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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Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
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.
SpaceX’s newest logo confirms everything about what it’s become
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