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Relativity Space’s first 3D-printed rocket arrives at launch pad
Relativity Space has shipped both stages of its first 3D-printed Terran-1 rocket to a launch pad it recently finished constructing at Florida’s Cape Canaveral Space Force Station (CCSFS), leaving the startup just a few steps away from its first orbital launch attempt.
As Relativity CEO Tim Ellis himself noted, the company is about two years behind its initial goal of a 2020 launch debut, but it’s far from alone in that regard. Virtually all of its most direct competitors are in similar boats. Out of sheer coincidence, startups ABL Space and Firefly Space are working towards orbital launch attempts of their similarly sized RS1 and Alpha rockets – ABL for the first time and Firefly for the second time – as early as summer 2022. Now, so is Relativity.
Almost simultaneously, all three companies have announced that both stages of their Terran-1, RS1, and Alpha rockets have arrived at their respective launch sites in Florida, Alaska, and California. Firefly, who has already successfully static fired Alpha’s first and second stages, is undoubtedly in the lead, but ABL Space and Relativity are neck and neck for second.
Both of the latter startups have successfully qualified the smaller, less powerful upper stages of their RS1 and Terran-1 rockets. Both intend to conduct final booster qualification testing – including the first all-engine, full-power static fires – at their launch sites. ABL has a bit of a leg up over Relativity, as it delivered its RS1 booster to its Kodiak, Alaska launch pad months ago. Still, Relativity appears to be on a roll and delivered both stages of its unique 3D-printed Terran-1 rocket to its Cape Canaveral launch site just a few weeks apart in May and June 2022. ABL Space also suffered a major failure during its first attempted upper stage qualification, though the company rapidly recovered. At least publicly, Relativity has experienced no major stage failures while developing Terran-1.
Alpha, RS1, and Terran-1 are all designed to launch roughly 1.2-1.35 tons (2600-3000 lb) to low Earth orbit. All three are roughly the same size and designed to be expended after every launch. Terran-1 and RS1 are designed to launch up to 1.25 and 1.35 tons for $12 million, while Alpha is a bit more expensive at $15 million for 1.17 tons. RS1 is a largely traditional welded-aluminum rocket not unlike SpaceX’s Falcon 1, but with nine smaller booster engines instead of Falcon 1’s one. Alpha is almost entirely built out of carbon fiber composites and is powered by four slightly larger main engines.
Terran-1 has nine 3D-printed booster engines and is also made mostly of aluminum. However, Relativity’s claim to fame is 3D printing, and it says that even its very first Terran-1 rocket is 85% 3D-printed by mass and is the largest single 3D-printed object ever built. Terran-1 reportedly weighs around 9.3 tons (20,500 lb) empty.
If Terran-1’s booster qualification testing goes as smoothly as it did for the rocket’s upper stage, Relativity could be ready for its first orbital launch attempt as early as summer (Q3) 2022, just in time to join Firefly (July) and ABL (August). Relativity Space’s ultimate goal? 3D-print similar rockets on Mars.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
