Musk’s employee stock options made them millions; Bezos’s employee options were worthless

According to a very intriguing article at Business Insider today, the stock options offered to employees at SpaceX and Blue Origin were starkly different, with SpaceX’s options making millions for its workers while Blue Origin’s were essentially worthless.

Three ex-employees of Jeff Bezos’ rocket maker Blue Origin told Business Insider that the company’s unusual approach to equity left them with stock options that are essentially worthless.

Meanwhile, they’ve watched SpaceX’s dizzying rise to a $2 trillion-plus valuation provide a massive windfall for early hires — from engineers to welders to cafeteria workers — who received stock options during their time at Elon Musk’s company.

Blue Origin’s options were written so that they only could be cashed in if the company went public within ten years. As Bezos has shown zero interest in going public — which would take away his full ownership and control of the company — those options have been steadily expiring as they reach their ten year due date.

At SpaceX however the employee stock options could always be cashed in, even before the company went public. Employees, both current and former, were allowed to sell their stock back to SpaceX or to its investors in private liquidity events that usually occurred twice each year. After the IPO they could now sell the stock on the open market, at the going rate.

The difference is possibly one additional reason the accomplishments of the two companies have been so starkly dissimilar/ SpaceX made sure its employees got a pay off for the long hours it demanded. Blue Origin did not.

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SpaceX launches 24 more Starlink satellites

SpaceX last night successfully placed another 24 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California.

The first stage (B1081) completed its 25th flight (50 days after its previous flight), landing on a drone ship in the Pacific.

The leaders in the 2026 launch race:

76 SpaceX
41 China
9 Rocket Lab (plus two suborbital HASTE launches)
8 Russia

For the third straight year SpaceX leads the entire world combined in total launches, 76 to 70.

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Some details about SpaceX’s secretive Starfall demo mission

Artist's rendering of Starfall provided during today's live steam
Artist’s rendering of Starfall provided during the launch live steam

In reading every report in the past day about SpaceX’s Starfall demo mission, in which it tested a returnable capsule capable of doing manufacturing in space or point-to-point transportation of cargo, the only one that appeared to provide any details about the mission itself was this article at NASAspaceflight.com.

And even those details are unconfirmed and somewhat sparse:

The Starfall demonstration vehicle stayed attached to the Falcon 9 second stage in LEO [low Earth orbit] for around 1.5 orbits. The second stage then deorbited itself and the Starfall capsule, after which Starfall was jettisoned and prepared for reentry. SpaceX released limited information about the mission, and it is unknown whether the Starfall demonstration vehicle carried any payloads, though instrumentation was likely used to measure reentry forces.

Following reentry, Starfall separated its two halves, deployed its parachutes, and splashed down in the Pacific, approximately 1,300 km off the west coast of the United States.

That’s all we presently know. Based on SpaceX’s tight-lipped approach, this mission was probably paid for by the War Department. In 2021 the Air Force had issued the company a $47.9 million contract to test point-to-point cargo transport by rocket “anywhere on the Earth in less than one hour, with a 100-ton capacity.” That cargo requirement suggested the rocket had to be Starship. It is very possible the contract was later amended to fit the 20 ton capability of Falcon 9, and this flight was the first demonstration of this cargo transport capability.

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Namibian government rejects Starlink

The Namibian government today announced it has rejected SpaceX’s application to provide Starlink to that country, apparently because the company will not comply with its laws that require ownership by Namibia citizens.

As a result, the regulator upheld its earlier ruling, stating that Starlink’s application remained non-compliant with the ownership and control requirements contained in Section 46 of the Communications Act, No. 8 of 2009. CRAN acknowledged that Low Earth Orbit satellite technology has the potential to improve connectivity across Namibia but stressed that all telecommunications operators must comply with the country’s legal and regulatory framework.

The authority also clarified that exemptions from the ownership requirements under Section 46(2) of the Communications Act can only be granted by the Minister of Information and Communication Technology and cannot be determined by CRAN through a reconsideration process.

In Africa such ownership laws almost always include a racial quota, requiring a certain percentage of ownership go specifically to blacks. SpaceX across the board refuses to do this.

The government apparently got 624 comments from the public asking it approve SpaceX’s application, but the regulators threw out all but 2 of those comments for what appears to be minor language or procedural issues.

My guess is that SpaceX refused to bribe these petty dictators, and so they denied the application.

Namibia, like South Africa, is making a foolish decision here, and as a result it is making itself a backwater, likely to trail the world in economic growth and prosperity for decades to come.

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SpaceX to raise $20 billion more by selling bonds

As part of its need for cash both to support its planned major capital projects and partly it appears to pay off some debt, SpaceX now plans to sell bonds in order to raise an additional $20 billion more.

The proceeds from the bond offering will mostly be used to refinance a $20 billion bridge loan SpaceX took in March as it prepared to go public. Such loans basically ensure that companies planning to go public have the money they would need to wait out an unfavorable turn in market conditions.

As the article at the link notes, however, SpaceX is hardly cash poor, having on hand over $100 billion after its initial public offering (IPO) of stock two weeks ago. On the surface this bond sale seems unnecessary, but I suspect its purpose is merely refinancing some already existing debt in order to save the company some money.

The propaganda press has been making much in the past week about the drop in SpaceX’s stock price following its original burst during the IPO, often spinning the drop as proof that SpaceX is not that valuable a company (see this NBC report for example). After raising to above $200 per share from its initial price of $135, it has since dropped to about $160. All of this is entirely normal. New stocks that capture the public’s interest all do this. The stock is simply now finding its natural market price, which by the way is still higher than that initial price.

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Two launches by China and SpaceX

Since yesterday there were two more launches by the global rocket industry.

First, China placed a “communication technology experimental satellite” into orbit, its Long March 7A rocket lifting off from its coastal Wenchang spaceport. No other information was provided.

Artist's rendering of Starfall provided during today's live steam
Artist’s rendering of Starfall provided during today’s live steam

Next, SpaceX launched in the early morning the first demo mission for its Starfall recoverable capsule, its Falcon 9 rocket lifting off from Cape Canaveral Space Force Station in Florida. The company has released little information about this project, including not showing the deployment or splashdown of Starfall in the launch broadcast. Its short description of Starfall during the live stream made it sound very similar to Varda’s recoverable capsule, though larger. According to Wikipedia,

Starfall has a circular, disk-shaped form measuring 10′ in diameter and 2′ 6″ in height. Its empty mass is 2,100 kg (4,600 lb). Starfall carries up to 1,000 kilograms of payload in a volume of 2.5 by 0.5 meters and a total mass of about 3,100 kilograms. The vehicle consists of a top plate with maneuvering thrusters and a heat shield that jettisons before a parachute assisted splashdown. Starfall reaches orbit as a payload on Falcon 9 or Starship. The design focuses on precision delivery to specific locations, supporting rapid delivery for critical cargo.

The company has at this time provided no information about the results of this demo mission.

The rocket’s two fairings completed their 24th and 36th flights respectively. The first stage (B1078) completed its 29th flight (29 days after its previous mission), landing on a drone ship in the Atlantic. With this flight this booster moved past the space shuttle Columbia into a seventh place tie in the rankings for the most reused launch vehicle:

39 Discovery space shuttle
35 Falcon 9 booster B1067
34 Falcon 9 booster B1071
33 Atlantis space shuttle
33 Falcon 9 booster B1063
31 Falcon 9 booster B1069
29 Falcon 9 booster B1077
29 Falcon 9 booster B1078
28 Columbia space shuttle

Sources here and here.

The leaders in the 2026 launch race:

75 SpaceX
41 China
9 Rocket Lab (plus two suborbital HASTE launches)
8 Russia

For the third straight year SpaceX leads the entire world combined in total launches, 75 to 70.

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Rocket Lab and SpaceX complete launches

In the past two days both Rocket Lab and SpaceX successfully completed launches.

I am reporting the Rocket Lab launch two days late because it was unannounced and remains officially unconfirmed by the company two days after lift-off. [UPDATE: Rocket Lab finally confirmed the launch on June 22, 2026.] According to two different launch tracking websites (here and here), the company’s Electron rocket lifted off successfully from one of its two New Zealand launchpads on June 19, 2026, placing a Rocket Lab payload into orbit dubbed Puma, a Space Force satellite designed to rendezvous with a target spacecraft dubbed Jackel that was built by the company True Anomaly and launched on an earlier SpaceX launch.

The mission secrecy was also for a second purpose, as outlined by Rocket Lab:

The $32 million contract includes a Rocket Lab spacecraft, configured for the unique requirements of the VICTUS HAZE mission, that will launch on Electron within just 24 hours’ notice. The mission is designed to improve Tactically Responsive Space (TacRS) processes and timelines to demonstrate the SSC’s ability to respond to on-orbit threats on very short timelines.

SpaceX then followed up today with a launch of 24 more Starlink satellites, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California. The first stage (B1063) completed its 33rd flight (70 days after its previous mission), landing on a drone ship in the Pacific. With this flight this booster moved into a tie with the space shuttle Atlantis for fourth place in the rankings for the most reused launch vehicle:

39 Discovery space shuttle
35 Falcon 9 booster B1067
34 Falcon 9 booster B1071
33 Atlantis space shuttle
33 Falcon 9 booster B1063
31 Falcon 9 booster B1069
29 Falcon 9 booster B1077
28 Columbia space shuttle
28 Falcon 9 booster B1078

Sources here and here.

The leaders in the 2026 launch race:

74 SpaceX
40 China
9 Rocket Lab (plus two suborbital HASTE launches)
8 Russia

For the third straight year SpaceX leads the entire world combined in total launches, 74 to 69.

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Texas Supreme Court rejects beach closure lawsuit against SpaceX

The Texas Supreme Court today unanimously rejected the lawsuit by fringe activist groups against SpaceX and the closure of beaches near Boca Chica for Starship/Superheavy launches.

Siding with SpaceX and the attorney general’s office, the Texas Supreme Court on Friday ruled that environmental groups did not have a right to sue to preserve public access to a beach that has been closed during rocket launches. The unanimous ruling said a trial judge properly dismissed the lawsuit with prejudice, meaning the groups could not refile it with changes.

The lawsuit was brought by SaveRGV, a very small group of leftist anti-Musk activists who have tried to use lawfare for the past five years to shut down Boca Chica. Later, the Sierra Club and the Carrizo/Comecrudo Nation of Texas joined in. The latter is a fake Indian tribe, as this tribe never existed in Texas at all, and is presently non-existent.

This decision essentially ends the lawfare campaign of these groups. I am sure they will try again, but their options continue to shrink, especially because they have practically no support in the southern Texas region. Everyone else is enthusiastically enjoying the prosperity and wealth SpaceX is bringing to the area.

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SpaceX launches classified payload for National Reconnaissance Office

SpaceX in the early morning today successfully launched a classified payload for National Reconnaissance Office, its Falcon 9 lifting off from Vandenberg Space Force Base in California.

The number of satellites in the payload was not disclosed. The rocket’s two fairings completed their 3rd and 35th flights. The first stage completed its 3rd flight (29 days after its previous flight), landing back at Vandenberg.

The leaders in the 2026 launch race:

73 SpaceX
40 China
8 Russia
8 Rocket Lab (plus two suborbital HASTE launches)

For the third straight year SpaceX leads the entire world combined in total launches, 73 to 68.

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Gwynne Shotwell: Starship flight 13 in about a month, flights monthly thereafter

According to a short clip from an interview with SpaceX CEO Gwynne Shotwell earlier this week, she stated the company expects to fly the next Superheavy/Starship mission, #13, in about a month, and will then begin monthly test flight thereafter.

Full orbital flights should begin with #14, “and then from there on out.”

She also expressed certainty about an operational Starship in orbit before the end of the year. That likely includes a deployment of Starlink satellites, as well as a likely refueling test mission involving two Starships. In an October 2025 Starship update SpaceX described this mission, noting it was targeting a late 2026 launch:

It will start with a Starship launched from Starbase to spend an extended time on orbit, gathering data on vehicle propulsion and thermal behavior on an extended duration mission, including long duration propellant storage and boil-off characterization. A second Starship will then launch to rendezvous with the first to demonstrate ship-to-ship propellant transfer in Earth orbit.

All the evidence continues to suggest the company is going to meet this schedule, or only miss it by a few months at most.

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Cargo Dragon splashes down in Pacific after spending a month at ISS

ISS today, after undocking of cargo Dragon
ISS today, after undocking of cargo Dragon.
Click for original.

SpaceX today successfully recovered a cargo Dragon from ISS, the capsule undocking and splashing down in the Pacific, bringing back a variety of experimental samples and hardware.

Research returning includes bioprinted organ and cartilage tissue, data on improving cryogenic fuel storage for future space missions, and DNA‑inspired materials to develop new cancer treatments. The returning hardware includes an ocular imaging device used to monitor crew members’ eye health, an absorbent bed that filters trace contaminants from cabin air, and a separator pump from the waste and hygiene compartment.

The Dragon had spent a month at ISS, just long enough for astronauts to unload its cargo from Earth and place this ISS material aboard.

The graphic to the right, cropped, reduced, and annotated to post here, shows the present spacecraft docked to ISS. It also shows the location of Russia’s leaking Zvezda module, with a Progress docked to its aft port. Note that a Progress and the permanent modulc are also docked to its bow docking hub. Zvezda is an essential part of the Russian half of ISS. Replacing it is impossible.

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Four launches, two by China, one by SpaceX, and one by Arianespace

The beat goes on. Since yesterday the global rocket industry completed four separate launches on three separate continents.

First, China’s Long March 3B rocket placed “an experimental satellite” into orbit, lifting off yesterday from its Xichang spaceport in southwest China. The state-run press provided no information as to where the rocket’s lower stages, using very toxic hypergolic fuels, crashed inside China.

China followed up with the launch of another nine satellites in the Guowang (Satnet) internet constellation, its Long March 12 rocket lifting off today from its coastal Wenchang spaceport. This was the 22nd launch for this constellation, bringing the total number of operational satellites in orbit to 175, according to the report at the link, which also added this:

This year, it is planned that 310 satellites will be deployed, followed by 900 in 2027, and 3,600 every year beginning in 2028 to sustain and grow the constellation. In the 2030s, up to 13,000 satellites could be in operational orbit.

Though launched over the ocean, the rocket’s lower stages fell within the territorial waters of the Philippines, requiring its space agency to issue a warning to local residents and boat owners.

Next SpaceX in the early morning hours successfully launched three Bluebird satellites for AST SpaceMobile’s cell-to-satellite constellation, its Falcon 9 rocket lifting off from Cape Canaveral Space Force Station in Florida. AST now has 10 satellites in orbit. It needs to launch 45 to become operational, something it now hopes to achieve by early 2027.

The rocket’s two fairings completed their 16th and 33rd flights respectively. The first stage (B1077) completed its 29th flight (27 days after its previous flight), landing on a drone ship in the Atlantic. With this flight the stage moved past the space shuttle Columbia, putting it in seventh place in the rankings for the most reused launch vehicle:

39 Discovery space shuttle
35 Falcon 9 booster B1067
34 Falcon 9 booster B1071
33 Atlantis space shuttle
32 Falcon 9 booster B1063
31 Falcon 9 booster B1069
29 Falcon 9 booster B1077
28 Columbia space shuttle
28 Falcon 9 booster B1078

Sources here and here.

Finally, several hours later Arianespace launched 36 Leo satellites for Amazon, its Ariane-6 rocket lifting off from French Guiana. This launch was the most powerful configuration of Ariane-6 yet launched and the third in Arianespace’s 18-launch Amazon contract. With this launch, Amazon now has 367 satellites in orbit. It needs to get 3,232 in orbit by July 30, 2029 to meet its FCC license requirements.

This was Arianespace’s third launch this year. The leaders in the 2026 launch race:

72 SpaceX
39 China
8 Russia
8 Rocket Lab (plus two suborbital HASTE launches)

For the third straight year SpaceX leads the entire world combined in total launches, 72 to 67.

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SpaceX demolishes SLC-6 launchpad at Vandenberg

The SLC-6 launchpad during my 2015 tour of Vandenberg
The SLC-6 launchpad during my 2015 tour of Vandenberg

As part of its plan to launch both Falcon 9 and Falcon Heavy from Vandenberg Space Force Base in California, SpaceX today demolished the SLC-6 launchpad there that had been built in the 1980s for space shuttle launches (but never used) and then leased to ULA for its Delta rocket (now retired).

Below the fold is a video showing the controlled demolition. The quality is very poor, as it was taken on a smart phone looking at a live stream of the demolition, broadcast inside a nearby auditorium. Vandenberg officials did not allow anyone access to any nearby location to watch live.

SpaceX will now rebuild the pad for its own Falcon rockets. Once completed, it will have two launchpads at Vandenberg, allowing it to up its launch rate there to as much as 100 launches per year.

To get a sense of the size and scale of SLC-6 prior to today, see the photos from my 2015 tour of Vandenberg. The picture to the right attempts to capture it, with its mobile launch tower on left and larger assembly building on the right. As I wrote then when taken inside the rocket assembly building:

I can sum up the experience however in one word: Big! The interior space was incredibly large, so large they have repeated problems chasing birds and raccoons from within it. When we took the elevator to the 20th level, almost the highest point inside, the room echoed with the sounds of birds whistling away. I wonder how they react when a rocket takes off.

It is now gone. It will however be replaced by something better. The history of SLC-6 was that of a largely expensive and under-used facility. SpaceX intends to change that.

Hat tip BtB’s stringer Jay.
» Read more

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SpaceX gets an additional $10 billion from its IPO, bringing total raised to $85.7 billion

SpaceX logo

SpaceX yesterday announced that it has raised an additional $10 billion from its initial public offering (IPO) because its original private investors have decided to exercise their option to purchase stock, bringing the total raised to $85.7 billion.

Space Exploration Technologies Corp. (“SpaceX”) today announced the closing of its initial public offering of an aggregate 638,888,888 shares of its Class A common stock, including the full exercise by the underwriters of their overallotment option to purchase an additional 83,333,333 shares of Class A common stock from SpaceX. The issuance of all shares closed on June 15, 2026, bringing the gross proceeds from the initial public offering to SpaceX to approximately $85.7 billion. The shares of Class A common stock began trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026, under the ticker symbol “SPCX.”

Goldman Sachs & Co. LLC, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities acted as book-running managers for the offering. Cantor, Needham & Company, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital (USA) Inc., Mirae Asset Securities, Mizuho, and Santander acted as co-managers.

The actual cash raised for the company is less than $85.7 billion, as the various financial institutions listed in the second paragraph above get a cut for managing the IPO, which is only 0.75%, the lowest percentage for an IPO since 2010. Thus, SpaceX raised more than $85 billion for its own use.

As I noted a few days ago, this nest egg of cash is only part of the company’s resources. It presently earns about $31 billion in revenue yearly from Starlink and its computer hardware divisions. That number is also certain to rise in the coming years.

Meanwhile, subsequent trading of the company’s stock on Wall Street remains brisk, with the price continuing to rise. It is presently trading at over $200 per share. Though this higher price doesn’t mean more money to SpaceX (as it only represents resales of the stock), it does tell us that the market considers the stock more valuable than its initial price. Thus, the predictions of many financial experts that the IPO was over-valued are so far turning out to be wrong.

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Two launches so far today, with a third only hours away

Since last night there were two launches globally, by China and SpaceX, with a third launch scheduled several hours hence by the rocket startup Isar Aerospace.

First, China’s launched eight classified “high-resolution optical remote sensing” satellites, its solid-fueled Kinetica-1 rocket (also called Lijian-1) lifting off from its Jiuquan spaceport in northwest China. Such satellites are almost certainly for military reconnaissance. China’s state-run press provided no other information, nor did it mention where the rocket’s lower stages crashed inside China. Kinetica-1 is also built by the pseudo-company CAS-Space, which happens to be wholly owned by a government agency.

Next, SpaceX launched 24 more Starlink satellites into orbit, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California. The first stage completed its 14th flight (45 days after its previous flight), landing on a drone ship in the Pacific.

Finally, a third launch is scheduled for 1 pm (Pacific) by the rocket startup Isar Aerospace. It will be making its second attempt from Norway’s Andoya spaceport to launch its Spectrum rocket, the first having failed seconds after launch in March 2025. I have embedded the live stream below, and will post a separate report after the launch. UPDATE: Scrubbed due to ground issues.

The leaders in the 2026 launch race (prior to Isar’s launch attempt):

71 SpaceX
37 China
8 Russia
8 Rocket Lab (plus two suborbital HASTE launches)

For the third straight year SpaceX leads the entire world combined in total launches, 71 to 64.
» Read more

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SpaceX’s IPO sets the stage for the colonization of the solar system — by private enterprise

Elon Musk during the IPO
Elon Musk at the IPO opening.

While most news reports have focused trivially on Elon Musk’s status as the first trillionaire resulting from SpaceX’s successful initial public offering (IPO) last week, the real story of that IPO has to do with SpaceX itself and how that company’s extremely bright future is going to change human history.

Let me run some numbers.

The day’s earnings

First, the IPO was designed to raise capital for SpaceX by selling about 555 million shares of stock, with an opening price of $135. Once IPO opened however that price immediately jumped to $150, rising as high as $176 during the day, and by closing time settled at $160.95.

If we pick a conservative average sale price of $155 per share, this means SpaceX raised more than $86 billion in investment capital on this one day. The actual number will be less, because the brokerage houses that ran the IPO get a cut, but I would guess SpaceX will walk away with at least $75 billion once all accounts are settled.

To give this some context, NASA’s annual budget for the past two decades has been around $24 billion. NASA however cannot use that cash very efficiently, because it is required by Congress to have a huge unneeded labor force in many centers scattered around the country, to create jobs in specific congressional districts and states.

SpaceX doesn’t have that problem. For the company, this is real money. It can focus its use very precisely and efficiently for what needs to be done, and thus get a lot more bang out of the buck.

Annual earnings

SpaceX however is not limited to just the capital raised in the IPO.
» Read more

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Two launches today by Japan and SpaceX

The beat goes on! Even as SpaceX proceeds today with the largest initial public offering of stock ever, raising an expected $75 billion in cash for its long term plans, the global launch industry marched on with two launches today.

First, Japan’s space agency JAXA successfully launched its H3 rocket on a test flight following a launch failure in December 2025. The rocket lifted off from JAXA’s Tanegashima spaceport in southern Japan, using its simplest configuration, with no solid-fueled strap-on boosters. Though the rocket deployed some cubesats, its main payload was a dummy satellite to test the rocket’s deployment system, which caused the 2025 failure by not holding its satellite in place. On today’s launch, the deployment system worked as planned, which means JAXA can now resume operational launches with H3.

This was Japan’s first launch in 2026.

Next, SpaceX placed another 29 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Cape Canaveral Space Force Station in Florida. The first stage completed its 27th flight, landing on a drone ship in the Atlantic (58 days after its previous flight).

The leaders in the 2026 launch race:

70 SpaceX
36 China
8 Russia
8 Rocket Lab (plus two suborbital HASTE launches)

For the third straight year SpaceX leads the entire world combined in total launches, 70 to 63.

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Two orbital launches today by China and SpaceX, plus a suborbital hypersonic launch by Rocket Lab

The beat goes on! Since last night both China and SpaceX successfully completed orbital launches.

First, China used its most powerful operating rocket, the Long March 5, to place what its state-run press called “a new communication technology test satellite” into orbit, the rocket lifting off from its coastal Wenchang spaceport. As the Long March 5 can haul very large payloads into orbit, it suggests this one satellite is unusually heavy.

Next, SpaceX successfully placed another 24 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California.

The first stage (B1071) successfully completed its 34th flight (38 days after its previous flight), landing on a drone ship in the Pacific. With this flight the stage moved past the space shuttle Atlantis, putting it in third place in the rankings for the most reused launch vehicle:

39 Discovery space shuttle
35 Falcon 9 booster B1067
34 Falcon 9 booster B1071
33 Atlantis space shuttle
32 Falcon 9 booster B1063
31 Falcon 9 booster B1069
28 Columbia space shuttle
28 Falcon 9 booster B1077
28 Falcon 9 booster B1078

Sources here and here.

Though it was not an orbital launch and thus isn’t added to my launch totals, Rocket Lab also launched last night, using its HASTE suborbital version of its Electron rocket to do a suborbital hypersonic test for the War Department, as part of its $190 million contract to do twenty such test flights. This appears to be the first of those launches.

UPDATE: The HASTE launch appears to have actually been an orbital one, with a second stage and kick stage, both of which reached orbit. No information has been released on the status of the classified payload, which I suspect was a test hypersonic missile that was accelerated to orbital speeds by that second stage and kick stage, but then flew a guided high speed planned suborbital test flight. Since this launch did place objects in orbit, and appears to have been 100% successful as planned I am including it in my launch totals below.

The leaders in the 2026 launch race:

69 SpaceX
36 China
8 Russia
8 Rocket Lab (plus two suborbital HASTE launches)

For the third straight year SpaceX leads the entire world combined in total launches, 69 to 62.

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Stoke Space successfully completes all tank tests for 1st stage of its Nova rocket

Stoke's Nova rocket
Stoke’s Nova rocket, designed to be
completely reusable.

The rocket startup Stoke Space announced earlier this week it has successfully completed all tank tests for 1st stage of its Nova rocket, thus increasing the odds that the rocket’s first launch will occur before the end of this year.

During this campaign, the team filled both tanks above their maximum expected pressure conditions, demonstrated automated pressure control across a range of fill levels, and operated the vehicle through challenging environmental conditions, including hurricane-force winds and a severe lightning storm. More than just a successful structural test campaign, the result was a broader demonstration that Nova’s hardware, software, ground systems, and operations approach are maturing together.

The company noted that it is not unusual for new rockets to experience explosions and other failures during this testing phase, thus making its complete success without a failure “a significant achievement.”

Stoke has consistently refused to set a launch date as it has been developing its rocket. It approach has been simply “We will launch when we are ready.” It has had this luxury in that it has successfully raised $1.34 billion in private investment capital, attracted to the company because of its rocket’s radical design that will allow both its first and second stages to be reusable. The first stage will land vertically, as does SpaceX’s Falcon 9.

The second stage uses a revolutionary nozzle design that makes its return possible. Instead of a single central nozzle, the engine has a ring of small nozzles on the outside edge of its heat shield. The stage will then return to Earth like a capsule, with those nozzles adding force to control and slow its descent.

The rocket itself has a smaller payload capacity than a Falcon 9, but its ability to be completely reusable means its second stage is far more capable. It can fly multiple times, thus lowering the launch costs for its customers. It can also provide an orbital manufacturing site, like a Varda capsule, which will attract a much larger customer base.

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NASA announces crew and flight plan for Artemis-3 Earth orbit mission next year

Artemis logo

NASA today unveiled both the four-person crew that will fly its Artemis-3 Earth orbit mission next year as well as the mission’s basic plan, assuming both SpaceX and Blue Origin can get their respective lunar landers ready in time.

Crew assignments are as follows:

  • NASA astronaut Randy Bresnik, commander
  • ESA (European Space Agency) astronaut Luca Parmitano, pilot
  • NASA astronaut Frank Rubio, mission specialist
  • NASA astronaut Andre Douglas, mission specialist

… NASA astronaut Bob Hines was named as a backup crew member.

Except for Douglas, all are veterans.

The mission details were also announced:

Artemis III includes launching the world’s most powerful rockets in short order. Blue Origin’s lander pathfinder, which is able to stay in orbit for multiple weeks, will launch first and await the crew. NASA will send the astronauts aboard Orion by SLS to orbit Earth, before rendezvousing in space with the company’s lander test article and spending about two days docked together for tests and technology demonstrations, including entering the lander.

After completing docked operations with Blue Origin, Orion will detach and await Starship. SpaceX’s Starship pathfinder will launch and meet up with Orion to spend about a day connected for checkouts and testing. After that, Orion and its crew will undock and return home, splashing safely down in the Pacific Ocean where a team from the U.S. Navy and NASA will recover the astronauts.

In total, the crew is expected to remain in space for about two weeks, with exact mission length to be determined in real-time based on launch, rendezvous, and docked operations.

All of this assumes that New Glenn has been fixed and is operational by late 2027 and can launch the Blue Moon Mark-2 manned lunar lander. It also assumes the lunar lander version of Starship is ready and operational and man-rated. It also assumes NASA can get SLS stacked and ready for launch much faster than previously expected.

All are big assumptions.

Other issues: Orion will be testing its docking system and its newly redesigned heat shield for the first time, with humans on board. As the return will be from low Earth orbit, the stress on the heat shield will be relatively light, reducing the risk considerably. Similarly, if the docking system fails they simply won’t dock, and can return to Earth instead. Both should work, however, as neither is cutting edge technology.

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