News
SpaceX and NASA reaffirm Crew Dragon’s January 2019 launch debut target
After what can only be described as an attempt to sandbag the official launch schedule, NASA administrator James Bridenstine remains alone in his public implication that the date for SpaceX’s first Crew Dragon test flight (DM-1) is so uncertain that “the first half of 2019” was the closest he would get to an estimate.
Such an uncertain estimate would normally be par for the course of NASA’s Commercial Crew Program (CCP), but the fact remains that SpaceX and NASA have recently filed for and received specific launch date allotments for Crew Dragon’s DM-1 launch, dates little more than 4-6 weeks away from today.
At the NAC HEO meeting, Bill Gerstenmaier says the SpaceX Demo-1 mission is planned “towards the end of January.”
— Jeff Foust (@jeff_foust) December 6, 2018
As such, the fact that NASA associate administrator Bill Gerstenmaier – a critical hands-on leader of NASA’s commercial and exploration programs – specifically stated that NASA and SpaceX are targeting DM-1’s launch in January is an unusually stark indication that the two senior NASA officials are not reading from the same script, so to speak. The reasons for the dramatic differences in official statements separated by just one week are hard to parse and would inevitably tread into waters of pure speculation and political machinations.
What is far more important is that Gerstenmaier – backed up by Phil McCalister, NASA Director of Commercial Spaceflight – reaffirmed that NASA is planning for the first orbital, uncrewed launch of SpaceX’s Crew Dragon as early as January 2019, albeit with a slight 10-day slip since the last specific launch date (January 7) was announced.
Speaking before and after Falcon 9’s recent launch of Cargo Dragon (CRS-16) on December 5th, SpaceX VP of Launch and Build Reliability Hans Koenigsmann added yet another voice to the chorus, stating that he and SpaceX were extremely confident that all the physical hardware and software aspects of Crew Dragon would be ready to launch no later than January 7th.
NASA’s Phil McAlister updates the status of SpaceX’s Demo-1 Crew Dragon spacecraft, and says the company aims to have all hardware ready by Dec. 20, then will stand down for the holidays before resuming launch preps in January. pic.twitter.com/XDubh95PEV
— Stephen Clark (@StephenClark1) December 6, 2018
Why so uncertain?
It’s impossible to fully delve into the complex political and bureaucratic intricacies of modern NASA, but the uncertainty within NASA and the deltas between NASA and SpaceX’s official statements can generally be explained by the simple fact that a number of critical final reviews have yet to be completed, reviews that will offer the final determination of when or if Falcon 9 and Crew Dragon are ready to launch.
Depending on the results of those readiness reviews, DM-1 could be given the go-ahead to launch in January or it could be delayed six months because NASA wants SpaceX to change a number of critical spacecraft systems, two extreme sides of what can be best described as a spectrum of possibilities.
In other words, SpaceX’s Koenigsmann and NASA’s Gerstenmaier and McCalister have since implied that they are confident that those final reviews will look favorably upon launch dates that approximate “ASAP”. Bridenstine, while technically the head of NASA, can thus be treated as a dissenting or outlier opinion in this case, presumably offering a worst-case-scenario of when SpaceX might be able to launch DM-1 if final reviews go very badly.
- SpaceX technicians move the integrated DM-1 Crew Dragon during a vacuum chamber test campaign. (SpaceX)
- A SpaceX employee works on the Crew Dragon assigned to DM-2, the first launch with astronauts aboard. (SpaceX)
- SpaceX installed its Crew Access Arm (CAA) in September 2018. (Tom Cross)
Bridenstine and Koenigsmann’s comments are worth looking at in a bit more depth, subtly but unequivocally pointing to the differences in opinion between NASA and SpaceX that clearly still float just beneath the public surface. Asked about Bridenstine’s suggestion that DM-1 could slip quite a bit, Koenigsmann offered a skeptical but levelheaded response:
“What I could see is a [slip of a] couple of days because of [Space Station] traffic. For example, CRS-16 (Cargo Dragon) is on station at the same time, lots of traffic, lots of crew time requirements, but our target is – at this point in time – mid-January, and we’re pushing as hard and [as diligently] as we can for this particular launch.”
In fact, it appears that NASA and SpaceX concluded, around the same point in time, that a new target of January 17th was preferable to account for the logistical scheduling concerns highlighted by Hans in the above quote, allowing 10 extra days for the International Space Station (ISS) crew to complete other spacecraft operations before Crew Dragon’s planned arrival.

Even more intriguingly, local reporter Ken Kremer followed up with a question specifical triggered by Bridenstine’s suggestion (according to USA Today) that “challenges” with Crew Dragon’s landing parachutes were a leading factor in the unlikelihood of a January launch. Hans responded in his usual deadpan style:
“No; we’re working through issues, obviously, I mean every launch has things that we work through to make sure they work fine. [Dragon 2’s parachutes] actually have more redundancy than those on Dragon 1 and they are also [structurally] reinforced on Demo-1, so pretty sure [they’re] gonna be successful.”
Now we wait.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.


