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SpaceX installs Dragon spaceship on the rocket that’ll take it to space (again)
For the third time ever, SpaceX has installed a Crew Dragon spacecraft scheduled to launch astronauts on the Falcon 9 rocket that’ll carry it to orbit, sailing past one of the mission’s last major preflight milestones.
Known as Crew-2, the NASA Commercial Crew Program (CCP) mission will be SpaceX’s second operational crew ferry mission after its operational Crew-1 debut launched flawlessly on November 15th, 2020. Since November 16th, the Crew-1 Crew Dragon has been docked to the International Space Station (ISS) in Low Earth Orbit (LEO) – marking at least two major firsts – and won’t return to Earth until Crew-2 has safely joined it at the station.
Simultaneously developed as part of the Commercial Crew Program, a raft of technical and organizational shortcomings have extensively delayed Boeing’s Starliner crew capsule, effectively forcing NASA to lean on SpaceX to pick up the slack with multiple back-to-back Crew Dragon missions. Organizational excellence aside, Crew-2 is also on track to secure two of the most significant reusability achievements in SpaceX’s long history of significant reusability achievements.
Mere days after a SpaceX Falcon 9 rocket and Crew Dragon spacecraft lifted off with NASA astronauts aboard for the first time ever, becoming the first crewed launch in history to use a commercially-developed rocket or spacecraft, the space agency effectively gave the company permission to fly its astronauts on flight-proven versions of those same vehicles.
While those plans have effectively fallen under the radar relative to other SpaceX activities, it’s not unreasonable to say that a successful Crew-2 launch with both a flight-proven Falcon 9 booster and Crew Dragon capsule would be one of the most significant technical achievements in the company’s history. At the bare minimum, it will be the most symbolically significant achievement in SpaceX’s history.
In essence, success would mean that SpaceX has unequivocally proven that a private company can develop – from scratch – methods of rocket and spacecraft reusability that are so successful and so reliable that perhaps the most risk-averse customer on Earth is willing to place the lives of its astronauts in the hands of those flight-proven spacecraft and rockets. If SpaceX can accomplish that feat with Falcon 9 and Crew Dragon, there is no practical reason to doubt that it can be repeated with Starship – a vehicle that has already piqued NASA’s interest.
The Crew Dragon capsule assigned to Crew-2 debuted on May 30th, 2020 and carried NASA astronauts Bob Behnken and Doug Hurley to the ISS without any major issue, where it spent a little over two months in orbit. On August 2nd, the spacecraft safely reentered Earth’s atmosphere traveling around 7.5 kilometers per second (17,000 mph) and splashed down in the Gulf of Mexico with both astronauts none the worse for wear. Since then, SpaceX has disassembled the Dragon, carefully inspected every possible inch, and refurbished the vehicle for Crew-2.
Despite the historic nature of the task of qualifying and refurbishing the first commercial spacecraft in history that is expected to launch NASA astronauts twice, Crew Dragon C206’s turnaround will be the fastest in Dragon history – and by a margin of almost 40%.
After acing its role in SpaceX’s first operational astronaut launch five months ago, Falcon 9 booster B1061 will also be flying for the second time on Crew-2 – especially fitting given that the Crew-2 will meet the only other spacecraft and astronauts launched on the same booster at the ISS. As of Thursday, April 15th, Crew-2 is seven days away from a launch planned no earlier than 6:11 am EDT (10:11 UTC) on Thursday, April 22nd. The flight-proven Dragon and Falcon 9 booster and a new, expendable upper stage are expected to roll out to Pad 39A within the next few days for an integrated static fire test 4-5 days prior to launch.
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
