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SpaceX breaks pad turnaround record with two Falcon 9 launches in six days
SpaceX has completed its 43rd launch of 2022 and 62nd dedicated Starlink launch overall, breaking a launch pad turnaround record in the process.
That pad – Cape Canaveral Space Force Station (CCSFS) Launch Complex 40 (LC-40) – is the single most important cog in SpaceX’s Falcon 9 launch machine, significantly increasing the significance of what might otherwise be ‘just’ another broken record for a company that is famous for never settling.
Following several delays linked to another weather-plagued Starlink launch (4-34) that flew out of the same pad, a Falcon 9 rocket lifted off from LC-40 on SpaceX’s Starlink 4-35 mission at 7:32 pm EDT (23:32 UTC), Saturday, September 24th. As usual, the mission used a flight-proven Falcon 9 booster (B1073), two flight-proven payload fairing halves, and an expendable second stage. As usual, all four components performed flawlessly, and a new batch of 52 Starlink V1.5 satellites was deployed about 15 minutes after liftoff.
Just the latest of dozens completed since May 2019, SpaceX’s Starlink missions have become extraordinarily routine – a testament to the company’s relentless pursuit of perfection, given just how difficult it is to successfully launch a rocket once. 62 dedicated Starlink launches later, Falcon 9 has successfully delivered every single Starlink satellite it has ever carried (almost 3400 spacecraft) into the proper orbit, losing only two boosters in the process.
But even though the missions have become routine, SpaceX has spent every waking second optimizing its rockets and operations to squeeze more performance and more cadence out of each part. The results can only be described as a resounding success. In 2018 and 2019, SpaceX launched an average of 17 Falcon rockets per year. SpaceX’s annual cadence grew to 26 launches in 2020 and 31 in 2021.
That progress pales next to the cadence SpaceX is on track to achieve in 2022. In less than nine months, the company has completed 43 Falcon 9 launches. Before the end of July, barely six months into the year, SpaceX had beaten its annual record of 31 launches. If it can maintain the same average pace it’s sustained over the last 12 months, SpaceX could realistically complete 58 Falcon launches in 2022. If it continues the even more impressive pace it’s achieved in Q3 (~17 launches), it could manage 60+ launches this year.
Only one other rocket family in history (the Soviet R-7) has successfully completed more launches in a calendar year.
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SpaceX, of course, has no plans to accept the potentially record-breaking launch cadence it’s achieved as a new status quo. Just two-thirds of the way through 2022, CEO Elon Musk revealed that SpaceX is targeting up to 100 launches in 2023. As previously reported on Teslarati, while that figure seems implausible at first glance, it was still within the realm of possibility given SpaceX’s already established capabilities.
Just a few weeks later, Musk’s 100-launch target has gone from barely within reach to a serious – if still unlikely – possibility thanks to the record SpaceX broke with Starlink 4-35. SpaceX’s latest Starlink mission lifted off from LC-40 just 5.97 days after Starlink 4-34 launched from the same pad, smashing its old turnaround record (7.67 days) by almost 25%.
For LC-40, already SpaceX’s workhorse pad and the source of the company’s fastest pad turnaround, the new record means, in theory, that one of its three pads can now singlehandedly support up to 60 Falcon 9 launches per year. Assuming that any launch pad can or will sustainably operate close to its record turnaround time for an entire year would be unwise. But, at minimum, the new record gives SpaceX new margins that it can use to significantly increase LC-40’s annual cadence in a more sustainable way. In 2022, LC-40 has averaged 12.7 days per launch. In Q3, it’s on track to average about 10.3 days per launch.
Most importantly, there’s evidence that SpaceX didn’t simply manage a heroic one-time feat with Starlink 4-35. Confirmed by Next Spaceflight, Ben Cooper, and airspace restriction filings, SpaceX has tentative plans to launch Starlink 4-36 from LC-40 as early as 6:36 pm EDT on Friday, September 30th – a turnaround slightly faster than the new record. Another Falcon 9 launch out of LC-40 – EchoStar’s Galaxy 33/34 mission – could follow Starlink 4-36 as early as October 5th, although that mission is more likely to slip a day or two.
There’s a big risk that Storm/Hurricane Ian will create unacceptable weather conditions, forcing SpaceX to delay the launch, but for now, there’s still a chance.
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.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
