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SpaceX ship headed 1000 kilometers out to sea for expendable Falcon 9 launch
Update: SpaceX has called off Monday’s launch attempt for what appears to be technical reasons and will try again on Tuesday, November 22nd.
A SpaceX recovery ship is headed more than a thousand kilometers downrange to support the second expendable Falcon 9 rocket launch in nine days.
No earlier than (NET) 9:57 pm EST (02:57 UTC) on Monday, November 21st, a Falcon 9 rocket is scheduled to lift off from SpaceX’s Cape Canaveral Space Force Station (CCSFS) LC-40 pad carrying the Eutelsat 10B geostationary communications satellite. For unknown reasons, the French communications provider paid extra to get as much performance as possible out of Falcon 9, requiring SpaceX to expend the rocket’s booster instead of attempting to land and reuse it.
The mission will be Eutelsat’s third Falcon 9 launch in less than three weeks and will wrap up a trio of launch contracts the company secretly signed with SpaceX to move satellites off of competitor Ariane Group’s unavailable Ariane 5 and delayed Ariane 6 rockets. In a rare coincidence, Eutelsat 10B will also be SpaceX’s second expendable Falcon 9 launch in a row and the third Falcon launch to expend a booster this month. But like those two other missions, not all of the Falcon rocket tasked with launching Eutelsat 10B will be lost.
While SpaceX’s spectacular Falcon booster recovery and reuse usually takes center stage, the company has also managed to become the first entity in the world to successfully recover and reuse the deployable nosecone (fairing) that protects satellite payloads during launch. More importantly, Falcon fairing recovery and reuse have quietly become routine, reliable, and even accepted by an increasing number of paying customers. Out of 52 Falcon rockets launched in 2022, a minimum of 40 used at least one reused fairing half, and four of those 52 launches carried Dragon spacecraft (no fairing).
By all appearances, the performance penalty added by the extra mass of the hardware needed to recover Falcon fairings is also so minor that SpaceX can still recover fairings even when a given mission requires the company to expend a Falcon booster. That’s become especially clear within the last few weeks.
On November 1st, a SpaceX Falcon Heavy rocket lifted off for the fourth time ever, and intentionally expended one of its three first-stage boosters for the first time. Despite the booster’s disposal and record-smashing speed at main engine cut-off (MECO; 4 km/s or 8900 mph), SpaceX still managed to recover both of Falcon Heavy’s hypersonic fairing halves after they reentered Earth’s atmosphere and splashed down in the Atlantic Ocean almost 1500 kilometers (~930 mi) downrange. Eleven days later, SpaceX expended a Falcon 9 rocket to launch two Intelsat communications satellites. Once again, both fairing halves were recovered – this time around 960 kilometers (598 mi) downrange.
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Aiming for a region 1015 kilometers (630 mi) downrange, Eutelsat 10B’s fairing halves have the potential to travel further than any other piece of Falcon hardware before a successful recovery.
Compared to booster recovery, fairing recovery is more of a convenience than a necessity, and was pursued partially because it allowed SpaceX to avoid dramatically expanding its fairing production facilities in Hawthorne, California. Each Falcon Block 5 booster reuse likely saves SpaceX tens of millions of dollars, while CEO Elon Musk once implied that a standard Falcon fairing half costs about $3 million to build.* But given that SpaceX is now routinely reusing fairing halves five, six, or even seven times in two to three years, it’s likely that each fairing recovery still saves SpaceX a few million dollars.
*Musk specifically said that the fairing represents about 10% of the cost of a new Falcon 9 rocket. That cost could be higher than SpaceX’s Falcon 9 launch price, which was $62 million in 2017 and has grown to $67 million in 2022.
As was the case with SpaceX’s most recent launch, which made Falcon 9 booster B1051’s 14th mission its last, the company has assigned another old Falcon 9 booster to launch Eutelsat 10B. The mission will be Falcon 9 B1049’s 10th and final launch, ending the career of the oldest booster in SpaceX’s fleet. B1049 debuted more than four years ago in September 2018. Older Falcon Block 5 boosters are generally more finicky and high-maintenance, which partially explains why B1049 will retire after completing four fewer launches than B1051, a booster that’s six months younger.
Tune in below to watch SpaceX expend a Falcon booster for the third time in one month – an unfamiliar ‘first’ for a company famous for landing rockets.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
