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SpaceX Crew Dragon spacecraft nears last parachute tests before astronaut launch debut
SpaceX’s Crew Dragon spacecraft is likely just a few weeks away from its last few parachute drop tests, the successful completion of which should give NASA all the technical data it needs to okay its astronaut launch debut.
After facing several major failures during intentionally challenging drop tests both last year and the year before, SpaceX and supplier Airborne have been working relentlessly to better understand the complex physics behind parachutes and then design and build better ones with that information.
Most recently, SpaceX has been aggressively testing the latest Mark 3 (Mk3) parachute variant with great success and has completed some two-dozen consecutively-successful drop tests since October 2019. Now, NASA and SpaceX are working together to settle on a design for two final Crew Dragon parachute tests, the results of which will almost certainly determine when the spacecraft’s astronaut launch debut will occur.
As previously discussed on Teslarati, SpaceX – in pursuit of the safest and most reliable spacecraft possible – has quite literally been pushing the envelope of parachute engineering and the immensely complex physics behind their behavior during deployment.
“According to NASA, the incredibly extensive testing SpaceX has had to do to satisfy the agency’s requirements has lead the company to develop “a better understanding of how to safely design and operate parachute clusters”. As of September 2019, SpaceX has reportedly completed 48 distinct parachute tests, of which one or two apparently failed.
In response to the additional testing and analysis NASA required after a recent April 2019 chute failure, SpaceX has essentially been forced to push the state of the art of parachute design and modeling to new levels. NASA says that SpaceX has begun to model certain conditions and newfound failure modes in ways that “provide a better understanding of parachute reliability” and have forced NASA to reevaluate its own standards and certification processes. Shown in the video above, SpaceX recently completed a successful parachute test identical to the attempt that failed in April 2019, a major step towards confirming that the new parachute analysis and design have mitigated prior faults.”
Teslarati.com — September 20th, 2019
Since that NASA report, SpaceX has – based on their own subsequent updates – completed no less than 24 successful Mk3 parachute tests, ranging from single-chute and chute-out tests to the full-fidelity spacecraft launch and recovery that followed Crew Dragon’s January 19th, 2020 In-Flight Abort (IFA) test.
NASA’s Wallops Twitter account has revealed Crew Dragon’s final two parachute tests will be performed with a C-130 cargo plane similar to the one pictured above during a previous SpaceX drop test, implying – unsurprisingly – that they will likely be as closed to full fidelity as possible. For unknown reasons, those final tests will be performed in Arizona instead of SpaceX’s usual California-based locations of choice.
Most likely, those tests will involve a Crew Dragon-shaped simulator that will perform drop tests as if it were a flightworthy spacecraft returning from space. That would involve fairly high-altitude drops in which the spacecraft simulator uses mortars to eject a hatch and deploy drogue chutes, stabilizing Crew Dragon’s orientation before four main chutes are carefully deployed a gentle splashdown or touchdown.
Ultimately, if those tests go exactly as planned and NASA is able to finish reams of paperwork in time, Crew Dragon could be ready for its astronaut launch debut (known as Demo-2) as early as late-April 2020, although May or June may be more practical. In doing so, SpaceX is all but certain to become the first private company in history to launch humans into orbit.
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Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
