Update #2: SpaceX has successfully delivered Starlink 4-4 – batch of 52 new satellites – to low Earth orbit (LEO), completing the first of three back-to-back Falcon 9 launches scheduled less than three days apart.
Starlink 4-4 marks the 98th successful Falcon landing, the first time SpaceX has performed a non-polar Starlink launch from its West Coast pad, and the first time a Falcon 9 booster has completed 11 orbital-class launches and spaceflights. Up next, SpaceX is scheduled to launch Turkey’s Turksat 5B geostationary communications satellite out of its Cape Canaveral, Florida LC-40 pad. Falcon 9 could lift off as early as 10:58 pm EDT, Saturday, December 18th (03:58 UTC 19 Dec) – just 15 hours after Starlink 4-4. Set in September 2021, SpaceX’s current record is two launches in ~44 hours.
Update: SpaceX’s second dedicated West Coast Starlink launch has slipped to no earlier than (NET) 1:24 am PDT (09:24 UTC) on Saturday, December 18th. Headed to an orbit unusual for a Vandenberg Space Force Base launch, Starlink 4-4 could now lift off just 18 hours before a different SpaceX mission – Turksat 5B – lifts off from the opposite side of the country.
Barring delays to Cargo Dragon’s CRS-24 space station resupply mission, which remains scheduled for 5:06 am EDT on December 21st, that means that SpaceX is now on track to launch three Falcon 9 rockets in three days (less than 73 hours).
SpaceX appears to be on track to round out a record-breaking year with three Falcon 9 launches in four days.
With the diverse trio of missions, SpaceX will orbit another batch of laser-linked Starlink satellites, deliver a large communications satellite to geostationary transfer orbit (GTO), send a Dragon to space for sixth time this year, and break at least two company records. The first mission, known as Starlink 2-3, could occur as early as the morning of December 17th, kicking off an incredibly busy period of launches – and not just for SpaceX.
Starlink 2-3
Referring to the fact that the mission will be the third launch for the second distinct group or ‘shell’ of Starlink satellites, Starlink 2-3 will actually be the second dedicated launch to a semi-polar orbit, leapfrogging Starlink 2-2 for unknown reasons after Starlink 2-1’s successful September launch. Originally scheduled to launch in mid-October, SpaceX was forced to stand down just a few days before liftoff for unknown reasons and at least a week or two of delays soon put Starlink 2-3 at risk of clashing with the company’s upcoming NASA DART launch, which unsurprisingly took precedence. SpaceX successfully launched the Double Asteroid Redirection Test (DART) mission on November 24th.
Late on December 13th, tugboat Scorpius likely departed Port of Long Beach with SpaceX drone ship Of Course I Still Love You (OCISLY) in tow – a fairly airtight confirmation that a SpaceX launch is just a handful of days away. Based on safety Notices to Airmen and Mariners (NOTAMs/NOTMARs), Starlink 2-3 is scheduled to launch sometime between 12am and 6am PDT (UTC-8) on Friday, December 17th. If accurate and SpaceX stays on schedule, Falcon 9 could lift off from the company’s Vandenberg SLC-4E launch pad with Starlink 2-3 in tow just 22 days after a different Falcon 9 rocket launched DART – smashing the pad’s current 36-day turnaround record by almost 40%.
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Aside from drastically increasing the maximum theoretical launch cadence SpaceX’s West Coast pad is capable of supporting, Starlink 2-3 is also expected – as it was in October – to fly on Falcon 9 booster B1051, potentially making the mission the first time a liquid rocket booster has completed eleven orbital-class launches. B1051 debuted in March 2019, sending an uncrewed Crew Dragon on its way to orbit for the first time. Before SpaceX’s Starlink launch cadence fell off a cliff in the second half of 2021, B1051 completed its tenth launch on May 9th, 2021, averaging one launch every ~80 days over a two-year career. Starlink 2-3 will be B1051’s first launch in 7 months and eleventh launch in 33 months.
Turksat 5B
As early as 11:58 pm EDT (UTC-5) on Saturday, December 18th, another Falcon 9 rocket is scheduled to launch Turkey’s Turksat 5B geostationary communications satellite from SpaceX’s Cape Canaveral LC-40 pad. There’s a good chance that former Falcon Heavy booster B1052 – recently converted into a Falcon 9 after more than two years in storage – will be assigned to the mission, which is set to be SpaceX’s 30th orbital launch in 2021.
CRS-24 and more!
Finally, a different Falcon 9 (possibly B1062 or even a new booster entirely) is scheduled to launch a new Cargo Dragon 2 spacecraft on CRS-24 – potentially the company’s 23rd operational International Space Station (ISS) resupply run since October 2012. It will be Falcon 9’s sixth Dragon launch of 2021 – another record for SpaceX and the spacecraft. If the schedule holds, CRS-24 could lift off as early as 5:06 am EDT (UTC-5) on Tuesday, December 21st and would be SpaceX’s third Falcon 9 launch in roughly 100 hours (a little over four days). CRS-24 is expected to be SpaceX’s 31st and final launch of 2021, beating out the 26-launch record it set just last year.
However, the rest of the world isn’t quite finished. As early as the day after CRS-24, an Ariane 5 rocket is scheduled to launch the almost $10 billion, NASA-built James Webb Space Telescope (JWST). Decades in the making, JWST will be the single most expensive payload and the largest space telescope ever launched and is functionally irreplaceable and hard (but not impossible, if the political will is there) to repair, making it perhaps the most universally nerve-wracking uncrewed launch in the history of spaceflight.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Tesla has one big financial question to answer for investors: Morgan Stanley
