News
SpaceX reveals Falcon fairing recovery progress as Mr. Steven barely misses catch
SpaceX has offered an extraordinary glimpse into a stealthy program of Falcon fairing recovery research and development, which has utilized drop tests and iterative hardware and software upgrades to inch ever closer to fairing reuse over the last 6-9 months.
Short of a small handful of sparse comments made by executives in 2018, this is the first time SpaceX has officially acknowledged its continued attempts to optimize Falcon fairing recovery in the face of a number of missed post-launch catches. Given that the pictured fairing was so close to a successful landing that its parafoil actually became caught in Mr. Steven’s net, it seems that SpaceX has nearly solved the problems that have thus far prevented program success.
Recent fairing recovery test with Mr. Steven. So close! pic.twitter.com/DFSCfBnM0Y
— SpaceX (@SpaceX) January 8, 2019
In the last six months of 2018, SpaceX has continued to tease its slow progress towards reusable Falcon fairings, originally planned to depend on a truly bizarre solution – Mr. Steven. An impressive vessel on its own, SpaceX has gradually added and extended and upgraded a range of recovery hardware on his deck, most notably including a vast net (likely tens of thousands of square feet or 2000+ square meters) supported by four huge arms and eight supporting booms. Despite increasing the usable area of the net, SpaceX has been unable to secure an operational fairing catch since it began attempts in March 2018.
In late May 2018, SpaceX provided the best look yet at the actual process of recovering Falcon fairings, showing off the guided parafoil (a wing-like parachute) and revealing that a fairing half – launched in support of Iridium-6/GRACE-FO – had splashed down just 50 meters (~165 ft) away from Mr. Steven’s net.
Falcon 9 fairing halves deployed their parafoils and splashed down in the Pacific Ocean last week after the launch of Iridium-6/GRACE-FO. Closest half was ~50m from SpaceX’s recovery ship, Mr. Steven. https://t.co/JS7d5zTdIg pic.twitter.com/LjiTwnB4wd
— SpaceX (@SpaceX) May 31, 2018
However, in the months that followed, info about catch attempts became increasingly sparse and it eventually became clear that SpaceX was preparing to perform a range of controlled drop tests a few hundred miles off the coast of California. Ultimately, the company’s engineers and technicians hoped to use the controlled environment and a greater number of available drop/catch attempts to refine the hardware and software needed to finesse fairing halves into Mr. Steven’s net.
It may be almost absurdly large relative to any other conceivable thing that exists in the real world, but a few thousand square meters is actually more like a needle in a haystack for a piece of rocket traversing a 500-800 km arc at top speeds of more than 2 km/s.
- Mr. Steven seen after his most recent December 2018 drop and catch test. (Pauline Acalin)
- After an audible “3..2..1”, a sharp noise much like compressed gas being released was followed by a clang as the harness dropped. (Pauline Acalin)
- SpaceX’s fairing recovery fleet technicians were seen performing a bit of an unexpected ride aboard a Falcon 9 fairing half on September 19th. (Pauline Acalin)
In December 2018, following another sadly unsuccessful fairing recovery attempt on the West Coast, SpaceX CEO Elon Musk revealed that engineers were also apparently looking into backup plans in case closing that last 50-meter gap turned out to be more expensive or complicated than it was worth. Most notably, he implied that SpaceX was interested in finding ways to waterproof and ultimately refly Falcon fairings even after soft-landings in seawater, whereas fairings are already capable of reliably landing intact in the ocean but cannot be reused due to seawater contamination and cracking caused by impact.
Falcon fairing halves missed the net, but touched down softly in the water. Mr Steven is picking them up. Plan is to dry them out & launch again. Nothing wrong with a little swim.
— Elon Musk (@elonmusk) December 3, 2018
Given just how close Mr. Steven appears to be to a successful in-net fairing recovery, it now seems implausible that SpaceX will choose just one of the two options at hand, likely instead progressing both development programs to points of success. Once fairings can both be successfully waterproofed and caught in Mr. Steven’s net, SpaceX will almost certainly have itself a foolproof solution to easy and reliable recovery and reuse even in bad sea states and stormy weather.
With the company’s first launch of 2019 probably just a few days away, chances seem good that SpaceX will attempt at least one more post-launch fairing recovery with Mr. Steven. Fingers crossed!
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
News
Tesla ‘Killer’ heads to the graveyard as AFEELA taps out
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
There have been many Tesla “Killers” over the years, all of which have either failed to dethrone the automaker from its dominance in the United States, or even make it to the market altogether.
The Sony Honda Mobility (SHM) project, known as AFEELA, is the latest to make it to the grave, as the company announced its intentions to abandon the project earlier this week, Bloomberg reported.
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
🚗 Tesla Killers Graveyard:
Sony-Honda AFEELA
The sleek, AI-packed luxury sedan with PlayStation integration. Officially cancelled in March 2026 after Honda scaled back its EV plans.Fisker Ocean
Stylish SUV with solar roof promises. Company filed for bankruptcy in 2024 amid… https://t.co/Om14UhISOy— TESLARATI (@Teslarati) March 26, 2026
The decision follows Honda’s March 12 reassessment of its electrification strategy, which scrapped several upcoming EV programs amid slowing demand, high costs, and shifting market conditions.
SHM stated that it could no longer rely on key Honda technologies and manufacturing assets, leaving “no viable path forward.” Reservation fees for early buyers in California are being fully refunded, and the joint venture’s future is now under review.
Launched with fanfare in 2022, the AFEELA was positioned as a tech-forward premium EV blending Honda’s engineering reliability with Sony’s entertainment and AI expertise.
Prototypes featured advanced autonomous driving systems, immersive in-cabin displays, and even PlayStation integration, earning it early media labels as a potential “Tesla Killer.”
Priced around $90,000, the sedan was slated for limited production at Honda’s Ohio plant with deliveries targeted for late 2026. Industry watchers saw it as a serious challenger to Tesla’s dominance in software, connectivity, and premium appeal.
Yet, like many ambitious EV projects, it fell victim to broader industry headwinds: softening consumer demand, persistent high interest rates, and intense competition from established players.
The AFEELA joins a long list of vehicles once hyped as “Tesla Killers” that failed to deliver. In the late 2010s, Fisker’s second act, the Ocean SUV, promised stylish design and solid-state battery tech but collapsed into bankruptcy in 2024 after production delays, quality issues, and financial shortfalls.
Faraday Future poured billions into the FF 91 luxury sedan, touting it as a hyper-tech rival with unmatched performance and features; the company delivered fewer than 100 vehicles before fading into obscurity.
Lordstown Motors’ Endurance electric pickup generated massive pre-order buzz and Wall Street excitement but imploded after exaggerated range claims, a factory sale, and eventual bankruptcy.
Even Lucid Motors’ Air sedan, frequently called a Tesla slayer for its superior range and luxury, has struggled with sluggish sales and missed growth targets despite strong reviews.
Rivian’s R1T and R1S trucks enjoyed similar early acclaim and a blockbuster IPO, yet production ramp-up challenges and profitability woes have prevented it from dethroning Tesla.
The AFEELA’s quiet demise underscores a harsh reality in the EV sector. While Tesla’s first-mover advantage in software, charging infrastructure, and brand loyalty remains formidable, legacy automakers and tech newcomers alike continue to underestimate the complexities of scaling affordable, desirable electric vehicles.
As market realities force tough choices, the graveyard of “Tesla Killers” grows longer, another reminder that innovation alone is rarely enough to topple an established leader.
Elon Musk
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
Time Magazine honors Gwynne Shotwell as SpaceX reaches a $1.25 trillion valuation and eyes its IPO.
TIME Magazine has put SpaceX President and COO Gwynne Shotwell on its cover, and the timing could not be more fitting. Published today, the profile of Shotwell arrives at a moment when the company she has quietly run for more than two decades stands at the center of the most consequential developments in aerospace, artificial intelligence, and the future of human civilization.
Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX’s February 2026 merger with Elon Musk’s artificial intelligence company, a deal that made SpaceX the world’s most valuable private company at a reported valuation of $1.25 trillion. A highly anticipated IPO is expected in the second quarter of 2026.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Her track record is historic. She oversaw the first landing of an orbital rocket’s first stage, the first reuse and re-landing of an orbital booster, and the first private crewed launch to Earth orbit in May 2020. She built the Falcon launch manifest from nothing to more than 170 contracted missions representing over $20 billion in business. Under her operational leadership, SpaceX completed 96 successful missions in 2023 alone and has now flown more than 20 crewed Falcon 9 missions. Starlink, which she championed as a financial pillar of the company long before it was a mainstream topic, now connects tens of millions of users worldwide and provided a critical communications lifeline to Ukraine following the 2022 invasion.
Elon Musk has never been shy about what Shotwell means to him and to SpaceX. When she shared her vision for worldwide internet connectivity through Starlink, Musk responded on X with a simple statement, “Gwynne is awesome.” It is a sentiment that has been echoed across the industry. NASA Administrator Bill Nelson once said of Musk: “One of the most important decisions he made, as a matter of fact, is he picked a president named Gwynne Shotwell. She runs SpaceX. She is excellent.”
Gwynne is awesome https://t.co/tiXtMWJmPE
— Elon Musk (@elonmusk) September 28, 2024
Now, with Starship targeting its first crewed lunar landing under the Artemis program by 2028, an xAI integration underway, and a pending IPO that could reshape capital markets, Shotwell’s mandate has never been larger. She told Time that 18 Starships are already in various stages of construction at Starbase. “By 2028,” she said, gesturing across the factory floor, “these should be long gone. They better have flown by then.” If Shotwell’s history at SpaceX is any guide, they will.
Elon Musk
SpaceX’s IPO might arrive sooner than you think
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
Elon Musk’s SpaceX is on the verge of one of the most anticipated Initial Public Offerings (IPO) in history.
However, a new report from The Information indicates the rocket and satellite giant is aiming to file its IPO prospectus with U.S. regulators as soon as this week, or early next week at the latest.
People familiar with the plans told The Information that advisers involved in the process expect the IPO could raise more than 75 billion dollars, potentially making it the largest stock market debut ever and eclipsing Saudi Aramco’s 29.4 billion dollar offering in 2019.
The filing would mark the formal start of what has long been rumored: SpaceX’s transition from a closely held private powerhouse to a publicly traded company.
The timing aligns with earlier signals.
In late February, Bloomberg reported that SpaceX was targeting a confidential IPO filing in March and a possible public listing in June, with a valuation north of 1.75 trillion dollars. At the time, the company’s private valuation hovered around 1.25 trillion dollars.
SpaceX considering confidential IPO filing this March: report
Starlink, SpaceX’s satellite internet constellation, has been the primary driver of that surge, now serving millions of customers worldwide and generating steady revenue. Recent Starship test flights and a record pace of Falcon launches have further bolstered investor confidence.
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
A June listing would give SpaceX immediate access to public capital markets at a moment when demand for space-related stocks remains high. It would also allow early employees and long-time investors to cash out portions of their stakes while giving everyday shareholders a chance to own a piece of the company behind reusable rockets, global broadband, and NASA contracts.
Of course, nothing is certain until the SEC filing appears. Market conditions, regulatory reviews, and Musk’s own schedule could still shift timelines.
Yet the latest word from The Information suggests the window has opened. If the filing lands this week, SpaceX’s roadshow could begin in earnest within weeks, setting the stage for what many analysts already call the IPO of the decade.


