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SpaceX’s Mr Steven spotted practicing Falcon 9 fairing catches with upgraded net
SpaceX’s fairing recovery vessel Mr Steven was spotted on Monday, August 13 conducting the first fairing recovery tests to involve actually craning a fairing half onto the huge, upgraded net, and doing so repeatedly in a short period of time. That practice will likely prove invaluable by allowing SpaceX to better understand the characteristics of Mr Steven’s fairing-catching net, rigging winches, and general operational behavior.
As SpaceX gradually approaches their next Falcon 9 launch from Vandenberg Air Force Base, the company is also preparing for Mr Steven’s next fairing recovery attempt, itself the second operational use of the vessel’s massively upgraded arms and net. Known as SAOCOM-1A, the Argentinian space agency’s Earth-imaging satellite is expected to launch no earlier than late September according to local South American media. Mr Steven’s late-July upgraded net debut was largely foiled by unpredictable winds in the region the fairing was parasailing, with that uncertainty preventing the fairing from getting close enough to its targeted landing position for Mr Steven to catch it out of the air.
It certainly appears that Mr Steven's net is capable of receiving a fairing half. Getting closer than ever. 8/13 #spaceX #mrsteven pic.twitter.com/Zqydum2FbB
— Pauline Acalin (@w00ki33) August 14, 2018
By all appearances, SpaceX is working hard to better understand how Mr Steven’s huge new net behaves when interacting with a Falcon fairing half, a reasonable goal in order to ensure that the first successful fairing catch is not foiled by something as simple as the half sliding down the net and cracking on Mr Steven’s deck. SpaceX’s fairings are incredibly fragile and are liable to irreparable crack at the slightest hint of off-nominal forces, meaning that all recovery efforts need to be extremely gentle if SpaceX ever hopes to recover and reuse those fairings halves multiples times, if at all.
- SpaceX technicians convene while testing Mr Steven’s net with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- SpaceX used a crane to test Mr Steven’s net with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- Mr Steven’s net spied testing off-center recovery operations with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- Mr Steven’s net spied testing off-center recovery operations with a Falcon fairing half, 08/13/18. (Pauline Acalin)
- Mr Steven’s net spied testing off-center recovery operations with a Falcon fairing half, 08/13/18. (Pauline Acalin)
Still, even managing to reuse just one fairing half once for several launches (say, all California launches) would make a huge difference to the bottlenecked production line in SpaceX’s Hawthorne rocket and spacecraft factory, which is working around the clock to ramp up production of the upgraded Fairing 2.0 while also winding down the old Fairing 1.0 manufacturing apparatus. Intriguingly, it appears that SpaceX’s launch activity is likely to drop precipitously over the next several months, with no launches currently scheduled from the company’s two Florida pads in September or October – apparently due to a lack of payload availability rather than anything SpaceX-related.
Vandenberg will thus be the focus of SpaceX’s launch activities in September and October, hopefully supporting at least two missions. The first, SAOCOM-1A, is an Argentinian Earth observation satellite targeting a launch window in late September, reportedly delayed from September 5 to give SpaceX additional time to prepare Falcon 9. According to NASASpaceflight.com, SpaceX intends to refly Falcon 9 B1048 for this mission, giving the company just 6-8 weeks to refurbish the rocket and prepare it for the usual preflight static fire several days before launch. SAOCOM-1A will also likely mark the debut of SpaceX’s West Coast rocket landing zone, known as LZ-2.
Mr Steven lowering a fairing half into and out of the net today! Practice makes perfect.#spacex #mrsteven pic.twitter.com/oo4YAyWcuK
— Pauline Acalin (@w00ki33) August 14, 2018
While not yet solid, Iridium CEO Matt Desch acknowledged on August 13th that the company’s 8th and final SpaceX launch – Iridium NEXT-8 – would have its satellites ready no earlier than October, likely making it SpaceX’s subsequent payload after SAOCOM-1A. On the opposite coast, SpaceX’s next launch will be Telstar 18V – companion to 19V – on a new Falcon 9 Block 5 booster, currently scheduled for no earlier than 11:33 PM EDT, August 23. That Falcon 9 is already at Pad 40 preparing for a preflight static fire late this week or early next.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
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Elon Musk says this part of Tesla ‘makes no sense’
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
News
Tesla Full Self-Driving faces major pushback in Europe
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.




