News
SpaceX continues water landing test in latest Space Station resupply mission
SpaceX has completed their second launch in less than four days, and the company’s 14th Cargo Dragon mission has successfully made it to a safe parking orbit where it will make its way to the International Space Station over the next two days.
Carrying nearly 5,800 pounds of perishables, experiments, and scientific equipment to be bolted to the outside of the ISS, this particular Cargo Dragon flew once before in 2016, while the booster that lifted it above Earth’s thin atmosphere was tasked with launching CRS-12 in August 2017. According to Jessica Jensen, SpaceX’s Director of Dragon Mission Management, this particularly Dragon capsule was the first to fly with upgraded water sealing, meaning that it was considerably easier (and thus cheaper) for SpaceX to refurbish and refly. The only items that had to be replaced this time around were the heatshield, trunk, and parachutes, and this experience will undoubtedly translate into Dragon 2 (Cargo Dragon), likely ensuring exceptional reuse characteristics for that the company’s next-gen capsule.
-
- CRS-8 also happened to mark the first successful ASDS recovery of a Falcon 9 booster. (SpaceX)
-
- Booster 1039 lands after successfully launching CRS-12’s Cargo Dragon into orbit. 1039 completed its final mission on Monday afternoon, April 2. (SpaceX)
Sadly, CRS-14’s doubly flight-proven launch also marked yet another expended booster – B1039 happened to be the first Block 4 version of Falcon 9’s stage to fly a mission. Jensen described that SpaceX – accustomed to making these decisions on a case-by-case basis – had chosen to expend this particular booster after concluding that the benefits of testing extreme booster trajectories and recovery profiles outweighed the difficulty (and cost) of refurbishing a Block 4 booster for a third launch. In this case, B1039 would have been the best option if SpaceX had any desire to fly a booster more than twice before the introduction of the purpose-driven, next-generation Block 5 reusability upgrade – Block 4 was clearly not built to fly more than twice without an uneconomical amount of refurbishment.
https://twitter.com/_TomCross_/status/980912458280947722
While no specific details were given and live coverage shown of the soft-landing, it’s presumed that B1039 continued in the footsteps of water landings that followed GovSat-1 and Hispasat 30W-6 in January 2018 and March 2018. These uniquely aggressive landing attempts are all believed to have ignited three Merlin 1D engines rather than the single engine typically ignited for landing burns, providing a more efficient use of propellant reserves at the cost of extreme acceleration (G) forces and far slimmer margins of error. The ultimate promise of these tests, if successful, is to allow SpaceX the option of recovering boosters during missions with heavier payloads and higher orbits.
SpaceX continues a cautious regiment of tests for the newest Falcon 9 upgrade, Block 5. (Reddit /u/HollywoodSX)
The imminent NET April 24 inaugural launch of SpaceX’s rapid reuse Falcon 9 “Block 5” will mark the beginning of a new era of rocketry for SpaceX, where expendable missions are likely to become a rarity. Expending a single Block 5 booster could fairly be perceived as throwing away the potential revenue and income from anywhere from 5-100 future re-flights. As such, SpaceX has every reason to expend non-Block 5 boosters with the hope of ensuring that fewer new-generation rockets end up expended after launch.
This rocket was meant to test very high retrothrust landing in water so it didn’t hurt the droneship, but amazingly it has survived. We will try to tow it back to shore. pic.twitter.com/hipmgdnq16
— Elon Musk (@elonmusk) January 31, 2018
-
Intriguingly, Jensen also noted in a prelaunch briefing that SpaceX’s Cargo Dragons are certified for as many as three orbital reuses – a possibility as SpaceX steps towards completing all 20 of its contracted CRS-1 missions, the final five of which are scheduled to resupply the ISS between now and early 2020. After the final CRS-1 launch, NASA has already awarded SpaceX and Orbital ATK contracts for CRS-2, a second Commercial Resupply Services contract that will begin in 2020 and fly on OATK’s upgraded Cygnus and SpaceX Dragon 2, potentially repurposing recovered Crew capsules in the case of SpaceX.
Up next on the SpaceX calendar are a number of conferences and presentations over the next two or three weeks, followed by SpaceX NASA TESS mission on April 16 and the debut of Falcon 9 Block 5 for the launch of Bangabandhu-1, April 24. SES-12 may be launched sometime in early May or late April, and the next West coast launch of Iridium-6/GRACE-FO is expected to occur NET May 10.
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- SpaceX technicians work at the base of Falcon 9 B1039 ahead of launch, CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
-
- CRS-14. (Tom Cross)
Follow us for live updates, behind-the-scenes sneak peeks, and a sea of beautiful photos from our East and West coast photographers.
Teslarati – Instagram – Twitter
Tom Cross – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
-
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.”
-
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.
-
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.
-
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.
-
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
