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SpaceX Falcon 9 booster returns to port on upgraded drone ship
Upgraded SpaceX drone ship A Shortfall Of Gravitas (ASOG) returned to Port Canaveral on Tuesday, August 31st after a flawless inaugural Falcon 9 booster landing.
In a pleasant coincidence, the brand new drone ship was greeted by an even newer member of SpaceX’s rocket recovery fleet, which had arrived just hours before after bidding farewell to the Louisiana port it was upgraded at the week prior. Named after Doug Hurley and Bob Behnken, the NASA astronauts that helmed Crew Dragon on its crewed orbital launch debut, Doug was the first to arrive and reached its Port Canaveral berth around 9pm EDT on August 30th. Returning to port with a rocket on board for the first time, drone ship ASOG berthed beside Doug just 12 hours later.
Side by side, ASOG and Doug effectively represent the next evolution of at-sea recovery for SpaceX, a company famous for continuously striving for improvement and optimization.
Notably, confirmed unequivocally by a SpaceX engineer during NASA’s CRS-23 pre-launch briefing, a mission that was also ASOG’s very first, the drone ship has been designed to navigate to the correct position, precisely station-keep during landing, secure the landed booster, and transport that booster back to port “completely autonomously.” Up to now, every one of SpaceX’s 76 at-sea landing attempts to date has required a tugboat to tow the drone ship to the recovery zone and a second ship (usually GO Quest or NRC Quest) to support the crew of SpaceX technicians that maintain the drone ship, fix problems, and secure landed boosters.
In 2017, SpaceX improved those procedures to a degree and debuted a robot known as Octagrabber on drone ship Of Course I Still Love You (OCISLY). Designed to remotely grab the same Falcon booster ‘hold-down’ hardpoints used by the launch pad, Octagrabber allows SpaceX’s recovery team to remain safe aboard their support ship, avoiding the undeniable danger of working in close proximity to a sliding 25 ton (~50,000 lb) object in all but the worst conditions.
While Octagrabber has undeniably been a boon for the recovery crew, all SpaceX ocean recoveries since have still required tugboats and a crew support ship. Now, thanks to unspecified upgrades, SpaceX believes that A Shortfall of Gravitas will be able to recover Falcon boosters with zero human intervention. It’s likely that SpaceX will still need to arrange a tugboat and pilot to take ASOG to and from the mouth of Port Canaveral and humans will certainly still be involved in the process of retracting landing legs and lifting boosters off the drone ship, but what SpaceX proposes would still be a major upgrade.
However, perhaps the biggest hurdle for SpaceX to operate truly autonomous drone ships will be securing regulatory approval to do so. Perhaps anticipating that gap between technical and legal readiness, SpaceX has bought two new support ships – Bob and Doug – outright. Set to be the largest traditional ships in SpaceX’s fleet, Bob and Doug appear to be designed to do it all. Each outfitted with a large crane and winch, both ships should be able to recover Falcon fairings, tow drone ships, and host crews of technicians (if needed). Additionally, they appear to have space for a helipad and could potentially be modified to triple as Dragon recovery assets.
In other words, even if it takes a while before ASOG and Just Read The Instructions (JRTI) are able to operate autonomously, Bob and Doug should feasibly allow SpaceX to save money on recovery operations by combining fairing recovery, tugboat, and crew support roles into one vessel.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
