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SpaceX’s Crew Dragon spaceship marches towards launch with vacuum chamber test
SpaceX has published the latest photo of its next-generation Crew Dragon spacecraft, showing the crewed vehicle preparing to be put through its paces inside a NASA thermal vacuum chamber located in Cleveland, Ohio. If the tests are completed without issue, the Dragon’s next destination will be Cape Canaveral, Florida, where it will prepare for an inaugural launch targeted for the fourth quarter of 2018.
In the photo released on June 20th, SpaceX’s DM-1 Crew Dragon capsule (C202 in shorthand: [C]apsule, Dragon [2], serial number [02]) is seen being craned by SpaceX technicians into the thermal vacuum chamber at NASA’s Plum Brook testing facilities. Located in Ohio, Plum Brook’s vacuum chamber is unique because of both its size and its ability to fairly accurate replicate the actual environment faced by satellites and spacecraft once in space. Most importantly, this includes the extreme thermal conditions those vehicles are subjected to by constant ~90-minute day-night cycles in low Earth orbit (LEO).
Without Earth’s cozy atmosphere to act as both a heat sink and insulating blanket once on orbit, there is simply nothing there to protect spacecraft like Crew Dragon from the absolute extremes of direct solar radiation (sunlight), total darkness, and a complete lack of cooling by conduction and convection. In order to avoid overheating, Crew Dragon thus needs to bring along its own means of cooling in the form of onboard radiators to shed excess heat. The use of white paint on spacecraft further aids this process by selectively preventing the absorption of solar radiation while simultaneously efficiently emitting in infrared wavelengths.
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- SpaceX’s Demo Mission-1 Crew Dragon seen preparing for vacuum tests at a NASA-run facility, June 2018. (SpaceX)
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- The DM-1 Crew Dragon testing inside SpaceX’s anechoic chamber, May 2018. (SpaceX)
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- An overview of Crew Dragon’s main features, all of which can be seen in the real-life photos. The Cargo Dragon version will likely remove seats and windows. (SpaceX)
How to prep your Dragon
Crew Dragon’s primary radiators are elegantly integrated into vertical panels installed on the cylindrical bottom segment, known as the trunk, while the craft’s power source – solar panels in this case – are installed in a curved array on the opposite side of the trunk. Intriguingly, the trunks displayed in the two most recent photos of the DM-1 Crew Dragon appear to be almost completely different, and the trunk at Plum Brook does not appear to have its solar arrays or radiators installed. Nominally, SpaceX would use the thermal vacuum capabilities of the Ohio facility to fully vet Crew Dragon’s ability to maintain optimal temperatures on orbit, but the particularly tests planned for the DM-1 capsule and trunk may be of a slightly different type.
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- On February 28, SpaceX completed a demonstration of their ability to recover the crew and capsule after a nominal water splashdown in the Atlantic Ocean, just off the coast of Florida. (SpaceX)
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- Astronaut Bob Behnken examines a sample of Crew Dragon docking and crew transfer hardware, the mechanisms that will allow the spacecraft to dock with the International Space Station and allow crew to enter the orbital outpost. Taken March 2017. (SpaceX)
Regardless, after testing at Plum Brook is completed, the DM-1 Crew Dragon capsule will be shipped to a newly-constructed processing facility in Cape Canaveral, Florida, while it’s understood that the trunk installed in SpaceX’s June 20th photo will be returned to the Hawthorne, CA factory to be outfitted with flight hardware (presumably including cameras, radiators, solar arrays, and a healthy amount of insulation). It’s unclear when the two segments of DM-1 will part ways and head on to their next destinations, but it’s likely that testing at Plum Brook will last for at least a handful of weeks.
Birds of a feather
In the meantime, several additional Crew Dragon capsules/trunks and the Falcon 9 Block 5 rockets that will launch them are in a variety of states of fabrication and assembly at SpaceX’s Hawthorne factory. B1051, the Block 5 booster assigned to the first uncrewed Demo-1 launch of Crew Dragon, was reported by NASA to be undergoing propellant tank integration in March 2018, implying that the rocket should be at or near the final stages of integration, and will likely ship to McGregor, Texas for static fire testing late this summer.
As of June 15th, SpaceX’s third Falcon 9 Block 5 booster was vertical on the Texas test stand, likely nearing its own static fire test before being shipped to SpaceX’s Vandenberg Air Force Base launch facilities for the July 20th launch of Iridium-7. While possible that a booster slipped past the watchful eyes and ears of SpaceX enthusiast observers, it’s probable that the rocket currently in McGregor is B1048, implying that a minimum of two additional booster shipments and Texas test programs remain before B1051 can be prepped to launch SpaceX’s first Crew Dragon mission. At the current marginally accelerated booster production and shipment schedule (~ 30-day cadence), B1051 would be expected to leave Hawthorne for Texas no earlier than (NET) late August or early September. This meshes with a recent comment from Commercial Crew astronaut Suni Williams:
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“I think we’re going to get the [uncrewed[ demo flights probably by the end of the year, maybe a little after that . . . and then the crew demo missions next year.”
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- Falcon 9 Block 5 completed its first launch on May 11, carrying the Bangabandhu-1 communications satellite to geostationary transfer orbit. (Tom Cross)
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- SpaceX’s second Block 5 booster was spotted vertical at the company’s McGregor, TX testing facilities. That booster has since been shipped to Florida for a mid-July launch, with B1048 now in its place as of June 15. (Aero Photo)
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- A matte-silver Block 5 Merlin 1D rocket engine seen preparing to leave SpaceX’s Hawthorne factory for testing in Texas. (SpaceX)
Anticipating acceptance and prelaunch testing that is far more extensive and time-consuming than typically seen with SpaceX’s commercial missions, it’s safe to bet that the first uncrewed Crew Dragon mission – DM-1 – will launch from Kennedy Space Center in November or December 2018. While those operations proceed over the course of the rest of this year, SpaceX expects roughly 10 additional Falcon 9 and Falcon Heavy launches to occur. It’s gonna be a busy H2.
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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.”
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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.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
