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Neuralink Telepathy livestream reactions show that people can still be optimistic (Op-ed)
It is no secret that Elon Musk’s ventures are ambitious. It is also no secret that they attract equal amounts of praise and criticism. Following Musk’s purchase of Twitter, which he has since renamed to X, the volume of negative coverage attracted by the Tesla CEO’s projects has been substantial. Anyone who’s followed Musk over the years knows that the CEO attracts a lot of vitriol today, and so do his companies.
This changed — at least to some degree — when Neuralink posted an update on Participant #1, its first human patient, yesterday. In a rather informal livestream, Neuralink’s Bliss Chapman and Neuralink patient Noland Arbaugh demonstrated how Telepathy, the company’s first device, worked. Arbaugh is a 29-year-old who was paralyzed from the shoulders down after a freak diving accident, and he received his Neuralink Telepathy in January.
https://t.co/OMIeGGjYtG— Neuralink (@neuralink) March 20, 2024
As noted by Arbaugh, the capability to move and engage with technology using Telepathy is nothing short of life-changing. So life-changing was his Neuralink implant that the 29-year-old admitted that the first thing he did with his Telepathy device was play Civilization VI all night. Elon Musk, in a response on X, lightly admitted that playing Civilization VI would be the first thing he would do as well under the same circumstances.
.@elonmusk’s @neuralink has shared a video of the company’s first human brain implant patient. pic.twitter.com/ou4Y3jBI9C— Last Call (@LastCallCNBC) March 21, 2024
Quite surprisingly, the media attention that Neuralink’s Telepathy demonstration has been notably positive. And while Musk’s involvement in the company did attract the usual criticisms from skeptics, even media outlets such as CNBC have admitted that with companies like Neuralink, it is actually a pretty amazing time to be alive. TMZ shared the same sentiments, with the media outlet’s hosts acknowledging the potential benefits of Neuralink for humanity.
Neuralink's first patient is able to play chess online using only his brain! @RyanTanaka3 came on TMZ Live to talk about the amazing progress Elon Musk's company is making. pic.twitter.com/g4KzWVgYdk— TMZ Live (@TMZLive) March 21, 2024
Peter Diamandis, the founder and executive chairman of XPrize, also praised the milestone. In an interview with CNBC, Diamandis noted that this is just the beginning. He also noted that “the speed of acceleration means in the next ten years, we’re going to see as much progress as we’ve seen in the last hundred years.” Such sentiments are not that farfetched. One simply needs to look at Tesla and SpaceX’s milestones over the past decade to show that Musk-led companies tend to grow and innovate quickly.
"This is just the beginning," says @PeterDiamandis on @elonmusk’s @neuralink. "The speed of acceleration means in the next 10 years we're going to see as much progress as we've seen in the last hundred years." pic.twitter.com/3NrXsiVOTu— Last Call (@LastCallCNBC) March 22, 2024
What is quite amazing is the fact that Neuralink is really just getting started. Telepathy has already demonstrated its potential to change lives, and the company’s next product, which Elon Musk noted would be called Blindsight, could help even more people. Yes, there will definitely be critics. A look at social media today would show as much. But at the same time, it’s also pretty encouraging to see a growing group of supporters cheering on Neuralink as it takes aim at its ambitious goals.
.@elonmusk's Neuralink has done the impossible. Seeing my grandfather try to communicate after suffering from strokes was like watching a man trapped in prison. I wish he had this tech because it will free so many like him. I just hope it never gets into the hands of bad actors. pic.twitter.com/W589KGroCw— Glenn Beck (@glennbeck) March 21, 2024
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Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
