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SpaceX’s Mr Steven spotted in high-speed test at sea with upgraded net
SpaceX’s newly-outfitted recovery vessel Mr Steven was recently captured conducting aggressive maneuvers off the coast of Port of Los Angeles, just days after the vessel’s massive new arms and net were installed for the first time. The intense pace of upgrades and acceptance testing confirm beyond any reasonable doubt that SpaceX does not intend to waste its next Falcon 9 fairing recovery attempt, set to accompany the July 25th launch of Iridium-7.
The iconic fairing recovery vessel has – for the past three or four weeks – been undergoing major upgrades to its arms or claws, as well as a massive, new net spanning nearly 0.9 acres (3700 m²). With what appears to be a genuine fourfold increase in usable area for fairing recoveries, SpaceX likely has a very strong chance of actually pulling off its first successful catches and reuses of Falcon 9 payload farings, valued at roughly 5% of the rocket’s cost ($3 million per a $60 million base price) per half. Manufacturing cost and price to the customer are difficult to compare, but it at least offers a hint of the full cost of each ~800 kg segment of carbon fiber and aluminum honeycomb.
Mr Steven seen just after a day spent conducting sea-trials a few miles offshore, July 14. (Pauline Acalin)
Based on photos and video captured between July 12 and 15, Mr Steven’s crew and recovery technicians appeared to waste no time at all leaping from arm and net installation to sea-trials of the new hardware at least as extreme as anything previously observed from the SpaceX-leased vessel. Less than half an hour after leaving the harbor for the first time since his massive new arms arrived, Marinetraffic tracking data showed that Mr Steven was already performing aggressive turns and sprints at speeds up to 20 knots (~25 mph), fairly impressive given the vessel’s 200 foot (62 meter) length and gross weight of nearly 200,000 pounds (82,000 kg).
While this may seem impressive, Mr Steven is a class of ship known as a Fast Supply Vessel (FSV) designed to routinely transport a full 400 metric tons of cargo on its deck at cruising speeds of 23 knots (27 mph), which means that the only thing Mr Steven’s wildly expansive arms likely challenge is the vessel’s center of gravity (balance), hence the follow-up tests with hard turns at high speed.
Also of interest, an extraordinary video of some of that testing – unofficially captured, somehow, by drone – showed the ship aggressively maneuvering in reverse, an ability that could come in useful during recovery attempts if the expanded net’s coincidental protection of Mr Steven’s cockpit means that it can become a less fixed element, actively seeking out falling fairings to help close the gap on each parasailing half’s 50 meter error margin.
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- Mr Steven makes some serious waves, using his pod thrusters to strafe backwards at 5-10 knots. (anonymous)
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- It’s subtle, but a small plus sign appears to ‘mark the spot’ on Mr Steven’s new net, stretching roughly 60×60 meters. (anonymous)
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- Mr Steven shows off the fancy new rigging of that upgraded net. (Pauline Acalin)
Another opportunity fast approaches
Previously scheduled for July 20, Iridium’s NEXT 7 multi-satellite launch was pushed back a handful of days to July 25 to give SpaceX engineers and technicians additional time to prepare what is the company’s third Block 5 Falcon 9 to roll off its Hawthorne, CA assembly line. While suboptimal for the customer and for SpaceX’s manifest, that slight delay very likely padded slim schedule margins for Mr Steven’s major arm upgrades, meaning that the vessel will now be able to participate in the imminent launch’s recovery operations. After the first flightworthy vehicle’s debut in May 2018, SpaceX’s rocket production has ramped up in quite an extreme fashion, jumping from four first stages produced in six months to another three or four boosters completed and tested in Texas in just two months.
While the transportation of Falcon fairings and upper stages is far harder to keep track of, production of those critical components of the rocket have also reached throughput levels that are new territory for SpaceX, including an impressive statistic of an average of one full Merlin 1D rocket engine manufactured daily according to an individual with experience on the factory floor.
The Block 5 iteration of the workhorse SpaceX vehicle is in many ways a wholly new rocket, featuring an array of upgrades that include new heat shielding at the rocket’s base, interstage, and legs; retractable landing legs, upgraded Merlin 1D engines, and a clean-sweep refresh of the vehicle’s avionics, to name just a handful of the major changes included.
SpaceX technicians wrench on a trio of varied Merlin 1Ds in McGregor, Texas, where every single engine is test-fired before being attached to a Falcon 9. (SpaceX)
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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.
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.
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.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
