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SpaceX Falcon 9 returns to port after flawless Starlink mission [photos]
SpaceX has successfully recovered its first Falcon 9 rocket by sea-going drone ship in more than 12 weeks and the company’s next launch and (attempted) landing is already just a week or two away.
Four days after completing a flawless 60-satellite Starlink launch on April 22nd, Falcon 9 booster B1051 sailed into Port Canaveral aboard drone ship Of Course I Still Love You (OCISLY) on April 26th. The SpaceX rocket’s fourth launch since March 2019, it’s the first booster to successfully land at sea after two consecutive ocean recovery failures saw SpaceX lose boosters B1056 and B1048 in February and March 2020.
Although both failures were technically unrelated, explained by a combination of software errors and high landing area winds (B1056) and an improper Merlin 1D engine cleaning procedure, their back-to-back occurrence certainly raised some concerns. Thankfully, B1051’s successful Wednesday launch and landing and Sunday return to port have assuaged at least some of those concerns and several more Starlink launches are planned over the next month or two – all opportunities to verify that technical and organizational issues have been dealt with.
Carrying some 16 metric tons (~35,000 lb) of Starlink internet satellites, Falcon 9 B1051 lifted off on April 22nd and landed some 400 miles (650 km) downrange just eight minutes later. The Starlink-6 mission continued a recent practice where Falcon 9’s upper (second) stage performs a single burn to take Starlink satellites from booster separation to deployment orbit, part of the reason why booster B1051 landed so far downrange for a mission to low Earth orbit (LEO)
Baring a new layer of reentry soot and looking scarcely worse for wear, booster B1051 is now one of six Falcon 9 boosters to successfully launch and land four or more times or more. Unfortunately, B1048 and B1056 were two of those six boosters before they were lost in landing failures, while B1046 and B1047 were intentionally expended on their fourth launches.
Now B1049 and B1051 are the last operational SpaceX boosters to have completed four launches. Due to a slowed booster production rate, SpaceX will likely have to rely heavily on both four-flight boosters and B1059 to achieve its ambitious 2020 Starlink launch manifest. Three new boosters should be available for their second launches by June, September, and December, give or take, and additional new boosters could debut between now and the end of the year. In other words, SpaceX will effectively be forced to push its existing fleet of Falcon 9 Block 5 boosters to their limits (~10 flights each) to end 2020 with Starlink in a strong position.
Given that SpaceX has at least 10-20 more launches nominally planned this year, it would be no surprise at all if – assuming no more landing failures occur – boosters B1049 and B1051 reach 8+ launches each, if not 10. For now, though, it’s just nice to see a SpaceX rocket return to port by drone ship after an unintentional ~12-week hiatus. If all goes according to plan over the next week or two, SpaceX also has yet another Starlink launch – its eighth overall – scheduled as soon as early May and the ninth Starlink mission planned just a week or two later, according to photographer Ben Cooper.
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
