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Elon Musk says SpaceX could catch Crew Dragon and NASA astronauts with a giant net
Shortly after SpaceX flawlessly completed Crew Dragon’s In-Flight Abort (IFA) test earlier today, CEO Elon Musk – speaking at a post-launch press conference – revealed that SpaceX wants to try to catch future Dragon spacecraft with the same ships – and giant nets – it uses to recover Falcon fairings.
This is not the first time Musk has mentioned such a plan. Back in February 2018, he noted that SpaceX ship Mr. Steven (now Ms. Tree), designed to catch parasailing fairing halves out of the air, “might be able to do the same thing with Dragon — if NASA wants us to, we can try to catch Dragon.” The motivation behind catching Dragon – instead of fishing it out of the Atlantic Ocean – is effectively the same reason that SpaceX is trying to routinely catch Falcon fairings: it’s much easier to reuse aerospace hardware that hasn’t been dunked and soaked in saltwater.
Of course, Musk cautioned that SpaceX would only pursue Dragon catches if NASA were open to the idea – the space agency’s conservatism is already largely responsible for the death of propulsive Crew Dragon landing, also intended to make spacecraft reuse much easier. Additionally, the CEO qualified his comments by noting that SpaceX would attempt to catch Crew Dragon only after Falcon fairing halves are being routinely and reliably caught.
As it turns out, both fairing recovery ships Ms. Tree and Ms. Chief are set to attempt their second simultaneous fairing catch less than 48 hours from now.
Ms. Tree and Ms. Chief actually departed their Port Canaveral home berths on the evening of January 18th, barely 12 hours before Falcon 9 B1046 lifted off for fourth and final time and was sacrificed for a thankfully flawless Crew Dragon abort test. The fast recovery ships – each outfitted with a giant net – are scheduled to attempt their second-ever simultaneous recovery of both halves of a Falcon 9 payload fairing.
Barely 48 hours after Crew Dragon’s IFA test, SpaceX has another Falcon 9 launch scheduled to lift off as early as 11:59 am EST (16:59 UTC) on Monday, January 21st. The mission will be SpaceX’s second Starlink satellite launch and third launch overall this month and is set to place the fourth batch of 60 Starlink internet satellites into low Earth orbit (LEO). Like all SpaceX satellite launches, the mission – Starlink V1 L3 or the third launch of Starlink v1.0 spacecraft – will feature a standard Falcon 9 fairing.
Around three minutes after liftoff, said fairing will separate into its two halves, deploying from the top of Falcon 9 and beginning a 100+ km (63+ mi) journey back to Earth. For SpaceX’s unique payload fairing, that journey includes reorienting with cold-gas thrusters, deploying a GPS-guided parafoil, and attempting to gently land in a giant net carried on the back off a ship.
Thus far, SpaceX has attempted to catch Falcon fairing halves nine separate times, resulting in two successful catches in June and August 2019. Two subsequent catch attempts in December 2019 and January 2020 were unsuccessful, a strong sign that SpaceX still has a ways to go before fairing catches are as routine and reliable as Falcon booster recovery.
As such, it’s unlikely that Ms. Tree or Ms. Chief will be catching Crew or Cargo Dragon capsules anytime soon. Still, it’s increasingly clear that every fairing catch attempt will also represent a potential step towards the goal of keeping Dragons and the NASA astronauts they’ll carry as dry as possible.
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Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
