SpaceX
SpaceX Falcon Heavy completes successful rehearsal, static fire pushed back due to bug in launch pad hardware
More than a decade after its 2005 public conception, SpaceX is closer than ever to the first launch Falcon Heavy, the company’s newest rocket. Earlier this afternoon, the vehicle was aiming for its first static fire test, in which all 27 of its engines would be ignited (nearly) simultaneously in order to test procedures and the rocket itself. This attempt was sadly scrubbed, but only after the vehicle apparently completed a successful wet dress rehearsal, which saw Falcon Heavy fully loaded with propellant. According to Orlando’s News 13, the attempt was scrubbed only after one of eight hold-down clamps showed signs of bugs.
Falcon Heavy vertical at Pad 39A on Thursday, January 11. After a successful rehearsal, the static fire was scrubbed due to a small hardware bug. (Tom Cross/Teslarati)
Falcon Heavy vertical at Pad 39A on Thursday, January 11. After a successful rehearsal, the static fire was scrubbed due to a small hardware bug. (Tom Cross/Teslarati)
While Falcon Heavy is not explicitly critical for SpaceX’s near-term launch business and its loftier future goals, the development and operation of such a massive launch vehicle will likely serve as a strong foundation as the company transitions more aggressively into the design, engineering, and manufacture of its still-larger BFR series of rocket boosters and upper stages. Falcon Heavy stands approximately as tall as Falcon 9 at around 70 m (230 ft), but features three times the thrust and a little less than three times the weight of SpaceX’s workhorse rocket. With 27 Merlin 1D engines to Falcon 9’s namesake nine, Falcon Heavy’s 22,800 kN (5,000,000 lbf) of thrust is a nearly inconceivably amount of power, equivalent to twenty Airbus A380 passenger jets at full throttle.
Why is Falcon Heavy important?
If SpaceX manages to pull off Falcon Heavy as a successful and reliable launch vehicle on the order of its reasonably successful Falcon 9, BFR may well be an easier vehicle to develop and operate, thanks to its single-core design. As Musk himself has discussed over the last year or so, the problem of safely and reliably distributing the thrust of Heavy’s side cores to the center core was unexpectedly difficult, as were the issues of igniting all 27 Merlin 1Ds and safely separating the side cores while in flight. Ultimately, the payload improvement (while in a fully reusable mode of operation) was quite small, particularly for the geostationary missions that make up essentially all prospective Falcon Heavy customer missions.
The additional complexity of recovery and refurbishing three separate Falcon 9 boosters almost simultaneously likely serves to only worsen the vehicle’s potential payoff, although the upcoming Block 5 iteration of Falcon 9 may partially improve the vehicle’s ease of operation. If Block 5 is indeed as reusable as SpaceX intends to make it, then a handful of Block 5 Falcon Heavy vehicles could presumably maintain a decent launch cadence for the vehicle without requiring costly and time-consuming shipping all over the continental US.
A closeup of Falcon Heavy’s three first stages, all featuring grid fins. The white bars in the center help to both distribute stress loads and separate the side cores from the center booster after launch. (SpaceX)
Nevertheless, the (hopefully successful) experience that will follow the launch and recovery operation of a super heavy-lift launch vehicle (SHLV) with ~30 first stage engines will be invaluable for SpaceX’s interplanetary goals. While BFR will be free of the complexity Falcon Heavy’s triple-core first stage added, it is still a massive vehicle that absolutely dwarfs anything SpaceX has attempted before. BFR in its 2017 iteration would mass around three times that of Falcon Heavy and feature 30 Raptor engines capable of approximately 53,000 kN (12,000,000 lbf) of thrust at liftoff, around 2.5x that of Heavy. Many, many other features mean that BFR and particularly BFS will be extraordinarily difficult to realize: BFS alone will be treading into truly unprecedented areas of spaceflight with the scale, longevity, and reusability it is intended to achieve while comfortably ferrying dozens of astronauts to and from Mars and the Moon.
However, the scale of BFR is equivalent to that of the famous Saturn V rocket that took astronauts to the Moon in the 1960s and 70s. In other words, while still dumbfoundingly massive and unprecedented in the modern era, rockets at the scale of BFR do in fact have a precedent of success, which lends the effort considerable plausibility, at least at proof-of-concept level. As of September 2017, Elon Musk suggested that SpaceX was aiming to begin construction of the first BFS (Big ____ Spaceship) by the end of Q2 2018, a truly Muskian deadline that probably wont hold. Still, if construction of the first prototype begins at any point in 2018, it will bode well for SpaceX’s aggressive timelines.
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- Falcon Heavy’s three boosters and 27 Merlin 1D engines on full display. (SpaceX)
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- BFR shown to scale with Falcon 1, 9, and Heavy. (SpaceX)
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- .While SpaceX’s own visualizations are gorgeous and thrilling in their own rights, Romax’s interpretation adds an unparalleled level of shock and awe. (SpaceX)
In the meantime, BFR’s precursor Falcon Heavy has effectively completed its first wet dress rehearsal, although the static fire attempt was scrubbed for the day. This is understandable for such a complex and untested vehicle, especially after SpaceX’s exceptionally quick modifications to Pad 39A. While unofficial, word is that an issue with one of the Transport/Erector/Launcher’s (TEL) eight separate launch clamps caused the scrub. Those launch clamps ensure that the massive vehicle would stay put during a static fire, and the status of those clamps would be especially important during such an unusually long static fire of such a powerful rocket.
Stay tuned for updates on SpaceX’s upcoming launches and Falcon Heavy’s next static fire attempt, likely within the next several days. The vehicle’s inaugural launch date is effectively up in the air until the static fire has been successfully completed, but as of yesterday SpaceX was understood to be targeting January 26th. Delays are to be expected.
Follow along live as Teslarati’s launch photographer Tom Cross weathers the delays and covers the static fire attempt live from Cape Canaveral.
SpaceX has exercised its option to acquire Cursor, the innovative AI coding company, in an all-stock transaction valued at $60 billion. The deal, announced on June 16, marks a significant step in SpaceX’s expansion into advanced artificial intelligence, building on months of close collaboration between the companies.
Cursor, officially operated by Anysphere, Inc., is an AI-native code editor and coding agent designed to transform software development. Founded in 2022 by a group of MIT graduates in San Francisco, Cursor builds on the familiar foundation of Visual Studio Code but integrates powerful AI capabilities directly into the core experience.
Unlike traditional code editors or simple extensions, Cursor functions as a full “coding agent” that turns natural-language instructions into actionable code.
SpaceX has exercised the option to acquire @cursor_ai in an all-stock transaction with the goal of building the world’s most useful AI models.
For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.… https://t.co/X5mepgXgjJ
— SpaceX (@SpaceX) June 16, 2026
Developers interact with Cursor through features like its Composer agent, which can search entire codebases, edit multiple files, run terminal commands, debug issues, and complete complex multi-step programming tasks autonomously.
Users describe high-level goals, such as “build a scalable API endpoint with authentication,” and the AI plans, implements, tests, and refines the solution while the human oversees decisions. Additional tools include advanced autocomplete (Tab), context-aware chat, and infrastructure for handling billions of daily requests.
The platform has gained considerable traction, surpassing $3 billion in annual recurring revenue by early 2026 and earning adoption by over half of the Fortune 500 companies. Its agentic approach accelerates development dramatically, allowing engineers to focus on architecture and creativity rather than repetitive coding.
The acquisition integrates Cursor’s leading product, expert team of roughly 300 engineers, and distribution network among top software developers with SpaceX’s unparalleled computational resources. SpaceX’s Colossus supercomputer, equivalent to a million H100 GPUs, has already powered joint training of next-generation models. These models are expected to launch soon within Cursor and SpaceX’s Grok Build environment.
This combination positions SpaceX to develop the world’s most capable AI systems for coding and knowledge work. Access to Cursor’s real-world usage data from millions of professional developers provides unparalleled feedback loops for model improvement. Training on Colossus enables rapid iteration on massive datasets, potentially creating AI that outperforms current leaders in reliability, context handling, and complex reasoning.
For SpaceX, the benefits extend far beyond software tools. Rocket engineering, satellite constellation management, autonomous flight systems, and Starship development involve millions of lines of highly specialized, safety-critical code.
Cursor’s AI agents, supercharged by proprietary models trained on SpaceX’s domain expertise, could slash development timelines, reduce errors, and enable faster innovation cycles. This vertical integration of AI tooling strengthens SpaceX’s competitive edge in both aerospace and the broader AI race, complementing its xAI initiatives.
The deal reflects the exploding value of AI-native developer platforms. By owning Cursor outright, SpaceX secures a strategic talent pool and product pipeline that will accelerate internal projects while potentially offering enhanced tools to the wider engineering community. As AI continues reshaping software creation, this acquisition underscores SpaceX’s commitment to leveraging cutting-edge technology for ambitious goals, from Mars colonization to global connectivity.
SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.
Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.
The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.
Watch Falcon 9 launch 24 @Starlink satellites to orbit from California https://t.co/meDwb05qOE
— SpaceX (@SpaceX) June 15, 2026
This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.
The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.
As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.
SpaceX maintains bold advertising push for Starlink, contrasting Tesla’s minimalistic approach
Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.
SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.
Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.
As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA
This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.
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