SpaceX
SpaceX’s Falcon Heavy center core goes overboard, Elon Musk still hopeful
SpaceX has confirmed that bad weather and an unfortunate lack of hardware has caused the second-ever Falcon Heavy center core to slide off the deck of drone ship
Despite the fact that all three Falcon Heavy Block 5 boosters did successfully land after the rocket’s commercial launch debut, the accidental post-landing loss of center core B1055 takes a bit of the wind out of the sails of the whole recovery endeavor. Preventable hardware destruction aside, this should not detract from the critical fact that side boosters B1052 and B1053 are safe and sound at SpaceX’s Cape Canaveral Landing Zone (LZ), and should still be able to support Falcon Heavy Flight 3 without delay. This anomaly also serves as a bit of an abrupt reminder of just how hard the safe landing and recovery of giant, orbital-class rocket boosters really are.
According to Musk, the loss of Falcon Heavy B1055 was caused by a combination of bad weather and the surprising fact that SpaceX’s robotic rocket grabber had yet to be modified to support Falcon Heavy center cores.
Musk suggested that the Falcon Heavy booster’s Merlin 1D engines could potentially be recovered and reused “pending inspection”, indicating that B1055 may still be partially sitting on OCISLY’s deck. A similar event happened during the 2016 launch of Eutelsat 117 West
The sad loss of another Falcon Heavy center booster has once again preventing SpaceX recovery engineers from being able to fully analyze the unique rocket’s custom side booster attachment and separation hardware. Still, the fact that major sections (including the entire octaweb) may be recoverable means that B1055 will at least be able to produce more valuable data than center core #1, which smashed into the Atlantic at ~300 mph after its 2018 debut.
A step further, the US Air Force recently indicated that Falcon Heavy Flight 3 – carrying its Space Test Program 2 (STP-2) rideshare mission – would reuse both of this launch’s side boosters but feature a brand new center core. This was announced well before B1055’s anomaly, indicating that SpaceX and the USAF had planned for some time to use new center cores on Falcon Heavy Flights 2 and 3. This means that B1055’s untimely demise should have little to no impact on SpaceX’s launch manifest, including the imminent STP-2 mission.
Falcon Heavy Flight 3 is currently scheduled to launch the USAF STP-2 mission no earlier than late June – a major customer with satellites aboard has suggested NET June 22. Of course, SpaceX has only had a handful of days with its recovered Block 5 side boosters, the refurbishment of which will now be the critical path for the next launch. If B1052 and B1053 are in exceptionally good shape, a distinct possibility thanks to their relatively gentle return-to-launch-site (RTLS) recoveries, then that late June date may very well hold.
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Investor's Corner
NASA taps SpaceX to launch the telescope that could unlock new worlds
NASA’s Roman Space Telescope heads to orbit this August aboard SpaceX’s Falcon Heavy with massive scientific ambitions.
SpaceX is set to play a central role in one of NASA’s most anticipated science missions in years. The company’s Falcon Heavy rocket, currently the most powerful operational launch vehicle in the world, will carry the Nancy Grace Roman Space Telescope into orbit on August 30 from Kennedy Space Center in Florida. Roman is now in final preparations inside the Payload Hazardous Servicing Facility, where on June 26 technicians used a crane to lift the observatory into a specialized stand for fueling and pre-launch testing.
Roman is named after Nancy Grace Roman, NASA’s first chief of astronomy, whose career helped shape how the agency approaches space science.
NASA chose SpaceX Falcon Heavy because of Roman’s needs to reach a specific orbit far from Earth, well beyond where a standard Falcon 9 can deliver it. The Falcon Heavy, which first flew in 2018, has since become NASA’s go-to option for missions that need serious muscle without the cost and complexity of older launch systems.
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Roman will carry a field of view at least 100 times wider than the Hubble Space Telescope, meaning it can photograph enormous swaths of the universe in a single shot rather than the narrow slices Hubble captures. That difference in scale is significant. While Hubble reshaped our understanding of the cosmos over 30 years, Roman is built to work faster and wider, surveying hundreds of millions of galaxies at once.
One of Roman’s most compelling capabilities is its potential to discover and photograph planets orbiting stars outside our solar system, and with enough precision to directly image planets that would otherwise be lost. That means scientists could study the atmosphere and surface characteristics of distant worlds rather than simply confirming they exist. Combined with Roman’s sweeping field of view, the telescope could detect thousands of exoplanets, and some of those planets may be in habitable zones where liquid water could exist. No telescope currently in operation has this level of power and capability. That capability alone could change what we know about other worlds, and perhaps finally answer the question: are we the only intelligent lifeforms in existence?
What Roman actually finds once it reaches orbit is an open question, and that is exactly what makes this launch worth watching.
Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
NASA taps SpaceX to launch the telescope that could unlock new worlds
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