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SpaceX Crew Dragon to perform first space station “flyaround” in November
A member of a NASA safety advisory panel says that SpaceX’s second operational Crew Dragon spacecraft will perform the first International Space Station (ISS) “flyaround” in years.
In the days of the Space Shuttle, similar flyaround maneuvers were extremely common as the US and Russia slowly but surely assembled the ISS from nothing in low Earth orbit (LEO) – mainly serving to document that undeniably historic process. In 2011, NASA and Roscosmos planned what would become the last flyaround in seven years to capture Shuttle Discovery on its last mission (also the first of the Shuttle’s last three launches) and the more-or-less completed space station. While the occasional partial flyaround still occurred during rare spacecraft relocation maneuvers, it would be more than seven years until the next flyaround – again by a Soyuz spacecraft – was completed in October 2018, capturing excellent photos of the ISS ahead of its 20th anniversary in orbit.
Now, more than three years after Soyuz’s MS-08 flyaround, SpaceX is reportedly set to continue the tradition as early as November 2021, making Crew Dragon the third of three crewed visiting vehicles to do a full flyaround survey of the ~450 ton (million-pound) orbital outpost.
Barring changing plans, twice-flown Crew Dragon Endeavor (C206) will perform the maneuver immediately after it undocks from the space station for the second time (including one relocation maneuver) with Crew-2 ESA astronaut Thomas Pesquet, JAXA astronaut Akihiko Hoshide, and NASA astronauts Shane Kimbrough and Megan McArthur. According to the Aerospace Safety Advisory Panel (ASAP) meeting where news of the flyaround was first broken, Crew-2’s ISS departure remains on track to occur in early to mid-November.
In the 5-6 weeks between then and now, SpaceX is scheduled to undock Cargo Dragon 2 spacecraft C208 and return it to Earth, completing the CRS-23 resupply mission and capsule C208’s second trip to orbit and freeing up one of the ISS’ two American docking ports. Then, SpaceX is scheduled to launch yet another batch of astronauts to the ISS as part of Crew Dragon’s third operational crew transfer mission (Crew-3). Crew-3 remains on track to launch no earlier than (NET) October 31st, where it and astronauts Raja Chari, Thomas Marshburn, Kayla Barron, and Matthias Maurer will briefly join Crew-2 and their Dragon at the ISS.
Hand-off complete, Crew-2 and Dragon Endeavor will then be free to depart the ISS, perform the first 360-degree flyaround survey in years, and return to Earth after more than six months in orbit. Due to years of continued technical and programmatic delays, Boeing – NASA’s other Commercial Crew partner – is unlikely to be ready to support operational astronaut launches until late 2022 at the earliest, likely guaranteeing that one or even two more Dragon-to-Dragon crew handoffs will occur before Starliner can give Dragon a break. SpaceX, in other words, is on track to singlehandedly ensure continuous NASA access to the International Space Station for two full years – and maybe even longer.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
