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SpaceX’s Falcon 9 sticks foggy booster recovery at California landing zone
Update: SpaceX has successfully wrapped up the Radarsat Constellation Mission, likely its last launch from Vandenberg Air Force Base for six to nine months. Supporting its second mission, Falcon 9 booster B1051 completed a flawless launch and landing, returning to SpaceX’s pad-adjacent LZ-4 landing zone after a gentle, (relatively) low-velocity reentry at ~1.6 km/s (3700 mph).
Sadly, the sun was unable to beat back Vandenberg’s iconic fog layer and it’s unlikely that remote cameras (even including SpaceX’s own on-pad webcast cameras) captured anything more than gray fog. According to Teslarati’s photographers, the sonic booms produced by the returning Falcon 9 booster were as spectacular as ever, though.
Despite more than seven months of delays, the Canadian Space Agency (CSA) can finally rest now that all three Radarsat Constellation spacecraft are safely in orbit, completing what is arguably the most arduous leg of most spacecraft journeys. Valued at more than $1 billion, SpaceX has also successfully launched its most expensive payload by a large margin, adding to Falcon 9’s increasingly impressive record of reliability.
SpaceX is just hours away from its sixth Falcon 9 launch of 2019, likely the company’s last Vandenberg Air Force Base (VAFB) mission for the rest of the year (and possibly longer).
Flight proven Falcon 9 booster B1051.1 has been assigned to the launch and will attempt to return to SpaceX’s LZ-4 landing zone after sending Canada’s Radarsat Constellation Mission (RCM) on its way to orbit. Likely weighing approximately 5000 kg (11,000 lb), RCM is comprised of a trio of Earth observation spacecraft with large surface-scanning radars as their primary payloads. At a cost of more than $1 billion, RCM will be the most expensive payload SpaceX has ever attempted to launch. Falcon 9 has a 13-minute window for launch but liftoff is scheduled to occur at 7:17 am PDT (14:17 UTC) on Wednesday, June 12th.
As it stands, Falcon 9’s RCM launch will last just over one hour from start to finish. B1051 will separate from Falcon 9’s upper stage, fairing, and payload and perform a return-to-launch-site (RTLS) recovery, landing at SpaceX’s LZ-4 pad less than eight minutes after liftoff.
LZ-4 sits barely a quarter of a mile away from SLC-4E, the SpaceX-leased pad that B1051.1 will lift off from. Sadly, B1051 is unlikely to remain at SLC-4 after its (hopefully successful) landing at LZ-4 due to the fact that SpaceX has no public missions scheduled to launch from VAFB until Q1 2020 at the earliest. In fact, SpaceX is reportedly planning major organizational changes – set to begin soon after this launch is complete. As such, RCM could be SpaceX’s last launch from California for at least the next six months, a period of downtime that could easily grow to a year or more if tenuous 2020 launch dates suffer payload-side delays.
SpaceX currently has three launches scheduled from its Vandenberg pad in 2020, although one, two, or even all three could easily slip into 2021 based on the limited information available about the payloads in question. In 2021, SpaceX has a fairly busy VAFB manifest of at least six possible launches – possibly more if 2020 missions slip.
Regardless, RCM will be a good temporary send-off to SpaceX’s launch activity in California. Press photographers – unaffiliated with SpaceX – will have the first opportunity ever to remotely capture images of a Falcon 9 booster landing in daylight. Additionally, weather permitting, Vandenberg Air Force Base makes for an exceptionally beautiful venue for rocket launches thanks to the vistas and setting offered by Northern California and the Pacific Ocean.
Current forecasts suggest that the traditional fog layer will begin to clear at 7am local time, around the same time that SpaceX’s RCM webcast will kick off. With any luck, the photographers’ remote cameras will be greeted by a clear Pacific morning come liftoff.
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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.”
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
