News
SpaceX’s Pacific rocket recovery fleet heads to sea for Western Block 5 debut
SpaceX drone ship Just Read The Instructions was spotted by Teslarati photographer Pauline Acalin departing Port of Los Angeles on the evening of July 22, while fairing catcher Mr Steven completed final checkouts and full installation of his massive new net, hopefully just days away from the first successful fairing catch. Their call to action, Iridium NEXT-7, is scheduled to launch NET 04:39 PDT/11:39 UTC, July 25th.
Over the course of July, both vessels have been undergoing significant maintenance and upgrades. Mr Steven’s was perhaps the most extreme – his original arm and net apparatus was removed in its entirety and replaced with a massively upgraded system of arms, booms, and a brand new net, well and truly expanding the vessel’s catching area by a factor of four.
With a new net and arm span stretching at least 60 meters by 60 meters, Mr Steven’s improved fairing catching mechanism is now almost the same size as the landing area aboard SpaceX’s two autonomous spaceport drone ships – roughly 200ft x 300ft (60m x 90m). While presumably a pure coincidence, the size parallels apparently necessary to recover two very different components of Falcon 9 – the booster rocket and the payload fairings – is rather satisfying.
A last hurrah?
Intriguingly, ASDS Just Read The Instructions has stoically remained at SpaceX’s Port of San Pedro, CA berth for more than nine months, wholly unused despite the fact that the company has completed four additional missions since its last tasked booster recovery (October 2017, Iridium-3). It’s not a coincidence that all four of those Vandenberg AFB missions featured boosters that had already successfully launched and landed once before – SpaceX made a habit over the last four months of intentionally expending Falcon 9 boosters after their second missions, even when the launch conditions would allow for booster recovery.
This mission will thankfully bring an end to that understandable but still-painful practice, thanks to Iridium-7’s new Block 5 booster, B1048. Many of the months JRTI spent at berth were without the pod thrusters the drone ship needs to keep itself at the proper landing point once at sea, but JRTI departed the port with a full complement of four blue thrusters on the evening of July 22. However, it’s unclear how much SpaceX will need the vessel within just a month or two from today.
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- A SpaceX technician works aboard the rain-soaked drone ship Just Read The Instructions, March 2018. (Pauline Acalin)
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- More recently, all four thrusters were installed and tested both while berthed and at sea. May 11. (Pauline Acalin)
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- JRTI captured conducting sea-trials by photographer Chuck Bennett. (Instagram, @chuckbennett)
At long last, SpaceX’s planned, built, and now-patiently-waiting West Coast landing zone is finally finished, permitted, and in the green to begin supporting Falcon 9 return-to-launch-site (RTLS) recoveries at Vandenberg Air Force Base. Effectively a basic copy of SpaceX’s now well-worn landing zone pair in Cape Canaveral, Florida, the company’s VAFB LZ-1 has been hinted at in two FCC launch permits for launches as early as the first and last weeks of September. Aside from Iridium launches, of which just one will remain after Iridium-7, nearly all of SpaceX’s West Coast launches are for fairly lightweight payloads that should easily allow Falcon 9 RTLS recoveries.
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- Iridium-1’s successful and scenic landing on Pacific drone ship JRTI, January 2017. This could be an increasingly rare occurrence in the Pacific, thanks to SpaceX’s new land-based landing zone. (SpaceX)
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- SpaceX’s West Coast landing zone is preparing for its debut, currently NET October 6th 2018. (Pauline Acalin/Teslarati)
Environmental conditions mean that JRTI will still be needed regularly for a handful of months (March through June) to avoid disrupting baby seals (pups, technically), but the vessel’s recovery efforts this week may be one of the last ‘off-season’ examples for months or even years to come. On the plus side, RTLS recovery at SpaceX’s VAFB landing zone will be an absolute dream for recovery technicians, as the LZ is directly beside the launch pad and hangar, where recovered Block 5 boosters can likely be refurbished or at least easily packaged and shipped to the Hawthorne factory.
For more sneak peeks and exclusive behind-the-scenes footage of SpaceX’s rocket recovery fleet, including drone ship Just Read The Instructions, be sure to subscribe to our exclusive membership program!
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
