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SpaceX bids goodbye to older Falcon 9s with Florida ‘jellyfish’ launch spectacle
SpaceX’s final Block 4 Falcon 9 has completed its second and last orbital mission with a spectacular sendoff visible for hundreds of miles along the East Coast, harkening back to “alien invasion” comparisons that followed an equally stunning SpaceX launch from California last December.
Although the Falcon 9 booster was expended in the Atlantic Ocean minutes after launch, its upper stage remains in orbit in an experimental test of its lifespan, while the mission’s flight-proven Cargo Dragon spacecraft separated from the rocket and headed to the International Space Station with a promise of a possible third orbital reuse in 2019. This mission’s Dragon capsule flew for the first time in late 2016 for the CRS-9 mission and spent the two years since then having its heat shield and other major components refurbished or replaced, likely at a cost to SpaceX less than half that of constructing a brand-new Dragon spacecraft.
Falcon 9 B1045 lounges in the Florida summer humidity, hours before its second and final launch. (Tom Cross)
According to Jessica Jensen, SpaceX’s Director of Dragon Mission Management, SpaceX’s Dragon refurbishment team has also gotten considerably more efficient over several years of experience reusing the orbital spacecraft, now up to three reflights of three separate capsules. She noted in the postlaunch conference that – if all major components are healthy upon CRS-15’s early-August return to Earth – this capsule could be refurbished for its third mission in as few as months, which would make it one of the last Dragon 1 launches before the upgraded Dragon 2 begins crewed flights and takes over all cargo missions. After CRS-15, five more of those Cargo Dragon flights remain until CRS-2’s 2020 takeover, all of which will utilize flight-proven capsules.
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- CRS-15’s dramatic pre-dawn launch. (Tom Cross)
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- The extraordinary plume was lit up by the sun before it had risen above the Eastern horizon. (Tom Cross)
Falcon 9, on the other hand, reached a truly historic milestone today for SpaceX – B1045’s second and final flight marks the last rocket SpaceX will fly that does not feature a number of upgrades designed to dramatically improve booster reusability. Known as Falcon 9 Block 5, all future SpaceX missions (at least until BFR’s debut sometime in the early 2020s) will be launched aboard the upgraded rocket. If it works as intended, Block 5 should theoretically enable a rapid and affordable level of reusability never before achieved by Falcon 9 or any other rocket, for that matter.
https://twitter.com/_TomCross_/status/1012694524987092992
While still more than a little disheartening to see a Falcon 9 booster intentionally expended after launch, the spectacle created by B1045’s final flight was fitting, to say the least. Thankfully, the Block 5 takeover of all future SpaceX Falcon 9 and Falcon Heavy launches is likely to also result in a dramatic reduction in SpaceX’s willingness to expend flight-proven rockets after launch. Whereas Block 3 and 4 Falcon 9s were never designed to affordably and safely fly more than two or three times total, minimizing any opportunity cost from expending twice-flown rockets after launch, Block 5 has been purpose-built to allow individual boosters to fly a bare minimum of 10 times with minimal refurbishment and as many as 100 times with regular maintenance. Unless Block 5’s design fails to achieve that level of reusability, SpaceX is extremely unlikely to expend Block 5 boosters unless they have flown a number of times to extract as much value as possible from them.
Up next on SpaceX’s manifest are two back-to-back Falcon 9 Block 5 launches, Iridium-7 from California on July 20 and Telstar 19V from Florida less than 18 hours later. Both Block 5 boosters will be recovered aboard SpaceX’s fleet of drone ships, Just Read The Instructions (JRTI) to the West and Of Course I Still Love You (OCISLY) to the East.
Follow us for live updates, peeks behind the scenes, and photos from Teslarati’s East and West Coast photographers.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
