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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).
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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.
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
