SpaceX
SpaceX’s Falcon Heavy eyed by Europe/Japan as ULA nails spectacular Delta Heavy launch
According to RussianSpaceWeb, SpaceX’s Falcon Heavy rocket is under serious consideration for launches of major European and Japanese payloads associated with the Lunar Orbital Platform-Gateway (formerly the Deep Space Gateway).
Currently targeting launch readiness in the mid-2020s, those heavy scientific and exploratory government payloads are eyeing Falcon Heavy at the same time as the United Launch Alliance’s (ULA) Delta IV Heavy – the most powerful operational rocket prior to FH’s debut – is busy wrapping up a scientific launch for NASA and prepping for another launch in September for its singular anchor customer, the National Reconnaissance Office (NRO).
https://twitter.com/_TomCross_/status/1028599075002896384
A breathtaking mission to the sun
United Launch Alliance (ULA) has just completed the ninth successful launch of its Delta IV Heavy rocket, originally developed by Boeing in the 1990s and debuted in 2004 before the company’s launch vehicle subsidiary joined forces with Lockheed Martin’s own rocket branch. Delta Heavy’s August 12th mission saw the rocket send a small NASA payload known as Parker Solar Probe (PSP) on a trajectory that will eventually place the craft closer to the Sun than any human-made object before it. In pursuit of a better understanding of how exactly our solar system’s namesake functions and behaves, PSP will also become the fastest object ever created by humans, traveling at an extraordinary 200 km/s (120 mi/s) at the zenith of its deepest periapses (the point at which PSP is closest to the sun).
In a fitting send-off for the small heat-shielded spacecraft, Delta IV Heavy’s launch was a spectacle to behold, with clear skies and the cover of darkness combining to magnify the best of the rocket’s telltale features. Upon ignition of its three massive RS-68 rocket engines, each producing over 700,000 lb-ft of thrust, the rocket is held down for several seconds in a process that famously culminates in what appears to be self-immolation just before liftoff, a consequence of the rocket burning off excess hydrogen fuel expelled during the ignition process. Unlike Falcon 9’s dirtier kerosene-oxygen combustion, Delta Heavy’s hydrogen and oxygen fuel produce a flame that is nearly transparent, aside from a bright orange tint created by materials in each engine’s ablative (read: designed to disintegrate) nozzle.
- Delta IV Heavy opts for ‘medium-well’ just before launch. (Tom Cross)
- The extraordinary might of Delta IV Heavy’s hydrolox-burning RS-68A engines, producing a combined 2.1 million pounds of thrust at liftoff. (Tom Cross)
- Delta IV Heavy takes to the sky on its tenth launch, with Parker Solar Probe in tow. (Tom Cross)
- Delta IV Heavy takes to the sky on its tenth launch, with Parker Solar Probe in tow. (Tom Cross)
While Delta IV Heavy has used one of its other nine successful launches for a NASA payload (a test flight of the Orion capsule), all seven remaining missions were conducted for the USAF (1) and the National Reconnaissance Office (NRO; 6), and all six remaining missions on the rocket’s manifest also happen to be for the NRO. Put simply, Delta IV Heavy would not exist today if the NRO did not have an explicit and unflappable need for the capabilities it offers. The primary downside is cost: DIVH costs at least $350 million and usually more than $400m per launch. Thankfully for ULA, the NRO has very few problems with money, and the agency’s estimated annual budget of $10 billion (2013) is more than half of NASA’s entire budget.
After Falcon Heavy’s successful debut, Delta IV Heavy’s monopoly over heavyweight NRO and USAF payloads is rapidly coming to an end, and both agencies are almost certainly attempting to equally quickly certify SpaceX’s newest rocket for critical national security space (NSS) launches. With that influx of the slightest hint of competition, Delta IV Heavy’s ~$400 million price tag starts to look rather painful in comparison to Falcon Heavy’s cost ceiling of around $150 million, potentially much less in the event that 1-3 of its boosters are recoverable. That competition likely won’t kill Delta IV Heavy, thanks entirely to the anchor support of the NRO, but it most certainly will guarantee that Delta Heavy is retired the moment ULA’s next-gen Vulcan rocket is ready to take over, likely no earlier than 2024.

Outside of the NRO, however, there is a surprising amount of interest in Falcon Heavy for interesting (and heavy) government payloads, particularly with respect to the NASA/ESA/JAXA/Roscosmos cooperative lunar space station, known as the Lunar Orbital Platform-Gateway.
Falcon Heavy enters the mix
The first payload considering Falcon Heavy for launch services is the Japanese Space Agency’s (JAXA) HTV-X, and upgraded version of a spacecraft the country developed to assist in resupplying the International Space Station (ISS). HTV-X is primarily being designed with an ISS-resupply role still at the forefront, but Russianspaceweb recently reported that JAXA is seriously considering the development of a variant of the robotic spacecraft dedicated to resupplying the Lunar Orbital Platform-Gateway (LOPG; and I truly wish I were joking about both the name and acronym).
- JAXA’s first-generation HTV spacecraft on its fourth of nine planned launches, 2013. (NASA)
- JAXA’s first-generation HTV spacecraft on its fourth of nine planned launches, 2013. (NASA)
- The best available visualization of HTV-X, Japan’s upgraded and more affordable ISS resupply spacecraft. (JAXA)
As the name suggests, LOPG is fundamentally a shrunken, upgraded copy of the present-day International Space Station but with its low Earth orbit swapped for an orbit around the Moon. Why, you might ask? It happens that that question is far less sorted at this point than “how”, and there’s a fairly strong argument to be made that NASA is simply attempting to create a low-hanging-fruit destination for the chronically delayed SLS rocket and Orion spacecraft it routinely spends ~20% of its annual budget on. The alternatives to such a crewed orbital outpost are actually landing on the Moon and building a base or dramatically ramping development of foundations needed to enable the first human missions to Mars.
ARTICLE: Cislunar station gets thumbs up, new name in President's budget request – https://t.co/a1XhAPZ7ot
– By Philip Sloss.
(Numerous renders by Nathan Koga, including the epic one below) pic.twitter.com/j0cr2ze7qG
— NSF – NASASpaceflight.com (@NASASpaceflight) March 16, 2018
Regardless of the LOPG’s existential merits, a lot of energy (and money) is currently being funneled into planning and initial hardware development for the lunar station’s various modular segments. JAXA is currently analyzing ways to resupply LOPG and its crew complement with its HTV-X cargo spacecraft, currently targeting its first annual ISS resupply mission by the end of 2021. While JAXA will use its own domestic H-III rocket to launch HTV-X to the ISS, that rocket simply is not powerful enough to place a minimum of ~10,000 kg (22,000 lb) on a trans-lunar insertion (TLI) trajectory. As such, JAXA is examining SpaceX’s Falcon Heavy as a prime (and affordable) option: by recovering both side boosters on SpaceX’s drone ships and sacrificing the rocket’s center core, a 2/3rds-reusable Falcon Heavy should be able to send as much as 20,000 kg to TLI (lunar orbit), according to comments made by CEO Elon Musk.
- Falcon Heavy booster ice peeling away and vaporizing in the fire of the engines. (Photo: Tom Cross)
- Falcon Heavy’s launch debut from Pad 39A, February 2018. (SpaceX)
- Falcon Heavy’s side boosters seconds away from near-simultaneous landings at Landing Zones 1 and 2. (SpaceX)
That impressive performance would also be needed for another LOPG payload, this time for ESA’s 5-6 ton European System Providing Refueling Infrastructure and Telecommunications (ESPRIT) lunar station module. That component is unlikely to reach launch readiness before 2024, but ESA is already considering Falcon Heavy (over its own Ariane 6 rocket) in order to save some of the module’s propellant. Weighing 6 metric tons at most, Falcon Heavy could most likely launch ESPRIT while still recovering all three of its booster stages.
Regardless of the outcomes of those rather far-off launch contracts, it’s clear that some sort of market exists for Falcon Heavy and even more clear that its injection of competition into the stagnant and cornered heavy-lift launch segment is being globally welcomed with open arms.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.
News
SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla
SpaceX president Gwynne Shotwell quietly followed Tesla on X, and merger watchers noticed right away.
SpaceX President and COO Gwynne Shotwell has started following Tesla’s official account on X, a small change that landed in the middle of a very loud merger conversation. Whole Mars Catalog joked about it on Sunday.
A follow is not an announcement, and neither company has said anything about a deal. What gives the moment weight is the timing. Barclays analyst Dan Levy has told clients that an agreement could come before Tesla’s annual meeting, which must be held by December 6, with SpaceX as the buyer in an all stock deal, as we reported after the Roadster unveiling. Wedbush’s Dan Ives has stuck with a 2027 timeline.
“Shit, I better start following their X account if i’m gonna be helping run the company”
— Whole Mars Catalog (@wholemars) October 18, 2026
Shotwell is the executive most worth watching if the two companies do move closer. When Musk was asked at the All In Summit why Tesla and SpaceX remain separate, Shotwell sat next to him and said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps. The businesses were integrating “faster than I thought,” she said, though “not fully integrated yet.” Her responsibilities have also grown since SpaceX absorbed xAI, and she now oversees operations that include Grok and the company’s AI compute buildout.
The financial links are already there. Tesla’s $2 billion xAI investment turned into a stake of less than one percent in SpaceX, the two share the Terafab chip project in Austin, and Musk exercised his 2018 Tesla options a week after SpaceX began trading, a sequence analysts flagged as giving SpaceX public shares to use in a deal. Musk holds about 20 percent of Tesla and controls 85.1 percent of SpaceX’s voting power, according to our earlier breakdown.
The next test is close at hand. SpaceX reports its second earnings as a public company on Tuesday after the close, and Tesla follows on Wednesday. Musk told analysts in July that “we can’t talk about combining companies and that kind of thing on an earnings call,” so a direct answer is unlikely from either stage. Tesla shareholders can still submit and vote on questions through the Say portal until 4 p.m. EDT on Monday, and the merger is a recurring theme in the queue.
Elon Musk
Tesla Roadster owners to get “Flying Stunt Mode” and looping track access
Musk says Roadster owners can command the unveiling stunts autonomously, with a Texas looping track.
Elon Musk says owners of the new Tesla Roadster will be able to ask the car to perform the stunts Tesla showed at its unveiling, with the car doing the driving itself. Musk made the comment Saturday in a reply on X to tech blogger Robert Scoble, and he added a promise of a looping track at Tesla’s Texas headquarters.
Scoble had argued that the person in the Roadster is not really driving it. In his description, the driver operates a computer that tells another computer what to do, with steering, braking and acceleration all handled by wire. Musk answered, “True. You will be able to ask the Roadster to perform any of the tricks shown autonomously, as it will be sentient. Also, we will have a wild looping track (crazier even than Hot Wheels) at our Texas HQ where you can test out your Roadster.”
@Scobleizer True.
You will be able to ask the Roadster to perform any of the tricks shown autonomously, as it will be sentient.
Also, we will have a wild looping track (crazier even than Hot Wheels) at our Texas HQ where you can test out your Roadster.
— Elon Musk (@elonmusk) October 17, 2026
At the October 15 event outside Waco, the car drove up a curved ramp until it was upside down, flew off on cold gas thrusters, flipped and landed. It also hovered over a Cybercab, Cybertruck, Semi, Model Y and Model 3 while moving. As we noted in our breakdown of the three Roadster configurations, Musk said at the event that the car “literally is just going to puff itself up” to perform the maneuvers whenever an owner wants. Saturday’s reply adds that the car would run them on its own.
Tesla has described some of the hardware that would make that possible. The Roadster uses steer by wire with a yoke, and its cold gas thrusters rely on electric actuators for small adjustments in flight. A fan system under the car creates suction, which Tesla says is strong enough to hold it upside down, a setup we covered in our look at the Roadster’s fan system and thrusters.
Musk did not say when an autonomous stunt feature might arrive, how it would work, or what he means by sentient. He also gave no size, location or opening date for the Texas track. Production is planned for Giga Texas in 2027 or 2028, and Tesla says the car is not approved for public road use. The Rocket version, the one built to fly, is invite only.
The comment follows a week of Musk teasing the event, including his claim that the demo would be a banger, which we covered before the stream. Tesla reports third quarter earnings on October 21, and shareholders can submit and vote on questions through the Say portal until 4 p.m. EDT on October 20, according to our earnings Q&A preview. A question about autonomous Roadster stunts and the Texas track would be a quick way to get specifics from management.









