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SpaceX fires up Falcon 9 for first flight-proven ‘national security’ launch
On June 12th, SpaceX successfully fired up a once-flown Falcon 9 booster in the lead-up to the company’s fourth launch of an upgraded GPS III navigation satellite for the US military.
Dating back several years, SpaceX has won a vast majority of GPS III launches thanks to Falcon 9’s exceptional combination of reliability and affordability, securing all five competitively-awarded contracts. The company aced its first GPS III launch in December 2019, expending a brand new Falcon 9 booster (B1054) due to customer – not performance – requirements necessary to ensure extreme margins in the event of some kind of anomaly or underperformance during launch.
In June 2020, SpaceX once again launched a GPS III satellite for the US military, though this time the company was allowed to attempt to land the Falcon 9 booster supporting the mission – which it successfully recovered without issue. Less than five months after GPS III SV03’s successful launch, SpaceX turned around and launched GPS III SV04 – again with an all-new Falcon 9 rocket – and recovered the booster at sea. A few months prior, however, the US Space and Missile Systems Center (SMC) announced a contract modification that would allow SpaceX to begin reusing Falcon 9 boosters on National Security Space Launch (NSSL) missions – beginning with the company’s fourth GPS III launch.
Seven months later, SMC revealed that it has officially cleared SpaceX to begin launching GPS III (and other official NSSL) satellites on flight-proven Falcon rockets. Notably, that might include a Falcon Heavy launch – USSF-52 – planned as early as January 2022 that could reuse two new side boosters scheduled to debut on USSF-44 as early as October 2021.
In the meantime, though, GPS III SV05 – scheduled to launch no earlier than (NET) 12:09 pm EDT (16:09 UTC), Thursday, June 17th – is just two days away from becoming the first NSSL (formerly EELV) satellite to launch on a flight-proven commercial rocket. GPS III SV05 will reuse the same Falcon 9 booster (B1062) that successfully launched GPS III SV04 seven months prior.
While an extremely slow turnaround relative to any other modern Falcon 9 or Falcon Heavy booster, those seven months mainly gave the US military margin to fully certify flight-proven Falcons and satellite manufacturer Lockheed Martin time to deal with shortage and coronavirus-related delays. On June 12th, after rolling out to SpaceX’s Cape Canaveral LC-40 launch pad, GPS III SV05’s Falcon 9 rocket completed a wet dress rehearsal that culminated in a successful several-second static fire of booster B1062.
Now cleared for flight, Falcon 9 will be brought horizontal and roll back to LC-40’s integration hangar, where SpaceX will install the encapsulated GPS III SV05 satellite and payload fairing on top of the rocket’s expendable second stage.
The integrated payload assembly rolled from a nearby payload processing facility to LC-40 on June 13th, giving SpaceX four days to complete integration, roll Falcon 9 back out to the launch pad, and prepare the rocket for flight. Now alone on the East Coast for the first time in 12 months, drone ship Just Read The Instructions (JRTI) departed Port Canaveral for the GPS III SV05 booster recovery zone on the same day, followed by the latest in a line of temporary fairing recovery ships on June 14th to scoop the mission’s nosecone halves out of the Atlantic.
L-3 weather forecasts predict a 40% chance of delay on June 17th, improving to 30% on June 18th. Stay tuned for webcast details as SpaceX nears the first of many flight-proven launches for the US military.
President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.
The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.
Trump stated:
“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”
He added:
“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”
🚨 President Trump confirmed today that the new Air Force One is equipped with Starlink:
“We have communication equipment up there that nobody’s ever seen before, it’s the highest level and including Starlink…my friend Elon is going to be very happy.” pic.twitter.com/IhkDmtr5hL
— TESLARATI (@Teslarati) June 20, 2026
The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.
Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.
The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.
President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
President Trump touts new Air Force One with Musk technology
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
