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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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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
