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Hurricane Ian delays SpaceX’s next NASA astronaut launch
Update: As Hurricane Ian begins to impact Kennedy Space Center, NASA and SpaceX have decided to extend Crew-5’s launch another 24 hours, pushing it to no earlier than (NET) 12:00 pm (16:00 UTC) on Wednesday, October 5th. Both partners will continue to monitor the situation and more delays may follow if the storm causes any relevant damage or flooding.
SpaceX and NASA have decided to delay Crew Dragon’s next astronaut launch from October 3rd to October 4th as Hurricane Ian rapidly approaches Florida’s west coast.
While the hurricane will land on the side of Florida opposite NASA’s Kennedy Space Center launch facilities, where SpaceX leases Pad 39A, it’s still expected to impact parts of the state’s east coast as a tropical storm. In response to forecasts of torrential rain and winds close to 60 mph (~95 km/h) as early as September 28th, NASA has locked down KSC.
The storm had already delayed the arrival of Crew-5’s four astronauts as NASA monitored the increasingly concerning weather system, and is now expected no earlier than (NET) September 30th. That leaves a nominal four days for the crew to run through a busy schedule of preflight testing – including a dry dress rehearsal launch simulation – following NASA’s decision to delay Falcon 9’s Crew-5 launch to 12:23 pm EDT (16:23 UTC) on Tuesday, October 4th.
In a September 26th press conference, NASA and SpaceX officials noted that everything within their control was looking great for the launch. Only two minor issues – one with welds on some of Falcon 9 booster B1077’s COPV pressure vessels and another with a carbon fiber composite joint on Crew-5’s flight-proven Dragon capsule – were still open, and neither was expected to be a problem for the launch.
The mission will ferry NASA astronauts Nicole Mann and Josh Cassada, Japanese (JAXA) astronaut Koichi Wakata, and Russian astronaut Anna Kikina to the International Space Station, where they will spend about five months maintaining the orbital outpost and conducting science. Upon arriving at the ISS, they will take over from astronauts Kjell Lindgren, Bob Hines, Samantha Cristoforetti, and Jessica Watkins, who will board their own Crew Dragon and depart the station five days later.
Attached to a new, expendable ‘trunk,’ the Crew Dragon spacecraft arrived at SpaceX’s Pad 39A processing hangar on September 23rd and was fully integrated with Falcon 9 (an expendable second stage and reusable booster) by September 26th. Falcon 9 booster B1077 will debut on the mission alongside Dragon capsule C210 (Endurance). Dragon C210 splashed down with four astronauts after its first mission, Crew-3, on May 6th, 2022, and will head to orbit a second time 155 days later. Dragon’s turnaround record is 137 days.
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Crew-5’s delay – possibly less than 24 hours – pales compared to Hurricane Ian’s other NASA impacts. Most significantly, the agency was forced to roll its first Space Launch System (SLS) Moon rocket back to shelter after playing a risky game of chicken with the storm. The rocket completed its third return to the Vehicle Assembly Building on September 27th, where a few aging or misbehaving components will need to be inspected, modified, or replaced. NASA administrator Bill Nelson anticipates that the rollback will likely delay the SLS rocket’s next launch attempt from early October to mid-November.
However, because NASA is not eager to launch SLS at night, which is where most of its November launch opportunities lie, there’s a good chance that the rocket’s next launch attempt will have to wait until November 22nd or later.
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
