblies experience. Given that Crew Dragon’s abort scenario accelerates the capsule and trunk from a relative speed of zero to nearly 350 mph (150 m/s) in five seconds, the dynamic forces (i.e. mechanical loads and heating) the spacecraft is experiencing could jump 50% or more almost instantaneously.
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- Falcon 9 B1054 around the time of Max Q. (Tom Cross)
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- While it doesn’t necessarily correlate with Max Q, vapor cones like the one on B1047’s fairing are a partial visualization of Max Q forces. (SpaceX)
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- An official SpaceX render shows Falcon 9 and Crew Dragon lifting off from Pad 39A. (SpaceX)
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- Falcon 9 B1051 and Crew Dragon vertical at Pad 39A. (SpaceX)
After Crew Dragon aborts, the Falcon 9 stack – featuring B1048 and a full-fidelity upper stage with a mass simulator in place of its MVac engine – will be instantaneously exposed to those same dynamic forces, experientially equivalent to bellyflopping from an Olympic-height diving platform. The upper stage may actually be better off than the booster thanks to the generally smooth dome at its stern, whereas Falcon 9’s booster would have its interstage – a deep, open cylinder – exposed to the same airflow if or when the upper stage is torn away. At the point of abort, Falcon 9 will most likely be in the process of shutting down its Merlin 1D engines, effectively removing the booster’s control authority and leaving it at the mercy of the atmosphere. SpaceX’s CRS-7 Cargo Dragon failure (caused by the second stage losing structural integrity mid-flight) is actually a decent representation of what is likely to happen to B1048 and its upper stage.
Given the potential destructive power B1048 will face, not to mention the fact that the booster will likely not have grid fins or landing legs installed, today’s recovery will probably be the last time the rocket returns to port and prepares for another launch. Explicitly dependent upon the refurbishment of DM-1’s Crew Dragon capsule, SpaceX’s in-flight abort is not expected to occur until June 2019, although Musk has indicated that the aspirational target is to perform the test as early as April, perhaps less than 60 days after the capsule is scheduled to land in the Atlantic Ocean.
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For years, there have been images and videos across social media platforms that have reminded me of when I was a 15-year-old kid teased by “Xbox 720” videos on YouTube. These videos are of the supposed “Tesla Phone” that Elon Musk was secretly developing in between leading Tesla with its electric cars and SpaceX with its reusable rockets.
Would you buy a Tesla phone ? pic.twitter.com/aaTwvvIJit
— Tesla Owners Silicon Valley (@teslaownersSV) October 6, 2023
Although Musk has put those rumors to bed several times, it was never completely out of the realm that he could get involved in cell phones in some capacity. Think outside the box and more macro-level, though. Instead of reinventing the computer, Musk reinvented connectivity by developing Starlink with SpaceX.
It could be something similar, TD Cowen analyst Gregory Williams said in a note last week, where he hinted SpaceX could be gathering some steam to acquire T-Mobile.
Williams said it would be the “clear choice” for SpaceX if it decided to go through with a network acquisition. He also suggested AT&T.
The move would be possible through selling more of its own stock, which would help SpaceX raise the money to purchase T-Mobile, which would cost roughly $300 billion. It could be one of the moves SpaceX makes post-IPO in terms of an acquisition: it already acquired Cursor AI for $60 billion.
Other analysts, like Dan Ives of Wedbush, believe SpaceX and Tesla will eventually merge into one anyway, and that conglomeration could come as soon as this year, some have said.
The implications of SpaceX purchasing T-Mobile are massive. A combined entity would create a truly ubiquitous network: T-Mobile’s terrestrial 5G towers and Starlink’s growing constellation of Direct-to-Cell satellites. This would essentially eliminate dead zones across the U.S. and potentially globally.
SpaceX would instantly become a full-scale facilities-based carrier with satellite differentiation; a huge advantage. This would pressure AT&T and Verizon heavily.
There are also concerns like a potential reduction in long-term competition, and of course, a deal of that size would face intense scrutiny from government agencies.
The strategic fit is compelling due to the existing Starlink–T-Mobile partnership and complementary technologies (space + terrestrial). It could create a dominant integrated communications player. However, the regulatory, financial, and execution hurdles are enormous — this remains highly speculative with no indication SpaceX is actively pursuing it right now.
Elon Musk
SpaceX’s newest Starmind will make earth data centers obsolete
Elon Musk confirmed Starmind as SpaceX’s AI satellite constellation name, targeting one million orbital compute nodes.
Elon Musk confirmed that Starmind will be the official name of SpaceX’s planned AI satellite constellation, following a trademark filing by xAI that surfaced earlier this week. Starmind is what’s being described to the FCC as a constellation of up to one million AI satellites
It’s worth noting that SpaceX’s Starlink communication satellite and Starmind are built on the same orbital infrastructure concept but serve entirely different purposes. Starlink is a connectivity network, with satellites receiving and relaying data between points on Earth, and functioning as a high-speed internet backbone in space. The satellites themselves do not process or think, and move information from one place to another, the same function a fiber cable performs underground.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
Starmind, on the other hand, is something completely different, and tather than moving data, its satellites would compute data through artificial intelligence and directly in orbit using onboard processors powered by large solar arrays. Where a Starlink satellite is essentially a very fast pipe, a Starmind satellite is a server. The practical implication is that Starmind would allow AI models to run inference, process queries, and generate outputs from space, then beam results down to users anywhere on Earth within milliseconds, and without the data ever needing to travel to a terrestrial data center.
Starship will be able to carry 30 to 50 AI1 satellites per launch, delivering the equivalent of dozens of server racks per flight, with no land acquisition, no power grid approval, and no cooling infrastructure required on the ground.
SpaceX is pursuing this new technology as terrestrial data centers are running into hard limits such as lack of physical space, community opposition, and power and water consumption at a scale that is increasingly difficult to permit. Space has unlimited solar power, natural vacuum cooling, and no zoning boards. Musk said in a June 8 video presentation that he expects space to become the lowest-cost location to deploy AI compute within two to three years. Two AI1 prototypes are scheduled to launch in early 2027, with volume production targeted for the end of that year at a new facility called Gigasat.
The real world applications Starmind enables extend well beyond powering Grok. A constellation of orbiting AI processors could run inference workloads for any paying customer, anywhere on Earth, with latency measured in milliseconds rather than the seconds associated with ground-based cloud routing across continents. Starmind, if it scales as described, would make SpaceX the landlord of AI compute the same way Starlink made it the landlord of satellite internet.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
Tesla Phone? Not quite, but close: analyst
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