News
SpaceX’s Falcon Heavy flies a complex mission for the Air Force in launch video
SpaceX has gone to unique lengths for the third launch of its Falcon Heavy rocket and made an exhaustive webpage dedicated to the mission, reviewing its importance to SpaceX and the United States and discussing most of its 23 manifested spacecraft.
Known as the US Air Force’s Space Test Program 2 (STP-2) mission, Falcon Heavy Flight 3 will be a critical pathfinder for the US military’s systematic utilization of both Falcon Heavy and its flight-proven boosters.
The STP-2 mission will be among the most challenging launches in SpaceX history with four separate upper-stage engine burns, three separate deployment orbits, a final propulsive passivation maneuver and a total mission duration of over six hours. [It] will demonstrate the capabilities of the Falcon Heavy launch vehicle and provide critical data supporting certification for future National Security Space Launch (NSSL) missions. In addition, [the USAF] will use this mission as a pathfinder for the [military’s systematic utilization of flight-proven] launch vehicle boosters.
SpaceX, April 2019
SpaceX offers a very effective summary of the various challenges presented by Falcon Heavy’s STP-2 mission and third launch. It’s as challenging as it is for one very specific and largely artificial reason. All the way back in 2012, the USAF contracted the launch to give SpaceX a low-risk opportunity to demonstrate specific capabilities the military branch requires before they certify a given rocket to launch high-value payloads. Originally intended to fly STP-2 in mid-2015, Falcon Heavy suffered almost five years of delays during its development, caused by a combination of unexpected technical difficulties and two catastrophic Falcon 9 failures in 2015 and 2016.
After spending the whole of 2017 gradually catching up on delayed customer launches, SpaceX successfully conducted Falcon Heavy’s launch debut on February 6th, 2018. Four months later, the Air Force announced that it had completed the SpaceX rocket’s preliminary certification and awarded the company a $130M launch contract for AFSPC-52, a classified military satellite. According to documents describing the mission, the satellite weighs approximately 6350 kg (~14,000 lb) and needs to be placed into a geostationary transfer orbit (GTO) measuring 35,188km X 185km (21,850 mi X 115 mi).
Conveniently, Falcon Heavy’s commercial launch debut saw the massive rocket deliver the communications satellite Arabsat 6A – weighing ~6450 kg (~14,200 lb) – into an extremely high GTO, almost 90,000 km X 330 km (56,000 mi X 205 mi). In simpler terms, Falcon Heavy Flight 2 was an almost perfect demonstration that SpaceX is more than capable of successfully launching AFSPC-52, a milestone that could come as early as H2 2020.
The STP-2 mission should help to boost the US military’s confidence in Falcon Heavy even further. The mission is comprised of 23 separate satellites from a dozen or so different groups, ranging from a NOAA weather satellite constellation to a NASA-built atomic clock. The purpose of such a varied range of payloads is to have SpaceX’s Falcon upper stage (S2) place three separate sets into three distinctly different Earth orbits, a challenge that will require the rocket to ignite its Merlin Vacuum engine four times and survive in space for more than six hours.
SpaceX has been testing this critical long-coast technology since at least February 2018, when Falcon Heavy’s debut included a six-hour coast of the upper stage to send a Tesla Roadster on an Earth escape trajectory. SpaceX completed that test successfully and said Roadster is now orbiting the sun on a trajectory that regularly reaches beyond the orbit of Mars. SpaceX has continued to test the longevity of its universal Falcon upper stage, including a handful of on-orbit demonstrations after completing customer missions.
Aside from opening the door for new areas of competition in military launch procurement, successfully proving the long-coast capabilities of the Falcon upper stage will also mean that SpaceX can offer them commercially. Military launches often require long coasts in order to get spacecraft to their operating orbits as quickly as possible, typically involving an upper stage burning at the top of a transfer orbit to circularize said orbit. This capability can also be of significant value to non-government customers, however, as the faster a satellite can get to its operational orbit, the faster its owner can start using it to generate revenue. Traditionally, most commercial geostationary communications satellites are sent to transfer orbits, raising one end of the orbit (apogee) but leaving the low end (perigee) in low Earth orbit. Satellites then use their own propulsion systems to circularize their orbits before they can begin commercial operations.
It’s safe to assume that SpaceX is interested in commercially offering services like those above to make Falcon Heavy even more competitive with the likes of ULA’s Atlas/Delta/Vulcan rockets and Arianespace’s Ariane 5 and Ariane 6. The US military will almost certainly be the anchor customer, but a reliable upper stage with long-coast capabilities may one day allow Falcon Heavy to routinely launch commercial satellites directly into circular orbits or send flagship NASA spacecraft into deep space. But first, STP-2. According to Taiwan space agency NSPO, involved in the mission through their Formosat-7 constellation (also known as NOAA’s COSMIC-2), Falcon Heavy could launch STP-2 as early as June 22nd.
SpaceX’s dedicated STP-2 webpage can be viewed here.
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Investor's Corner
xAI targets $5 billion debt offering to fuel company goals
Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.
xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.
Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.
According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.
Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.
Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.
As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.
News
SpaceX to debut new Dragon capsule in Axiom Space launch
Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.
Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.
The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.
As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.
Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.
The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.
“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.
The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.
News
Tesla named official AV operator in Austin ahead of robotaxi launch
Tesla robotaxis could begin operating around Austin any day now, as echoed by an update to the city’s website.
Just as Tesla prepares to launch its own commercial robotaxi services in Austin, Texas this month, the company has now appeared on the state’s website as an official operator of autonomous vehicles (AVs).
As of Monday, Tesla has been listed as an AV operator on Austin’s official Department of Motor Vehicles (DMV) site, ahead of the company’s expected launch of the long-awaited service sometime this month. The news, which X user Tesla Yoda first spotted, precedes some reports suggesting the robotaxi service could launch in the coming days, and it comes as the city becomes an increasingly competitive stomping ground for the emerging technology.
Although Tesla has been included on the list, the website says that Tesla is still in the testing phase, alongside most of the other AV operators in the city. At this time, Alphabet-owned robotaxi company Waymo is the only operator listed as being in the deployment phase, while Hyundai-owned company Motional is listed as being in the mapping phase.
Tesla is set to initially deploy the service as a limited pilot program using the company’s existing Model Y vehicles, and it will start by testing them in the safest areas of the city within geo-mapped boundaries as extra safety precautions upon launch.
🚨 Elon says by end of June, the public should be ready to take a Robotaxi in Austin without an invitation
Initial launch will be small and riders will be picked by Tesla https://t.co/zEQOkXnE6s
— TESLARATI (@Teslarati) May 29, 2025
Below you can see the full list of AV operators on the Austin DMV website at the time of writing, including both the Alphabet-owned Waymo and the Amazon-run Zoox.
Current list of AV operators in Austin
- ADMT
- Phase: testing
- Parent company: VW
- AVRide
- Phase: testing
- Parent company: AVRide Inc
- Motional
- Phase: mapping
- Parent company: Hyundai
- Waymo
- Phase: deployment
- Parent company: Alphabet (Google)
- Tesla
- Phase: testing
- Parent company: Tesla
- Zoox
- Phase: testing
- Parent company: Amazon
READ MORE ON AUTONOMOUS VEHICLES: Elon Musk just revealed more about Tesla’s June Robotaxi launch
Tesla’s Austin robotaxi launch, Full Self-Driving, and other AV companies
The news follows a report from Bloomberg a few weeks ago saying that Tesla was considering a launch date of June 12 for the service, though the validity of that report is still unclear. Additionally, Tesla could still change its plans on a launch date, though the company’s inclusion on the Austin DMV AV operators list appears to be a good sign either way.
The company has also been running internal pilot programs for the robotaxi service in Austin and around the Bay Area, California, with around 300 test operators operating the vehicles in the Texas city since at least April. Last fall, CEO Elon Musk also said that employees had already been piloting a ride-hailing program around the Bay.
Tesla has long touted its Full Self-Driving (FSD) program as the solution to autonomy, with the system utilizing cameras and real-time driver footage to train its AI neural network on how to drive. By comparison, most other companies utilize cameras and radar systems together, while relying on geo-mapped systems to determine where the robotaxi can operate.
Waymo launched driverless ride-hailing services in Austin through a partnership with Uber, though the company has also been running paid robotaxi rides in various parts of California since last year through its Waymo One app. Other companies such as the Amazon-owned firm Zoox and the Hyundai-led company Motional are also preparing to deploy services in Austin and other U.S. cities.
Tesla’s ‘Project Alicorn’ and what it means for the Robotaxi platform
xAI targets $5 billion debt offering to fuel company goals
SpaceX to debut new Dragon capsule in Axiom Space launch
Tesla named official AV operator in Austin ahead of robotaxi launch
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