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SpaceX’s second dedicated USAF mission targets Dec. 2018 for GPS satellite launch

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One of a number of 2018 SpaceX missions pushed into this year’s fourth quarter, SpaceX’s second-ever dedicated US Air Force payload is tracking towards a tentative mid-December launch, hopefully kicking off the deployment of the first ten third-generation GPS (Global Positioning System) satellites.

Set to launch the first and second GPS satellites on upgraded Falcon 9 Block 5 rockets, SpaceX and the USAF could potentially decide to fly one or several of the company’s contracted GPS missions on flight-proven boosters.

Designed and built by Lockheed Martin, each of the first group of a dozen satellites will weigh approximately 3900 kg (8900 lb) and will be placed in a circular orbit 20,000 km (12,500 mi) above Earth’s surface, resulting in one completed orbit every 12 hours. Both as a result of each satellite’s significant mass and orbit requirement and the desire to spread risk over multiple launches, the first eight GPS Block IIIA spacecraft will ride into space on their own dedicated launch vehicles – five aboard Falcon 9, one on a ULA Delta IV, and the rest yet to be determined.

SpaceX’s Falcon 9 was certified to launch national security-sensitive USAF payloads in May 2015 after spending years fighting for the reintroduction of competition into the Department of Defense’s rocket launch procurement apparatus, killed back in the mid-2000s when Lockheed Martin and Boeing merged their space subsidiaries into the United Launch Alliance despite protests from NASA and some in the DoD.

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That launch is now aiming for December 15th, 2018, although such a specific date nearly three and a half months out should be treating as purely for planning purposes. Originally planned to launch on a ULA Delta IV rocket, the USAF decided (for unknown reasons) to switch the order of launch, making SpaceX the launch provider for the first and second spacecraft, with ULA following up on the third launch. In March 2018, SpaceX was additionally awarded one more GPS IIIA launch with the option for two more, at a total contract cost of roughly $290 million or ~$97 million apiece. Of the remaining four satellites to be launched after Space Vehicle 06 (SV06) reaches orbit, contracts have yet to be competed, although that process is likely to begin within a year or so.

 

Barring any unforeseen developments or anomalies, SpaceX’s December launch of GPS IIIA SV01 ought to kick off a series of Falcon 9 GPS missions every 4-6 months between now and 2021 or 2022. After SV08 is launched sometime in those final years, the US Air Force will open competition slightly further, allowing launch providers SpaceX, ULA, and perhaps even Blue Origin to offer multi-satellite launches on their more powerful rocket offerings, including Falcon Heavy, heavier Atlas 5 variants, and New Glenn.

Beginning in March 2019, largely symbolic but still revolutionary language to be included in 2019’s defense procurement authorization may explicitly require the USAF to explain before Congress – in the event that a launch contract does not allow a reusable rocket to compete – why an expendable launch vehicle was privileged. Currently NET March 2019 as well, SpaceX’s third dedicated USAF launch – STP-2 on Falcon Heavy – is being set up primarily to help the USAF certify SpaceX’s newest heavy-lift rocket for national security launches.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Elon Musk

Elon Musk will give ‘every kid in America’ a SpaceX share in 2027

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Credit: Grok Imagine

Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”

SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.

It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.

Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.

Just a little bit later, Musk said children across the U.S. would be getting a share from him:

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There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.

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Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning

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Elon Musk addresses the crowd next to the new Tesla Roadster, which Tesla offers in Performance, Thrust and Rocket versions. (Image: Tesla/X)
Elon Musk addresses the crowd next to the new Tesla Roadster, which Tesla offers in Performance, Thrust and Rocket versions. (Image: Tesla/X)

Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.

Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.

But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.

Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds

Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:

“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”

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Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.

Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”

Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.

Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.

What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.

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Investor's Corner

SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching

SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger

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SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.

The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures

All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.

If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.

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