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SpaceX completes Falcon 9 test fire, space station supply mission up next
After almost exactly 15 months of dormancy, SpaceX’s Launch Complex 40 (LC-40) came to life with the roar of nine Merlin 1D rocket engines as Falcon 9 1035 conducted its second pre-launch static fire in preparation for the company’s 13th Commercial Resupply Services mission, CRS-13. Previously tasked with the launch of the CRS-11 Cargo Dragon, the booster completed its mission and returned safely to Landing Zone-1 (LZ-1) on June 3 2017. The path towards LC-40’s reactivation has delayed the launch approximately one week, but December 6th’s successful static fire bodes well for the current launch date, 11:46 AM on December 12.
Static fire test of Falcon 9 complete—targeting launch of CRS-13 on December 12 from Pad 40, followed by launch of Zuma from Pad 40 in early January.
— SpaceX (@SpaceX) December 6, 2017
On September 6 2016, LC-40 was effectively destroyed over the course of the Amos-6 failure. In months that followed, SpaceX reactivated LC-39A in order to continue chipping away at the company’s launch manifest, but also began the slow process of damage assessment and reconstruction of LC-40. It is safe to assume that almost every single component of the ground support equipment (GSE) was completely replaced, and interviews with Cape Canaveral’s 45th Space Wing commander suggest that SpaceX went further still, transforming the painful situation into an opportunity.
In an exclusive and frank conversation between Brig. Gen. Wayne Monteith and Florida Today’s Emre Kelly, the commander suggested that extensive design changes and additional hardening measures implemented during reconstruction are expected to make LC-40 exceptionally resilient to the rigors of rocket launches. Most tellingly, if perhaps overly optimistic, Monteith estimated that a second vehicle failure on the order of Amos-6 might only take two months to recover from, compared to the 15 months that followed Amos-6. He attributed this claim to GSE that is now largely buried underground, theoretically protecting the vast apparatus of hand-welded piping necessary to fuel the Falcon 9 launch vehicle. The replacement Transporter/Erector/Launcher (TEL) tasked with supporting Falcon 9 during integration and launch also appears to have been modernized, and will likely end up looking quite similar to the monolithic white TEL that resides at LC-39A.
Rocket and spacecraft for CRS-13 are flight-proven. Falcon 9’s first stage previously launched SpaceX’s eleventh resupply mission for @NASA, and Dragon flew to the @Space_Station in support of our sixth cargo resupply mission. pic.twitter.com/RY4F2TrWO2
— SpaceX (@SpaceX) December 6, 2017
With CRS-13’s static fire now complete, the mission is set to become the fifth operational reuse of a flight-proven Falcon 9 booster in 2017, thanks to NASA’s unusually rapid acceptance of the new practice. Further still, if Iridium-4’s December 22 launch date holds, and it does look to be stable for the moment, SpaceX will rather incredibly have conducted five commercial reuses of a Falcon 9 in its first year of operations, meaning that one third of SpaceX’s 2017 missions will have launched aboard flight-proven boosters. Also impressive is SpaceX’s full-stop move towards the reuse of Cargo Dragon capsules, and the company stated over the summer that it was hoping to almost completely redirect Cargo Dragon’s manufacturing facilities towards Dragon 2, also known as Crew Dragon. This was most recently reiterated several months ago and is presumed to still be the company’s goal moving forward, and CRS-12 is believed to have been the last “new” Cargo Dragon that will fly. CRS-13’s Dragon previously flew the CRS-6 mission in April 2015.
Photos shared privately with the author show CRS-13’s Falcon 9 to be covered in a graceful layer of soot from its previous recovery, similar in appearance to Falcon 9 1021 seen above. (Instagram/bambi_mydear)
In a December 6 tweet, SpaceX further confirmed that the deeply secretive Zuma mission, previously delayed from an early-November launch as a result of concerns about fairing defects, has now been moved from LC-39A to LC-40 and is understood to be targeting January 4 2018. This will give SpaceX approximately three weeks after the launch of CRS-13 to verify that everything is functioning nominally in what is essentially a new pad.
Meanwhile, with Zuma now officially moved to 40, LC-39A is completely free from routine operations, meaning that SpaceX’s ground crew can now work at will to ready the pad for the inaugural launch of Falcon Heavy, now aiming for early 2018. Aside from Falcon Heavy, recent FCC filings point to two additional SpaceX launches aiming for January, although slips are probable in light of CRS-13’s minor delays. Regardless, December and January are likely to be thrilling months for followers of the intrepid space exploration outfit.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
