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SpaceX unveils next-gen Starlink V2 Mini satellites ahead of Monday launch
SpaceX has released official specifications and photos of its next-generation Starlink V2 Mini satellites, which are set to launch for the first time as early as Monday, February 27th.
The new satellites are the future of SpaceX’s Starlink constellation, and the information the company revealed helps demonstrate why.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
SpaceX’s confusingly-named Starlink 6-1 mission will carry the first 21 Starlink V2 satellites into low Earth orbit (LEO) as early as 1:38 pm EST (18:38 UTC) on Monday, February 27th. The satellites will operate under SpaceX’s Starlink Gen2 FCC license, which currently allows the company to launch up to 7,500 of a nominal 29,998 satellites. At the same time as it continues to fill out its smaller 4,408-satellite Starlink Gen1 constellation with smaller V1.5 satellites, SpaceX has already begun launching the same smaller V1.5 satellites under the Gen2 license.
Eventually, those smaller and less capable satellites will likely be replaced with larger V2 satellites, but SpaceX appears to have decided that quickly adding suboptimal capacity is better than waiting for an optimal solution. In theory, that optimal solution is larger Starlink V2 satellites. As discussed in a previous FCC filing, SpaceX intends to operate up to three different types of Starlink satellites in its Starlink Gen2 constellation. The first variant is likely identical to the roughly 305-kilogram (~673 lb) Starlink V1.5 satellites that make up most of its Starlink Gen1 constellation.
Meanwhile, SpaceX has already built and delivered dozens of full-size Starlink V2 satellites to Starbase, Texas. Those more optimal spacecraft reportedly weigh anywhere from 1.25-2 tons (2750-4400 lb) each, offer almost 10 times more bandwidth than V1.5 satellites, and are so large and ungainly that they can only be launched by SpaceX’s next-generation Starship rocket. Starship is substantially delayed, however, so SpaceX chose to develop a third Starlink satellite variant combining many of the full-size V2 benefits into a package that can be launched by SpaceX’s existing Falcon 9 rocket.
Prior to SpaceX’s February 26th tweets, all that was known about those Starlink “V2 Mini” satellites were a few specifications included in a response to the FCC. The new information provided by SpaceX appears to confirm some of those specifications. For example, knowing that Falcon 9 will carry 21 V2 Mini satellites and that the rocket’s current payload record is 17.4 tons, each V2 Mini satellite likely weighs no more than 830 kilograms (~1830 lb). That’s very close to the 800-kilogram estimate provided in the October 2022 filing.
More importantly, SpaceX revealed that each Starlink V2 Mini satellite will have more powerful antennas and access to a new set of frequencies. Combined, each satellite will have up to “~4x more capacity…than earlier iterations” like Starlink V1. Compared to current V1.5 satellites, that means that Starlink V2 Mini could squeeze approximately 50% more network capacity out of each unit of satellite mass. As a result, even though the larger V2 Mini design has reduced the number of satellites Falcon 9 can launch almost threefold, the 21 V2 Mini satellites it can launch will add ~50% more bandwidth than the ~57 V1.5 satellites it would have otherwise launched.
The larger satellites mean that it will take three times as many Falcon 9 launches to expand Starlink V2 coverage, but the areas that are covered will have the capacity to serve several times more customers or deliver much higher bandwidth to the same number of customers.
SpaceX also announced that it has developed a new argon-fueled Hall effect thruster for Starlink V2 satellites. To avoid the high costs of xenon propellant, the most common choice of fuel for electric propulsion systems, SpaceX already developed a first-of-its-kind krypton Hall effect thruster for Starlink V1 and V1.5 satellites. Spread over the almost 4000 Starlink V1.x satellites SpaceX has launched since May 2019, the relatively low cost of krypton (roughly $500-1500/kg vs. $3000-10,000+/kg for xenon) has likely saved the company hundreds of millions of dollars.
The shift from krypton to argon could be similarly beneficial. Relative to krypton, the argon required to fuel Starlink V2 satellites will be practically free. 99.999%-pure argon can be purchased in low volumes for just $5 to $17 per kilogram, and each Starlink V2 Mini satellite will likely need less than 80 kilograms. SpaceX likely spent around $50 million (+/- $25M) on krypton for the almost 4000 Starlink V1 satellites it’s launched to date. As a result, even if every Starlink V2 satellite needs an excessive 200 kilograms of argon, fueling its next constellation of almost 30,000 V2 satellites could cost SpaceX less than fueling 4000 V1 satellites.
Tune in below around 1:30 pm EST (18:30 UTC) to watch SpaceX’s first Starlink V2 launch live.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
