SpaceX is set to make history by returning southern trajectory polar corridor launches to Florida’s Space Coast with the launch of the Argentine SAOCOM-1B radar observation satellite later this month. Tentatively set to get off the ground no earlier than Saturday, July 25 the SAOCOM-1B mission has suffered delays ranging from hardware processing and integration to international launch team travel restrictions as a result of the global coronavirus pandemic.
In late February 2020, the SAOCOM-1B satellite departed Argentina aboard a Russian Antonov AN 124 cargo aircraft and arrived at the Shuttle Landing Facility in Cape Canaveral, Florida. It was expected that launch and processing teams from Argentina’s National Commission for Space Activities (CONAE) would quickly follow to meet a March launch timeline. However, international travel restrictions imposed by the Argentine government in early March meant that SpaceX would have to wait an indeterminant amount of time to attempt the historic polar launch from Florida. As a result, the satellite was put into storage in one of SpaceX’s satellite processing facilities in Florida to await the arrival of its launch team.
A change in launch plans
The SAOCOM-1B satellite was initially thought to launch from Vandenberg Air Force Base (VAFB) in California just as its twin predecessor, the SAOCOM-1A satellite did in October of 2018. At the time VAFB was the only US-based launch site used for polar orbit launch corridor services. However, Cape Canaveral Air Force Station had previously announced the option to re-open a southern polar orbit launch corridor from Florida in 2017, a launch trajectory that hadn’t been used in over half a century.
The option of polar trajectory launches from Florida increased SpaceX’s capacity to streamline its launch manifest to the company’s dual launchpad locations on Florida’s East Coast. In 2019, as reported by Michael Baylor of NASASpaceflight.com, SpaceX formally requested to move the launch of the SAOCOM-1B satellite from VAFB to Florida utilizing a southern, coast-hugging dog-leg trajectory over Cuba to a final polar orbital inclination.
For those asking for a visual of what a southward, doglegged polar launch trajectory out of Cape Canaveral will look like, here you go. https://t.co/FTTW8mbq0J pic.twitter.com/59YXoERkQl— Chris G (@ChrisG_SpX) October 9, 2019
The SAOCOM-1B satellite will join its L-Band, synthetic-aperture radar (SAR) SAOCOM-1A sister satellite in a sun-synchronous orbit (SSO) – essentially an orbit over the poles of the planet that allows the solar arrays of the satellite to be in sunlight at any given time. The satellites operate in SSO and use L-Band and synthetic-aperture radar to create two-dimensional, all-weather Earth observation imagery to assist in global disaster-monitoring efforts. The sister satellites will also work in conjunction with a constellation of four Italian satellites already in orbit operated by COSMO-SkyMed.
Return to operational status
Following the easement of certain international travel restrictions in mid-July, a slim crew of 18 team members from CONAE and SAOCOM-1B satellite manufacturer INVstigacion APlicada (INVAP) was permitted to travel to Florida. The team members tested negatively for the COVID-19 virus prior to commercially traveling to Florida from Argentina, as well as, after their arrival at Miami International Airport. The team observed a two-week period of quarantine prior to traveling to SpaceX facilities at Cape Canaveral Air Force Station to begin pre-operational tasks.
On Monday, July 13 the team was able to get to work on launch campaign tasks with the satellite that had endured months of storage. The team ensured the health of the satellite and completed a full launch day simulation managed remotely from locations in Florida and Argentina. Following a successful run through and check of the satellite’s operational status, the launch campaign has just a few remaining steps before rocketing SpaceX into the history books once again.
SpaceX and CONAE teams will work together to safely encapsulate the satellite inside of a protective Falcon 9 payload fairing and mate the payload with the first stage Falcon 9 booster. Furthermore, the teams will complete a joint integration test of the payload and launch vehicle before finally transporting it to the launch pad.
The SpaceX launch manifest has recently undergone some schedule shuffling potentially leaving the SAOCOM-1B mission to be third in line behind the launch of the South Korean ANASIS-II military communications satellite and the delayed Starlink-9 mission. However, earlier in the week, the Starlink-9 booster was lowered from launch position at LC-39A and returned to the horizontal integration facility following a scrubbed launch attempt with SpaceX citing that more time was necessary to perform final check-outs. This most likely suggests that SpaceX plans to push the SAOCOM-1B mission ahead of Starlink-9 in the launch manifest.
According to CONAE, the SAOCOM-1B mission launch window extends from Saturday, July 25 to Thursday, July 30 with a targeted liftoff at approximately 7:19 p.m. EDT (2319 GMT) from SLC-40.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
