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SpaceX launches first Starlink mission of 2023 after eight delays
A Falcon 9 rocket has successfully launched SpaceX’s Starlink 2-4 mission after seven delays pushed it from November 2022 to January 2023.
Starlink 2-4 was originally scheduled to launch as early as November 18th, 2022, but was delayed shortly after its Falcon 9 rocket conducted a static fire test. The delay was indefinite, and that specific rocket ultimately launched a different commercial payload in late December. The internet satellite launch was finally rescheduled for January 9th, 2023, kicking off a string of additional delays. Weather delayed the January 9th attempt. Issues with Falcon 9’s second stage delayed the January 10th attempt. Additional “pre-launch checkouts” delayed the launch from January 11th to the 14th, which was then pushed to January 15th for “constellation optimization.“
Poor weather delayed Starlink 2-4 from January 15th to January 18th, and SpaceX eventually delayed the mission to January 19th without explanation. On January 19th, SpaceX even delayed Starlink 2-4 an eighth time, from 7:23 am PST to 7:43 am PST. But at long last, Starlink 2-4 did, in fact, lift off at 7:43 am PST, ending the longest streak of delays experienced by SpaceX in several years.
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
In a rare twist, the first delay caused SpaceX to shuffle booster assignments, and Starlink 2-4 wound up with B1075. B1075 had never flown before, making Starlink 2-4 the second Starlink mission that has debuted a new Falcon booster. Ordinarily, SpaceX has always reserved new boosters – of which only a handful are built annually – for its more conservative customers. The US military in particular was slow to warm up to the idea of flying operational “national security” payloads on reused Falcon boosters, and often required (and paid for) new boosters whenever possible.
But even that wall mostly crumbled in 2022. SpaceX debuting another new Falcon 9 booster on its own low-priority Starlink mission is perhaps the best evidence of that. NASA and the US military have simply come to trust SpaceX’s flight-proven Falcon boosters, and no longer feel the need to reserve every new Falcon 9.
Falcon 9 booster B1075 ultimately aced its orbital-class launch debut and touched down on drone ship Of Course I Still Love You (OCISLY) about nine minutes after liftoff. Assuming the seas are calm enough for B1075 to survive the return to Port of Long Beach, it likely has a long life of 15+ launches ahead of it. The Falcon upper stage launched by B1075 eventually reached low Earth orbit (LEO) and deployed another 51 Starlink V1.5 satellites about 30 minutes after liftoff. Starlink 2-4 should leave SpaceX with almost 3400 working Starlink satellites in orbit.
OCISLY gets an upgrade
B1075’s landing also revealed upgrades SpaceX has made to drone ship OCISLY since it was last used in October 2022. Harry Stranger first discovered the changes with satellite imagery, which revealed that SpaceX was upgrading OCISLY’s rectangular with angular ‘wings’. The wings appear to be identical to those installed on SpaceX’s newest drone ship, A Shortfall of Gravitas. ASOG debuted in mid-2021 with a number of upgrades not present on SpaceX’s two other drone ships. Most were intended to improve the ship’s resiliency, availability, and autonomy.
According to photographer Jerry Pike, the angular wings on ASOG (and now OCISLY) could make the drone ship much easier to tow. Reducing drag could also increase the effectiveness of their existing propulsion systems, potentially allowing them to maintain their position in harsher sea conditions and stronger currents than before. SpaceX CEO Elon Musk has previously stated that the ultimate goal is a fully-autonomous drone ship capable of heading to sea, recovering Falcon boosters, and returning to port without human intervention.
There is no evidence that SpaceX is any closer to that goal since ASOG’s debut 16 months ago. Nonetheless, OCISLY’s upgrades should improve the drone ship’s usability as SpaceX attempts to launch (and land) up to 100 rockets in 2023.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
