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SpaceX Falcon Heavy rocket kicks off fifth mission with most spectacular launch yet
SpaceX’s fifth Falcon Heavy lifted off shortly after sunset on the US Space Force’s USSF-67 mission, producing one of the massive commercial rocket’s most spectacular launches yet.
Powered by three Falcon 9-derived boosters, each with nine Merlin 1D engines, Falcon Heavy fired up and soared off of SpaceX’s Kennedy Space Center LC-39A pad at the start of its Sunday launch window. Producing up to 2326 tons (5.13 million lbf) of thrust shortly after liftoff, Falcon Heavy upheld its position as the world’s most powerful commercial rocket and the second most powerful operational rocket.
USSF-67 largely mirrored SpaceX’s November 1st, 2022 USSF-44 Falcon Heavy launch, and even used the same side boosters. Flying for the second time in 75 days, B1064 and B1065 aced their roles in the mission and separated from Falcon Heavy’s expendable center booster (or core) around three minutes after liftoff. The side boosters immediately flipped around with thrusters powered by compressed nitrogen gas and ignited three of their nine Merlin 1D engines to boost back to the Florida coast. After coasting back to Florida, they completed brief reentry burns to lessen atmospheric heating and fired up one last time to gently touch down at SpaceX’s LZ-1 and LZ-2 landing pads.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Another mysterious military mission
Because Falcon Heavy lifted off after sunset, local skies were dark and the rocket quickly climbed back into daylight, creating spectacular contrast between twilight and the bright rocket exhaust. When Falcon Heavy’s side boosters flipped around and reignited, their high-velocity exhaust plumes slammed into the center core’s opposing plume, producing spectacular interactions and a nebula-like cloud that caught even more of the daylight. Had Falcon Heavy lifted off just a handful of minutes later, a darker sky could have made for an even more incredible ‘nebula’ or ‘jellyfish’, but the rocket’s first twilight launch was still spectacular.
After both side boosters touched down, SpaceX ended its live coverage at the request of the Space Force, reiterating the mission’s secretive customer and nature. Compared to USSF-44, the USSF hasn’t confirmed much about the USSF-67 mission’s payloads, but Falcon Heavy is known to be carrying a geostationary communications relay satellite called CBAS-2 and likely built by Boeing.
CBAS-2 is joined by Northrop Grumman’s third Long Duration Propulsive EELV or LDPE-3A, a combination of a propulsive kick stage and a satellite. LDPE-3A is carrying a collection of rideshare satellites and payloads and is designed to operate for months in orbit. Using USSF-44 as a guide, the total USSF-67 payload could weigh roughly 3.75 to 4.75 tons (8,250-10,500 lb).
Climbing to GSO
While small compared to ordinary payloads, Falcon Heavy is launching USSF-67 directly to a geosynchronous orbit. Direct-to-GEO/GSO launches are exceptionally challenging for the rocket. Falcon Heavy must first sacrifice one of its three boosters just to ensure the Falcon upper stage is traveling fast enough and has enough propellant to spare when it separates. The upper stage must then conduct at least three or four burns.
The first burn likely carried the upper stage and USSF-67 payload into a parking orbit around 300 kilometers (~185 mi) above Earth’s surface. A second burn of the upper stage’s Merlin Vacuum engine will lift the pair into a geosynchronous transfer orbit (GTO) with the low end still around 300 kilometers but the high end around 35,800 kilometers (~22,250 mi). Finally, the upper stage must survive a roughly five-hour coast to that apogee. During that coast, the rocket must survive passes through both of Earth’s harsh radiation belts and maintain perfect control of its orientation and tank pressures to keep its refined kerosene fuel from freezing, its cryogenic liquid oxygen (LOx) from boiling away, and itself from bursting as its propellant warms and expands.
If it does all of those things right, the upper stage will be able to complete a circularization burn at apogee and deploy its CBAS-2 and LPDE-3A payloads directly into geosynchronous orbit (~35,786 x ~35,786 km). At GSO, satellites orbit at the same speed as Earth spins, allowing them to indefinitely hover over the same region of the planet, making it useful for Earth observation, surveillance, and communications. Finally, the Falcon upper stage will attempt to complete one last burn to send itself into a graveyard orbit just above GSO, where it will eventually run out of power and lose control.
It will take around 6-8 hours after liftoff before SpaceX or the USSF can confirm if the mission was a success. Rewatch SpaceX’s fifth Falcon Heavy launch and dual booster landing here.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Tennessee.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
