SpaceX has rounded out its busiest July ever with a pair of Falcon 9 Starlink launches, simultaneously breaking its annual launch record less than seven full months into 2022.
The company has now completed six launches – five of which were Starlink missions – this month. The last two missions launched about 44 hours apart from opposite coasts of the United States – Starlink 3-2 from California’s Vandenberg Space Force Base (VSFB) on July 22nd and Starlink 4-25 from Florida’s Kennedy Space Center (KSC) on the 24th. Both Falcon 9 fairings and boosters were reused, as is now the norm. Both boosters also landed without issue, extending SpaceX’s record of consecutively successful landings to 59.
From the West Coast, booster B1071 helped launch 46 Starlink V1.5 satellites into a sun-synchronous (semi-polar) orbit. On the East Coast, Falcon B1062 sent 53 more Starlink V1.5 satellites on their way to a more equatorial orbit for its third Starlink mission overall.
All told, SpaceX managed to launch five batches of Starlink satellites and a Cargo Dragon spacecraft to the International Space Station between July 7th and July 24th – six Falcon 9 launches in 17 days. It’s the third time SpaceX has completed six launches in the same calendar month, but the first time the company has completed six launches in less than three weeks. The fact that Falcon 9’s launch cadence has come to feel so routine so quickly is nothing less than a testament to SpaceX’s excellence, as only one other rocket in the 65-year history of orbital spaceflight (the Soviet ‘Soyuz-U’) can still claim to have launched more in such a short period.
In fact, as previously reported, SpaceX itself is already making six launches in one calendar month seem ordinary. The company managed eight successful Falcon 9 launches in 30 days between June 17th and July 17th – narrowly falling short of Soyuz-U, which completed eight launches in less than 28 days in 1980.
What SpaceX can lay claim to with certainty, however, is consistently launching more satellites in short periods of time than any other country, agency, or company in history. In July, SpaceX launched 251 Starlink satellites, expanding its immense constellation by ~10%. SpaceX completed five Starlink missions in less than 30 days twice before, in May 2021 and 2022, with the former accounting for a record 292 Starlink satellites. Including non-Starlink payloads, SpaceX has technically launched 323 satellites in 27 days.
According to astrophysicist Jonathan McDowell, who independently monitors SpaceX’s satellites, 2665 working Starlink satellites are now in orbit, 2155 of which have reached operational orbits. 451 Starlink V1.5 satellites – all launched since April 2022 – are still in the process of raising their orbits and should be ready to join the operational constellation within a few weeks to three months.
Finally, Starlink 3-2 (July 22nd) was SpaceX’s 32nd launch of 2022, breaking its annual record of 31 launches (set in 2021) just 55% of the way into the new year. Every Falcon launch between now and the start of 2023 will set a new SpaceX record, which stands at 33 launches after Starlink 4-25. The company reportedly has up to seven Falcon 9 launches scheduled in August 2022.
Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
News
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
