News
SpaceX nails second Falcon 9 landing in 48 hours, fairing catch foiled by weather
Just a handful of days after SpaceX’s second-ever successful launch and landing of their upgraded Falcon 9 Block 5, the company has completed the same feat on the opposite side of the United States, debuting the Block 5 rocket with a launch and booster recovery from California’s Vandenberg Air Force Base (VAFB).
The booster in question, Falcon 9 B1048, is the third Block 5 booster to roll off of SpaceX’s Hawthorne, CA assembly line and is now the first Block 5 rocket to launch from the company’s California launch facilities. On the opposite coast, SpaceX’s second Block 5 Falcon 9 booster (B1047) completed its own successful launch and landing, lofting the heaviest commercial satellite to ever reach orbit (Telstar 19V).
While weather during camera setup was absolutely spectacular, the predawn launch window meant that no sun was available to force the ever-present VAFB fog back over the ocean. (Pauline Acalin)
Seven months, fourteen launches
Today’s near-flawless predawn mission saw Falcon 9 place 10 Iridium NEXT satellites in a polar Earth orbit, during which the rocket’s Block 5 booster completed the first landing on Just Read The Instructions in nearly ten months and Mr Steven made his first attempt at catching a parasailing Falcon fairing with his massive net and arms upgrades. Those upgrades, tracked tirelessly by Teslarati photographer Pauline Acalin for the better part of July, took barely a month to go from a clean slate (old arms and net fully uninstalled) to operational, fairing-catching status, an ode to the incredible pace at which SpaceX moves.
Sadly, the vessel’s Iridium-7 fairing catch attempt was sullied from the start by inclement weather – primarily wind shear – that significantly hampered the accuracy of each fairing halve’s parafoil guidance, meaning that Mr Steven’s crew did see the parasailing halves touch down, but too far away to catch them in Mr Steven’s large net. Falcon 9 B1048 had its own difficulties thanks to what engineer and webcast host John Insprucker described as “the worst weather [SpaceX] has ever had” for a Falcon booster landing. Nevertheless, Falcon 9 appeared to stick an off-center but plenty accurate landing aboard drone ship JRTI, although SpaceX technicians are likely going to wish they had the same robotic stage securer located aboard OCISLY on the opposite coast.
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- Just a hint of fog at liftoff. (SpaceX)
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- Onboard cameras thankfully came in clutch, providing an absolutely extraordinary view of most phases of launch. (SpaceX)
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- After MECO and S2 ignition, there were some ethereal plume interaction effects caught on Falcon 9’s onboard cameras. (SpaceX)
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- Also Earth’s limb from inside B1048’s interstage. (SpaceX)
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- And more unbelievable plume interaction… (SpaceX)
Just Read The Instructions, on the other hand, was similarly tracked but primarily to verify that nothing was happening – the vessel’s last operational trip to the Pacific Ocean dates back to the first half of October 2017. Since then, SpaceX began a process of intentionally expending Falcon 9 boosters that had already flown once before, choosing to essentially start from scratch with a fresh fleet of highly reliable and reusable Falcon 9 Block 5 boosters rather than recover older versions of the rocket and attempt to refurbish them beyond the scope of their designed lifespans.
The Block 5 design, however, has taken the countless lessons-learned from flying and reflying previous versions of Falcon 9 and rolled them all into one (relatively) final iteration of the ever-changing rocket. With any luck and at least a little more iteration, Falcon 9 Block 5 boosters should be capable of launching anywhere from 10 to 100 times, 10 times with minimal or no refurbishment and 100 times with more regular maintenance, much like high-performance jet aircraft do today.
Looks good, but so many details need to be right. Journey back from hypersonic becomes extremely difficult as velocity increases. Altitude is easy, velocity is hard.
— Elon Musk (@elonmusk) July 23, 2018
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With three successful launches of new Block 5 boosters now under the new version’s belt, it’s safe to say that the rocket is off to an extremely good start. The most important milestones to watch for over the next several weeks and months will be the first reflight of a recovered Block 5 rocket, the first reuse of a Falcon 9 payload fairing, and then the first third/fourth/fifth/etc. reuse of Block 5 booster. On the horizon, of course, is SpaceX CEO Elon Musk’s challenge to launch a Falcon 9 Block 5 booster two times in less than 24 hours, and do so before the end of 2019.
2018: I’m watching a livestream of a rocket sending satellites to orbit and then landing on a droneship in the ocean — while watching the company’s other droneship return to port with a rocket that did the same thing on the opposite side of the country three days ago. pic.twitter.com/wWA8ZCBAeY
— John Kraus (@johnkrausphotos) July 25, 2018
Roughly 3,000 miles to the East, SpaceX’s just-recovered Florida Block 5 booster wrapped up a picture-perfect arrival in Port Canaveral aboard drone ship Of Course I Still Love You at the exact same time as another Block 5 rocket was launching (and landing) on the opposite coast.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven), check out our brand new LaunchPad and LandingZone newsletters!
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SpaceX COO Gwynne Shotwell outlined ambitious plans for Starlink Mobile during the company’s August 4 Earnings call, signaling a direct challenge to U.S. wireless giants like AT&T, T-Mobile, and Verizon.
Shotwell noted that the three companies generate roughly $600 billion in combined annual revenue. “I anticipate us to be able to acquire quite a few of their customers because I think our service will be better,” she said. “We will eliminate dead zones leveraging the satellites in orbit. It will be better during any natural disaster… I’m quite excited about Starlink Mobile.”
SpaceX President & COO Gwynne Shotwell on @Starlink Mobile and its impact on Verizon, AT&T and T-Mobile:
“Roughly, between them, $600 billion a year. I anticipate us to be able to acquire quite a few of their customers. Our service will be better. We will eliminate dead zones… pic.twitter.com/UYZUkrGc0L
— Sawyer Merritt (@SawyerMerritt) August 4, 2026
SpaceX intends to combine its satellite constellation with terrestrial infrastructure. The company has acquired about 65 MHz of spectrum from EchoStar and plans to deploy next-generation Starlink Mobile satellites in 2027, with upgraded service targeted for the end of that year.
Shotwell described the enhanced network, leveraging more satellites and spectrum, as potentially “100 times better” than the current direct-to-cell offering, which already supports basic texting and app-based voice/video in coverage gaps through partnerships. She also indicated plans for low-cost cellular base stations that could integrate with existing Starlink dishes, creating a hybrid system for broader capacity in urban, suburban, and rural areas.
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For the general public, Starlink Mobile promises significant advantages. Satellite connectivity can fill gaps where traditional cell towers fail, delivering service in remote locations, mountains, or during outages caused by storms, wildfires, or infrastructure damage—conditions in which ground networks often collapse.
Users could enjoy more consistent coverage without relying solely on dense tower builds, potentially at competitive prices as SpaceX scales. The hybrid approach aims to support full mobile services, including higher-speed data, while working with unmodified smartphones over time.
These developments revive long-standing but unfounded rumors of a Musk-developed “Tesla phone.” Speculative claims of a “Pi Phone” or similar device with built-in Starlink connectivity have circulated for years on social media, often featuring fabricated images and details. Elon Musk has repeatedly denied any such plans, stating Tesla has no intention of entering the smartphone market unless forced by extreme circumstances with app stores.
No official product, filings, or development announcements have ever materialized; the rumors remain hoaxes.
The announcement quickly pressured telecom stocks. Shares of AT&T, Verizon, and T-Mobile fell between roughly 2 and 4 percent in after-hours and premarket trading as investors weighed the competitive threat from a hybrid satellite-terrestrial network.
While execution challenges remain—spectrum deployment, infrastructure rollout, and regulatory hurdles—Shotwell’s remarks mark SpaceX’s clearest signal yet of entering the consumer mobile market as a full competitor.
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Venture capitalist Chamath Palihapitiya has cautioned investors shorting SpaceX shares, drawing a direct parallel to the intense short-selling pressure Tesla faced in its early public years.
Responding to reports of elevated short interest in the newly public rocket, satellite, and AI company, Palihapitiya noted that similar dynamics played out with Tesla, where aggressive short sellers ultimately “went broke.”
SpaceX (NASDAQ: SPCX) went public on June 12, 2026, in the largest IPO on record, pricing at $135 per share. Shares quickly surged to an all-time high of $225.64 just days later, briefly implying a valuation exceeding $2 trillion. The stock has since retreated sharply amid valuation concerns, lockup expiration fears, and broader market dynamics.
By early August, it traded near $108–$125, representing a roughly 50 percent decline from the peak and bringing the market capitalization closer to the $1.5–1.7 trillion range. On August 4, shares closed up more than 9 percent at $125.33 ahead of earnings before facing pressure in after-hours and premarket trading.
Short interest has climbed dramatically. According to S3 Partners data widely cited in market reports, short positions reached approximately 219.3 million shares by late July, about 34 percent of the limited public float of roughly 640 million shares, and represented a notional value of around $24.6 billion.
Utilization of shares available to borrow hit 95 percent, with borrow fees rising. This level of shorting exceeded the dollar value of short bets against Tesla at the time and built rapidly ahead of two catalysts: the company’s first post-IPO earnings and an August 6 lockup expiration that could free up to 911.5 million additional shares.
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CEO Elon Musk has issued warnings of his own. In mid-July, as short interest approached one-third of the float, he posted that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” reiterating his view that the company could ultimately be worth more than Earth if it achieves its goals.
On August 4, just before earnings, Musk responded to the latest short-interest data by saying, “I try to warn them, but they just double down.”
SpaceX delivered its first quarterly results as a public company after the close on August 4. Second-quarter revenue rose 92 percent year-over-year to $7.8 billion, beating consensus estimates near $6.8–6.9 billion.
The net loss narrowed to $541 million, or 9 cents per share, better than the roughly 23–24 cent loss expected. Starlink/connectivity contributed about $4.3 billion (up 66 percent), while the AI business generated $2.6 billion (up roughly 250 percent). Capital expenditures were heavy at $18.4 billion, largely tied to AI infrastructure. Management projected a $100 billion annualized revenue run rate by year-end 2026 and outlined a path toward $1 trillion in annual revenue by 2030.
The combination of Chamath’s historical reminder, Musk’s repeated alerts, and the company’s ambitious growth targets underscores the high-stakes debate surrounding SPCX. Short sellers are positioned for near-term supply pressure from the lockup, while long-term bulls point to Starlink scale, Starship progress, and AI compute expansion as reasons the bears may ultimately face the same fate as many early Tesla skeptics.
Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
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SpaceX is coming for wireless giants with Starlink Mobile
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
