Welcome to Edition 8.46 of the Rocket Report! We don't mention Starship in the body of this week's report, so I'll give a brief update here. The next test flight of SpaceX's mega-rocket—Flight 13—could happen as soon as next month, according to Gwynne Shotwell, the company's president and chief operating officer, in a recent interview with CNBC. There's still a fair bit of work to do before Flight 13, so don't count on a launch next month just yet. What we do know, based on Shotwell's comments to CNBC, is the next Starship test flight will look a lot like the previous one last month, with a suborbital flight path and a splashdown of the ship in the Indian Ocean. SpaceX is holding off on an orbital flight until at least the following launch, Flight 14, after the ship was unable to complete a critical engine restart in space on the last flight.

As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.

Isar test flight scrubbed again. Isar Aerospace still commands top position among a new generation of European rocket startups, but the company’s efforts to launch a critical test flight of its Spectrum rocket continue to encounter roadblocks, Ars reports. The latest delay came Monday, when Isar scrubbed a launch attempt after "detecting off nominal behavior in the vehicle’s fluid systems," according to a social media post. "The teams are analyzing the new data to isolate the root cause." Isar is flush with cash, having raised nearly $1 billion to date, but is still lacking in the critical currency of flight experience. The Spectrum rocket has flown just once to date, on a failed launch last year that lasted less than 30 seconds.

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A businessman with ties to Chinese military contractors was among the overseas investors who acquired stakes in SpaceX while it was still a private company. An entity linked to the Qatari royal family also took a stake.

The new details come from a private investor list obtained by ProPublica that sheds light on a particularly delicate issue for Elon Musk’s rocket company: which people in countries like China bought into the company, and how. SpaceX built its business off sensitive US government work like making spy satellites for the Pentagon. While there is no ban on Chinese investment in US military contractors, such investment is heavily regulated.

In a sign of its sensitivity to the concerns, SpaceX barred investors from China and Hong Kong from buying shares in its initial public offering last week due to “regulatory and compliance risks,” Bloomberg reported. The US government alleges that China has a strategy of using investments in sensitive industries for espionage and to get access to cutting-edge technology.

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One of the United States' most storied space launch sites has been cleared of its decades-old support towers, making way for modern rockets to use the pad. Space Launch Complex-6 (SLC-6) at Vandenberg Space Force Station is arguably better known for what did not lift off from there than for what did.

A series of demolition charges on Tuesday (June 16) brought down the access tower, mobile service tower, and what remained of the assembly building at SLC-6—pronounced "slick-six"—in Southern California. Once the location for the US Air Force's first effort to put humans into space and later, the West Coast launch site for the space shuttle, SLC-6 will next be used by SpaceX in support of Falcon 9 and Falcon Heavy missions.

Vandenberg Space Force Base personnel watch as the assembly building at Space Launch Complex-6 (SLC-6) is toppled on June 16, 2026, to make way for SpaceX's use of the site. Credit: Space Launch Delta 30/Tech. Sgt. Draeke Layman

"Space Launch Complex-6 represents six decades of American innovation and our unwavering commitment to securing space superiority," Col. James T. Horne III, commander of Space Launch Delta 30 at Vandenberg, said in a statement. "By modernizing this historic footprint in partnership with our defense industrial base, we are building directly upon the foundation of our pioneers."

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SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter.

It comes just two days after SpaceX's unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI.

Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It's a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features.

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Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded.

The company began trading on the NASDAQ exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the company's shares were selling at $160.95, a respectable increase of more than 19 percent.

On paper, SpaceX founder Elon Musk became the world's first trillionaire, with his personal stake in the company valued at more than $700 billion. Because of the company's stock options plan, thousands of current and former employees became overnight millionaires. Employees at SpaceX have worked remarkably hard over the last 24 years, and now they will be richly compensated for having done so.

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Starlink has started charging a $10 monthly rental fee for hardware in a shift away from its longtime practice of selling hardware to customers for a one-time charge.

Starlink residential ordering pages now show an upfront hardware cost of $0 and a monthly kit fee of $10, similar to the hardware rental fees long charged by cable and telecom companies. Starlink hardware includes a terminal to receive satellite signals and a router to place in a user's home.

The monthly kit fee is in addition to Internet service prices, which Starlink recently raised by $5 to $10 per month. Starlink is charging $55 a month for 100Mbps, $85 for 200Mbps, and $130 for the "Max" tier that can go up to 400Mbps. Starlink also provides a professional-installation service for a one-time fee of $199, or for no additional charge if you subscribe to the Max plan.

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A little more than five years ago, a shiny white Falcon 9 rocket made its debut flight, boosting a Cargo Dragon spacecraft to the International Space Station. Over the next year, it would launch a pair of astronaut missions and a handful of commercial spacecraft.

But since then, this first stage booster, designated B 1067, has mostly flown Starlink missions. It has launched them one after another, always returning safely to a drone ship before undergoing refurbishment and flying again. Sometimes it has flown twice in a single month.

On Monday morning, B 1067 once again took to the skies, launching 29 Starlink Internet satellites into low-Earth orbit from Florida. Upon landing on the A Shortfall of Gravitas drone ship in the Atlantic Ocean, the vehicle completed its 35th mission overall, retaining its title as fleet leader for SpaceX.

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SpaceX has requested unusually swift entry into several leading stock market indexes as a condition of its historic stock market debut. But the S&P 500 stock market index representing many of the largest profitable US companies has surprised market analysts by refusing to bend the rules for Elon Musk’s space and AI company.

The June 4 decision by S&P Dow Jones Indices—the company that creates and manages stock market indexes such as the S&P 500—means that SpaceX will not gain accelerated access to potentially billions more dollars through passive investment funds that automatically purchase shares of S&P 500 companies. Modifying the rules in response to SpaceX's request could have also allowed leading AI companies such as OpenAI and Anthropic to gain entry not long after their own expected initial public offerings (IPOs). That possibility has now been shuttered.

The news will likely come as a relief to people concerned about passive investor money and people’s retirement savings plans having greater exposure to the market risks associated with SpaceX’s big bet on AI and speculative orbital data center plans. AI companies are generally facing more challenges in funding and building expensive AI data centers, even as they shift more of the subsidized costs of running AI services onto shocked customers through usage-based pricing.

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Welcome to Edition 8.44 of the Rocket Report! The news this week is decidedly weighted in favor of heavy-lift rockets, largely due to the fallout from last Thursday's explosion of Blue Origin's New Glenn on its launch pad in Florida. Blue Origin aims to resume launches at the badly damaged launch facility by the end of the year, but there's good reason to be skeptical of this timeline. With New Glenn grounded, will Blue Origin founder Jeff Bezos approach Elon Musk's SpaceX to launch his Blue Moon lander to the lunar south pole? It sure sounds like NASA is pushing for that.

As always, we welcome reader submissions. If you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar.

Spaceport development moves forward in Canada. There's been a lot of talk about the Canadian government's recent commitment to invest in a sovereign launch capability. There was the announcement last year of a federal budget of 182.6 million Canadian dollars ($131 million) over three years to establish a sovereign launch program. In March, the government said it would lease a dedicated launch pad at a commercially developed spaceport in Nova Scotia for national defense purposes, committing 200 million Canadian dollars ($144 million) to the deal. The agreement is a boon for Maritime Launch Services, which is developing Spaceport Nova Scotia after years of slow progress at the coastal site, SpaceQ reports.

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