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SpaceX may have missed a rocket booster landing but it snagged both nosecone halves
Although SpaceX sadly lost a record-breaking rocket booster and suffered a significant in-flight anomaly during its sixth Starlink launch, the company later revealed that it successfully recovered both of Falcon 9’s nosecone halves.
Starlink V1 L5 is now the second time ever that SpaceX – or anyone, for that matter – has successfully reused an orbital-class launch vehicle payload fairing, while the mission also marked the first time that SpaceX managed to recover a reused Falcon fairing. The burn from booster issues certainly isn’t fully salved, as twin fairing catchers Ms. Tree and Ms. Chief both missed their fairing catch attempts, but both twice-flown fairing halves were still successfully scooped out of the Atlantic Ocean before they were torn apart.
This is perhaps the most important milestone for SpaceX’s fairing recovery and reuse program since the first successful catch (June 2019) and first successful reuse (November 2019). With a twice-flown fairing now safely in hand for the first time, SpaceX will hopefully be able to dramatically expand its understanding of how flight-proven fairings – especially those that were fished out of the sea – stand up to launch conditions. If these flight-proven halves appear to be in great condition, it could be a boon for the near-term future of fairing recovery and reuse.
Catching fairings = hard
SpaceX has now been attempting to catch Falcon payload fairings for more than two years, beginning back in February 2018 after many months of additional development prior. The first successful catch came on the sixth post-launch attempt, followed immediately by a second successful catch two months later (August 2019). That back-to-back recovery appears to have been a bit of a fluke, however, with only one additional partial success (one of two ships caught a half) out of the five subsequent attempts.
By all appearances, accurately and reliably catching parasailing Falcon fairings is a spectacularly unforgiving challenge. That shouldn’t come as a huge surprise: each Falcon fairing will typically reach top speeds of 2.5+ km/s (1.5+ mi/s), technically reach space (100+ km or 63+ mi), and travel 500-1000+ km (300-600 mi) downrange before even remotely entering the vicinity of the ships designed to catch them out of the air.
Likely weighing just ~1000 kg (2200 lb) apiece, the lightweight, sail-like nature of SpaceX’s carbon fiber-aluminum honeycomb payload fairings is both a blessing and a curse. While it means they can effectively reenter Earth’s atmosphere at hypersonic velocities with next to no heat shield, it also means that free-falling and parasailing fairing halves are at the full mercy of said atmosphere after reentry, bowing to winds and air currents like dandelions in a breeze.
Fairing halves ultimately spend something like 30-40 minutes parasailing through the atmosphere after parafoil deployment, creating vast uncertainties when it comes to local weather and the general behavior of the atmosphere. Even excluding weather, the average fairing catch attempt is roughly akin to throwing an average marble into a kitchen sink from more than a kilometer (0.8 mi) away.
Soft ocean landings: quite a bit easier
What SpaceX has effectively discovered is that while catching fairing halves may be almost comically difficult, recovering the same halves intact is easily doable if the goal instead is to gently pick them up off the ocean surface. Of the eleven catch attempts SpaceX has made, all but two were followed by recovery vessels extracting one or both fairing halves -intact – from the ocean.
Most notably, though, SpaceX has yet to reuse any of the three Falcon fairing halves that were caught with Ms. Tree. Instead, both the first and second reuses used fairing halves that had been fished onto recovery ships after gentle Atlantic Ocean landings.
SpaceX has ultimately chosen to tackle the much harder reusability challenge – reusing fairings that have been partially immersed in saltwater – first, and done so quite successfully. Critically, the first reused fairing was unable to be recovered – even by sea – due to bad weather in the area, meaning that Wednesday’s recovery was a first for rare flight-proven fairing hardware. Given all the challenges Falcon fairings face with water sealing, corrosion, and contamination after water landings, it would be little surprise to learn that the second reused fairing is not exactly in pristine condition.
However, if it looks as good or better than SpaceX’s less-informed expectations, there’s a chance that it could open the floodgates for the full-scale pursuit of routine waterlogged fairing reuse. Even better, if the Starlink v0.9 and V1 L5 fairing halves have been recovered in great condition, there might be a chance to reuse Falcon fairings multiple times, following in the footsteps of the rocket boosters they launch on top of.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
