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NASA says SpaceX astronaut launch debut is still on track despite pandemic, engine failure
Despite a global pandemic and Falcon 9’s first in-flight engine failure in almost eight years, NASA administrator Jim Bridenstine remains confident that SpaceX and the space agency are still on track for Crew Dragon’s astronaut launch debut.
For the third time in about a month, NASA has officially confirmed that SpaceX’s Crew Dragon ‘Demo-2’ mission – the company’s first astronaut launch ever – is still tracking towards a liftoff in May 2020. While there are several good reasons to expect further delays, Bridenstine acknowledged and discounted those pressing risks in an April 9th interview with Spaceflight Now, explicitly stating that “if [Demo-2 does] slip, it’ll probably be into June. It won’t be much.”
Excluding several minor to moderate technical risks that have popped up in recent weeks, this suggests that the NASA administrator is also confident that one of the biggest sources of imminent schedule uncertainty – closed-door paperwork completion and joint reviews – will actually be smooth sailing.
On March 2nd, 2019, Falcon 9 lifted off for the first time with SpaceX’s upgraded Crew Dragon spacecraft on its inaugural orbital launch. Known as Demo-1, the mission was ultimately a flawless success, with Dragon performing exactly as expected throughout launch, orbit-raising, space station rendezvous, docking, departure, deorbit, reentry, and splashdown operations.
As Crew Dragon’s only orbital launch and space station docking, it also serves as the best and only glimpse into how long the more nebulous review and paperwork aspects of launch preparation can take. For Demo-1, Falcon 9 and Crew Dragon rolled out to Launch Pad 39A and completed a successful static fire on January 24th, 2019. The mission was then scheduled for launch no earlier than (NET) February 23rd and wound up being pushed back another week to March 2nd. In almost every case, Falcon 9 and Falcon Heavy launch less than a week after a successful preflight static fire and do not attempt a static fire until a given rocket and payload are both ready to go.
If there were technical challenges that lead to that six-week delay between Crew Dragon’s Demo-1 static fire and launch, they have never been broached publicly, making it more likely that NASA spent at least a month simply finishing up final paperwork and reviews. Hopefully, that substantial gap was mainly due to the fact that it was the first time NASA and SpaceX had to work together to launch Crew Dragon.
For Crew Dragon’s second Falcon 9 launch, successfully completed on January 19th, 2020, the rocket wrapped up its static fire test on January 11th — a major improvement compared to Demo-1. That suborbital In-Flight Abort (IFA) test isn’t directly comparable to Crew Dragon’s orbital launch debut, but it does encourage at least a little confidence that Demo-1’s six-week review period was an outlier.
Thankfully, Bridenstine says that all major Crew Dragon issues have been effectively closed out or are very close to closure as of April 2020. A SpaceX contractor was recently forced to prematurely drop a Crew Dragon parachute test vehicle on March 25th, destroying the mockup capsule before it could complete two final tests. The NASA administrator now says that all parties have agreed to complete those tests with a different mockup and will use a C-130 cargo plane instead of a helicopter.
Bridenstine is also confident that the coronavirus pandemic – hampering almost all forms of industry in every afflicted country – will also have little to no impact on Crew Dragon’s astronaut launch debut schedule. NASA and SpaceX have put in place strict new rules and changed a number of procedures to further mitigate risk, helped by the fact that astronaut launches to the International Space Station (ISS) already operate with cleanliness and disease prevention as a major priority.
Finally, the NASA administrator also stated that SpaceX’s March 18th in-flight engine failure was “not going to impact our commercial crew launch,” confirming that SpaceX already has “a really good understanding of” what went wrong. Most likely, this means that Falcon 9 B1048’s stumble was directly related to the fact that the booster was flying for the fifth time – a first for a SpaceX rocket and orbital-class rocket boosters in general. Crew Dragon Demo-2 will be Falcon 9 booster B1058’s first launch.
Ultimately, while there are certainly good reasons to remain skeptical of NASA’s increasingly frequent assurances that Crew Dragon’s astronaut launch debut remains on track for late-May or June 2020, there are at least as many good reasons to stay confident.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
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.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
