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SpaceX’s first NASA astronauts to receive Space Medal of Honor for Dragon test flight
NASA says that the astronauts responsible for SpaceX’s first crewed Dragon test flight will be awarded the Congressional Space Medal of Honor for their bravery.
Kamala Harris, the sitting US Vice President and Chair of the National Space Council, will bestow the exceptionally rare awards to former NASA astronauts Douglas Hurley and Robert Behnken in a ceremony on Tuesday, January 31st. NASA will stream the event live on all social media platforms and its own NASA TV service, beginning around 4:15 pm EST (21:15 UTC).
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Since Congress authorized the Congressional Space Medal of Honor in 1969, it has been awarded just 28 times. Just 11 went to living astronauts, while the other 17 were awarded posthumously: to the three NASA astronauts killed in the 1967 Apollo 1 accident and the 14 astronauts killed in the Space Shuttle’s 1986 Challenger disaster and 2003 Columbia disaster. Former President George W. Bush awarded the most recent medal to Robert L. Crippen, the first Space Shuttle pilot, in 2006.
NASA notes that “despite the medal’s name, the President awards this medal based upon recommendations from the NASA Administrator,” indicating that Administrator Bill Nelson selected Behnken and Hurley for the honor. It’s difficult to imagine a pair of astronauts more worthy of ending the 16-year gap since the last Space Medal of Honor was awarded.
Prior to the Dragon test flight they will be honored for, Behnken and Hurley had storied careers in the US military and at NASA. Bob Behnken earned a PhD in mechanical engineering from Caltech in 1997 and eventually became a lead flight test engineer in the US Air Force’s F-22 Raptor program. He was selected as a NASA astronaut candidate in 2000 and flew two Space Shuttle missions in 2008 and 2010. In 2012, Behnken was chosen to lead NASA’s prestigious Astronaut Office, and did so for three years before he began training for the Commercial Crew Program.
Doug Hurley earned a Bachelor’s degree in civil engineering in 1988 and received a commission in the US Marine Corps upon graduating. He made three deployments as an F/A-18 pilot and later became a Navy Test Pilot in 1997. Hurley was “the first Marine pilot to fly the F/A-18 E/F Super Hornet” and has experience flying more than 25 types of aircraft. He was also selected to become an astronaut in 2000 and flew on two Space Shuttle flights, including the Shuttle’s 135th and final mission in 2011.
In 2018, Bob Behnken and Doug Hurley were assigned to SpaceX’s first crewed Crew Dragon test flight. Leaning on their histories as pilots and engineers, they worked with SpaceX for multiple years before the company’s historic astronaut launch debut. Their input lives on today throughout SpaceX’s Dragon program, from the spacecraft’s design and interior to how the company trains private and public astronauts.
On May 30th, 2020, Bob Behnken and Doug Hurley became the first NASA astronauts to lift off from US soil since the Space Shuttle’s 2011 retirement and the first astronauts in history to ride a privately-developed rocket and spacecraft into orbit. Defying expectations, Crew Dragon beat Boeing’s Starliner spacecraft to the punch and performed (more or less) flawlessly throughout its Demo-2 test flight.
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NASA was so confident in SpaceX – and encouraged by Crew Dragon’s initial performance – that Demo-2 was extended from a minimum duration of about a week to 62 days. After two months in orbit, Crew Dragon successfully undocked from the International Space Station (ISS), deorbited, reentered Earth’s atmosphere, deployed parachutes, and gently splashed down in the Gulf of Mexico – safely returning Behnken and Hurley to Earth.
The highly successful test flight allowed NASA to rapidly certify Dragon. Less than four months later, another Crew Dragon spacecraft lifted on a Falcon 9 rocket on SpaceX’s first operational astronaut ferry mission for NASA. More than two years later, Boeing’s Starliner remains uncertified, and Crew Dragon is still the only spacecraft capable of sustaining the presence of NASA astronauts at the ISS. SpaceX is on track to launch its sixth consecutive astronaut ferry mission – Crew-6 – no earlier than February 26th.
The pressure on SpaceX and the importance of Crew Dragon to NASA cannot be overstated. In a nontrivial sense, NASA and SpaceX would not have Crew Dragon’s essential – and currently irreplaceable – capabilities without the work done and risks taken by Behnken and Hurley. Had either astronaut made a significant mistake or faltered during Dragon’s Demo-2 test flight, the state of US human spaceflight could be significantly worse off than it is today. Instead, the astronauts played their parts to perfection and helped catapult SpaceX, NASA, and the world into a new era of commercial human spaceflight.
Bob Behnken and Doug Hurley retired from NASA in 2021 and 2022, respectively. They will receive the 29th and 30th Congressional Space Medals of Honor.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
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.”
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.
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.
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.
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Tesla has one big financial question to answer for investors: Morgan Stanley
