News
NASA scrubs first SLS Moon rocket launch attempt
NASA has scrubbed the first attempted launch of its Space Launch System (SLS) Moon rocket after running into multiple issues, one of which could not be solved in time.
The delay is bad news for the tens to hundreds of thousands of tourists who traveled to Cape Canaveral, Florida to witness the launch in person. Worse, by NASA’s own implicit admission, there’s a good chance the main problem SLS encountered could have already been dealt with and rectified in advance of the launch attempt if the space agency had finished testing the rocket earlier this summer.
Ultimately, that omission turned the first SLS launch attempt into more of a continuation of the rocket’s first four wet dress rehearsal (WDR) attempts, none of which ended as expected. NASA engineers will now have to decide how to proceed and whether the SLS rocket can be made ready in time for another launch attempt on September 2nd or 5th. If not, the next opportunity could be weeks away.
As far as SLS test operations go, the August 28/29th launch attempt was fairly ordinary, with the rocket running into multiple issues – a few minor, a few significant, and one identical to a previous problem. The first problem – a hydrogen leak near the SLS rocket’s base – came after a risk of lightning delayed the start of propellant loading by more than an hour. A very similar, if not identical, hydrogen fuel leak had already occurred during official wet dress rehearsal testing in April and July.
That leak was fixed on the fly by properly chilling all related systems, and propellant loading was eventually completed – albeit a few hours late thanks to inclement weather. Shortly after, there were reports of a crack that needed careful analysis. Only later did NASA specify that the suspected crack was in the rocket’s foam insulation rather than its structures, the latter of which could have been a catastrophic problem.
Around the same time, the true showstopper of the day occurred when NASA attempted to chill the SLS Core Stage’s four RS-25 engines, all of which flew several times aboard reusable Space Shuttle orbiters. Three engines performed (mostly) as expected, flowing a bit of liquid hydrogen fuel to cool themselves down, but one – engine #3 – was never able to make progress toward the optimal temperature needed for ignition (~5°C/~41°F). After hours of remote troubleshooting attempts, no progress had been made, and NASA ultimately decided to scrub the launch attempt at T-40 minutes to liftoff.
Over the course of four separate wet dress rehearsal attempts in April and June 2022, NASA was never able to test the core stage’s engine chill capabilities. In a post-scrub press conference, Jim Free – NASA’s Associate Administrator of the Exploration Systems Development Division – revealed that all four engines were warmer than intended, further confirming that skipping a fully nominal wet dress rehearsal was likely a mistake. Clear and present evidence aside, Free stated that he and other executives still believed skipping that test was the right decision, claiming that ending explicit WDR testing reduced the number of times the rocket needed to be moved on its transporter.
Making the situation even harder to explain, Artemis I Mission Manager Mike Sarafin revealed in the conference Q&A that Boeing had changed the design of parts of the SLS engine chill (bleed) system after the Core Stage finally conducted a nominal static fire test at Mississippi’s Stennis Space Center. Completed in March 2021, the SLS rocket then sat inside NASA’s Kennedy Space Center, Florida Vehicle Assembly Building (VAB) for a full year before attempting its first wet dress rehearsal tests at the launch pad.
The first round of three WDRs were not as smooth as NASA expected and instead uncovered three relatively small issues: a hydrogen leak, a single faulty upper stage valve, and problems with a ground supply of nitrogen gas. Those small issues led NASA to roll SLS back to the VAB for repairs, incurring a minimum multi-week delay that stretched into two months. SLS also failed to complete a fourth WDR attempt in July 2022, but NASA decided to overlook the rocket parts and phases of preflight operations that were never actually tested as planned, one of which was the engine chill system.
If NASA cannot fix the RS-25 chill system within the next few days, it will be forced to roll the entire rocket and mobile launch platform back to the VAB to – at a minimum – replace its flight termination system (FTS). The US Eastern Range requires that all rocket FTS systems be tested no more than 15 days before launch, and NASA was able to secure special permission for a gap of up to 25 days. However, because Boeing’s Core Stage design places the FTS system in a location that is reportedly inaccessible at the pad, the entire SLS rocket will need to roll back to the VAB to have its FTS systems “retested” after that period.
As a result, NASA’s SLS launch debut will be delayed by several weeks (at best) if it can’t recycle for another attempt on September 2nd or 5th. The next window runs from September 20th to October 4th, but the SLS rocket took 10 days to go from its latest rollout to first launch attempt – a figure that doesn’t include the time required to remove the rocket from the pad, roll it back to the VAB, and conduct any necessary repairs or tests while back in the bay. If NASA can’t fix the engine problem at the pad by September 3rd or 4th, the true delay could be more like 4-6 weeks.
With any luck, that won’t happen, but it’s clear that a lot of stress and discomfort could have been avoided if NASA had gone into its first launch attempt knowing that its SLS rocket was truly ready.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
In early 2026, Tesla made a bold strategic pivot: it largely eliminated the option to purchase Full Self-Driving (FSD) software outright and shifted to a subscription-only model. The change, effective around mid-February, ended the one-time fee that had previously ranged as high as $15,000 and later dropped to $8,000. Instead, customers would access FSD (Supervised) for $99 per month in the U.S.
At the time, skeptics questioned whether locking customers into recurring payments would hurt adoption or alienate buyers who preferred ownership of the feature. Tesla bet that a lower barrier to entry, seamless integration at purchase, and the ability to cancel at any time would drive higher uptake.
The results from Q2 2026 speak for themselves: the decision has been a resounding success, delivering the largest quarterly growth in FSD subscriptions in the company’s history.
Tesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026.
Tesla added more FSD subscribers in Q2 than in any quarter in its history. pic.twitter.com/jTciTD2JqW
— Sawyer Merritt (@SawyerMerritt) July 22, 2026
According to Tesla’s Q2 shareholder update, active FSD subscriptions reached 1.48 million globally by the end of June 2026. That represents a 56 percent increase year-over-year and a 15.6 percent jump from the prior quarter. Tesla added roughly 200,000 new subscriptions in the period alone—the biggest single-quarter gain on record.
North America led the charge, with more than 55 percent of new vehicle deliveries including an FSD subscription at the time of purchase, a record attach rate for the region.
Tesla explicitly noted that “more customers [are] opting for subscription at the time of vehicle purchase,” crediting the model shift and prominent placement of the option in the ordering process. Subscriptions now contribute meaningfully to ancillary revenue, helping offset pressure elsewhere in the business.
The financial upside is substantial: At $99 per month, 1.48 million active subscriptions generate approximately $146.5 million in monthly recurring revenue. Over a full year, that equates to roughly $1.76 billion in annualized recurring revenue (ARR) from FSD subscriptions alone, assuming steady retention and no major pricing changes.
These figures represent pure, high-margin software revenue. Unlike vehicle sales, which carry production costs, warranty obligations, and supply-chain risks, FSD subscriptions flow largely to the bottom line once the software is developed and deployed over-the-air.
Tesla does not break out exact FSD subscription revenue in its filings (it sits within “Services and Other”), but the category grew 50 percent year-over-year in Q2, with executives highlighting subscriptions as a key driver.
The subscription model offers several structural advantages. It lowers the upfront cost of a new Tesla, potentially broadening the buyer pool and supporting vehicle demand, especially important amid fluctuating EV market conditions. It creates a predictable revenue stream that compounds as the fleet grows and more owners try (and stick with) the software.
Legacy one-time purchasers still exist, but new growth is overwhelmingly subscription-based following the February cutoff.
Early data also suggests improving retention and satisfaction, as well. Tesla has rolled out iterative FSD updates, including v14 features, and expanded availability to additional markets. Recent regulatory approvals in parts of Europe have further boosted interest, with owners in newly enabled countries eager to activate the software they had been waiting for.
FSD is still supervised; regulatory hurdles for true unsupervised autonomy persist in many regions, including the United States, and competition in advanced driver-assistance systems is intensifying. Yet the Q2 numbers validate Tesla’s bet: by removing the large upfront commitment and making FSD accessible via subscription, the company has accelerated adoption faster than many anticipated.
What began as a controversial switch-up has become a clear win. With nearly 1.5 million subscribers, record attach rates, and nearly $1.8 billion in potential annual recurring revenue already in view, Tesla’s FSD business is transitioning from a promised future to a tangible, fast-growing profit engine.
If the momentum continues, and especially if unsupervised capabilities unlock robotaxi opportunities, the subscription flywheel could become one of the most valuable assets in Tesla’s portfolio.
Tesla Robotaxi is among its biggest projects currently, but many have been quick to point out the fact that the company has definitely been slow to expand its fleet.
However, there is definitely a method to that madness. CEO Elon Musk answered several concerns during last night’s quarterly earnings call that some might have about that slow rollout of the Robotaxi suite, maintaining the company’s narrative on prioritizing safety and wanting to avoid injuries to anyone, including animals.
Musk said:
“With Robotaxi, our goals are very ambitious for Robotaxi, but we do need to be cautious about causing any accidents or causing any harm to anyone. Although there are, I think, 30,000 to 40,000 automotive deaths per year in the U.S. alone, most of those do not generate any press or maybe, you never really read about almost any of those. If we injure even one person, it’ll be worldwide headline news, and regulators will immediately clamp down on our activities.
We don’t want to injure anyone. We’re going as fast as humanly possible in scaling Robotaxi, but while trying to ensure that we do not harm anyone at all, and ideally do not even run over a pet. That’s really the constraint is we want to grow as fast as possible with Robotaxi without harm to anyone.”
Tesla has maintained an exemplary safety record with its Robotaxi suite, according to internal data. VP of AI, Ashok Elluswamy, said that the Robotaxi suite has driven more than 380,000 miles unsupervised without any incidents.
0 notable incidents across over 380,000 miles traveled by Robotaxi
— Tesla (@Tesla) July 22, 2026
Analyst Colin Langan of Bank of America also pushed Tesla executives for answers regarding the company’s decision to add cities across several states with dozens of vehicles “as opposed to hundreds.”
Elluswamy said there’s a bigger advantage to do it the way Tesla has been because it ensures that its software stack “is a very general one:”
“The reason we have been expanding across different cities instead of just doubling down on a single city, is that we want to make sure that our stack is a very general one. It is a general one. We just want to both prove to ourselves and to other folks that it is working across a lot of different cities without too much effort per city. That’s what we see internally.”
In the past, we have written about Tesla’s decision to be incredibly conservative with its Robotaxi rollout, especially with the incredibly small fleet size compared to competitors. However, there really is not a price anyone can put on safety for those utilizing the platform or pedestrians, so what Tesla is doing is justified.
A year into the Robotaxi program being active, Tesla has made major strides, but many investors and fans would like to see the fleet expand as quickly as the program has to other cities and states.
Google’s massive stake in SpaceX will shock you
Tesla’s switch-up on selling Full Self-Driving has paid off big time
