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SpaceX nails first Falcon 9 booster launch debut in months [photos]
On December 5th, SpaceX pulled off a flawless Falcon 9 booster debut in support of the Cargo Dragon spacecraft’s CRS-19 space station resupply mission, marking the first launch of a new booster in months.
More specifically, the last time SpaceX launched a new Falcon 9 booster was on June 25th, 2019 during STP-2, Falcon Heavy Block 5’s second mission in two months. The mission featured two flight-proven side boosters – both reused from the Block 5 rocket’s April 11th launch debut – but also relied on a new center core (B1057). B1057 unfortunately failed moments before a planned touchdown on drone ship Of Course I Still Love You (OCISLY) but still technically qualifies as the last new booster launched by SpaceX prior to CRS-19.
A few days shy of six months later, CRS-19’s brand new Falcon 9 booster (and an expendable upper stage) rolled out to SpaceX’s LC-40 launch pad, confirming suspicions that the mission would use a new booster instead of twice-flown B1056.
After the booster successfully launched CRS-17 and CRS-18 in May and July 2019, both SpaceX and NASA indicated that B1056 was the most likely candidate to launch CRS-19. Plans clearly changed, although SpaceX indicated in a prelaunch conference that the booster manifest swap was purely a scheduling move and didn’t indicate any technical issues or dissatisfaction from NASA.
In the history of SpaceX booster reuse, NASA has thus far only been comfortable flying on flight-proven boosters that had previously flown NASA missions only, meaning that it will likely be at least 12-18 months before the space agency has another twice-flown Falcon 9 booster ready for a NASA mission. Regardless, the space agency has been undeniably willing to support the technology far sooner than most would have expected, given its history of extreme conservatism over the two or so decades.
Regardless, after a brief wind-related 24-hour delay, Falcon 9 B1059 lifted off for the first time on December 5th, performing perfectly and ultimately landing on drone ship Of Course I Still Love You (OCISLY) to leave the upper stage with enough fuel to perform experiments after deploying Cargo Dragon. The mission’s drone ship landing – unusual for Cargo Dragon launches – raised suspicions in the spaceflight community and SpaceX ultimately confirmed the above information, indicating that CRS-19’s upper stage would perform orbital coast tests (likely for the USAF).
As it turns out Falcon 9 B1059’s flawless landing aboard OCISLY also made it the 20th booster SpaceX has successfully recovered. All told, SpaceX has flown a total of 46 separate missions with flight-proven Falcon 9 and Falcon Heavy boosters, all of which have occurred since the technology’s March 2017 debut.
After reaching orbit for the third time ever, Cargo Dragon capsule C106 and a fresh trunk began the journey to the International Space Station (ISS) with around 2600 kg (5800 lb) of science experiments, consumables, and other cargo aboard. The spacecraft successful rendezvoused with the ISS on December 8th and was captured and berthed by the station’s massive robotic arm (Canadarm2) shortly thereafter. All told, SpaceX has now delivered roughly 41 metric tons (90,000 lb) of cargo for NASA over its 19 successful missions to the ISS.
Meanwhile, with its first launch and landing – and a relatively gentle one, at that – under its belt, Falcon 9 B1059 should theoretically be a prime candidate for rapid turnaround, although there’s a good chance that SpaceX will hold the booster to support CRS-20, Cargo Dragon 1’s last planned launch. That mission is expected no earlier than March 2020.
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Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
