SpaceX has set a new record for the heaviest payload launched on a Falcon 9 rocket as part of a routine Starlink satellite launch.
Simultaneously, the rocket responsible for setting that new record launched with a reusable booster that was last spotted clinging to life – engines heavily damaged – on the deck of a SpaceX drone ship eight months prior. At the time, it wasn’t clear if the Falcon 9 booster – theoretically capable of supporting at least 12-14 more launches – would be able to recover from the damage and fly again.
It’s now clear that the booster suffered no major invisible damage, ultimately allowing SpaceX to complete repairs and return the rocket to service at the cost of a lengthy delay.
According to spaceflight writer Alejandro Alcantarilla Romero, one additional cost – at minimum – was a full set of new Merlin 1D engines. Sometime shortly after Falcon 9 B1069’s flawless December 2021 launch and landing debut, a robotic helper known as Octagrabber most likely lost its grip on the booster while attempting to secure it. Likely already in high seas, the conditions prevented SpaceX workers from safely boarding the ship and manually securing the booster, which was then free to slide about its tilting deck.
Alternatively, it’s possible that Octagrabber successfully secured the booster but was then subjected to truly awful sea conditions. Designed to passively hold boosters to the deck with its sheer weight, even the tank-like robot wouldn’t be able to save a booster if a storm caught the drone ship off guard and the waves were high enough.
Either way, B1069 returned to port pressed against the lip of drone ship Just Read The Instructions’ (JRTI) deck, leaning hard to port. Worse, each of its nine fragile Merlin 1D engine nozzles had been crushed like tinfoil against Octagrabber, damaging them well beyond repair. While there’s a chance that SpaceX was or will be able to salvage the parts of B1069’s original M1D engines above their bell nozzles, it’s little surprise that the company had to fully replace those engines before the booster could fly again.
The damage B1069 suffered on its first launch makes it even more impressive that SpaceX attempted to break Falcon 9’s payload record with its return to flight, suggesting that the company was extremely confident in its repairs.
SpaceX confirmed that Falcon 9 broke the record with its launch of 54 Starlink V1.5 satellites at the end of its hosted webcast, revealing that the rocket launched 16.7 metric tons (~36,800 lb) to Low Earth Orbit (LEO). The last confirmed record – claimed by CEO Elon Musk – was 16.25 tons spread over 53 Starlink V1.5 satellites, which doesn’t entirely add up unless SpaceX added several kilograms to the mass of each satellite between March and August 2022.
Assuming that both numbers are comparable, a roughly 3% improvement is far from an earth-shaking or surprising step forward for SpaceX, a company, renowned for relentless iterative improvement. What is impressive, however, is that SpaceX pushed the envelope while Falcon 9 is both fast approaching its 150th consecutively successful launch and the only rocket currently certified to launch multiple NASA astronauts to the International Space Station. SpaceX’s fifth operational NASA astronaut launch (Crew-5) is scheduled as early as October 3rd. If SpaceX pushing the envelope on Starlink 4-23 had somehow caused the launch to fail, all Falcon 9 rockets would have likely been grounded for months, almost certainly delaying Crew-5 and throwing NASA’s ISS program into chaos.
Given how successful and reliable Falcon 9 already is, it would be hard to blame SpaceX if it decided to freeze the program and avoid additional changes, even if those changes could slightly improve the rocket’s performance. Instead, the company somehow manages to continue upgrading Falcon 9’s performance without obviously impacting its reliability or incurring the wrath of its strictest US government customers. Even Falcon landings, once considered a secondary objective that could be allowed to fail, haven’t suffered. Starlink 4-23 marked SpaceX’s 64th consecutively successful booster landing.
Up next, SpaceX is scheduled to launch Starlink 3-4 no earlier than (NET) August 31st, Starlink 4-20 NET September 4th, and Starlink 4-2 NET September 7th.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.
Elon Musk
SpaceX showcases exactly how it plans to catch Starship next month
SpaceX played a new Starship Flight 15 simulation showing the ship caught by tower chopsticks.
SpaceX gave its clearest look yet at how it plans to catch a Starship upper stage, playing a roughly 80 second animation of the maneuver during its third quarter earnings webcast on Tuesday. The clip ran under an “Up Next: Ship Catch” banner moments after Elon Musk confirmed that Flight 15, expected next month, will try to catch both the Super Heavy booster and the ship with the launch tower.
The animation opens at ground level, looking up through the launch mount at a tower with its chopstick arms spread wide. It then cuts to the ship gliding back through the atmosphere in its horizontal belly flop position, with its forward and aft flaps steering the descent. A wide shot from the Starbase shoreline follows, where the ship is a small dot in the sky before it swings vertical and drops toward the launch towers. The final shots show the ship sliding down past the top of the tower, a close view of the hardware along its side meeting the arms, and the vehicle hanging in the chopsticks.
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u — Truthful🛰️ (@Truthful_ast) October 20, 2026
Musk called the catch the step that closes Starship’s reuse loop. “If we succeed, it will be the first time that an orbital launch vehicle has been fully recovered,” he said. He put the odds of success on the first attempt at “more likely than not,” and said SpaceX has “a steady stream of Starship flight attempts through the end of this year” if Flight 15 falls short.
The sequence mirrors work SpaceX has already done with real hardware. In September, Ship 42, the vehicle assigned to Flight 15, was lifted by the Pad 2 chopsticks into a simulated catch position, where crews cycled the arms and connected the ship quick disconnect arm while it hung from the tower. NASASpaceflight has since reported that SpaceX removed Ship 42’s engines before its static fire and sent it back for another cryogenic test.
Gwynne Shotwell covered the regulatory side on the same call. After what she called “significant constructive engagement with the FAA,” SpaceX expects the Flight 15 license “to include return to launch site and tower catch for both stages.” Bringing the ship home means reentering toward land instead of the open ocean, which Musk said in February would only happen once the chance of the ship breaking up over land was very low, after two perfect soft landings at sea.
SpaceX has caught Super Heavy with the tower three times, on Flights 5, 7 and 8, but the ship returns from orbit at far higher speed and has never been caught. Flight 14 on September 28 was the first Starship to reach orbit, and it deployed 26 Starlink V3 satellites before splashing down, a mission SpaceX counted as its first revenue flight in the Q3 results it reported Tuesday.
The timing lines up with what Musk told the crowd at Giga Texas earlier this month, when he said Flight 15 would probably launch a little before Thanksgiving and that Flight 16 could refly both stages. On Tuesday’s call he went further, saying Starship should fly weekly at some point in the first half of 2027 and twice weekly or more by the end of next year as SpaceX works toward landing a rocket and launching it again with no refurbishment.
SpaceX confirms Starship 15 launch window with massive ambitions
SpaceX stock gets a slew of price target boosts after bullish earnings call
SpaceX showcases exactly how it plans to catch Starship next month
SpaceX reveals how its 1 Million AI satellite network will work and prevent space collisions
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
