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SpaceX fairing catcher Mr. Steven heads for Panama Canal after one last drop test

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8 years ago

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Iconic fairing recovery vessel Mr. Steven appears to have quietly departed for SpaceX’s Florida launch facilities a few days after completing (successfully or not) one final controlled fairing catch test in the Pacific Ocean.

While bittersweet for those that have closely followed the vessel’s development and many attempted Falcon fairing recoveries, this move should ultimately give Mr. Steven around three times as many opportunities to attempt fairing recoveries thanks to SpaceX’s significantly higher East Coast launch cadence.

Under SpaceX lease since late 2017, the company moved the vessel to California and modified it with its first net and set of arms around December 2017. Mr. Steven attempted his first Falcon fairing catch – each half worth more than $3M – in February 2018 after the launch of Earth imaging satellite PAZ and two SpaceX Starlink prototypes, thus beginning a string of five unsuccessful recovery attempts for West Coast Falcon 9 launches. The lack of success has most certainly not been for a lack of trying, exemplified in large part by Mr. Steven’s frequent net and arm upgrades over the last year, culminating in the installation of four massive arms, a vast primary net, and a smaller secondary net below it.

SpaceX engineers and technicians repeatedly managed to get Falcon fairing halves – autonomously guided by GPS after deploying parafoils – within 50 to a few hundred feet during several of those five post-launch attempts. In the last few months of 2018, SpaceX also began a program of controlled fairing drop tests, where a helicopter would lift a fairing half 5,000-10,000 feet up before releasing it for Mr. Steven. A recent drop test organized in either late-December or early-January saw the parasailing fairing half get so close to a successful catch that its parafoil rigging actually appeared to get tangled on (or at least bump) the edge of Mr. Steven’s net, spanning an area of around 3000 square meters (~30,000 sq ft).

Barring a continuation of SpaceX’s helicopter drop test program on the East Coast, Mr. Steven’s final controlled fairing recovery attempt occurred on January 25th, perhaps less than four days before the ship departed for Florida. After maneuvering wildly and reaching 28 mph (45 km/h) – the fastest speed yet clocked – on his trip back to port, Mr. Steven arrived with a fairing half tantalizingly cradled in the ship’s new secondary net, a perfectly ambiguous state that could indicate a successful catch and net transfer or a missed catch and ocean retrieval, with the smaller net used as an ad-hoc shock absorber during his sprint to port.

Back to Port Canaveral

Prior to Mr. Steven’s California station and arm/net upgrade, the vessel was introduced to SpaceX in Florida as a sort of faster version of the slower service vessels already used to support drone ship deployments and recover fairing halves (or shards) out of the ocean. Although it remains entirely possible that Mr. Steven’s abrupt journey towards southern Mexico is a false alarm, it appears quite likely that the vessel will ultimately end up back where it started its SpaceX journey. After returning to Port Canaveral, Mr. Steven should be able to support a range of post-launch fairing recovery attempts thanks to SpaceX’s consistently-busy East Coast launch schedule.

At his current cruising speed of ~18 knots (21 mph/35 km/h), Mr. Steven will take at least 9-10 days (~220-240 hours) to travel the ~7500 km (4600 mi) of ocean separating Port of LA and Port Canaveral. Even assuming many lengthy stops for fuel and supplies, the vessel should easily arrive in time to attempt its first East Coast fairing catch in support of SpaceX’s next launch, NET February 18th. After that, Crew Dragon’s inaugural orbital launch (DM-1) is targeted for late February, followed by Cargo Dragon’s 17th operational mission (NET March 16th) and the second-ever launch of Falcon Heavy, absolutely no earlier than March 7th.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes!

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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The Starship moon landing number NASA and Elon Musk can’t agree on

Musk disputes NASA estimate of 22 Starship launches for Moon landing, predicting 6 to 8.

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8 hours ago

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October 22, 2026

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Concept rendering of SpaceX Starship landing on the moon via Grok

Elon Musk is disputing a new NASA safety panel estimate of how many Starship launches it will take to put astronauts on the Moon, saying the real number will be less than half the panel’s figure.

On Thursday, NASA’s Aerospace Safety Advisory Panel held its quarterly public meeting. Panel member Charlie Precourt, a former NASA astronaut, flagged the fueling process for SpaceX’s lunar lander as a major risk for Artemis IV, the mission planned to land a crew on the Moon in 2028. “We need to keep our eyes on numerous required fuelings for the lander,” Precourt said, according to Ars Technica. “I think the last estimate is around 22 flights.”

Ars Technica’s Eric Berger posted the comment on X, and Musk replied. “That’s way too high,” Musk wrote. “Actual number will be more like 6 to 8.”

The disagreement comes down to a basic problem with sending a ship as large as Starship to the Moon. Starship burns nearly all of its propellant just reaching Earth orbit, so it cannot continue on to the Moon without stopping for a refill. SpaceX’s answer is a gas station in space. First, a Starship that works as a storage tank, called a depot, is launched into orbit. Then a series of tanker Starships launch one at a time, dock with the depot and pump their leftover propellant into it. Once the depot is full, the lunar lander version of Starship launches, docks, fills up and heads for the Moon.

Every tanker trip is its own full rocket launch, which is why the count matters. More launches mean more time, more cost and more chances for something to go wrong before astronauts ever leave Earth. Berger estimated that even if SpaceX reaches twice weekly Starship launches by the end of 2027, filling a depot at the panel’s number would still take roughly three months.

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How many tankers are needed depends mostly on how much propellant each one can carry to orbit and how much is lost along the way. Starship’s fuel and oxygen are stored at extremely cold temperatures, and some of it slowly boils off while waiting in orbit. More is lost in each transfer. NASA appears to be working from what Starship can lift today, while Musk’s range assumes a more capable rocket.

Musk has pushed back on higher counts before. In 2021, after a government document suggested 16 launches, he called that “extremely unlikely” and said eight tankers would be the most required.

Much of the answer depends on hardware SpaceX has not finished flying. As Teslarati noted earlier this year, the company plans to carry out the refueling process with its upgraded V3 Starship, and Precourt described Artemis IV as carrying “a large number of firsts.” He also praised NASA Administrator Jared Isaacman’s team for working to clear obstacles for both SpaceX and Blue Origin, whose Blue Moon lander does not rely on orbital refueling for its first mission.

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News

SpaceX confirms Starship 15 launch window with massive ambitions

Published

2 days ago

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October 21, 2026

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Credit: SpaceX

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:

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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Investor's Corner

SpaceX stock gets a slew of price target boosts after bullish earnings call

Published

2 days ago

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October 21, 2026

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Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.

SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.

Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.

The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.

SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms

Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.

Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.

These elements prompted a wave of price-target increases:

  • JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
  • Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
  • Barclays raised its target to $300 from $254 (Overweight).
  • Citi increased its target to $240 from $200 (Buy),
  • UBS moved to $230 from $210 (Buy), and
  • TD Cowen raised its target to $224 from $200 (Buy).
  • Morgan Stanley held an Overweight rating with a $300 target.
  • Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.

Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.

The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.

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