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SpaceX Falcon booster completes 10th launch and landing in 19 months
Falcon 9 booster B1058 has successfully completed SpaceX’s Transporter-3 mission, acing its tenth orbital-class launch and landing in record time in the process.
The rocket lifted off as planned from Cape Canaveral Space Force Station (CCSFS) Launch Complex 40 (LC-40) at 10:25 am EST (15:25 UTC), Thursday, January 13th with 105 small satellites in tow, marking SpaceX’s third dedicated Smallsat Rideshare Program launch since January 2021. Beginning in 2022, the company aims to conduct three such rideshare launches annually, operating Falcon 9 a bit like an orbital bus service with the capacity for hundreds of small satellites from virtually any person, institution, or company on Earth – all for the unprecedentedly low price of approximately $5,000 per kilogram.
As such, it’s no surprise that SpaceX’s Smallsat Rideshare Program has received as much demand as it has. While relatively insignificant in the scope of the rest of the company’s substantial launch and services revenue, SpaceX has now safely delivered 323 small satellites to orbit for 100+ customers with just three dedicated Transporter missions. As an example, that means that in less than 12 months, SpaceX has launched about three times as many small satellites as dedicated small satellite launch company Rocket Lab has launched in the last four years. It’s no surprise, then, that Rocket Lab has already announced plans to develop a far larger, more reusable rocket after just 20 successful Electron launches.
Meanwhile, as dozens of other startups work on similar small rockets that aim to launch around 500-1500 kg to low Earth orbit (LEO), SpaceX – who began its existence developing the much smaller Falcon 1 rocket – almost immediately abandoned small rockets to focus on the much larger Falcon 9 and Falcon Heavy vehicles. Thanks to reusability, even a moderately loaded two-stage Falcon 9 with a flight-proven booster almost certainly costs SpaceX several times less per kilogram launched than a fully-loaded Falcon 1.
The booster that launched Transporter-3 is a perfect example. Depending on how one measures it, the launch likely cost SpaceX between $15M and $30M to deliver 105 satellites – likely weighing 3-4 tons total – to sun-synchronous orbit (SSO). SpaceX charges customers a fixed price of $1 million for a 200 kg (440 lb) slot on a Transporter mission, meaning that a 4-ton payload would theoretically net the company $20M. In comparison, in 2005, SpaceX was selling Falcon 1 – designed to launch 1 ton to LEO and ~400 kg to SSO – for the equivalent of around $8 million today. In other words, Falcon 1 customers would have paid about $20,000/kg versus $5,000/kg for a slot on a reusable Falcon 9.
The kicker: Transporter-3 was Falcon 9 B1058’s tenth orbital-class launch in just 19 months, averaging one launch every 59 days. Technically, before a major downtick in SpaceX launch activity beginning in mid-2021, B1058 had actually managed eight launches in less than a year – one launch every ~45 days. Transporter-3 isn’t even its first dedicated rideshare mission – the same booster launched another 133 customer smallsats on Transporter-1 almost exactly a year ago. B1058 has also launched two astronauts, two Dragons, a South Korean geostationary communications satellite, and approximately 290 Starlink spacecraft, amounting to around 120 tons (~260,000 lb) of payload delivered to orbit in a year and half – roughly equivalent to an entire Saturn V launch to low Earth orbit for a tiny fraction of even the marginal cost of the giant Moon rocket.
SpaceX has plans for another two Transporter rideshare launches later this year. The company has as many as three more Falcon 9 launches scheduled for the second half of January, including Starlink 4-6 on January 17th and Italy’s CSG-2 Earth observation satellite on January 27th. Starlink 4-7 is expected to launch around the same time as CSG-2.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
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Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
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Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
