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SpaceX Falcon Heavy rocket rolls out for first launch of 2023
SpaceX has assembled Falcon Heavy and rolled the rocket out to the launch pad for its first mission of 2023.
This particular Falcon Heavy – the fifth overall – is reusing both of the side boosters recovered from the rocket’s fourth launch. Originally scheduled to launch in late 2020, Falcon Heavy Flight 4 finally lifted off from the NASA Kennedy Space Center’s LC-39A pad on November 1st, 2022. The two-year delay was caused almost exclusively by unspecified issues with one or several of the US Space Force-44 (USSF-44) mission’s payloads, forcing SpaceX to store completed Falcon Heavy boosters for more than a year and a half.
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
Thankfully, despite an unplanned 40-month hiatus between missions, the US Space Force reported that Falcon Heavy’s fourth launch was a “simply outstanding” success. USSF-44 was SpaceX’s first attempt at a direct geosynchronous launch – one of the most difficult missions for rockets that use cryogenic liquid propellant. Falcon Heavy first launched payloads to a highly-elliptical parking orbit (~300 km x ~36,000 km) and then coasted for around six hours in the harsh vacuum of space. Once the Falcon upper stage reached that 36,000-kilometer (~22,250 mi) apogee, all the while fighting to keep its propellant from freezing into slush and boiling into gas, it ignited again to complete a circularization burn – raising the low end of its orbit (perigee) to match the apogee.
The payloads were likely deployed around 6-8 hours after liftoff. To complete such a challenging mission, SpaceX was forced to intentionally sacrifice one of Falcon Heavy’s three potentially reusable boosters. But about eight minutes after liftoff, both of the rocket’s side boosters safely touched down side by side at SpaceX’s LZ-1 and LZ-2 landing zones. Before the launch, military officials had confirmed that those boosters – B1064 and B1065 – were already expected to fly again on Falcon Heavy’s next Space Force launch, USSF-67.
Less than 70 days after their first launch and landing, SpaceX has refurbished B1064 and B1065; attached the boosters to another expendable Falcon Heavy center core and upper stage, and rolled the rocket out to Pad 39A for prelaunch testing. Its payloads and exact launch time are different, but USSF-67 is expected to be virtually identical to USSF-44 – launching directly to GSO with a lightweight collection of miscellaneous experiments and small satellites. The center core will be expended and B1064 and B1065 will attempt another simultaneous landing at LZ-1 and LZ-2.
Like USSF-44, USSF-67’s rocket rolled out for the first time without its cone-like payload fairing installed. Up next, Falcon Heavy will need to complete a wet dress rehearsal and static fire test before SpaceX and the USSF can clear it for flight. SpaceX will then lower the rocket to the ground, return it to the hangar, install the USSF-67 payload, roll the rocket back to the pad, and raise it vertical.
Unofficial but well-sourced public manifests report that SpaceX intends to launch USSF-67 four days from now, shortly before 6 pm EST (23:00 UTC) on Friday, January 13th. SpaceX took five and a half days to complete the same process for USSF-44, so a delay to January 14th or 15th would not be surprising. But at the moment, Friday’s launch attempt is scheduled shortly after sunset, potentially producing the same kind of extraordinary light shows Falcon 9 has become famous for. However, that show would be significantly magnified by Falcon Heavy’s three boosters and twin boostback burns, potentially making it one of the most visually spectacular launches ever.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
