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SpaceX aces three Falcon 9 launches in 34 hours
SpaceX has successfully launched three Falcon 9 rockets less than 34 hours apart, leaving the company only one mission shy of CEO Elon Musk’s ambitious target of 60 launches in 2022.
The period was almost even more intense, with two launches briefly scheduled minutes apart and all three set to launch in the space of 10-11 hours. But the more conservative sequencing SpaceX ultimately settled on still produced impressive results and allowed the company to break its own world record for the fastest time to complete three launches of the same rocket. In June 2022, SpaceX managed three similar launches – a Starlink mission, a scientific Earth observation satellite, and a commercial communications satellite – in 36 hours and 18 minutes.
Six months later, SpaceX has shaved more than two hours off of its own feat with the successful launches of another Earth observation satellite, a pair of commercial communications satellites, and 54 Starlink satellites in 33 hours and 46 minutes.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
SpaceX’s latest hat trick began on December 16th with a Falcon 9 launch of the joint US-French Surface Water and Ocean Topography (SWOT) mission out of Vandenberg Space Force Base (VSFB), California. Delayed from December 12th and 15th, the launch was nonetheless a perfect success, placing the 2.2-ton (~4850 lb) radar satellite into a low Earth orbit that will allow it to precisely analyze virtually every inch of exposed water on Earth. That unprecedented capability should make it easier for scientists to study and understand Earth’s water cycle, as well as humanity’s substantial impact on those processes.
A little over 11 hours later, a second Falcon 9 rocket lifted off from SpaceX’s Cape Canaveral Space Force Station LC-40 pad carrying the first two Boeing-built O3b mPOWER satellites for satcom provider SES. Once again, SpaceX’s workhorse rocket did its job perfectly, even managing to exceed its contracted parameters according to SES CEO Steve Collar. Falcon 9’s better-than-expected performance will reduce the amount of time and propellant each 1.7-ton (~3750 lb) mPOWER satellite requires to reach its operational orbit, potentially ensuring a quicker path to revenue generation and longer useful lifespans.
SpaceX is on contract to launch all 11 initial mPOWER satellites. The next nine satellites will head to orbit sometime in 2023 and 2024 as Boeing completes them.
Finally, less than a day later after O3b mPOWER 1&2, a third Falcon 9 rocket lifted off from SpaceX’s NASA Kennedy Space Center LC-39A pad (just a few miles north of LC-40) with what could be the last full batch of “Group 4” Starlink V1.5 satellites. SpaceX’s first-generation Starlink constellation is comprised of five groups of satellites operating in distinct orbital ‘shells,’ and the company’s December 18th launch of Starlink 4-37 will leave SpaceX just 14 satellites away from fully finishing the second of two shells of 1584 satellites. All told, Starlink 4-37 was SpaceX’s 65th operational Starlink launch since November 2019 and the company likely has just ~20 launches to go to complete its first satellite constellation – already the largest in history by an order of magnitude.
All three launches were completed in less than a day and a half. Further emphasizing the breadth of SpaceX’s expertise, each Falcon 9 booster successfully landed after supporting their respective orbital launch, ensuring that those boosters will all be able to support more launches in the near future. In fact, Starlink 4-37 was the 15th mission for its Falcon 9 booster, B1058, breaking SpaceX’s internal reuse record and pushing the technology’s envelope. It remains to be seen if the company will push beyond 15 flights. In June 2022 interviews with Aviation Week, SpaceX executives stated that Falcon boosters would be retired after 15 flights – a big change from past indications that there was nothing preventing each booster from launching 100+ times with regular maintenance.
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Starlink 4-37 was also SpaceX’s 59th successful orbital launch of 2022. In March, CEO Elon Musk raised an earlier annual target of 52 launches to 60 launches. At the time, 60 launches in one year was almost inconceivable. Set in 1980, the all-time record for a family of rockets (the Russian R-7) is 61 successful launches in one calendar year.
But against all odds, SpaceX has relentlessly executed week after week and sustained an average of one launch every six days for more than 12 months. Multiple sources currently indicate that SpaceX has two more Falcon 9 launches scheduled this year: another Starlink mission as early as December 28th and a mission carrying the Israeli EROS-C3 Earth imaging satellite on December 29th. SpaceX’s Falcon rocket family thus has a chance to tie the all-time record of 61 R-7 family launches, which was backed by the entire Soviet Union at the peak of its national launch cadence.
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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
