Connect with us

News

SpaceX’s massive Falcon Heavy rocket aims for December 29 inaugural launch

Published

9 years ago

on

Based on information released by NASASpaceflight.com, a highly reliable source of insider details, SpaceX’s first Falcon Heavy rocket could roll out to the LC-39A launch pad before the end of November, less than a month away. While the first roll-out (or two) will be dedicated solely to “Wet Dress Rehearsals” (WDR), this will be the first time the iconic vehicle makes it to the pad, and will be a historic event regardless of what follows.

No earlier than (NET) “late-November”, the first WDR will see Falcon Heavy go through the usual motions of propellant loading while also conducting an array of systems checks and validations to verify that things are proceeding as expected. This first test will not culminate in any sort of hot-fire, and is more intended to verify that the massive rocket is playing well with the modifications made to the launch pad and the Transporter/Erector/Launcher (TEL) that carries it from the integration facilities to the pad. If major issues come up, they will be dealt with and followed by a second identical WDR. If there are no issues with the first WDR, the second rehearsal could smoothly morph into the first static fire of the integrated vehicle.

As Chris Gebhardt of NSF discusses in some detail, the first Falcon Heavy static fire(s) conducted at LC-39A will be of groundbreaking importance, as SpaceX is currently unable to test fully-integrated Falcon Heavy vehicles at its McGregor, Texas facilities due to the rocket’s sheer power. A lot, thus, rests on these first static fires, currently scheduled to begin around December 15th.

Falcon Heavy and Dragon 2 could one day enable circumlunar space tourism. (SpaceX)

Given the distinctly experimental nature of Falcon Heavy’s inaugural launch, specific dates are best taken as general placemarkers, and the actual dates of the first flow depend entirely upon the tests that precede each subsequent step. Nevertheless, the dates provided by NASASpaceflight point to Falcon Heavy’s first static fire on December 15th, followed two weeks later by a tentative launch date of December 29th.

Staying focused on Mars: Is Falcon Heavy necessary?

Even an uncertain launch date of that specificity is still a historic event for Falcon Heavy, long lampooned and straw-manned as an example of SpaceX’s silly pie-in-the-sky claims and Elon Musk’s oversimplification of complex engineering tasks. There is a grain of truth to such contentions, but they tend to miss the point by huge margins. The actual market for mid-level heavy-lift launch vehicles like Falcon Heavy is quite simply too small to be a major motivator for a commercial launch company like SpaceX. One must remember that SpaceX was not founded to be a run-of-the-mill launch provider. The company’s goal, as has been reiterated ad infinitum, is “enabling human life on Mars”, something that has explicitly prefaced every single job posting on the company’s website for more than half a decade.

For a time, it appeared that Falcon Heavy might eventually be used to enable SpaceX’s Red Dragon program, intended to field-test the technologies needed for month-long cruises in deep space and landing large payloads on Mars. However, the program was cancelled earlier this year, in favor of what Musk called “vastly bigger ships”. Indeed, updated Mars plans unveiled on September 29th showed that SpaceX was forging ahead with an updated BFR and BFS, and hopes to fly its first missions to Mars in 2022.

SpaceX’s massive BFR, intended to create and support a human colony on Mars, is visualized taking to the sky. Experience from operating Falcon Heavy will likely benefit BFR once it eventually begins hot-fire testing. (SpaceX)

Falcon Heavy will admittedly become the most powerful operational launch vehicle when it first lifts off in approximately two months, and it will likely retain that title well into 2020, when NASA’s Space Launch System may conduct its first launch. However, regardless of the impressive technological accomplishments it will embody, Falcon Heavy simply is not powerful or affordable enough to ever realistically enable a sustained human presence on Mars. SpaceX does have a small number of customers actively waiting with payloads for Falcon Heavy – its second mission is currently penciled in for June 2018 – and it is reasonable to assume that some or all of those missions will be completed simply out of due diligence. SpaceX may also be motivated to continue the Falcon Heavy program as a possible entrant in a recently-announced USAF competition meant to partially fund the development of multiple US-built heavy-lift launch vehicles.

More simply still, experience derived from igniting and simultaneously operating Falcon Heavy’s 27 Merlin 1D rocket engines will to some extent benefit BFR’s development and operations, as the conceptual vehicle is currently expected to host 31 Raptor engines on its first stage.

Advertisement
-

Whether Falcon Heavy is to remain a development or production priority for SpaceX after its first several launches is unclear, but the vehicle’s inaugural launch and all subsequent launches are bound to be spectacles to behold. The company’s second Florida-based launch pad, intended to support two simultaneous landings of Falcon Heavy’s side boosters, appears to be nearly complete. At LC-39A, the facility’s TEL already sports major visible modifications necessary for it to operate with Falcon Heavy. All three of the first Heavy’s first stage cores have already completed hot-fire testings in Texas and are now located at Cape Canaveral, awaiting their first integrated tests later this month. Delays to the December 29th launch date are probable, but the various components needed for Falcon Heavy’s first launch have truly come together, and the vehicle’s launch is now simply a matter of “when”. Place your bets!

Related Topics:

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

Advertisement
Comments

Elon Musk

Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for

Tesla and SpaceX formed special committees to weigh a merger, and Elon Musk supports it.

Published

2 hours ago

on

October 20, 2026

By

Elon Musk confirmed Tuesday that Tesla and SpaceX have each formed special committees of independent directors to study a possible merger, the first formal step toward combining the two companies after months of speculation.

Musk made the disclosure during SpaceX’s third quarter earnings call. “Both SpaceX and Tesla have formed special committees to discuss this idea at the request of shareholders,” he said. “Because I’m a conflicted party, I can’t actually be in the discussions of the special committees.” He described the setup as “an odd kabuki dance where two groups of people are talking and I can’t be in the conversation.”

Musk did not hide where he stands. “Do I think it would be a good idea? Yes,” he said, pointing to shared work on super intelligence software, chip design, the Terafab facility in Austin, robotics, mass to orbit and connectivity. “I do think there’s a lot of merit to combining the companies as we are pretty much in the super intelligence singularity.”

He also tried to cool expectations. The committees have not agreed on terms for any transaction, and Musk said assuming a merger is a certainty “would be overstating it.” Any deal would go to shareholders, and on the Tesla side it would need approval from 50 percent of all outstanding shares, not just the shares that are voted. Musk called that “quite a high hurdle.”

That bar has tripped Tesla up before. The company’s 2025 attempt to declassify its board won support from only 39.4 percent of outstanding shares and failed. Musk’s own voting stake sits near 20 percent after he exercised his 2018 options in June, so a deal would need broad backing from institutions and a retail base that often leaves votes uncast.

Timing is another open question. Tesla filed its proxy statement Monday for its December 3 annual meeting, and the ballot has only three items: director elections for Musk, Robyn Denholm and JB Straubel, a say on pay vote and auditor ratification. Barclays analyst Dan Levy had argued that an announcement would need to land by late October or early November to make the annual meeting, as Teslarati noted in its SpaceX earnings preview. With no terms agreed, any vote would likely require its own special meeting.

Advertisement
-

Elon Musk gives his most telling Tesla-SpaceX merger conversation yet

Musk has been edging toward this for weeks. At the All-In Summit in September, he asked “who can imagine what action one might take when there’s so much close collaboration,” Teslarati reported. Last week’s Roadster unveil, built around SpaceX derived cold gas thrusters, pushed the talk further. The two companies already share the Terafab chip project, and Tesla holds a small SpaceX stake that came from its earlier investment in xAI.

SpaceX brought strong numbers to the conversation. It reported Q3 revenue of $14.58 billion, up 161 percent year over year, with its Super Intelligence segment now its largest at $7.56 billion. A higher SpaceX valuation would shape any exchange ratio Tesla holders are offered.

Tesla reports its own third quarter results after the close on Wednesday, October 21. Investors had already ranked merger timing among the top retail questions for SpaceX’s call, and the committees will almost certainly come up again on Tesla’s.

Continue Reading

Investor's Corner

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

Published

5 hours ago

on

October 20, 2026

By

Credit: SpaceX

SpaceX reported its third-quarter 2026 financial results on October 20, posting the company’s first solidly profitable quarter since going public earlier in the year under the ticker $SPCX.

Revenue reached $14.58 billion, up 161 percent year-over-year from $5.6 billion, and well ahead of consensus estimates in the $12.7 to $12.9 billion range. The results highlight a rapid shift in SpaceX’s center of gravity toward artificial intelligence/super intelligence, while Starlink and traditional space operations continue to show robust progress.

Here are the key financial results for the quarter:

  • Revenue of $14.58 billion (+161% YoY)
  • Adjusted EBITDA of $8.8 billion (+306% YoY)
  • GAAP net income of $4.4 billion (versus a $1.1 billion net loss in the prior-year quarter)
  • Adjusted EPS of approximately $0.35 (versus roughly $0.13–0.16 expected)
  • Income from operations of $2.8 billion

The AI/SI segment generated $7.56 billion in revenue, an 830 percent year-over-year increase, making it the company’s largest segment for the first time. Growth was primarily driven by the activation of major cloud services agreements, the integration of Cursor (acquired earlier in 2026), and rising usage of Grok models and the newly introduced Grok Bot personal agent.

SI adjusted EBITDA reached $5 billion, and nameplate compute capacity stood at 1.7 GW at quarter-end, up from 1.4 GW in June and 0.6 GW a year earlier. Capital expenditures totaled $19.6 billion, with the majority allocated to AI infrastructure, including continued expansion of the Colossus facilities.

Advertisement
-

The Connectivity segment, which primarily surrounds Starlink, produced $5.25 billion in revenue, a 69 percent year-over-year and 22 percent sequentially. These are pleasant results to see and expected, considering how many airlines have adopted Starlink over the past year.

Starlink consumer subscribers reached 13.6 million, an 89 percent increase from the prior year, and a sequential gain of 1.6 million. Consumer average revenue per user improved to $69. Meanwhile, Enterprise and Government revenue also grew strongly, and Starlink is now installed on more than 3,800 aircraft, making internet more accessible and better performing than previous options.

The Space segment also performed well and contributed $1.77 billion in revenue, up 6 percent year-over-year and 84 percent sequentially. A major milestone was the successful first revenue-generating Starship mission (Flight 14), which deployed 26 V3 Starlink satellites. Those satellites added roughly 10 times the downlink capacity of a typical Falcon 9 Starlink launch.

SpaceX completed 12 customer launches during the quarter, including NASA’s Nancy Grace Roman Space Telescope mission, and continued to grow its backlog of crewed, national security, and commercial flights.

CFO commentary noted that the combination of launch leadership, recurring Starlink revenue, and rapid SI expansion is producing meaningful operating leverage.

The company ended the quarter with roughly $90 billion in cash and marketable securities, providing substantial resources for ongoing investment while targeting an investment-grade balance sheet. Sequential revenue nearly doubled from the $7.81 billion reported in the second quarter, illustrating the pace of the AI-driven acceleration. Things are looking strong for SpaceX.

Advertisement
-

What’s incredibly striking is the fact that SI has grown to be larger than the rest of the company in such a short amount of time. CEO Elon Musk said on the earnings call that Grok Bot is the “fastest-growing product I’ve ever seen,” so it seems that it could be a true keystone of SpaceXSI over the next few years.

Continue Reading

Investor's Corner

SpaceX reports its second earnings today: here’s what to expect

Published

8 hours ago

on

October 20, 2026

By

Credit: SpaceX

SpaceX (NASDAQ: SPCX) will report its second public earnings call today since its IPO earlier this year, and there are a few things we expect to hear about, as well as Wall Street analysts, who have already outlined their expectations for the call.

Wall Street analysts have a consensus of $12.72 billion in revenue and an earnings per share (EPS) of $0.13. These are broken down into three sectors: Space, Connectivity, and AI/SI, which are perceived in this way:

  • Space: $1.41 billion
  • Connectivity: $4.84 billion
  • AI/SI: $6.47 billion

Other outlets cluster near $12.8 or $12.9 billion in revenue and $0.14 – $0.15 EPS. This implies a roughly 65 percent sequential growth from Q2’s $7.81 billion, driven mostly by AI/SI, with the first post-IPO positive EPS expected.

SpaceX just launched its secret Starfall saucer again

Here are the three things to watch for on the call:

AI Revenue Ramp and the $100B+ ARR target

AI is truly the swing factor for SpaceX, and analysts expect it to roughly double from Q2’s $2.56 billion and become about half of total revenue. Management previously guided to a $100 billion+ annualized run rate by December, including the Cursor acquisition, which was $60 billion, to close the quarter.

SpaceX makes first acquisition post-IPO

Advertisement
-

Listen for updates on SpaceX’s compute capacity, especially pertaining to its contracts with Google, Anthropic, and others, revenue per watt, any new deals, and Cursor’s early contribution.

Starlink/Connectivity Metrics and Mobile Expansion

Connectivity remains a main profit engine for SpaceX. Subscriber additions will be something to pay attention to, as Q2 ended at 12 million and previews are looking at 14 million for this quarter. Additionally, ARPU trends, enterprise and government growth, and any commentary on Starlink Mobile will be something to pay attention to, especially following the recent low-band spectrum deal and FCC-related constellation approvals.

Capex Trajectory, Cash Burn/FCF, and Starship/Operational Updates

Q2 capex of roughly $18.4 billion weighed on the stock. Investors will look to scrutinize Q3 spending levels, any guidance on the pace into Q4/2027, free cash flow, backlog, and liquidity. Operational color on Starship (Flight 14 milestones and Flight 15 timing/reusability progress), Falcon cadence, and government/NASA contracts are also in focus.

Of course, there will also be some speculation on the potential Tesla-SpaceX merger, but there was nothing mentioned in the company’s proxy it sent earlier this week.

SpaceX will report earnings after market close today and will stream the call on X.

Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here

Continue Reading