SpaceX
SpaceX preps for Cargo Dragon, Falcon Heavy launches despite setbacks
Despite suffering the loss of the first Falcon Heavy Block 5 center core and a catastrophic failure of the first flight-proven Crew Dragon spacecraft in nearly the same week, SpaceX’s core operations continue as usual to prepare for multiple launches in the coming months.
The echoes of the past week’s failures and ‘anomalies’ will undoubtedly ring for months to come but SpaceX now finds itself in a unique situation. Despite the imminent start of a major failure investigation, it appears unlikely – at least for the time being – that it will impact the majority of Falcon 9 and Falcon Heavy launches planned for the rest of 2019. Currently on the Q2 2019 manifest are Cargo Dragon’s 17th operational mission (CRS-17), the first operational Starlink launch, Spacecom’s Amos-17 satellite, the Canadian Radarsat Constellation Mission (RCM), and Falcon Heavy’s third launch (STP-2).
Cargo Dragon – CRS-17
Following an April 20th explosion that destroyed Crew Dragon C201, SpaceX’s next launch – Cargo Dragon CRS-17 – has likely just become the most important in the near-term. Although Crew Dragon shares almost nothing directly in common with Cargo Dragon, both spacecraft still do come from the same lineage, relying on the same propellant and Draco maneuvering thrusters, as well as similar plumbing (excluding SuperDraco pods) and many of the same engineers and technicians.
On the other hand, Cargo Dragon has never suffered a catastrophic anomaly on the ground or in flight, although SpaceX has dealt with a fair share of less serious issues throughout the spacecraft’s operational life. Further, following the August 2017 launch of CRS-12, every CRS mission has launched with a flight-proven Cargo Dragon spacecraft. In fact, it’s quite likely that the CRS-12 Cargo Dragon capsule is the same spacecraft that has been refurbished for CRS-17, as it is currently the only flightworthy capsule to have only flown one orbital resupply mission.
It’s unclear which Falcon 9 booster has been assigned to CRS-17. NASA’s agreement with SpaceX for flight-proven boosters has been predicated on keeping those boosters ‘in-family’, so to speak, meaning that NASA will only accept flight-proven boosters if they have only flown NASA missions. The only booster that currently fits that bill is B1051, previously flown during Crew Dragon’s orbital launch debut on March 2nd, but B1051 has reportedly been assigned to SpaceX’s second Vandenberg launch of 2019 at the customer’s request. CRS-17 will thus likely launch on a new Falcon 9 booster (B1056). There is a chance that Crew Dragon’s catastrophic failure has severely contaminated the Landing Zone area with unburnt MMH and NTO, both of which are extraordinarily toxic to humans in even the tiniest of quantities.
Some launch-related questions may be answered in a NASA media briefing planned for 11am EDT, April 22nd. CRS-17 is scheduled to launch no earlier than 4:22 am EDT (08:22 UTC), April 30th.
Starlink, Falcon Heavy, and more
Meanwhile, the Falcon upper/second stage (S2) spotted in the tweet at the top of the article serves as evidence of preparations for launches planned in May/June, as do a duo of first stage boosters spied during their own Cape Canaveral arrivals. All that’s missing to round out a busy week of SpaceX transportation is the appearance of one or several payload fairings, although CEO Elon Musk says that the company will try to reuse Falcon Heavy Flight 2’s fairing on the first Starlink launch.
Said Starlink launch – unofficially labeled Starlink-1 – is currently scheduled for liftoff no earlier than mid-May, likely making it the SpaceX mission that will follow CRS-17. The most likely Falcon 9 S1 candidate is the thrice-flown Block 5 booster B1046, a move that would retire risk otherwise transmitted to customers. SpaceX has now flown two separate Falcon 9 boosters (B1046 and B1048) three times without major issue, meaning that the fourth flight of the same booster (and beyond) will be new territory for reuse at some level.
Beyond Starlink-1, SpaceX has the communications satellite Amos-17 and Radarsat Constellation Mission (RCM), both of which are understood to be targeting launch no earlier than (NET) early June. Finally, Falcon Heavy Flight 3 – carrying the US Air Force’s STP-2 mission – is scheduled to launch NET June 22nd, although some additional delays are probable.
From a business-as-usual perspective, the fact that Crew Dragon C201 failed during intentional testing on the ground means that it will likely be SpaceX’s least commercially disruptive failure yet. This could change for any number of reasons, depending on the conclusions drawn by the joint NASA-SpaceX investigation soon to begin, and it’s far too early to draw far-reaching conclusions. Chances are good that the impact to non-Crew Dragon launches will be minimal but only time will tell as SpaceX begins to quite literally pick up the pieces and start a deep-dive analysis of all data gathered from Saturday’s failure.
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Investor's Corner
NASA taps SpaceX to launch the telescope that could unlock new worlds
NASA’s Roman Space Telescope heads to orbit this August aboard SpaceX’s Falcon Heavy with massive scientific ambitions.
SpaceX is set to play a central role in one of NASA’s most anticipated science missions in years. The company’s Falcon Heavy rocket, currently the most powerful operational launch vehicle in the world, will carry the Nancy Grace Roman Space Telescope into orbit on August 30 from Kennedy Space Center in Florida. Roman is now in final preparations inside the Payload Hazardous Servicing Facility, where on June 26 technicians used a crane to lift the observatory into a specialized stand for fueling and pre-launch testing.
Roman is named after Nancy Grace Roman, NASA’s first chief of astronomy, whose career helped shape how the agency approaches space science.
NASA chose SpaceX Falcon Heavy because of Roman’s needs to reach a specific orbit far from Earth, well beyond where a standard Falcon 9 can deliver it. The Falcon Heavy, which first flew in 2018, has since become NASA’s go-to option for missions that need serious muscle without the cost and complexity of older launch systems.
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Roman will carry a field of view at least 100 times wider than the Hubble Space Telescope, meaning it can photograph enormous swaths of the universe in a single shot rather than the narrow slices Hubble captures. That difference in scale is significant. While Hubble reshaped our understanding of the cosmos over 30 years, Roman is built to work faster and wider, surveying hundreds of millions of galaxies at once.
One of Roman’s most compelling capabilities is its potential to discover and photograph planets orbiting stars outside our solar system, and with enough precision to directly image planets that would otherwise be lost. That means scientists could study the atmosphere and surface characteristics of distant worlds rather than simply confirming they exist. Combined with Roman’s sweeping field of view, the telescope could detect thousands of exoplanets, and some of those planets may be in habitable zones where liquid water could exist. No telescope currently in operation has this level of power and capability. That capability alone could change what we know about other worlds, and perhaps finally answer the question: are we the only intelligent lifeforms in existence?
What Roman actually finds once it reaches orbit is an open question, and that is exactly what makes this launch worth watching.
Elon Musk
SpaceX’s newest logo confirms everything about what it’s become
SpaceX officially absorbed xAI under the SpaceXAI brand, completing the largest private merger in history.
SpaceX made its corporate transformation official in May 2026 when Elon Musk posted on X that xAI would cease to exist as a standalone company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX,” he wrote.
A new SpaceXAI logo was announced today, visually embedding the xAI letters inside the SpaceX identity, which can be seen as a deliberate design choice that signals the merger is not a partnership but a full absorption and XAi a core function of the same company. The same way Starlink is not a separate brand but a SpaceX product. The announcement closed the loop on a process that began February 2, 2026, when SpaceX acquired xAI in the largest private merger in history, valued at $1.25 trillion. SpaceX at $1 trillion and xAI at $250 billion.
We are now @SpaceXAI. pic.twitter.com/ema66xDWC9
— SpaceXAI (@SpaceXAI) July 6, 2026
The reason SpaceX bought xAI was stated plainly by Musk at the time of the deal: to build orbital data centers. SpaceX had simultaneously filed with the FCC to launch up to one million satellites designed to function as AI compute nodes in low Earth orbit, escaping what Musk described as the energy constraints limiting AI development on Earth.
xAI provided the AI software stack, with Grok, the X platform, and the Colossus supercomputer infrastructure in Memphis with over 220,000 NVIDIA GPUs, while SpaceX provided the rockets, Starlink, and the capital base to fund it. The two companies needed each other. xAI was burning $2.5 billion in losses on $250 million in revenue. SpaceX was generating an estimated $8 billion in profit on $15 billion in revenue and needed an AI narrative to command the valuation it was targeting for its IPO.
What SpaceX has done, regardless of how the orbital AI vision ultimately plays out, is walk into a public market as something no company has been before: a rocket manufacturer, satellite internet provider, AI software company, social media platform, and supercomputer operator under one ticker. Whether that combination is worth $2 trillion depends entirely on which of those businesses you believe in most.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
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NASA taps SpaceX to launch the telescope that could unlock new worlds
