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SpaceX launches three Falcon 9 rockets in 36 hours
SpaceX has successfully completed three Falcon 9 launches in just over 36 hours, highlighting the company’s continuous push towards ever-higher launch cadences in 2022.
In February, shortly after a NASA oversight panelist revealed that SpaceX was targeting 52 launches in 2022, CEO Elon Musk confirmed that the company’s goal was for “Falcon [to] launch about once a week” throughout the year. In October 2020, continuing a tradition of extremely ambitious SpaceX launch cadence targets, Musk had also tweeted that “a lot of improvements” would need to be made to achieve his goal of 48 launches – an average of four launches per month – in 2021. Ultimately, SpaceX fell well short of that target, but did set a new annual record of 31 launches in one year, breaking its 2020 record of 26 launches by about 20%. However, perhaps even more important than the new record was the fact that SpaceX was able to complete six launches in four weeks at the end of 2021.
That impressive and unexpected achievement would turn out to be an explicit sign of things to come in 2022.
SpaceX’s successful completion of three launches in 36.5 hours is merely an extension of that feat. In the same four-week period at the end of 2021, SpaceX completed three of those six launches in 69 hours. Two months later, SpaceX did it again, launching three Falcon 9 rockets from all three of its Falcon launch pads in 67 hours.
More importantly, SpaceX has also managed to sustain an average cadence of more than one Falcon launch per week throughout the first half of 2022, completing its 26th launch of the year on June 19th with another two launches planned before the end of the month. SpaceX has actually sustained that cadence for even longer. Beginning on November 24th, 2021, SpaceX has now completed 32 Falcon 9 launches in less than seven months.
The company’s latest hat-trick or triple-header began on Friday, June 17th, when Falcon 9 booster B1060 lifted off at 12:09 pm EDT from SpaceX’s NASA Kennedy Space Center LC-39A pad, helped carry another 53 Starlink V1.5 satellites into space, and became the first Falcon booster to launch and land 13 times. Starlink 4-19 was also SpaceX’s 49th dedicated Starlink launch, SpaceX’s 50th consecutively successful Falcon booster landing, and 100th successful Falcon booster reuse.
22 hours later, a second Falcon 9 rocket lifted off from SpaceX’s Vandenberg Space Force Base SLC-4E pad at 7:19 am PDT, Saturday, June 18th carrying the first of three SARah radar satellites for Germany and an unspecified number of rideshare payloads. For the third time this year, booster B1071 successfully boosted back to shore and touched down at SLC-4E’s LZ-4 landing pad shortly after liftoff.
Finally, at 12:27 am EDT on Sunday, June 19th, a third Falcon 9 rocket lifted off from SpaceX’s Cape Canaveral Space Force Station LC-40 pad carrying a single spare Globalstar-2 communications satellite and, apparently, several secret rideshare payloads. Falcon 9’s Globalstar launch occurred just over 14 hours after SARah-1, breaking SpaceX’s record time between two orbital launches.
Globalstar FM15 was also SpaceX’s 26th launch of 2022, averaging one launch every 6.5 days in the first half of the year. June isn’t over, however, and SpaceX still has plans to launch Starlink 4-21 on June 25th and the SES-22 geostationary communications satellite on June 28th. If both launches avoid delays, SpaceX will end the first half of 2022 with 28 successful orbital launches. Perhaps even more significantly, after another two launches in the last days of June, SpaceX will have launched 17 times in a single quarter – equivalent to 68 launches per year if sustained for four quarters. In the history of spaceflight, a single rocket family has never successfully launched more than 61 times in one year.
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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.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
