News
SpaceX installs second Starship Mk1 canard ahead of transport to launch pad
SpaceX has begun to install Starship Mk1’s second of two forward ‘canards’, aerodynamic flaps the rocket prototype will soon use to attempt the first radical skydiver-style landing. SpaceX technicians are likely working to fully outfit the rocket before transporting its nose section to the launch pad, where it can be mated to Starship Mk1’s lower tank and engine section.
This second canard installation follows just a few days after SpaceX technicians began installing the first fin, a process that took a fair bit longer than usual as a result of new hardware integrated with the control surfaces this time around. Discussed earlier today, those large mechanism are likely the substantial actuators Starship will need to rapidly tweak its trajectory while falling through the atmosphere.
“Barely three weeks after the rocket’s forward flaps (canards) were removed, SpaceX technicians began the reinstallation process with one major visible difference: a massive motorcycle-sized actuator. The appearance of that previously unseen actuator mechanism on the first reinstalled canard suggests that this time around, SpaceX is installing Starship’s flaps with their final purpose of controlling Starship’s free-fall in mind.”
Teslarati, 11/04/2019
With the first installation complete, SpaceX’s Boca Chica technicians will likely be able to install Starship Mk1’s second canard more quickly. Beyond attaching the prototype’s control surfaces, SpaceX has also made a significant amount of progress outfitting Starship Mk1’s nose section with other hardware, notably fitting the nose’s exterior fuel lines with what is likely insulation.
That same black and silver insulation has been visible on SpaceX’s Starship Mk2 prototype in Cocoa, Florida, where technicians appear to have taken a slightly different step than Texas, insulating the plumbing before installing it on the vehicle.
Together again, at last
On October 30th, SpaceX lifted Starship Mk1’s tank and engine section onto a remote-controlled transported and moved the rocket half approximately a mile to its Boca Chica, Texas launch facilities, where Starship was installed on a freshly-constructed launch mount. SpaceX’s decision to move Mk1’s halves separately came as a bit of a surprise but appears to have been driven by a need to ensure that the spacecraft’s bottom half fit properly on the launch mount’s umbilical connections. Between the mount’s hefty steel beams, the beginnings of those panels (often deemed ‘quick disconnects’) are visible at the base of the panorama below.
Also visible around the base of Starship Mk1’s shiny aft section are a number of black steel structures – six, to be precise. Those protrusions are Starship’s landing legs, one of the last significant mechanisms installed on the rocket before SpaceX transported the half to the launch site. For unknown reasons, Starship Mk1’s legs – as well as Mk2’s – are almost nothing like those SpaceX have proposed for past Starship iterations and are even more dissimilar to Falcon 9’s extensively flight-proven hardware.
Instead of Falcon 9’s triangular, spread-eagle legs or BFR’s older tripod fin setup, Starship 2019 features six peg-like legs that only deploy or retract directly up or down. As some observers have noted, some of the hardware installed in and around those steel beam-like legs resembles industrial-grade linear brakes, suggesting that the legs will be deployed from their stowed positions by releasing those brakes and letting gravity do most of the work.
Layman concerns remain about the stability of six perfectly vertical legs with a span essentially the same as Starship’s own diameter, a possible indicator that the dead-simple landing legs on Mk1 and Mk2 may be dramatically simplified for the sake of speedy development. At the same time, it’s possible that their linear brake mechanisms could simultaneously offer some sort of minor suspension or terrain compensation, but their extremely narrow span fundamentally limits their potential stability. For landing on a prepared concrete slab, however, they will likely be sufficient, although almost any lateral velocity at all could result in Starship tipping over.
For now, SpaceX has road closures scheduled on November 7th, 8th, and 12th, the former two of which are probably more focused on transporting Starship Mk1’s nose section to the pad for installation atop the tank section. At the same time, SpaceX is clearly preparing for a series of major Starship tests, including a tank proof test, a wet dress rehearsal, and a triple-Raptor static fire. Stay tuned for updates!
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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
