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SpaceX says crew spacecraft abort test still on track for 2019 launch
NASA recently invited members of the media to apply for access to SpaceX’s Crew Dragon in-flight abort (IFA) test and, as of December 5th, the company reaffirmed that the crucial test is still on track to launch just weeks from now.
In September, SpaceX CEO Elon Musk revealed that Crew Dragon’s IFA spacecraft and Falcon 9 was scheduled to arrive in Florida within a few weeks. Days later, NASA confirmed that the rocket and spacecraft arrived in Florida on October 3rd, sooner, in fact, than Musk had predicted. Over the next few weeks, SpaceX technicians and engineers effectively closed out Crew Dragon capsule C205, priming it for operations and installing its body panels.
On November 13th, about six weeks after arriving in Florida, SpaceX successfully tested Crew Dragon’s redesigned propellant plumbing and high-pressure gas systems by static firing its Draco thrusters and SuperDraco abort engines. The successful static fire test lasted around 9 seconds, mirroring the SuperDraco impulse and thruster inputs the spacecraft would need to demonstrate in an actual in-flight abort. Crew Dragon has four sets of two SuperDraco engines capable of producing a combined thrust of more than 130,000 lbs (570 kN), almost as much thrust as the original SpaceX Merlin 1D engines used on Falcon 9 in the early 2010s.
Meant to verify that SpaceX has successfully redesigned Crew Dragon after the spacecraft suffered a catastrophic explosion during a very similar static fire attempt, November 13th’s was followed by an exhaustive hardware inspection and data review, some of which is likely still ongoing. Although NASA’s media invite suggests that a given launch event could be just a month or so away, there is a ton of uncertainty when dealing with major launches of new hardware (like Crew Dragon), meaning delays are all but guaranteed.
During a pre-launch media briefing ahead of SpaceX’s CRS-19 Cargo Dragon launch, director of Dragon mission management Jessica Jensen answered a question about Crew Dragon’s IFA test, cautiously stating that SpaceX teams are “targeting [a] December” launch. During SpaceX’s December 5th CRS-19 launch webcast, Dragon Engineering Manager John Federspiel briefly brought up Crew Dragon, noting that SpaceX was completing “minor refurbishment” following its successful static fire.
Most notably, he stated the IFA test was “targeted for February of 2020”, while Crew Dragon’s subsequent ‘Demo-2’ astronaut launch debut was expected to follow no earlier than (NET) “the first quarter of [2020]”, implying either February or March.
As it happened, SpaceX and several media outlets almost immediately attempted to correct the record, instead suggesting that Crew Dragon’s abort test is still tracking towards a launch later this month. Given that a senior Dragon engineering manager was the one to unblinkingly – and without correction – state that IFA is NET February 2020, there’s a strong possibility that he is technically correct but was not supposed to publicize the mission’s delay. At the same time, SpaceX appears to be firm on its claim that IFA is still aiming for a late-December launch. Delays would be no surprise – Crew Dragon’s Demo-1 launch debut took an agonizing three months to go from heading to the launchpad for the first to actually lifting off, almost entirely due to minor technical bugs and NASA paperwork.
Regardless, with less than four weeks left in 2019, SpaceX has an exceptionally tight schedule ahead of it to meet that December 2019 IFA launch goal and will effectively have to static fire IFA’s Falcon 9 before the end of the week or crush Crew Dragon’s inaugural processing time by at least a factor of four to achieve it. As such, a delay in 2020 should be all but expected at this point. With any luck, however, Crew Dragon will successfully perform its in-flight abort within the next 4-8 weeks, leaving SpaceX in a good place to prepare for its inaugural astronaut launch a few months later.
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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.”
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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.
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Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
