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SpaceX preparing for an inaugural Falcon Heavy launch in November
All three Falcon Heavy cores are believed to be at Cape Canaveral
As we inch closer to SpaceX returning to a regular launch schedule, evidence is adding up that Falcon Heavy is fast approaching launch readiness.
Over at SpaceX’s Cape Canaveral facilities, workers are busily modifying LC-39A and are deep into the reconstruction and reactivation of LC-40, which was severely damaged just over 11 months ago. Members of the SpaceX fan community have taken regular tours of the Kennedy Space Center and offered glimpses into part of the process as workers relentlessly dismantle previous LC-39A pad structures.
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- During a month without launches, SpaceX has made considerable progress dismantling parts of LC-39A. The main focus right now is the RSS, which is the skeletal structure on the left. (Brian Bundridge/Facebook)
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- One of Falcon Heavy’s side boosters seen arriving at LC-39A about a month ago. (Reddit /u/MajorRocketScience)
Before SpaceX, the pad hosted the first manned launches of the vast Saturn V rocket and hosted the launch of Apollo 11, which landed the first humans on the Moon in 1969. Decades later, that same pad was recycled for the Space Shuttle and supported dozens of Shuttle launches. SpaceX is deep into the process of dismantling the old pad structures used for the Shuttle, and Elon Musk has recently reported that the Rolling Service Structure (RSS) is expected to be entirely removed before the first launch of Falcon Heavy. While bittersweet for many observers, LC-39A will eventually host both the return of massive rockets to the U.S., as well as the first American-supported launch of crew to the ISS in more than six years.
With this progress, we find ourselves in the pleasantly foreign situation of SpaceX beating one of Musk’s aggressive schedules. In early June, he tweeted about Falcon Heavy cores arriving at the Cape within two or three months. Surprisingly, it has been confirmed that three of three Falcon Heavy cores are already at LC-39A and have been for at least a week or two. At the moment, pad readiness is the main constraint for its inaugural launch. SpaceX is preparing for a period of pad gymnastics as they ready LC-40 to take over for LC-39A. Once this happens, all Falcon 9 launches will be transferred over to LC-40, and this will allow SpaceX workers to conduct necessary modifications to LC-39A’s launch hardware in preparation for Falcon Heavy. These modifications are expected to take about two months.
All Falcon Heavy cores should be at the Cape in two to three months, so launch should happen a month after that
— Elon Musk (@elonmusk) June 8, 2017
Current best guesses peg the first launch from LC-40 in late August or sometime in September, fitting nicely with Musk’s Falcon Heavy launch estimate of November. Falcon Heavy will nevertheless likely require several weeks of fit checks, wet dress rehearsals (like a static fire but without the ignition), and one or several static fires before its first official launch attempt. While Musk has recently been on a warpath of expectation management for Falcon Heavy, going so far as to imply that a failure was a likely outcome, let there be no doubt that SpaceX and Musk will privately do everything realistically possible to ensure a safe launch. If major issues are discovered during pre-launch testing, SpaceX will almost certainly scrub the launch indefinitely.
However, if Falcon Heavy does indeed lift off above a more controlled fireball later this year, fans can look forward to what will be a stunning show of force. Musk once again confirmed that both side cores will land at LZ-1, SpaceX’s land-based landing facilities, and the center core will land on Of Course I Still Live You somewhere in the Pacific. While not guaranteed, Musk’s myriad comments on the spectacular nature of the launch mean that SpaceX’s live coverage will offer some truly incredibly views. Fans have long eagerly anticipated the synchronized landings of the side cores, as well as possible live shots of booster separation during the launch.
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- NASASpaceflight’s famed graphic designer okan170 has produced multiple gorgeous renders of Falcon Heavy over the years. (NASASpaceflight)
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- NASASpaceflight’s famed graphic designer okan170 has produced multiple gorgeous renders of Falcon Heavy over the years. (NASASpaceflight)
At the ISSR&D Conference, Musk reiterated the fact that SpaceX’s primary focus is preparation for Commercial Crew. LC-39A is needed for SpaceX’s crewed launches, so it is highly unlikely that the company will risk a Falcon Heavy launch if there is anything more than the slimmest of chances of the pad being lost in a launch failure. Regardless of the outcome, as Musk himself has often said, Falcon Heavy’s inaugural launch is guaranteed to be a spectacle.
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, Mississippi.
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
