All coverage

SpaceX

The launch leader that made reusable flight routine with Falcon 9/Heavy; developing Starship. 165 orbital launches in 2025. Went public on Nasdaq (SPCX) in June 2026 in the largest IPO ever (~$75B raised, ~$1.75T valuation).

Hawthorne, CA, US · 2002 · SPCX
Analysis as of Aug 31, 2026

OpenAI cuts Cursor off two weeks after SpaceX buys it — and model supply becomes a lever

OpenAI notified SpaceX on 28 August that it will wind down Cursor's access to its models, proposing a 12 November shutoff, two weeks after SpaceX closed its $60B purchase of Anysphere. OpenAI cites an inability to be confident the terms of service will be honoured, pointing to Musk's sworn testimony that xAI distilled OpenAI models. Cursor says OpenAI models are about 5% of its traffic.

Our read — labelled opinion, not investment advice.
Milestone note Aug 28, 2026

First Starship recovered intact after a test flight

Reached

SpaceX — Flight 13 ship, near Christmas Island — The ship from Flight 13, which splashed down in the Indian Ocean on 24 Jul 2026, stayed afloat and intact and was pulled from the water near Christmas Island in late August — the first full Starship to survive a test flight and be recovered rather than sink or break up. SpaceX loaded it onto a semisubmersible vessel for a voyage back to Starbase expected to take months. This is salvage, not reuse: the vehicle was recovered from the ocean, not caught by a tower or landed, and nothing recovered this way has been reflown.

Milestone note Aug 4, 2026

SpaceX and Nvidia will put a Vera Rubin rack in orbit — the Starmind AI1 satellite

SpaceX and Nvidia said they are jointly developing the compute payload for Starmind AI1, a satellite carrying Nvidia Rubin GPUs and Vera CPUs in a Vera Rubin NVL72 rack-scale system. SpaceX committed to Nvidia exclusively for its next generation of AI infrastructure, with production at its Bastrop, Texas Gigasat factory and first deployments targeted as early as 2027.

Milestone note Jul 24, 2026

Starship V3 works end to end (Flight 13)

Reached

SpaceX — Flight 13 (24 Jul 2026), the second V3 flight, cleared what the debut left undone: it deployed a full batch of 20 Starlink V3 satellites (Flight 12 carried mostly mock-ups), relit a Raptor engine in space, and put the ship down in the Indian Ocean in a soft, precise splashdown that SpaceX later judged accurate enough for a tower catch. The booster half did not work: only 10 of 13 engines relit for Super Heavy's landing burn, about five were firing at the end, and Booster 20 was destroyed on impact in the Gulf. Tower catches, reuse and full orbital flight are still ahead.

Milestone note Jul 10, 2026

China recovers an orbital rocket booster for the first time — with a net instead of legs

CASC's Long March 10B, launched from Hainan, recovered its first-stage booster at sea about six minutes after stage separation — caught by a net-and-hook system rather than landing on legs, China's first controlled recovery of an orbital launch vehicle and the first net-based one anywhere. Only SpaceX (routinely) and Blue Origin (since Nov 2025) had landed orbital-class boosters.