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
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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!
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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.”
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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.
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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.
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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.
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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
