News
SpaceX's first NASA astronaut launch closer than ever as spacecraft and rocket near Florida
According to an engineer’s February presentation, SpaceX is on the brink of shipping its first NASA astronaut-rated Crew Dragon spacecraft to Kennedy Space Center – arguably the company’s biggest milestone yet on the path to human spaceflight.
In the last year, SpaceX’s Crew Dragon program has undeniably stumbled a few times, suffering challenging parachute failures and the catastrophic explosion of the first flight-proven Crew Dragon capsule. However, the year has been filled with far more successes. By all appearances, Crew Dragon’s parachute issues have been completely solved, while SpaceX successfully static fired an upgraded Crew Dragon’s SuperDraco engines before launching a flawless in-flight abort (IFA) test just last month.
Prior to all of this, SpaceX’s Crew Dragon spacecraft completed what NASA deemed a “flawless” and “phenomenal” orbital launch debut, docking with and departing the space station without issue before safely reentering Earth’s atmosphere and splashing down in the Atlantic Ocean. Now, ten months after that flawless debut, SpaceX is perhaps just a week or two away from reaching a major milestone ahead of its first NASA astronaut launch.
Part of some kind of Kennedy Space Center (KSC) event on February 1st or 2nd, SpaceX Director of Vehicle Integration Christopher Couluris gave an exceptionally insightful presentation that was apparently recorded and (very) briefly available on YouTube. Aside from a great deal of new and useful information on Falcon booster reusability, Starship manufacturing, and more, Couluris also teased some major news for SpaceX’s Crew Dragon spacecraft.
In short, Couluris revealed that the Crew Dragon spacecraft – capsule C206 and an expendable trunk – assigned to SpaceX’s ‘Demo-2’ NASA astronaut launch debut could arrive at the company’s Florida Dragon processing facilities as early as mid-February, just a week or two from now. At the same time, comments the SpaceX engineer made about the number of SpaceX rocket boosters currently in Florida heavily implied that the Falcon 9 rocket assigned to said astronaut launch debut is already at KSC Launch Complex 39A (or at least nearby).
In other words, after Crew Dragon arrives, SpaceX will have all the hardware on hand and ready for its first NASA astronaut launch – arguably the single most important mission in the company’s history. Barring calamity, all that will remain is a few weeks of processing and an indeterminately long period of NASA/SpaceX reviews and paperwork. Elon Musk recently stated that he was confident that Crew Dragon Demo-2 would be fully ready to launch as early as April 2020, although May or June are also a strong possibility.
Funded by NASA and designed and built by SpaceX, Crew Dragon (Dragon 2) is an upgraded version of the company’s workhorse Cargo Dragon (Dragon 1) spacecraft, which has successfully performed 18 International Space Station (ISS) resupply missions in just eight years. While there’s a chance that SpaceX will ultimately use Crew Dragon for its own needs, like private orbital tourism, the spacecraft’s primary purpose is to routinely carry NASA astronauts to and from the Space Station – a capability the US has not had since NASA and Congress prematurely killed the Space Shuttle in 2011.
Originally intended to launch as early as 2017, both SpaceX and Boeing suffered major delays as they worked through the many challenges associated with human spaceflight and grappled with several years of egregious Congressional underfunding.
Check out Teslarati’s Marketplace! We offer Tesla accessories, including for the Tesla Cybertruck and Tesla Model 3.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
