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SpaceX’s Cargo Dragon spacecraft nears space station with 2.5 tons of cargo
Following a successful May 4th launch atop Falcon 9, SpaceX’s latest Cargo Dragon spacecraft is just a few hours away from starting its International Space Station (ISS) berthing sequence.
Scheduled to begin around 5:30 am EDT (09:30 UTC), SpaceX operations staff will command Dragon to continue a cautious ISS approach. Several hours later, the spacecraft will be quite literally grabbed by station astronauts and gently berthed with one of the space station’s several Common Berthing Mechanism (CBM) ports. Once Cargo Dragon has been safely joined with the ISS, the station’s crew of astronauts can begin the intensive process of unpacking more than 1500 kg (3300 lb) of pressurized cargo, including dozens of time-sensitive and complex science experiments.
Aside from the 1.5 tons of cargo contained inside Dragon’s climate-controlled cabin, ISS astronauts and ground-based NASA controllers will again use the space station’s robotic Canadarm2 manipulator to extract two large unpressurized payloads from Dragon’s trunk. The ‘flagship’ instrument of CRS-17 is NASA’s Orbiting Carbon Observatory-3 (OCO-3), an upgraded follow-on to OCO-2 that should dramatically improve the quantity and quality of data available on the distribution of carbon in the Earth’s atmosphere. The second trunk-stashed payload is known as STP-H6 and is carrying around half a dozen distinct experiments.
Both STP-H6 and OCO-3 will be installed on the outside of the space station with the help of Canadarm2, an extremely useful capability that limits the need for astronauts to suit up and perform risky and time-consuming EVAs (extra-vehicular activities) outside the ISS. With its trunk emptied, Cargo Dragon will eventually discard the section to burn up in Earth’s atmosphere just before the reusable capsule begins its own reentry.
Unlike several other spacecraft with service sections, both proposed, flying, or retired, SpaceX’s Dragon spacecraft strive to minimize the complexity and cost of their expendable service sections. For both Cargo and Crew Dragon, the trunk serves as a structural adapter for unpressurized payloads and the Falcon-Dragon interface, hosts solar arrays and radiators, and doesn’t do much else. All propulsion, plumbing, and major avionics are kept within the capsule to maximize reusability.
Defining “slow and steady”
The process of berthing or docking with the ISS is a fundamentally cautious thing, developed by NASA, Roscosmos, and other international partners through forced and painful trial and error. In short, the road to today’s cautious procedures has been paved with countless failures and close calls over decades of space activity. For Cargo Dragon, the process involves berthing, more passive and less complex than docking. Outside of a dozen or so meters, the processes begin quite similarly. Cargo Dragon (Dragon 1) will very slowly approach the station’s several-hundred-meter keep out zone, typically no faster than a few m/s (mph).
Then follows a back-and-forth process of stop and go, in which SpaceX commands Dragon forward, halts at set locations, verifies performance and station readiness with NASA, and repeat. Once within 10 or so meters of the ISS, Dragon will begin carefully stationkeeping, essentially a version of formation flying without a hint of aerodynamic forces. ISS astronauts will then command the Canadarm2 robotic arm toward a sort of target/handle combo located on the spacecraft. The arm follows similar stop-start procedures before finally grappling Dragon, at which point the astronauts in command are legally required (/s) to quip something along the lines of “We’ve caught ourselves a Dragon!”
From start to finish, the process takes about 1.5 hours under optimal conditions. Around 2.5 hours after that, Canadarm2 will physically berth Dragon with one of several ISS berthing ports. Soon after, station astronauts can open Dragon’s hatch, snag some fresh goodies, and begin the unpacking process. CRS-17’s ISS arrival operations will be covered live on NASA TV.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
