News
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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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
