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SpaceX’s first operational NASA astronaut mission (almost) ready for launch
SpaceX and NASA have completed the last major review standing between Crew Dragon and Falcon 9 and the duo’s operational astronaut launch debut, meaning that a routine static fire test is all that really remains.
On Thursday, November 5, the SpaceX Crew Dragon capsule – named “Resilience” – of the first operational SpaceX mission to and from the International Space Station (ISS) as a part of NASA’s Commercial Crew Program (CCP) arrived at the Launch Complex 39A hangar at the Kennedy Space Center.
SpaceX is one of two commercial partners that NASA works with to develop a reliable system of crew transportation to and from the International Space Station. Since the retirement of NASA’s space shuttle program, the United States has been reliant on Russia and its Soyuz program to fulfill the task of maintaining an American presence aboard the ISS. With SpaceX’s first operational CCP mission – dubbed Crew-1 – a new era of commercialized crewed spaceflight will be ushered in.
On November 10th, SpaceX and NASA officials convened for a press conference following the successful completion of the Crew-1 flight readiness review (FRR) – the last major review standing between the assembled hardware and liftoff. SpaceX senior director of Human Spaceflight Programs Benji Reed listed off an array of historic milestones crossed as part of the FRR, noting that the review’s completion means that NASA has officially certified SpaceX for operational astronaut launches, making it the first and only private company in the world capable of safely launching humans.
Additionally, Reed revealed that Crew-1 and Cargo Dragon 2’s imminent December 2nd launch debut will together ring in a potentially unprecedented era in commercial spaceflight. Crew-1 – barring surprises in orbit – will further mark the longest continuous American spaceflight ever, beating a record set by a Skylab mission in the early 1970s if Crew Dragon remains in orbit for the full planned 180-210 days.
“Over the next 15 months, we will fly seven Crew and Cargo Dragon missions for NASA. That means that starting with Crew-1, there will be a continuous presence of SpaceX Dragons on orbit. Starting with the cargo mission CRS-21, every time we launch a Dragon, there will be two Dragons in space – simultaneously – for extended periods of time. Truly, we are returning the United States’ capability for full launch services and we are very, very honored to be a part of that.”
Benji Reed, SpaceX – November 10th, 2020
On a more technical level, Reed noted that SpaceX has decided to replace a component of Falcon 9’s upper stage ‘purge system’ and will bring the whole rocket horizontal later today (November 10th). That swap will delay Falcon 9’s Crew-1 static fire from ~8pm today to ~8pm on Wednesday, November 11th. The Crew-1 mission remains on track to launch no earlier than (NET) 7:49 pm EDT, Saturday, November 14th.
The Crew’s All Here
Three days later, after departing Johnson Space Center via a chartered flight from Ellington Field on Sunday, November 8, the four crew members of the Crew-1 mission arrived in Florida by plane at Kennedy Space Center’s former space shuttle landing facility.
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Upon arrival, the crew members – NASA astronauts Victor Glover, Mike Hopkins, Shannon Walker, and Soichi Noguchi of the Japanese Aerospace Exploration Agency – were greeted by NASA Administrator Jim Bridenstine, Agency Deputy Administrator Jim Morhard, Kennedy Space Center Director Bob Cabana, and manager of JAXA’s ISS program, Junichi Sakai.
“Today we are taking another big leap in this transformation in how we do human spaceflight. What we’re talking about here is the commercialization of space. NASA is one customer of many customers in a very robust commercial marketplace in low-Earth orbit,” NASA Administrator Jim Bridenstine said.
Final Milestones Ahead of Flight
After arriving at their launch site in Florida, the four-member crew made the short journey to the LC-39A horizontal integration facility acquainting themselves with their “Resilience” Dragon capsule and the SpaceX Falcon 9 booster that will soon propel them to space. The Dragon capsule had been oriented horizontally and mated with the Falcon 9 first and second stages.
Initially targeting liftoff on October 31, the Crew-1 mission experienced a delay after the SpaceX GPSIII-SV04 B1062 Falcon 9 vehicle suffered an early start anomaly initiating an autonomous pad abort at T-2 seconds.
As the GPS B1062 and Crew-1 B1061 Falcon 9 vehicles were likely built simultaneously, SpaceX and NASA decided to take time to inspect all engines, as well as those of the upcoming NASA, European Space Agency Michael Freilich Sentinel-6 booster, B1063. After replacing a number of engines, both missions are on track to launch before the end of the month.
On Monday, November 9, SpaceX and NASA managers began the tedious process of completing a flight readiness review. The meeting that extends an entire day, or two, involves managers from SpaceX, NASA’s Commercial Crew Program, and the International Space Station program collaborating in discussion to conduct a joint pre-flight examination of all previous specialized reviews – such as ones done specifically for the Dragon capsule or the Falcon 9 booster. The meeting also serves as an opportunity for every department to discuss and close out any remaining concerns. The meeting began at 9 am on Monday, November 9, and concluded on Tuesday, November 10.
The B1061 Falcon 9 booster and Crew Dragon “Resilience” capsule were transported the short distance from the hangar to the launchpad ahead of the test firing of the nine Merlin 1D engines – a final test to certify all flight-critical hardware ahead of the launch attempt. Clearing the final hurdle before flight, SpaceX officially acknowledged that the Crew-1 mission is targeting liftoff at 7:49pm EST (0049 UTC on Nov. 15) on Saturday, November 14 from LC-39A at the Kennedy Space Center.
Following liftoff, the Dragon capsule “Resilience” will separate from the Falcon 9 first stage and continue to propel its crew on an uphill journey to rendevous with the ISS approximately seven and a half hours later.
Live hosted NASA and SpaceX coverage of the events will begin approximately three and half hours prior to liftoff at 3:30 pm EST and will be available on NASA TV and the SpaceX website.
Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.
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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
