News
SpaceX’s next Falcon Heavy launch and landing could be more than a year away
According to comments made by US Air Force officials prior to SpaceX’s latest Falcon Heavy launch, the payload assigned to the military’s first fully-certified Falcon Heavy has been swapped with another, although the mission’s late-2020 launch target remains relatively unchanged.
This new information comes on the heels of the June 25th launch of Space Test Program 2 (STP-2), SpaceX’s third successful Falcon Heavy mission and a huge milestone for the rocket’s future as a competitive option for US military launches. Perhaps most importantly, it confirms – barring a surprise launch contract or internal Starlink mission – that Falcon Heavy’s next (and fourth) launch is unlikely to occur until late next year, a gap of at least 15-17 months.
Announced roughly four months after Falcon Heavy’s inaugural February 2018 launch debut, the USAF contracted with SpaceX to launch the ~6350 kg (14,000 lb) AFSPC-52 satellite no earlier than (NET) September 2020. In February 2019, Department of Defense contract announcements revealed that SpaceX had been awarded three military launch contracts, two for the National Reconnaissance Office (NROL-85 & NROL-87) and one for the USAF (AFSPC-44), all tentatively scheduled to launch in 2021.
First reported by Spaceflight Now, Col. Robert Bongiovi – director of the launch enterprise systems directorate at the Air Force’s Space and Missile Systems Center (AFSMC) – recently indicated that AFSPC-44 – not AFSPC-52 – is now scheduled to be the US military’s first post-certification Falcon Heavy launch. 52 and 44 have essentially swapped spots, with AFSPC-44 moving forward to NET Q4 (fall) 2020 while AFSPC-52 has been delayed to NET Q2 (spring) 2021.
The trouble with launch gaps
Although Bongiovi did not explicitly state that AFSPC-44 will be SpaceX’s next Falcon Heavy launch, there are no publicly-disclosed missions set to launch on the rocket in the interim. That could theoretically change, especially if SpaceX has plans to launch the massive rocket in support of an internal Starlink mission or even something more exotic, but the loss of both Block 5 center core B1055 and B1057 means that the company will have to build an entirely new center core.
SpaceX’s Falcon Heavy lead times are far superior to competitor ULA’s Delta IV Heavy production line, but the process of manufacturing new center cores is still quite lengthy. Critically, Falcon Heavy Block 5 center cores require strengthened octawebs, custom interstages, and propellant tanks that are significantly thicker than those used on Falcon 9. For all intents and purposes, a center core is a totally different rocket relative to a Falcon 9 booster, the latter being SpaceX’s primary focus at the company’s assembly line-style Hawthorne factory. It’s theoretically possible for a dedicated Falcon Heavy center core build to be expedited or leapfrogged forward in the production queue, but most long-lead Falcon 9 booster hardware physically cannot be redirected to speed up center core production.
Unless SpaceX was already in the process of building a new center core prior B1057’s unsuccessful landing attempt, it’s safe to assume that the next custom Falcon Heavy booster is unlikely to be completed until early 2020, if not later. In theory, this means that Falcon Heavy could be dormant for no less than 16 months between STP-2 and its next launch. Traditionally, that sort of lengthy gap between launches has been frowned upon by NASA, ULA, and oversight groups like GAO. If a given rocket doesn’t launch for a year or more, it can potentially pose a risk to reliability and raise costs as its production and launch teams have no satisfactory way to fully preserve their technical expertise.
This can be compared to attempting to become an expert at a musical instrument while only having access to said instrument one or two months a year, essentially impossible. In fact, at one point, NASA hoped to require its Space Launch System (SLS) rocket be able to launch no less than once per year, partly motivated by a desire to mitigate some of the deterioration that can follow extremely low launch cadences. Years later, financial constraints and years upon years of delays and budget overruns have made such a cadence effectively impossible for SLS/Orion, but the fact remains that launching a rocket just once every 18-24 months is likely to inflate both costs and risks.
Thankfully, SpaceX’s Falcon Heavy could scarcely be more different than NASA’s SLS and the retired Space Shuttle it derives most of its hardware from. Even if all things are held equal and not flying a Falcon Heavy center core for 16+ months increases risk and cost, center cores are still heavily derived from Falcon 9 booster technology, including plumbing, avionics, attitude control thrusters, Merlin 1D engines, landing legs, and launch facilities.
Furthermore, the center core is just one of five distinct assemblies that make up a given Falcon Heavy. Both side boosters are effectively Falcon 9 Block 5 boosters with nose cones instead of interstages and slight modifications to support booster attachment hardware, while the upper stage and payload fairing are the same for all Falcon launches. In other words, SpaceX’s workforce will continue to build, launch, land, and reuse dozens of Falcon 9 boosters – as well as upper stages payload fairings – between now and Falcon Heavy Flight 4, even if it’s NET Q4 2020. In a worst-case scenario, SpaceX production and launch staff will be unfamiliar and inexperienced with maybe 20% of Falcon Heavy – at least in a very rough sense. Even then, much of that unfamiliarity may still be tempered by the fact that Falcon Heavy center cores share a large amount of commonality with the Falcon 9 first stages SpaceX’s workforce will remain deeply familiar with.
Indeed, Falcon Heavy’s second launch has already demonstrated this to some extent, occurring without issue more than 14 months after the rocket’s inaugural launch. It seems that the only real loss incurred by a ~16-month delay between Flights 3 and 4 will be having to wait another year (or more) to witness Falcon Heavy’s next launch.
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Elon Musk
Tesla Earnings: financial expectations and what we should to hear about
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects.
Tesla (NASDAQ: TSLA) will report its earnings for the first quarter of 2026 this evening after the market closes, and analysts have already put out their expectations from a financial standpoint for the company’s first three months of the year.
Additionally, there will be plenty of things that will be discussed, including the recent expansion of the Robotaxi program, the Roadster unveiling, and Full Self-Driving (Supervised) approvals across the globe.
Financial Expectations
Wall Street consensus expectations put Tesla’s Earnings Per Share (EPS) at $0.36, while revenues are expected to come in around $22.35 billion.
This would compare to an EPS of $0.27 and $19.34 billion compared to Tesla’s Q1 2025. Last quarter, EPS came in at $0.50 on $29.4 billion of revenue.
Tesla beat analyst expectations last quarter, but the next trading day, the stock fell nearly 3.5 percent. We never quite can gauge how the market will respond to Tesla’s earnings; we’ve seen shares rise on a miss and fall on a beat.
It really goes on the news, and investor consensus, it seems.
What to Expect
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects. Right now, the big focus of investors is the Robotaxi program, the Roadster unveiling, and what the outlook for Full Self-Driving’s expansion throughout Europe and the rest of the world looks like.
Robotaxi
Tesla just recently expanded its unsupervised Robotaxi program to Dallas and Houston, joining Austin as the first cities in the U.S. to have access to the company’s ride-hailing suite.
Tesla expands Unsupervised Robotaxi service to two new cities
Some saw this move as a quick effort to turn attention away from a delivery miss and an anticipated miss on earnings. However, we’ve seen Tesla be more than deliberate with its expansion of the Robotaxi suite, so it’s hard to believe the company would make this move if it were not truly ready to do so.
The company is also working to expand its U.S. ride-hailing service outside of Texas and California, and recently filed paperwork to build a Robotaxi-exclusive Supercharger stall.
Expansion is planned for Florida, Nevada, and Arizona at some point this year, with more states to follow.
Roadster Unveiling
The Roadster unveiling was slated for April 1, and then pushed back (once again) to “probably late April,” according to Elon Musk.
It does not appear that the Roadster unveiling will happen within that time frame, at least not to our knowledge. Nobody has received media or press invites for a Roadster unveiling, and given the lofty expectations set for the vehicle by Musk and Co., it seems like something they’d want to show off to the public.
The Roadster has become a truly frustrating project for Tesla and its fans; evidently, there is something that is not up to the expectations Musk and others have. Meanwhile, fans are essentially waiting for something that is six years late.
At this point, also given the company’s focus on autonomy, it almost seems more worth it to just cancel it, remove any and all timelines and expectations, and surprise people with something crazy down the line, maybe in two or three years. There should be no talk of it.
Full Self-Driving Global Expansion
We expect Musk and Co. to shed some details on where it stands with other European government bodies, as it recently was able to roll out FSD (Supervised) to customers in the Netherlands.
Spain is also working with Tesla to assess FSD’s viability as a publicly available option for owners.
With that being said, there should be some additional information for investors as they listen to the call; no talk of it would be a pretty big letdown.
Optimus
There will likely be a date set for the Gen 3 Optimus unveiling, and we’re hopeful Tesla can keep that date set in stone and meet it. Not reaching timelines is a relatively minor issue, but a company can only do this for so long before its fans and investors start to lose trust and disregard any talk about dates.
It seems this is happening already.
Optimus has been pegged as Tesla’s big money maker for the future. The goals and expectations are high, but it is a privilege to have that sort of pressure when investors know the company’s capability.
News
Tesla just unlocked sales to 50,000+ government agencies
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
Tesla just unlocked sales to over 50,000 government agencies by entering a new agreement with Sourcewell, a purchasing cooperative.
Tesla entered a new master purchasing agreement with Sourcewell, the largest government purchasing cooperative in the U.S. This will enable streamlined sales of its EVs to more than 50,000 U.S. public entities. Tesla entered Designated Contract 0813525-TES, and the agreement covers Model 3, Model Y, and Cybertruck, and potentially other vehicles the company could release.
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
The deal allows eligible agencies, including cities, school districts, state governments, and higher-education institutions, to purchase Tesla vehicles directly through Sourcewell without conducting their own lengthy competitive bidding or request-for-proposal (RFP) processes.
Pricing is pre-negotiated and capped, providing transparency and predictability. Agencies simply register for a Sourcewell account online or by phone and place orders under the existing contract. This cooperative model aggregates demand across thousands of members, reducing administrative costs and time while ensuring compliance with public procurement rules.
For Tesla, the agreement removes major barriers to government fleet sales. Public-sector procurement cycles often stretch 12 to 18 months due to bidding requirements and committee reviews.
Tesla buyers in the U.S. military can get $1,000 off Cybertruck purchases
By securing the master contract, Tesla gains immediate, simplified access to a massive customer base that previously faced friction in adopting EVs. The company highlighted in its announcement that the partnership will help these 50,000-plus agencies “save thousands of $$$ in operating costs for their vehicle fleet over time” through lower maintenance, energy efficiency, and the elimination of tailpipe emissions.
The initial four-year term runs through November 13, 2029, with options for up to three one-year extensions, offering long-term stability for both parties.
Sourcewell’s role is central to execution. As a cooperative purchasing organization, it negotiates and manages vendor contracts on behalf of its members, then makes them available nationwide. Participating entities contact Tesla’s dedicated fleet team or Sourcewell representatives to complete purchases, bypassing redundant paperwork.
This structure accelerates fleet electrification while maintaining fiscal accountability—agencies receive pre-vetted pricing and terms without reinventing the wheel for each vehicle order.
The partnership positions Tesla to capture a larger share of the public fleet market, where total cost of ownership often favors electric vehicles once procurement hurdles are removed.
For government buyers, it translates to faster deployment of sustainable fleets, reduced long-term expenses, and alignment with environmental mandates. As more agencies transition, the contract could contribute to broader EV infrastructure growth and taxpayer savings across the country.
Elon Musk
How much of SpaceX will Elon Musk own after IPO will surprise you
SpaceX’s IPO filing confirms Musk will maintain his voting power to make key decisions for the company.
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote.
Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing. Beyond that, the filing includes provisions that may limit shareholders’ influence over board elections and legal actions, forcing disputes into arbitration and restricting where they can be brought.
The case for Musk holding this level of control is grounded in SpaceX’s actual history. The company’s most important bets, from reusable rockets to a global satellite internet constellation, were decisions that ran against conventional aerospace thinking and would likely have faced resistance from a board accountable to investor gains. Fully reusable rockets were considered economically irrational by established industry players for years. Starlink, which now generates over $4 billion in annual operating profit, was widely dismissed as financially unviable when it was proposed. The argument for concentrated founder control seems straightforward, and the decisions that built SpaceX into what it is today required someone willing to ignore consensus and absorb years of losses.
SpaceX files confidentially for IPO that will rewrite the record books
For context, Musk’s position is significantly more dominant than Zuckerberg’s at Meta. The comparison with Tesla is also worth noting. When Tesla did its IPO in 2010, it did not issue dual-class shares. Musk has only recently pushed for enhanced voting protection, proposing at least 25% control at Tesla in 2024 after selling shares to fund his Twitter acquisition left him with around 13%.
SpaceX has clearly learned from that experience and structured the IPO differently by planning to allocate up to 30% of shares to retail investors, roughly three times the typical norm for a large offering. The roadshow is expected to begin the week of June 8, with a Nasdaq listing rumored to be a $1.75 trillion valuation and a $75 billion raise.
Tesla Earnings: financial expectations and what we should to hear about
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
