SpaceX
SpaceX’s third Falcon Heavy launch is just one month away
SpaceX is exactly one month away from Falcon Heavy’s next scheduled launch, an important mission for the US Air Force known as Space Test Program 2 (STP-2). Carrying 24 satellites of various sizes, Falcon Heavy is scheduled to lift off for the third time as early as June 22nd.
In support of the mission, SpaceX will need to completely integrate Falcon Heavy and prepare the rocket for a routine static fire test approximately one week prior to launch, sometime in mid-June. STP-2 will be critical to both SpaceX and the USAF for a number of reasons, ranging from rocket reusability to the future of US military launch procurement.
ICYMI: LightSail 2 is set to launch next month aboard a #SpaceX Falcon Heavy! Our citizen-funded solar sail is officially scheduled to lift off on 22 June 2019: https://t.co/J2AC5JQ1Kr pic.twitter.com/lC1MJoeh3C— Planetary Society (@exploreplanets) May 21, 2019
Rapid Falcon Heavy reuse
From a technological standpoint, Falcon Heavy Flight 3 will be a milestone in large part due to its reuse of two Falcon Heavy side boosters, previously flown on April 11th as part of Falcon Heavy’s Arabsat 6A commercial launch debut. Around eight minutes after launching the ~6450 kg (14,200 lb) satellite on its way to an exceptionally high transfer orbit of 90,000 km (56,000 mi), side boosters B1052 and B1053 completed flawless landings at LZ-1 and LZ-2.
Both boosters were quickly ‘broken over’ (brought horizontal) and transported to Pad 39A’s main hangar for inspection and refurbishment. Relative to almost all other Block 5 boosters, Falcon Heavy Flight 2’s side boosters were subjected to a uniquely gentle reentry thanks to a lower velocity stage separation. As such, they should be easier to turn around than most, but given that the boosters are also acting as partial pathfinders for the reuse of actual Falcon Heavy hardware, they are unlikely to break any records.
Sadly, the first Falcon Heavy Block 5 center core – B1055 – was toppled in high seas while still aboard drone ship Of Course I Still Love You (OCISLY), cutting short any possibility of future reuses of the thoroughly scorched booster. For unknown reasons, be it an unrelated USAF requirement or SpaceX simply choosing caution, plans already accounted for a new center core flying on STP-2, although both Arabsat 6A side boosters were to be reused. Believed to be B1057, that new Falcon Heavy center core completed its Texas acceptance testing in late April and shipped to Cape Canaveral, Florida soon after.
An Air Force first
Aside from offering a chance for SpaceX to tie its 72-day Falcon 9 turnaround record twice, STP-2 has unexpectedly become a keystone of the US military’s interest in certifying flight-proven rockets for military launches. The USAF has described the reuse of Falcon Heavy boosters on STP-2 as a step forward for all future reusable launch vehicles, but the reality is that SpaceX is and will remain the only player in town until 2022 at the earliest. The next closest entrant – Blue Origin’s New Glenn rocket – is unlikely to be ready for its launch debut before late ’21 or early ’22. ULA’s “SMART” reuse of Vulcan rocket engine sections is unlikely to be ready before the mid-2020s, likely 2024-2026.
SpaceX, however, has already reused Falcon 9 boosters more than 20 times on orbital-class missions, and the frequency of reuse is only likely to increase with the introduction of the final major Falcon 9 and Heavy upgrade, known as Block 5. Designed with a nominal lifespan of 10+ launches, each booster can support a huge number of missions and also offers the potential to dramatically reduce launch costs down the road. Additionally, as noted by VP of Launch Reliability Hans Koenigsmann, SpaceX firmly believes that reliability will come hand in hand with routine reuse, as each recovered booster can serve as a treasure trove of data. Thanks to reusability, SpaceX can fill recoverable boosters to the brim with cameras and gather full-resolution telemetry otherwise inaccessible for an expendable rocket.
The matter of launch costs is not a particularly significant concern of the US military, mainly a consequence of the incredibly disproportionate relationship between the cost of launch and the cost the military satellite payloads. An excellent example of this disparity can be found in SpaceX’s December 2018 launch of the USAF’s first GPS III satellite: SpaceX’s launch contract cost $82M, while the Lockheed Martin-built spacecraft aboard cost no less than ~$600M.
However, reusable rockets are quite plainly the future of space launch, evidenced by SpaceX’s meteoric rise and rapid cannibalization of the global commercial launch market. As a partial result, the survival of ULA – a Lockheed Martin-Boeing cooperative that builds the Delta IV and Atlas V rockets – is almost completely dependent upon military development and launch contracts. Blue Origin, however, is now offering the promise of an independently stable launch provider thanks to continual funding from owner Jeff Bezos, and reusability will be an absolute necessity if its massive New Glenn rocket is to succeed.
In short, the USAF is faced with a simple proposition: get behind reusable rockets or risk falling behind. SpaceX is more than happy to ease the conservative military branch into the new era, and Falcon Heavy’s STP-2 launch will be a major step in the right direction. Thanks to its reuse of two side boosters, Air Force officials will be able to observe the process of rapid refurbishment firsthand, providing information they will then use to develop certification requirements for flight-proven rockets. More generally, STP-2 will also act as a dedicated demonstration that SpaceX and the USAF will use to fully certify Falcon Heavy for military launches, hopefully ending Delta IV Heavy’s decade-long monopoly over military heavy lift.
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Elon Musk
NASA watchdog says Starship development delays could affect Artemis timeline
The report noted that several technical milestones still need to be completed before Starship can serve as a crewed lunar lander.
A NASA watchdog report stated that continued development work on SpaceX’s Starship could affect the timeline for the agency’s planned Artemis moon missions. The report noted that several technical milestones still need to be completed before the spacecraft can serve as a crewed lunar lander.
The findings were detailed in a report from NASA’s Office of Inspector General, as noted in a report from Reuters.
NASA selected SpaceX’s Starship in 2021 to serve as the Human Landing System (HLS) for its Artemis lunar program. The vehicle is intended to transport astronauts from lunar orbit to the surface of the Moon and back as part of future Artemis missions.
According to the watchdog report, Starship’s development has experienced roughly two years of schedule delays compared to earlier expectations. Still, NASA is targeting 2028 for the first crewed lunar landing using the Starship lander.
One of the most significant technical milestones for Starship’s lunar missions is in-space refueling.
To support a crewed lunar landing, multiple Starship launches will be required to deliver propellant to orbit. Tanker versions of Starship will transfer fuel to a storage depot spacecraft, which will then refuel the lunar lander.
The report noted that this approach could require more than 10 Starship launches to fully refuel the spacecraft needed for a single lunar landing mission.
NASA officials indicated that demonstrating cryogenic propellant transfer in orbit remains one of the most important technical steps before Starship can be certified for lunar missions.
SpaceX has conducted 11 Starship test flights since 2023 as the company continues developing the fully reusable launch system. A 12th test flight, this time featuring Starship V3, is expected to be held in early April.
Elon Musk
SpaceX weighs Nasdaq listing as company explores early index entry: report
The company is reportedly seeking early inclusion in the Nasdaq-100 index.
Elon Musk’s SpaceX is reportedly leaning toward listing its shares on the Nasdaq for a potential initial public offering (IPO) that could become the largest in history.
As per a recent report, the company is reportedly seeking early inclusion in the Nasdaq-100 index. The update was reported by Reuters, citing people familiar with the matter.
According to the publication, SpaceX is considering Nasdaq as the venue for its eventual IPO, though the New York Stock Exchange is also competing for the listing. Neither exchange has reportedly been informed of a final decision.
Reuters has previously reported that SpaceX could pursue an IPO as early as June, though the company’s plans could still change.
One of the publication’s sources also suggested that SpaceX is targeting a valuation of about $1.75 trillion for its IPO. At that level, the company would rank among the largest publicly traded firms in the United States by market capitalization.
Nasdaq has proposed a rule change that could accelerate the inclusion of newly listed megacap companies into the Nasdaq-100 index.
Under the proposed “Fast Entry” rule, a newly listed company could qualify for the index in less than a month if its market capitalization ranks among the top 40 companies already included in the Nasdaq-100.
If SpaceX is successful in achieving its target valuation of $1.75 trillion, it would become the sixth-largest company by market value in the United States, at least based on recent share prices.
Newly listed companies typically have to wait up to a year before becoming eligible for major indexes such as the Nasdaq-100 or S&P 500.
Inclusion in a major index can significantly broaden a company’s shareholder base because many institutional investors purchase shares through index-tracking funds.
According to Reuters, Nasdaq’s proposed fast-track rule is partly intended to attract highly valued private companies such as SpaceX, OpenAI, and Anthropic to list on the exchange.
Elon Musk
Starbase after dark: Musk’s latest photo captures a Spaceport on the brink of history
SpaceX’s Starbase city in Boca Chica, Texas is rapidly transforming the southern tip of the Lone Star State into one of the most ambitious launch complexes in history.
A striking nighttime photograph of SpaceX’s Starbase facility in Boca Chica, Texas, shared recently by Elon Musk on X, offers a dramatic glimpse of an operation that is rapidly transforming the southern tip of the Lone Star State into one of the most ambitious launch complexes in history.
The most immediately visible change in the photo is the presence of two fully erected Starship launch towers dominating the coastal skyline. The second orbital launch pad, known as Pad B, now features its fully erected tower, OLIT-3, which stands approximately 474 feet tall and incorporates an integrated water-cooled flame trench designed to minimize damage and reduce turnaround time between launches. The dual-tower silhouette against the night sky signals a decisive shift from experimental testing facility to high-cadence launch operations.
Grok Image concept of Elon Musk’s latest Starbase photo via X
Back at Starbase, Pad 2 is approaching hardware completion, with upgraded chopstick arms, a new chilldown vent system, and all 20 hold-down arms now fitted with protective doors to shield them from the intense exhaust of up to 33 Raptor 3 engines, according to a deeper dive by NASASpaceFlight.
SpaceX has also received approval to nearly double the footprint of the Starbase launch site, with groundwork already underway to add LNG liquefaction plants, expanded propellant storage, and additional ground support infrastructure.
The photo also carries a milestone civic dimension. Starbase officially became a Texas city in May 2025 after a community vote, with SpaceX employees elected as mayor and commissioners of the newly incorporated municipality. That legal status streamlines launch approvals and gives SpaceX direct control over local infrastructure decisions.
The FAA has approved an increase in launches from Starbase in Texas from five to twenty-five per year, clearing the runway for the kind of flight frequency needed to fulfill Starship’s ultimate mission of ferrying cargo and crew to the Moon, servicing the Department of Defense, deploying next-generation Starlink satellites, and eventually establishing Elon Musk’s long sought after goal of a self-sustaining human presence on Mars.
Seen from above in the dark, Starbase looks less like a test site and more like a spaceport.
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