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SpaceX Dragon spacecraft heads to ISS as crewed version preps for debut
SpaceX’s third flight-proven Cargo Dragon spacecraft has arrived in orbit and is currently making its way uphill to the International Space Station for the 15th SpaceX resupply, scheduled for arrival around 7 am EDT July 2nd. Meanwhile, the company’s new Crew Dragon is undergoing its own earthbound trials, split between an artificial vacuum chamber and parachute drop tests over the California desert.
Following a twilight launch that brought to a spectacular close an era of older, less-reusable Falcon 9 rockets, the Cargo Dragon capsule trunk full of several tons of supplies and scientific instruments were placed into a parking orbit roughly 200 miles above Earth’s surface, trailed by a mesmerizing rainbow plume created by Falcon 9’s first and second stage over their nine-minute journey.
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- CRS-15 minutes before an early July 29 launch. (SpaceX)
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- Nine minutes after launch, Falcon 9’s upper stage shut off its main engine and Cargo Dragon detached. (SpaceX)
After arriving in orbit, Crew Dragon separated from Falcon 9’s second stage and officially commenced its second orbital mission roughly 25 months after its first, CRS-9 in July 2016. Alongside the three that have now flown successfully, all five of SpaceX’s remaining Commercial Resupply Services-1 (CRS-1) missions will be conducted with flight-proven Dragon spacecraft, two or three of which will see the already-reused capsules fly a third time before being officially retired.
After SpaceX’s first CRS contract comes to an end, currently scheduled for early 2020 with the CRS-20 mission, the upgraded Dragon 2 will take over all future cargo launches. Dragon 2’s cargo configuration is expected to be a slightly different version of the Crew Dragon capsule and trunk, scheduled to debut as early as late 2018, but the specifics are still somewhat hazy. Most probably, recovered Crew Dragon capsules – unlikely to ever been certified to fly NASA astronauts – will instead be refurbished after their first orbital missions, modified slightly to meet the cargo requirements, and then use to complete SpaceX’s CRS-2 contract alongside their crew transport missions.
At Naval Air Facility El Centro in Southern California, SpaceX recently completed its 16th test of Crew Dragon’s parachute system—verifying the system’s ability to slow Crew Dragon and ensure a safe landing in the unlikely event of a low altitude abort. https://t.co/OOQnAtNXJ3 pic.twitter.com/kFX7Qth3AK
— SpaceX (@SpaceX) June 26, 2018
While its predecessors continue to grow SpaceX’s experience in orbit, the Crew Dragon program is making its own impressive progress towards the first uncrewed and crewed launch debuts in late 2018 and early 2019. DM-1, the capsule tasked with that first uncrewed demonstration, is likely nearing the end of a suite of tests inside NASA’s huge Plum Brook vacuum chamber facilities, ensuring that the brand-new spacecraft behaves as expected in the extreme environment of space. If successful, the capsule will be sent on its way to Cape Canaveral, Florida to begin true prelight preparations for the first time ever, while its trunk – an expendable structure installed at the base of the craft with solar arrays, radiators, and bays for unpressurized cargo – will be sent back to the Hawthorne, CA factory to be outfitted with flight hardware, after which it will ship to Florida one to two months after the capsule arrives.
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- Crew Dragon parachute tests are likely to continue into the summer to ensure NASA certification in time for DM-1. (SpaceX)
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- Falcon 9 B1045 and it’s flight-proven Cargo Dragon head skyward, marking the end of last-gen SpaceX Falcon 9 launches. (Tom Cross)
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- CRS-15’s ‘jellyfish’ plume glowed as Falcon 9 flew above the terminator into the morning sun. (Tom Cross)
Meanwhile, the CRS-15 Dragon capsule currently orbiting Earth will dock with the International Space Station early Monday morning and is scheduled to depart, reenter, and return to Hawthorne, CA for Flight 3 refurbishment in early August, at which point the DM-1 Crew Dragon ought to have arrived in Florida. Aside from Dragon, SpaceX has three new Falcon 9 Block 5 launches scheduled between July 20 and August 2, the boosters of which will all be recovered aboard SpaceX’s fleet of drone ships
Follow us for live updates, peeks behind the scenes, and photos from Teslarati’s East and West Coast photographers.
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Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
