SpaceX
SpaceX job posts hint at building satellite constellations for US military
Published within the last week, unusual SpaceX job postings have begun to combine a range of topics unusual for the company, indicating some level of internal interest in entering into an entirely new industry and mode of operations.
Judging from the job descriptions, SpaceX is looking to hire engineers familiar with integrating third-party payloads onto in-house satellite buses, and they are primarily interested in engineers with Top Secret security clearances.
https://twitter.com/collinkrum/status/1002425606401736704
Given the subtlety of the relevant job postings and the apparent need for high-level security clearances to become involved, it’s extremely difficult to figure out what exactly SpaceX’s goals are. Still, they contain just enough detail to point in the direction of several obvious explanations. These revolve around one industry in particular: satellite operations and sales to or for third parties.
To some extent, these job listings are to be expected: SpaceX has extensive experience building spacecraft (Falcon 9 upper stages and Dragon) explicitly intended for internal use and operations only. Instead, what is surprising about these job listings is the presence of repeated references to “customer payload[s]” in the context of “satellite mission design”, “SpaceX-developed satellite constellations and payload missions”, the “simulation of remote sensing payloads and constellations”, and a need for “on-orbit commissioning” or “activation”.
Put simply, there is no obvious explanation for why SpaceX would need any of those things, at least in the context of the company’s publicly-known activities and business interests. Taken individually, they might be explained by – as described in the same listings – “[SpaceX’s expanding] classified mission manifest”, as it’s well-known that SpaceX is in the process of certifying Falcon 9 and Falcon Heavy to launch all practicable Air Force (USAF) and National Reconnaissance Office (NRO) payloads. Those payloads often need to be placed in high-energy orbits that rely on extended upper stage coasts between orbit-raising maneuvers, essentially requiring modifications to Falcon 9’s upper stage such that it becomes a sort of ad-hoc, short-lived satellite.
-
- SpaceX’s first Falcon Heavy launch also happened to be a strategic and successful test of Falcon upper stage coast capabilities. (SpaceX)
-
- SpaceX’s first two Starlink prototype satellites are pictured here before their inaugural launch, showing off a thoroughly utilitarian bus and several advanced components. (SpaceX)
Starlink spinoffs
However, in all (conceivable) cases where SpaceX might launch a highly-classified payload for a government customer, the dynamic is still precisely that – launch provider (SpaceX) and customer (NRO/USAF/etc). Just like FedEx or UPS have no ownership of or relationship with the goods they transport, satellite launch providers are simply delivering a (very expensive, fragile, and irreplaceable) payload from Point A (the ground) to Point B (orbit). When UPS ships a new smartphone from the manufacturer to the customer, they most certainly do not perform an “in-house commissioning” – if the customer needs help setting up their new phone, they go to the manufacturer or service provider (cell carrier).
-
In the same way, satellite commissioning is a generally necessary process where the satellite manufacturer – rarely the actual operator or service provider – raises or fine-tunes the expensive spacecraft’s orbit and verifies that all systems and payloads are functioning as intended – only after that process is complete does the manufacturer finally ‘hand off’ the satellite to the customer that paid for it. In some cases, the manufacturer continues to maintain or at least monitor the satellite in the background as the owner serves its own customers, much like how military airplane manufacturers are typically contracted to maintain or support those planes even after final delivery.
Judging from the need for top-secret security clearance in nearly all of these new job postings, SpaceX clearly has a very particular sort of customer in mind. Be it DARPA, NRO, the USAF, or some totally unknown government actor, one or several of the above entities have expressed explicit interest in coopting SpaceX’s newfound status as a prospective dirt-cheap-satellite manufacturer. If that were not the case, SpaceX would not be keen to publish 5+ engineering job postings with top-secret clearance as an explicit prerequisite.
Project Blackjack
Ultimately, it’s undeniable that the prospect of a completed vertically-integrated launch and satellite service provider could be so alluring that entities like the NRO, USAF, or DARPA simply could not pass up the opportunity to at least give it a try. From a purely speculative perspective, the services and processes SpaceX seems to be in the middle of developing are an almost perfect fit with DARPA’s (Defense Advanced Research Projects Agency) brand new Blackjack program. Perfectly summarized in September by Space News reporter Sandra Erwin,
“[DARPA] wants to buy small satellites from commercial vendors, equip them with military sensor payloads and deploy a small constellation in low-Earth orbit to see how they perform in real military operations.”
DARPA awarded a $1.5M contract to smallsat manufacturer and operator Blue Canyon on in October 2018, small relative to the program’s roughly $118M budget. DARPA has made clear that it plans to finalize multiple contracts with different prospective satellite designers and operators in order to ensure a competitive environment, fuel growth in a fairly new industry, and pave the way for the final procurement of an experimental constellation of 20 satellites by 2021. If successful, it could completely change the way the entire US government procures national security-related satellites, offering a far faster, cheaper, and more flexible route to set up unique capabilities.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
-
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
-
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
-
Elon Musk
Space finally faced the people living next to its next Terafab mega-project
SpaceX confirmed Terafab’s Grimes County site is locked in, with construction starting within months.
SpaceX and Terafab representatives sat across from Grimes County residents for the first time on Wednesday, telling a packed Commissioners Court room that the $55 billion chip manufacturing project is now a done deal at the Gibbons Creek Reservoir site.
The meeting followed a $10 million check SpaceX sent the county earlier this week, satisfying a payment deadline built into the tax abatement agreement both sides signed in June. Elon Musk shared a post on X confirming the payment, and County Judge Joe Fauth told the San Antonio Express-News his office deposited the check after it beat its deadline.
Wednesday’s session, first reported by KBTX, moved the project from paperwork to construction. Terafab representative Riley Trennell told residents the JETI tax break agreements with Iola ISD and Anderson-Shiro CISD are signed and active, and that civil work and foundation prep are starting almost immediately. Renderings of the facility could be released within days, he said, with construction beginning within months.
The foundations for an exciting future are being built in Texas. Next up: Terafab → https://t.co/jGg52Zhn5I pic.twitter.com/SNfSXNr2tb
— SpaceX (@SpaceX) August 6, 2026
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
Musk first announced Terafab in March as a joint venture between Tesla, SpaceX and xAI aimed at producing over a terawatt of AI compute annually, an amount that dwarfs the roughly 20 gigawatts the entire global chip industry produces today. Intel joined as a manufacturing partner in April. Musk has said the project needed its own day in the spotlight rather than being squeezed into an earnings call, and for months the Grimes County site remained unconfirmed even as reporting pointed there.
-
SpaceX attorney Buck Brannon used Wednesday’s meeting to note that the company’s abatement is roughly 78 percent, not the 100 percent some earlier reports suggested. In exchange, SpaceX will pay Grimes County a fixed $20 million a year for 35 years, a total of $710 million, which Brannon said exceeds the $14 million Tesla paid Travis County in 2025.
SpaceX also addressed environmental concerns that have followed the project since Musk’s Terafab partnership with Intel was announced. Representatives said Terafab will not raise electric bills for other ratepayers, will not deplete local water supplies and will not draw down the Navasota River. SpaceX confirmed it owns the Navasota River pumping station, which it plans to use to divert stormwater into the Gibbons Creek Reservoir, and said it will build its own natural gas plants to power the facility rather than pulling from the ERCOT grid.
Grimes County commissioners also approved an addendum letting county employees use ten approved AI chatbots for work, including Grok.
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
