News
SpaceX’s 2018 Crew Dragon launch debut imminent as spacecraft hardware comes together
SpaceX’s first spaceworthy Crew Dragon spacecraft officially has a confident launch target in hand as a flood of activity has begun to complete, ship, test, and deliver multiple critical components ranging from the Dragon capsule itself to the Falcon 9 Block 5 first and second stages for that capsule’s November or December launch debut.
As of today, SpaceX has between three and four months to finish up a significant – but by no means impossible – amount of work, ranging from actual hardware completion, integration, and preflight checkouts and testing to a veritable flood of paperwork required by NASA before any Commercial Crew launch can proceed.
Watch live as @NASA announces the astronauts assigned to fly aboard Crew Dragon and launch from American soil for the first time since the final Space Shuttle mission in 2011 → https://t.co/rdhLIxFGwa pic.twitter.com/Y640lpu13G
— SpaceX (@SpaceX) August 3, 2018
Paper beats rock(et)
In fact, given comments from SpaceX’s President and COO Gwynne Shotwell and CEO Elon Musk, the executives appeared to be very confident that the hardware for the first uncrewed demo mission (DM-1) and second crewed test flight (DM-2) would be ready for launch. These comments most likely group software under that hardware umbrella, meaning that Shotwell and Musk seem to be very subtly commenting on the immense bureaucratic workload required from SpaceX before NASA will permit them to launch.
Decades of experience as a military-industrial complex stalwart has readily prepared Boeing to deal with those vast ‘certification’ workloads, but that certainly doesn’t mean that NASA couldn’t find a more pragmatic and less oppressive balance between carelessness and a downright obsessive compulsion to document every molecule of their commercial providers’ hardware, software, and wetware (employees, management, organizational structure).
- The first spaceworthy Crew Dragon capsule is already in Florida, preparing for its November 2018 launch debut. The same capsule will be refurbished and reflown as few as three months after recovery. (SpaceX)
- Crew Dragon approaches the International Space Station in this render. (SpaceX)
- Crew Dragon separates from its trunk segment. (SpaceX)
Falcon 9 preps for Crew Dragon
Despite the often-onerous bureaucratic demands of NASA’s Commercial Crew Program office, SpaceX is moving rapidly ahead with a range of hardware, all critical for the Crew Dragon’s November/December launch debut. With the capsule itself already in Florida and the DM-1 Dragon’s trunk nearing shipment from Hawthorne to Cape Canaveral (currently NET September), the next and perhaps most important piece is Falcon 9 itself.
Confirmed earlier this year in a quarterly NASA Commercial Crew update, SpaceX assigned Falcon 9 Booster 1051 to Crew Dragon’s debut launch. That rocket booster and its complementary upper stage are already at SpaceX’s McGregor, TX rocket testing facility undergoing a number of acceptance tests and checkouts as of today, confirming a number of critical facts. Most importantly, the presence of integrated the B1051 booster in Texas appears to imply that SpaceX has successfully fixed slight design flaws in their Merlin 1D engines and composite-overwrapped pressure vessels (COPVs), even if the paperwork to officially ‘certify’ them for flight has not been completed.
- Fresh Block 5 Merlin 1D engines are built and assembled in Hawthorne, CA before heading to Texas for testing. (SpaceX)
- A SpaceX technician documents the condition of Falcon 9 B1048’s Block 5 Merlin engines, 08/01/18. (Pauline Acalin)
- Falcon 9 shows off some of its COPVs in a tour of SpaceX’s Hawthorne factory. (SpaceX)
This meshes nicely with details provided in a recent NASA Commercial Crew news post, which stated that “Falcon 9’s first and second stages for the Demo-1 [Crew Dragon] mission are targeted to ship … [to] McGregor, Texas for additional testing in August.” Ship they did and the booster may well have beaten that “August” timeframe according to photos of the facility from mid-July. When exactly that testing will wrap up in Texas is unclear but it would be reasonable to expect the rocket booster and upper stage to ship to SpaceX’s Launch Complex 39A (LC-39A) in Cape Canaveral within 4-6 weeks, giving the company a solid month and a half to integrate the rocket, static fire it at the pad, complete assembly of Crew Dragon, and attach the spacecraft to its Falcon 9 rocket ahead of launch.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven) check out our brand new LaunchPad and LandingZone newsletters!
News
Tesla Cybercab gets a for sale date at last
Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
Elon Musk
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Investor's Corner
Tesla reports Q3 Earnings today: here’s what to expect
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.





