

News
SpaceX wants to launch almost 1.5k Starlink satellites next year – that’s a necessity
First reported by SpaceNews, in attendance at the 2019 World Satellite Business Week in Paris, France, SpaceX President and COO Gwynne Shotwell says that the company has plans for as many as 24 dedicated Starlink launches in 2020.
This news comes less than four months after SpaceX’s inaugural Starlink launch – placing 60 prototype spacecraft in orbit on May 24th – and roughly one and a half months before a planned burst of 2-4 more Starlink missions in the final months of 2019. By leveraging the proven reusability of Falcon 9 boosters and probable reusability of Falcon payload fairings, Shotwell believes that the company can simultaneously launch dozens of Starlink missions while still regularly launching customer spacecraft next year.
Extrapolating from SpaceX’s 60-satellite Starlink launch debut, 24 dedicated Starlink missions launched via Falcon 9 rockets would translate to at least 1440 satellites placed in orbit in 2020. In a best-case scenario, SpaceX also wants to launch another four missions before the end of 2019, potentially leaving the company with more than 1700 satellites in orbit by the end of next year.
In roughly 18 months, SpaceX could thus single-handedly almost double the number of functional satellites in orbit – relative to the ~2000 currently under control. Of course, SpaceX is famous for eventually accomplishing almost every problem it sets its gaze on, but not without delays. Even achieving 12 launches – half as many as hoped for – would be a huge milestone, giving SpaceX control of the largest satellite constellation ever launched, capable of supporting an instantaneous bandwidth of ~18 terabits per second (Tbps).
Although it sounds (and is) incredibly ambitious, the reality is that that launch rate is just shy of a necessity for SpaceX to retain Starlink’s two FCC launch and operations licenses. It’s not 100% accurate, as the constellations – one around 1000 km and the other around 350 km – were granted licenses about half a year apart, but SpaceX essentially needs to launch half of its ~11,900-satellite constellation by November 2024. This gives SpaceX a little over five years from the time of this article’s publishing to launch almost 6000 satellites, translating to roughly 3.3 satellites per day or 100 satellites per month.
At 24 annual launches of 60 satellites apiece, SpaceX would average exactly 120 satellites per month, leaving a decent margin for failed or delayed launches and dead satellites. Nevertheless, although it’s extremely unlikely that the FCC would retract SpaceX’s Starlink launches after the company has launched thousands of satellites, those licenses also come with a requirement that the second half of the constellation be launched within seven years of receipt.
In the event that SpaceX manages to launch almost 6000 satellites by November 2024, this means that the company will have to almost double its effective launch cadence to fully complete Starlink by November 2027. It’s safe to say that, short of total corporate dissolution, SpaceX’s next-generation Starship launch vehicle will be operational by 2024, but in the event that Falcon 9 is still the only practical option, SpaceX would need to average almost three Starlink launches per month.
According to SpaceX, approximately a third of those 24 Starlink launches will include a small amount of extra capacity for small satellites seeking affordable access to space. Following demand that apparently far outstretched SpaceX’s anticipated interest in a new Smallsat Program, the company significantly widened its scope and lowered the base price to just $1M for up to 200 kg (440 lb) of cargo, while also announcing that some Starlink launches would include latent capacity. Public schedules show that as many as 9 Starlink missions could feature additional smallsats in 2020, followed by up to 13 in 2021.
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Investor's Corner
Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries
The firm reiterated its Overweight rating and $355 price target.

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025.
The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.
On Tesla’s vehicle deliveries in Q3 2025
During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report.
“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.
A bright spot in Tesla Energy
Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.
“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated.
Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.
Elon Musk
Elon Musk’s xAI becomes Memphis’ 2nd largest taxpayer in just one year: report
Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape.

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape. In just twelve months, the company has become the city and county’s second largest taxpayer.
The update was related in a report from The Wall Street Journal.
Memphis’ second-largest taxpayer
xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI’s large language model.
The buildout has injected billions into the region, making xAI one of Memphis’s most significant private investors and a symbol of the city’s high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city’s chamber of commerce, highlighted xAI’s contribution to the city’s economy in a comment to the WSJ.
“In one year, xAI has become the second largest taxpayer in the city and county after FedEx,” he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated “substantial economic commitment to our region, without any tax incentives.”
Not without controversy
Despite the economic boost, xAI’s footprint has drawn scrutiny. The company’s natural-gas-powered turbines are expected to consume a substantial amount of water and electricity. Critics have also expressed worries about pollution and increased utility costs, though others see Musk’s wastewater recycling plans and cleanup initiatives as meaningful offsets.
As per the WSJ, xAI’s positioning in the market may be quite different than what Musk is typically used to, considering that the CEO tends to become a first mover in key industries, such as the EV segment with Tesla and private spaceflight with SpaceX. With xAI, however, he is catching up to competitors, the most notable of which is a company he co-founded, OpenAI, and its ubiquitous large language model, ChatGPT.
News
Tesla all but confirms that affordable Model Y is coming Tuesday
It does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.

Tesla has released a cryptic teaser of a product that would be announced on Tuesday, October 7, 2025. Based on the company’s hint, it does appear that the product would be the affordable Model Y that has been spotted doing road tests across the country over the past months.
Affordable Model Y sightings
Last week, news emerged that a number of key Tesla influencers visited Gigafactory Texas for a private event. These included veteran Tesla YouTubers, car reviewers, influencers on X, and even a teardown expert who provided the initial insights on how to improve the original Model 3 sedan. At the same time, an uncovered unit of the apparent affordable Model Y was posted online. The vehicle was reportedly sighted close to Giga Texas.
The new Model Y variant had some notable changes from the standard Model Y. Its fascia seemed inspired by the Model 3 sedan instead of the Cybertruck, and its roof seemed blacked out. Overall, it looked like a simpler Model Y designed to be offered at an affordable price.
The weekend teasers
Teasers about an upcoming product were posted by Tesla’s official account on social media platform X, though the electric vehicle maker made it a point to keep things very vague. Initially, a closeup video of what appeared to be an aero wheel was posted, though it was vague enough that some speculated that it could be Elon Musk’s long-announced HVAC system instead.
On Sunday, another teaser video was posted featuring the headlights of a new car. This brought speculations that the new Roadster might finally be announced. Inasmuch as a new Roadster unveiling would be exciting, however, it was evident that the headlights in the new teaser were a match to the uncovered affordable Model Y unit that was spotted close to Giga Texas a few days ago. With this in mind, it does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.
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