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SpaceX spotted hot-fire testing Falcon 9 Block 5 ahead of its first reflight on August 7
Less than three months after SpaceX debuted its upgraded Falcon 9 Block 5 rocket, the company is set for an unexpectedly sudden inaugural reuse of the first highly reliable and reusable rocket to roll off of the Hawthorne, CA assembly line. Falcon 9 booster 1046 (B1046) is now targeting 1:18 AM EDT, August 7 for its second launch.
Confirmed by visual observation of a sooty Block 5 booster vertical on Cape Canaveral’s Pad 40, this reuse will be just two weeks away from beating SpaceX’s booster turnaround record of 72 days.
Static fire test of Falcon 9 complete—targeting August 7 launch of Merah Putih from Pad 40 in Florida.
— SpaceX (@SpaceX) August 2, 2018
On the ground to visually confirm plans for the historic reuse, Teslarati photographer Tom Cross also managed to capture an intriguing propellant loading and abort test, where SpaceX appeared to intentionally abort a ‘launch’ attempt after rapidly loading a full complement of liquid oxygen (LOX) and rocket-grade kerosene (RP-1).
While not 100% clear why this testing was done today, an extensive understanding of Falcon 9 Block 5’s behavior during propellant late-load and launch abort scenarios are both critical for the reliable operation of the upgraded rockets and invaluable for the first Crew Dragon launches later this year and early next, the latter with astronauts on board. With humans atop the rocket, a deep understanding of the vehicle’s behavior during a wide range of off-nominal scenarios is more critical than ever, be it required by NASA or simply a side effect of due diligence on behalf of SpaceX.
https://twitter.com/_TomCross_/status/1025074341040533504
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A new era of reusable rockets
Regardless, the main focus of this mission is to launch a payload for Indonesian operator PT Telkom Indonesia, in this case a ~5800 kg (12800 lb) geostationary communications satellite known as Merah Putih (formerly Telkom 4). On the SpaceX side of things, this mission is absolutely critical for the company’s future – it will mark the (hopefully) successful inaugural reuse of a Falcon 9 Block 5 booster, the first of many dozens or even hundreds to come over the next several years if SpaceX’s can make good on its aspirations.
While not immensely impressive in the sense that B1046’s refurbishment took ~85 days to Block 4’s record 72-day turnaround, that cursory conclusion is far from accurate. The record turnaround with Block 4 booster B1045 was essentially the culmination of more than a year of experience with nearly a dozen Block 3 and Block 4 Falcon 9 reuses. While that experience definitely transferred in part to SpaceX’s first attempt at reusing Falcon 9 Block 5 (and especially so with the actual design of its reusability-focused upgrades), it’s worth noting that the first reuses of Falcon 9s averaged booster turnaround times of 180-250 days, nearly double or triple the time between Block 5’s first-ever launch and that same booster’s first reflight.
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- Falcon 9 B1046 vents during a launch abort test just before its successful static fire, August 2nd. (Tom Cross)
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- Drone ship OCISLY preps for its second Falcon 9 recovery in less than three weeks. (Tom Cross)
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- A new vessel – GO Navigator – joined SpaceX’s fleet on July 31st, taking the place of fairing recovery stand-in GO Pursuit. (Tom Cross)
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- Merah Putih (formerly Telkom 4) seen preparing for launch in Florida. (SSL)
Even still, B1046’s debut launch, landing, and refurbishment were wholly unique considering that SpaceX – according to Elon Musk – conducted an extensive “teardown” analysis of the pathfinder rocket after it was transported from the drone ship back to one of the company’s Cape Canaveral refurbishment facilities. It’s very likely the case that that teardown was one of the most extensive SpaceX has done with a recovered rocket, couched on the fact that the company’s future is wholly balanced on Falcon 9 Block 5’s success and ease/efficiency of reusability.
That critical teardown process likely took anywhere from 30-60 days, if not simply as long as needed to do it right, after which the rocket was fully reassembled and transported to SpaceX’s Launch Complex 40 (LC-40). Roughly eight days after it arrived at LC-40, B1046 rolled out to the pad’s launch mount, went vertical, and completed a series of tests (including static fire) on Thursday (8/2) afternoon. The static fire was confirmed by a few observers, while Tom Cross captured the first unequivocal proof that the rocket is sooty (and thus B1046).
This moment may seem small on the scale of SpaceX’s many towering achievements, but it will very likely become a fundamental keystone in the future history of affordable access to space.
prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven) check out our brand new LaunchPad and LandingZone newsletters!
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In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
