News
SpaceX eyes West Coast for first Starlink launch of 2023
SpaceX is reportedly planning to launch its first Starlink mission of 2023 from California’s Vandenberg Space Force Base.
Next Spaceflight reports that SpaceX is preparing to launch Starlink 2-4 no earlier than (NET) 6:54 pm PST on January 8th January 9th, almost eight weeks after unspecified issues with a Falcon 9 rocket indefinitely delayed the mission. While it’s impossible to confirm if the entire two-stage rocket and fairing were transferred, the Falcon 9 booster originally assigned to launch Starlink 2-4 on November 18th, 2022 instead launched an Israeli Earth observation satellite six weeks later.
Thankfully, after a strange and abrupt surge of technical (and indefinite) launch delays in November and December, SpaceX managed to complete its last three Falcon 9 launches without issue. The successful launch of the Falcon 9 booster assigned to Starlink 2-4 further suggests that whatever caused that surge is mostly behind SpaceX. So will the belated launch of Starlink 2-4 itself.
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
Signs of a return to sure footing are good for SpaceX’s plans to double down on its extraordinary growth in 2022. SpaceX rounded out the year with 61 successful orbital launches – just one shy of doubling its still impressive 31-launch record in 2021. 61 launches were also enough for Falcon 9 and Falcon Heavy to tie an almost half-century-old Soviet record for the most annual launches completed by one family of rockets.
Merely repeating that feat in 2023 would be unprecedented in the history of spaceflight. But SpaceX and CEO Elon Musk have again set their sights high and are targeting up to 100 launches this year – a 64% increase over 2022. Though it sounds improbable and will be even more difficult to achieve, SpaceX’s plans for the first month of 2023 are almost exactly what one would expect to see from a single company attempting to launch (up to) 100 times in one year.
Off to the races
SpaceX kicked off 2023 with the launch of its sixth Transporter rideshare mission on January 3rd. Unofficial public manifests like Next Spaceflight and Ben Cooper report that SpaceX wants to launch Starlink 2-4 on January 8th 9th, as well as a batch of OneWeb satellites the day prior. SpaceX’s fifth Falcon Heavy launch is scheduled to follow as early as January 12th, and a Falcon 9 rocket could launch the US military’s sixth GPS III satellite on January 18th. One or two more Starlink missions and the Amazonus Nexus geostationary communications satellite could round out the second half of the month.
Ultimately, whatever caused SpaceX’s late-year uptick in delays proved to be mostly inconsequential. Despite missing opportunities for an even busier year and not launching once between November 26th and December 8th, December 2022 was SpaceX’s first seven-launch calendar month on record. If just one of SpaceX’s most chronically delayed missions (Hakuto-R) had avoided delays, it’s likely the company would have launched eight times in one month – equivalent to 96 launches if sustained for a year.
Meanwhile, if Starlink 2-4 does launch on January 8th 9th, it will beat SpaceX’s 11.75-day West Coast turnaround record by 21 hours. If its two East Coast Falcon pads can also push the envelope throughout the year and the company can keep its extraordinary failure-free streak going, SpaceX has a surprisingly legitimate opportunity to launch 80, 90, or even 100 Falcon rockets in 2023.
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
