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SpaceX test emergency egress drills ahead of upcoming crew mission
NASA and SpaceX are progressing full steam ahead to an epic launch of the crewed Dragon spacecraft. Known as Demo-2, the mission is estimated to blast off in mid-to-late May, marking the first-ever flight of the Dragon with astronauts on board.
As part of that historic mission, two NASA astronauts — Doug Hurley and Bob Behnken — will launch to the International Space Station, where they will spend a still to be determined amount of time. The mission, deemed critical by NASA, is progressing as planned despite the coronavirus outbreak that’s spreading across the country.
To that end, NASA and SpaceX personnel, along with the crew, practiced essential safety drills and launch day procedures at the space agency’s Kennedy Space Center in Florida. SpaceX’s Crew Dragon capsule, and its Falcon 9 launcher, are equipped with numerous safety features designed to protect astronauts in the event of an emergency. And NASA wants to make sure they work.
One system — known as a launch escape system — was recently tested in-flight, proving that if something is wrong with the Falcon, the crews can be whisked away to safety by Dragon. But what if something goes wrong on the launch pad? The launchpad is equipped with a zipline that can be used to whisk astronauts quickly back to the ground should an emergency happen.
On April 3, @NASA and @SpaceX conducted an emergency egress exercise at Launch Complex 39A at @NASAKennedy.
This demonstration was completed to ensure the crew & support teams can quickly evacuate from the launch pad in the unlikely event of an emergency: https://t.co/5xYN51WHGp pic.twitter.com/75LTRoyMKA
— NASA Commercial Crew (@Commercial_Crew) April 7, 2020
On Friday (April 3), SpaceX and NASA completed an important test of that system. Teams simulated an “emergency egress”, running through a series of steps designed to transport the astronauts off the pad, and ensure their safety in the event that a serious problem crops up prior to liftoff.
“Teams rehearsed locating injured personnel on the 265-foot-level of the launch tower, loading them into the pad’s slidewire baskets and safely descending the tower, then successfully loading the injured participants into Mine Resistant Ambush Protected (MRAP) vehicles staged at the pad perimeter,” NASA officials wrote in an update.
This follows a series of simulations that the teams ran last month. They gathered in Firing Room 4, SpaceX HQ, and Johnson Space Center to run through launch simulations, ensuring the crew and launch control teams were ready for anything on the day of launch.
The flight is one for the history books as it marks the return of human spaceflight from U.S. soil since 2011. When the space shuttle program ended, NASA and other agencies around the world relied solely on Russia to ferry their astronauts to and from space. But that was only temporary as NASA turned to private companies to build its next generation of space taxis in 2014.
Ever since, the agency’s two contractors, SpaceX and Boeing, have worked to build its own version of an astronaut transport. Following a successful uncrewed test flight, SpaceX’s Crew Dragon capsule will be the first to launch astronauts for NASA. If this mission goes well, the California-based spaceflight company will be certified to launch astronauts on a regular basis.
NASA astronaut Shannon Walker has been assigned to the first operational crewed flight of @SpaceX's Crew Dragon, bound for the @space_station!
Pending a successful Demo-2 test, Walker, @Astro_illini, @VicGlover and @Astro_Soichi will launch this year. https://t.co/eYUN1Zt6Y0 pic.twitter.com/Fi4hCEZV3W
— NASA's Johnson Space Center (@NASA_Johnson) March 31, 2020
It’s first crew of four people — NASA astronauts Michael Hopkins, Victor Glover Jr., and Shannon Walker and Japanese astronaut Soichi Noguchi — are set to fly later this year or the beginning of 2021, if all goes as planned.
Boeing completed its uncrewed test flight in December of last year; however, its capsule experienced an inflight anomaly and was unable to reach the space station. Following an extensive review, Boeing has decided to repeat its uncrewed test flight before it launches people. That flight is expected for some time this fall.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
