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SpaceX will transition all launches to Falcon 9 Block 5 rockets after next mission
SpaceX’s 13th reuse of a Falcon 9 booster marked the second-to-last orbital mission of older boosters before the rocket’s highly reusable Block 5 upgrade takes over all future commercial launches.
If only for the staggering rise of SpaceX’s program of reusable rockets, June 4’s Falcon 9 launch was novel and thrilling in part because its flight-proven booster was intentionally stripped of all reuse-related hardware to bestow as much performance as possible on the mission’s large geostationary communications satellite payload, named SES-12. While this practice of intentionally expending non-Block 5 flight-proven boosters after launch has actually been fairly common over the course of the last seven Falcon 9 reflights, excluding Falcon Heavy – SpaceX is, in essence, betting heavily on the viability and success of the rocket’s quasi-final Block 5 upgrade.
SpaceX’s second to last commercial launch with a non-Block 5 Falcon 9 was completed around 1 am EST June 4. It’s once flight-proven booster ended its life in the Atlantic soon after liftoff. (Tom Cross)
Following June 4’s SES-12 launch, after which Falcon 9 S1 (B1040, previously flown on the September 2017 launch of a classified X-37B spaceplane) arced down its final parabola into the Atlantic, SpaceX has just a single commercial launch of a Block 4 booster scheduled. In fact, that launch happens to be next up on the company’s manifest: currently no earlier than (NET) June 28, CRS-15 will see the same booster (B1045) that launched NASA’s TESS exoplanet observatory scarcely ten weeks prior send a refurbished Cargo Dragon to the International Space Station. After CRS-15, which will also see its booster expended in the Atlantic, just one flightworthy Block 4 rocket will remain in SpaceX’s fleet, and that Falcon 9 booster is understood to be undergoing refurbishment for its final reflight. That mission, however, is a suborbital demonstration designed to prove that SpaceX’s Crew Dragon spacecraft can wrest its human passengers out of harm’s way in the event of a launch vehicle failure during flight (SpaceX already proved it can accomplish the same task while the rocket is still on the launch pad in a 2015 demo).
https://twitter.com/_TomCross_/status/1003509362906853376
No turning back now
While a critical path for SpaceX’s future of reliably delivering crew to orbit, its suborbital nature makes categorically distinct from past and future Falcon launches, all of which have been conducted with the intent of placing payload(s) into Earth orbit. Thus we arrive back at B1045 and CRS-15, currently scheduled as both SpaceX’s next launch and the final orbital mission before Falcon 9/Heavy Block 5 becomes the company’s only operational route to space for at least the next two years, give or take half a year. It’s thus somewhat poetic that the booster tasked with CRS-15 will easily smash SpaceX’s previous record for refurbishment (135 days) by almost a factor of two, going from drone ship recovery to reflight in as few as 71 days. Whatever it becomes, that refurbishment record will likely be broken by the first Block 5 reflight, a trend that will almost certainly continue until SpaceX reaches Musk’s fabled 24-hour turnaround, perhaps before the end of next year.
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- A flight-proven Falcon 9, B1040, looking particularly well-done before its second and final launch on June 4. (Tom Cross)
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- SES-12’s Block 4 booster roars into the air on its final flight. (SpaceX)
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- Falcon 9 Block 5 completed its first launch on May 11, carrying the Bangabandhu-1 communications satellite to geostationary transfer orbit. (Tom Cross)
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- It may not immediately look like a major departure from past versions, but Block 5 could theoretically usher in 10-100 reflights of a single rocket booster. (SpaceX)
Extrapolating from the launch company’s recent history, the culmination of CRS-15 will potentially leave SpaceX with as few as two Falcon 9 Block 5 boosters as its entire flight-ready rocket fleet, despite anywhere from 12 to 16 launches remaining on the second half of the company’s 2018 manifest. Currently standing at six boosters produced in 2018, roughly eight to be completed before the end of the year per COO and President Gwynne Shotwell (in this case likely boosters B1048-1056), an achievement that would grow the ranks of the company’s fleet of new Block 5 boosters to ten total. But, assuming a core is delivered from the Hawthorne factory every month, SpaceX will need to reuse Block 5 boosters as early as July to prevent considerable delays to their 2018 manifest, delays that would undoubtedly push multiple missions into 2019.
Here’s to hoping that the Block 5 upgrade is as incredible of a success as SpaceX has designed it to be. Follow the Teslarati team for real-time updates, glimpses behind the scenes, and photos from Teslarati’s East and West Coast photographers.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
