News
SpaceX nails second Falcon 9 landing in 48 hours, fairing catch foiled by weather
Just a handful of days after SpaceX’s second-ever successful launch and landing of their upgraded Falcon 9 Block 5, the company has completed the same feat on the opposite side of the United States, debuting the Block 5 rocket with a launch and booster recovery from California’s Vandenberg Air Force Base (VAFB).
The booster in question, Falcon 9 B1048, is the third Block 5 booster to roll off of SpaceX’s Hawthorne, CA assembly line and is now the first Block 5 rocket to launch from the company’s California launch facilities. On the opposite coast, SpaceX’s second Block 5 Falcon 9 booster (B1047) completed its own successful launch and landing, lofting the heaviest commercial satellite to ever reach orbit (Telstar 19V).
While weather during camera setup was absolutely spectacular, the predawn launch window meant that no sun was available to force the ever-present VAFB fog back over the ocean. (Pauline Acalin)
Seven months, fourteen launches
Today’s near-flawless predawn mission saw Falcon 9 place 10 Iridium NEXT satellites in a polar Earth orbit, during which the rocket’s Block 5 booster completed the first landing on Just Read The Instructions in nearly ten months and Mr Steven made his first attempt at catching a parasailing Falcon fairing with his massive net and arms upgrades. Those upgrades, tracked tirelessly by Teslarati photographer Pauline Acalin for the better part of July, took barely a month to go from a clean slate (old arms and net fully uninstalled) to operational, fairing-catching status, an ode to the incredible pace at which SpaceX moves.
Sadly, the vessel’s Iridium-7 fairing catch attempt was sullied from the start by inclement weather – primarily wind shear – that significantly hampered the accuracy of each fairing halve’s parafoil guidance, meaning that Mr Steven’s crew did see the parasailing halves touch down, but too far away to catch them in Mr Steven’s large net. Falcon 9 B1048 had its own difficulties thanks to what engineer and webcast host John Insprucker described as “the worst weather [SpaceX] has ever had” for a Falcon booster landing. Nevertheless, Falcon 9 appeared to stick an off-center but plenty accurate landing aboard drone ship JRTI, although SpaceX technicians are likely going to wish they had the same robotic stage securer located aboard OCISLY on the opposite coast.
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- Just a hint of fog at liftoff. (SpaceX)
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- Onboard cameras thankfully came in clutch, providing an absolutely extraordinary view of most phases of launch. (SpaceX)
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- After MECO and S2 ignition, there were some ethereal plume interaction effects caught on Falcon 9’s onboard cameras. (SpaceX)
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- Also Earth’s limb from inside B1048’s interstage. (SpaceX)
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- And more unbelievable plume interaction… (SpaceX)
Just Read The Instructions, on the other hand, was similarly tracked but primarily to verify that nothing was happening – the vessel’s last operational trip to the Pacific Ocean dates back to the first half of October 2017. Since then, SpaceX began a process of intentionally expending Falcon 9 boosters that had already flown once before, choosing to essentially start from scratch with a fresh fleet of highly reliable and reusable Falcon 9 Block 5 boosters rather than recover older versions of the rocket and attempt to refurbish them beyond the scope of their designed lifespans.
The Block 5 design, however, has taken the countless lessons-learned from flying and reflying previous versions of Falcon 9 and rolled them all into one (relatively) final iteration of the ever-changing rocket. With any luck and at least a little more iteration, Falcon 9 Block 5 boosters should be capable of launching anywhere from 10 to 100 times, 10 times with minimal or no refurbishment and 100 times with more regular maintenance, much like high-performance jet aircraft do today.
Looks good, but so many details need to be right. Journey back from hypersonic becomes extremely difficult as velocity increases. Altitude is easy, velocity is hard.
— Elon Musk (@elonmusk) July 23, 2018
With three successful launches of new Block 5 boosters now under the new version’s belt, it’s safe to say that the rocket is off to an extremely good start. The most important milestones to watch for over the next several weeks and months will be the first reflight of a recovered Block 5 rocket, the first reuse of a Falcon 9 payload fairing, and then the first third/fourth/fifth/etc. reuse of Block 5 booster. On the horizon, of course, is SpaceX CEO Elon Musk’s challenge to launch a Falcon 9 Block 5 booster two times in less than 24 hours, and do so before the end of 2019.
2018: I’m watching a livestream of a rocket sending satellites to orbit and then landing on a droneship in the ocean — while watching the company’s other droneship return to port with a rocket that did the same thing on the opposite side of the country three days ago. pic.twitter.com/wWA8ZCBAeY
— John Kraus (@johnkrausphotos) July 25, 2018
Roughly 3,000 miles to the East, SpaceX’s just-recovered Florida Block 5 booster wrapped up a picture-perfect arrival in Port Canaveral aboard drone ship Of Course I Still Love You at the exact same time as another Block 5 rocket was launching (and landing) on the opposite coast.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven), check out our brand new LaunchPad and LandingZone newsletters!
In the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
The Tesla Model 3’s cheapest trim level just got a major accolade, as Edmunds just revealed the Rear-Wheel-Drive trim of the all-electric sedan is the most efficient EV that is currently in production.
The 2026 Tesla Model 3 Rear-Wheel-Drive not only beat its EPA-estimated range by 30 miles, but it also bested its efficiency mark by 13.2 percent. The Model 3 tested by Edmunds traveled 393 miles, beating its EPA rating by 8.3 percent, while it returned 21.7 kWh per 100 miles, or 4.61 mi/kWh.
Beating those two metrics is especially pertinent when it comes to EV ownership and driving down the cost of ownership from ICE counterparts across the board. The real money savings come from driving down the cost of driving per mile, especially when it comes to high-mileage driving.
Edmunds stated in its report and review that the process it uses to test EV efficiency is aimed at giving “the most accurate representation of a car’s real-world range.” The assessment uses a strict route that features 60 percent city and 40 percent highway driving, and an average speed of 40 MPH across the trip.
It also drives each car within 5 MPH of all posted speed limits, and the climate control is set on Auto at 72 degrees to ensure even testing. In other words, Edmunds does not use methods to maximize efficiency, and instead tries to make it reasonable to achieve the same ratings yourself.
In comparison to other EVs, it beat the 2026 Mercedes-Benz CLA 350, which went 385 miles, as well as the 2026 Audi A6 Sportback E-tron Prestige AWD, which traveled 392 miles. Only the Mercedes-Benz CLA 250+ traveled farther, making it an impressive 434 miles on a charge.
However, the Tesla Model 3 RWD’s efficiency is “unmatched” because of its incredibly low energy usage per mile.
🚨 Tesla Model 3 RWD:
-At $36,990, it is $9,000 cheaper than the average transaction price for a new car ($46,023 via KBB)
-Was 13.2% more efficient than its EPA estimate
-Traveled 393 miles on a charge despite its 363-mile EPA range https://t.co/Grov2hXqpa pic.twitter.com/Zl8rnZZLIB
— TESLARATI (@Teslarati) June 8, 2026
The Model 3 Rear-Wheel-Drive might be the best bang-for-your-buck EV if you’re looking to buy new and want access to features like Full Self-Driving, while also being aware of efficiency. This trim of the Model 3 is also priced over $9,000 cheaper than what Kelley Blue Book says the average transactional price for a new car was in May 2026, which sits at $46,023.
If you’re looking for something with more speed, an All-Wheel-Drive drivetrain, or more premium features, the Premium trims of the Model 3 currently come with one year of Free Supercharging.
The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.
According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.
At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.
The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.
SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.
Important pieces moving forward include:
- Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
- Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
- AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
- Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.
The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.
For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.
For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.
All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.
Tesla tipped its hand at where Robotaxi is heading next
Tesla Model 3’s cheapest trim just got a major accolade
