News
SpaceX restores a Falcon 1 rocket for 10th anniversary of first launch success
With plans to give the historic rocket its own place on display inside the company’s Hawthorne factory, SpaceX has refurbished the last remaining Falcon 1 rocket booster and an old Merlin 1C engine to create a model representative of the same Falcon 1 that saved SpaceX and made history on September 28th, 2008, becoming the first privately-developed liquid-fuel rocket to reach Earth orbit.
In the process of celebrating the tenth anniversary of that crowning achievement, one is reminded just how meteoric SpaceX’s rise has been over the course of that decade, marked by relentless progress with Falcon 1, Falcon 9, Falcon Heavy, Cargo Dragon, Crew Dragon, and even the early phases of BFR construction.
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On that September afternoon ten years ago, SpaceX may well have saved itself from extinction. Running on funding fumes, CEO and founder Elon Musk has long held that the company would have been forced to effectively cease activity and disband after six years of work and three consecutive Falcon 1 failures had drained almost all of the $100 million he had dedicated in 2002.
Reaching orbit is undoubtedly one of the most technologically challenging feats there is and SpaceX’s merciless failures drove that reality home, ranging from a burst propellant line on the first stage Merlin, liquid propellant sloshing problems on the second stage, and overperformance on the first stage engine causing the two stages to impact after separation, among myriad other problems faced outside of actual launch attempts. Thankfully, thanks to the extraordinary group of several hundred early employees that fixed those problems and pushed onwards, Falcon 1’s fourth attempt was almost flawless and successfully placed a boilerplate mass simulator into a roughly circular ~650km orbit.
- Falcon 1 Flight 4 seen shortly after liftoff from SpaceX’s Kwaj Atoll island pad. (SpaceX)
- Earlier this summer, /r/SpaceX member MarsOrBust101 was lucky enough to spot an old Falcon 1 – long sat at one of SpaceX’s several junkyards – being transferred to its Hawthorne factory. (Reddit /u/MarsOrBust101)
- It’s impossible to know for sure, but that hardware was almost certainly SpaceX’s first Falcon 1 recovery test article in a previous life. (SpaceX)
- SpaceX has restored the last remaining Falcon 1 structures into a display model. The small, unassuming rocket was showcased in front of the company’s Hawthorne factory on September 28th. (Pauline Acalin)
A bit more than nine months later, SpaceX completed the first and last operational launch of Falcon 1, retired to allow the company to focus fully on Falcon 5 (cancelled a few years later), Falcon 9, and Cargo Dragon. Eleven months after that July 2009 mission, SpaceX successfully launched Falcon 9 for the first time and followed it up with the first launch of a functioning Cargo Dragon spacecraft, which spent several hours testing systems in orbit before reentering Earth’s atmosphere and landing in the Pacific Ocean. Two years later in 2012, SpaceX’s Cargo Dragon became the first commercial spacecraft in history to dock with the International Space Station, with operational NASA Commercial Resupply Services launches beginning just six months after.

With three years and five successful launches under its belt, Falcon 9 v1.0 was retired and made way for the first of many upgraded Falcon 9 variants, known as Falcon 9 v1.1, featuring 60% greater thrust and mass at liftoff, a new octaweb layout for its nine new Merlin 1D engines, and a range of structural changes that set the stage for future attempts at booster recovery. Two and a half years after Falcon 9 v1.1’s debut and a little over five years since the first successful launch of Falcon 1, SpaceX accomplished the first successful landing of a Falcon 9’s first stage, and that booster now stands proudly outside of the company’s Hawthorne, CA headquarters.
To mark that 10th anniversary, SpaceX apparently decided to salvage a mothballed Falcon 1 stored in a junkyard, refurbishing it into something closer to its former self. Although just the first stage and a Merlin 1C engine were present, the company stationed the refurbished Falcon 1 in front the first recovered Falcon 9 booster and gave all employees an opportunity to see the duo over the course of September 28th.
- Roughly a third of the SpaceX employees present for the company’s Falcon 1 Flight 4 success still remain. (SpaceX)
- Falcon 9 and Falcon 1. (Pauline Acalin)
- SpaceX’s first successful Falcon 9 landing. Booster B1019 now stands in front of SpaceX’s Hawthorne factory. (SpaceX)
- Falcon Heavy successfully clears the tower after its maiden launch, February 6, 2018. (Tom Cross)
The sheer size differential is undeniably impressive. However, a more gobsmacking statistic can be found still. Falcon 1 stands roughly 22 meters tall and would weigh around 39,000 kilograms with a full load of liquid oxygen and kerosene. While the Falcon family’s current payload fairing isn’t nearly tall enough to squeeze in a full Falcon 1 first stage, Falcon Heavy could easily place a fully-loaded Falcon 1 into Low Earth Orbit and still recovery all three of its first stage boosters.
In other words, SpaceX went from launching the first commercial liquid-fuel rocket to reach orbit to launching a super-heavy rocket that could put that entire first rocket into orbit in less than ten years. Not too shabby.
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!
Elon Musk
Tesla preps for a harsh potential reality if Musk comp vote doesn’t go to plan
A successful vote for Tesla would see the compensation package get approved. But there is always the possibility of a rejection, which would likely see Musk leave the company.
Tesla could be forced to look for a new CEO in the coming months, as a crucial November 6 Shareholder Meeting vote will determine whether Elon Musk will stick around.
A major vote is coming up at the 2025 Tesla Shareholder Meeting, as investors will determine whether Musk should be given a new compensation plan that would award him up to $1 trillion and more than one-fourth of the total voting power within the company.
Tesla board chair reiterates widely unmentioned point of Musk comp plan
A successful vote for Tesla would see the compensation package get approved. But there is always the possibility of a rejection, which would likely see Musk leave the company.
“My fundamental concern with regard to how much voting control I have at Tesla is if I go ahead and build this enormous robot army, can I just be ousted at some point in the future? That’s my biggest concern,” Musk said at last week’s Earnings Call. “That’s what it comes down to in a nutshell. I don’t feel comfortable wielding that robot army if I don’t have at least a strong influence.”
Tesla Board of Directors Head Robyn Denholm has been on somewhat of a PR tour over the past few days, answering questions about the compensation plan, which is among the biggest issues currently for the company.
Denholm told Bloomberg yesterday that Tesla investors need to be prepared for Musk to abandon ship if the package is not approved, which brings on a new question: Who would take over the CEO role?
That is a question Denholm also answered yesterday, bringing forth the conclusion that Tesla would not look for an outside hire if Musk were to leave the company. Instead, it would promote someone internally.
The way it was reported by Bloomberg and Reuters seems to make it seem as if Tesla is preparing for the worst, as it states the company “is looking at internal CEO candidates,” not preparing to do so.
Of the executives at Tesla who immediately come to mind as ideal candidates for a potential takeover should Musk leave, Tesla China President Tom Zhu and Head of AI Ashok Elluswamy both come to mind. Zhu has monumental executive experience already, as he was appointed to the role of Senior VP of Automotive back in December 2022.
He then returned to China in 2024.
It seems Tesla wants to align its future, with or without Musk, on the same path that it is currently on, and internal candidates might have a better idea of what that looks like and truly means.
News
Tesla Full Self Driving (FSD) is nearing approval in a new country
As per the official, Tesla’s Full Self-Driving system could be enabled in Israel in the near future.
It appears that Tesla FSD (Supervised) is heading to a new country soon, at least based on comments from Israel’s Transport and Road Safety Minister Miri Regev.
As per the official, Tesla’s Full Self-Driving system could be enabled in Israel in the near future.
Israeli drivers are pushing for FSD rollout
While Tesla’s FSD is already operational in markets like the U.S., Canada, and Australia, Israeli owners have long been unable to use the feature due to regulatory barriers. Despite its premium price tag, however, numerous Tesla owners in Israel have noted that the technology’s safety benefits, at least when approved for real-world use in the country, justify its cost.
It was then no surprise that nearly 1,000 Tesla owners in Israel have already petitioned the government to greenlight FSD’s domestic release in Israel. In a post on X, Regev seemed to confirm that FSD is indeed coming to Israel. “I’ve received the many referrals from Tesla drivers in Israel! Tesla drivers? Soon you won’t need to hold the steering wheel,” she wrote in her post.
FSD’s regulatory support in Israel
Regev stated that her Ministry views promoting innovative technologies as essential to improving both road safety and smart mobility. A working group led by Moshe Ben-Zaken, Director General of the Ministry of Transportation has reportedly been tasked to finalize the approval process, coordinating with regulatory and safety agencies to ensure compliance with international standards.
In a comment to Geektime, Israel’s Ministry of Transportation and Road Safety noted that Regev is indeed supporting the release of FSD in the country. “Minister Regev sees great importance in promoting innovative technologies, and in particular in the entry of advanced driving systems (FSD) into the Israeli market, as part of the ministry’s policy to encourage innovation, safety, and smart transportation,” the Ministry stated.
Investor's Corner
Bank of America raises Tesla PT to $471, citing Robotaxi and Optimus potential
The firm also kept a Neutral rating on the electric vehicle maker, citing strong progress in autonomy and robotics.
Bank of America has raised its Tesla (NASDAQ:TSLA) price target by 38% to $471, up from $341 per share.
The firm also kept a Neutral rating on the electric vehicle maker, citing strong progress in autonomy and robotics.
Robotaxi and Optimus momentum
Bank of America analyst Federico Merendi noted that the firm’s price target increase reflects Tesla’s growing potential in its Robotaxi and Optimus programs, among other factors. BofA’s updated valuation is based on a sum-of-the-parts (SOTP) model extending through 2040, which shows the Robotaxi platform accounting for 45% of total value. The model also shows Tesla’s humanoid robot Optimus contributing 19%, and Full Self-Driving (FSD) and the Energy segment adding 17% and 6% respectively.
“Overall, we find that TSLA’s core automotive business represents around 12% of the total value while robotaxi is 45%, FSD is 17%, Energy Generation & Storage is around 6% and Optimus is 19%,” the Bank of America analyst noted.
Still a Neutral rating
Despite recognizing long-term potential in AI-driven verticals, Merendi’s team maintained a Neutral rating, suggesting that much of the optimism is already priced into Tesla’s valuation.
“Our PO revision is driven by a lower cost of equity capital, better Robotaxi progress, and a higher valuation for Optimus to account for the potential entrance into international markets,” the analyst stated.
Interestingly enough, Tesla’s core automotive business, which contributes the lion’s share of the company’s operations today, represents just 12% of total value in BofA’s model.
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