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A different angle of Falcon Heavy Flight 2's liftoff from Teslarati photographer Pauline Acalin. (Pauline Acalin) A different angle of Falcon Heavy Flight 2's liftoff from Teslarati photographer Pauline Acalin. (Pauline Acalin)

SpaceX

SpaceX preps for Cargo Dragon, Falcon Heavy launches despite setbacks

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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).

Spotted on April 20th, this Falcon upper stage is most likely bound for the launch of either Starlink-1 or Amos-17.

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.

Cargo Dragon capsule C113 and its expendable trunk depart the ISS after successfully completing CRS-12, September 2017. (NASA)
CRS-17’s fresh Cargo Dragon trunk is shown here with two major unpressurized payloads, the Orbiting Carbon Observatory 3 (OCO-3) and STP-H6, which will investigate communicating with X-rays, among other things. (SpaceX via NASA)

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.

B1046.3 landed aboard drone ship Just Read The Instructions after a successful third launch, December 2018. (SpaceX)
Falcon 9 B1048 returned to Port Canaveral on Feb. 24 after the rocket’s own third successful launch and landing. (Tom Cross)

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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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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SpaceX soars with its first launch as a public company, marking a new era

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Credit: SpaceX

SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.

Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.

The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.

This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.

The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.

As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.

SpaceX maintains bold advertising push for Starlink, contrasting Tesla’s minimalistic approach

Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.

SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.

Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.

As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.

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Investor's Corner

Tesla and SpaceX’s biggest bull just placed a massive $1B bet on the stock

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Ron Baron on Tesla stock

Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.

Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.

Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.

By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.

In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.

“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.

Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.

Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA

This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.

Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.

Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.

Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.

For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.

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Elon Musk

Elon Musk just put a $1 Trillion revenue number on SpaceX

SpaceX surged 19% on its first trading day as Musk projected $1 trillion revenue by 2030.

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Rendering of a colonized Mars by way of SpaceX

Just days after SpaceX stock pushed its market cap past $2 trillion on its first trading session, closing at $160.95, a 19% gain on the $135 IPO price, Elon Musk posted his own revenue projection on X that went well beyond anything Wall Street modeled. “I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk wrote, then followed up: “And I would be surprised if revenue is not greater than $1T in 2031.” That forecast sits roughly three times above the most bullish institutional estimate on the table.

Morgan Stanley, one of the lead underwriters, projects SpaceX revenue of $160 billion in 2028, $330 billion in 2030, and $3.4 trillion by 2040, with adjusted EBITDA projected to exceed $2.7 trillion at that point. Reaching those numbers from SpaceX’s $18.7 billion in 2025 revenue requires a compound annual growth rate of roughly 42%, which would outpace even Amazon’s fastest growth era. Morgan Stanley’s model places AI infrastructure as the heaviest revenue driver, projecting $190 billion from SpaceX’s AI business alone by 2030. That figure is anchored to xAI’s Grok platform and the Colossus supercomputer following the earlier merger.

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The government revenue pipeline provides a more predictable foundation under those projections. As we have previously reported, SpaceX holds at least $22 billion in cumulative federal contracts across NASA, the Space Force, the NRO, and the Space Development Agency, with 52 active contracts carrying $11.8 billion in remaining value. The NASA Artemis Human Landing System contract alone is valued at $4.04 billion, covering a second crewed lunar landing demonstration targeted for the Artemis IV mission. SpaceX is also a frontrunner for the Golden Dome missile defense shield, and the FAA has approved up to 44 Starship launches from LC-39A in 2026, setting the stage for Starship to become the backbone of both commercial and government heavy lift. Whether Musk’s $1 trillion number proves visionary or simply optimistic, the infrastructure to get there is already being funded.

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