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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:
“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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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.
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.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
