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SpaceX’s Falcon 9 rideshare program secures its first customer
On August 22nd, spaceflight startup Momentus Space and launch heavyweight SpaceX announced the first public launch contract to fall under the umbrella of the latter company’s recently-announced Satellite Rideshare Program.
Meant to provide a reliable, consistent, and affordable form of shuttle-like access to orbit, SpaceX’s rideshare program will – pending demand – involve no less than one dedicated Falcon 9 launch per year, capable of placing 15+ metric tons (33,000+ lbs) into low Earth orbit. Although SpaceX’s rideshare proposal is far from revolutionary, the company’s contract with Momentus Space appears to be more than a basic launch service agreement, potentially opening doors for far more flexible rideshare launches in the future.
Since its November 2017 founding, Momentus Space has been able to put money where its mouth is far more so than any comparable space tug hopeful, of which there are several. The concept that has helped Momentus raise nearly $34M in just 1.5 years is relatively simple: build a spacecraft whose sole purpose is to propel other spacecraft to their final orbit(s).
Known as a space tug, the concept is about as old as practical spaceflight itself, and interest in actually developing the concept from paper to hardware has grown exponentially in the last 5-10 years, thanks in large part to an unprecedented boom in commercial spaceflight activity. Applied more specifically, modern efforts like Momentus tend to have ambitious goals couched behind much more achievable (and marketable) concepts.
Momentus Space’s first goal is to bridge the gap between the low cost of smallsat rideshare missions on large rockets and the convenience of smallsat launches on much smaller rockets by building lightweight, simple, and cheap orbital tugs. The first tug the company wants to field is called Vigoride and will measure approximately 2ft x 2ft (0.4m²) and weigh just 80 kg (175 lb) fully fueled. If launched to a 600 km (370 mi) sun-synchronous orbit (SSO), Vigoride will be able to deliver as much as 220 kg (~500 lb) to a final circular orbit of ~1500 km (930 mi) or place 250 kg (550 lb) of satellites into 10+ separate orbits.
Water plasma rockets (!?)
By far the most innovative and potentially revolutionary aspect of Momentus’ plans is its custom propulsion system of choice: water plasma rockets. In simple terms, Momentus space tugs would quite literally turn water and sunlight into a method of in-space propulsion that can offer both moderate efficiency and relatively high thrust. Using solar arrays, the space tug would charge batteries that would then power an extremely high-power microwave electrothermal thruster (MET).
In the case of Momentus, the exotic form of propulsion uses microwaves to almost instantaneously turn liquid water into plasma, an ionized, electrically-charged gas that can then be directed with a magnetic nozzle to produce thrust. Aside from the decent performance it offers, water-based MET allows a given satellite to completely avoid heavy pressure vessels, doesn’t require extremely high voltages, and uses a fully non-toxic propellant (water).
The fact that pure water is so incredibly benign, non-toxic, and accessible opens up a realm of possibilities. Momentus already has plans to launch Vigorides from the International Space Station, and that could eventually expand into actual in-space reuse in which water-powered satellites might dock with the ISS to load more water and pick up new payloads.
In the case of SpaceX, it appears that the company has inked a more two-way agreement with Momentus, in the sense that prospective customers of SpaceX’s Satellite Rideshare Program might actually be able to arrange for their satellites to be included on Vigoride. Vigoride would then be able to deliver each payload – up to 250 kg worth – to its own orbit, potentially far more convenient than simply being kicked off at a lone orbital bus stop. As Momentus matures its technology and moves from Vigoride to Vigoride Extended and beyond, a partnership with SpaceX’s Satellite Rideshare Program could grow into an almost unbeatable turnkey option for the smallsat industry.
Momentus took its first major step towards building capable and marketable space tugs in July 2019 when the company launched X1, its first orbit-worthy satellite prototype. Although the company has been dead silent as to the actual status of that prototype, even a failure would still serve as an invaluable learning opportunity, even if it would be an inconvenient setback. Vigoride’s first test flight was planned as early as late 2019, although the status of that schedule is uncertain.
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Tesla (TSLA) receives “Buy” rating and $551 PT from Canaccord Genuity
He also maintained a “Buy” rating for TSLA stock over the company’s improving long-term outlook, which is driven by autonomy and robotics.
Canaccord Genuity analyst George Gianarikas raised his Tesla (NASDAQ:TSLA) price target from $482 to $551. He also maintained a “Buy” rating for TSLA stock over the company’s improving long-term outlook, which is driven by autonomy and robotics.
The analyst’s updated note
Gianarikas lowered his 4Q25 delivery estimates but pointed to several positive factors in the Tesla story. He noted that EV adoption in emerging markets is gaining pace, and progress in FSD and the Robotaxi rollout in 2026 represent major upside drivers. Further progress in the Optimus program next year could also add more momentum for the electric vehicle maker.
“Overall, yes, 4Q25 delivery expectations are being revised lower. However, the reset in the US EV market is laying the groundwork for a more durable and attractive long-term demand environment.
“At the same time, EV penetration in emerging markets is accelerating, reinforcing Tesla’s potential multi‑year growth runway beyond the US. Global progress in FSD and the anticipated rollout of a larger robotaxi fleet in 2026 are increasingly important components of the Tesla equity story and could provide sentiment tailwinds,” the analyst wrote.
Tesla’s busy 2026
The upcoming year would be a busy one for Tesla, considering the company’s plans and targets. The autonomous two-seat Cybercab has been confirmed to start production sometime in Q2 2026, as per Elon Musk during the 2025 Annual Shareholder Meeting.
Apart from this, Tesla is also expected to unveil the next-generation Roadster on April 1, 2026. Tesla is also expected to start high-volume production of the Tesla Semi in Nevada next year.
Apart from vehicle launches, Tesla has expressed its intentions to significantly ramp the rollout of FSD to several regions worldwide, such as Europe. Plans are also underway to launch more Robotaxi networks in several more key areas across the United States.
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Waymo sues Santa Monica over order to halt overnight charging sessions
In its complaint, Waymo argued that its self-driving cars’ operations do not constitute a public nuisance, and compliance with the city’s order would cause the company irreparable harm.
Waymo has filed a lawsuit against the City of Santa Monica in Los Angeles County Superior Court, seeking to block an order that requires the company to cease overnight charging at two facilities.
In its complaint, Waymo argued that its self-driving cars’ operations do not constitute a public nuisance, and compliance with the city’s order would cause the company irreparable harm.
Nuisance claims
As noted in a report from the Los Angeles Times, Waymo’s two charging sites at Euclid Street and Broadway have operated for about a year, supporting the company’s growing fleet with round-the-clock activity. Unfortunately, this has also resulted in residents in the area reportedly being unable to sleep due to incessant beeping from self-driving taxis that are moving in and out of the charging stations around the clock.
Frustrated residents have protested against the Waymos by blocking the vehicles’ paths, placing cones, and “stacking” cars to create backups. This has also resulted in multiple calls to the police.
Last month, the city issued an order to Waymo and its charging partner, Voltera, to cease overnight operations at the charging locations, stating that the self-driving vehicles’ activities at night were a public nuisance. A December 15 meeting yielded no agreement on mitigations like software rerouting. Waymo proposed changes, but the city reportedly insisted that nothing would satisfy the irate residents.
“We are disappointed that the City has chosen an adversarial path over a collaborative one. The City’s position has been to insist that no actions taken or proposed by Waymo would satisfy the complaining neighbors and therefore must be deemed insufficient,” a Waymo spokesperson stated.
Waymo pushes back
In its legal complaint, Waymo stated that its “activities at the Broadway Facilities do not constitute a public nuisance.” The company also noted that it “faces imminent and irreparable harm to its operations, employees, and customers” from the city’s order. The suit also stated that the city was fully aware that the Voltera charging sites would be operating around the clock to support Waymo’s self-driving taxis.
The company highlighted over one million trips in Santa Monica since launch, with more than 50,000 rides starting or ending there in November alone. Waymo also criticized the city for adopting a contentious strategy against businesses.
“The City of Santa Monica’s recent actions are inconsistent with its stated goal of attracting investment. At a time when the City faces a serious fiscal crisis, officials are choosing to obstruct properly permitted investment rather than fostering a ‘ready for business’ environment,” Waymo stated.
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Tesla FSD v14.2.2 is getting rave reviews from drivers
So far, early testers have reported buttery-smooth drives with confident performance, even at night or on twisty roads.
Tesla Full Self-Driving (Supervised) v14.2.2 is receiving positive reviews from owners, with several drivers praising the build’s lack of hesitation during lane changes and its smoother decision-making, among others.
The update, which started rolling out on Monday, also adds features like dynamic arrival pin adjustment. So far, early testers have reported buttery-smooth drives with confident performance, even at night or on twisty roads.
Owners highlight major improvements
Longtime Tesla owner and FSD user @BLKMDL3 shared a detailed 10-hour impression of FSD v14.2.2, noting that the system exhibited “zero lane change hesitation” and “extremely refined” lane choices. He praised Mad Max mode’s performance, stellar parking in locations including ticket dispensers, and impressive canyon runs even in dark conditions.
Fellow FSD user Dan Burkland reported an hour of FSD v14.2.2’s nighttime driving with “zero hesitations” and “buttery smooth” confidence reminiscent of Robotaxi rides in areas such as Austin, Texas. Veteran FSD user Whole Mars Catalog also demonstrated voice navigation via Grok, while Tesla owner Devin Olsen completed a nearly two-hour drive with FSD v14.2.2 in heavy traffic and rain with strong performance.
Closer to unsupervised
FSD has been receiving rave reviews, even from Tesla’s competitors. Xpeng CEO He Xiaopeng, for one, offered fresh praise for FSD v14.2 after visiting Silicon Valley. Following extended test drives of Tesla vehicles running the latest FSD software, He stated that the system has made major strides, reinforcing his view that Tesla’s approach to autonomy is indeed the proper path towards autonomy.
According to He, Tesla’s FSD has evolved from a smooth Level 2 advanced driver assistance system into what he described as a “near-Level 4” experience in terms of capabilities. While acknowledging that areas of improvement are still present, the Xpeng CEO stated that FSD’s current iteration significantly surpasses last year’s capabilities. He also reiterated his belief that Tesla’s strategy of using the same autonomous software and hardware architecture across private vehicles and robotaxis is the right long-term approach, as it would allow users to bypass intermediate autonomy stages and move closer to Level 4 functionality.
Tesla (TSLA) receives “Buy” rating and $551 PT from Canaccord Genuity
Waymo sues Santa Monica over order to halt overnight charging sessions
