SpaceX is set to make history by returning southern trajectory polar corridor launches to Florida’s Space Coast with the launch of the Argentine SAOCOM-1B radar observation satellite later this month. Tentatively set to get off the ground no earlier than Saturday, July 25 the SAOCOM-1B mission has suffered delays ranging from hardware processing and integration to international launch team travel restrictions as a result of the global coronavirus pandemic.
In late February 2020, the SAOCOM-1B satellite departed Argentina aboard a Russian Antonov AN 124 cargo aircraft and arrived at the Shuttle Landing Facility in Cape Canaveral, Florida. It was expected that launch and processing teams from Argentina’s National Commission for Space Activities (CONAE) would quickly follow to meet a March launch timeline. However, international travel restrictions imposed by the Argentine government in early March meant that SpaceX would have to wait an indeterminant amount of time to attempt the historic polar launch from Florida. As a result, the satellite was put into storage in one of SpaceX’s satellite processing facilities in Florida to await the arrival of its launch team.
A change in launch plans
The SAOCOM-1B satellite was initially thought to launch from Vandenberg Air Force Base (VAFB) in California just as its twin predecessor, the SAOCOM-1A satellite did in October of 2018. At the time VAFB was the only US-based launch site used for polar orbit launch corridor services. However, Cape Canaveral Air Force Station had previously announced the option to re-open a southern polar orbit launch corridor from Florida in 2017, a launch trajectory that hadn’t been used in over half a century.
The option of polar trajectory launches from Florida increased SpaceX’s capacity to streamline its launch manifest to the company’s dual launchpad locations on Florida’s East Coast. In 2019, as reported by Michael Baylor of NASASpaceflight.com, SpaceX formally requested to move the launch of the SAOCOM-1B satellite from VAFB to Florida utilizing a southern, coast-hugging dog-leg trajectory over Cuba to a final polar orbital inclination.
For those asking for a visual of what a southward, doglegged polar launch trajectory out of Cape Canaveral will look like, here you go. https://t.co/FTTW8mbq0J pic.twitter.com/59YXoERkQl— Chris G (@ChrisG_SpX) October 9, 2019
The SAOCOM-1B satellite will join its L-Band, synthetic-aperture radar (SAR) SAOCOM-1A sister satellite in a sun-synchronous orbit (SSO) – essentially an orbit over the poles of the planet that allows the solar arrays of the satellite to be in sunlight at any given time. The satellites operate in SSO and use L-Band and synthetic-aperture radar to create two-dimensional, all-weather Earth observation imagery to assist in global disaster-monitoring efforts. The sister satellites will also work in conjunction with a constellation of four Italian satellites already in orbit operated by COSMO-SkyMed.
Return to operational status
Following the easement of certain international travel restrictions in mid-July, a slim crew of 18 team members from CONAE and SAOCOM-1B satellite manufacturer INVstigacion APlicada (INVAP) was permitted to travel to Florida. The team members tested negatively for the COVID-19 virus prior to commercially traveling to Florida from Argentina, as well as, after their arrival at Miami International Airport. The team observed a two-week period of quarantine prior to traveling to SpaceX facilities at Cape Canaveral Air Force Station to begin pre-operational tasks.
On Monday, July 13 the team was able to get to work on launch campaign tasks with the satellite that had endured months of storage. The team ensured the health of the satellite and completed a full launch day simulation managed remotely from locations in Florida and Argentina. Following a successful run through and check of the satellite’s operational status, the launch campaign has just a few remaining steps before rocketing SpaceX into the history books once again.
SpaceX and CONAE teams will work together to safely encapsulate the satellite inside of a protective Falcon 9 payload fairing and mate the payload with the first stage Falcon 9 booster. Furthermore, the teams will complete a joint integration test of the payload and launch vehicle before finally transporting it to the launch pad.
The SpaceX launch manifest has recently undergone some schedule shuffling potentially leaving the SAOCOM-1B mission to be third in line behind the launch of the South Korean ANASIS-II military communications satellite and the delayed Starlink-9 mission. However, earlier in the week, the Starlink-9 booster was lowered from launch position at LC-39A and returned to the horizontal integration facility following a scrubbed launch attempt with SpaceX citing that more time was necessary to perform final check-outs. This most likely suggests that SpaceX plans to push the SAOCOM-1B mission ahead of Starlink-9 in the launch manifest.
According to CONAE, the SAOCOM-1B mission launch window extends from Saturday, July 25 to Thursday, July 30 with a targeted liftoff at approximately 7:19 p.m. EDT (2319 GMT) from SLC-40.
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Investor's Corner
BNP Paribas Exane initiates Tesla coverage with “Underperform” rating
The firm’s projections for Tesla still include an estimated 525,000 active Robotaxis by 2030.
Tesla (NASDAQ: TSLA) has received a bearish call from BNP Paribas Exane, which initiated coverage on the stock with an Underperform rating and a $307 price target, about 30% below current levels.
The firm’s analysts argued that Tesla’s valuation is driven heavily by artificial intelligence ventures such as the Robotaxi and Optimus, which are both still not producing any sales today.
Tesla’s valuation
In its note, BNP Paribas Exane stated that Tesla’s two AI-led programs, the Robotaxi and Optimus robots, generate “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” The research firm’s model projected a maximum bull-case valuation of $2.7 trillion through 2040, but after discounting milestone probabilities, its base-case valuation remained at $1.02 trillion.
The analysts described their outlook as optimistic toward Tesla’s AI ventures but cautioned that the stock’s “unfavorable risk/reward is clear,” adding that consensus earnings expectations for 2026 remain too high. Tesla’s market cap currently stands around $1.44 trillion with a trailing twelve-month revenue of $92.7 billion, which BNP Paribas argued does not justify Tesla’s P/E ratio of 258.59, as noted in an Investing.com report.
Tesla and its peers
BNP Paribas Exane’s report also included a comparative study of the “Magnificent Seven,” finding Tesla’s current market valuation as rather aggressive. “Our unique comparative analysis of the ‘Mag 7’ reveals the extreme nature of TSLA’s valuation, as the market implicitly says TSLA’s 2035 earnings (~55% of which will be driven by Robotaxi & Optimus, w/ zero sales now) have the same level of risk & value-appropriation as the ‘Mag 6’s’ 2026 earnings,” the firm noted.
The firm’s projections for Tesla include an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040 priced above $20,000 each, and more than 11 million Full Self-Driving subscriptions by 2030. Interestingly enough, these seem to be rather optimistic projections for one of the electric vehicle maker’s more bearish estimates today.
News
Tesla FSD’s new Mad Max mode is getting rave reviews from users
It does appear that Mad Max mode is destined to be one of the system’s biggest steps forward to date.
Tesla’s release notes for the newly released Mad Max mode for FSD (Supervised) V14.1.2 simply stated that the feature “comes with higher speeds and more frequent lane changes than Hurry.” But as per videos that have been posted online by FSD users who have tested the system, it does appear that Mad Max mode is destined to be one of the system’s biggest steps forward to date.
It is then no surprise that the new capability is getting rave reviews from Tesla owners.
Impressive tests
A look at posts on social media platform X would show that, similar to past FSD releases, numerous Tesla content creators immediately tested Mad Max mode on real-world streets after it was downloaded onto their vehicle. Considering that the update was released rather late, the first tests of Mad Max mode were done at night. Despite this, it was evident that Tesla worked very hard to make Mad Max mode into something that is very useful in real-world scenarios.
This could be seen in videos from longtime Tesla owner @BLKMDL3, who observed that Max Max mode was “amazing” and like “perfect for LA traffic” due to its cautious but assertive nature. Later on, the Tesla owner noted that after eight drives, it was evident that FSD (Supervised) V14.1.2 was impressive.
Assertive but safe
Other testers such as Model Y owner Sawyer Merritt noted that Mad Max mode drives very quickly and confidently, with smoother acceleration that is still very safe. These were echoed by another longtime FSD tester, Dirty Tesla, who noted that Mad Max mode seems to be designed for heavy, aggressive traffic so users could fit in better. The FSD user did, however, observe that Mad Max mode does speed up a lot on open roads.
Recent comments from Tesla AI Head Ashok Elluswamy have indicated that Mad Max mode was created to be a solution for daytime congested traffic, which is arguably one of the most soul-crushing experiences that drivers deal with on a daily basis. With this in mind, it does appear that FSD (Supervised) V14.1.2 could prove to be a notable step forward in Tesla’s push towards true autonomous driving.
Elon Musk
Elon Musk highlights the biggest flaw in X’s monetization program
Elon Musk also stated that YouTube manages creator payments “much better.”
Elon Musk has admitted that X’s creator payout system isn’t living up to expectations, and he has highlighted the current system’s biggest flaw.
Amidst complaints about low and inconsistent payments, the platform’s owner acknowledged that X has been “underpaying and not allocating payment accurately enough.” Musk also stated that YouTube manages creator payments “much better.”
Musk acknowledges payout issues
Recent discussions about the social media platform’s payout issues began when X product head Nikita Bier stated that the company was developing new upgrades for “power users.” This prompted X user Peter Duan to raise ongoing concerns about being “consistently underpaid” compared to his peers. Bier responded candidly, suggesting that “creator payouts do more harm than good and we need to off-ramp to a different system.”
Musk then weighed in on the matter, contradicting Bier’s view. “No,” Musk wrote in his reply, “the issue is that we are underpaying and not allocating payment accurately enough. YouTube does a much better job.” The Tesla CEO’s comment immediately reignited debates about X’s monetization program, which some have criticized for its rather unpredictable nature.
X’s monetization challenges
Since X launched its ad revenue-sharing program in 2023, the system has promised to reward Premium subscribers who generate high engagement with verified accounts, as noted in a WION report. Creators, however, have argued that the company’s payout model has remained inconsistent, with revenue fluctuating even when view counts stay stable. Reports have noted that some users with millions of monthly impressions have received just a few hundred dollars.
By contrast, YouTube’s Partner Program, which takes a 45% cut of ad revenue, is known for more transparent and predictable payments. Musk’s admission that YouTube handles monetization more effectively could then hint at a potential shift towards a new monetization program for X, a platform that has become increasingly critical to social conversations over the years.
BNP Paribas Exane initiates Tesla coverage with “Underperform” rating
Tesla FSD’s new Mad Max mode is getting rave reviews from users
Elon Musk highlights the biggest flaw in X’s monetization program
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