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SpaceX preparing giant crane to assemble Starship’s first Florida launch tower
SpaceX has begun staging and assembling parts of a giant crane it will soon need to stack Starship’s first East Coast launch tower and install other major launch pad components.
The presence of the base of that crane at SpaceX’s NASA Kennedy Space Center (KSC) Launch Complex 39A was visually confirmed by NASASpaceflight.com photographers during a weekly aerial tour of the area on June 3rd. Four days later, Teslarati photographer Richard Angle observed more major crane components on their way to Pad 39A, including the crane’s cabin.
More likely than not, the crane SpaceX or its contractor has begun assembling at 39A is a Liebherr LR 11350, the same kind of crane the company used to assemble Starship’s first orbital launch site and tower in South Texas. In fact, given how few LR 11350s there are in existence, it’s entirely possible that it’s the exact same crane. Assembly of that crane began around April 2021 and took a month and a half, at which point it was finally ready to lift an extended boom long enough to assemble a tower almost 500 feet (~150 meters) tall.
Pad 39A’s Starship launch tower is expected to be very similar to Starbase’s, although it will undoubtedly carry over numerous design changes thanks to lessons learned while building and outfitting the first tower. In fact, SpaceX has already assembled five of the nine individual sections that will eventually be stacked to form that tower, and one such change is already obvious. Instead of stacking each tower section as soon as its barebones framework is complete, SpaceX is taking a more methodical approach to its second launch tower. In an apparent attempt to limit the amount of work that needs to be done at Pad 39A itself, each of those segments is being thoroughly outfitted with secondary structures (ladders, doors, walkways, frames, raceways, etc.) before stacking.
SpaceX may even pre-install most of the thousands of feet of plumbing needed to connect a Starship to ground systems located around 90 meters (~300 ft) below it. Once stacked, each section – including all those partial propellant and gas lines – will still need to be joined together, but that process should be far easier than fully installing all the systems the tower needs to do its job. Outfitting Starbase’s launch tower, for example, took SpaceX around half a year and, to some extent, is still ongoing 11 months after the final stack. That likely explains why Starship’s 39A tower section assembly appears to be taking more time. With any luck, partially combining the outfitting and section assembly stages will significantly expedite final assembly, as far less work will need to be done at extreme heights or require a skyscraper-sized crane.
Through Starbase, SpaceX has already demonstrated the ability to stack a Starship launch tower from its unoccupied concrete base to its final height of ~145 meters (~475 ft) in about two months flat. While SpaceX will have to slalom its way around Pad 39A’s busy launch manifest, there’s no reason to believe that Starship’s first Florida launch tower won’t be stacked at least as quickly.
Aside from the arrival of crane parts, SpaceX has also made great progress on the Starship launch site itself. In the last few weeks, the company appears to have completed several significant concrete pours on the tower base. SpaceX has also installed all six of the pedestal-like orbital launch mount’s legs after months of foundation work. Elsewhere at Cape Canaveral, a different team has made excellent progress assembling the massive donut-like platform that will sit on top of those legs. Due to its extreme weight (possibly around 300 metric tons, per Elon Musk’s comments on the Starbase mount), the same LR 11350 crane will also be needed for that major installation milestone.
Plenty of parts are still missing, of course. Four tower sections still need to be assembled. Starship’s first Florida launch tower will need its own set of two ‘chopstick’ arms for lifting and (maybe) catching Starship and Super Heavy, as well as a third swinging quick-disconnect arm to connect Starship to ground systems. Aside from delivering several new tanks, SpaceX has also made no apparent progress on adding a massive methane propellant farm to Pad 39A, and it’s possible that the pad’s oxygen farm will also need to be expanded. Propellant storage has proven to be a major headache for SpaceX at Starbase.
Nonetheless, SpaceX is making great progress on most of the most difficult parts of Starship’s first Florida launch site, and there’s a good chance that just like its launch mount, work on the pad’s tower arms is already underway somewhere offsite. A great deal of work remains to be done but SpaceX is still well on its way to launching Starships out of Kennedy Space Center in the not-too-distant future.
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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.
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.
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.
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
