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SpaceX wraps up Falcon 9 launch, sends drone ship to sea for the next one

One SpaceX drone ship leaves as another returns. (Richard Angle)

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SpaceX’s two East Coast drone ships have passed each other by as one returned from the company’s most recent Falcon 9 launch and the other headed to sea for the next one.

An unsurprising consequence of SpaceX’s extraordinary 2022 launch cadence goal, it just so happened that the company’s next launch was scheduled such that the upcoming Starlink mission’s drone ship left Port Canaveral at almost the exact moment that another drone ship was returning from its last launch. The timing was so perfect that the two converted barges sailed past each other just a thousand or so feet apart and just a few thousand feet outside of the mouth of the port both call home.

Drone ship Just Read The Instructions (JRTI) was returning to port after about a week at sea with Falcon 9 booster B1062, which successfully launched Egypt’s Nilesat-301 communications satellite into a supersynchronous geostationary transfer orbit (GTO) on June 8th. Heading in the opposite direction, drone ship A Shortfall of Gravitas (ASOG) – towed by support ship Doug – left port and began its journey about 650 kilometers (~400 mi) downrange to support Starlink 4-19, SpaceX’s next launch.

As one SpaceX drone ship returns to port, the other is towed out to sea. (Richard Angle)

Nilesat-301 was SpaceX’s 23rd launch of 2022 and Falcon 9 B1062’s seventh launch overall, as well as the booster’s sixth launch in less than 12 months. In early 2022, CEO Elon Musk announced that SpaceX was targeting an average of one launch per week throughout the calendar year. He later revised that target to 60 launches or 1.15 launches per week after a few months of undeniable success. Set in 2021, SpaceX’s annual record is 31 Falcon launches, followed by 26 in 2020. In 2022, SpaceX is on track to launch more than 26 times in the first half of the year. In fact, after Nilesat-301, the company has another five missions tentatively scheduled to launch in June for a total of 28 in H1 2022 if all manage to avoid significant delays.

Falcon 9 B1062 before, during, and after its seventh orbital-class launch and landing. (Richard Angle)

Starlink 4-19 is scheduled to launch from SpaceX’s NASA Kennedy Space Center LC-39A pad no earlier than (NET) 10:50 am EDT (14:50 UTC) on Friday, June 17th. SpaceX’s schedule for the mission will be exceptionally tight and likely offer few – if any – backup opportunities before the end of the month, owing to the company’s need to launch Cargo Dragon on a NASA space station resupply mission as early as June 28th. Unless CRS-25’s launch date has slipped again, the current schedule leaves SpaceX only a handful of days to convert Pad 39A back into its Dragon configuration immediately after Starlink 4-19.

While merely the 48th in a long line of dedicated Starlink internet satellite launches, Starlink 4-19 will be an important mission for SpaceX for a number of other reasons. First, it will be the 100th reuse of a Falcon booster since the first in March 2017. If all goes well, it will also mark SpaceX’s 50th consecutively successful Falcon booster landing. Perhaps most significantly, Starlink 4-19 could be Falcon 9’s 130th consecutively successful launch campaign – just four successes away from breaking the world record of 133 consecutive successes set by variants of Russia’s Soyuz/R-7 rocket.

SpaceX is also scheduled to launch Germany’s SARah-1 radar satellite and a group of rideshare payloads out of California no earlier than (NET) June 18th. Another mysterious launch is scheduled out of SpaceX’s LC-40 Cape Canaveral Space Force Station (CCSFS) pad as early as June 19th. Finally, two more Falcon 9 rockets are scheduled to launch the SES-22 geostationary communications satellite on June 27th or 28th and Cargo Dragon’s CRS-25 resupply mission on June 28th.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning

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Elon Musk addresses the crowd next to the new Tesla Roadster, which Tesla offers in Performance, Thrust and Rocket versions. (Image: Tesla/X)
Elon Musk addresses the crowd next to the new Tesla Roadster, which Tesla offers in Performance, Thrust and Rocket versions. (Image: Tesla/X)

Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.

Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.

But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.

Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds

Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:

“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”

Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.

Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”

Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.

Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.

What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.

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Investor's Corner

SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching

SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger

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SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.

The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures

All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.

If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.

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SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla

SpaceX president Gwynne Shotwell quietly followed Tesla on X, and merger watchers noticed right away.

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SpaceX President and COO Gwynne Shotwell has started following Tesla’s official account on X, a small change that landed in the middle of a very loud merger conversation. Whole Mars Catalog joked about it on Sunday.

A follow is not an announcement, and neither company has said anything about a deal. What gives the moment weight is the timing. Barclays analyst Dan Levy has told clients that an agreement could come before Tesla’s annual meeting, which must be held by December 6, with SpaceX as the buyer in an all stock deal, as we reported after the Roadster unveiling. Wedbush’s Dan Ives has stuck with a 2027 timeline.

Shotwell is the executive most worth watching if the two companies do move closer. When Musk was asked at the All In Summit why Tesla and SpaceX remain separate, Shotwell sat next to him and said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps. The businesses were integrating “faster than I thought,” she said, though “not fully integrated yet.” Her responsibilities have also grown since SpaceX absorbed xAI, and she now oversees operations that include Grok and the company’s AI compute buildout.

The financial links are already there. Tesla’s $2 billion xAI investment turned into a stake of less than one percent in SpaceX, the two share the Terafab chip project in Austin, and Musk exercised his 2018 Tesla options a week after SpaceX began trading, a sequence analysts flagged as giving SpaceX public shares to use in a deal. Musk holds about 20 percent of Tesla and controls 85.1 percent of SpaceX’s voting power, according to our earlier breakdown.

The next test is close at hand. SpaceX reports its second earnings as a public company on Tuesday after the close, and Tesla follows on Wednesday. Musk told analysts in July that “we can’t talk about combining companies and that kind of thing on an earnings call,” so a direct answer is unlikely from either stage. Tesla shareholders can still submit and vote on questions through the Say portal until 4 p.m. EDT on Monday, and the merger is a recurring theme in the queue.

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