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SpaceX launches NASA mission to study black holes, dead stars, and more
SpaceX has successfully launched NASA’s Imaging X-ray Polarimetry Explorer telescope, paving the way for a unique aspect of black holes, a variety of dead stars, and other odd phenomena to be explored in unprecedented breadth and detail.
Marking the first time a NASA payload has launched on the fifth flight of a reused SpaceX rocket, Falcon 9 booster B1061 lifted off at 1am EST (06:00 UTC) to kick off the 330 kg (~730 lb) IXPE spacecraft’s journey to orbit. SpaceX’s workhorse rocket performed flawlessly. Just over eight minutes after liftoff, Falcon 9’s upper stage completed the first of two planned burns, entering a low parking orbit. About thirty seconds later, Falcon 9 B1061 stuck its fifth drone ship landing in 13 months, marking the end of another successful high-profile launch for the booster and ensuring that it will be able to complete many more such launches over the next few years.
The first portion of the launch completed, Falcon 9’s upper stage then coasted in orbit for about 20 minutes before ignited for one last (very expensive) burn to place IXPE in its desired orbit. Known as a plane or inclination change, the maneuver – especially when performed deep in a large gravitational well – is exceptionally expensive, requiring an unintuitively large amount of launch vehicle performance (known as delta-V). The reason: IXPE’s nominal orbit is almost exactly equatorial, which Falcon 9’s Cape Canaveral launch site is about 28.5 degrees north of.
Lowering that inclination after launch requires a very energetic maneuver. Before Falcon 9 beat it out for the launch contract, IXPE was expected to launch on Orbital ATK’s air-launched Pegasus XL rocket, which would have allowed IXPE to be launched at the equator. However, SpaceX ultimately submitted a bid to launch IXPE for just ~$50M – cheaper than its competitor despite the fact that Falcon 9 is more than 20 times larger and could potentially launch an entire Pegasus XL into orbit. However, while Falcon 9 is designed to launch almost 23 tons into orbit in an expendable configuration and more than 16 tons with booster and fairing recovery, it’s only capable of launching about 1-2 tons to IXPE’s desired combination of an equatorial inclination and a ~600 km (~370 mi) orbit.
Ultimately, Falcon 9 completed the inclination change without issue, marking the successful completion of its first equatorial launch ever and SpaceX’s 28th successful launch in 2021 alone. Unlike a significant majority of spacecraft, IXPE was launched directly into its operational orbit and will likely need just a few days to refine its position and a few weeks after that for ground controllers to verify the health of all its systems and deploy a 4m (`13 ft) long ‘boom’ needed to operate its unique telescope.
If or when everything is up and running, IXPE will spend a minimum of two years observing at least 50 of the weirdest objects and phenomena in the universe. While many of those objects can’t be directly imaged, IXPE’s goal is to analyze the polarization of X-rays – high-energy beams of radiation – they produce at sensitivities two orders of magnitude greater than any previous experiment. In theory, that should allow IXPE to put long-held laws of relativity and quantum physics to the test in some of the most extreme environments in the universe, including particularly exotic nebulae (giant gas clouds), black holes, and bizarre neutron stars (including lighthouse-like pulsars and magnetars – dead stars with magnetic fields strong enough to compress atoms into cylindrical rods and make the actual vacuum of space refract light like a crystal).
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
