SpaceX
SpaceX to launch replacement satellite two years after fateful Falcon 9 failure
On September 1st, 2016, SpaceX’s Falcon 9 rocket suffered a catastrophic anomaly during a static fire test, causing an explosion that completely destroyed the vehicle, the launch pad, and Spacecom’s $200M Amos-6 satellite. This ultimately triggered a months-long investigation into what CEO Elon Musk described as “the most difficult and complex failure [SpaceX has] had in 14 years.”
More than two years and 41 successful consecutive launches later, SpaceX and Israeli satellite operator Spacecom are reportedly aiming to launch Amos-6’s replacement – Amos-17 – as early as the end of May, around three months from now.
Business in Brief: Spacecom says it will launch Amos 17 satellite within four months https://t.co/nkIFd7DzHJ
— Haaretz.com (@haaretzcom) February 25, 2019
Nearly two and a half years distant, the reverberations of SpaceX’s Amos-6 Falcon 9 failure continue to reverberate loudly. Aside from demanding changes to the operational procedures used to launch Falcon 9 and forcing an extensive critical analysis of design, production, and qualification methods, SpaceX has spent countless resources pursuing an extensive redesign of the component pointed at as the primary source of the explosion that destroyed Falcon 9. Known as composite overwrapped pressure vessels (COPVs), SpaceX uses the bottles to store extremely high-pressure helium (5000+ psi, 340+ bar) to pressurize Falcon 9’s RP-1 and oxygen tanks, as well as nitrogen to power its cold-gas maneuvering thrusters.
According to a failure analysis performed by SpaceX with NASA, the USAF, the NTSB, and the FAA, it was concluded that the cause could be traced back to a complex series of events centered around those helium COPVs. Meant to be the first mission to utilize subcooled propellant and oxidizer, the extreme cold in the upper stage LOx tank caused solid oxygen to form on the outside of the COPVs located inside it. While complex, the gist was that liquid (and perhaps solid) oxygen could have formed around the outside of the COPV, potentially finding its way in between the carbon fiber wrappings, creating a buckle in the fibers, and ultimately causing fibers to break. Near the end of this process, those breaking fibers could have created a spark or breached the helium tank, instantaneously overpressurizing the upper stage and causing an explosion.
NASA’s Aerospace Safety Advisory Panel (ASAP) and NASA itself have aired concerns about those COPVs since 2016, triggering an extraordinarily comprehensive program of testing, characterization, and redesign of the COPVs SpaceX uses. They have now successfully flown on 3-4 Falcon 9 launches under the same expedited propellant loading conditions that an identical rocket will undergo in preparation for Crew Dragon launches. CEO Elon Musk spent several minutes discussing the redesigned COPVs in a May 2018 press conference and did not mince words when he described them as “by far the most advanced pressure vessel[s] ever developed by humanity.”
“The amount of testing and research that’s gone into COPV safety is gigantic. This is by far the most advanced pressure vessel ever developed by humanity. It’s nuts. And I’ve personally gone over the test design, I’ve lost count how many times. But the top engineering minds at SpaceX have agonized over this. We’ve tested the living daylights out of it. We’ve been in deep, deep discussions with NASA about this. And I think we’re in a good situation.” – SpaceX CEO Elon Musk, May 2018
NASA and ASAP concerns have since been alleviated, culminating on February 22nd with an official announcement that NASA was ready for SpaceX to conduct the first uncrewed launch of its Crew Dragon spacecraft on March 2nd. It’s thus almost poetic that customer Spacecom chose the same week to announce a target date for the Falcon 9 launch of a satellite built to replace the destroyed Amos-6, known as Amos-17. Soon after the Amos-6 disaster, Spacecom settled on a free SpaceX launch contract for a future satellite instead of an immediate $50M payout. Procured for around $160M, SpaceX is reportedly targeting the launch of the Boeing-built satellite during the week of May 27th, likely from Launch Complex 40 (LC-40) – the same pad that suffered extensive damage during the September 2016 anomaly.
-
- Spacecom’s Boeing-built Amos-17 satellite. (Boeing)
-
- Falcon 9 shows off some of its COPVs in a tour of SpaceX’s Hawthorne factory. (SpaceX)
-
- An impressive view of Crew Dragon (DM-1), Falcon 9 B1051, and its upper stage. (SpaceX)
Since Amos-6, SpaceX’s record of reliability has been effectively spotless and now stands at an impressive 41 consecutive successful launches, including Falcon Heavy’s February 2018 debut. Aside from the sheer volume of launches SpaceX performed in a little over two years, the company has pushed full speed ahead towards its goal of routinely reusing Falcon 9 boosters. Less than 24 months after the first commercial reuse, SpaceX has landed Falcon 9 boosters 34 times and reused them 20 times, numbers that are only likely to grow in 2019.
Set to occur shortly after the planned launch debuts of Crew Dragon and Falcon Heavy (commercially), SpaceX will hopefully be able to place Amos-17 in a healthy orbit and thus effectively retire the Amos-6 saga before the second half of 2019.
Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes!
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk
NASA’s first human outpost on the Moon starts now – SpaceX on deck
NASA named the rovers, landers, and vendors that will build America’s first Moon Base.
NASA has laid out its most detailed Moon Base plan to date, describing a permanent outpost near the Moon’s south pole that the agency intends to build over the coming decade as a direct stepping stone to Mars. “The Moon Base will be America’s and humanity’s first outpost on another celestial world,” NASA Administrator Jared Isaacman said, adding that every mission crewed and uncrewed “will be a learning opportunity as we return to the lunar surface, build the infrastructure to stay, and master the skills required to live and operate in one of the most demanding and dangerous environments imaginable.”
The plan is structured in three phases involving both uncrewed and crewed missions to deliver equipment, vehicles, and infrastructure to the surface, with the first three moon base missions targeted to launch before the end of 2026.
Moon Base I, targeting fall 2026, will use Blue Origin’s Blue Moon Mark 1 lander to deliver scientific instruments to the Shackleton Connecting Ridge, the same region where Artemis astronauts will land. Moon Base II will send Astrobotic’s Griffin lander carrying more than 1,100 pounds of cargo including Astrolab’s FLIP rover to begin developing mobility systems on the surface. Moon Base III will carry the Lunar Vertex science mission on Intuitive Machines’ Nova-C Trinity lander to study lunar swirls near the south pole, with ESA and Korean science payloads aboard.
On the rover side, NASA awarded Astrolab $219 million and Lunar Outpost $220 million to build the first phase of Lunar Terrain Vehicles, with both rovers targeted for deployment to the lunar surface by 2028. Astrolab’s crewed rover weighs roughly 2,000 pounds and can reach over 6 mph. Lunar Outpost’s Pegasus rover can operate autonomously or via remote control at over 9 mph. Blue Origin separately received $188 million with an option worth $280.4 million to deliver cargo landers for rover transport.
NASA also confirmed that MoonFall, a mission deploying four survey drones to scout Artemis landing sites, has selected Firefly Aerospace to build the transport spacecraft, with a 2028 launch target.
SpaceX sits at the center of that commercial layer. SpaceX holds the NASA Human Landing System contract for the Starship-derived lander that will put astronauts on the surface under Artemis IV, currently targeting 2028. Before that can happen, SpaceX must demonstrate in-orbit propellant transfer at scale, a process requiring multiple Starship tanker launches to fuel a single mission. Water ice at the lunar south pole is central to the base’s long-term viability, as it can be converted into drinking water, breathable oxygen, and rocket fuel, directly reducing dependence on Earth resupply. That resource loop becomes far more practical if Starship can land and be refueled on or near the Moon itself.
Elon Musk has publicly stated that Starship V3, which recently completed its first flight, should be capable enough for initial Mars missions. The Moon Base plan announced Tuesday is the infrastructure layer that connects everything between those two ambitions, and SpaceX is the only American company currently contracted to build the rocket that gets humans to either destination.
Tesla Full Self-Driving expansion in Europe continues with new addition
Elon Musk strikes down reports on SpaceX IPO rumors
