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SpaceX Falcon 9 and $1B satellite trio set for first California launch in months
After the better part of both half a year of launch delays and launch pad inactivity, SpaceX and Falcon 9 are ready to return the company’s California-based SLC-4 facilities to action with the launch of the $1 billion Radarsat Constellation Mission (RCM).
Built by Maxar for the Canadian Space Agency (CSA), RCM is a trio of remote-sensing spacecraft designed with large surface-scanning radars as their primary payload. Having suffered years of technical delays during Maxar’s production process, RCM was initially available for launch as early as November 2018. In an unlucky turn of events, issues on the SpaceX side of things took RCM’s assigned Falcon 9 booster out of commission and lead to an additional seven or so months of launch delays. At long last, RCM is just one week away from heading to orbit, scheduled to launch from Vandenberg Air Force Base (VAFB) no earlier than 7:17 am PDT (14:17 UTC), June 12th.
The Goldilocks booster
Once the three RCM satellites were effectively complete, a series of unfortunate circumstances combined to delay the constellation’s launch almost indefinitely. The first domino fell in December 2018, when Falcon 9 Block 5 booster B1050 – having successfully supported Cargo Dragon’s CRS-16 launch – suffered a failure that prevented a successful landing. Incredibly, the booster did survive its accidental Atlantic Ocean landing and is now sitting in a SpaceX hangar, but B1050 is unlikely to ever fly again.
This posed a problem for Maxar and the Canadian Space Agency (CSA), who seem to have contractually requested that RCM launch on either a new or very gently flight-proven Falcon 9 booster. The problem: SpaceX had none of either option available for RCM after B1050’s unplanned swim and needed to balance the needs of several other important customers. Several Block 5 boosters were technically available but all had two or even three previous launches under their belts.
Meanwhile, SpaceX’s booster production had been almost entirely focused (and would remain so months after) on building four new Falcon Heavy boosters and the first expendable Falcon 9 Block 5 booster, reserved for the US Air Force and a long-delayed customer. Since those five boosters were completed and shipped out, just one additional booster (B1056) has been finished, launching Cargo Dragon’s CRS-17 mission just one month ago.
In short, had Maxar/CSA waited for a new booster, RCM’s launch would likely be delayed at least another 30-60 days beyond its current target of June 11th. Instead, they downselected to Falcon 9 B1051, then in the midst of several months of prelaunch preparations for Crew Dragon’s launch debut (DM-1). DM-1 went off without a hitch in early March, after which the gently-used B1051 underwent a brisk ~45 days of inspection and refurbishment before heading west to SpaceX’s VAFB launch pad.
Billion Dollar Babies
From an external perspective, forgoing a twice or thrice-flown Falcon 9 Block 5 booster after nearly a dozen successful demonstrations does not exactly appear to be a rational decision. However, whether it was motivated by conservatism, risk-aversion, or something else, Maxar and CSA likely have every contractual right to demand certain conditions, as long as they accept the consequences of those requirements. In the case of RCM, the customers accepted what they likely knew would be months of guaranteed delays to minimize something they perceived as a risk.
To some extent, it’s hard to blame them. After going more than $400M over budget, the Maxar-built trio of upgraded Radarsat satellites are expected to end up costing more than $1 billion. CSA’s annual budget typically stands around $250M, meaning that this single launch is equivalent to four years of space agency’s entire budget. A failed launch would be a huge setback. Additionally, RCM will likely become the most valuable payload ever launched by SpaceX, beating out the Air Force’s ~$600M GPS III SV01 spacecraft by a huge margin. For RCM, mission assurance is definitively second to none.
If all goes as planned, Falcon 9’s RCM launch should also mark the second use of SpaceX’s West Coast landing zone (LZ-4), christened during the October 2018 launch of SAOCOM 1A – coincidentally, also a radar-carrying Earth observation satellite. This means that press photographers (including Teslarati’s Pauline Acalin and Tom Cross) will have their second chance ever to capture remote images of a SpaceX booster landing.
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Ferrari’s first electric vehicle, the Luce, is fully sold out for 2027, according to CEO Benedetto Vigna.
Presenting third-quarter results, he stated: “Everything we plan to sell next year is already fully allocated. Client test drives, scheduled for next year, will help further boost demand. We have no critical issues, neither on manufacturing nor on the demand side. Obviously, the car is more complex because it has many new parts and many new technologies.”
First customer deliveries are expected before the end of 2026, with the model already commanding waitlists despite a turbulent debut.
The Luce is a five-seat, four-door liftback saloon—the longest Ferrari ever produced—powered by four electric motors producing approximately 1,035 horsepower.
It features an 800-volt architecture, a 122-kWh battery, a claimed WLTP range of around 329 miles, 0-62 mph acceleration in 2.5 seconds, and a starting price near €550,000 in Europe (roughly $560,800–$615,000 in the U.S. depending on configuration).
Developed in collaboration with Jony Ive and Marc Newson’s LoveFrom studio alongside Ferrari’s own Centro Stile, it represents a deliberate departure from the brand’s traditional mid-engine sports cars toward a more spacious, grand-touring format.
Its exterior has proven deeply polarizing. Unveiled in Rome in May 2026, the design features smooth, sweeping surfaces, a large glass roof, and restrained detailing that critics described as bland, generic, or more reminiscent of an Apple product or mass-market EV than a Ferrari.
Ferrari unveils its Luce EV, and its reception has been a disaster
Online reactions included memes comparing it to a Nissan Leaf or Polestar, while former Ferrari chairman Luca di Montezemolo publicly warned of “the destruction of a myth” and suggested the prancing horse logo be removed. Italian politicians and longtime owners joined the chorus of disappointment, and Ferrari’s shares dropped roughly 8% in a single day, erasing billions in market value.
Design experts noted the absence of the brand’s signature tension, aggression, and emotional drama.
Yet the controversy has not translated into weak demand among the ultra-wealthy clientele who actually buy Ferraris. Production volumes remain tightly limited, as reports suggest fewer than 500 units in the current year and a longer-term pace of roughly 600 annually through 2030, preserving exclusivity.
One early chassis sold for $40 million at auction. Vigna has indicated that seeing the car in person, along with upcoming client test drives, is expected to strengthen rather than weaken interest. Ferrari aims for fully electric models to comprise 20 percent of its lineup by 2030, with a second EV now delayed to 2028.
For a brand defined by scarcity and desirability, the Luce’s sell-out status suggests that among those who can afford it, the polarizing design has not proven to be a commercial liability.
Tesla and SpaceX shares fell on Wednesday after Democrats swept both chambers of Congress. The decline stood out as broader market securities recovered and turned positive, while both of Musk’s publicly traded companies lagged.
CEO Elon Musk already joked about the unsuccessful campaigning for the Republicans, but now the new party will make pretty drastic changes to how it handles Tesla and SpaceX, and those companies will adjust their outlook.
Let’s take a deeper look.
Tesla ($TSLA)
Tesla shares traded lower during the regular session after Democrats secured both the House and Senate. The stock was down 2.32 percent at around 1:45 p.m. on the East Coast, trading at around $389.30.
The pressure is tied to more than the raw scale of Musk’s political spending, estimated at $450–474 million this cycle with roughly $224 million directed at Texas. In that state, Tesla now faces a Democratic governor and a Democratic senator after Gina Hinojosa unseated Greg Abbott and James Talarico defeated Ken Paxton.
The Austin Gigafactory, Robotaxi pilot programs in multiple Texas cities, and any related AI compute expansion sit under a new state executive who campaigned against certain corporate subsidies and floated a moratorium on new data-center construction.
Federally, Democratic control of key committees opens the door to deeper examination of Tesla’s autonomous-driving safety record, federal energy-storage and manufacturing incentives, and the national-security implications of any combination with SpaceX.
Investors are also weighing whether the company’s historically close alignment with the prior Republican leadership will invite slower permitting, additional hearings, or tighter rules on Full Self-Driving deployment.
For Tesla, the political shift adds near-term friction around state permitting and federal regulatory approvals for autonomy and energy storage. A potential merger with SpaceX may face slower review even if it proceeds.
Core growth drivers such as vehicle deliveries, energy deployments, and robotaxi rollout remain intact, yet the stock now carries a higher political-risk premium that could weigh on valuation until the company demonstrates workable relationships with the new Texas leadership and congressional majorities.
SpaceX ($SPCX)
SpaceX shares also declined in live trading on November 4 following the Democratic midterm sweep. The stock traded at $134.97, down 4.49 percent. The drop occurred even as broader indexes stabilized, highlighting a company-specific reaction to the election outcome.
Musk’s large contributions, concentrated in Texas races that both companies lost, place SpaceX’s Starbase launch facility and headquarters under a new Democratic governor.
At the federal level, Democratic control of Congress enables greater scrutiny of NASA, the Department of Defense, and other contracts that support a meaningful share of revenue, along with reviews of Starlink national-security uses and any Tesla merger. Analysts have noted that empowered committees can hold hearings and request documents on these relationships.
For SpaceX, the results raise the risk of delayed contract awards, higher compliance costs, and tighter constraints on AI and satellite infrastructure expansion, particularly in Texas where a data-center moratorium has been discussed.
A merger with Tesla could encounter political friction that slows integration of launch, connectivity, and autonomy capabilities.
While Starlink growth and launch cadence continue as primary drivers, the company faces a more contested path for federal funding and state-level operations, requiring management to rebuild ties with the new congressional majorities and Texas leadership to limit the overhang.
Tesla’s new vehicle registrations in Germany rose sharply in October, nearly quadrupling from the same month a year earlier. That’s according to data from the KBA, Germany’s federal motor transport authority.
The KBA reported 2,932 Tesla vehicles registered in October, a 290.9 percent year-over-year- increase. For the first ten months of the year, Tesla’s cumulative registrations reached 47,742 units. This number is up 206.1 percent compared with the January-October period of 2025. These gains occurred against a backdrop of strong overall growth in the BEV sector as a whole.
Germany registered 94,086 new BEVs in October, a 79.5 percent rise that brought the BEV share of the passenger car market to 37 percent of the 254,492 total cars registered that month.
🇩🇪 Tesla’s new registrations in Germany nearly quadrupled in October, according to KBA data.
October: 2,932 units, +290.9% YoY Jan–Oct: 47,742 units, +206.1%
Germany’s overall BEV market grew 79.5% to 94,086 units last month. https://t.co/GMwNqsFAOC
— TESLARATI (@Teslarati) November 4, 2026
Despite the percentage surge, Tesla’s absolute numbers left it with a 1.2 percent share of all new car registrations for October. Chinese competitors did record higher volumes, as BYD registered 5,173 vehicles, a 2 percent share, Leapmotor with 3,661 cars, which equates to 1.4 percent, and Xpeng had a 0.5 percent share.
Year-to-date through October, BYD edged ahead of Tesla with 47,961 registrations versus Tesla’s 47,742.
The October results follow a notably strong September for Tesla in Germany, when it registered 12,552 vehicles, an increase of roughly 269 percent year-over-year and one of its strongest monthly totals on record in the country. That month, the Model Y led all EVs and ranked among the top-selling vehicles of any powertrain.
The figures form part of a broader recovery in Tesla’s European registrations after an extended period of softer demand. While monthly volumes remain subject to typical quarter-end patterns and competitive pressure from both established European brands and rapidly expanding Chinese manufacturers, the year-to-date growth indicates improved traction in Europe’s largest car market.
Tesla’s Gigafactory Berlin-Brandenburg continues to supply the region, positioning the company to capture a share of the expanding German BEV market as overall EV adoptions looks to be accelerating.
Ferrari Luce sold out for 2027 after design controversy
Musk’s Tesla and SpaceX decline after Democratic Midterm sweep
