

News
SpaceX sets new Falcon 9 Block 5 reusability milestones for second half of 2019
Speaking at 2019’s Asia-Pacific Satellite (APSAT) Conference, SpaceX Vice President of Commercial Sales Jonathan Hofeller – squeezed into a sea of breaking-news updates – announced that the company plans to launch the same Falcon 9 Block 5 booster for the fifth (or sixth) time by the end of 2019.
Just an add-on at the end of a number of updates focused on SpaceX’s next-generation Starship/Super Heavy rocket, the phrasing reported by SpaceNews.com technically means that there are plans for a Falcon 9 booster to launch for the sixth time in the second half of 2019. The demonstration of such an extreme level of operational reusability barely 18 months after Falcon 9 Block 5’s debut would make it clear that SpaceX’s latest Falcon upgrade has been a resounding success. In line with those positive signs, Hofeller also noted that SpaceX is already starting to transfer the fruits of those labors to its customers by permanently lowering the base price of Falcon 9 launch contracts.
Block 5 off to a spectacular start
First reported on by SpaceNews’ Caleb Henry, one of a few spaceflight journalists able to attend 2019’s Jakarta, Indonesia-based APSAT conference, details about the near-term future of Falcon 9 Block 5 reusability milestones were effectively tacked on at the end of much higher-profile breaking-news tidbits. Although wildly ambitious Starship goals led headlines (stay tuned for Teslarati’s own analysis later this week), the fact remains that ambitious development goals are inherently tenuous and likely to slip, particularly when the subject is large-scale, fully-reusable launch vehicles developed from a nearly blank slate.
What is not up for debate, however, is the fact that SpaceX’s Falcon 9 Block 5 upgrade is already flying routinely and reliably. After a successful debut in May 2018, Block 5 took over all SpaceX launches less than two months later. Since then, a total of 12 freshly-built Block 5 boosters have supported 16 Falcon 9 and 2 Falcon Heavy launches, ten – more than half – of which involved flight-proven boosters. According to official statements made recently by SpaceX executives, Block 5 boosters are expected to support an additional 12-19* launches in the second half of 2019.
*Derived by stacking “2-6 dedicated Starlink launches” and SpaceX’s 2019 target of 18-21 non–Starlink launches
Tied directly to claims that the same Falcon 9 Block 5 booster will launch for the fifth or sixth time by the end of 2019, SpaceX already has three Falcon 9 boosters that have each completed a trio of launches, as well as an additional five with either one or two launches under their belts. Pictured at the top of the article, all three thrice-flown Falcon 9 boosters – B1046, B1048, and B1049 – could arguably be selected to become the next pathfinder as SpaceX prepares to put boosters through their fourth launches and beyond.
Rumored to be assigned to Crew Dragon’s in-flight abort (IFA) test prior to a major capsule anomaly on April 20th, B1046 could be off the manifest if SpaceX is confident that said IFA test can still be performed within the next several months. It’s currently unclear if that is a viable option for SpaceX’s Crew Dragon schedule, likely to remain uncertain until the failure investigation is fully completed and any necessary design/hardware/software fixes have been implemented. B1046 completed its third launch in December 2018 (a full six months ago), followed by B1048 in February 2019 and B1049 in May 2019. Although the “unknown territory” aspect of Block 5 reuse milestones is becoming less noteworthy, SpaceX is still likely to treat B104X’s fourth launch as a pathfinder, requiring extra time to dot I’s and cross T’s. With B1046 and B1048 potentially ready to go, that milestone could come any time now.
SpaceX customers already reaping financial benefits
Meanwhile, although certain heads-in-sand competitors continue to act and claim otherwise, SpaceX has reportedly normalized earlier prices for customers flying on flight-proven milestone missions. Speaking at APSAT, SpaceX’s Jonathan Hofeller indicated that that pricing is now the company’s “normal pricing”, pushing Falcon 9’s base price as low as ~$50M according to comments CEO Elon Musk made about a year ago. Two years prior to those comments and about six months prior to SpaceX’s first-ever booster reuse, COO and President Gwynne Shotwell reported that the company was offering discounts of ~10% for customers willing to contract launches on flight-proven Falcon 9 boosters.
In other words, SpaceX has cut Falcon 9’s base launch costs by anywhere from 10-20% over the last three years, a period in which the Falcon 9 V1.2 Full Thrust rocket’s capabilities were also dramatically upgraded from Block 1 (debut: December 2015) through Block 5 (debut: May 2018). Speaking during a press conference focused on Falcon 9 Block 5’s launch debut, CEO Elon Musk estimated that SpaceX has spent more than $1 billion to develop Falcon 9 reusability, while he previously estimated Falcon Heavy’s development costs to be well north of ~$500M. Musk and other execs have previously confirmed that SpaceX means to recoup some or all of that investment, indicating that the current margins of Falcon 9 launch contracts must be extremely favorable.
SpaceX has a healthy commercial manifest and will need to support dozens to hundreds of its own dedicated Starlink launches in order to orbit an operational and profitable constellation.
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Investor's Corner
Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries
The firm reiterated its Overweight rating and $355 price target.

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025.
The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.
On Tesla’s vehicle deliveries in Q3 2025
During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report.
“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.
A bright spot in Tesla Energy
Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.
“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated.
Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.
Elon Musk
Elon Musk’s xAI becomes Memphis’ 2nd largest taxpayer in just one year: report
Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape.

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape. In just twelve months, the company has become the city and county’s second largest taxpayer.
The update was related in a report from The Wall Street Journal.
Memphis’ second-largest taxpayer
xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI’s large language model.
The buildout has injected billions into the region, making xAI one of Memphis’s most significant private investors and a symbol of the city’s high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city’s chamber of commerce, highlighted xAI’s contribution to the city’s economy in a comment to the WSJ.
“In one year, xAI has become the second largest taxpayer in the city and county after FedEx,” he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated “substantial economic commitment to our region, without any tax incentives.”
Not without controversy
Despite the economic boost, xAI’s footprint has drawn scrutiny. The company’s natural-gas-powered turbines are expected to consume a substantial amount of water and electricity. Critics have also expressed worries about pollution and increased utility costs, though others see Musk’s wastewater recycling plans and cleanup initiatives as meaningful offsets.
As per the WSJ, xAI’s positioning in the market may be quite different than what Musk is typically used to, considering that the CEO tends to become a first mover in key industries, such as the EV segment with Tesla and private spaceflight with SpaceX. With xAI, however, he is catching up to competitors, the most notable of which is a company he co-founded, OpenAI, and its ubiquitous large language model, ChatGPT.
News
Tesla all but confirms that affordable Model Y is coming Tuesday
It does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.

Tesla has released a cryptic teaser of a product that would be announced on Tuesday, October 7, 2025. Based on the company’s hint, it does appear that the product would be the affordable Model Y that has been spotted doing road tests across the country over the past months.
Affordable Model Y sightings
Last week, news emerged that a number of key Tesla influencers visited Gigafactory Texas for a private event. These included veteran Tesla YouTubers, car reviewers, influencers on X, and even a teardown expert who provided the initial insights on how to improve the original Model 3 sedan. At the same time, an uncovered unit of the apparent affordable Model Y was posted online. The vehicle was reportedly sighted close to Giga Texas.
The new Model Y variant had some notable changes from the standard Model Y. Its fascia seemed inspired by the Model 3 sedan instead of the Cybertruck, and its roof seemed blacked out. Overall, it looked like a simpler Model Y designed to be offered at an affordable price.
The weekend teasers
Teasers about an upcoming product were posted by Tesla’s official account on social media platform X, though the electric vehicle maker made it a point to keep things very vague. Initially, a closeup video of what appeared to be an aero wheel was posted, though it was vague enough that some speculated that it could be Elon Musk’s long-announced HVAC system instead.
On Sunday, another teaser video was posted featuring the headlights of a new car. This brought speculations that the new Roadster might finally be announced. Inasmuch as a new Roadster unveiling would be exciting, however, it was evident that the headlights in the new teaser were a match to the uncovered affordable Model Y unit that was spotted close to Giga Texas a few days ago. With this in mind, it does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.
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