SpaceX
SpaceX’s first Falcon 9 Block 5 booster casualty battered but still intact in aerial photos
Shortly after successfully sending a reused Cargo Dragon spacecraft on its way towards the International Space Station (ISS), SpaceX Falcon 9 Block 5 booster B1050 experienced an anomaly with its grid fins during a planned landing, resulting in a shockingly soft (but unintentional) landing just off the Florida coast.
By some minor miracle, the drastically off-nominal loads experienced by the booster during its unintended departure from controlled flight somehow did not rise to the bar of structural failure. Nevertheless, now floating a handful of miles east of Port Canaveral’s mouth, B1050 did not make it through the ordeal unscathed.
https://twitter.com/_TomCross_/status/1070742919986991107
A little more than 24 hours after the booster found itself floating sideways in the Atlantic Ocean, B1050 had floated a solid ten miles south of its original position into waters and airspace that no longer fell under the purview of Cape Canaveral Air Force Station, technically a military outpost. As the captains of tugboat Eagle and SpaceX support vessel GO Quest discussed the logistics of returning the booster to port with the local harbormaster and US Coast Guard, Teslarati photographer Tom Cross chartered a local helicopter to get a slightly better view of the waterlogged rocket and its ad-hoc recovery operations.
A casualty of war (with the air)
Second only to the fact that the booster appears to be in disproportionately good shape considering the circumstances, by far the most noteworthy feature of the newest addition to SpaceX’s marine fleet is the sheer damage suffered by B1050’s interstage, the black carbon fiber composite structure that topsFalcon 9 Block 5 boosters and hosts its grid fins and stage separation mechanism.
Revealed from an aerial perspective, it almost looks as if one side of the composite cylinder was smashed with a giant hammer, tearing off at least 20% of the entire interstage – including one of four titanium grid fins – while leaving another large segment hanging on by only partially-figurative carbon fiber threads.
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- Falcon 9 B1050 is seen here shortly before launch with an intact interstage. (Tom Cross)
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- B1050 viewed from Cocoa Beach. (Tom Cross)
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- Falcon 9 B1050’s interstage, or what’s left of it. (Tom Cross)
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- RIP grid fin. (Tom Cross)
It’s not 100% clear why B1050’s interstage was so readily destroyed but a narrative can certainly be drawn from the current public record. After its grid fins lost hydraulic power and became stuck at an extreme angle, B1050 almost immediately lost control and began rapidly and quite brutally spinning and flailing, tossed around as it hurtled through the air at supersonic speeds. Being a predominately smooth cylinder, Falcon 9’s first stage is inherently prone to rotation in the presence of high-velocity air currents, which is why its grid fins are an absolute necessity for maintaining control authority during in-atmosphere “flights”.
Engines stabilized rocket spin just in time, enabling an intact landing in water! Ships en route to rescue Falcon. pic.twitter.com/O3h8eCgGJ7
— Elon Musk (@elonmusk) December 5, 2018
In a show that will turn the stomach of anyone familiar with a rocket’s typically narrow load tolerances, Falcon 9 B1050 experienced extreme aerodynamic stresses during the worst of its uncontrolled tumble, to the extent that the entire booster and interstage can be seen visibly twisting at least 5 degrees left and right from the perspective of an onboard camera. In the video above, focus on the center of Falcon 9’s grid fins during the first and last 5-10 seconds to properly visualize the extreme forces at play.
It might look fairly innocent to the untrained eye, but keep in mind that Falcon 9’s interstage is no more than a couple of inches thick and is absolutely massive, stretching 3.7m (~12 ft) in diameter. Perhaps even more importantly, the damage to the interstage has almost without a doubt rendered it unusable from the perspective of SpaceX’s established methods of safely moving and manipulating Falcon 9 boosters.
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- Technicians attach an older interstage-grabber to lift B1046 after its first recovery. (Tom Cross)
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- One of SpaceX’s East Coast interstage jigs is pictured here atop B1049. (Tom Cross)
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- A Falcon 9 Block 5 booster bares its interstage and pusher rod, offering a perfect illustration of its scale. (Bloomberg)
All of those methods rely on adapters that attach to the interstage to lift the rocket vertically or support part of its ~30-ton dry mass horizontally. Lacking a sound interstage, it’s now entirely unclear how SpaceX might go about getting B1050 onto land without damaging it further. In simpler terms, this bodes very, very badly for any plans to safely reuse B1050 in the near (or distant) future. After suffering loads that severely weakened and ultimately tore its interstage to pieces, it’s reasonable to assume that the rest of the rocket’s lithium-aluminum propellant tanks experienced stresses that are at least roughly comparable.
If that’s the case, perhaps the only real hope for B1050’s ‘reuse’ will be the recovery of certain subcomponents and miscellaneous parts that may have made it through the ordeal unscathed or with only minor damage. The three remaining titanium grid fins are a guaranteed recovery, while COPVs, cold gas thrusters, avionics boxes, and maybe even some of its nine Merlin 1D engines could be salvageable with some level of refurbishment.
In the meantime, the tentative plan right now is to two B1050 into Port Canaveral sometime after dawn tomorrow, either ending up at drone ship OCISLY’s berth or another less-developed section of the port.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
Investor's Corner
SpaceX IPO is coming, CEO Elon Musk confirms
However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon. Musk replied, basically confirming it.
Elon Musk confirmed through a post on X that a SpaceX initial public offering (IPO) is on the way after hinting at it several times earlier this year.
It also comes one day after Bloomberg reported that SpaceX was aiming for a valuation of $1.5 trillion, adding that it wanted to raise $30 billion.
Musk has been transparent for most of the year that he wanted to try to figure out a way to get Tesla shareholders to invest in SpaceX, giving them access to the stock.
He has also recognized the issues of having a public stock, like litigation exposure, quarterly reporting pressures, and other inconveniences.
However, it appears Musk is ready for SpaceX to go public, as Ars Technica Senior Space Editor Eric Berger wrote an op-ed that indicated he thought SpaceX would go public soon.
Musk replied, basically confirming it:
As usual, Eric is accurate
— Elon Musk (@elonmusk) December 10, 2025
Berger believes the IPO would help support the need for $30 billion or more in capital needed to fund AI integration projects, such as space-based data centers and lunar satellite factories. Musk confirmed recently that SpaceX “will be doing” data centers in orbit.
AI appears to be a “key part” of SpaceX getting to Musk, Berger also wrote. When writing about whether or not Optimus is a viable project and product for the company, he says that none of that matters. Musk thinks it is, and that’s all that matters.
It seems like Musk has certainly mulled something this big for a very long time, and the idea of taking SpaceX public is not just likely; it is necessary for the company to get to Mars.
The details of when SpaceX will finally hit that public status are not known. Many of the reports that came out over the past few days indicate it would happen in 2026, so sooner rather than later.
But there are a lot of things on Musk’s plate early next year, especially with Cybercab production, the potential launch of Unsupervised Full Self-Driving, and the Roadster unveiling, all planned for Q1.
News
SpaceX reportedly mulling IPO, eyeing largest of all time: report
“I do want to try to figure out some way for Tesla shareholders to participate in SpaceX. I’ve been giving a lot of thought to how to give people access to SpaceX stock,” Musk said.
SpaceX is reportedly mulling an initial public offering, eyeing what would be the largest valuation at the time of availability of all time, a new report from Bloomberg said on Tuesday.
It is one of many reports involving one of Elon Musk’s companies and a massive market move, as this is not the first time we have seen reports of an IPO by SpaceX. Musk himself has also dispelled other reports in the past of a similar nature, including an xAI funding round.
SpaceX and Musk have yet to comment on the report. In the past, untrue reports were promptly replied to by the CEO; this has not yet gained any response, which is a good sign in terms of credibility.
However, he said just a few days ago that stories of this nature are inaccurate:
“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate. SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors. Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market. And one other thing that is arguably most significant by far.”
There has been a lot of press claiming @SpaceX is raising money at $800B, which is not accurate.
SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors.
Valuation increments are a…
— Elon Musk (@elonmusk) December 6, 2025
Musk has discussed a potential IPO for SpaceX in recent months, as the November 6 shareholder meeting, as he commented on the “downsides” of having a public company, like litigation exposure, quarterly reporting pressures, and other inconveniences.
Nevertheless, Musk has also said he wants there to be a way for Tesla shareholders to get in on the action. At the meeting in early November, he said:
“I do want to try to figure out some way for Tesla shareholders to participate in SpaceX. I’ve been giving a lot of thought to how to give people access to SpaceX stock.”
Additionally, he added:
“Maybe at some point., SpaceX should become a public company despite all the downsides of being public.”
Musk has been historically reluctant to take SpaceX public, at times stating it could become a barrier to colonizing Mars. That does not mean it will not happen.
Bloomberg’s report cites multiple unidentified sources who are familiar with the matter. They indicate to the publication that SpaceX wants to go public in mid-to-late 2026, and it wants to raise $30 billion at a valuation of around $1.5 trillion.
This is not the first time SpaceX has discussed an IPO; we reported on it nine years ago. We hope it is true, as the community has spoken for a long time about having access to SpaceX stock. Legendary investor Ron Baron is one of the lucky few to be a SpaceX investor, and said it, along with Tesla, is a “lifetime investment.”
Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA
The primary driver of SpaceX’s value is Starlink, the company’s satellite internet service. Starlink contributes 60-70 percent of SpaceX’s revenue, meaning it is the primary value engine. Launch services, like Falcon 9 contracts, and the development of Starship, also play supporting roles.
SpaceX reached an incredible milestone with its Starlink program with a launch last night, as the 3,000th satellite of the year was launched into low Earth orbit.
On Monday, SpaceX also achieved its 32nd flight with a single Falcon 9 rocket from NASA’s Kennedy Space Center.
The mission was Starlink 6-92, and it utilized the Falcon 9 B1067 for the 32nd time this year, the most-used Falcon booster. The flight delivered SpaceX’s 3000th Starlink satellite of the year, a massive achievement.
There were 29 Starlink satellites launched and deployed into LEO during this particular mission:
Falcon 9 launches 29 @Starlink satellites from Florida pic.twitter.com/utKrXjHzPN
— SpaceX (@SpaceX) December 9, 2025
SpaceX has a current goal of certifying its Falcon boosters for 40 missions apiece, according to Spaceflight Now.
The flight was the 350th orbital launch from the nearby SLC-40, and the 3,000 satellites that have been successfully launched this year continue to contribute to the company’s goal of having 12,000 satellites contributing to global internet coverage.
There are over five million users of Starlink, the latest data shows.
Following the launch and stage separation, the Falcon 9 booster completed its mission with a perfect landing on the ‘Just Read the Instructions’ droneship.
The mission was the 575th overall Falcon 9 launch, highlighting SpaceX’s operational tempo, which continues to be accelerated. The company averages two missions per week, and underscores CEO Elon Musk’s vision of a multi-planetary future, where reliable connectivity is crucial for remote work, education, and emergency response.
As Starlink expands and works toward that elusive and crucial 12,000 satellite goal, missions like 6-92 pave the way for innovations in telecommunications and enable more internet access to people across the globe.
With regulatory approvals in over 100 countries and millions of current subscribers, SpaceX continues to democratize space, proving that reusability is not just feasible, but it’s also revolutionary.
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