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SpaceX’s Crew Dragon parachutes are almost ready for NASA astronauts
SpaceX says Crew Dragon’s upgraded “Mk3” parachutes are almost ready to safely return astronauts to Earth and need to pass just a few more consecutive tests before NASA will have the data it needs to qualify them.
Although SpaceX originally hoped to pursue a program of propulsive landing for Crew Dragon and Cargo Dragon space capsules, that effort was canceled to avoid the major cost increases and delays NASA’s qualification certification requirements would have triggered. Already designed with parachutes as a backup, SpaceX quickly pivoted and redesigned those parachutes as the primary (if not sole) method of gently landing astronauts back on Earth.
That decision was likely made in late 2016 or early 2017 and CEO Elon Musk announced the program’s cancellation – as well as plans for “Red Dragon” Mars landings – in July 2017. For the next 18 months, SpaceX worked with suppliers and NASA to design and test a parachute system up to the space agency’s extremely rigid standards. Coincidentally, Cargo Dragon suffered a significant (but survivable) parachute failure the same year when one of its three main chutes failed to deploy before splashdown. Additionally, Crew Dragon’s first “Mk1” parachutes suffered their own failures during testing.
A Mk2 variant was designed and built to account for Mk1’s issues, but it too suffered failures during field tests, particularly struggling to make it through tests simulating the failure of one Dragon’s main parachutes. As a result, NASA further required SpaceX to add a fourth parachute, requiring a whole new round of tests and experimentation due to the significantly different dynamics it introduced. Mk2 testing continued into 2019 but SpaceX quickly switched gears and worked with its supplier to design an even more upgraded “Mk3” parachute, building off of a cutting-edge program to model parachute deployment more accurately than ever before.
Over the course of 2019, SpaceX began to extensively test Mk3 parachutes with a variety of drop tests. Unfortunately, even Mk3 suffered a failure or two at first, leading SpaceX and its supplier to refine the design even further.
“[In October and November,] SpaceX says it successfully completed thirteen consecutive tests of Crew Dragon’s new Mk3 parachutes in less than two weeks. That essentially blew [NASA administrator Jim] Bridenstine’s expectations out of the water, as SpaceX surpassed his predicted 10 tests and did so barely three weeks into the tentative 12-week window he set. SpaceX now has plenty of time to either continue testing Crew Dragon’s parachutes or refocus its efforts on other equally important qualification challenges.
Prior to those thirteen consecutive successes, SpaceX suffered two failures during single-parachute Mk3 testing. The first two development tests of the Mk 3 design used loads much higher than the parachutes would ever see in operation in an effort to better understand overall design margins and system performance. After a period of rapid iteration with parachute provider Airborne Systems, the faults responsible for those two stress-test failures were resolved and subsequent drop tests confirmed that Mk3’s suspension lines – the numerous lines connecting the parachute to Crew Dragon – are far stronger than those on Mk2.”
Teslarati — November 3rd, 2019
In the latest chapter of the Crew Dragon parachute saga, on December 4th, SpaceX tweeted that the spacecraft’s upgraded Mk3 chutes recently completed their seventh successful “system test”. On November 3rd, CEO Elon Musk tweeted that one such multi-chute test had already been completed but said SpaceX wanted to successfully complete ten such consecutive tests before it would feel fully confident in the upgraded parachutes.

If the seven tests SpaceX is now describing are part of the same planned series that kicked off in early November, then those seven were likely consecutive successes and leave just three more tests (give or take) to go. Additional testing may well be required by SpaceX, NASA, or both parties, but if Mk3 continues to perform as well as it has over the last two months, Crew Dragon’s recovery systems ought to be well on their way to NASA certification. Once NASA gives the go-ahead on Crew Dragon’s parachutes (and every other facet of the spacecraft), SpaceX can proceed with its Demo-2 mission, set to be SpaceX’s inaugural astronaut launch and likely to mark the first time the US has launched its own astronauts in nearly nine years.
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News
Tesla CEO Elon Musk says flying cars are coming
Tesla CEO Elon Musk said that flying cars will be coming to the market, something that his own company has hinted at previously.
Musk said on X, in response to a post that read, “We were promised flying cars and all we got is infinite superintelligence for everyone,” “You will get flying cars.”
You will get flying cars
— Elon Musk (@elonmusk) August 12, 2026
The post rang back to when Musk teased flying and hovering capabilities for the Tesla Roadster, the company’s supercar that has been delayed more times than anyone cares to count. It was set for an unveiling earlier this year, but it was then pushed back to August. There is still no sign of it coming.
However, that does not mean it won’t. But one of the biggest features of the Roadster that was teased was a SpaceX package that featured cold gas thrusters on the rear end that would help with white-knuckle acceleration. Another set would face the ground and would help the Roadster gain small bits of altitude, potentially helpful to jump over obstacles.
Elon Musk hints at Tesla Roadster’s “hovering” abilities in SpaceX package
But it is not a straightforward thing for Musk. As a serial entrepreneur, he tends to spend his time on major disruptors; currently, his largest projects are artificial intelligence and compute power, as well as SpaceX’s launches that will eventually make life multiplanetary.
In the past, he has been critical of flying cars and has been in favor of tunnels, one of the big reasons he started the Boring Company. In 2017 at a TED talk, he said:
“There is a challenge with flying cars in that they’ll be quite noisy. The wind force generated will be very high. Let’s just say that if something’s flying over your head, if there are a whole bunch of flying cars all over the place, that is not an anxiety-reducing situation…You’re thinking, ‘Did they service their hubcap? Or is it going to come off and guillotine me as they’re flying past?'”
However, he’s never been against them. He has also said he’s in favor of both tunnels and flying cars.
Contrary to press reports, I’m not against flying cars. Just said it was important to consider both pros and cons.
— Elon Musk (@elonmusk) March 24, 2015
Most recently, Musk said that anyone who wants a flying car should be able to get one. This was stated last October on the Joe Rogan Experience:
“My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars… I think if Peter wants a flying car, we should be able to buy one.”
Whether the Roadster will be Tesla’s flying car or potentially another one remains in the mind of Musk. Of course, the Roadster will have to make its way to production lines before we find out.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
Investor's Corner
Tesla has one big financial question to answer for investors: Morgan Stanley
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.
