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SpaceX Falcon 9 rocket completes 50th orbital launch of 2022
SpaceX has successfully launched French satellite communications provider Eutelsat’s Hotbird 13G satellite, chipping away at a jam-packed November manifest and completing Falcon 9’s 50th launch of 2022.
The company’s workhorse rocket lifted off from its Cape Canaveral Space Force Station (CCSFS) LC-40 pad with the 4.5-ton (~9,900 lb) geostationary communications satellite in tow at 1:22 am EDT on November 3rd – 116 minutes later than originally planned to leave more time “to complete pre-flight checkouts.” But Falcon 9 performed flawlessly, growing a record-breaking streak with its 160th consecutively-successful launch.
Flying for the seventh time since it debuted in June 2021 and just 45 days after its sixth flight, Falcon 9 booster B1067 completed a nominal ascent, separation, descent, reentry, and landing. The booster touched down on SpaceX drone ship Just Read The Instructions (JRTI) about nine minutes after liftoff and will be prepared for an eighth launch in the near future – possibly as early as next month. In addition to its well-known booster reuse, SpaceX’s webcast host noted that Falcon 9’s payload fairing – a carbon fiber composite nosecone made up of two separable halves – had halves flying for the fourth and sixth time.
Speaking in 2017, SpaceX CEO Elon Musk once likened each Falcon fairing half to a pallet of $3 million that falls into the ocean after every launch. Around the same time, SpaceX decided to try to recover that pallet of cash, kicking off its fairing recovery and reuse program. Five years later, Falcon fairing reuse – while far less visible and famous than booster reuse – has become extremely reliable. At its current rate of one launch every six days, recovering and reusing fairings likely saves SpaceX tens or even hundreds of millions of dollars annually and limits the need for major manufacturing expansions that would otherwise be necessary.
Even though SpaceX fishes fairing halves out of the ocean before every flight, the company’s cleaning and refurbishment processes have improved to the point that even paying customers have started to accept flight-proven fairings on their launches. Eutelsat’s Hotbird 13G satellite is the first customer payload to use a Falcon fairing half for the sixth time, further raising the bar of acceptance.
About half an hour after liftoff, Falcon 9’s expendable upper stage separated from Hotbird 13G. On October 15th, a different Falcon 9 rocket launched its twin, Hotbird 13F, into a supersynchronous transfer orbit measuring around 400 kilometers (~245 mi) by 56,000 kilometers (~34,800 mi). Launching a satellite to a transfer orbit with an apogee higher than its destination makes reaching a circular orbit at that target altitude (35,800 km, in this case) faster and easier. Having to do less work to raise its orbit will leave Hotbird 13F and 13G with more fuel than they would otherwise have, effectively extending their theoretical lifespans by preserving more propellant for orbit maintenance after it reaches GEO.
Hotbird 13G was SpaceX’s 51st launch of 2022 and 59th launch in 365 days. If SpaceX sustains the average pace it has set in the last ten months through the last two months of 2022, it could end the year having launched more than 60 times. The mission was also Falcon 9’s 50th launch of 2022, solidifying its spot as the most-launched rocket in a calendar year. The record for the most successful launches (61) of the same rocket family in one year, however, was set by the Soviet Union and has stood for more than four decades.
SpaceX has at least five more Falcon 9 launches tentatively scheduled this month. Intelsat Galaxy 31 & 32 satellites are up next and could launch from the same pad as Hotbird 13G as early as November 8th, followed by Eutelsat 10B in mid-November, and Japanese startup ispace’s first Moon lander no earlier than November 22nd. An uncrewed Dragon spacecraft is set to launch NASA cargo to the the International Space Station (ISS) on November 20th. Finally, while tentative and contingent upon three other launches going smoothly, SpaceX could squeeze in Starlink 4-37 in late November.
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
