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SpaceX rocket booster aces tenth launch and landing in major reusability milestone
Update: SpaceX Falcon 9 booster B1051 aced its Starlink-27 launch without issue, becoming the first Falcon booster ever to complete ten consecutive launches and landings.
The mission’s success also means that SpaceX’s internet constellation has more than 1500 functional satellites in orbit, leaving Starlink just two more 60-satellite batches and a few months of orbit-raising away from the ability to deliver internet virtually anywhere on Earth.
Next Spaceflight reports that SpaceX’s next Starlink launch – scheduled as few as five days after the last mission – will see Falcon 9 mark a hugely significant milestone for truly reusable rocketry.
According to Next Spaceflight’s sources, SpaceX has chosen Falcon 9 booster B1051 to launch Starlink-27 – the constellation’s 26th operational mission – as early as 2:42 am EDT (06:42 UTC) on Sunday, May 9th. Scheduled eight weeks (56 days) after the same booster’s last orbital-class launch and landing and just five days after SpaceX’s 25th operational Starlink launch, Starlink-27 will be Falcon 9 B1051’s 10th launch.
While seemingly minor in the scope of SpaceX’s unending roster of spaceflight ‘firsts,’ B1051’s Sunday flight will make Falcon 9 the first reusable liquid rocket booster of any kind to complete ten orbital launches. With that tenth launch and (hopeful) landing, SpaceX will cross a largely symbolic – but still significant – milestone that many traditional aerospace companies and direct competitors have used for at least a decade to rationalize resting on their laurels and continuing to design and build expensive, expendable rockets with no serious path to reusability.
For the entirety of SpaceX’s operational life, its only two real competitors have – and continue to be – US conglomerate United Launch Alliance (ULA) and European conglomerate Arianespace. Almost like clockwork, both extremely conservative groups – comprised of numerous traditional, entrenched aerospace and military contractors – have gone through a similar cycle of belittlement and dismissal, denial, goalpost-moving, disbelief, and resignation as SpaceX announced plans for reusability, began real-world attempts, and gradually worked out the kinks.
As it became clear that SpaceX would succeed in its efforts to vertically launch and land Falcon 9 boosters and ULA and Arianespace had to move their goalposts from “it’ll never work,” both generally settled on largely arbitrary claims that even if SpaceX could land rockets, reuse would never be economical. ULA went even further than Arianespace with an explicit claim – derived from armchair analysis built on opaque, unspecified assumptions – that SpaceX’s approach to Falcon reuse would “require ten [booster] uses to be profitable.” [PDF]
Instead, ULA – proudly standing on its high horse – proffered an alternative called “SMART (Sensible Modular. Autonomous Return Technology) Reuse” for its next-generation Vulcan rocket. Instead of landing and reusing entire boosters like SpaceX, ULA would develop an extremely complex engine section that would detach from Vulcan in mid-air, deploy an experimental inflatable heat shield, and be grabbed out of the sky with a helicopter. Even back when the concept was first announced in 2015, ULA’s schedule for SMART reuse would have seen the technology debut no sooner than the mid 2020s.
More than half a decade later, ULA no longer talks about “SMART Reuse” and it certainly doesn’t talk about the program’s schedule. As late as mid-2020, though, CEO Tory Bruno still parrots ULA’s arbitrary estimate that reusability only makes sense after ten flights per booster – and with the added bonus of new goalposts that demand that that “breakeven flight rate…be achieved as a fleet average.”
Arianespace executives have echoed similar sentiments over the years and more recently implied that it would only ever make sense to invest in SpaceX-style reusability if the conglomerate could guarantee at least 30 launch contracts annually.
In the meantime, Arianespace and ULA all but handed the vast majority of their commercial market share to SpaceX’s far more affordable Falcon 9 and Falcon Heavy. As a result, the company has effectively taken over the commercial spaceflight industry while its relentless, iterative development approach have produced refined Falcon 9 and Heavy rockets with an unprecedented degree of reusability. Looking at all Falcon 9 Block 5 boosters that have flown more than once, the fleet average is already more than five launches less than three years after the Block 5 upgrade debuted.
SpaceX has also demonstrated – multiple times – that it can launch the same Falcon 9 booster twice in less than a month, quite literally halving the Space Shuttle’s 54-day record while likely requiring somewhere between 10 and 100 times less hands-on work. Just last month, NASA gave SpaceX’s reusability work the ultimate blessing when a Falcon 9 booster launched astronauts for the second time. Of the more than 1500 Starlink satellites SpaceX has launched over the last two years, not a single one of those internet satellites flew on a new Falcon 9 booster.
Finally, Falcon 9 booster B1051 is now on track to become the first liquid rocket booster in history to cross the ten-flight mark set by ULA and targeted by SpaceX CEO Elon Musk. For Musk, “ten flights” has long been a line drawn in the sand – explicitly meant to be an arbitrary target. In reality, after flying multiple Falcon 9 boosters six, seven, eight, and even nine times apiece, SpaceX already believes that the rocket’s existing design is capable of significantly surpassing that target.
Perhaps most importantly, despite the fact that Arianespace and ULA have scarcely begun to even attempt to counter Falcon 9 and Falcon Heavy, SpaceX is already working on Starship – a far more capable, fully-reusable rocket designed from the ground up with lessons learned from Falcon.
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
