News
SpaceX set to end longest gap between Falcon launches in two years
NASA has confirmed that SpaceX’s next Falcon 9 launch is now scheduled to occur no earlier than 3:37 am EDT (07:37 UTC) on Saturday, August 28th.
Known as CRS-23, the cargo resupply mission to the International Space Station (ISS) is noteworthy for two major reasons. Most importantly, CRS-23 will mark SpaceX’s first-ever reuse of an upgraded Cargo Dragon 2 spacecraft. Simultaneously, that reuse milestone will coincide with another when SpaceX smashes its internal record for orbital spacecraft turnaround later this month.
Second, much to the surprise of virtually everyone watching from the sidelines, SpaceX’s last launch occurred on June 30th – in the first half of 2021. One step removed from the mission’s technical specifics, CRS-23 will, in other words, also be SpaceX’s first launch in almost two months – a gap not seen in two years.
The last time SpaceX went two or more months between launches was in August 2019, when the company took a more than three-month hiatus for unknown reasons. Prior to that unexpected pause, the only other times in the last half-decade that SpaceX has stopped launching for more than a handful of weeks was after catastrophic Falcon 9 launch and static fire failures in June 2015 and September 2016 – both of which took 4-6 months to recover from.
In other words, long gaps between SpaceX launches are both rare and, on average, against the company’s will. Most recently, there were some signs that the military-run Florida launch range was down for most of July 2021 to complete routine maintenance. However, per Boeing’s second uncrewed Starliner flight test tracking towards a mid-August launch before that mission was scrubbed indefinitely, the range clearly reopened sometime earlier this month. After completing a spectacular 20 orbital Falcon 9 launches in the first half of the year, though, the second half of 2021 has been exactly the opposite for SpaceX.
Given reports that CEO Elon Musk ordered a temporary mass-emigration of hundreds of SpaceX employees at other facilities to the company’s Boca Chica, Texas “Starbase,” it’s possible that Musk is effectively sacrificing a sustained Starlink launch cadence to expedite Starship’s path to orbit. However, anything beyond the simple fact that SpaceX hasn’t launched since June 30th is speculation. Ultimately, CRS-23 is on track to be SpaceX’s first orbital launch in 59 days.
As for CRS-23, the mission will see SpaceX reuse its upgraded Crew Dragon-derived Cargo Dragon 2 spacecraft for the first time. Known as C208, the Dragon 2 capsule in question debuted in December 2020 and safely returned from orbit to Earth almost 40 days later on January 14th, 2021. Now, at least according to one of the traditional mission patches created for CRS-23, Cargo Dragon capsule C208 is scheduled to launch to orbit again less than eight months later – potentially smashing the record for Dragon capsule turnaround by 102 days (>30%).
At ~226 days from orbital reentry and splashdown to its next orbital launch, Dragon 2 capsule C208’s CRS-23 reuse will be almost twice as fast as the fastest Dragon 1 capsule reuse (418 days), demonstrating what SpaceX has described as significant improvements in reusability.
Elon Musk
SpaceX issues statement on Starship V3 Booster 18 anomaly
The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX has issued an initial statement about Starship Booster 18’s anomaly early Friday. The incident unfolded during gas-system pressure testing at the company’s Massey facility in Starbase, Texas.
SpaceX’s initial comment
As per SpaceX in a post on its official account on social media platform X, Booster 18 was undergoing gas system pressure tests when the anomaly happened. Despite the nature of the incident, the company emphasized that no propellant was loaded, no engines were installed, and personnel were kept at a safe distance from the booster, resulting in zero injuries.
“Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site,” SpaceX wrote in its post on X.
Incident and aftermath
Livestream footage from LabPadre showed Booster 18’s lower half crumpling around the liquid oxygen tank area at approximately 4:04 a.m. CT. Subsequent images posted by on-site observers revealed extensive deformation across the booster’s lower structure. Needless to say, spaceflight observers have noted that Booster 18 would likely be a complete loss due to its anomaly.
Booster 18 had rolled out only a day earlier and was one of the first vehicles in the Starship V3 program. The V3 series incorporates structural reinforcements and reliability upgrades intended to prepare Starship for rapid-reuse testing and eventual tower-catch operations. Elon Musk has been optimistic about Starship V3, previously noting on X that the spacecraft might be able to complete initial missions to Mars.
Investor's Corner
Tesla analyst maintains $500 PT, says FSD drives better than humans now
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Tesla (NASDAQ:TSLA) received fresh support from Piper Sandler this week after analysts toured the Fremont Factory and tested the company’s latest Full Self-Driving software. The firm reaffirmed its $500 price target, stating that FSD V14 delivered a notably smooth robotaxi demonstration and may already perform at levels comparable to, if not better than, average human drivers.
The team also met with Tesla leaders for more than an hour to discuss autonomy, chip development, and upcoming deployment plans.
Analysts highlight autonomy progress
During more than 75 minutes of focused discussions, analysts reportedly focused on FSD v14’s updates. Piper Sandler’s team pointed to meaningful strides in perception, object handling, and overall ride smoothness during the robotaxi demo.
The visit also included discussions on updates to Tesla’s in-house chip initiatives, its Optimus program, and the growth of the company’s battery storage business. Analysts noted that Tesla continues refining cost structures and capital expenditure expectations, which are key elements in future margin recovery, as noted in a Yahoo Finance report.
Analyst Alexander Potter noted that “we think FSD is a truly impressive product that is (probably) already better at driving than the average American.” This conclusion was strengthened by what he described as a “flawless robotaxi ride to the hotel.”
Street targets diverge on TSLA
While Piper Sandler stands by its $500 target, it is not the highest estimate on the Street. Wedbush, for one, has a $600 per share price target for TSLA stock.
Other institutions have also weighed in on TSLA stock as of late. HSBC reiterated a Reduce rating with a $131 target, citing a gap between earnings fundamentals and the company’s market value. By contrast, TD Cowen maintained a Buy rating and a $509 target, pointing to strong autonomous driving demonstrations in Austin and the pace of software-driven improvements.
Stifel analysts also lifted their price target for Tesla to $508 per share over the company’s ongoing robotaxi and FSD programs.
Elon Musk
SpaceX Starship Version 3 booster crumples in early testing
Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
SpaceX’s new Starship first-stage booster, Booster 18, suffered major damage early Friday during its first round of testing in Starbase, Texas, just one day after rolling out of the factory.
Based on videos of the incident, the lower section of the rocket booster appeared to crumple during a pressurization test. Photos of the incident’s aftermath suggest that Booster 18 will likely be retired.
Booster test failure
SpaceX began structural and propellant-system verification tests on Booster 18 Thursday night at the Massey’s Test Site, only a few miles from Starbase’s production facilities, as noted in an Ars Technica report. At 4:04 a.m. CT on Friday, a livestream from LabPadre Space captured the booster’s lower half experiencing a sudden destructive event around its liquid oxygen tank section. Post-incident images, shared on X by @StarshipGazer, showed notable deformation in the booster’s lower structure.
Neither SpaceX nor Elon Musk had commented as of Friday morning, but the vehicle’s condition suggests it is likely a complete loss. This is quite unfortunate, as Booster 18 is already part of the Starship V3 program, which includes design fixes and upgrades intended to improve reliability. While SpaceX maintains a rather rapid Starship production line in Starbase, Booster 18 was generally expected to validate the improvements implemented in the V3 program.
Tight deadlines
SpaceX needs Starship boosters and upper stages to begin demonstrating rapid reuse, tower catches, and early operational Starlink missions over the next two years. More critically, NASA’s Artemis program depends on an on-orbit refueling test in the second half of 2026, a requirement for the vehicle’s expected crewed lunar landing around 2028.
While SpaceX is known for diagnosing failures quickly and returning to testing at unmatched speed, losing the newest-generation booster at the very start of its campaign highlights the immense challenge involved in scaling Starship into a reliable, high-cadence launch system. SpaceX, however, is known for getting things done quickly, so it would not be a surprise if the company manages to figure out what happened to Booster 18 in the near future.
SpaceX issues statement on Starship V3 Booster 18 anomaly
Tesla analyst maintains $500 PT, says FSD drives better than humans now
