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[Update] SpaceX rocket launch kicks off a potentially record-smashing year for Falcon 9
Update: After spinning itself around its vertical axis a bit like a propeller, SpaceX’s expendable Falcon 9 upper stage has successfully released a massive stack of 60 Starlink v1.0 satellites for the second time in two months. Designing to tolerate the occasional bump during their bizarre deployment, those 60 satellites will quickly spread out in space and deploy their solar arrays an hour or so after separating from Falcon 9’s upper stage.
Perhaps as early as later this evening or sometime on January 7th, all 60 satellites will fire up their krypton ion thrusters, beginning the process of temporarily raising their orbits to 350 km (220 mi). Once there, SpaceX will more extensively verify the health of each spacecraft and – if all looks well – send all 60 on their way to a final circular 550 km (340 km) orbit where they will join their brethren and begin operating as communications satellites.
A SpaceX Falcon 9 has kicked off what could be a record-smashing year, potentially making SpaceX the world’s most prolific launch company thanks in large part to the game-changing reusability of its Falcon rockets.
At 9:19 pm ET on January 6th (02:19 UTC, Jan 7), Falcon 9 booster B1049’s nine Merlin 1D engines came to lift, lifting the two-stage rocket and its payload of 60 Starlink satellites off the pad and sending them on their way to orbit. Minutes later, the Falcon 9 booster shut off – completing its fourth successful launch in 17 months – and flipped around with small cold-gas thrusters, beginning its trip back down to Earth.
Less than nine minutes after lifting off from SpaceX’s LC-40 pad at Cape Canaveral Air Force Station (CCAFS), Falcon 9 B1049 began its landing burn and gently touched down on drone ship Of Course I Still Love You (OCISLY), stationed more than 600 km (375 mi) downrange in the Atlantic Ocean. Seconds later, the mission’s expendable Falcon 9 upper stage shut off its Merlin Vacuum (MVac) engine, completing the first of two burns and placing the rocket and its Starlink payload in a parking orbit.
Known as Starlink V1 L2, referring to the second launch of Starlink v1.0 satellites, this mission crossed off several SpaceX milestones – both internal and external. For Falcon 9, it marked the company’s 48th successful landing of an orbital-class rocket booster, as well as the second time SpaceX has successfully launched and landed the same booster (this time B1049) four times in a row.
Even more significantly, it’s almost certain that – so long as all 60 Starlink V1 L2 satellites successfully deploy and begin orbit-raising – SpaceX will have become the owner and operator of the world’s largest commercial satellite constellation. After tonight’s launch, SpaceX’s Starlink internet constellation will likely measure some 175 operational satellites strong less than eight months after the company began dedicated internal launches.
Assuming drone ship OCISLY safely returns Falcon 9 B1049 to port and including SpaceX’s successful November 2019 Starlink V1 L1 launch, the company now possesses two Falcon 9 boosters – B1048 and B1049 – that have successfully performed four separate orbital-class launches apiece. With two rockets in hand, SpaceX should be able to far more accurately determine just how well they’re standing up to the rigors of the latest reusability milestone, hopefully giving the company the data it needs to rapidly turn around one or both boosters for a fifth launch in the near future.
SpaceX has 20-24 Starlink launches planned for 2020, so the company will have a wealth of opportunities to push its fleet of reusable rockets to their limits, ranging from attempting nth booster reuses to testing and expanding the envelope of SpaceX’s nascent payload fairing reuse program.
In fact, fairing recovery ship GO Ms. Tree is perhaps just a few minutes away from her third successful fairing half catch – set to occur roughly 45 minutes after Falcon 9’s 9:19 pm EST liftoff. At the same time, Falcon 9’s upper stage is coasting in low Earth orbit (LEO) and preparing to ignite one more time to circularize its orbit and send SpaceX’s third batch of 60 Starlink satellites on their way. Stay tuned for updates later tonight!
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Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Tesla has once again demonstrated strong customer focus by swiftly addressing and fully refunding a bizarre Supercharger pricing glitch that affected drivers in Atlantic Canada.
The issue surfaced earlier this month when the Tesla app began displaying dramatically inflated per-minute charging rates at stations in Prince Edward Island and parts of New Brunswick.
One widely shared screenshot from a Charlottetown, PEI Supercharger showed rates reaching ridiculous levels: $6.00 per minute for the 180-250 kW tier, along with $3.57/min for 100-180 kW and $2.29/min for 60-100 kW.
Correct pricing will be going live at midnight tonight. All fees since July 2nd 2026 will be waived.
— Tesla Charging (@TeslaCharging) July 13, 2026
These figures were several times higher than normal Supercharger pricing in the region.
To put the error in perspective, charging at the highest incorrect rate would have been shockingly expensive.
At 250 kW, a common charging speed at Superchargers, a vehicle pulls roughly 4.17 kWh per minute. Under the glitch, a driver spending just 10 minutes at peak power would face a $60 bill. A typical 20- to 30-minute session to add meaningful range could have cost $120 to $180 or more, before any congestion fees.
Tesla gets another layer of gamification with Free Supercharging on the line
By comparison, standard Canadian Supercharger rates usually fall between $0.25 and $0.60 per kWh, making a similar session cost roughly $15–$40. The erroneous per-minute structure, combined with the inflated numbers, turned what should be a convenient stop into a potential financial shock.
The glitch appears to have started sometime around early July, and quickly drew attention on social media as owners questioned whether Tesla had implemented steep hidden increases. Some drivers even reported seeing $0 charges in their history, indicating broader billing confusion.
Tesla’s official Charging account on X stated that correct pricing would roll out at midnight on July 13, so the fix is already in effect. More importantly, the company announced it would waive all fees for every Supercharger session since July 2. This blanket waiver covers the entire affected period without requiring users to file individual claims, with automated refunds expected soon. The decision affects stations in PEI and nearby areas in New Brunswick and Nova Scotia.
It’s a classy move, and rather than issuing partial credits or forcing owners to submit support tickets, Tesla simply absorbed the cost of the system error and made drivers whole. In an industry where hidden fees and bill disputes are common, Tesla’s proactive, no-questions-asked approach reinforces owner trust and highlights the company’s commitment to service excellence.
The incident, while disruptive for a short time, ultimately showcases Tesla’s ability to own mistakes and prioritize customer satisfaction. Atlantic Canada Tesla owners can now charge with confidence again, knowing the company has their back when technology glitches occur.
In an era of complex EV billing, such transparency and generosity are refreshing and set a positive example for the industry.
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Elon Musk’s Texas ranch to showcase the lifelong work that changed the world
Lucid CEO dispels any rumors of bankruptcy: ‘So far from the facts’
