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SpaceX Falcon rocket aces 100th consecutive rocket landing
SpaceX has successfully launched its first batch of next-generation Starlink V2 satellites, likely kicking off a new era of affordability for the constellation.
Simultaneously, demonstrating just how far SpaceX is ahead of its competitors and the rest of the spacefaring world, the Starlink 6-1 launch culminated in the 100th consecutively successful landing of a Falcon rocket booster. As a result, SpaceX’s landing reliability now rivals the launch reliability of some of the most reliable rockets ever flown. That extraordinary feat bodes well for SpaceX’s next-generation Starship rocket, which is designed to propulsively land humans on the Earth, Moon, Mars, and beyond.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
SpaceX’s landing reliability milestone is made all the more impressive by the lack of immediate competition. More than seven years after SpaceX’s first successful Falcon 9 booster landing and six years after the company’s first successful Falcon booster reuse, Falcon 9 and Falcon Heavy are still the only reusable orbital-class rockets in operation.
Blue Origin has had some success reusing the first stage of its suborbital New Shepard rocket. Rocket Lab has also recovered small Electron rocket boosters from the ocean, but it’s yet to catch a booster with a helicopter – a necessity for cost-effective reuse. Many other companies have announced or begun developing their own partially or fully-reusable rockets. But even in a best-case scenario, the most promising of those potentially competitive rockets are still a year or two from their first launch attempts, let alone their first successful recoveries and reuses.
SpaceX debuted the Falcon 9 rocket behind most of its successful booster recoveries and reuses in June 2010. SpaceX recovered a Falcon 9 booster for the first time in December 2015 and reused a (different) booster for the first time in March 2017. It completed nearly all of that risky development work during launches for paying customers.
Even after the first success, many unsuccessful landing attempts followed as SpaceX pushed the performance envelope and discovered new failure modes. Falcon’s most recent landing failure occurred during a Starlink launch in February 2021 and was caused by a hole in a flexible ‘skirt’ meant to keep Earth’s superheated atmosphere out of the flight-proven booster’s engine section.
However, every landing since Falcon 9’s Starlink-19 landing failure has been successful. On February 27th, 2023, almost exactly two years after that failure, Falcon 9 booster B1076 touched down on one of SpaceX’s three drone ships, marking the rocket family’s 100th consecutively successful landing. Starlink 6-1 was also the Falcon family’s 183rd consecutively successful launch, as a Falcon landing failure has never prevented the completion of a mission’s primary objective.
Launch-wise, Falcon 9 and the Falcon family have already become the most statistically reliable rockets in history. Very few rockets in history have managed 100 consecutively successful launches, let alone landings. For example, according to spaceflight reporter Alejandro Romera, the next most reliable American rocket – the McDonnell Douglas Delta II – narrowly achieved 100 consecutively successful launches before its retirement in 2018. The landing reliability of SpaceX’s Falcon rockets is thus tied with the launch reliability of the most reliable American rocket not built by SpaceX.
Additionally, SpaceX Falcon booster landings are now statistically more reliable than the launches of United Launch Alliance’s much-touted Atlas V rocket, which has (more or less) successfully launched 97 times.
Falcon’s landing reliability is an encouraging sign for SpaceX’s next-generation Starship rocket. For Starship to fully achieve SpaceX’s goals, it will eventually need to be able to propulsively land humans on Earth and at other destinations throughout the solar system. SpaceX currently has no plans no plans to develop an independent crew escape system for Starship, meaning that the rocket itself will instead have to demonstrate extraordinary overall reliability. SpaceX executives have stated that Starship will only be deemed safe enough to launch humans once it has completed “hundreds” of successful launches and, presumably, landings.
Falcon has managed 100 successful landings in a row despite large gaps in redundancy. Most landing burns are conducted with a single Merlin 1D engine. Any issue with that engine would likely result in a failed landing. Falcon boosters also have four landing legs and four grid fins powered by a single hydraulic pump. The failure of that pump or one of four legs have demonstrably doomed earlier landings.
Starship’s much larger size and excess performance could provide a larger margin for error and allow for more redundancy. But Falcon has demonstrated that that even a rocket with multiple glaring single-points-of-failure can achieve 100 consecutively successful landings.
Investor's Corner
Tesla Q4 delivery numbers are better than they initially look: analyst
The Deepwater Asset Management Managing Partner shared his thoughts in a post on his website.
Longtime Tesla analyst and Deepwater Asset Management Managing Partner Gene Munster has shared his insights on Tesla’s Q4 2025 deliveries. As per the analyst, Tesla’s numbers are actually better than they first appear.
Munster shared his thoughts in a post on his website.
Normalized December Deliveries
Munster noted that Tesla delivered 418k vehicles in the fourth quarter of 2025, slightly below Street expectations of 420k but above the whisper number of 415k. Tesla’s reported 16% year-over-year decline, compared to +7% in September, is largely distorted by the timing of the tax credit expiration, which pulled forward demand.
“Taking a step back, we believe September deliveries pulled forward approximately 55k units that would have otherwise occurred in December or March. For simplicity, we assume the entire pull-forward impacted the December quarter. Under this assumption, September growth would have been down ~5% absent the 55k pull-forward, a Deepwater estimate tied to the credit’s expiration.
“For December deliveries to have declined ~5% year over year would imply total deliveries of roughly 470k. Subtracting the 55k units pulled into September results in an implied December delivery figure of approximately 415k. The reported 418k suggests that, when normalizing for the tax credit timing, quarter-over-quarter growth has been consistently down ~5%. Importantly, this ~5% decline represents an improvement from the ~13% declines seen in both the March and June 2025 quarters.“
Tesla’s United States market share
Munster also estimated that Q4 as a whole might very well show a notable improvement in Tesla’s market share in the United States.
“Over the past couple of years, based on data from Cox Automotive, Tesla has been losing U.S. EV market share, declining to just under 50%. Based on data for October and November, Cox estimates that total U.S. EV sales were down approximately 35%, compared to Tesla’s just reported down 16% for the full quarter. For the first two months of the quarter, Cox reported Tesla market share of roughly a 65% share, up from under 50% in the September quarter.
“While this data excludes December, the quarter as a whole is likely to show a material improvement in Tesla’s U.S. EV market share.“
Elon Musk
Tesla analyst breaks down delivery report: ‘A step in the right direction’
“This will be viewed as better than feared deliveries and a step in the right direction for the Tesla story heading into 2026,” Ives wrote.
Tesla analyst Dan Ives of Wedbush released a new note on Friday morning just after the company released production and delivery figures for Q4 and the full year of 2025, stating that the numbers, while slightly underwhelming, are “better than feared” and as “a step in the right direction.”
Tesla reported production of 434,358 and deliveries of 418,227 for the fourth quarter, while 1,654,667 vehicles were produced and 1,636,129 cars were delivered for the full year.
Tesla releases Q4 and FY 2025 vehicle delivery and production report
Interestingly, the company posted its own consensus figures that were compiled from various firms on its website a few days ago, where expectations were set at 1,640,752 cars for the year. Tesla fell about 4,000 units short of that. One of the areas where Tesla excelled was energy deployments, which totaled 46.7 GWh for the year.
🚨 Wedbush’s Dan Ives has released a new note on Tesla $TSLA:
“Tesla announced its FY4Q25 delivery numbers this morning coming in at 418.2k vehicles slightly below the company’s consensus delivery estimate of 422.9k but much better than the whisper numbers of ~410k as the…
— TESLARATI (@Teslarati) January 2, 2026
In terms of vehicle deliveries, Ives writes that Tesla certainly has some things to work through if it wants to return to growth in that aspect, especially with the loss of the $7,500 tax credit in the U.S. and “continuous headwinds” for the company in Europe.
However, Ives also believes that, given the delivery numbers, which were on par with expectations, Tesla is positioned well for a strong 2026, especially with its AI focus, Robotaxi and Cybercab development, and energy:
“This will be viewed as better than feared deliveries and a step in the right direction for the Tesla story heading into 2026. We look forward to hearing more at the company’s 4Q25 call on January 28th. AI Valuation – The Focus Throughout 2026. We believe Tesla could reach a $2 trillion market cap over the coming year and, in a bull case scenario, $3 trillion by the end of 2026…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
It’s no secret that for the past several years, Tesla’s vehicle delivery numbers have been the main focus of investors and analysts have looked at them as an indicator of company health to a certain extent. The problem with that narrative in 2025 and 2026 is that Tesla is now focusing more on the deployment of Full Self-Driving, its Optimus project, AI development, and Cybercab.
While vehicle deliveries still hold importance, it is more crucial to note that Tesla’s overall environment as a business relies on much more than just how many cars are purchased. That metric, to a certain extent, is fading in importance in the grand scheme of things, but it will never totally disappear.
Ives and Wedbush maintained their $600 price target and an ‘Outperform’ rating on the stock.
Investor's Corner
Tesla releases Q4 and FY 2025 vehicle delivery and production report
Deliveries stood at 406,585 Model 3/Y and 11,642 other models, for a total of 418,227 vehicles.
Tesla (NASDAQ:TSLA) has reported its Q4 2025 production and deliveries, with 418,227 vehicles delivered and 434,358 produced worldwide. Energy storage deployments hit a quarterly record at 14.2 GWh.
Tesla’s Q4 and FY 2025 results were posted on Friday, January 2, 2026.
Q4 2025 production and deliveries
In Q4 2025, Tesla produced 422,652 Model 3/Y units and 11,706 other models, which are comprised of the Model S, Model X, and the Cybertruck, for a total of 434,358 vehicles. Deliveries stood at 406,585 Model 3/Y and 11,642 other models, for a total of 418,227 vehicles.
Energy deployments reached 14.2 GWh, a new record. Similar to other reports, Tesla posted a company thanked customers, employees, suppliers, shareholders, and supporters for its fourth quarter results.
In comparison, analysts included in Tesla’s company-compiled consensus estimate that Tesla would deliver 422,850 vehicles and deploy 13.4 GWh of battery storage systems in Q4 2025.
Tesla’s Full Year 2025 results
For the full year, Tesla produced a total of 1,654,667 vehicles, comprised of 1,600,767 Model Y/3 and 53,900 other models. Tesla also delivered 1,636,129 vehicles in FY 2025, comprised of 1,585,279 Model Y/3 and 50,850 other models. Energy deployments totaled 46.7 GWh over the year.
In comparison, analysts included in Tesla’s company-compiled consensus expected the company to deliver a total of 1,640,752 vehicles for full year 2025. Analysts also expected Tesla’s energy division to deploy a total of 45.9 GWh during the year.
Tesla will post its financial results for the fourth quarter of 2025 after market close on Wednesday, January 28, 2026. The company’s Q4 and FY 2025 earnings call is expected to be held on the same day at 4:30 p.m. Central Time.
Tesla Q4 delivery numbers are better than they initially look: analyst
Tesla analyst breaks down delivery report: ‘A step in the right direction’
