News
SpaceX on track for US Air Force Falcon 9 mission later this year
Reading between the lines, the US Air Force has effectively confirmed that GPS III Space Vehicle 03 (SV03) – the third GPS III satellite built by Lockheed Martin – is ready for launch aboard a SpaceX Falcon 9 rocket, scheduled no earlier than December 2019.
In December 2018, SpaceX successfully launched the first GPS III spacecraft aboard an expendable Falcon 9 Block 5 rocket, kicking off a launch campaign – shared between SpaceX and ULA – that will likely last until 2023 or 2024. Thus far, ULA has won a single GPS III launch contract, scheduled for July 2019, while SpaceX has won three (with options for two more). Thanks to competition forcefully reintroduced by a 2014 SpaceX lawsuit, the USAF – and thus US taxpayers – are likely saving a minimum of $50M per GPS III launch.
In late 2018, SpaceX’s closer followers were surprised to discover that brand new Falcon 9 Block 5 booster B1054 – the first to be officially certified for a critical operational military launch – was to be expended, making no attempt to land. This was confusing for several reasons.
“If Falcon 9 [was to be] expended solely because of mission performance requirements, despite the oddly low payload mass (~3800 kg) and comparatively low-energy orbit (~20,000 km), the only possible explanation for no attempted recovery would be the need for Falcon 9’s upper stage to circularize the orbit after a long coast. However, the mission parameters the USAF shopped around for would have placed the GPS III satellite into an elliptical orbit of 1000 km by 20,181 km, an orbit that would almost without a doubt leave Falcon 9 with enough propellant for a drone ship recovery.”
— Teslarati.com, December 2018
As it turns out, there was, in fact, nothing unique about the elliptical, medium-energy orbit GPS III SV01 was placed in. According to external analysis of the Falcon 9 upper stage’s final deorbit activities, SpaceX had “plenty of extra performance available”, objectively indicating that that excess performance was intentionally removed from booster B1054 at the cost of its ability to land. The (unconfirmed) reason for this is quite simple: the US Air Force chose extreme – perhaps even excessive – caution to account for the minute chance that myriad failures might happen mid-launch.
To sacrifice, or not to sacrifice
According to a USAF statement made in mid-May, GPS III Space Vehicle 03 (SV03) has been officially classed as “available for launch”, jargon that means the satellite is fully assembled and has successfully completed extensive pre-launch testing. For SpaceX’s inaugural GPS III launch (SV01), a pathfinder that carried unique wait and likely took additional processing time, SpaceX and the USAF took roughly five months to go from shipping the satellite to Florida to going vertical atop Falcon 9. More likely than not, GPS III SV03 has already begun to be prepared for transport from California to Florida, meaning that SV03 is roughly 1-2 months ahead of the schedule SV01 followed ahead of its Falcon 9 launch debut.
So: the GPS III satellite is ready for launch. The next critical milestones will be the satellite’s transport to Florida and SpaceX’s completion of the mission’s USAF-grade Falcon 9. B1054’s technically unnecessary sacrifice thus raises a question for SpaceX’s next GPS III launch, currently scheduled no earlier than December 2018: will another fresh Falcon 9 Block 5 booster be sacrificed to the gods of Obsessively Cautious Margins?
The optimist in me wants to say, “Of course!” With GPS III SV01, SpaceX perfectly demonstrated Falcon 9’s performance and permitted the USAF the luxury of expending a brand new Falcon 9 booster to satisfy the customer’s desire for extremely cautious margins. The Falcon 9 upper stage’s luxuriously expensive (in terms of delta V) deorbit burns – performed after a several-hour cost in orbit – served as another definitive demonstration of the rocket’s intentionally underutilized performance. Having demonstrated a flawless launch with margins on margins, it seems reasonable that the US Air Force would permit SpaceX the freedom to recover Falcon 9 B105x after launching GPS III SV03.
On the other hand, the USAF and Department of Defense are not exactly known for their rational, evidence-based strategies of decision-making and procurement. As such, it’s safe to say that – without official info from SpaceX or the USAF – the answer to the question of whether SpaceX will need to continue expending valuable boosters for GPS launches is entirely up in the air – call it a 50-50 split.
In the meantime, GPS III SV03’s Falcon 9 booster is likely several months away from shipping off to SpaceX’s McGregor, Texas facilities for static fire testing. Up next for SpaceX is a critical Falcon Heavy launch that could secure the rocket’s certification for US military launches, become the first USAF mission to utilize flight-proven SpaceX boosters, and pave the way for the USAF to develop a dedicated certification process for launching on commercially-developed reusable rockets.
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Tesla has launched a new solution to a rare but relevant Supercharger problem with a new Virtual Waitlist, a remedy that will solve sequencing confusion when there is a line to charge at one of the company’s locations.
Teslarati reported on what we called the Virtual Queue last month. In rare occurrences, there were physical altercations at Superchargers when someone might have cut in line to charge. Tesla started to develop some sort of system that would resolve this issue, and now it is finally rolling it out.
Tesla launches solution to end Supercharger fights once and for all
It will start with a Pilot Program, and Tesla is calling it the ‘Waitlist.’
Announced on May 11 on the official TeslaCharging X account, the pilot program is currently active at sites in Los Gatos, Mountain View, and San Francisco in California, as well as San Jose, CA, and the Bronx, NY (East Gun Hill Road). Drivers are encouraged to share feedback directly through the Tesla app to refine the system before a potential broader rollout.
We’re now testing a new waitlist feature at 5 Supercharger sites. Share feedback through the Tesla app to help us make it better.
– Los Gatos, CA – Los Gatos Boulevard
– Mountain View, CA – El Monte Avenue
– San Francisco, CA – Lombard Street
– San Jose, CA – Saratoga Avenue
-… pic.twitter.com/epTVzpJxgW— Tesla Charging (@TeslaCharging) May 11, 2026
Tesla released the video above to showcase the feature, which automatically joins the waitlist when your vehicle has the Supercharger with the wait as the destination in the navigation. There is also a notification that lets you know your place in line.
In this specific example, the video shows that the wait is less than five minutes, and that there are two cars ahead of the one in the video:
Credit: Tesla
Having a wait at a Supercharger is relatively rare, but it does happen. It is even more frequent now that there are more EVs allowed to use the Supercharger Network. Those non-Tesla EVs can also join the queue, as Tesla added in its social media release of the pilot program that they can join the waitlist using the Tesla app.
The release of this program should help alleviate the rare risk of incidents at Superchargers. Tesla will expand this program as it sees fit, and it gathers valuable data and reviews from users.
Investor's Corner
Tesla Optimus is already benefiting investors, top Wall Street firm says
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Tesla Optimus is already benefiting investors from a fiscal standpoint, at least that is what Alexander Potter at Piper Sandler, a top Wall Street firm covering the company, says.
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Analyst Alexander Potter, in the firm’s latest “Definitive Guide to Investing in Tesla,” built a comprehensive framework covering 17 separate product lines.
This granular approach values Tesla’s core businesses—including electric vehicles, energy storage, Full Self-Driving (FSD) software, in-house insurance, Supercharging network, and a standalone robotaxi operation—at approximately $400 per share, without assigning any value to Optimus or related inference-as-a-service opportunities.
“At $400/share, we think investors can buy Optimus for ‘free,’” Potter stated in the note. Piper Sandler maintained its Overweight rating on Tesla shares and a $500 price target, which implicitly attributes roughly $100 per share to the robot-related businesses— a figure the analyst views as potentially conservative.
The updated model incorporates elements often overlooked by other sell-side analysts, such as detailed forecasts for Tesla’s insurance operations, Supercharger revenue, and a distinct valuation for the robotaxi business separate from FSD software licensing. It also accounts for Tesla’s 2025 CEO compensation plan for the first time.
Potter acknowledged that his estimates for 2026 and 2027 fall below Wall Street consensus, citing factors like declining deliveries from certain discontinued models and reduced regulatory credit income.
However, he expressed limited concern, noting that traditional vehicle delivery metrics are expected to matter less over time as FSD subscriber growth and robotaxi deployment metrics gain prominence. On Optimus specifically, Potter suggested the humanoid robot program, combined with inference services, “arguably will be worth more than Tesla’s other businesses combined,” though the firm has not yet produced formal long-term forecasts for these segments.
Tesla shares have traded near the $400 range in recent sessions, reflecting ongoing investor focus on the company’s autonomous driving progress and expansion into robotics and AI. The Optimus project remains in early development stages, with Tesla aiming to deploy the robots initially for internal factory tasks before broader commercial applications.
This Piper Sandler analysis highlights the growing emphasis among some investors and analysts on Tesla’s long-term technology platform potential beyond its current automotive and energy businesses.
As with any forward-looking valuation, outcomes will depend on execution timelines, technological breakthroughs, regulatory approvals for autonomous systems, and market adoption of humanoid robotics—areas that carry significant uncertainty and execution risk.
The note underscores a common theme in Tesla coverage: differing views on how to quantify emerging high-growth opportunities like robotics within the company’s overall enterprise value. Investors are advised to consider their own risk tolerance and conduct thorough due diligence regarding these speculative elements.
News
Tesla Giga Texas buzzing as new Cybertruck appears to enter production
Additionally, the Cybercab manufacturing ramp-up is continuing amidst Tesla’s busy May, which includes a handful of things from an automotive perspective.
Tesla Giga Texas is buzzing with a lot of action, as it appears the new Cybertruck trim that was offered a few months back has entered production. Additionally, the Cybercab manufacturing ramp-up is continuing amidst Tesla’s busy May, which includes a handful of things from an automotive perspective.
Drone operator Joe Tegtmeyer captured striking footage over Giga Texas on the morning of May 11, 2026, revealing fresh batches of Cybertrucks that may mark the start of series production for the long-awaited $59,990 Dual Motor AWD variant.
Tesla launches new Cybertruck trim with more features than ever for a low price
The vehicles lined up in staging areas, and we got a great look at three of the units parked on the property:
Hard to say for sure, but production of the $59K AWD @Cybertruck may be just getting started here on this early and soggy morning at Giga Texas … this version is much harder to visually distinguish from the premium AWD versions, so I’ll come back on Wednesday and we’ll see if… pic.twitter.com/UX7yCQpgeC
— Joe Tegtmeyer 🚀 🤠🛸😎 (@JoeTegtmeyer) May 11, 2026
Tegtmeyer notes the difficulty in visually distinguishing this base AWD model from higher-trim versions, unlike the earlier Long-Range RWD that lacked a motorized tonneau cover.
Tesla launched the $59,990 Dual Motor AWD Cybertruck in late February 2026 with a brief introductory pricing window that closed by month’s end.
Initial U.S. delivery estimates of June 2026 quickly slipped to September–October and, for newer orders, as far as April 2027.
The move underscores robust consumer interest in a more accessible all-wheel-drive Cybertruck priced under $60,000 before incentives—positioning it as a volume play for Tesla’s electric pickup lineup while premium AWD and Cyberbeast variants continue to be sold as usual.
Meanwhile, Cybercab production at the same Austin facility shows steady, if deliberate, progress. Tegtmeyer’s latest flyover documented dozens of glossy production-spec Cybercabs parked in the outbound lot—consistent with Tesla’s early statements that initial output would remain modest before scaling later in 2026.
The purpose-built robotaxi, unveiled in 2024 and lacking a steering wheel or pedals, rolled its first unit off the line in February. Volume manufacturing began in April, with early examples already undergoing autonomous testing around the factory grounds.
Elon Musk has repeatedly emphasized that Cybercab and Semi production will start slowly before ramping “exponentially” toward year-end. The presence of multiple finished units signals Tesla’s Unboxed manufacturing process is maturing, even as the company balances Cybertruck output with autonomy milestones.
Recent drone imagery also shows ongoing construction for Optimus and test-track expansions, highlighting Giga Texas’s evolving role as Tesla’s hub for next-generation vehicles.
For Cybertruck buyers, the potential ramp of the $59K AWD offers hope of shorter waits and broader market access. For autonomy enthusiasts, the growing fleet of Cybercabs hints at robotaxi service trials on the horizon.
While official confirmation from Tesla remains pending, Tegtmeyer’s footage provides the clearest public signal yet that both programs are advancing in parallel at Giga Texas.
Tesla launches its solution to rare but relevant Supercharger problem
Tesla Optimus is already benefiting investors, top Wall Street firm says
