SpaceX
SpaceX’s Falcon Heavy shown launching NASA Orion spacecraft in fan render
A spaceflight fan’s unofficial render has offered the best look yet at what SpaceX’s Falcon Heavy could look like in the unlikely but not impossible event that NASA decides to launch its uncrewed Orion demonstration mission on commercial rockets.
Oddly enough, the thing that most stands out from artist brickmack’s interpretation of Orion and Falcon Heavy is just how relatively normal the large NASA spacecraft looks atop a SpaceX rocket. The render also serves as a visual reminder of just how little SpaceX would necessarily need to change or re-certify before Falcon Heavy would be able to launch Orion. Aside from the fact that NASA’s Launch Services Program (LSP) is not quite ready to certify the full launch vehicle for NASA missions, very few hurdles appear to stand in the way of Orion launching on a commercial rocket – be it on Falcon Heavy or ULA’s Delta IV Heavy.
In a wholly unexpected announcement made by NASA administrator Jim Bridenstine during a March 13th Congressional hearing, the agency leader revealed that NASA was seriously analyzing the possibility of launching Orion’s uncrewed lunar demonstration mission – known as Exploration Mission 1 (EM-1) – on commercial launch vehicles instead of the agency’s own Space Launch System (SLS) rocket.
The purpose: maintain the missions launch schedule – 2020 – in the face of a relentless barrage of delays facing the SLS rocket, the launch debut of which has effectively been slipped almost three years in the last 18 or so months, with the latest launch date now featuring a median target of November 2021. Some subset of NASA leaders, Congressional supporters, and White House officials have clearly begun to accept that SLS/Orion’s major continued delays are simply unacceptable to both the taxpayer and maintaining appearances, despite the fact that those delays continue to make SLS/Orion an extremely successful example of both corporate welfare and a jobs program.
As it currently stands, a median target of November 2021 for the SLS launch debut guarantees that there is almost certainly no chance of the rocket launching at any point in 2020, even if NASA took the extraordinary step of completely cutting a full-length static fire of the entirely unproven rocket prior to its debut. Known as the “Green Run”, the ~8-minute long static fire test is planned to occur at NASA’s Stennis Space Center on the B2 test stand, which NASA – despite continuous criticism from OIG before and after the decision – has spent more than $350M to refurbish. Stennis B2’s refurbishment was effectively completed just two months ago after the better part of seven years of work.
Put simply, even heroics verging on insanity would be unlikely to get SLS prime contractor Boeing to cut ~12 months off of the rocket’s schedule prevent additional unplanned delays in the 18 or so months between now and an even minutely plausible launch debut target. Admittedly, NASA’s proposed commercial alternative for Orion’s lunar launch debut also offers a range of different but equally concerning risks for the program and mission assurance.
Major challenges remain
On one hand, the task of successfully launching NASA’s Orion spacecraft around the Moon with Delta IV Heavy and Falcon Heavy rockets has a lot going for it, regardless of which rockets launch Orion to LEO or launch the fueled upper stage to boost it around the Moon. In 2014, NASA and ULA successfully launched a partial-fidelity Orion spacecraft to an altitude of 3700 miles (~6000 km), testing some of Orion’s avionics, general spacefaring capabilities, and the craft’s heat shield, although Lockheed Martin has since significantly changed the shield’s design and method of production/installation. Regardless, the EFT-1 test flight means that a solution already more or less exists to mate Orion and its service module (ESM) to a commercial rocket and launch the duo into orbit.
If ULA is unable to essentially produce a Delta IV Heavy from scratch in less than 12-18 months, Falcon Heavy would be next in line to launch Orion/ESM, a use-case that might actually be less absurd than it seems. Thanks to the fact that SpaceX’s payload fairing is actually wider than the large Orion spacecraft (5.2 m (17 ft) vs. 5 m (16.5 ft) in diameter), any major risks of radical aerodynamic problems can be largely retired, although that would still need to be verified with models and/or wind-tunnel testing. The only major change that would need to be certified is ensuring that the Falcon second stage is capable of supporting the Orion/ESM payload, weighing at least ~26 metric tons (~57,000 lb) at launch. The heaviest payloads SpaceX has launched thus far were likely its Iridium NEXT missions, weighing around 9600 kg (21,100 lb).
However, the most difficult aspects of Bridenstine’s proposed alternative are centered around the need for the EM-1 Orion spacecraft to somehow dock with a fueled upper stage meant to be launched separately. Orion in its current EM-1 configuration does not currently have the ability to dock with anything on orbit, a challenge that would require Lockheed Martin and subcontractors to find a way to install the proper hardware and computers and develop software that was – prior to this surprise announcement – only planned to fly on EM-3 (NET 2024). As such, Lockheed Martin – notorious for slow progress, cost overruns, and delays throughout the Orion program – would effectively become the critical path in finishing and installing on-orbit docking capabilities on Orion in less than 12-18 months.
The only alternative would be to have either SpaceX or ULA retrofit some sort of docking mechanism onto one of their upper stages, perhaps less difficult than getting Lockheed Martin to work expediently but still a major challenge for such a short developmental timeframe. Put simply, completing the tasks at hand in the time allotted could easily be beyond the capabilities of old-guard NASA contractors like LockMart and Boeing. Ironically, the upper stage that was designed for EM-1 and is already more or less complete – known as the interim cryogenic propulsion stage (ICPS) – is built by Boeing, the same company that has the most to lose if NASA chooses to make the SLS rocket – which Boeing also builds – functionally redundant with a commercial dual-launch alternative.
Second render in this series. Commercial transport for Orion from LEO to TLI in a dual-launch profile (this part is much harder in the near term, really need ACES unless the goal is only a flyby) https://t.co/70eG2i7Axz— Mack Crawford (@brickmack) March 24, 2019
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Elon Musk
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX surged 19% on its first trading day as Musk projected $1 trillion revenue by 2030.
Just days after SpaceX stock pushed its market cap past $2 trillion on its first trading session, closing at $160.95, a 19% gain on the $135 IPO price, Elon Musk posted his own revenue projection on X that went well beyond anything Wall Street modeled. “I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk wrote, then followed up: “And I would be surprised if revenue is not greater than $1T in 2031.” That forecast sits roughly three times above the most bullish institutional estimate on the table.
Morgan Stanley, one of the lead underwriters, projects SpaceX revenue of $160 billion in 2028, $330 billion in 2030, and $3.4 trillion by 2040, with adjusted EBITDA projected to exceed $2.7 trillion at that point. Reaching those numbers from SpaceX’s $18.7 billion in 2025 revenue requires a compound annual growth rate of roughly 42%, which would outpace even Amazon’s fastest growth era. Morgan Stanley’s model places AI infrastructure as the heaviest revenue driver, projecting $190 billion from SpaceX’s AI business alone by 2030. That figure is anchored to xAI’s Grok platform and the Colossus supercomputer following the earlier merger.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
The government revenue pipeline provides a more predictable foundation under those projections. As we have previously reported, SpaceX holds at least $22 billion in cumulative federal contracts across NASA, the Space Force, the NRO, and the Space Development Agency, with 52 active contracts carrying $11.8 billion in remaining value. The NASA Artemis Human Landing System contract alone is valued at $4.04 billion, covering a second crewed lunar landing demonstration targeted for the Artemis IV mission. SpaceX is also a frontrunner for the Golden Dome missile defense shield, and the FAA has approved up to 44 Starship launches from LC-39A in 2026, setting the stage for Starship to become the backbone of both commercial and government heavy lift. Whether Musk’s $1 trillion number proves visionary or simply optimistic, the infrastructure to get there is already being funded.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
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The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
SpaceX CEO Elon Musk recently confronted worries about orbital data centers and launching satellites in mass quantities in space, as some voiced concerns about crowding.
Musk’s SpaceX plans to combat the issue of needing data centers by launching them into space instead of taking up valuable real estate on Earth. It has been a major point of SpaceX’s future, including its looming IPO, which could be the largest ever.
In a recent interview filmed at SpaceX’s Starlink terminal factory in Bastrop, Texas, Elon Musk directly addressed concerns that deploying large numbers of AI satellites for orbital data centers could crowd Earth’s orbit. His message was straightforward and reassuring: space is vast beyond human intuition.
“Space is really big,” Musk said. “It’s not like space is gonna get crowded. Space is enormous. If you actually look at it relative to the Earth, the satellites are so tiny you can’t even see them.” He emphasized that even zooming in makes a satellite appear large, but from a planetary perspective, they are minuscule specks.
Elon on concerns that AI satellites will crowd space:
“Space is really big. It’s not like space is gonna get crowded. Space is enormous. If you actually look at it relative to the earth, the satellites are so tiny you can’t even see them.” https://t.co/Mvr7NpL25Q pic.twitter.com/5Fi629Rii7
— Sawyer Merritt (@SawyerMerritt) June 8, 2026
Musk pointed to SpaceX’s real-world experience operating roughly 10,000 Starlink satellites as evidence that large constellations can be managed safely. “We’ve got a pretty good idea of how to operate just really large constellations and do it safely,” he noted. SpaceX remains the only operator with meaningful experience at this scale, giving the company unique insight into tight orbital packing without compromising safety
The discussion highlighted SpaceX’s plans for “AI1” satellites—essentially orbiting racks of AI compute powered by massive solar arrays and cooled via radiative panels in space’s vacuum.
These satellites leverage proven Starlink V3 technology, making them simpler to design than communications satellites. A first-generation unit targets around 150 kW peak power, with a 70-meter wingspan for solar panels and radiators. Laser links will connect them to each other and the Starlink network, delivering low-latency access (on the order of a few milliseconds from low-Earth orbit).
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Musk framed orbital data centers as a practical solution to Earth’s constraints on AI growth. Ground-based facilities face power shortages, water demands for cooling, and grid limitations. In space, constant sunlight (no day-night cycle), vacuum radiative cooling, and abundant solar energy offer clear advantages.
Production will ramp up at an expanded “Gigasat” factory in Bastrop, with solar manufacturing already underway and full AI satellite output expected at reasonable volume by the end of 2027. Starship’s rapid, high-volume launch capability, aiming for multiple flights per hour, will make massive deployment feasible.
Critics sometimes raise risks like space debris or Kessler syndrome, but Musk’s response underscores scale: even a million satellites would represent an imperceptible fraction of available orbital volume when viewed against Earth’s size. SpaceX’s automated collision avoidance and deorbiting designs for Starlink further mitigate concerns.
This vision ties into broader ambitions. Musk sees orbital AI compute as a step toward harnessing more of the Sun’s energy, advancing humanity on the Kardashev scale from a Type 0 civilization toward Type 1 and eventually Type 2. By moving power-hungry data centers off-planet, SpaceX aims to unlock orders-of-magnitude more compute while preserving Earth’s resources.
Musk’s comments should ease public anxiety. With proven operational expertise, incremental engineering, and the immensity of space itself, orbital data centers represent not overcrowding, but smart expansion into the final frontier.
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
