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SpaceX ready for second ever reused Falcon 9 launch on June 19
SpaceX’s Falcon 9 “1029” is nearly ready to conduct its second commercial launch later this weekend after today’s successful static fire at Launch Complex 39A. Static fire was initially planned for June 13th but was delayed to the 14th and then the 15th, with the launch date also being delayed by two days to June 19th. This small delay is likely a result of launch pad readiness procedures taking a bit longer than intended.
Now scheduled with a window of 2-5 p.m. EST on June 19th, a successful launch will mark the second successful reuse of a Falcon 9 first stage and thus the second ever reuse of an orbital-class rocket. This particular first stage, 1029, is coincidentally symbolic in the sense that it launched SpaceX’s first mission after the Amos-6 failure last year, when a complex series of events led to a massive explosion that destroyed Falcon 9, the Amos-6 payload, and severely damaged the site it was to launch from. Elon Musk deemed it “the most difficult and complex failure” SpaceX had ever faced. It was all the more surprising that the company returned to flight just over four months later, in an industry in which failures of the same scale can result in launch vehicle groundings of multiple years (the Space Shuttle, Orbital ATK’s Antares).
1029 after recovery in the Pacific Ocean. 1 in the “1029” indicates that it is a first stage and 029 implies that it is the 29th Falcon 9 to be manufactured. SpaceX has recently begun to physically label each stage with their serial numbers between their landing legs. (SpaceX)
The best possible demonstration of a launch company’s confidence in their ability to spring back from a trying failure may well be a willingness to reuse the actual launch vehicle that marked their return to flight. And that is exactly what SpaceX is about to attempt with the second launch of 1029, which flawlessly orbited Iridum’s first set of ten NEXT satellites in the company’s return to flight after Amos-6.
Falcon 9 1029 will be tasked with placing the satellite in a geostationary transfer orbit, meaning that the satellite itself will use its own bi-propellant thrusters to reach its final geostationary orbit above Earth. With a mass estimated around 4000 kilograms, 1029 will very likely be able to attempt a recovery by landing on SpaceX’s West coast Autonomous Spaceport Drone Ship (ASDS), known as Of Course I Still Love You (OCISLY). There have also been reports of the mythical Optimus Prime robot conducting tests aboard OCISLY yesterday, hinting that this recovery may be the first time that the robot will be allowed to attempt to secure the recovered first stage after landing on the drone ship.
Static fire test of Falcon 9 complete—targeting June 19 launch of BulgariaSat-1 from historic Pad 39A pic.twitter.com/sndsLhKtwA
— SpaceX (@SpaceX) June 15, 2017
An automated method of securing recovered stages after landing has the potential to progress SpaceX’s goal of rapid reusability, and BulgariaSat-1 will mark the beginning of a schedule that has SpaceX attempting to launch Falcon 9 three times in 14 days, a truly impressive accomplishment even if delays stretch it out to 20+ days.
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- Optimus Prime roving around OCISLY on June 13th. (Brady Kenniston/NASAspaceflight.com)
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- Optimus Prime captured by helicopter while conducting tests in March earlier this year. (Source: Reddit /u/riddlerthc)
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BulgariaSat-1 has lately been called Bulgaria’s first true satellite, but it is really the country’s second satellite. Manufactured and assembled by the Palo Alto, California-based Space Systems Loral (SSL), it will offer much broader coverage of the Europe and Balkans regions and provide high quality satellite television and telecommunications services in a bid to expand Bulsatcom’s market.
Much like cars are often built off of the same chassis, BulgariaSat-1 is based upon a communications satellite bus (SL-1300) that has flown successfully dozens of times and currently has dozens of active variants in geostationary orbits. BulgariaSat-1 will be the sixth SL-1300 derived satellite that SpaceX themselves have launched, and the company has four other SL-1300 satellite scheduled for launch in 2017 and 2018.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
