News
SpaceX seeks approval for Starlink internet tests on high-performance govt. planes
According to updated regulatory documents and recent Aviation Week interviews with the US Air Force Research Laboratory, it can be all but guaranteed that the USAF has begun working with SpaceX to test the feasibility of using the company’s planned Starlink satellite internet constellation for military communications purposes.
In early August, SpaceX updated regulatory documents required by the Federal Communications Commission (FCC) for the company to be permitted to experimental test its two prototype Starlink internet satellites, named Tintin A and B. Launched roughly six months ago as a copassenger on one of SpaceX’s own Falcon 9 rockets, the satellite duo has been quietly performing a broad range of tests on orbit, particularly focused on general satellite operations, orbital maneuvering with SpaceX’s own custom-built electric propulsion, and – most importantly – the experimental satellites’ cutting-edge communications capabilities.
The orbit histories of @SpaceX's Tintin A/B Starlink prototype satellites, launched in February! Some thoroughly intriguing differences in behavior over the six months they've spent on-orbit. Data and visualizations generated by the lovely https://t.co/xKOdbP89tz. pic.twitter.com/a8CfQaZJep
— Eric Ralph (@13ericralph31) August 9, 2018
Per a public summary of the application update, SpaceX is awaiting FCC permission to begin a new series of tests of its prototype satellite internet network, this time highlighting an intriguing interest in applying Starlink connectivity to moving aircraft in order to provide them an exceptionally flexible and powerful suite of communications capabilities.
“SpaceX seeks to modify its experimental authorization to allow testing of two different antennas, both of which will operate on the ground and one of which will also operate from a moving aircraft.”
In those same documents, the company states that it is “working with a manufacturer of conformal antennas for tactical aircraft” to design and build “a custom installation kit consisting of mechanical plates for the low-profile antennas and fairings reducing wind drag”, seemingly indicating that SpaceX itself intends to supply the phased array antennae itself. Normally, this sort of testing would be fairly mundane and expected for any global satellite network, as one of the largest markets for satellite internet connectivity happens to be commercial aviation, particularly airlines and passenger entertainment.
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- SpaceX’s first Starlink prototypes launched in late February aboard a flight-proven Falcon 9 booster. (Pauline Acalin)
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- One of the first two prototype Starlink satellites separates from Falcon 9’s upper stage in February 2018. (SpaceX)
However, the plot thickens beyond that extent thanks to a few select phrases. Most tellingly, the company writes that it “will perform a series of tests with the integrated airborne prototype terminal … varying motion for representative roll and pitch rates of a high-performance aircraft“, later also describing the program the update as a request for permission for “additional test activities undertaken with the federal government.”
It just so happens that the US Air Force’s Research Laboratory (AFRL) spoke with Aviation Week earlier this year (just weeks after SpaceX’s first prototype satellites had launched, in fact) about a nascent program exploring the potential utility of a spate of commercial Low Earth Orbit satellite internet constellations proposed for launch in recent years.
“To explore the art of the possible, AFRL is planning to contract with at least one commercial internet provider for a set of antennas that can be mounted onto Air Force test aircraft, Beal says. The team will then fly the aircraft … directly under the associated satellites and establish a communications path.” – Lara Seligman/AviationWeek
As of publishing then (March 2018) and now, SpaceX is the only company in the world to have launched a pair of functional demonstration satellites as a part of its proposed megaconstellation, meaning that it’s the only company that has a (technically) operational network with which they can test inter-satellite connectivity, connection hand-offs between different satellites, and multi-satellite operations.
While it’s currently unclear how that series of tests transpired and if they were or are officially connected to the AFRL’s own program, the briefest thought of the USAF (and thus the Department of Defence) as a prospective anchor customer for SpaceX’s Starlink constellation is extraordinarily exciting, especially given the apparent difficulties and costs associated with actually deploying even the first wave (~900 satellites) of such a massive constellation (~4500 satellites total).
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
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SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
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Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
