SpaceX
SpaceX’s Falcon Heavy to ignite all 27 Merlin engines in early morning test
SpaceX is set to take another stab at the first integrated static fire test of Falcon Heavy Block 5 rocket, a milestone that will open the doors for its commercial launch debut just a handful of days later.
The window for the second Falcon Heavy’s static fire test will open at
If all goes well during these relatively routine procedures, SpaceX can be expected to announce a date for Falcon Heavy’s second-ever launch, likely no sooner than 4-5 days after the static fire is completed. In other words, a flawless performance tomorrow could permit a launch date as early as April 9-10. Launching fewer than four days after completing static fire testing is rare even for Falcon 9, which has the luxury of far less complexity (and data produced) relative to Falcon Heavy, which has only flown once and
Three months after Falcon Heavy’s February 2018 debut, SpaceX debuted Falcon 9 in its upgraded Block 5 configuration, featuring widespread changes to avionics, software, structures, thermal protection, and even uprated thrust for its Merlin engines. Falcon Heavy Flight 1 was comprised of Block 2 and Block 3 variants of the Falcon 9’s umbrella V1.2 Full Thrust configuration, which debuted in December 2015. Both side boosters – Block 2s – were flight-proven and had previously launched in 2016, while the rocket’s heavily modified center core was effectively a new version of Falcon 9 based on Block 3 hardware.
One of the biggest goals of Block 5 / Version 6 is ease of reusability. In
And we have
Block 5 has improved payload to orbit. Improved redundancy. Improved reliability. It’s really better in every way than Block 4. I’m really proud of the SpaceX team for the design.
– SpaceX CEO Elon Musk, May 2018
A different different rocket
Given just how extensive the changes made with Block 5 are, Falcon Heavy Flight 2 is drastically different than its sole predecessor, emphasized by the 13+ months SpaceX has taken to go from Flight 1 to Flight 2. Had SpaceX been able to successfully recover Falcon Heavy’s first center core (B1033) after launch, its quite likely that the company would have attempted to refly the rocket’s three landed boosters a bit sooner than April 2019, but the booster’s failed landing threw a bit of a wrench in the production plan.
After intentionally expending almost a dozen recoverable Block 3 and 4 Falcon 9 boosters in 2017 and 2018, SpaceX’s fleet of flightworthy cores had been reduced to a tiny handful. Interrupting Falcon 9 Block 5’s production ramp would have likely become a bottleneck for 2018’s launch cadence, and may well have contributed to SpaceX falling short from its planned 30 and then 24 launches last year with a still-impressive 21. Building an entirely new Falcon Heavy center core was simply not a priority as SpaceX required all production hands on deck to build enough Block 5 boosters to avoid major launch delays.
As a result, SpaceX delayed the production of the first Falcon Heavy Block 5 center core by ~6 months and ~8 boosters, shipping the rocket – presumed to be B1055 – to McGregor, Texas for static fire acceptance testing in Q4 2018. The center core arrived in Florida in mid-February 2019, following both side cores and a payload fairing.
Ultimately, SpaceX is likely to conduct Falcon Heavy’s first commercial launch with about as much caution as could be observed during the unique launches of SSO-A (the first triple-
Stay tuned for an official SpaceX confirmation of Falcon Heavy’s second integrated static fire, as well as new launch date.
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Elon Musk
SpaceX’s newest Starmind will make earth data centers obsolete
Elon Musk confirmed Starmind as SpaceX’s AI satellite constellation name, targeting one million orbital compute nodes.
Elon Musk confirmed that Starmind will be the official name of SpaceX’s planned AI satellite constellation, following a trademark filing by xAI that surfaced earlier this week. Starmind is what’s being described to the FCC as a constellation of up to one million AI satellites
It’s worth noting that SpaceX’s Starlink communication satellite and Starmind are built on the same orbital infrastructure concept but serve entirely different purposes. Starlink is a connectivity network, with satellites receiving and relaying data between points on Earth, and functioning as a high-speed internet backbone in space. The satellites themselves do not process or think, and move information from one place to another, the same function a fiber cable performs underground.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
Starmind, on the other hand, is something completely different, and tather than moving data, its satellites would compute data through artificial intelligence and directly in orbit using onboard processors powered by large solar arrays. Where a Starlink satellite is essentially a very fast pipe, a Starmind satellite is a server. The practical implication is that Starmind would allow AI models to run inference, process queries, and generate outputs from space, then beam results down to users anywhere on Earth within milliseconds, and without the data ever needing to travel to a terrestrial data center.
Starship will be able to carry 30 to 50 AI1 satellites per launch, delivering the equivalent of dozens of server racks per flight, with no land acquisition, no power grid approval, and no cooling infrastructure required on the ground.
SpaceX is pursuing this new technology as terrestrial data centers are running into hard limits such as lack of physical space, community opposition, and power and water consumption at a scale that is increasingly difficult to permit. Space has unlimited solar power, natural vacuum cooling, and no zoning boards. Musk said in a June 8 video presentation that he expects space to become the lowest-cost location to deploy AI compute within two to three years. Two AI1 prototypes are scheduled to launch in early 2027, with volume production targeted for the end of that year at a new facility called Gigasat.
The real world applications Starmind enables extend well beyond powering Grok. A constellation of orbiting AI processors could run inference workloads for any paying customer, anywhere on Earth, with latency measured in milliseconds rather than the seconds associated with ground-based cloud routing across continents. Starmind, if it scales as described, would make SpaceX the landlord of AI compute the same way Starlink made it the landlord of satellite internet.
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, Mississippi.
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.
SpaceX’s newest Starmind will make earth data centers obsolete
Tesla pushes back against unfair reporting of accidents
