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SpaceX to demonstrate weekly launch cadence: 3 launches in 14 days
LC-39A undergoing repairs and tests after the launch of CRS-11. (/r/SpaceX)
SpaceX is in the process of preparing to launch BulgariaSat-1, with the first attempt scheduled for Saturday, June 17th between 2:10 p.m and 4:10 p.m. EST. BulgariaSat-1 will be Bulgaria’s second satellite ever and will act as a telecommunications hub in geostationary orbit, around 30,000 miles above Earth.
Following a highly successful launch and docking of the eleventh cargo mission of its Dragon spacecraft, Launch Complex 39A has since undergone routine checks to verify its condition and has likely been lightly repaired. The static fire for the upcoming mission is scheduled as early as tomorrow. Both the static fire and launch were pushed back two days due to a 48 hour delay of the CRS-11 launch.
The launch of BulgariaSat-1 is already exceptional for several reasons. First and foremost, the Falcon 9 first stage to be used in the upcoming mission has already flown once before, assisting in the successful launch of Iridium’s first ten NEXT satellites in early January of this year. It will thus mark the second time SpaceX has truly reused a Falcon 9 first stage. There has even been a bit of circumstantial evidence that the choice to launch on a recovered F9 resulted in BulgariaSat-1 being moved ahead of Intelsat 35e, which is now scheduled for no earlier than July 1st. Regardless, another successful reuse will be a boon for a SpaceX in the throes of an unprecedentedly busy year of launches by once again demonstrating the viability of their program of reuse and thus hopefully swaying more customers to take the leap to reused rocket cores.
The second reason, as touched on above, is that BulgariaSat-1 will mark the beginning of a two week period in which SpaceX could potentially conduct three separate launches, two at Cape Canaveral and one at Vandenberg Air Force Base. If successful, this would demonstrate weekly single-vehicle launch cadence, something that has not been seen in the launch industry in quite some time. This weekly cadence, if successful, will demonstrate a maturing company that is truly preparing for extraordinary launch cadence. By using two pads, one in California and one in Florida, SpaceX will still be able to provide two weeks between launches in order to prepare each launch site for the next launch, while effectively launching once a week. While Vandenberg Air Force Base can only support polar orbit launches, LC-40 is currently deep into the process of being repaired and reactivated following the failure of a Falcon 9 late last year.
With LC-40 preparing for reactivation sometime in August or September, SpaceX will find themselves at long last with two viable all-purpose launch pads in very close proximity to each other. By staggering launches on each pad and continuing to maintain the two week pad turnaround time after launches, SpaceX could theoretically begin to sustain regular weekly launches as few as three months from now. A successful weekly cadence this month could reinforce that such a sequence of events is a possibility.
Iridium NEXT 1’s Falcon 9 first stage after recovery in the Pacific Ocean. (SpaceX)
SpaceX has long been working to rapidly increase its ability to launch frequently, and this year has been an exceptional example of several pieces fitting together. The company has begun to use an automated flight termination system, which will allow them to rely less upon the availability of Cape Canaveral’s Range Officers while crafting their manifest and launch schedules. Normally, the flight termination system in rockets is monitored by an actual team of people who have barely a few seconds to decide if rocket telemetry is less than nominal and prevent what is effectively a large missile from impacting populated areas. SpaceX has replaced this with an arguably much safer approach dependent upon their mature autonomous avionics systems, simply meaning that computers on board their rockets and spacecraft automatically analyze telemetry and control vehicle performance and guidance. SpaceX has been testing this system in a way that is almost identical to Tesla’s method of installing inert autonomy software that can learn without actually controlling the vehicle, and it is consequently only now being implemented after SpaceX and the Air Force have a high degree of confidence that it will outperform its human colleagues.
The ultimate goal of this automated flight termination system (AFTS), as well as many other significant changes to both the hardware of pads and vehicles, is to eventually allow SpaceX to accomplish Elon Musk’s long fabled and oft-ridiculed goal of 24-hour reusability, and thus 24-hour launch cadence. SpaceX and the USAF have both stated that AFTS alone will likely allow Cape Canaveral to support up to 48 launches a year. While shared between ULA and SpaceX, even 36 launches a year would effectively leave SpaceX with a shrinking launch manifest and significantly increased revenue and profit. This would speculatively allow them to more rapidly develop their pursuits of Mars, a vast constellation of broadband satellites, and more.
BulgariaSat-1 being prepared for launch. (SSL)
Nevertheless, this is all of course speculation and dependent upon many things going well. If SpaceX is able to successfully launch BulgariaSat-1 on June 17th, Iridium NEXT 2 on the 25th, and Intelsat 35e on July 1st, they will have successfully demonstrated the ability to support a weekly launch cadence and will have to do little more than wait for the availability of a second East coast pad to begin to take full advantage of it.
With ten launches scheduled between now and October and ten more launches scheduled between October and the end of December, it is guaranteed to be one incredible year for SpaceX and their fans.
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
