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SpaceX, NASA finalize contract for second crewed Starship Moon landing
Around eight months after announcing its intention to do so, NASA has awarded SpaceX a contract for a second crewed Starship Moon landing as early as 2027.
Known as Option B, NASA has exercised a baked-in right to modify its Human Landing System (HLS) Option A contract with SpaceX – signed in April 2021 – to extract even more value from investments into the program. In addition to an uncrewed Starship Moon landing planned no earlier than (NET) 2024 and a crewed demonstration that could land two NASA astronauts on the Moon as early as 2025, NASA’s contract modification gives SpaceX the approval and resources it needs to prepare for a second crewed Starship Moon landing.
On top of securing NASA’s Artemis IV mission astronauts a ride to the lunar surface, the Option B contract will also allow SpaceX and NASA to pursue and demonstrate upgrades that will make Starship an even more capable and cost-effective Moon lander.
Update: NASA says that the Option B modification will cost $1.15 billion, raising the maximum value of SpaceX’s HLS contract to approximately $4.2 billion.
When NASA first announced its intention to add a second crewed Moon landing to SpaceX’s existing HLS contract, the agency couldn’t offer specific information about when that landing might occur or which Artemis mission it would be attached to. Part of the reason for that uncertainty was another announcement two months prior that NASA no longer expected a Moon landing to be paired with its Artemis IV (4) mission. And five days after a March 2022 announcement of plans for a second crewed Starship Moon landing, NASA seemingly reaffirmed that there would be a multi-year gap between Starship’s first crewed Moon landing (NET 2025; tied to Artemis III) and NASA’s second crewed Moon landing, which would use an unspecified lander.
But as of November 2022, NASA has thankfully abandoned plans to intentionally allow a gap between Moon landings. SpaceX’s Starship is now on contract to support back-to-back crewed Moon landings NET 2025 and 2027 as part of NASA’s Artemis III and Artemis IV missions. It’s unclear how or why NASA was able to make that change, but it’s a definite improvement over the alternative.
Additionally, NASA will work with SpaceX to debut new capabilities and improvements on Starship’s second crewed Moon landing. While the Artemis III landing will be about as barebones as possible, the Artemis IV Starship will be upgraded with the ability to transport more NASA astronauts (four instead of just two) and more cargo to the lunar surface. It’s not entirely clear, but NASA reportedly wants to land just ~180 kilograms (~400 lb) of cargo with the first crewed Starship, a vehicle likely capable of landing dozens of tons of cargo in addition to several astronauts. NASA hopes that future “sustainable” lander missions, a category that Starship’s Option B landing may or may not fall under, will transport up to one ton (~2200 lb) of cargo to and from the lunar surface.
Finally, the Artemis IV Starship will also be able to dock with NASA’s Lunar Gateway. Gateway is a small deep space station that will be located in a strange, high lunar orbit. It exists almost exclusively to give NASA’s Space Launch System (SLS) rocket and Orion crew capsule a destination they can both reach. The Orion capsule is almost twice as heavy as its Apollo counterpart and its European Service Module (ESM) offers less than half the performance of NASA’s retired Apollo Service Module. Combined, Orion is physically incapable of transporting itself (or astronauts) to the simpler low lunar orbits used by the Apollo Program.
Instead, NASA’s new Moon lander(s) have to pick up Orion’s slack. Starship will be responsible for picking up astronauts in a lunar near-rectilinear halo orbit (NRHO), transporting them to low lunar orbit, and returning them to NRHO in addition to landing on the Moon, spending a week on the surface, and launching back into lunar orbit.
Until it’s modestly upgraded in the late 2020s or 2030s, Gateway will be equally underwhelming. In fact, that’s part of the reason that Starship docking with the Gateway is in any way significant. SpaceX and NASA have decades of expertise docking and berthing spacecraft with space stations. But those spacecraft are typically smaller and lighter than the stations they were joining. Even after the Gateway is fully outfitted with a range of international modules, Starship will likely weigh several times more than the tiny station, making docking even more challenging than it already is.
Starship’s Moon lander variant could also have a cabin with hundreds of cubic meters of habitable space, while the Gateway is unlikely to ever have more than a few dozen. Having a Starship docked would thus immediately make the ultra-cramped station far more livable.
NASA says Artemis IV and the second crew Starship Moon landing will occur as early as 2027. But a ‘space prophet’ who predicted in 2017 that NASA’s SLS launch debut would slip from 2019 to “around 2023” and forecasted that SpaceX alone would win NASA’s Moon lander contract recently told Ars Technica’s Eric Berger that Artemis III, the mission before Artemis IV, is unlikely to launch before 2028. At the time, that source’s predictions verged on blasphemy, but they’ve ultimately proven to be eerily accurate. Only time will tell if their third ‘prophecy’ follows the same path.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Tennessee.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
