News
SpaceX set for first private astronaut launch to the International Space Station
Update: SpaceX has successfully fired up Falcon 9 booster B1062 and confirmed that Crew Dragon’s second private astronaut launch is on track to lift off at 11:17 am EDT (15:17 UTC) on Friday, April 8th. SpaceX’s live coverage will begin about three hours prior.
A flight-proven Falcon 9 rocket and Crew Dragon spacecraft have rolled out of SpaceX’s Kennedy Space Center (KSC) Pad 39A hangar and been raised vertical ahead of the company’s second private astronaut launch.
Known as Axiom-1 or Ax-1, the mission – managed by third-party provider Axiom Space – aims to be the first fully private crewed launch to the International Space Station (ISS). That means that Ax-1 will launch a crew of private astronauts from a privately-operated launch site with a privately-owned rocket and spacecraft, all with zero direct government impetus or funding. Of course, the situation is a bit more complex just beneath the surface.
The focus of Axiom-1’s crew is three ultrawealthy customers:
- Larry Connor: Ax-1’s pilot and an entrepreneur who accrued his wealth through real estate
- Eytan Stibbe: a venture capitalist and former fighter pilot who could become the second Israeli astronaut ever
- Mark Pathy: CEO of Canadian investment and shipping companies
Each paying $55 million for the ten-day journey and eight-day stay at the International Space Station (ISS), Connor, Stibbe, and Pathy are bankrolling the mission. Crew Dragon’s fourth Ax-1 passenger, however, is Michael López-Alegría, a retired four-time NASA astronaut turned private (space) pilot who now works for Axiom Space.
Launch Complex 39A was originally built and operated by NASA from the 1960s to 2011 before it was leased to SpaceX in 2014. The development of the first versions of SpaceX’s Falcon 9 rocket and Dragon spacecraft were heavily funded by NASA in the late 2000s. After SpaceX won a competitive $3.1 billion contract alongside Boeing, which received $4.8 billion to achieve the same goals, NASA has almost exclusively funded Crew Dragon’s development and is (for now) its main customer. Finally, alongside Russia’s space agency, NASA has invested tens of billions of dollars to build, launch, assemble, crew and maintain the International Space Station for around three decades.
Calling Ax-1 “fully private” is thus more of a half-truth than the full reality. Nonetheless, the fact that SpaceX has significantly benefitted from NASA funding and resources – a vast majority of which it earned competitively – should not take away from SpaceX’s extraordinary merit and achievements. While NASA provided most of the resources, Falcon 9 and Crew Dragon are almost exclusively designed, built, and operated by SpaceX and SpaceX alone. SpaceX mainly provides services to NASA, which means that NASA is ultimately closer to a customer with refined taste and the final say than a second chef in the proverbial kitchen.
Axiom-1 demonstrates that well. Save for NASA benefitting from any data gathered from the mission and making relatively minor preparations for the private astronauts’ eight-day stay at the ISS, SpaceX will control and be responsible for almost every aspect of the launch.
Barring delays, Axiom-1 is scheduled to launch no earlier than (NET) 11:17 am EDT (15: 17 UTC) on Friday, April 8th. Prior to liftoff, the SpaceX and the Axiom crew must complete a “dry dress rehearsal” early on April 6th, replicating all the preparations needed for a launch up to the start of propellant loading. Later the same day, SpaceX intends to perform an integrated static fire test with Falcon 9 and Crew Dragon. If any issues arise during those tests, the launch date may be pushed back.
-
Crew Dragon is expected to finish docking with the ISS about 20 hours after liftoff, giving the Ax-1 crew a little over eight full days at the ISS before they’ll need to board Dragon and return to Earth. If the weather forecast for landing zones looks particularly bad or good leading up to undocking, SpaceX and NASA withhold the ability to expedite or delay the departure.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
