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SpaceX Falcon fairing recovery vessel Mr. Steven tests out new limbs at sea

Mr. Steven took to sea to test out a new recovery-related appendage - purpose unknown - on November 12. (Pauline Acalin)

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8 years ago

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After a week or so spent installing a new and moderately ambiguous arm on the nose of Falcon fairing recovery vessel Mr. Steven, SpaceX’s recovery crew performed a number of high-speed sea trials a few miles off the shore of Port of Los Angeles, testing out something.

Just a few days later, Mr. Steven returned to the general region surrounding Catalina Island, where – by all appearances – SpaceX technicians performed the most recent Falcon fairing drop/catch test. Using a helicopter to pick up the test-dedicated fairing half from a barge, eventually dropping it from around 10,000 feet, this offers Mr. Steven a much higher volume of controlled attempts at both catching a parasailing fairing and optimizing the technology and recovery methods involved.

Over the last few weeks, Teslarati photographer Pauline Acalin has reliably kept up with Mr. Steven, documenting a variety of recent physical changes to the vessel. Most notably, these changes include the installation of a visible and quite curious stanchion (or arm) at the ship’s aft tip (nose). Simply due to a lack of any real information about the experiences of operating Mr. Steven and attempting to catch Falcon fairings, it’s all but impossible to know for sure what this new limb accomplishes or why it was needed in the first place.

Armed to the teeth

More clear are general visual observations and the reasonable extrapolations that can be derived from them. At the simplest level, this new limb is clearly well-reinforced, at least no less so than any of Mr. Steven’s other arms and attachment points. Aside from a basic off-the-shelf ladder for crew and technician access, the stanchion plays host to four basic swinging arms with what looks like one or maybe one and a half degrees of freedom, allowing them to pivot roughly 180 degrees along the plane of the angle they were installed at.

 

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Secured to the ends of those four simple arms are four heavy-duty coiled metal cables, themselves attached to the center of Mr. Steven’s two foremost arms (two cables per arm). Curiously, the ship’s Nov. 12 sea trials were conducted with just the bottom two cables attached to each respective arm, visible in photos of the outing. Upon returning from a Nov. 14 fairing drop-and-catch test, both upper and lower cable sets were seen attached to his aft arms. During the nearby sea trials, no clearly abnormal behavior – compared against previous trials at similar speeds and the same location – was observed, although the new metal cables were visibly taut or nearly so.

Given just how seemingly nuanced the utility of this new arm and cable combo seems to be, a few obvious conclusions and possible explanations can be drawn. Perhaps Mr. Steven experiences inconvenient arm bouncing while sailing at high speeds, particularly in high speeds, and holding his arms down serves to grease the metaphorical gears of fairing recovery. Maybe the recovery net – stretched between four large arms – is tensioned more than SpaceX fairing recovery engineers and technicians would like, partially shrinking the usable catching area by pulling each arm towards the center. Even more nuanced still, it may be the case that these new tensioning steel cables and stanchion make it easier for fairing halves to be processed after landing in Mr. Steven’s net, allowing the crew to accurately and rapidly move the fairing to an optimal section of the net.

More questions than answers

Regardless, none of these best-case, simple explanations for the new hardware satisfactorily mesh with the known facts surrounding Mr. Steven and Falcon fairing recovery in general. For any of the above scenarios to be true, one must essentially assume that SpaceX has already nailed down fairing recovery and catches or believes that the path to solving those problems is almost totally clear of obstacles. If not, it would feel more than a little like putting the cart before the horse (or the fairing before the net) to be optimizing Mr. Steven for operations that are – as of yet – out of reach.

If SpaceX were so close to closing the fairing recovery gap, one would generally expect Mr. Steven to attempt fairing recoveries after all true Falcon 9 launches while also performing controlled drop test catch attempts. However, no such attempt was made after the October 7 launch of SAOCOM-1A and – according to CEO Elon Musk – Mr. Steven will not be attempting to catch Falcon 9’s fairing(s) after the imminent launch of SSO-A, expected to occur sometime after Thanksgiving (later this week).

For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!

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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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Investor's Corner

SpaceX reports beat in first earnings while minimizing losses

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1 hour ago

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August 4, 2026

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Credit: SpaceX | X

SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.

After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.

Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.

SpaceX to report first-ever earnings today: here’s what to expect

Earnings Results

  • Revenues: $7.8 billion reported vs. $6.7 billion expected
  • Adjusted EBITDA: $3.5 billion vs. $2 billion expected
  • Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion

Additionally, CFO Bret Johnsen had these comments:

“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”

Space Business Highlights

SpaceX shared some of its biggest Space Business Highlights for Q2:

  • Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
  • Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
  • Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
  • Starship V3 development continued to advance towards full and rapid reusability:
    • Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
    • Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield

SpaceX will report its earnings today at 4:30 P.M. EDT.

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Elon Musk

Elon Musk sends second warning to SpaceX shorts ahead of first earnings

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2 hours ago

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August 4, 2026

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Credit: Grok Imagine

Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”

The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.

This marks the second such message from Musk in under three weeks.

On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.

Elon Musk sends first warning to SpaceX short sellers

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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.

SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.

Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.

As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.

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News

Tesla’s AI lead doubles down on FSD’s speed strategy, and owners are confused

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5 hours ago

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August 4, 2026

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Credit: Tesla

Tesla’s AI lead Ashok Elluswamy doubled down on the company’s strategy regarding Full Self-Driving’s speed settings, and owners are definitely confused.

Earlier versions of Full Self-Driving allowed owners to set a max speed that the vehicle could travel while operating under the semi-autonomous driver assistance platform. This allowed more customization for the driver, giving them the ability to experience FSD’s robust performance with their own personal preferences.

Speed is massively important for obvious reasons — it’s not only a question of keeping the vehicle occupants comfortable by traveling at a safe speed, but it’s also something that could contribute to a ticket or infraction from law enforcement.

With the release of FSD v14 last year, Tesla removed the ability to set a max speed and instead opted for five Speed Profiles, ranging from “Sloth,” the most conservative, to “Mad Max,” the most aggressive and spirited. These profiles not only control speed, but also how frequently the vehicle will execute passes, perform lane changes, and other contributing factors.

The removal of the Max Speed setting was a major complaint amongst the Tesla community because it left owners scrambling for a way to experience suitable behaviors while traveling at an appropriate speed. Most felt the driving profiles would be a good indicator of the behaviors, while speed would still be left up to the discretion of the driver.

Instead, Tesla’s Speed Profiles determine both, and the constant tinkering of how they behave has been a major bottleneck and point of confusion for both owners and the company. From update to update, the Speed Profiles will change, sometimes more drastically than others. Some owners have complained that the “Standard” profile is too fast, while others have experienced “Mad Max” traveling below the speed limit:

These things change with each update, but the big complaint is that owners are on the hook for any tickets that come from FSD’s infractions; that’s the caveat of the suite being named FSD (Supervised). It ultimately means the driver is responsible, and the automaker has no liability when it comes to speeding tickets or general traffic infractions.

It is the driver’s responsibility to take over or adjust based on this.

Elluswamy essentially confirmed that there are no plans to bring back Max Speed control, because it is what he referred to as “an anti pattern.” He then echoed something that CEO Elon Musk has started to really push with FSD, and that’s the idea that Tesla is really honing in on the preferences of the driver.

Owners were confused by Tesla’s decision, stating that there must be a better way, especially considering disengagements for incorrect speeds are common:

From personal experience and using FSD for over 72 percent of my driving miles since v14 was released late last year, I make Speed Profile adjustments constantly. If FSD is traveling a tad too quickly, I will scale it back, and if it’s too conservative, I’ll make it more aggressive.

I don’t complain about making the Speed Profile changes too frequently, but it would certainly be nice to have it happen less frequently. There are far too many times I am concerned about getting a ticket, even in Standard mode.

The biggest issue for me, personally, which seems to be echoed throughout the community, is the fact that Tesla’s goal is to minimize disengagements. Many drivers are stating that speed is a major reason for disengagements.

However, Tesla is not willing to bring back this one level of input because it would technically be a regression.

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Whether it’s right or wrong in your opinion, it is what Tesla is going with, and it seems like it has pivoted quite a bit from its other strategies for minimizing interventions by pushing its AI to behave in a way that would fit the occupant’s personal preferences.

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