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SpaceX Falcon 9 rocket shown off in unprecedented detail ahead of next US Air Force launch
The United States Air Force (USAF) has published a number of spectacular photos shared by SpaceX, revealing some unprecedentedly detailed views of a Falcon 9 rocket in various stages of manufacturing.
Likely taken in and around SpaceX’s massive Hawthorne, California rocket factory and headquarters and McGregor, Texas test facilities in recent weeks, these new photos show the work being done behind the scenes to prepare a brand new Falcon 9 rocket for SpaceX’s next US Air Force launch. Over the last few years, the extremely competitive Falcon 9 rocket has secured SpaceX up to five launch contracts for the USAF’s next-generation GPS III satellite constellation.
Made up of three explicit contracts and two contract options to be exercised (or discarded) later on, SpaceX completed the first of those contracts in December 2018, successfully launching GPS III SV01 – the first of 32 planned satellites. As evidenced by the name, GPS III is the latest iteration of US Global Positioning System satellites and should offer better security, a greater resistance to jamming and interference, and improved navigational accuracy. Unfortunately, it could be several years to half a decade or more before civilian users begin to see the benefits from GPS III, but chances are good that SpaceX will come to launch a vast majority of the upgraded satellites.
According to the post that accompanied the photos published by the Space and Missile Systems Center (SMC), SpaceX’s second USAF GPS III mission – this time carrying Space Vehicle 03 (SV03) – is scheduled to launch no earlier than (NET) the end of Q1 2020. Preparations are reportedly well underway for the critical launch: SMC says that SpaceX has already delivered the mission’s new Falcon 9 Block 5 booster from its Hawthorne factory to McGregor, Texas, where technicians are now preparing the reusable rocket for a routine static fire test before shipping it east to Florida.
Additionally, the GPS III SV03 mission’s Falcon 9 payload fairing is apparently already at SpaceX’s Cape Canaveral Air Force Station facilities, likely waiting for Air Force to ship the large satellite to Florida. If identical to SpaceX’s first GPS III launch, the GPS III SV03 spacecraft will weigh approximately 3800 kg (8400 lb) and will be launched to an elliptical orbit measuring some 1000 km by 20,200 km (620 mi x 12,500 mi).
Astute observers will notice that both the GPS III satellite mass and the orbit it’s heading to are significantly lower than an array of prior missions that have launched heavier satellites much higher and still recovered the Falcon 9 booster along the way. SpaceX’s first GPS III launch was particularly exceptional because it marked the first and only time that a new Falcon 9 Block 5 rocket was intentionally expended without any attempt to land the booster.
In fact, Falcon 9 booster B1054 didn’t even have a semblance of landing legs or grid fins installed, a testament to the certainty of its premature demise. Thankfully, whatever the dubiously technical reasons that led to B1054’s demise, it appears that SpaceX may actually be allowed to recover the Falcon 9 booster (likely B1060 or B1061) assigned to launch GPS III SV03. Although nothing has actually been said along those lines, the Falcon 9 booster pictured in the middle photo below – implied to be the Air Force’s next GPS launch vehicle – clearly has some of the basic hardware needed for landing legs.
As such, there is at least a small excuse to preserve hope that SpaceX’s next Falcon 9 GPS III launch will feature a booster landing, thus preventing a premature and extremely wasteful demise after just a single launch. Even if the US Air Force never actually qualifies flight-proven commercial rockets to launch its payloads, the recovered booster should be able to support anywhere from several to 90+ additional launches before SpaceX actually needs to retire or expend the booster.
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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
