News
SpaceX lifts soggy Falcon 9 Block 5 booster ashore after accidental splashdown
Independent group USLaunchReport has published a video capturing the entirety of SpaceX’s ad hoc East Coast Falcon 9 recovery operations, in which forlorn booster B1050 had to be carefully extracted out of the ocean after an unintentional soft-landing in the Atlantic following its successful Dec. 5 launch debut.
72 hours after B1050’s water landing and some painstaking preparation, the booster was towed to SpaceX’s dock space in Port Canaveral, where it spent just a brief few hours floating adjacent to drone ship Of Course I Still Love You and the rest of the company’s Florida fleet. Considerably less than twelve hours after arriving, technicians had already managed to lift the rocket out of the ocean and onto dry land, where another week or so was spent preparing Falcon 9 for transport.
Given the extent of the damage to the Block 5 booster’s interstage and the basic fact that SpaceX recovery technicians and engineers had never attempted anything quite like it before, it was fairly impressive that they took barely six hours to lift the booster out of the water, particularly considering that the rocket appeared to be filled with hundreds or even thousands of gallons of water. No visible damage was caused, although there was clearly some cause for extensive discussion and preparation per an unusually large and lengthy huddle of more than 30 employees prior to the beginning of the lift.
https://twitter.com/_TomCross_/status/1071886823721447424
Once on land, B1050 had an unusual sling placed exactly where the Falcon 9 booster’s liquid oxygen (LOx) and kerosene (RP-1) propellant tanks were welded together, apparently a location that is particularly sensitive to off-nominal X-axis stress. To give context, imagine bending a cardboard tube or straw in half instead of trying to push its ends together – Falcon 9’s structure is quite similar in concept. Built primarily 5mm-thick sheets of lithium-aluminum alloy, Falcon 9’s propellant tanks are extremely thin and light while also being aggressively optimized for vertical (up and down) loading, i.e. the forces experienced while accelerating (and eventually decelerating) through the atmosphere during launch and landing.
As a result, SpaceX almost always pressurizes the first stage propellant tanks of Falcon 9 with nitrogen whenever boosters are horizontal without physical support at their bendy centers. In the case of B1050, SpaceX almost certainly concluded that using its waterlogged umbilical ports to inject nitrogen into its tanks was too much of a risk without knowing the precise condition of the piping and the tanks themselves, opting instead to go with a simple sling to prevent damage from unintended bending. Thankfully, B1050 appears to have made it through its dry land ordeal even better than the time it spent in the Atlantic, suffering no visible damage whatsoever.
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- Sad interstage is sad. (Tom Cross)
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- An almost impossibly rare view. (Tom Cross)
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- That’s no boat… (Teslarati)
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- SpaceX technicians had to go through the normal process of Falcon 9 booster recovery at a decidedly abnormal 90 degree delta. (Tom Cross)
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- Falcon 9 B1050 was spotted at CCAFS near hangars SpaceX leases for refurbishment. (Instagram/anonymous)
Somewhere between December 14 and 15, the booster was at long last lifted onto SpaceX’s primary East Coast booster transporter and carefully drove the rocket to one of its 2-3 Cape Canaveral Air Force Station (CCAFS) refurbishment and storage hangars, avoiding detection by all but a few passersby. This could full well be the last we see (and even hear) of poor old Falcon 9 B1050, but there is still a decent chance that SpaceX hopes the entire rocket or major components can be easily salvaged.
Given the extreme care taken during the booster’s lift onto land and the week it spent having legs and grid fins removed, it can be definitively concluded that an effort will be made to save the entire vehicle (sans interstage). If it has managed to make it through the past two weeks largely unscathed, it may well become the first Falcon 9 to conduct a dedicated launch of multiple Starlink satellites sometime in the second half of 2019, at least according to CEO Elon Musk’s vague suggestion that it could fly on an “internal SpaceX mission”.
We may use it for an internal SpaceX mission
— Elon Musk (@elonmusk) December 5, 2018
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
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SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
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Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
