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SpaceX’s spectacular USSF-67 Falcon Heavy launch in photos
On January 15th, SpaceX’s Falcon Heavy rocket lifted off for the second time in 75 days to launch another batch of US military payloads into orbits tens of thousands of kilometers above Earth’s surface.
Six and a half hours later, the US Space Systems Command (SSC) confirmed that Falcon Heavy had again completed the exceptionally difficult launch without issue. To deliver the USSF-67 mission’s payloads directly to geosynchronous orbit (GSO), the giant SpaceX rocket had to sacrifice one of its potentially reusable boosters and complete a complex six-hour ballet of rolls, burns, and spacecraft deployments. And for the second time in a row, Falcon Heavy did so without apparent issue.
In an SSC press release [PDF], Maj. Gen. Stephen Purdy, program executive officer for Assured Access to Space, said that the group “had another fantastic launch today on a Falcon Heavy.” He added that “while the launch itself was impressive,” he was “most proud of the fact that we placed important [national] capabilities into space.” And an impressive launch it certainly was.
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
A Falcon (Heavy) spectacle
As previously discussed, USSF-67 was Falcon Heavy’s first twilight launch. The extraordinary cadence of SpaceX’s workhorse Falcon 9 rocket, which Falcon Heavy is derived from, caused twilight launches and the incredible light shows they can produce to become a fairly routine phenomena. But just under five years after its February 2018 debut, there had still never been a Falcon Heavy launch ‘jellyfish’ or ‘nebula.’ That thankfully changed on Sunday.
The rocket lifted off just ten or so minutes after sunset and soared into the fading purple skies. Those skies were still relatively bright at ground-level, reducing the amount of contrast, but the resulting light show was still spectacular as Falcon Heavy and its immense exhaust plume ascended back into the sunlight. The artificial sunrise lit up that pillar-like plume with the colors of sunrise and, eventually, bright daylight.
Close-up views enabled by tracking telescopes captured the true drama, which began shortly after Falcon Heavy’s twin side boosters separated from the rocket’s main core stage and upper stage, flipped around, and ignited their engines to fly back to the Florida coast they’d only just lifted off from. As the nine-engine center core continued towards space, each booster fired up one and then three Merlin 1D engines for their boostback burns.
A view from Astronomy Live captured the moment of boostback burn ignition, during which the side boosters visibly blasted ‘craters’ the Falcon Heavy center core’s much more powerful plume. As those plumes interacted, the fluid dynamics and light produced by multiple Merlin 1D engines combined to create chaotic whisps of orange, red, and yellow – akin to an exploding nebula. The moments prior were also spectacular as the two side boosters, lit up by direct sunlight against the nearly black sky, began gently floating away from the center core and spinning around with bursts from several nitrogen gas thrusters – a brief moment of serenity before the violence of engine ignition.
On a chariot of fire
But as Maj. Gen. Purdy noted, the purpose of USSF-67 – spectacle aside – was to carry a number of important payloads into orbit.
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“After both side boosters touched down, SpaceX ended its live coverage at the request of the Space Force, reiterating the mission’s secretive customer and nature. The USSF hasn’t confirmed much about the USSF-67 mission’s payloads, but Falcon Heavy is known to be carrying a geostationary communications relay satellite called CBAS-2 and likely built by Boeing. CBAS-2 is joined by Northrop Grumman’s third Long Duration Propulsive EELV or LDPE-3A, a combination of a propulsive kick stage and a satellite. LDPE-3A is carrying a collection of rideshare satellites and payloads and is designed to operate for months in orbit. Using USSF-44 as a guide, the total USSF-67 payload could weigh roughly 3.75 to 4.75 tons (8,250-10,500 lb).”
Teslarati.com – January 15th, 2023
The same SSC press release provides more detail, noting that LDPE-3A carries two hosted payloads – Catcher and WASSAT. Catcher is a space weather instrument developed by the Aerospace Corporation, while WASSAT is a prototype [PDF] of a wide-angle observation instrument designed to track other satellites in GSO. LDPE is also hosting “three payloads developed by the Space Rapid Capabilities Office (SRCO),” including “two operational prototypes for enhanced situational awareness, and an operational prototype crypto/interface encryption payload providing secure space-to-ground communications capability.”
Two down, one to go
For Falcon Heavy side boosters B1064 and B1065, both of which supported USSF-44 and USSF-67, their missions are far from over. Their second successful side-by-side landing has cleared the boosters to be reused on a third US military launch called USSF-52. Originally known as AFSPC-52, the mission was Falcon Heavy’s first operational US military launch contract and the first time the rocket beat competitor United Launch Alliance (ULA) during a competitive procurement.
Next Spaceflight reports that USSF-52 is scheduled to launch no earlier than April 10th, 2023, less than three months from now. Once that mission is complete, Falcon Heavy will have no more US military missions on contract, although more will almost certainly be rewarded sooner than later. USSF-52 is sandwiched between two other Falcon Heavy launches. Next Spaceflight also reports that Falcon Heavy could launch the ViaSat-3 communications satellite as early as March 2023 and the Jupiter-3 (EchoStar 24) communications satellite as early as May 2023, making for a busy 90 days.
For that trio to happen as scheduled, SpaceX will have to beat Falcon Heavy’s record 75-day turnaround, which has coincidentally (?) occurred twice: first between Arabsat 6A and STP-2, and again between USSF-44 and USSF-67. Including USSF-67, SpaceX has up to five Falcon Heavy launches scheduled this year.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Tesla has one big financial question to answer for investors: Morgan Stanley
