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Rocket Lab assembling first reusable Neutron rocket hardware
Rocket Lab appears to have made significant progress since revealing the state of hardware development for its next-generation Neutron rocket in a September 2022 investor update.
At the time, the company shared photos of early work on prototypes of smaller Neutron structural elements, as well as progress building the giant molds that will be used to ‘lay up’ the rocket’s carbon fiber composite tanks and airframe. Rocket Lab also showed off acquisitions of some of the supersized manufacturing equipment that will be used to build the giant rocket, as well as the beginnings of a dedicated Neutron factory in Virginia.
Four months later, photos shared by CEO Peter Beck show that Rocket Lab has progressed to full-scale carbon fiber hardware manufacturing. In December 2022, Beck shared a photo of a full-size Neutron tank dome in the middle of production. A month later, Beck shared a photo of work on both halves of a Neutron booster tank dome. Measuring around seven meters (23 ft) wide, the latter component is already on track to become one of the largest carbon fiber structures ever prepared for a rocket once the halves are joined. And once two more halves are built and assembled, Rocket Lab could soon be ready to start testing full-scale Neutron tank hardware – a crucial milestone for any new rocket.
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
Announced in March 2021 and properly unveiled in December 2021, Neutron is a partially-reusable two-stage rocket designed to launch up to 15 tons to Low Earth Orbit (LEO) using liquid methane and oxygen propellant. Neutron measures 42.8 meters (140.4 ft) tall and up to seven meters (23 ft) wide. Its stout, ballistically-optimized design means that it’s simultaneously 40% shorter and up to 190% wider than SpaceX’s workhorse Falcon 9 rocket.
Design differences aside, Neutron is the first rocket that has been obviously designed as an answer to Falcon 9, which has become one of the most prolific, cost-effective, and routinely reusable rockets in the world over the last five or so years. Depending on how much Rocket Lab can sell Neutron for while still breaking even, Neutron has the potential to give Falcon 9 a serious run for its money – or at least force SpaceX to lower its prices. Like Falcon 9, Neutron will have a reusable booster, a reusable payload fairing, and an expendable upper stage. Its booster will also have nine (Archimedes) engines and the upper stage will be powered by one engine. At liftoff, Neutron will produce up to 674 tons (1.49M lbf) of thrust to Falcon 9’s 770 tons (1.7M lbf).
Unlike Falcon 9, Neutron’s similarly-sized reusable fairing is integral, meaning that it will stay permanently attached to the booster. But despite the added mass of the integral fairing and the rocket’s significantly shorter layout, Rocket Lab says that Neutron will be able to launch up to 13 tons (~28,700 lb) to LEO if the booster lands on a barge downrange. Using the same approach with a deployable fairing, Falcon 9 has launched up to 16.7 tons (~36,800 lb) to LEO. That 23% performance gap may seem significant, but the reality is that only SpaceX’s own Starlink and Dragon missions have ever needed Falcon 9 to launch more than 13 tons to orbit.
If Neutron can consistently launch ~25% less payload than Falcon 9 to all Earth and near-Earth orbits, virtually every commercial launch contract that’s currently a SpaceX shoo-in could be within reach of Rocket Lab within several years. The challenge, of course, is building Neutron and making sure the ambitious rocket and its clean-sheet Archimedes engine work as expected and can be reused as easily as Falcon 9.
The company is attempting to get there with its far smaller Electron vehicle, but Rocket Lab has never reused a rocket. And five and a half years after Electron’s debut, the company has never launched more than nine times in one year. SpaceX is about to reuse a Falcon booster for the 140th time and launched 61 times in 2022 – a lead that may prove almost impossible to close. There’s also the fact that the size gap between Rocket Lab’s rockets is so extreme that Neutron could likely launch a fully-fueled Electron into orbit.
But again, SpaceX serves as a demonstration that what Rocket Lab hopes to achieve is not impossible. SpaceX went directly from Falcon 1 (about twice as large as Electron) to Falcon 9 V1.0 (about 30% smaller than Neutron) after just two successful launches of the smaller rocket. Electron has successfully launched 29 times since May 2017 and Rocket Lab is already learning about reusability through the smaller rocket. The challenges facing Rocket Lab are huge, but Neutron still remains the most promising SpaceX competitor currently in development. Kicking off full-scale Neutron tank testing just 2-3 years after the rocket was revealed would only reiterate its strengths. Stay tuned to see how much Neutron progress Rocket Lab can make in 2023.
Elon Musk
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla.
The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk’s 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla’s soaring stock price.
The unanimous decision criticized the prior total rescission as “improper and inequitable,” arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt “vindicated.” He also shared his gratitude to TSLA shareholders.
Delaware Supreme Court makes a decision
In a 49-page ruling Friday, the Delaware Supreme Court reversed Chancellor Kathaleen McCormick’s 2024 decision that voided the 2018 package over alleged board conflicts and inadequate shareholder disclosures. The high court acknowledged varying views on liability but agreed rescission was excessive, stating it “leaves Musk uncompensated for his time and efforts over a period of six years.”
The 2018 plan granted Musk options on about 304 million shares upon hitting aggressive milestones, all of which were achieved ahead of time. Shareholders overwhelmingly approved it initially in 2018 and ratified it once again in 2024 after the Delaware lower court struck it down. The case against Musk’s 2018 pay package was filed by plaintiff Richard Tornetta, who held just nine shares when the compensation plan was approved.
A hard-fought victory
As noted in a Reuters report, Tesla’s win avoids a potential $26 billion earnings hit from replacing the award at current prices. Tesla, now Texas-incorporated, had hedged with interim plans, including a November 2025 shareholder-approved package potentially worth $878 billion tied to Robotaxi and Optimus goals and other extremely aggressive operational milestones.
The saga surrounding Elon Musk’s 2018 pay package ultimately damaged Delaware’s corporate appeal, prompting a number of high-profile firms, such as Dropbox, Roblox, Trade Desk, and Coinbase, to follow Tesla’s exodus out of the state. What added more fuel to the issue was the fact that Tornetta’s legal team, following the lower court’s 2024 decision, demanded a fee request of more than $5.1 billion worth of TSLA stock, which was equal to an hourly rate of over $200,000.
Delaware Supreme Court Elon Musk 2018 Pay Package by Simon Alvarez
News
Tesla Cybercab tests are going on overdrive with production-ready units
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the vehicle being reported across social media this week.
Tesla is ramping its real-world tests of the Cybercab, with multiple sightings of the autonomous two-seater being reported across social media this week. Based on videos of the vehicle that have been shared online, it appears that Cybercab tests are underway across multiple states.
Recent Cybercab sightings
Reports of Cybercab tests have ramped this week, with a vehicle that looked like a production-ready prototype being spotted at Apple’s Visitor Center in California. The vehicle in this sighting was interesting as it was equipped with a steering wheel. The vehicle also featured some changes to the design of its brake lights.
The Cybercab was also filmed testing at the Fremont factory’s test track, which also seemed to involve a vehicle that looked production-ready. This also seemed to be the case for a Cybercab that was spotted in Austin, Texas, which happened to be undergoing real-world tests. Overall, these sightings suggest that Cybercab testing is fully underway, and the vehicle is really moving towards production.
Production design all but finalized?
Recently, a near-production-ready Cybercab was showcased at Tesla’s Santana Row showroom in San Jose. The vehicle was equipped with frameless windows, dual windshield wipers, powered butterfly door struts, an extended front splitter, an updated lightbar, new wheel covers, and a license plate bracket. Interior updates include redesigned dash/door panels, refined seats with center cupholders, updated carpet, and what appeared to be improved legroom.
There seems to be a pretty good chance that the Cybercab’s design has been all but finalized, at least considering Elon Musk’s comments at the 2025 Annual Shareholder Meeting. During the event, Musk confirmed that the vehicle will enter production around April 2026, and its production targets will be quite ambitious.
News
Tesla gets a win in Sweden as union withdraws potentially “illegal” blockade
As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Swedish union Vision has withdrawn its sympathy blockade against Tesla’s planned service center and showroom in Kalmar. As per recent reports, the Vision union’s planned anti-Tesla action might have been illegal.
Vision’s decision to pull the blockade
Vision announced the blockade in early December, stating that it was targeting the administrative handling of Tesla’s facility permits in Kalmar municipality. The sympathy measure was expected to start Monday, but was formally withdrawn via documents sent to the Mediation Institute and Kalmar Municipality last week.
As noted in a Daggers Arbete report, plans for the strike were ultimately pulled after employer group SKR highlighted potential illegality under the Public Employment Act. Vision stressed its continued backing for the Swedish labor model, though Deputy negotiation manager Oskar Pettersson explained that the Vision union and IF Metall made the decision to cancel the planned strike together.
“We will not continue to challenge the regulations,” Petterson said. “The objection was of a technical nature. We made the assessment together with IF Metall that we were not in a position to challenge the legal assessment of whether we could take this particular action against Tesla. Therefore, we chose to revoke the notice itself.”
The SKR’s warning
Petterson also stated that SKR’s technical objection to the Vision union’s planned anti-Tesla strike framed the protest as an unauthorized act. “It was a legal assessment of the situation. Both for us and for IF Metall, it is important to be clear that we stand for the Swedish model. But we should not continue to challenge the regulations and risk getting judgments that lead nowhere in the application of the regulations,” he said.
Vision ultimately canceled its planned blockade against Tesla on December 9. With Vision’s withdrawal, few obstacles remain for Tesla’s long-planned Kalmar site. A foreign electrical firm completed work this fall, and Tesla’s Careers page currently lists a full-time service manager position based there, signaling an imminent opening.
Delaware Supreme Court reinstates Elon Musk’s 2018 Tesla CEO pay package
Tesla Cybercab tests are going on overdrive with production-ready units
