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SpaceX, Boeing astronaut spacecraft working towards orbital meet-up in 2020
According to Boeing’s new Starliner testing plan, the spacecraft could potentially meet SpaceX’s own Crew Dragon astronaut spacecraft in orbit at the International Space Station (ISS) later this year.
Following Starliner’s near-catastrophic December 2019 orbital flight test (OFT), Boeing and NASA have finally announced that – at a minimum – a second uncrewed flight test will have to be completed before the company will be allowed to launch astronauts. According to the Washington Post, Starliner’s return to flight is expected to occur no earlier than October or November 2020, 10 or 11 months after it suffered several major software failures during its first spaceflight. While delays to that flight schedule are incredibly likely, it does mean that there’s a chance that SpaceX’s second crewed Crew Dragon launch could coincide with Starliner’s second orbital mission — a first for the two NASA Commercial Crew Program (CCP) providers.
Just one week before NASA and Boeing revealed plans to refly Starliner’s uncrewed flight test, NASA announced that SpaceX’s first operational Crew Dragon launch now has a full four astronauts assigned to it. Scheduled to launch no earlier than Q4 2020, the spacecraft will carry three NASA astronauts and one Japanese (JAXA) astronaut to the ISS, remaining in orbit for at least six months before returning its crew back to Earth. Now, there’s a chance that SpaceX’s first operational Crew Dragon will be joined in orbit by Boeing’s Starliner spacecraft sometime soon after arriving on station.
As previously discussed on Teslarati, Boeing’s Starliner OFT suffered several near-catastrophic close calls in the few days it spent in space, all of which appear to have egregiously shoddy and unqualified software to blame.
“Starliner launched atop a ULA Atlas V rocket on its orbital launch debut (OFT) on December 20th, 2019. Atlas V performed flawlessly but immediately after Starliner separated from the rocket, things went very wrong.
Bad software ultimately caused the spacecraft to perform thousands of uncommanded maneuvering thruster burns, depleting a majority of its propellant before Boeing was able to intervene. Starliner managed to place itself in low Earth orbit (LEO), but by then it had nowhere near enough propellant left to rendezvous and dock with the ISS – one of the most crucial purposes of the flight test. Unable to complete that part of the mission, Boeing instead did a few small tests over the course of 48 hours in orbit before commanding the spacecraft’s reentry and landing on December 22nd.
The Starliner spacecraft also reportedly almost suffered a second major software failure just hours before reentry. According to NASA and Boeing comments in a press conference held only after news of that second failure broke, a second Starliner software bug – caught only because the first failure forced Boeing to double-check its code – could have had far more catastrophic consequences. NASA stated that had the second bug not been caught, some of Starliner’s thruster valves would have been frozen, either entirely preventing or severely hampering the spacecraft’s detached trunk from properly maneuvering in orbit. Apparently, that service module (carrying fuel, abort engines, a solar array, and more) could have crashed into the crew module shortly after detaching.”
Teslarati.com — February 11th, 2020
The only sane response was obviously for NASA to require Boeing to successfully complete a second Orbital Flight Test (OFT), a necessary decision the space agency and card-holder was bizarrely hesitant to acknowledge. Now, almost four months after Starliner was nearly lost on its first orbital flight test, NASA and Boeing have finally stated the obvious and confirmed that a second OFT will be required before astronauts can fly on Starliner. Even then, if things go wrong during OFT2 or Boeing completes the mission but still fails to rectify all faults identified by a joint failure investigation, NASA may still delay the spacecraft’s astronaut launch debut.
SpaceX has undeniably had its own stumbles while developing Crew Dragon, most notably when the first successfully flight-proven spacecraft violently exploded moments before a static fire test in April 2019. SpaceX was able to rectify the responsible design flaws and successfully complete an identical static fire test less than seven months later, followed by a second successful launch less than three months after that. Based on WaPo’s indication that Starliner’s second OFT is scheduled for Q4 2020, Boeing is now anywhere from 12-18 months behind SpaceX with its efforts to launch NASA astronauts to and from the space station. SpaceX successfully completed Crew Dragon’s OFT equivalent in March 2019.
Regardless, if Crew Dragon performs flawlessly during its Demo-2 astronaut launch debut – scheduled no earlier than mid-to-late May – and Boeing’s Starliner OFT2 mission launches on time in Q4 2020, there is a great chance that both spacecraft will be simultaneously docked to the space station. Better circumstances would be unequivocally preferable but it will still mark an important symbolic milestone for NASA’s Commercial Crew Program (CCP) and assured access to the ISS.
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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
