News
SpaceX sends OneWeb satellites to orbit on 55th launch of 2022
SpaceX has successfully launched the first of at least three missions for Starlink competitor OneWeb, completing its 55th launch of the year in the process.
Hopefully ending a strange series of delays that began last month, Falcon 9 lifted off from SpaceX’s NASA Kennedy Space Center LC-39A pad several days behind schedule on December 8th, 2022. The rocket performed perfectly, ascending for about nine minutes to reach a parking orbit around 400 kilometers (~300 mi) above Earth’s surface. B1069, Falcon 9’s flight-proven booster, shut down, separated from the upper stage, flipped around with cold-gas thrusters, and began boosting back to the Florida coast two and a half minutes after liftoff.
Thanks to the launch’s timing, which happened moments after sunset, B1069 first experienced sunset on the ground, ascended back into the light after liftoff, and finally experienced a second sunset while racing back to Earth – all beautifully captured by SpaceX tracking cameras. Eight minutes after liftoff, the Falcon 9 booster touched down on SpaceX’s LZ-1 landing pad, completing its fourth orbital-class launch in 12 months. Around the same time, Falcon 9’s upper stage reached orbit.
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
An hour after liftoff, the upper stage ignited a second time to circularize its parking orbit. Its payload – a record 40 OneWeb satellites weighing roughly 6.5 metric tons (~14,300 lb) – was then deployed in two sets of 13 and one set of 14 over the next half hour, after which the upper stage likely performed a deorbit burn to ensure it doesn’t become space debris.
For its own Starlink internet constellation, SpaceX routinely launches 54+ satellites – weighing almost 17 tons (~37,000 lb) – at once, demonstrating the kind of efficiency that can be achieved when a satellite is explicitly designed to use as much of Falcon 9’s performance as possible. To some extent, OneWeb did something similar, but for a different rocket. OneWeb’s far more traditional 150-kilogram (~330 lb) satellites were loosely designed to launch on Russia’s Soyuz 2.1 after the company purchased up to 21 of the rockets for $1-1.5 billion in 2015.
But their more traditional hollow-box design and traditional cylindrical payload dispenser means they take up as much or more space than Starlink satellites despite weighing 50-100% less. OneWeb says each satellite provides up to 7 gigabits per second (Gbps) of bandwidth, while each Starlink V1 satellite appears to have about 20 Gbps.
As previously discussed on Teslarati, OneWeb directly competes with SpaceX’s far larger Starlink internet constellation, and refused to engage with the company for launch services – even though Falcon 9 could have likely deployed its satellites more quickly and efficiently – until it was forced to.
“The only reason OneWeb agreed to launch a small subset of its first-generation satellites on SpaceX rockets was a series of egregious actions from Russia that made the pair’s exclusive arrangement too toxic to continue. In June 2015, just 16 months after Russia illegally invaded Ukraine’s Crimea and Donbas regions, OneWeb chose to tie itself at the hip to the unstable aggressor with a firm $1-1.5 billion contract that committed the entirety of its first satellite constellation to 21 Russian Soyuz rockets.
OneWeb nearly escaped consequences from that dubious decision. But in February 2022, Russia doubled down on eight years of small-scale war and Ukrainian occupation with a full-scale, gloves-off invasion with explicit genocidal intent. Europe eventually responded in part with economic sanctions and military supplies that Russia did not appreciate. In response, Russia took a batch of 36 OneWeb satellites hostage, stole the Soyuz rocket OneWeb had already paid for, and killed any possibility of the company completing the six or seven Soyuz launches left under its Arianespace contract. In September 2022, OneWeb announced that it had written off a loss of $229 million as a result of those stolen satellites and rockets.”
Teslarati.com — December 6th, 2022
OneWeb was thus forced to either accept major delays while waiting for European launch options or look elsewhere. OneWeb was able to secure two contracts for India LVM3 rockets, each carrying 36 satellites, but the company chose SpaceX – the only Western launch provider in the world with large amounts of near-term capacity to spare – to launch three batches of 40 satellites.
After its first SpaceX launch, OneWeb should have 500 working satellites in orbit. Another LVM3 launch and two Falcon 9 launches should leave the company with 616 of 648 planned satellites in orbit. It’s unclear how OneWeb intends to launch the 32 remaining satellites.
OneWeb Flight 15 was SpaceX’s 55th successful launch of 2022, leaving the company just five launches away from achieving a 60-launch target set by CEO Elon Musk in March. Following an unintentional 12-day gap between launches caused by several delays, it’s no longer clear if SpaceX can hit that target. SpaceX has never launched later than December 23rd, and it’s extremely unlikely that the company will be able to launch five more times in the next 15 days. Even if it can break through that apparent barrier, it’s also almost impossible to imagine that SpaceX will be able to launch five more times before the end of the year if each mission continues to suffer days or weeks of technical delays.
Originally scheduled to lift off on November 22nd, 29th, 30th, and December 7th, SpaceX’s next mission – carrying a private Japanese Moon lander – is scheduled to launch no earlier than December 11th. After HAKUTO-R, Spaceflight Now reports that SpaceX has another four launches tentatively scheduled this month.
Rewatch SpaceX’s first OneWeb launch here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.
Tesla reports Q3 Earnings today: here’s what to expect
SpaceX confirms Starship 15 launch window with massive ambitions
