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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.
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- B1046 lifts off for the first time on May 4th, 2018. (Teslarati)
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- 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)
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- 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.
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- B1047 before the launch of Telstar 19V. (Tom Cross)
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- Sooty B1047 arrives at Pad 39A’s horizontal integration facility (HIF), July 31st. (Reddit – Kent767)
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- Falcon 9 B1048 ahead of its launch debut, July 25th. (Pauline Acalin)
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- 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 has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
