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SpaceX rocket ready for second rideshare launch with 100+ small satellites
For the second time in six months, a SpaceX Falcon 9 rocket is ready to launch around 100+ small satellites into low orbit as part of a rideshare mission for dozens of companies and institutions.
Known as Transporter-2, the mission is SpaceX’s second dedicated launch under the Smallsat Rideshare Program it established in 2019. In 2020, SpaceX began its first launches under the program and delivered eight Earth observation satellites to orbit for Planet and BlackSky as co-passengers on three Starlink missions. A fourth Starlink rideshare was later completed with payloads from Capella Space and Tyvak in May 2021.
In January 2021, Falcon 9 successfully launched 143 small satellites into orbit on a mission known as Transporter-1, setting an all-time record for the number of spacecraft flown on a single rocket and emphasizing just how serious and competitive SpaceX’s Smallsat Program really is.
Six months after that milestone mission, Transporter-2 is now ready to launch. On June 22nd, a Falcon 9 rocket was loaded with hundreds of tons of liquid oxygen and rocket-grade kerosene (RP1) and flight-proven booster B1060 successfully ignited its nine Merlin 1D engines, completing a routine wet dress rehearsal (WDR) and static fire test. Transporter-2 will be B1060’s eighth spaceflight and orbital-class launch in less than a year, representing an average of one flight every ~45 days or six weeks.
Now cleared for flight, SpaceX will have since brought Falcon 9 horizontal and rolled the rocket back to its Cape Canaveral LC-40 pad’s integration hangar. Once there, Transporter-2’s payload ‘stack’ – already encapsulated in a payload fairing – will be installed on top of Falcon 9’s expendable second stage and the rocket will be rolled back out to the pad and brought vertical a second time.
It remains to be seen what exactly Transporter-2 will be carrying to orbit. Transporter-1 carried 133 customer spacecraft and 10 of SpaceX’s own Starlink satellites with a collective liftoff mass of around five metric tons (~11,000 lb). The true mass is unknown but the Falcon 9 booster supporting the mission had to land on a drone ship ~550 km (~340 mi) downrange. Transporter-2, however, will reportedly involve an increasingly rare return-to-launch-site (RTLS) landing for Falcon 9 booster B1060, implying that its payloads may be substantially lighter than its predecessor’s.
Based on a rough accounting of known Transporter-2 payloads from rideshare managers Spaceflight, Exolaunch, and others, the mission could feasibly launch with 100+ small satellites onboard. Relative to Transporter-1, the most obvious weight-saving solution would be to exclude Starlink satellites, which likely represented more than a third of missions payload mass at liftoff. Given that SpaceX also appears to be preparing for a flurry of dedicated polar Starlink launches from its West and East Coast pads that could begin as early as July, it’s fairly safe to assume that Transporter-2 will be Starlink-free.
Ultimately, Transporter-2 appears to be on track for a 2:56 pm EDT (18:56 UTC) launch on Friday, June 25th. Stay tuned for updates and webcast details.
Elon Musk
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI, Elon Musk’s artificial intelligence startup, has purchased five additional 380 MW natural gas turbines from South Korea’s Doosan Enerbility to power its growing supercomputer clusters.
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI’s turbine deal details
News of xAI’s new turbines was shared on social media platform X, with user @SemiAnalysis_ stating that the turbines were produced by South Korea’s Doosan Enerbility. As noted in an Asian Business Daily report, Doosan Enerbility announced last October that it signed a contract to supply two 380 MW gas turbines for a major U.S. tech company. Doosan later noted in December that it secured an order for three more 380 MW gas turbines.
As per the X user, the gas turbines would power an additional 600,000+ GB200 NVL72 equivalent size cluster. This should make xAI’s facilities among the largest in the world. In a reply, Elon Musk confirmed that xAI did purchase the turbines. “True,” Musk wrote in a post on X.
xAI’s ambitions
Recent reports have indicated that xAI closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. The funding, as per the AI startup, “will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products.”
The company also teased the rollout of its upcoming frontier AI model. “Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote in a post on its website.
Elon Musk
Elon Musk’s xAI closes upsized $20B Series E funding round
xAI announced the investment round in a post on its official website.
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development.
xAI announced the investment round in a post on its official website.
A $20 billion Series E round
As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others.
Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.
As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”
xAI’s core mission
Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.
xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5.
“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
Elon Musk’s xAI closes upsized $20B Series E funding round
