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SpaceX’s Mr Steven just misses catch, returns with intact Falcon 9 fairing
SpaceX appears to have successfully retrieved both halves of a Falcon 9 payload fairing intact, despite failing to catch them with recovery vessel Mr Steven.
Near the end of the company’s Iridium-6/GRACE-FO launch webcast, SpaceX engineer John Insprucker said that Falcon 9’s two payload fairing halves had both successfully deployed their parachutes and landed in the Pacific Ocean, also stating that Mr Steven “came very close” to success in an attempt to catch a fairing half in an upgraded net. The vessel’s return to port confirmed this, showing both fairing halves on board Mr Steven’s long utility deck, apparently intact and in great condition aside from saltwater immersion.
Per SpaceX VP of Mission Assurance Hans Koenigsmann, anything more than incidental exposure to sea spray appears to preempt any attempt at fairing reuse, meaning that perfectly intact fairing halves recovered from the surface of the ocean are incapable of flying on future commercial Falcon 9 missions. While he did not go into detail, it’s probable that SpaceX’s inability to reuse ocean-retrieved fairings derives from the extremely clean environments satellites are designed to survive in. Before reaching the vacuum of space, arguably the ‘cleanest’ environment that exists, satellite payloads (be it cameras, antennae, solar panels, can be generalized as extraordinarily sensitive collections of electronics and sensors that remain in clean-room environments throughout their time on Earth. This extends to the environment inside the payload fairing, and cleaning a fairing from seawater organics, particulate matter, and the general risk of outgassing would likely be so expensive and tedious that it would run counter to SpaceX’s goal of lowering the cost of launch with reusability.
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- Both fairing halves from SpaceX’s Iridiium-6/GRACE-FO spied aboard Mr Steven after docking. (Pauline Acalin)
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- While unreusable due to seawater immersion, it’s possible that these halves will take part in a drop test campaign mentioned by CEO Elon Musk. (Pauline Acalin)
Although they cannot be operationally reused, these and past halves presumably have been or will be invaluable as hardware pathfinders, assisting engineers and technicians in their pursuit of ultra-precise, reliable landings in Mr Steven’s net.
Mr Steven, a shiny new Fast Supply Vessel, has been extensively modified by SpaceX in its role as recovery vessel, most notably including massive claw-arms and a large, yellow net intended to allow the boat to catch parasailing payload fairings just before they impact the ocean surface. This requires an impressive level of accuracy and precision, given the fact that SpaceX’s payload fairings are typically traveling more than two kilometers per second at a peak at altitude of anywhere from 100-200 kilometers (functionally in space) at the point of separation, while Mr Steven’s net (the landing target) is at least a magnitude smaller than even SpaceX’s drone ships. With that in mind, it should come as little surprise that SpaceX has required ten or more failed attempts to get to the point where they are confident that a fairing half can successfully be captured in Mr Steven’s net.
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- By all appearances, both Iridium-6/GRACE-FO fairing halves were retrieved intact from the ocean surface. Note the tiny technician installing a tarp inside one half. (Chuck Bennett, Instagram @chuckbennett)
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- SpaceX’s fairing recovery vessel Mr Steven captured at high speed from a drone. (SpaceX)
Given how close SpaceX apparently was this time around, it’s all but inevitable that one of the next two or three California launches will feature the first truly successful fairing catch, paving the way for routine reuse of the ~800 kg, $3m halves. SpaceX’s next launches from Vandenberg Air Force Base are tentatively scheduled for the first half of July, late September, and October.
Thanks to Chuck Bennett for permitting Teslarati to use several of his photos of Mr Steven’s sunset return to Port of San Pedro. Follow him at his Instagram account @chuckbennett.
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
