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SpaceX launches two Falcon 9 rockets in seven hours
Two SpaceX Falcon 9 rockets have successfully launched a Crew Dragon carrying four astronauts and a new batch of Starlink internet satellites a little over 7 hours apart, nearly halving the company’s previous record.
A Falcon 9 rocket on the East Coast kicked things off with a launch out of NASA’s Kennedy Space Center (KSC) LC-39A pad – leased by SpaceX since 2014 – at noon EDT (16:00 UTC). A rare new Falcon 9 booster lifted an expendable upper stage and flight-proven Crew Dragon capsule – carrying four professional astronauts – most of the way free from Earth’s atmosphere before heading back to Earth and landing without issue on a SpaceX drone ship. The upper stage continued to low Earth orbit and deployed Dragon, kicking off a 29-hour journey to the International Space Station (ISS).
Seven hours and ten minutes later, a second Falcon 9 rocket lifted off from SpaceX’s Vandenberg Space Force Base (VSFB) SLC-4E pad, bursting through a thick layer of coastal fog. Following a successful launch and landing of booster B1071 and two good burns of the rocket’s upper stage, Falcon 9 deployed another 52 Starlink V1.5 satellites, adding to the more than 3000 working satellites already in orbit.
And SpaceX isn’t done. As early as 7:07 pm EDT (23:07 UTC) on October 6th, less than 24 hours after Starlink 4-29, a third Falcon 9 rocket is scheduled to launch from SpaceX’s Cape Canaveral Space Force Station (CCSFS) LC-40 pad. Rounding out the trio, the mission will carry Intelsat’s Galaxy 33 and Galaxy 34 communications satellites into a geostationary transfer orbit (GTO).
The mission will be Falcon 9 booster B1060’s 14th launch, significantly raising the bar for the commercial acceptance of reused SpaceX rockets. Prior to Galaxy 33/34, SpaceX’s commercial reuse record was held by Transporter-3, which was Falcon 9 B1058’s tenth launch.
The completion of two Falcon 9 launches in a little over 7 hours nearly halves SpaceX’s previous record of 14 hours and 8 minutes, set by a pair of launches in June 2022. It also demonstrates that the company can repeatedly prepare for and complete multiple Falcon 9 launches in very close proximity – more or less a necessity if it wants to hit CEO Elon Musk’s unprecedented target of “up to 100 launches” in 2023.
It isn’t a record for all of spaceflight, however. That likely falls to the Soviet R-7 family of rockets, 2 of which launched just 25 minutes apart in 1969. However, 3 Falcon 9 launches in 31 hours (Crew-5, Starlink 4-29, and Galaxy 33/34) is likely a record for all rockets. Parsing astrophysicist Jonathan McDowell’s extensive records, the R-7 family likely held the record for decades after completing 3 launches in 40 hours in 1978.
But, as it turns out, SpaceX already beat that record when it launched 3 Falcon 9 rockets in 36 hours in June 2022. 3 Falcon 9 launches in 31 hours thus breaks SpaceX’s record and the world record. That’s become an increasingly common occurrence for a company that has beaten its competitors so thoroughly that, by many measures, it has become peerless. Now, only the records of the former Soviet Union and a retired NASA rocket can outmatch SpaceX, a single 20-year-old company.
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In less than three years, SpaceX has launched 30 astronauts: more than twice as many as China but a tiny fraction of the 852 people NASA’s Space Shuttle launched over its 30-year career. SpaceX’s Falcon family of rockets is the most reliable in history after 154 consecutive successes in less than six years, and Falcon boosters have completed more successful landings (145) than Space Shuttle orbiters. But its Dragon spacecraft will likely never best the Soviet and Russian Soyuz capsule and its variants, and Falcon will almost certainly be retired before it can come close to the R-7 rocket family’s extraordinary record of 1844 launches over 65 years.
But in the modern era, SpaceX is simply unmatched.
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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.
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
