News
SpaceX dropped a Crew Dragon mockup to save a helicopter and its passengers
SpaceX says it encountered an issue that forced it to drop a Crew Dragon spacecraft mockup during parachute testing — not a failure of the vehicle or its parachutes, to be clear, but still a problem nonetheless.
This is now the second significant hurdle SpaceX’s Crew Dragon astronaut spacecraft has faced in the last few days, following the revelation that NASA will not permit the company to launch astronauts until it completes an investigation into an in-flight rocket engine failure during its March 18th Starlink launch. There is likely no technical corollary for the new Falcon 9 rockets that will launch NASA astronauts, but existing Commercial Crew Program (CCP) contract rules still require SpaceX’s internal investigation be completed before it can proceed. With lives on the line, caution – within reason – is unequivocally preferable to the alternative.
Thankfully, SpaceX’s parachute test article anomaly should have a much smaller impact on Crew Dragon’s astronaut launch debut schedule, but it’s unlikely to have zero impact.
“During a planned parachute drop test [on Tuesday], the test article suspended underneath the helicopter became unstable. Out of an abundance of caution and to keep the helicopter crew safe, the pilot pulled the emergency release. As the helicopter was not yet at target conditions, the test article was not armed, and as such, the parachute system did not initiate the parachute deployment sequence. While the test article was lost, this was not a failure of the parachute system and most importantly no one was injured. NASA and SpaceX are working together to determine the testing plan going forward in advance of Crew Dragon’s second demonstration mission.”
SpaceX — March 24th, 2020
On March 24th, SpaceX says it was preparing for one of the last system-level Crew Dragon parachute tests planned before the spacecraft can be declared ready for human spaceflight. These final tests are reportedly focused on corner cases, referring to unusual but not impossible scenarios the spacecraft might encounter during operational astronaut landing attempts. Those likely include parachute deployment scenarios that are far more stressful than a nominal reentry, descent, and landing would allow.
Regardless, things did not go as planned during Tuesday’s test attempt. SpaceX primarily uses cargo planes, helicopters, and large balloons to carry its Crew Dragon test articles (not actual functional spacecraft) to the altitudes and speeds needed to achieve certain test conditions. On March 24th, SpaceX was using a helicopter – either a civilian Blackhawk or a much larger Skycrane.
For unknown reasons, the helicopter carrying the Crew Dragon test article on March 24th began to experience “instability”, likely referring to some sort of resonance (wobble, sway, oscillation, etc). Out of an abundance of caution, the pilot – likely highly trained – decided the instability was becoming an unacceptable risk and chose to drop the cargo load (a Crew Dragon mockup). Unsurprisingly, the parachute test article was not ready to drop and plummeted to the Earth without any kind of parachute deployment, likely pancaking on the desert floor shortly thereafter.
Again, it needs to be noted – as SpaceX did above – that the loss of the Crew Dragon parachute test article was entirely unrelated to the performance of the spacecraft or the parachutes it was testing. The mockup destroyed in the incident is essentially just a boilerplate mass simulator shaped like a Crew Dragon capsule to achieve more aerodynamically accurate test results. As such, it’s far simpler and cheaper than an actual Dragon spacecraft and shouldn’t take long at all to replace if SpaceX doesn’t already have a second similar mockup ready to go.
Thankfully, that means that the loss of the test article should have next to no serious impact on Crew Dragon’s inaugural astronaut launch schedule. Planned no earlier than (NET) mid-to-late May according to NASA’s latest official statement, SpaceX and the space agency still have at least a month and a half to work through a final parachute test campaign, complete an investigation into Starlink L6’s Falcon booster engine failure, and finish several trees worth of paperwork and reviews. Delays remain likely but they shouldn’t be more than a few weeks, barring any future surprises.
Elon Musk
Elon Musk’s xAI closes upsized $20B Series E funding round
xAI announced the investment round in a post on its official website.
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development.
xAI announced the investment round in a post on its official website.
A $20 billion Series E round
As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others.
Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.
As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”
xAI’s core mission
Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.
xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5.
“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Elon Musk
Elon Musk’s Biggest Revelations on AI, Robots, and the Future of Work from the Moonshots Podcast
Elon Musk’s appearance on the Moonshots with Peter Diamandis podcast was packed with bold predictions, candid admissions, and surprising tech insights. The nearly three-hour conversation covered everything from artificial intelligence to humanoid robots, geopolitics, and the future of work. Here are the top 10 most intriguing takeaways:
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Aggressive AGI Timeline Predictions
Musk offered a detailed view on when artificial general intelligence (AGI) could emerge, suggesting it may arrive sooner than many expect, emphasizing both transformative potential and risks.
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U.S. vs. China in the AI Race
He discussed the strategic competition between the United States and China over AI development, noting that geopolitical dynamics will shape how and who leads in the next decades.
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Future of Job Markets
Musk touched on how AI and automation could reshape employment, predicting massive boosts in productivity alongside potential disruptions in traditional work structures.
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Clean Energy Transition
A recurring theme was the role of clean energy in future economies, with Musk reiterating the importance of scaling sustainable power generation and storage.
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Humanoid Robots Are Coming
On the podcast, Musk elaborated on Tesla’s work on humanoid robots, hinting at timelines and applications that go beyond factories to general-purpose assistance.
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Tesla Roadster “Last Human-Driven Car”
Outside the core discussion topics, Musk teased features of the upcoming Tesla Roadster — calling it “the best of the last of the human-driven cars” and suggesting safety won’t be its main selling point.
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The Role of AI in Clean Energy and Robotics
Linking AI to both energy optimization and robotics, Musk explained how smarter systems could accelerate decarbonization and task automation across industries.
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U.S. Innovation Leadership
Musk argued that maintaining American leadership in key tech sectors like AI, space, and robotics should be a national priority, with thoughtful policy and investment.
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Job Creation vs. Job Elimination
While acknowledging automation’s disruptive effects, he also outlined scenarios where new industries and opportunities could emerge, particularly in AI, space, and advanced manufacturing.
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Long-Term Vision for Humanity
Throughout the conversation, Musk revisited his long-term philosophical views — including a belief in humanity’s responsibility to become a multi-planetary and technologically empowered species.
Whether you agree with Musk’s optimism or not, the podcast offers a window into the thinking of one of the most influential figures in tech today, in and why his visions continue to spark debate and inspiration.
Elon Musk’s xAI closes upsized $20B Series E funding round
Tesla gets price target bump, citing growing lead in self-driving
