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A SpaceX surprise: Falcon Heavy booster landing to smash distance record
In an unexpected last-second change, SpaceX has moved Falcon Heavy Flight 3’s center core landing on drone ship Of Course I Still Love You (OCISLY) from 40 km to more than 1240 km (770 mi) off the coast of Florida.
Drone ship OCISLY is already being towed to the landing site, necessary due to the sheer distance that needs to be covered at a leisurely towing pace. The current record for distance traveled during booster recovery was set at ~970 km by Falcon Heavy center core B1055 in April 2019. If successful, Falcon Heavy center core B1057 will smash that record by almost 30% after sending two dozen spacecraft on their way to orbit. Falcon Heavy Flight 3 is scheduled to lift off in support of the Department of Defense’s Space Test Program 2 (STP-2) mission no earlier than 11:30 pm ET (03:30 UTC), June 24th. A routine static fire test at Pad 39A will (hopefully) set the stage for launch on Wednesday, June 19th.
This comes as a significant surprise for several reasons. First and foremost, the difference between a center core landing 40 km or 1300 km from the launch site is immense. For Falcon Heavy, the center core shuts down and separates from the rest of the rocket as much as a minute after the rocket’s two side boosters, potentially doubling the booster’s relative velocity at separation.
That extra minute of acceleration means that the center core can easily be 50-100+ km downrange at the point of separation. In other words, landing 40 km offshore aboard drone ship OCISLY would be roughly akin to a full boostback burn, meaning that the center core would need to nullify all of its substantial downrange velocity, turn around, and fly ~50-100 km back towards the launch site. Being able to perform such an aggressive maneuver would indicate that Falcon Heavy’s boost stage has a huge amount of propellant (delta V) remaining after completing its role in the launch.
To have STP-2’s center core recovery moved from 40 km to 1240 km thus indicates an absolutely massive change in the rocket’s mission plan and launch trajectory. For reference, Falcon Heavy Flight 2’s Block 5 center core (B1055) set SpaceX’s current record for recovery distance (970 km/600 mi) after launching Arabsat 6A – a massive ~6500 kg (14,300 lb) satellite – to a spectacularly high transfer orbit of >90,000 km (56,000 mi).
Why so spicy?
There are three obvious possibilities that might help explain why the STP-2 mission has abruptly indicated that it will require SpaceX’s most energetic booster recovery yet.
1. STP-2 is carrying at least 1-2 metric tons worth of mystery payload(s)
This is highly unlikely. The USAF SMC has already released a SpaceX photo showing the late stages of the STP-2 payload stack’s encapsulation inside Falcon Heavy’s payload fairing. Short of an elaborate faked encapsulation followed by the installation of additional mysterious spacecraft or some extremely dense hardware hidden inside, it’s safe to say that the STP-2 payload stack weighs what the USAF says it weighs, which is to say not nearly heavy enough to warrant a record-smashing booster recovery given the known orbital destinations.
The USAF further confirmed that there is no ballast on the stack, removing the possibility of a lead weight or steel boilerplate meant to artificially push Falcon Heavy to its limits.
2. STP-2’s already-challenging Falcon upper stage mission profile is even more exotic than described
Per official mission overviews, it’s already clear that STP-2 could be the most challenging launch ever attempted for SpaceX’s orbital Falcon upper stage. According to SpaceX itself, “STP-2…will be among the most challenging launches in SpaceX history, with four separate upper-stage engine burns, three separate deployment orbits, a final propulsive passivation maneuver, and a total mission duration of over six hours.”
While undeniably challenging, it’s not clear why it would require such a high-energy center core recovery. With a payload mass of just ~3700 kg, Falcon 9 has launched much larger payloads to (relatively) higher orbits, but this fails to account for the added challenge of long coasts and multiple different orbits. Also of note, the above graph (courtesy of a years-old USAF document) appears to disagree with SpaceX’s description of “four… upper-stage burns”, instead showing five burns (red spikes).
More likely than not, OCISLY’s ~1200-kilometer move can be explained largely by the reintroduction of what the above graph describes as the Falcon upper stage’s “disposal burn”, likely referring to a deorbit burn. On top of the delta V already required for the first four burns, it isn’t out of the question that an additional coast and deorbit burn from 6000 km (3700 mi) would push the recovery equation in favor of attempting to incinerate center core B1057.
3. USAF/DoD conservatism strikes again?
The last plausible explanation for this radical shift is that the US Air Force/Department of Defense (DoD) has decided last-second that they want more margins on top of their already-overflowing safety margins, quite literally pushing B1057 to the edge of its performance envelope to mitigate low-probability failure modes. This has been done to an even more extreme extent with the US Air Force’s recent GPS III SV01 launch, in which SpaceX was forced to expend a new Falcon 9 Block 5 booster to provide the extreme safety margins the USAF desired.
According to the USAF, the STP-2 mission – including launch costs – represents as much as $750M, coincidentally similar to the estimated cost of the GPS III SV01 satellite and an expendable Falcon 9 rocket. As such, it’s not out of the question that a similar level of paranoia/conservatism is in play for STP-2.
Numbers 2 and 3 are equally plausible explanations for this last-second booster recovery shift. Given the US military’s active involvement, it’s more likely than not that no explanations will be offered. Regardless, this surprise development is bound to result in a truly spectacular recovery attempt for SpaceX’s second Block 5 center core and will likely involve breaking several still-fresh records in the process.
Falcon Heavy Flight 3 is in the middle of rolling out to SpaceX’s Kennedy Space Center Pad 39A launch facilities for a routine pre-launch static fire test, scheduled to occur no earlier than 12:30 pm ET (16:30 UTC), June 19th. If all goes well, SpaceX should be on track for its first STP-2 launch attempt at 11:30 pm ET (03:30 UTC), June 24th.
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Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
