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SpaceX begins launching new shell of polar Starlink satellites
SpaceX has begun launching a new group of Starlink satellites that will eventually create a ‘shell’ of near-polar communications satellites capable of serving some of the most remote customers on Earth.
Known as Starlink Group 3-1, the mission was also SpaceX’s 50th dedicated Starlink launch since the company first launched a full batch of prototype satellites in May 2019. Just three years later, SpaceX’s Starlink constellation is responsible for roughly half of all working satellites currently in Earth orbit – a figure that is likely to continue to grow for the indefinite future.
Falcon 9 lifted off from SpaceX’s Vandenberg Space Force Base (VSFB) SLC-4E pad at 6:39 pm PDT on July 10th carrying 46 Starlink V1.5 satellites – a payload of around 14 tons (~30,000 lb). SpaceX reduced the number of satellites from the usual 53 to account for the mission’s unusual (relative to Starlink) trajectory and target orbit. Instead of the usual dozens of missions to a fairly ordinary 53-degree orbit around Earth’s midlatitudes and equatorial regions, Starlink 3-1 is the first of several planned missions to a near-polar orbit in which satellites will cross Earth’s equatorial plane at an angle of 97.6 degrees
That orbit is technically slightly retrograde or against the direction of Earth’s rotation, which means that Starlink Group 3 launches will have to work against Earth’s rotation – a bit like trying to climb the wrong escalator. It isn’t SpaceX’s first Starlink launch to a near-polar orbit: the company has technically launched 15 Starlink prototypes to a variety of slightly different sun-synchronous orbits very similar to Starlink 3-1’s target. SpaceX also launched a single batch of Starlink Group 2 satellites to a 70-degree semi-polar shell in September 2021. The purpose of the 51 Starlink 2-1 satellites – only 19 of which appear to be operational – is unclear, though, and only 3 of the other 15 prototypes are still in orbit.
As a result, Group 3 could become the first polar Starlink ‘shell’ to truly enter general service. SpaceX already has plans for a second Group 3 launch – Starlink 3-2 – as early as the end of July, and at 46 satellites apiece, as few as eight launches will be needed to complete the 348-satellite shell. Once complete, it should give SpaceX the ability to serve customers in high-latitude and polar regions.
If or when the US Federal Communications Commission (FCC) gives SpaceX permission to activate thousands of intersatellite laser links installed on the ~1000 Starlink V1.5 satellites already in orbit, the new polar shell could even allow Starlink to connect planes, ships, or outposts that are hundreds or thousands of miles from the nearest ground station. In theory, polar Starlink satellites could even connect Antarctic research outposts to the internet.
Starlink 3-1 was SpaceX’s 50th dedicated Starlink launch since May 2019 and 49th operational Starlink launch since November 2019, bringing the total number of working Starlink satellites in orbit to 2518. Of those 2518, more than 2000 have reached operational orbits and are likely serving some of SpaceX’s roughly half a million customers. Thanks to apparent improvements in reliability that have seen only 9 of 1065 Starlink V1.5 satellites suffer technical failures since launches began in November 2021, almost 90% of all the Starlink satellites SpaceX has ever launched are still in orbit – and functional – today.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
