News
SpaceX readies for upcoming February launches
Although no major announcements from SpaceX regarding its upcoming February 14th and February 28th missions have been released, small details about the company’s progress have been picked up through social media and press inquiries as SpaceX fans count down to the next launches.
Under Construction: Launch Pads
First up is the construction status of historic Launch Complex 39A, the pad that SpaceX has been renovating from its Apollo-era days. Upon completion, this pad will host the Falcon Heavy vehicle once development has completed along with all upcoming Falcon 9 Florida launches until other pads currently under construction become available. Some of the pad progress being made in preparation for launch has been tracked by fans and shared on social media.
https://www.instagram.com/p/BQHUvzjFLz8/
Next are the reconstruction plans for Launch Complex 40 to repair the damage caused from the September 1, 2016 launch pad fire. SpaceX President Gwynne Shotwell confirmed in a recent Reuters article that this pad will be repaired for Falcon 9 use rather than refitted for Falcon Heavy. Shotwell quoted a $100 million dollar price tag to make a complete switch, an amount not justified given the 50% less cost estimate to only repair the damaged pad.
Countdown to Launch: NASA
Other than rescheduling the mission ahead of the EchoStar 23 launch, SpaceX’s upcoming February 14, 2017 CRS-10 launch to the International Space Station (ISS) has not had any major updates (or rescheduling) published. The pre-launch static fire is tentatively scheduled for February 8th, and this will be the first SpaceX rocket to launch from pad 39A.
Also, at KSC, the Falcon 9 S1 for CRS-10 is hoping to Static Fire on Feb 8 (NET), pending completion of 39A work. https://t.co/sJzLf6XZyM
— NSF – NASASpaceflight.com (@NASASpaceflight) February 1, 2017
As an interesting note for fans, however, NASA included this launch in its NASA Social program wherein 50 social media communicators were selected to attend a two-day behind the scenes event. Per NASA’s web site, selected participants will have the opportunity to:
- View the launch of SpaceX’s Falcon 9 rocket
- Tour NASA facilities at Kennedy Space Center
- Speak with representatives from NASA
- View and take photographs of the Falcon 9 rocket at SpaceX’s Launch Complex 39A
- Meet fellow space enthusiasts who are active on social media
- Meet members of NASA’s social media team
NASA opens events up to social media participants regularly, and past events have included other launches, the arrival of the Juno spacecraft at Jupiter, and behind the scenes opportunities during major discussion panels and announcements.
A Twitter search for tweets containing the @NASASocial handle will reveal several of the winners who chose to announce their acceptance into the February 14th SpaceX launch event. The hashtags #NASASocial and #Dragon will also be used.
Countdown to Launch: EchoStar 23
The February 28, 2017 launch of EchoStar 23 will attempt to set a spaceflight record by launching with the first recovered and refurbished rocket core. As previously reported, the recovered core being used will aim to make history twice, one being the first core landed on an autonomous droneship off the coast of Florida, and the other being the first recovered rocket core to be re-flown.
SpaceX’s facility in McGregor, Texas has been busy testing the first stage core for re-use in the EchoStar 23 mission. Residents near the location who are active on unofficial SpaceX social media outlets aren’t shy to tell all about the tests as they hear them. Some residents even provide regular reports of the activity, including the number and length of the fires, and further speculate what else the company is up to.
SpaceX took to social media itself regarding these tests and published a photo of one on its Instagram account.
https://www.instagram.com/p/BP8zK2DFxhq/?taken-by=spacex
No News is Good News
As the dates move closer, the scheduling for the upcoming launches will likely adjust as many factors affecting them are still in the air. Weather is always a question, and the status of launch pad 39A is still unknown.
Despite the numerous, multi-front approach SpaceX is tackling to meet all of its launch and construction objectives, the company is still confident it will be able to meet its fast-paced launch schedule over the next year.
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
