News
Rocket Lab to debut second New Zealand launch pad with first launch of 2022
Rocket Lab, a California-based aerospace company, recently announced the completion of a second launch pad at its primary New Zealand launch facilities.
In a last-minute change, Pad B (LC-1B), whose completion was announced on February 23rd, is scheduled to host both its first mission and Rocket Lab’s first Electron launch of 2022 no earlier than (NET) February 28th. The new pad is now the second to be constructed at Launch Complex 1 (LC-1), an exceptionally remote site located at the tip of northern New Zealand’s Mahia Peninsula. Aside from being the world’s first fully private orbital launch site, LC-1B’s completion makes it the third launch site built by Rocket Lab, including a yet unused pad at NASA’s Wallops Flight Facility on the East coast of Virginia. All three locations are exclusively designed to support the company’s small Electron rocket.
With the addition of Pad B, Rocket Lab hopes to drastically increase its launch cadence. Rocket Lab founder and CEO Peter Beck says that the company’s “ ability to launch and our launch cadence is essentially doubled by having an additional pad” at LC-1. What once started as an empty green field on the peninsula of New Zealand has grown into two orbital launch pads, private range control facilities, three satellite cleanrooms, a launch vehicle assembly hangar that can process multiple Electrons for launch at once, and administrative offices.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
With three launch pads, two in the southern hemisphere and one in the northern, Rocket Lab provides their customer with plenty of options. “A reliable launch vehicle is only one part of the puzzle to unlocking space access – operating multiple launch sites so we can launch when and where our customers need to is another crucial factor. We are proud to be delivering responsive space access for our customers, making back-to-back missions possible within hours or days, not weeks or months”, stated Beck. It should be noted that Rocket Lab has yet to launch from NASA’s Wallops Flight Facility in Virginia due to delays in a NASA-provided component required for US Electron operations.
The Electron Rocket has launched 23 times to date, 20 of which were successful. The launch vehicle stands about 59 feet (18m) tall and is designed to mainly carry small satellites into Low Earth Orbit (LEO). Electron’s next launch, scheduled NET 3:35 pm EST (20:35 UTC) on February 28th, will be its 24th. Nicknamed “The Owl’s Night Continues,” Electron will carry a ‘Strix’ Earth observation satellite for the Japanese company Synspective. Rocket Lab successfully launched its first Strix satellite in December 2020.
Originally, Rocket Lab’s 24th launch was scheduled to carry a batch of two more BlackSky Earth-imaging satellites into orbit as early as February 4th, 2022, but the customer requested additional time for unknown reasons. In response, Rocket Lab managed to not only finish a new launch pad but also assembled a new Electron rocket to launch a different customer’s payload from the same pad with only a few weeks of delays.
Vice President Shaun D’Mello stated that he is proud of his team’s ability to build and bring a second pad online while simultaneously servicing and operating Pad A. Aside from a few recent launch failures, the company has made good progress over the last few years and doesn’t seem to be slowing down any time soon. Aside from consistently launching private customer payloads into orbit, Rocket Lab – seemingly baring fruit from a spate of recent acquisitions – was also recently awarded a substantial $143 million contract to design and manufacture seven spacecraft buses for a new Globalstar constellation in LEO. In comparison, one Electron launch contract brings in about $7-10 million of revenue, meaning that the value of a single satellite manufacturing contract may be about the same as the revenue Rocket Lab has gained from all 23 Electron launches.
“Rocket Lab will lead the development of the spacecraft buses, while MDA will act as prime contractor to manufacture Globalstar’s satellites, lead the development of the payload, and perform the final satellite assembly, integration, and test. The partnership between Rocket Lab and MDA brings together two of the space industry’s most innovative satellite companies. The total initial contract value for Rocket Lab is US$143 million, with options to provide the satellite operations control center, launch dispensers, launch integration, and up to nine additional spacecraft with flexibility in timing to order such spacecraft. The satellites will integrate with and replenish Globalstar’s current constellation, ensuring service continuity. Globalstar expects to launch the satellites by the end of 2025.”
All 17 of the 500-kilogram (1100 lb) spacecraft will be designed and manufactured at Rocket Lab’s Long Beach production complex and headquarters, where a new high-volume spacecraft manufacturing line is being developed to support growing demand for Rocket Lab satellites.
Elon Musk
Tesla Semi finally has an FSD timeline and it’s waiting on the Cybercab
Elon Musk told investors Semi self-driving should start working by early 2027, per today’s earnings.
During Wednesday’s’ Tesla Q2 earnings call, an analyst asked Elon Musk when Tesla would look at autonomy for the Semi. His answer set a real timeline for the first time, noting that self-driving on the Tesla Semi is expected to start working “around the end of this year or early next year”.
Musk framed the delay as a matter of priority, not capability. Tesla’s self-driving team is currently focused on Model 3, Model Y, and Cybercab, the vehicles that make up the overwhelming majority of Tesla’s fleet. Since Semi trucks on the road remain a small fraction of that total even after the recent Nevada factory ramp, Musk said it made more sense to keep the software team’s attention on what he called “the march of nines of safety” for the higher volume vehicles first. Autonomous Semi development is “taking a bit of a backseat for the next six months or so,” he said, before adding that it “will definitely be working next year and in time for the scale-up to high production of the Tesla Semi.”
Tesla Semi’s official battery capacity leaked by California regulators
The timeline lines up with what’s already been showing up on public roads. In June, a Tesla Semi was spotted in Sunnyvale wearing a full validation rig, the same rooftop sensor array Tesla mounts on vehicles ahead of an FSD milestone.
A second unit was seen near Fremont days later with a matching camera suite and lens washers. Separately, Tesla analyst Nic Cruz Patane posted video this month of the production Semi’s exterior camera array, ten AI4 based units built directly into the truck rather than added later.
Tesla Semi AI4 cameras. The production version has 10 cameras on its exterior.
These trucks are designed to be autonomous. pic.twitter.com/GH3BamxIBQ
— Nic Cruz Patane (@niccruzpatane) April 14, 2026
Musk also gave the reason autonomy on the Semi matters in the first place, a persistent shortage of qualified truck drivers. “There is a really serious shortage of truckers,” he said on the call, framing a self-driving Semi as important both for addressing that shortage and for improving safety and comfort for the drivers running the truck today.
The timing also tracks with the Semi’s production reality. Tesla’s Q2 shareholder letter, dropped language promising the Semi would reach volume production this year. Musk pointed to 4680 battery cell output as the near-term constraint on Semi and Cybercab production. A software timeline landing in early 2027 gives Tesla’s autonomy team room to work while the hardware ramp catches up behind it.
It’s worth nothing that this isn’t necessarily a promise the Semi ships driverless next year. Musk’s own language, self-driving “working” by early 2027, describes internal validation catching up to hardware already riding on every production truck, not a public unsupervised rollout.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a massive beat on vehicle deliveries for the second quarter, delivering 489,126 vehicles and building 451,758 cars during the three-month span.
This was a major shock for those on Wall Street as they anticipated somewhere around 400,000 deliveries for the quarter, and showed Tesla still has plenty of demand for its vehicles around the world and in the U.S. despite losing the $7,500 EV Tax Credit last year.
Tesla Q2 2026 Earnings Results
- Non-GAAP EPS – $0.33 reported vs. $0.53 expected
- Revenues – $28.236 billion reported vs. $26.4 billion expected
- Free Cash Flow- -$1.092B
- Profit -$ 4.751B
Tesla (beat/missed) analyst expectations, so the market response to the company’s quarter is what we will look for next.
Tesla shares closed today down just over 1 percent, trading at $374.01.
In the past, it has been anyone’s guess with what Tesla shares will do after they report earnings. Strong quarters have resulted in sharp drops, while lackluster quarters have seen the stock shoot up considerably.
Tesla will hold its Q2 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q2 2026 Earnings Call https://t.co/zZS6ii2TWK
— Tesla (@Tesla) July 22, 2026
Tesla is about to make parking in busy parking lots at businesses and other points of interest less stressful than ever by allowing drivers more control over where they park and how, CEO Elon Musk confirmed on X.
Tesla has been working to improve the parking performance of vehicles utilizing the Full Self-Driving suite, but now it is looking to add more customization, allowing drivers to choose the specific space they park in, but also potentially the orientation the car pulls into the spot:
It’s coming soon
— Elon Musk (@elonmusk) July 21, 2026
Musk has reiterated on X twice over the past several weeks that Tesla is working to make things with the FSD suite based more on the driver’s specific preferences and behaviors that were seen in past drives.
Essentially, it sounds like if you tend to park away from a business to avoid other vehicles, Tesla FSD will soon recognize that preference of yours and start parking further away as well. Additionally, the prospect of assigned parking spaces has been something many owners have voiced concerns about.
Living in a community with assigned parking spaces makes using FSD incredibly difficult as it will rarely park in the correct spot when there are so many to choose from. This is also pertinent in work settings where there are sometimes assigned parking spaces.
The updates to Tesla’s Full Self-Driving suite in terms of listening to driver preferences with parking are also extending to routing. Tesla announced yesterday that with the release of its 2026 Summer Update, it was adding Automatic Navigation and Preferred Routes:
Tesla reveals 2026 Summer Update with crazy fixes to Nav and more
Tesla has always maintained the idea that any human input is bad input, and that, ideally, Tesla Full Self-Driving will always make the right decision. Of course, this is all in theory, but the issue is that so many of Tesla’s interventions have come because it does something that is not necessarily wrong, but perhaps not what the driver would prefer.
Taking these preferences into account will help Tesla alleviate some of the potentially unnecessary interventions that drivers perform.
Elon Musk’s answer to Christopher Nolan’s Odyssey got way more specific
Tesla Semi finally has an FSD timeline and it’s waiting on the Cybercab
