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SpaceX Crew Dragon, four astronauts set for brief flight around the space station

Four astronauts are about to take Crew Dragon for a brief joyride around the ISS in order to switch docking ports. (NASA)

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To set the stage for another Dragon launch just a few weeks from now, NASA astronauts are preparing to board a SpaceX Crew Dragon for a brief flight around the International Space Station (ISS).

Orbiting roughly 400 km (250 mi) above the Earth’s surface, the ISS and its crew of seven international astronauts have just two docking ports available to manage a growing influx of SpaceX Crew and Cargo Dragon 2 spacecraft, as well as Boeing’s chronically delayed Starliner. While Starliner hasn’t flown since a near-catastrophic orbital debut in December 2019 and isn’t likely to reattempt that uncrewed flight test until the second half of 2021, SpaceX is in the exact opposite position as it prepares to sustain an unprecedented Dragon launch cadence.

One challenge of that cadence ramp – space station port logistics and availability – is now becoming clear as SpaceX nears its next Crew Dragon NASA astronaut launch.

Crew Dragon capsule C207 and its expendable trunk have been in orbit for almost five months (140 days), crushing the previous non-Dragon US record of 84 days. (NASA)

All launched on SpaceX Cargo Dragons, including a third destroyed during Falcon 9’s CRS-7 launch failure, the International Space Station has just two perpendicular International Docking Adapter (IDA) ports – one facing space and the other facing Earth. Regardless of CRS-7’s lost port, that IDA duo was always NASA’s plan.

The ISS requires the use of a huge, robotic arm (Canadarm2) to unload unpressurized cargo from spacecraft and that arm doesn’t have the mobility to access vehicles docked to the Earth-facing IDA port, meaning that cargo spacecraft with IDA ports can really only dock on the space-facing port. Cargo Dragon 2’s use of IDA docking and the Cygnus spacecraft’s use of berthing thankfully mean that neither NASA Commercial Resupply Services 2 (CRS2) vehicle is at risk of a traffic jam.

Starliner is unlikely to launch on its second Orbital Flight Test attempt before July 2021. Crew Dragon completed a similar (successful) orbital debut in March 2019. (Boeing)
Delayed from a planned 2021 launch debut, Dream Chaser is now scheduled to launch on ULA’s next-gen Vulcan rocket no earlier than (NET) early 2022. (SNC)

Sierra Nevada Corporation (SNC) is set to debut the cargo variant of its Dream Chaser spaceplane as early as 2022 for annual launches and will need to share that same lone IDA port with Cargo Dragon for its (approximately) annual resupply missions. More importantly, though, Crew Dragon and Boeing’s Starliner both require the use of one of those two IDA ports to deliver astronauts to and from the ISS. Both spacecraft are also expected to leave with the same crew that launched on them, meaning that both will spend a fully six or so months in orbit on each crew rotation mission.

In general, NASA also plans to overlap all Commercial Crew Program (CCP) astronaut launches, meaning that Crew Dragon will wait for Starliner to arrive (and vice versa) before departing the ISS with its four-astronaut crew. Those use-cases and safety requirements combine to create strict, complex scheduling challenges that mean a Cargo Dragon or Dream Chaser can never be docked to the ISS during a crew handover, while also adding significant constraints to any planned private astronaut (tourist) missions to the station – of which SpaceX already has at least one.

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As Cargo Dragon 2 approached the ISS, SpaceX’s Crew-1 Crew Dragon (bottom center) was easily visible for almost the entire docking. That successful arrival marked the first time two Dragons were simultaneously in orbit and docked to the ISS – a feat SpaceX is on track to repeat (albeit with two Crew Dragons) just four months later. (SpaceX)
Two Dragons, one station. (NASA)

In the meantime, though Boeing’s Starliner is now at least 18 months behind SpaceX’s Crew Dragon on the path to launching NASA astronauts to and from the ISS, SpaceX is picking up the slack to the extent that station ‘traffic’ conditions are practically unaffected. Whereas NASA’s nominal plan was to alternate between its two redundant Commercial Crew providers before Boeing ran into huge delays, SpaceX is on track to launch Crew Dragon’s Crew-2 astronaut ferry mission as early as April 22nd.

The flight-proven Demo-2 Dragon will then rendezvous with the ISS while Crew-1’s Dragon and four astronauts are still aboard the station. Crew-1 and Crew-2 will spend about a week together before the former group boards their Dragon and heads for home. As few as six or so weeks later, SpaceX could launch its second Cargo Dragon 2 resupply mission, known as CRS-22. – This morning’s “port relocation,” which will see the Crew-1 Dragon will ‘relocate’ from the station’s Earth-facing IDA to its space-facing port, is thus necessary to free up that port for Cargo Dragon’s arrival when Crew-1 departs.

Barring major delays, SpaceX is currently on track to complete another two Crew and Cargo Dragon launches in 2-3 months, marking four Dragon missions in seven months if all goes to plan. Another three Dragon missions are firmly scheduled in 2021, potentially making for seven Dragon launches in 11-12 months if schedules hold. SpaceX’s current record – technically achieved twice in 2018 and 2019 – is five orbital Dragon missions in 12 months.

Tune in below around 6am EDT (UTC-4) to catch Crew Dragon C207’s brief 46-minute jaunt around the International Space Station (ISS) – a first for an American crewed spacecraft of any kind.

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Investor's Corner

Tesla (TSLA) Q3 2025 earnings: Wall Street’s reactions

Tesla’s third-quarter 2025 results delivered the highest quarterly revenue in company history, and Wall Street analysts are taking notice. 

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Credit: Tesla

Tesla’s third-quarter 2025 results delivered record quarterly revenues, and Wall Street is taking notice. 

The automaker reported $28.1 billion in revenue, topping estimates of $26.4 billion, while non-GAAP EPS landed at $0.50 versus $0.54 expected. Despite the slight earnings miss, Tesla’s free cash flow surged to nearly $4.0 billion and total cash on hand jumped to $41.6 billion, a new high.

The following are some of Wall Street’s reactions to Tesla’s third-quarter results.

Mizuho

Mizuho analyst Vijay Rakesh maintained an “Outperform” rating on Tesla and raised the firm’s price target to $485 from $460 per share, pointing to Tesla’s next-generation autonomy roadmap. “We see 2026E better with stronger FSD traction and deliveries. TSLA is focusing on AI5/HW5 with ~40x gains gen/gen, while ramping Robotaxis and FSD into 2026E–27E.”

Rakesh also highlighted that Mizuho sees Tesla as “well-positioned” to lead “physical AI with Cybercab/FSD traction, humanoid longer term, offset by near-term demand headwinds.”

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Wedbush

Wedbush analyst Dan Ives reiterated his “Outperform” rating and $600 price target on Tesla. As per the analyst, “Tesla reported its FY3Q25 results featuring beats on the top-line while missing bottom-line expectations as the company benefitted from a pull-forward in its delivery segment with greater strength across EMEA and APAC while making gradual progress with its autonomous and energy businesses.” 

He also pointed to Musk’s upcoming compensation vote as a key inflection point: “We believe it will be approved by a wide margin despite some opposition,” Ives noted. “That will be incremental to keeping Musk as a war-time CEO as the company enters a critical AI expansion phase.”

Baird

Baird analyst Ben Kallo reiterated his “Outperform” rating and $548 per share price target for Tesla following the company’s Q3 2025 earnings results. He praised Tesla’s energy segment for delivering record results. 

“Energy demand is particularly high given grid constraints in several regions and a rapid build-out of infrastructure. We expect this piece of the business to capture more attention in the remainder of 2025 and moving into 2026 with the tipping points for longer-term initiatives (Optimus, robotaxi, etc.) more opaque,” Kallo noted.

Deepwater

Meanwhile, Deepwater’s Gene Munster struck a more measured tone. “The September numbers and earnings call were largely uneventful,” Munster said, adding that Tesla’s decision to move cautiously with robotaxis in Austin is the right one. 

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“Shares of TSLA traded down following Elon’s comment that he remains paranoid about the safety of Robotaxi given any accidents would represent a significant step back in terms of the public’s confidence in the fleet,” he wrote. Munster, however, emphasized that Tesla’s cash position is a major strength: “They have enough cash to will Elon’s vision into reality. It may take a lot longer than many expect, but they’ve got the cash to get there.”

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Investor's Corner

Tesla’s massive Q3 update reaffirms it’s not just a car company anymore

From record global deliveries to new AI breakthroughs, Megablock energy tech & next-gen Superchargers, Tesla showed why it’s still miles ahead.

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Credit: Tesla Asia/X

Tesla’s third-quarter update showcased a flurry of milestones across its vehicles, AI, and energy divisions. The company achieved record deliveries and energy storage deployments while launching new products in North America, EMEA, and Asia-Pacific. 

Tesla also emphasized its focus on scaling AI-powered autonomy and virtual power plant technology as part of its push towards Master Plan Part IV.

Global product rollouts and record regional performance

Tesla’s Q3 highlights revealed strong traction across multiple continents. In North America, the automaker launched the new Model 3 and Model Y Standard variants, each offering over 300 miles of range and starting below $40,000. The Model Y Performance also debuted, highlighting Tesla’s focus on sheer performance and driving dynamics.

In Europe and the Middle East, Model Y topped sales charts in Norway, Switzerland, Iceland, and Finland while reaching number one in the Netherlands and Denmark in September. Giga Berlin celebrated production of its 100,000th refreshed Model Y, including the first European-built Performance units. Tesla confirmed it’s working toward regulatory approval for its FSD Supervised software in Europe.

Across Asia-Pacific, Tesla introduced the Model YL in China, an extended wheelbase, six-seat version of its best-selling crossover SUV, and achieved record deliveries in South Korea, Taiwan, Japan, and Singapore. The company also began Model Y deliveries in India, launched FSD Supervised in Australia and New Zealand, and confirmed South Korea is now its third-largest global market.

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AI, charging, and energy divisions

Tesla’s AI division rolled out version 14 of FSD Supervised, integrating key elements of its Robotaxi model and improving responses to complex driving scenarios. The company expanded its Austin Robotaxi fleet and launched a Bay Area ride-hailing pilot while announcing a U.S. semiconductor manufacturing deal with Samsung to boost AI compute capacity.

Tesla also introduced Grok, an AI vehicle companion, alongside new vehicle software like Low Power Mode and Light Sync. The company also introduced minor but notable convenience improvements, such as the ability to order food directly from the vehicle at the Tesla Diner in LA.

Meanwhile, Tesla’s energy business achieved record storage deployments and revealed “Megablock,” a next-generation industrial product built around Megapack 3s, slated for production in Houston by 2026. The Superharger Network grew 18% year-over-year as well, adding over 3,500 Supercharger stalls and debuting V4 cabinets capable of 500 kW passenger charging and up to 1,200 kW for Tesla Semi trucks.

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Tesla reveals its plans for Hardware 3 owners who are eager for updates

“We have not completely given up on HW3. These customers are very important. They are early adopters. We will definitely take care of you guys.”

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Tesla-Chips-HW3-1
Image used with permission for Teslarati. (Credit: Tom Cross)

Tesla has finally revealed its plans for Hardware 3 owners who are eager to have access to the latest versions of the company’s Full Self-Driving suite.

Tesla’s Hardware 3 vehicles feature an older chip that does not immediately give access to new versions of the FSD suite. Cars like the new Model Y have Hardware 4, often referred to as AI4, while Tesla is already working to develop AI5 chips with suppliers TSMC and Samsung.

However, during the Q3 Earnings Call on Wednesday, Tesla finally gave some information to those Hardware 3 owners who have been anxiously waiting for updates, and hopefully, this will give them some peace of mind.

Tesla (TSLA) Q3 2025 earnings results

The comments came from Chief Financial Officer Vaibhav Taneja, who said that he is also impacted by the HW3 delays because his daily commuter is a HW3 vehicle.

He said:

“We have not completely given up on HW3. These customers are very important. They are early adopters. We will definitely take care of you guys.”

Additionally, Tesla’s Head of AI and Autopilot, Ashok Elluswamy, added that the company plans to offer a v14 Lite version of the Full Self-Driving (Supervised) suite in Q2 of next year.

The company has tried to give HW3 owners more opportunities to trade in their cars for new vehicles, giving them the opportunity to have access to the latest FSD software versions, which are prioritized for HW4 vehicles.

However, it is easier said than done to simply trade in your car and commit to a long-term financial commitment. For this reason, many HW3 owners have grown incredibly frustrated with how Tesla has handled the situation, especially considering they have been told they would be taken care of for several quarters now.

It appears that these owners will be waiting a tad longer for any sort of true progress, unless they have an interest in using the FSD transfer to get a new vehicle without paying for the suite once again.

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