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SpaceX military launch cleared for historic rocket landing attempt
SpaceX officially has permission to perform a Falcon 9 booster recovery after its next launch for the US Air Force, now guaranteed to be the first time a rocket booster attempts to land during an operational launch for the US military.
Alongside their booster landing attempt confirmation, the USAF Space and Missile Systems Center (SMC) also posted the first official SpaceX video of a rocket acceptance test released in almost 2.5 years, a test it says was completed just days after the GPS satellite it’s scheduled to launch arrived in Florida. The very same Falcon 9 booster was shown off in unprecedented detail just last month and now SMC says that SpaceX fired up the rocket at its McGregor, Texas development facilities for a routine static fire on February 13th. The company is currently scheduled to launch its second USAF GPS III satellite – Space Vehicle 03 (SV03) – no earlier than 7am EDT (11:00 UTC), April 29th, a target set just days ago.
With the spacecraft in Florida and factory-fresh Falcon 9 booster successfully proofed, all that remains is for SpaceX to test and deliver the mission’s Falcon upper stage and payload fairing (if it hasn’t already). After the booster – believed to be B1060 – is inspected and its tanks are cleaned, it can also be packaged and transported by road the rest of the way to SpaceX’s Florida launch facilities, setting the company up for the critical mission and historic landing attempt.
While SpaceX has technically already landed Falcon 9 and Falcon Heavy boosters after its NROL-76 and STP-2 launches for the NRO and USAF, the company only officially began operational military launches once its Falcon 9 rocket was fully certified. STP-2, for example, was effectively high-stakes make-work designed to help the USAF fully certify SpaceX’s brand new Falcon Heavy rocket to launch expensive – verging on irreplaceable – military satellites.
Its first truly operational US military launch occurred in December 2018, when Falcon 9 booster B1054 was intentionally expended in support the USAF’s inaugural GPS III launch, successfully placing the first of 10 (or 32) planned upgraded navigation satellites into orbit. It’s believed that the USAF required such extreme safety margins (extra propellant and performance) that SpaceX couldn’t even attempt booster or fairing recovery. This made B1054 the first (and hopefully only) Falcon 9 Block 5 booster to launch without even the basic hardpoints needed to attach landing legs.
Effectively confirming that B1054’s demise was was a contrivance and by no means a technical necessity, the SMC announced on February 20th that SpaceX’s GPS III SV03 mission is officially “the first time a booster is planned to land on a drone ship during a NSS [National Security Space] launch.” Effectively identical to B1054 aside from the addition of grid fins and landing legs, this means that Falcon 9 booster B1060 will be able to attempt a landing aboard a SpaceX drone ship shortly after launch.
Just like GPS III SV01 satellite launched by SpaceX in December 2018 and the GPS III SV02 satellite launched United Launch Alliance (ULA) launched in August 2019, GPS III SV03 is a more than $500 million spacecraft designed to upgrade the US GPS navigation constellation. SpaceX has already won five (of five) competitively-awarded GPS III launch contracts thanks to its Falcon 9 rocket’s exceptionally competitive pricing, meaning that there is an excellent chance the company will win many more in the near future.
GPS III SV03 is one of 10 “Block IIIA” satellites to be launched between 2018 and 2026 and will be followed by another 22 “Block IIIF” satellites to be built by Lockheed Martin for ~$330M apiece. All 26 unassigned spacecraft will need launches of their own between now and the mid-2030s, worth anywhere from $1-2.5B to SpaceX if the company performs well on all five of its first contracts and continues to crush competitor ULA on launch costs.
With the USAF already demonstrably interested in supporting Falcon booster reusability and now open to SpaceX recovering Falcon 9 boosters after moderately-challenging GPS III launches, it’s safe to say that SpaceX’s ultra-competitive pricing is here to stay.
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Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Tennessee.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
