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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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Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
