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SpaceX retracts Falcon 9 booster’s landing legs a second time after speedy reuse
Following the Falcon 9 booster’s second successful NASA launch in less than three months, SpaceX recovery technicians have once again rapidly retracted B1056’s four landing legs, also reused from the booster’s May 2019 launch debut.
On the heels of Falcon 9 B1056’s first speedy, leg-retracting recovery, a repeat of the booster’s impressive landing leg retraction debut – using the same legs, no less – serves as an excellent sign that whatever hardware changes were implemented are on the right track. As part of SpaceX and CEO Elon Musk’s interim goal of launching the same Falcon 9 booster twice in 1-2 days, a speedy recovery is an absolute necessity, and landing leg retraction is just one of the dozens of ways the company will need to optimize recovery and reuse to lower average turnaround times from weeks to days.
Falcon 9 B1056 completed its successful launch debut on May 4th, 2019, landing on drone ship Of Course I Still Love You (OCISLY) to preserve an ongoing Crew Dragon failure investigation at Landing Zones 1 and 2 (LZ-1/2). Situated just a few dozen miles off the coast of Florida, OCISLY returned to port with the booster barely a day after the landing, easily the fastest drone ship return yet.
Less than two days after arriving at Port Canaveral, SpaceX technicians had already begun the landing leg retractions in what was the first actual attempt in months. Falcon 9 Block 5 debuted back in May 2018 with comments from Musk indicating that retractable legs were one of several major reusability-focused changes, but SpaceX recovery technicians never got beyond a handful of partial tests in the second half of 2018.
This ended with a truly flawless full retraction of all four landing legs on May 7th, confirmed when booster B1056 was flipped horizontally, loaded onto a powered transporter, and driven back to a SpaceX refurbishment facility with all four scorched legs installed.
Even more impressively, although it’s impossible to know if the retracted legs were removed, inspected, and reattached during refurbishment, all four of those legs were unambiguously flown again on B1056’s second launch less than three months later. Some cursory analysis of photos of CRS-18 taken by SpaceX, NASA, and others definitively identifies all four landing legs as the same ones that flew on CRS-17 – installed in the same positions, no less.
At least in the context of the Falcon family of rockets, SpaceX’s ultimate goal is to dramatically lower the cost of Falcon 9 and Heavy launches by quickly, easily, and safely reusing every part of the rocket except its orbital upper stage, which makes maybe 10-15% of hardware costs. A magnitude reduction in costs is thus out of the question for the Falcon family – a challenge that will be tackled instead by Starship and Super Heavy, a new clean-sheet launch vehicle.
Nevertheless, it’s entirely possible that Falcon 9 missions will be able to launch for 3-5 times less than their current list price ($62M) within a year or two and definitely before the family is replaced by its successor(s). In fact, according to CEO Elon Musk, SpaceX has already lowered the average base price nearly 20%, cutting it to $50M to communicate some of the financial rewards of efficient reuse to its customers.
Of course, it’s important to remember that even if SpaceX gets to a point where it could technically cut its launch prices in half (or more), breaking even on a marginal cost basis does not account for SpaceX’s desire to recoup some of the $1B+ it has spent perfecting Falcon reusability. The fact that prices have (at least according to Musk) been lowered a decent amount is a good sign that SpaceX will choose market expansion over greed, but one can never be certain and Falcon 9 and Heavy pricing may very well never reflect their true reusability.
For now, SpaceX’s rapid progress from zero landing leg retraction to retracting the same booster’s same four landing legs twice in less than three months is an excellent sign that Block 5’s capabilities continue to be refined. In terms of milestones, the first launch of a thrice-flown booster is up next for Falcon 9, as is the first reuse of a recovered Falcon fairing half (or two).
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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, 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
