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SpaceX Falcon Heavy rocket to launch NASA’s Roman Space Telescope
NASA has chosen SpaceX’s Falcon Heavy rocket to launch its next major space telescope, a wide-field observatory that should directly complement the brand new James Webb Space Telescope.
Originally known as the Wide Field InfraRed Survey Telescope (WFIRST), NASA recently renamed the mission in honor of Nancy Grace Roman, a foundational force behind the Hubble Space Telescope. Fittingly, the Roman Space Telescope’s basic design is reminiscent of Hubble in many ways, owing to the fact that the mission exists solely because the US National Reconnaissance Office (NRO) chose to donate an unused multi-billion-dollar spy satellite – a satellite that was effectively a secret Earth-facing version of Hubble.
However, thanks to decades of improvements in electronics, electromechanics, and the instrumentation side of spacecraft and space telescopes, RST will be dramatically more capable than the Hubble telescope it resembles. And now, after a several-year fight for survival, the Roman Space Telescope officially has a ride to space – SpaceX’s Falcon Heavy rocket.
Falcon Heavy continues to be a bit of a paradox, winning contract after contract for increasingly high-value flagship launches despite having not launched once in more than three years. It’s a bit of a self-fulfilling prophecy, at this point, as the major missions that are increasingly being entrusted to Falcon Heavy are far more likely to run into significant spacecraft-side delays. At one point in late 2021, for example, SpaceX had five Falcon Heavy launches tentatively planned in 2022 – all but one of which had already been delayed several months to a year or more. Seven months into 2022, not one of those missions has launched and it’s looking increasingly likely that Falcon Heavy will be lucky to fly at all this year.
Nonetheless, the Roman Space Telescope joins an impressive manifest that includes the multi-billion-dollar GOES-U weather satellite, NASA’s ~$5 billion Europa Clipper, two modules (HALO and PPE) of a Moon-orbiting space station, NASA’s Psyche asteroid explorer, a large Astrobotic Griffin lander carrying NASA’s VIPER Moon rover, two large geostationary communications satellites, and three missions for the US military. RST is the rocket’s 11th launch contract between now and the mid-2020s.
Despite having a similar resolving power, RST’s primary wide-field instrument will have a field of view 100 times greater than Hubble, meaning that the new telescope will be able to gather magnitudes more data in a similar time. Its primary goals include measuring “light from a billion galaxies over the course of the mission lifetime” and performing “a microlensing survey of the inner Milky Way to find ~2,600 exoplanets.” A second coronagraph instrument will “perform high-contrast imaging and spectroscopy of dozens of individual nearby exoplanets.” According to the Jet Propulsion Laboratory, “the Coronagraph provides a crucial stepping stone in the preparation of future missions aiming to [directly] image and characterize Earth-like planets [that are] 10 billion times fainter than their host star.”
According to NASA, “the telescope’s science program also includes dedicated investigations to tackle outstanding questions [about the nature and] effects of dark energy and dark matter, as well as a substantial general investigator program to enable further studies of astrophysical phenomena to advance other science goals.”
Because RST is also focused on infrared wavelengths of light, it could be an excellent companion to the James Webb Space Telescope (JWST). Whereas RST is a wide-field survey observatory that aims to observe and catalog billions of galaxies, stars, and planets, JWST’s far larger mirror is optimized for up-close observation of individual targets or deep gazes into tiny swaths of sky. RST could ultimately work a bit like an MRI or CAT scan to JWST’s biopsy, telling the surgeon where to look but only hinting at what it might find.
According to NASA, the ~$4.3 billion space telescope’s Falcon Heavy launch contract will cost an exceptionally steep $255 million to send the spacecraft to the Sun-Earth L2 Lagrange point about 800,000 kilometers (~500,000 mi) from Earth. NASA’s contract to launch the even more expensive Europa Clipper spacecraft all the way to Jupiter with a fully-expendable Falcon Heavy rocket is expected to cost less than $180 million.
NASA’s press release also claims that RST will be ready to launch as early as October 2026. A different press release from September 2021 did not mention the 2026 target and only noted that RST’s launch is scheduled no later than May 2027.
News
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
News
Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
Production-ready Tesla Cybercab hits showroom floor in San Jose
