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SpaceX on track for first four-launch month ever
With the first mission under its belt, SpaceX is on track to complete four orbital-class launches in a single month for the first time ever, an encouraging sign as it seeks to rapidly deploy its Starlink constellation.
A June 3rd launch of 60 Starlink v1.0 satellites – the seventh such mission – kicked off SpaceX’s potentially record-breaking month while also marking the first time a Falcon 9 booster has successfully launched and landed five times. Itself coming just a week after SpaceX successfully launched NASA astronauts to the International Space Station for the first time ever, the company has done the exact opposite of resting on its laurels after that historic achievement.
Aside from Starlink V1 L7, SpaceX has another two Starlink missions scheduled to launch no earlier than (NET) June 12th and 24th, as well as a critical US military GPS satellite launch NET June 30th. While the margins are exceptionally thin, there’s still a decent chance that June 2020 could wind up being SpaceX’s first four-launch month.
Of course, there are many, many reasons that that might not happen. SpaceX has completed more than two-thirds of its 88 successful launches in the last three and a half years, a little more than a third of the time Falcon 9 has been operational. In those 3.5 years, the company has managed to achieve three launches in a single month on four separate occasions – most recently in January 2020, while the closest SpaceX has come was four launches in 32 days in 2017. As such, a four-launch month wouldn’t exactly be game-changing relative to SpaceX’s past achievements, but it would leave the company on pace for 2020 to be its most productive year yet.
As of now, SpaceX has completed nine launches in a little over five months, pacing towards a tie with 2018, when it completed a record 21 missions. If SpaceX manages four – or even three – launches this month, its moving average for the year will jump to 22 or 24.
Regardless, a four-launch month is only possible this June because of SpaceX’s recent success upgrading a second drone ship – Just Read The Instructions (JRTI) for East Coast recovery operations. With Starlink V1 L9 and GPS III SV03 scheduled on June 24th and 30th, there would be no way for drone ship Of Course I Still Love You (OCISLY) to head out to sea, return after Starlink V1 L9, and return to its landing zone in the Atlantic in time for another booster recovery.
By completing its June 3rd East Coast debut and June 7th return to port, drone ship JRTI can now be considered operational and should offer a new level of flexibility to SpaceX, potentially enabling more than four drone ship landings in a single month. Add in SpaceX’s twin Cape Canaveral Landing Zones (LZ-1/2) and the company should soon have the ability to perform dozens of Falcon 9 launches annually in a repeatable, reliable fashion. At least for the next year or two, SpaceX should have no shortage of payloads – both commercial and internal – to launch as it gradually improves its launch cadence.
SpaceX has 14 commercial launches scheduled in the second half of 2020, while an additional 20-24 Starlink launches were planned around the start of the year. If the company can pull off three Starlink launches this month, it will be on track to complete ~18 this year – more than enough to begin a limited service roll-out to customers around the world. For now, Starlink V1 L8 is scheduled to launch no earlier than (NET) ~5:30 am EDT (09:30 UTC) on Friday, June 12th. Falcon 9 booster B1059, an expendable upper stage, and 60 new Starlink satellites could roll out for their prelaunch static fire anytime within the next few days.
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Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Tesla CEO Elon Musk has responded to reports that Volvo is officially discontinuing the LiDAR sensor on two of its cars.
Volvo announced that it would officially scrap LiDAR systems on its EX90 and ES90 vehicles in various markets. In Norway, owners will get a €1,800 compensation for features that will never arrive due to this decision. There will be no option to remove the unit from vehicles, either.
The issue stems from Volvo’s supplier, Luminar, and its bankruptcy filing. Luminar will no longer be able to supply LiDAR units to Volvo for the EX90 and ES90, effectively axing any use the unit has on vehicles. Volvo will phase out the data collection processes via the LiDAR system, and it will not be utilized whatsoever.
Musk saw the story on X and responded, stating:
“I did try to warn them. Humans drive using neural nets and optical sensors. Same is true for robot cars.”
I did try to warn them.
Humans drive using neural nets and optical sensors. Same is true for robot cars.
— Elon Musk (@elonmusk) July 29, 2026
Musk has been publicly vocal about his disdain for LiDAR systems, once calling them “a fool’s errand,” as he has consistently kept the outlook that they are not needed for effective self-driving.
The typical example used as evidence for this by Musk is humans themselves: made with only eyes and memories, humans are capable of navigating a car by using what they can see and what they’ve personally experienced on the road.
Elon Musk argues lidar and radar make self driving cars more dangerous
“Same is true for robot cars,” Musk says, as Teslas have eight exterior cameras that help see everything surrounding the vehicle, and a neural network that analyzes behavior and tendencies with every mile driven.
Tesla is a vision-only self-driving company that ditched sensors and radar several years ago in favor of cameras. Behind this effort, the company has established a reputation for having one of the most robust self-driving platforms in the world.
Musk’s big bet with Tesla on its self-driving program’s strategy has widely paid off. Other companies continue to utilize things like LiDAR, radar, and sensors for effective self-driving, but Tesla has shown that there is more than one way to give consumers a strong and accurate driver assistance suite.
The real question is: who will be the first company to take Musk’s advice and attempt a self-driving platform based on cameras only, or even license FSD for themselves?
Elon Musk updates the SpaceX timeline for Mars
SpaceX gets an absolutely crazy price target after rough IPO
