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SpaceX rings in Falcon 9’s 10th anniversary with a rocket reusability first
Today is the tenth anniversary of SpaceX’s inaugural Falcon 9 launch, marking a decade of largely uninterrupted success that the company has rung in with a record-breaking Starlink launch and rocket landing.
Just one day shy of the occasion, booster B1049 lifted off on its fifth orbital launch and Falcon 9’s 86th launch overall, successfully placing the eighth batch of 60 SpaceX Starlink satellites in orbit and becoming the first booster ever to complete five orbital-class launches and landings. Designed to fly no fewer than 10 times each, that means that SpaceX is already half of the way to achieving a major goal of the rocket’s Block 5 upgrade just 24 months after its launch debut.
With Starlink-8 under its belt, Falcon 9 B1049 has officially become the fastest orbital-class rocket or spacecraft in history to perform five launches, beating out Space Shuttles Columbia (~27 months), Challenger (~24 months), Discovery (~22 months), Atlantis (~26 months), and Endeavour (~29 months) with launches in ~20 months. Over the 10 years it’s been operational, thanks in large part to the unprecedented leaps SpaceX has made while independently developing booster reusability, Falcon 9 has become the most affordable source of large orbital launches and has come to dominate the commercial launch market and the company’s lead is only likely to grow in the coming years.
Lifting off just hours after SpaceX completed Port Canaveral recovery operations with the first astronaut-proven Falcon 9 booster (B1058), B1049’s fifth successful launch and landing means that the company will soon be able to attempt the sixth launch of an orbital-class booster for the first time ever. All but guaranteed to support one of the 20-24 Starlink missions SpaceX has planned for 2020, B1049 could be ready for its sixth launch as early as late July or August.
Just like the booster’s two prior launches, B1049 was carrying a ~16 metric ton (~35,000 lb) batch of 60 Starlink communications satellites. Thanks to Falcon 9’s exceptional cost-to-performance ratio and the rapid expansion of Starlink launch activities, SpaceX’s workhorse rocket has already launched almost 450 metric tons (~1 million lb) of satellites and cargo into orbit over 10 years of service and 85 launches.
If things go according to plan, the Starlink launch campaign SpaceX needs to complete the massive satellite constellation will rapidly double (and almost triple) the total mass SpaceX has placed in orbit. The first major phase of 4400 satellites – currently 9.5% complete – will collectively weigh more than 1100 metric tons (~2.5 million lb), while the combined second and third phases will raise that by almost a full magnitude. Falcon 9 may forever be famous thanks to the leaps it’s made in reusability, affordability, and reliability, but it will likely end up being best known for its foundational role in the deployment of SpaceX’s vast Starlink internet constellation within a few years.
After B1049.5 safely returns to Port Canaveral aboard drone ship Just Read The Instructions (JRTI) sometime next week, SpaceX can offload the rocket, transport it to a nearby hangar, and begin preparing it for launch #6 – a first for the company. If SpaceX can average 90-day turnarounds for the booster over its next several flights, B1049 could potentially become the first Falcon 9 first stage to achieve its 10-flight design goal before the end of next year.
Meanwhile, SpaceX is already preparing to launch its next (ninth) Starlink mission as early as June 12th, beating the pad’s current turnaround record by almost three days (~25%). All things considered, a full decade in, SpaceX and its Falcon 9 rocket are just getting started.
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Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
Tesla Cybercab gets a for sale date at last
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
