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The company ticked off a few more boxes on the second Starship V3 flight, but appears to have had another issue relighting the booster's rocket engines.
"Now offloading propellant. Next launch attempt hopefully in a few days."
The company didn't immediately say what went wrong. SpaceX's stock plunged more than 4% in after-hours trading before paring losses.
The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.
The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.
SpaceX's latest residential dish - the Starlink V5 - is now available in "select areas." It's notably smaller and lighter than the V4 dish with improved power efficiency. It'll be available in more places as SpaceX ramps up production to meet global demand. The company notes that Starlink V5 is not intended for in-motion use […]
This flight will put Starship under higher pressure and test out new Starlink satellites in orbit.
This will be the first Starship test flight for SpaceX as a public company, testing the market's appetite for the company's "fly, fail, fix" approach to rocket development, which often ends in fireballs.
China's state-owned space company recovered its first orbital rocket booster after launch.
Three big AI IPOs are set to generate more value than all the U.S. VC-backed exits since 2000.
SpaceX is currently ahead of last year's record-setting pace for Starlink satellite deployments. SpaceX launched 1,589 Starlink satellites into low-Earth orbit in the first half of 2026, according to launch data compiled by Jonathan McDowell's satellite tracker, compared to 1,489 satellites deployed at the same point in 2025. 2025 was already a record year for […]
Cursor hopes to continue offering third-party AI models after it's acquired by SpaceX, testing the relationships between frontier AI labs.
Amazon says it now has enough satellites operating in low-Earth orbit to light up its Starlink internet competitor. With last night's launch, Amazon Leo has 396 satellites deployed, which is "enough to support continuous service across initial latitudes," according to Chris Weber, VP heading up business and product for Amazon Leo. That puts the company […]
SpaceX reportedly showed investors a "handset-like" AI device before going public. It could be another signal SpaceX wants to expand into wireless.
Meta is developing plans for a cloud infrastructure business, selling access to AI compute power and models. The move would pit it against the big cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure.
Rocket Lab, the space company best known for its small satellite launcher Electron, has announced plans to acquire Iridium Communications for $8 billion. The deal will combine Rocket Lab's launch services and spacecraft manufacturing with Iridium's satellite-based communications network, putting it in a better position to challenge SpaceX. Iridium offers communications services to over 2.5 […]
Move would test whether group can turn ambition into a mass-market phone business.
Right now he's merely a several-hundred-billionaire, according to Bloomberg's Billionaires Index.
Reflection AI will pay $150 million a month beginning July 1, 2026 through 2029 for immediate access to Nvidia's latest GB300 AI chips and supporting hardware across SpaceX's Colossus 2 data center near Memphis, Tennessee.
SpaceX's AI1 satellite spans 70 meters tip-to-tip — wider than a Boeing 747 — and it exists entirely to run AI inference in low Earth orbit. Elon Musk posted the reveal video to X on June 9, 2026, ahead of SpaceX's IPO, with a three-word summary: "much simpler than Starlink." Each satellite produces 150 kW of peak AI compute and 120 kW sustained. SpaceX's roadmap calls for 1 GW of orbital AI compute capacity by late 2027, which at 150 kW per satellite means manufacturing roughly 6,700 AI1 units per year. To hit that number, they are building an 11-million-square-foot facility in Bastrop, Texas called Gigasat — nearly twice the floor area of Tesla's Gigafactory Nevada, dedicated to satellite production. The question is not whether the engineering works. SpaceX has launched more than 7,000 Starlink satellites. The question is whether orbital AI compute makes economic sense at scale, and that question nobody has answered publicly yet. The Reveal Wasn't Accidental SpaceX filed for its IPO at approximately $75 billion valuation in early June 2026. Musk's June 9 reveal of AI1 arrived within days of that filing. Orbital AI compute is the narrative SpaceX needs to justify a valuation that goes beyond launching satellites for other people. Every terrestrial cloud provider — AWS, Google Cloud, Azure — is competing for land, power, and cooling capacity to support the next generation of frontier AI. Musk's pitch is that those three constraints don't exist in space. The physics backs him up. The economics remain unproven. Why Space Has Structural Advantages for AI Compute The AI1 satellite's design exploits two physical realities that are impossible to replicate on Earth. Power is essentially free. In a sun-synchronous LEO orbit, a satellite receives near-constant solar illumination. SpaceX's solar arrays achieve 250 W/m² power density without atmospheric attenuation. The marginal cost of electricity after the capital investment in the array is close to zero — no grid contracts,