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SpaceX fairing recovery ships return to port with Falcon 9 nosecone and battle scars
Four days after they headed out into the Atlantic Ocean, twin SpaceX fairing recovery ships Ms. Tree and Ms. Chief have returned to port with both halves of a Falcon 9 fairing, although they appear to have picked up some battle scars along the way.
Ms. Tree and its near-identical sibling Ms. Chief departed Port Canaveral on December 14th and arrived on station – 790 km (490 mi) off the coast of Florida – some 36 hours later. Each outfitted with a quartet of arms and pair of nets, it was the first time both ships successfully made it out into the Atlantic for a simultaneous fairing catch attempt, having been foiled by high seas during a prior November outing.
For unknown reasons, after the duo’s November false start, both ships stopped for almost two weeks at a South Carolina port, perhaps indicating that SpaceX was concerned about the structural integrity of the ships’ seemingly fragile net mechanism. In February 2019, Mr. Steven (now Ms. Tree) lost two of its four arms while heading downrange for an attempted catch, apparently broken off by pitching caused by high seas. Further strengthening the case that their net mechanisms are rather fragile, both Ms. Tree and Ms. Chief again suffered damage after their Kacific-1/JCSAT-18 Falcon 9 fairing recovery attempt.
Both ships arrived back at Port Canaveral on December 18th and were caught by Teslarati photographer Richard Angle while passing through the narrow mouth of the port. GO Ms. Chief took the lead, revealing a Falcon 9 fairing half snugly secured with a tarp on her deck – the ship’s very first launch vehicle hardware recovery.

First (partially) successful fairing recovery quite literally under wraps, Ms. Chief nevertheless did not make it through the rite of passage unscathed. Oddly, it appears that just one of the ship’s eight white arm supports is missing (the rear right or aft starboard arm), visibly resulting in the arm slouching a bit compared to its siblings. Intriguingly, it appears that the arm is partially stretching – and thus potentially resting on – Ms. Chief’s net and rigging.
The fact that only one of the arm’s two beams (of eight total) seems to have failed is more immediately indicative of possible human error during installation or a defective attachment mechanism, although it’s entirely possible that a fluke of weather could have damaged just the one beam.


Thankfully, Ms. Tree (formerly Mr. Steven) appears to have made it through the recovery mission with all four arms fully intact, although the ship clearly struggled with a separate mechanism. Notably, Ms. Tree seems to have struggled to use its secondary net to lift its fairing half out of the sea and onto her deck, with that smaller net clearly suffering a multitude of rips and tears at some point during the process. Her recovered fairing half is somewhat awkwardly strewn on the deck with no obvious attempt to rectify the issue, indicating that the net may have torn mid-lift, causing the fairing to fall maybe 5-10 feet.
If it did actually fall onto Ms. Tree’s deck, that will almost certainly be visible in the form of damage to its aluminum-composite honeycomb structure and white insulation coating.

Ultimately, fairing recovery continues to prove itself to be a major challenge, although SpaceX obviously has no intention of giving up. With two successful catches already in hand, it’s clear that fairing recovery is undeniably possible and is more a matter of tweaking existing systems than starting from scratch. Much like Falcon 9 booster recovery had and its fair share of failed landings even after the first success, it will likely take quite a while for SpaceX to optimize fairing recovery to the point that it can be considered reliable.
For now, routine fairing recovery and reuse will likely continue to be Falcon 9’s white whale, at worst adding to the excitement of every SpaceX satellite launch.
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Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.
News
SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla
SpaceX president Gwynne Shotwell quietly followed Tesla on X, and merger watchers noticed right away.
SpaceX President and COO Gwynne Shotwell has started following Tesla’s official account on X, a small change that landed in the middle of a very loud merger conversation. Whole Mars Catalog joked about it on Sunday.
A follow is not an announcement, and neither company has said anything about a deal. What gives the moment weight is the timing. Barclays analyst Dan Levy has told clients that an agreement could come before Tesla’s annual meeting, which must be held by December 6, with SpaceX as the buyer in an all stock deal, as we reported after the Roadster unveiling. Wedbush’s Dan Ives has stuck with a 2027 timeline.
“Shit, I better start following their X account if i’m gonna be helping run the company”
— Whole Mars Catalog (@wholemars) October 18, 2026
Shotwell is the executive most worth watching if the two companies do move closer. When Musk was asked at the All In Summit why Tesla and SpaceX remain separate, Shotwell sat next to him and said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps. The businesses were integrating “faster than I thought,” she said, though “not fully integrated yet.” Her responsibilities have also grown since SpaceX absorbed xAI, and she now oversees operations that include Grok and the company’s AI compute buildout.
The financial links are already there. Tesla’s $2 billion xAI investment turned into a stake of less than one percent in SpaceX, the two share the Terafab chip project in Austin, and Musk exercised his 2018 Tesla options a week after SpaceX began trading, a sequence analysts flagged as giving SpaceX public shares to use in a deal. Musk holds about 20 percent of Tesla and controls 85.1 percent of SpaceX’s voting power, according to our earlier breakdown.
The next test is close at hand. SpaceX reports its second earnings as a public company on Tuesday after the close, and Tesla follows on Wednesday. Musk told analysts in July that “we can’t talk about combining companies and that kind of thing on an earnings call,” so a direct answer is unlikely from either stage. Tesla shareholders can still submit and vote on questions through the Say portal until 4 p.m. EDT on Monday, and the merger is a recurring theme in the queue.