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.
- A SpaceX technician works aboard the rain-soaked drone ship Just Read The Instructions, March 2018. (Pauline Acalin)
- More recently, all four thrusters were installed and tested both while berthed and at sea. May 11. (Pauline Acalin)
- 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.
- 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)
- 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!
Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.




