News
SpaceX set to launch its first previously-flown Block 5 rocket tonight
At the same time as SpaceX is readying its first Falcon 9 Block 5 booster reuse, the company’s second flight-proven Block 5 launch is already fast approaching and could be a strong contender to beat the company’s record of 72 days between launches of the same rocket.
A critical milestone for Falcon 9 Block 5
Formerly known as Telkom 4, SpaceX’s 1:18 AM EDT August 7th launch of the Merah Putih (Red and White in Indonesian) communications satellite will place the 5800 kg (12,800 lb) craft into a high-energy geostationary transfer orbit and will become the second heaviest GTO launch completed by SpaceX while still recovering the Falcon 9 booster. More importantly, however, Telkom 4 will also mark a critical milestone for Falcon 9 as the first reuse of a Block 5 booster.
https://twitter.com/_TomCross_/status/1025074341040533504
Designed to be many times more reusable and reliable than the already impressive Falcon 9 Full Thrust iterations preceding it, pathfinder booster B1046 could be capable of flying anywhere from 5, 10, or even 100 launches over the course of its flightworthy lifespan. It very well may require some considerable refinements to approach the true goal of orbital Falcon 9 launches with zero refurbishments between flights. CEO Elon Musk discussed those aspirations just before Block 5’s launch debut on May 11:
“We need to basically take the rocket from its landing pad, rotate it horizontal, stow the legs. Take it to the launch pad, attach an upper stage, attach a fairing with a payload. Then transport it out the launch pad, rotate it vertically, load propellant, and fly. And in principle, that is literally all that’s necessary.” – Elon Musk
This is understandably SpaceX’s goal, and it’s unlikely to happen just a few months after Block 5’s debut. Nevertheless, SpaceX appears to be already pushing the envelope of what they’ve previously accomplished with reusable Falcon 9s.
-
- B1046 lifts off for the first time on May 4th, 2018. (Teslarati)
-
- Falcon 9 B1046 returned to Port Canaveral aboard drone ship OCISLY on May 15. It will launch for the second time on August 4. (Tom Cross)
-
- Soon after, B1046 was spotted on its way to a refurbishment facility around a week after its May 11 launch debut. (Instagram /u/tersco)
Breaking records four months after launch debut
While B1046 is tracking towards a booster turnaround of roughly 92 days, compared with the current Block 4 booster record of 72 days, it’s worth noting that more than a majority of that time was likely spent in a state of unique analysis for the inaugural Block 5 rocket, involving extensive disassembly. As stated by Musk, “we need to take [B1046] apart to confirm that it does not need to be taken apart.” He also expected that teardown analysis to be “very rigorous”, indicating that B1046 probably deserves the crown for booster turnaround so long as one only accounts for time spent in transport and undergoing refurbishment.
Still, winning by a technicality is never any fun. On that note, SpaceX appears to be tracking towards a true record-breaking rocket reuse, potentially as few as 40 days between launches. Not one to let its other launch facilities be left out, this record-breaking turnaround attempt will occur on the West Coast with Falcon 9 B1048, the recovery of which has been extensively documented by Teslarati photographer Pauline Acalin over the last two weeks. NASASpaceflight.com confirmed that SpaceX intends to reuse B1048 for this mission for the NET mid-September launch and the record ~50 days between flights could help explain an unusually extensive and lengthy analysis of the rocket after it was lifted off drone ship Just Read The Instructions and placed on its dockside recovery stand.
-
- B1047 before the launch of Telstar 19V. (Tom Cross)
-
- Sooty B1047 arrives at Pad 39A’s horizontal integration facility (HIF), July 31st. (Reddit – Kent767)
-
- Falcon 9 B1048 ahead of its launch debut, July 25th. (Pauline Acalin)
-
- After a successful launch and landing, B1048 stands tall in Port of San Pedro before being lowered and transported for its next launch. (Pauline Acalin)
After 10 days of recovery operations and analysis, B1048 was transported to SpaceX’s Hawthorne factory on August 6th, where it will presumably undergo refurbishment in preparation for its next launch. If B1046 and B1048 are representative samples of SpaceX’s growing rocket fleet, their stunningly quick turnarounds (especially for a largely new rocket that debuted less than 3-4 months prior) are likely a sign of things to come as SpaceX gets a handle on the real-world capabilities of its robust Block 5 upgrade.
It’s entirely possible that every Block 5 reuse to come can and will break the previous launch turnaround record, at least up to the point that SpaceX demonstrates a true 24-hour turnaround sometime next year. Stay tuned…
For 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!
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.
Tesla reports Q3 Earnings today: here’s what to expect
SpaceX confirms Starship 15 launch window with massive ambitions
