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SpaceX customer reaffirms third Falcon Heavy mission’s Q2 2019 launch target
Taiwan’s National Space Organization (NSO) has reaffirmed a Q2 2019 launch target for SpaceX’s third-ever Falcon Heavy mission, a US Air Force-sponsored test launch opportunity known as Space Test Program 2 (STP-2).
Set to host approximately two dozen customer spacecraft, one of the largest and most monetarily significant copassengers riding on STP-2 is Formosat-7, a six-satellite Earth sensing constellation built with the cooperation of Taiwan’s NSO and the United States’ NOAA (National Oceanic and Atmospheric Administration) for around $105M. If successfully launched, Formosat-7 will dramatically expand Taiwan’s domestic Earth observation and weather forecasting capabilities, important for a nation at high risk of typhoons and flooding rains.
Formosat-7, the latest generation of the series, is jointly developed by #Taiwan’s National Space Organization and the #US National Oceanic and Atmospheric Administration following an agreement signed in 2010. https://t.co/7hj2ijFutZ
— Asia Times (@asiatimesonline) January 7, 2019
Although Taiwan officials were unable to offer a target more specific than Q2 2019 (April to June), it’s understood by way of NASA comments and sources inside SpaceX that STP-2’s tentative launch target currently stands in April. For a number of reasons, chances are high that that ambitious launch target will slip into May or June. Notably, the simple fact that Falcon Heavy’s next two launches (Arabsat 6A and STP-2) are scheduled within just a few months of each other almost singlehandedly wipes out any possibility that both Heavy launches will feature all-new side and center boosters, strongly implying that whichever mission flies second will be launching on three flight-proven boosters.
To further ramp up the difficulty (and improbability), those three flight-proven Block 5 boosters would have to launch as an integrated Falcon Heavy, safely land (two by landing zone, one by drone ship), be transported to SpaceX facilities, and finally be refurbished and reintegrated for their second launch in no more than 30 to 120 days from start to finish. SpaceX’s record for Falcon 9 booster turnaround (the time between two launches) currently stands at 72 days for Block 4 hardware and 74 days for Block 5, meaning that the company could effectively need to simultaneously break its booster turnaround record three times in order to preserve a number of possible launch dates for both missions.
Look who was waving at passing planes over McGregor today!
A Falcon Heavy side booster on the McGregor test stand for a static fire test. pic.twitter.com/S7af6b0gHk
— NSF – NASASpaceflight.com (@NASASpaceflight) November 18, 2018
If it turns out the USAF is actually unwilling to fly its first Falcon Heavy mission on all flight-proven boosters (a strong possibility) or that that has never been the plan, STP-2’s claimed Q2 2019 target would likely have to slip several months into 2019. This would afford SpaceX more time and resources to build an extra three new Falcon Heavy boosters (two sides, one center), each of which requires a bare minimum of several weeks of dedicated production time and months of lead time (at least for the center core), all while preventing or significantly slowing the completed production of other new Falcon boosters.
The exact state of SpaceX’s Falcon 9 and Heavy production is currently unknown, with indications that the company might be building or have already finished core number B1055 or higher, but it’s safe to say that there is not exactly a lot of slack in the production lines in the first half of 2019. Most important, SpaceX likely needs to begin production of the human-rated Falcon 9 boosters that will ultimately launch the company’s first two crewed Crew Dragons as early as June and August, respectively.
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- Falcon Heavy is seen here lifting off during its spectacular launch debut. (SpaceX)
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- LZ-1 and LZ-2, circa February 2018. (SpaceX)
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- A Falcon Heavy side booster was spotted eastbound in Arizona on November 10th. (Reddit – beast-sam)
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- The second Falcon Heavy booster in four weeks was spotted Eastbound in Arizona by SpaceX Facebook group member Eric Schmidt on Dec. 3. (Eric Schmidt – Facebook)
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- The second (and third) flight of Falcon Heavy is even closer to reality as a new side booster heads to Florida after finishing static fire tests in Texas. (Reddit /u/e32revelry)
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- The next Falcon Heavy’s first side booster delivery was caught by several onlookers around December 21. (Instagram)
If the first Falcon 9 set to launch an uncrewed Crew Dragon (B1051) is anything to go off of, each human-rated Falcon 9 is put through an exceptionally time-consuming and strenuous range of tests to satisfy NASA’s requirements, requiring a considerable amount of extra resources (infrastructure, staff, time) to be produced and readied for launch. B1051 likely spent 3+ months in McGregor, Texas performing checks and one or several static fire tests, whereas a more normal Falcon booster typically spends no more than 3-6 weeks at SpaceX’s test facilities before shipping to its launch pad.
Ultimately, time will tell which hurdles the company’s executives (and hopefully engineers) have selected for its next two Falcon Heavy launches: an extraordinary feat of Falcon reusability or a Tesla-reminiscent period of Falcon production hell?
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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
