News
SpaceX’s first fairing catch imminent with plans to 4X Mr Steven’s net
Following SpaceX CEO Elon Musk’s brief confirmation that the launch company would be quadrupling recovery vessel Mr Steven’s already-huge net, members of the /r/SpaceX subreddit created a rough visualization of what that expanded net might look like once completed.
Based on rough estimates done by the author, SpaceX’s official confirmation that fairings had landed within 50 meters of Mr Steven’s net indicates that the parasailing halves are able to somewhat reliably reach Mr Steven’s net with a margin of error of roughly 0.01% when they really need 0.005% to be caught in the vessel’s net every time. Based on specifications from the vessel’s shipyard, his current claws appear to be roughly 75% the length of the entire vessel, or something like 40m long by 30 to 40m wide.
- An artist rendering of a Falcon 9 fairing parasailing towards Mr Steven’s net. Original photos by Chuck Bennett (Instagram @chuckbennett) and SpaceX. (/Chuck Bennet/SpaceX/Eric Ralph)
- It’s difficult to imagine how Mr Steven’s already vast net could plausibly be expanded by a factor of two in each dimension. I certainly can’t wait to see how SpaceX engineers and technicians tackle the task. (Pauline Acalin)
- Created by Reddit /u/Pipinpadiloxacopolis, this visualization shows Mr Steven with net with 4X the area currently installed. (Teslarati/ /u/Pipinpadiloxacopolis)
Several days after the author’s speculation was published, Mr. Musk appeared to effectively corroborate it by stating on Twitter that Mr Steven’s net would have its area expanded fourfold in order to operationalize fairing recovery: to quadruple the area, both the length and the width of the net would need to be expanded by a factor of two (square) or perhaps 50% width-wise and 150% lengthwise (more rectangular). Mr Steven’s massive steel arms appear to be fairly permanent in their current forms, suggesting that changing the aspect ratio of the net would be far more effort than simply expanding his arms along their current paths. Either way, lengthwise growth of a factor of 2-2.5 would appear to functionally close the gap on that 0.005% margin of error (the current 0.01% – missing by 50 meters – divided by 2 equals 0.005%) required, albeit by modifying the recovery vessel instead of optimizing the fairings’ hardware and software.
TL;DR: @SpaceX's fairing recovery engineers/techs have achieved a margin of error of like 0.01% when they actually need ~0.005% to reliably catch fairings in Mr Steven's net. Success is imminent 😀 https://t.co/MfPdzdBkyO
— Eric Ralph (@13ericralph31) June 1, 2018
Put more simply, a net with four times the area would roughly halve the accuracy required from each fairing half for reliable recovery. Compared with the original (left) above, Reddit user Pipinpadiloxacopolis followed Musk’s rough estimation and did a rough Photoshop (right) of the fairing recovery vessel’s current arms, expanding it by 2X in each direction to arrive at a quadrupled area. Although I would argue that Mr Steven’s forward arms are unlikely to ever move beyond their current end-point around 10 meters behind the vessel’s crew cabin and cockpit, /u/Pipin’s estimate is probably a decent prediction for the upgraded vessel’s most likely appearance.
What’s less clear is whether the depth of the net will increase alongside the length and width, nor whether the already massive arms will have to rely on some sort of retraction/pivot mechanism to allow Mr Steven to safely maneuver within Port of Los Angeles waters. Regardless of the solution that SpaceX expertise arrives at, the already eclectic recovery vessel is all but guaranteed to look even more absurd and awesome than it already does. With any luck, the net expansion may allow SpaceX to finally achieve their first successful ‘catch’ of a Falcon fairing, ending the need for mass-storage of unreusable fairing halves grabbed off of the ocean surface.
- Mr Steven and drone ship Just Read The Instructions captured at their berths on June 5th. JRTI also appears to be preparing for a return to action with Iridium-7. (Pauline Acalin)
- Even SpaceXers deserve a break. (Pauline Acalin)
- Mr Steven slips between massive container ship canyons on the final leg of its return. (Chuck Bennett, Instagram @chuckbennett)
Stay tuned, as Teslarati photographer Pauline Acalin will be tracking modifications made to Mr Steven closely over the next several weeks. As of now, the vessel will return to the Pacific Ocean for another fairing catch attempt sometime in the second or third week of July. We’ll find out soon whether Musk’s mentioned upgrades can be realized before then.
News
Tesla Cybercab snags huge regulatory green light that readies it for public roads
Tesla Cybercab, the all-electric ride-hailing-geared vehicle void of a steering wheel and pedals, has achieved a significant regulatory milestone. The vehicle has officially secured an EPA Certificate of Conformity for the 2026 Cybercab, classifying it as a battery electric Zero Emission Vehicle (ZEV).
This certification confirms full compliance with federal Clean Air Act emission standards, paving the way for legal sales and operation across the United States.
A Certificate of Conformity (CoC) is a critical document issued by the U.S. Environmental Protection Agency (EPA) to vehicle manufacturers. It certifies that a specific class of vehicles meets all applicable federal emission requirements for the model year.
We have reported on several of them in the past, and it’s a good sign that a vehicle is close to being available to the public.
Every vehicle sold in the U.S. must carry this approval, which covers exhaust emissions, evaporative emissions, and refueling standards. For battery electric vehicles like the Cybercab, it verifies zero tailpipe emissions and compliance with stringent testing protocols. The certificate, issued and effective May 26, 2026, was part of the EPA’s recent bi-weekly upload, detailing the Cybercab’s evaporative/refueling family and exhaust compliance.
It also revealed some other very important information, as the Cybercab’s “Charge Depleting Range” was rated at just over 418 miles. This was for city driving, while the highway range depletion test revealed just over 375 miles of range:
Highway miles for Charge Depleting Range was just over 375 miles
— TESLARATI (@Teslarati) June 15, 2026
This EPA approval is a foundational step for Tesla’s autonomous ambitions. While emission certification is standard for any new EV, it signals that the Cybercab is progressing through the full federal compliance process.
Tesla has already equipped prototypes with federal compliance stickers affirming adherence to safety, bumper, and theft-prevention standards via self-certification under FMVSS rules. This bypasses the traditional 2,500-vehicle exemption cap that previously constrained low-volume autonomous testing.
Production of the Cybercab ramped up at Giga Texas starting in early 2026, with volume targets aiming for hundreds of units per week and long-term ambitions of millions annually. The two-seater, steer-by-wire vehicle, lacking a steering wheel and pedals, features a sleek, minimalist design optimized for Robotaxi service.
Priced under $30,000 at unveiling, it promises operating costs as low as $0.20–$0.40 per mile once scaled. Tesla has routinely flexed it as one of the most efficient vehicles of all time.
Regulatory progress extends beyond the EPA. The NHTSA has streamlined approvals for control-free vehicles, benefiting the Cybercab. Tesla operates supervised and unsupervised Robotaxi services in Texas cities like Austin, Dallas, and Houston using its fleet. California recently updated rules for driverless operations, including enforcement mechanisms for violations. Additional state-by-state approvals will be needed for nationwide rollout.
This EPA green light reduces a key barrier, building confidence among regulators, partners, and investors.
It underscores Tesla’s strategy of designing the Cybercab from the ground up for full compliance rather than retrofitting existing platforms. Challenges remain in scaling unsupervised autonomy, mapping approvals, and public acceptance, but the certification marks tangible momentum toward transforming urban mobility.
With prototypes already testing on public roads and production accelerating, the Cybercab edges closer to redefining transportation. Tesla’s integrated approach—combining hardware simplicity, software prowess, and regulatory diligence—positions it uniquely in the robotaxi race.
News
SpaceX soars with its first launch as a public company, marking a new era
SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.
Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.
The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.
Watch Falcon 9 launch 24 @Starlink satellites to orbit from California https://t.co/meDwb05qOE
— SpaceX (@SpaceX) June 15, 2026
This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.
The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.
As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.
SpaceX maintains bold advertising push for Starlink, contrasting Tesla’s minimalistic approach
Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.
SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.
Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.
As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.
Investor's Corner
Musk’s biggest bettor Ron Baron reveals massive SpaceX IPO bet
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA
This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.





