News
NASA’s SLS Moon rocket almost aces vital prelaunch test on 7th try
Following several incomplete attempts in April, June, August, and September, NASA’s first Space Launch System (SLS) Moon rocket has almost aced a vital prelaunch test on the seventh try.
NASA says that “all objectives were met” during the ten-hour test, which wrapped up around 4:30 pm EDT (20:30 UTC) on Wednesday, September 21st. Despite the rocket running into multiple additional issues, some old and others new, the agency was confident enough in the preliminary results of the wet dress rehearsal (WDR) – deemed a “cryogenic demonstration test” – to reaffirm that it’s still working towards a third launch attempt as early as September 27th.
That launch date is not set in stone, but NASA also hasn’t ruled out the window after the latest round of SLS testing. The agency will host a press conference on Friday, September 23rd, to provide its final decision and offer more details about the seventh wet dress rehearsal.
Despite NASA’s apparent confidence after the test, which was admittedly smoother than most previous SLS tests at the launch pad, it was far from smooth. The immediate story of the “cryogenic demonstration test” dates back to the SLS Artemis I rocket’s second so-called “launch attempt” on September 3rd. During that attempt, the launch was aborted well before SLS was ready when NASA detected a major hydrogen fuel leak around one of the quick-disconnect umbilical panels that fuels and drains the rocket. Remote troubleshooting was unable to solve the problem, forcing NASA to stand down.
Over the last few weeks, teams inspected, tested, and repaired the faulty Tail Service Mast Umbilical (TSMU), preparing for a cryogenic proof test meant to verify that the issue was fixed. During that September 21st test, the TSMU still leaked significantly for the whole duration, but it did so more predictably and – unlike prior leaks – never violated the limits that would trigger a launch abort.
But near the end, a different umbilical panel developed a significant hydrogen leak that did violate those launch constraints, meaning that NASA would have likely had to stand down yet again if it had attempted to launch before completing additional testing. The test was completed successfully, but its goals and constraints were not the same as those facing a launch.
A NASA-developed rocket leaking hydrogen is unfortunately a tale as old as time. That the agency that struggled with hydrogen leaks throughout the 30-year career of the Space Shuttle appears to be just as flabbergasted by nearly identical problems on a new rocket – SLS – that has Shuttle ‘heritage’ on almost every square inch is not surprising, even if it is somewhat embarassing.
Liquid hydrogen fuel always has been and likely always will be a massive pain to manage in any rocket, but especially in a large rocket. As the smallest element in the universe, it is fundamentally leak-prone. Combined with the fact that it only remains liquid below the extraordinarily low temperature of -253°C (-423°F), generates ultra-flammable hydrogen gas as it continually attempts to warm to a more stable temperature, and naturally embrittles most metals, it’s an engineering nightmare by almost every measure.
For all that pain, hydrogen does provide rocket engineers exceptional efficiency when properly exploited, but even that positive aspect is often diminished by hydrogen’s ultra-low density. For rocket stages that have already reached orbit, hydrogen-oxygen propellant offers unbeatable efficiency. But for a rocket stage that will never be used in orbit, like the SLS core stage, hydrogen fuel is rarely worth the tradeoffs – a reality that SLS is unfortunately providing a strong reminder of.
Demonstrating the Groundhog Day-esque nature of NASA rockets and hydrogen leaks, the same leaky TSMU panel that aborted SLS’ September 3rd launch attempt (sixth WDR) and had to be fixed and retested on September 21st also caused a hydrogen leak that partially aborted the rocket’s third wet dress rehearsal attempt in April 2022. NASA then rolled the rocket back to the Vehicle Assembly Building (VAB), where workers spent almost two months inspecting and reworking the fuel TSMU and fixing other issues. During its first test (WDR #4) after rolling back to the pad in June, the same fuel TSMU leaked and NASA had to return the rocket to the VAB again to fix the problem.
The fuel TSMU then leaked on the SLS rocket’s first launch attempt (really WDR #5), but the problem was resolved and was not what caused NASA to stand down. It was, however, a primary reason behind NASA’s second aborted launch attempt (WDR #6). With any luck, the eighth time will be the charm.
Elon Musk
Tesla Earnings: financial expectations and what we should to hear about
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects.
Tesla (NASDAQ: TSLA) will report its earnings for the first quarter of 2026 this evening after the market closes, and analysts have already put out their expectations from a financial standpoint for the company’s first three months of the year.
Additionally, there will be plenty of things that will be discussed, including the recent expansion of the Robotaxi program, the Roadster unveiling, and Full Self-Driving (Supervised) approvals across the globe.
Financial Expectations
Wall Street consensus expectations put Tesla’s Earnings Per Share (EPS) at $0.36, while revenues are expected to come in around $22.35 billion.
This would compare to an EPS of $0.27 and $19.34 billion compared to Tesla’s Q1 2025. Last quarter, EPS came in at $0.50 on $29.4 billion of revenue.
Tesla beat analyst expectations last quarter, but the next trading day, the stock fell nearly 3.5 percent. We never quite can gauge how the market will respond to Tesla’s earnings; we’ve seen shares rise on a miss and fall on a beat.
It really goes on the news, and investor consensus, it seems.
What to Expect
In terms of discussions, Tesla earnings calls are usually a great time to get some clarification on the company’s outlook for its current and future projects. Right now, the big focus of investors is the Robotaxi program, the Roadster unveiling, and what the outlook for Full Self-Driving’s expansion throughout Europe and the rest of the world looks like.
Robotaxi
Tesla just recently expanded its unsupervised Robotaxi program to Dallas and Houston, joining Austin as the first cities in the U.S. to have access to the company’s ride-hailing suite.
Tesla expands Unsupervised Robotaxi service to two new cities
Some saw this move as a quick effort to turn attention away from a delivery miss and an anticipated miss on earnings. However, we’ve seen Tesla be more than deliberate with its expansion of the Robotaxi suite, so it’s hard to believe the company would make this move if it were not truly ready to do so.
The company is also working to expand its U.S. ride-hailing service outside of Texas and California, and recently filed paperwork to build a Robotaxi-exclusive Supercharger stall.
Expansion is planned for Florida, Nevada, and Arizona at some point this year, with more states to follow.
Roadster Unveiling
The Roadster unveiling was slated for April 1, and then pushed back (once again) to “probably late April,” according to Elon Musk.
It does not appear that the Roadster unveiling will happen within that time frame, at least not to our knowledge. Nobody has received media or press invites for a Roadster unveiling, and given the lofty expectations set for the vehicle by Musk and Co., it seems like something they’d want to show off to the public.
The Roadster has become a truly frustrating project for Tesla and its fans; evidently, there is something that is not up to the expectations Musk and others have. Meanwhile, fans are essentially waiting for something that is six years late.
At this point, also given the company’s focus on autonomy, it almost seems more worth it to just cancel it, remove any and all timelines and expectations, and surprise people with something crazy down the line, maybe in two or three years. There should be no talk of it.
Full Self-Driving Global Expansion
We expect Musk and Co. to shed some details on where it stands with other European government bodies, as it recently was able to roll out FSD (Supervised) to customers in the Netherlands.
Spain is also working with Tesla to assess FSD’s viability as a publicly available option for owners.
With that being said, there should be some additional information for investors as they listen to the call; no talk of it would be a pretty big letdown.
Optimus
There will likely be a date set for the Gen 3 Optimus unveiling, and we’re hopeful Tesla can keep that date set in stone and meet it. Not reaching timelines is a relatively minor issue, but a company can only do this for so long before its fans and investors start to lose trust and disregard any talk about dates.
It seems this is happening already.
Optimus has been pegged as Tesla’s big money maker for the future. The goals and expectations are high, but it is a privilege to have that sort of pressure when investors know the company’s capability.
News
Tesla just unlocked sales to 50,000+ government agencies
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
Tesla just unlocked sales to over 50,000 government agencies by entering a new agreement with Sourcewell, a purchasing cooperative.
Tesla entered a new master purchasing agreement with Sourcewell, the largest government purchasing cooperative in the U.S. This will enable streamlined sales of its EVs to more than 50,000 U.S. public entities. Tesla entered Designated Contract 0813525-TES, and the agreement covers Model 3, Model Y, and Cybertruck, and potentially other vehicles the company could release.
It marks a significant step in expanding Tesla’s presence in the public sector, where procurement processes have traditionally slowed electric vehicle adoption.
The deal allows eligible agencies, including cities, school districts, state governments, and higher-education institutions, to purchase Tesla vehicles directly through Sourcewell without conducting their own lengthy competitive bidding or request-for-proposal (RFP) processes.
Pricing is pre-negotiated and capped, providing transparency and predictability. Agencies simply register for a Sourcewell account online or by phone and place orders under the existing contract. This cooperative model aggregates demand across thousands of members, reducing administrative costs and time while ensuring compliance with public procurement rules.
For Tesla, the agreement removes major barriers to government fleet sales. Public-sector procurement cycles often stretch 12 to 18 months due to bidding requirements and committee reviews.
Tesla buyers in the U.S. military can get $1,000 off Cybertruck purchases
By securing the master contract, Tesla gains immediate, simplified access to a massive customer base that previously faced friction in adopting EVs. The company highlighted in its announcement that the partnership will help these 50,000-plus agencies “save thousands of $$$ in operating costs for their vehicle fleet over time” through lower maintenance, energy efficiency, and the elimination of tailpipe emissions.
The initial four-year term runs through November 13, 2029, with options for up to three one-year extensions, offering long-term stability for both parties.
Sourcewell’s role is central to execution. As a cooperative purchasing organization, it negotiates and manages vendor contracts on behalf of its members, then makes them available nationwide. Participating entities contact Tesla’s dedicated fleet team or Sourcewell representatives to complete purchases, bypassing redundant paperwork.
This structure accelerates fleet electrification while maintaining fiscal accountability—agencies receive pre-vetted pricing and terms without reinventing the wheel for each vehicle order.
The partnership positions Tesla to capture a larger share of the public fleet market, where total cost of ownership often favors electric vehicles once procurement hurdles are removed.
For government buyers, it translates to faster deployment of sustainable fleets, reduced long-term expenses, and alignment with environmental mandates. As more agencies transition, the contract could contribute to broader EV infrastructure growth and taxpayer savings across the country.
Elon Musk
How much of SpaceX will Elon Musk own after IPO will surprise you
SpaceX’s IPO filing confirms Musk will maintain his voting power to make key decisions for the company.
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote.
Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing. Beyond that, the filing includes provisions that may limit shareholders’ influence over board elections and legal actions, forcing disputes into arbitration and restricting where they can be brought.
The case for Musk holding this level of control is grounded in SpaceX’s actual history. The company’s most important bets, from reusable rockets to a global satellite internet constellation, were decisions that ran against conventional aerospace thinking and would likely have faced resistance from a board accountable to investor gains. Fully reusable rockets were considered economically irrational by established industry players for years. Starlink, which now generates over $4 billion in annual operating profit, was widely dismissed as financially unviable when it was proposed. The argument for concentrated founder control seems straightforward, and the decisions that built SpaceX into what it is today required someone willing to ignore consensus and absorb years of losses.
SpaceX files confidentially for IPO that will rewrite the record books
For context, Musk’s position is significantly more dominant than Zuckerberg’s at Meta. The comparison with Tesla is also worth noting. When Tesla did its IPO in 2010, it did not issue dual-class shares. Musk has only recently pushed for enhanced voting protection, proposing at least 25% control at Tesla in 2024 after selling shares to fund his Twitter acquisition left him with around 13%.
SpaceX has clearly learned from that experience and structured the IPO differently by planning to allocate up to 30% of shares to retail investors, roughly three times the typical norm for a large offering. The roadshow is expected to begin the week of June 8, with a Nasdaq listing rumored to be a $1.75 trillion valuation and a $75 billion raise.
Tesla Earnings: financial expectations and what we should to hear about
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
