News
SpaceX rideshare launch aborted by rare range violation
Update: In what has become an extremely rare occurrence, a SpaceX Falcon 9 launch was aborted less than a minute before liftoff by a “fouled range.”
Translated, that means that a vehicle or pedestrian of some kind failed to heed strict warnings and entered Cape Canaveral’s launch ‘range’ during a live launch attempt. According to SpaceX’s webcast host, the culprit may have been an aircraft that strayed inside temporarily restricted airspace. Over the last few years, range violations have become rarer and rarer as the East Coast US military wing responsible for managing it, the systems responsible for disseminating ‘keep-out zones,’ and general public awareness have gradually improved.
As SpaceX CEO Elon Musk noted shortly after the rare Falcon 9 launch abort, the keep-out zone figuratively erected before US rocket launches is large, covering hundreds of square miles to hedge against the possibility of an in-flight rocket failure or explosion. Despite SpaceX’s innovative cheerleading of an autonomous flight termination system (AFTS) that would terminate a Falcon rocket the second it departed a much smaller corridor, safety regulations and range management have yet to respond in a significant way. According to Musk, if that status quo remains in place without major reform, “there is simply no way humanity can become a spacefaring civilization.”
Orbit details shared by SpaceX suggest that the company’s second dedicated Smallsat Rideshare launch – known as Transporter-2 – will also carry a second batch of polar Starlink satellites.
SpaceX launched the first batch of ten polar Starlink satellites in January 2021 as part of Transporter-1, co-manifesting them alongside a record-breaking 133 other spacecraft for a variety of companies and institutions. The mission was ultimately a major success, breaking records and demonstrating that SpaceX is serious about its Smallsat Program. Much like company executives promised in 2019 and 2020, SpaceX really does appear to have firm plans for semi-regular rideshare missions that will give customers two or more launch windows per year.
Now scheduled to launch no earlier than 2:56 pm EDT (16:56 EDT) on Tuesday, June 29th, Transporter-2 is the second in a series of Falcon 9 rideshare launches currently scheduled every six months or less over the next several years.
While Transporter-2 wont beat the unprecedented number of satellites launched on on Transporter-1, SpaceX says it will still “launch 88 spacecraft to orbit” and – more importantly – carry more customer mass. In other words, Transporter-2 will carry roughly 50% fewer satellites, each of which will weigh substantially more on average.
Ordering directly through SpaceX, Smallsat Rideshare Program begins at $1 million for up to 200 kg (~440 lb) to Sun Synchronous Orbit (SSO; around 500 km or 300 mi). A majority of small satellites weigh significantly less than 200 kilograms but if a customer manages to use all of their allotment, the total cost of a SpaceX rideshare launch could be as low as $5000 per kilogram – incredibly cheap relative to almost any other option. For a dedicated launch to SSO on a Rocket Lab Electron or Astra Rocket 3.0 rocket using every last gram of available performance, the same customer would end up paying a minimum of $25,000 to $37,500 per kilogram to orbit.
Befitting the premium price tag, a dedicated launch on one of a growing number of small orbital-class rockets does carry benefits like direct orbit insertion, specialized payload handling, and more schedule control. A rideshare with dozens of other satellites is more akin to taking a bus, delivering the lowest prices possible at the cost of strict departure times and a one-size-fits-all approach to drop-offs.

Given that SpaceX’s Transporter program is on track to orbit more than twice as many satellites in six months as Rocket Lab’s small Electron rocket has launched on 17 successful missions spread over more than three years, it’s safe to say that a large portion of prospective smallsat owners and builders have concluded that the cost savings provided by rideshares far outweigh the inconvenience.
Beyond Transporter-2, SpaceX is already working to launch Transporter-3 in December 2021, Transporter-4 as soon as March 2022, Transporter-5 in June 2022, Transporter-6 in October 2022, and at least three other dedicated rideshare launches tentatively scheduled in 2023.
News
Tesla CEO Elon Musk says flying cars are coming
Tesla CEO Elon Musk said that flying cars will be coming to the market, something that his own company has hinted at previously.
Musk said on X, in response to a post that read, “We were promised flying cars and all we got is infinite superintelligence for everyone,” “You will get flying cars.”
You will get flying cars
— Elon Musk (@elonmusk) August 12, 2026
The post rang back to when Musk teased flying and hovering capabilities for the Tesla Roadster, the company’s supercar that has been delayed more times than anyone cares to count. It was set for an unveiling earlier this year, but it was then pushed back to August. There is still no sign of it coming.
However, that does not mean it won’t. But one of the biggest features of the Roadster that was teased was a SpaceX package that featured cold gas thrusters on the rear end that would help with white-knuckle acceleration. Another set would face the ground and would help the Roadster gain small bits of altitude, potentially helpful to jump over obstacles.
Elon Musk hints at Tesla Roadster’s “hovering” abilities in SpaceX package
But it is not a straightforward thing for Musk. As a serial entrepreneur, he tends to spend his time on major disruptors; currently, his largest projects are artificial intelligence and compute power, as well as SpaceX’s launches that will eventually make life multiplanetary.
In the past, he has been critical of flying cars and has been in favor of tunnels, one of the big reasons he started the Boring Company. In 2017 at a TED talk, he said:
“There is a challenge with flying cars in that they’ll be quite noisy. The wind force generated will be very high. Let’s just say that if something’s flying over your head, if there are a whole bunch of flying cars all over the place, that is not an anxiety-reducing situation…You’re thinking, ‘Did they service their hubcap? Or is it going to come off and guillotine me as they’re flying past?'”
However, he’s never been against them. He has also said he’s in favor of both tunnels and flying cars.
Contrary to press reports, I’m not against flying cars. Just said it was important to consider both pros and cons.
— Elon Musk (@elonmusk) March 24, 2015
Most recently, Musk said that anyone who wants a flying car should be able to get one. This was stated last October on the Joe Rogan Experience:
“My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars… I think if Peter wants a flying car, we should be able to buy one.”
Whether the Roadster will be Tesla’s flying car or potentially another one remains in the mind of Musk. Of course, the Roadster will have to make its way to production lines before we find out.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
Investor's Corner
Tesla has one big financial question to answer for investors: Morgan Stanley
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
