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SpaceX’s record-breaking Falcon 9 booster returns to port
SpaceX’s latest record-breaking Falcon 9 booster has returned to port after completing its 13th launch and landing.
Falcon 9 B1060 lifted off for the first time in June 2020 with the US military’s third next-generation GPS III satellite safely cocooned inside a payload fairing. Unlike B1054, which the US Air Force required SpaceX to expend after their first GPS III satellite launch, the military allowed the company to attempt to recover booster B1060. That first successful recovery would unknowingly pave the way for a future of firsts and for an exceptionally productive career.
After GPS III SV03, B1060 occasionally supported commercial launches like Turkey’s Turksat 5A geostationary communications satellite and one of SpaceX’s own Transporter rideshare missions, but the booster has primarily been assigned to Starlink launches. In early 2021, the booster smashed SpaceX’s internal turnaround record and spent just 27 days on the ground between its fourth and fifth launches – halving the 54-day record set by NASA’s Space Shuttle, the only other orbital-class rocket that has ever been repeatedly reused.
B1060 has singlehandedly supported the launch of 550 Starlink satellites weighing more than 150 metric tons (>330,000 lb). Altogether, it’s helped launch more than 640 satellites with a collective weight around 165 tons. After its June 17th launch of Starlink 4-19, it’s also supported more orbital-class launches and landings – 13 – than any other Falcon booster, although Falcon 9 B1051 and B1058 are close behind with 12 launches apiece.
According to senior SpaceX engineers and executives that recently provided exclusive interviews to Aviation Week, the company no longer believes it will need to fly Falcon 9 boosters more than 15 times each, with the implication being that Starship – a next-generation, fully-reusable rocket – will soon begin to take over. Once a Falcon 9 booster (now likely to be B1060) completes its 15th launch, SpaceX intends to take it out of service and perform extensive inspections. If the data gathered is encouraging, it will certify all current and future Falcon boosters for 15 launches each.
It’s unclear if that 15-flight target is a firm cap or if exceptionally productive boosters like B1060, B1051, and B1058 will be allowed to continue pushing the envelope of reuse on future Starlink missions. At their current rate of launch, there’s a good chance that all three could complete 15 launches before the end of 2022. Slightly older and more tempermental, booster B1049 will reportedly be expended after its eleventh launch sometime later this year. If SpaceX’s plan is to full remove boosters from service after Flight 15, the company’s fleet of regularly flying boosters could plummet from 12 to 8 around around the end of 2022 or early 2023.
Following B1060’s June 21st port return, Falcon 9 booster B1061 sailed into port on SpaceX’s other East Coast drone ship on June 22nd after SpaceX launched Starlink 4-19 and Globalstar FM15 (B1061’s latest mission) 36 hours apart the weekend prior. That kind of rapid-fire cadence will likely become a regular occurrence in the second half of 2022 if SpaceX continues to launch an average of once per week, and the company is showing no signs of slowing.
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
