News
SpaceX’s recovered fairing spotted sailing into port on Mr Steven
Just 24 hours after gently landing in the ocean, SpaceX recovery technicians have successfully recovered one half of an intact Falcon payload fairing for the first time ever. Photos of the return to Port of San Pedro in Southern California, captured by Teslarati photographer Pauline Acalin, show that the halve recovered is in amazing condition considering its journey from speeds of nearly two miles per second (approximately 30 football fields per second, or more than ten times faster than a commercial passenger jet), to a soft, watery halt.
Despite the fact that SpaceX’s recovery boat, Mr Steven, was unable to catch the fairing as intended, a truly 100% successful recovery using the vessel’s specially-designed net is all but a foregone conclusion. If the fairing can gently land in the ocean looking as good as this article does, avoiding the water entirely should be a relatively simple matter of tweaking recovery hardware and software – a slightly larger parafoil as mentioned by Elon Musk, for example.
Mr Steven proudly returns to port with fairing halve in tow. (Pauline Acalin)
This recovery marks the end of yet another successful flight-proven SpaceX launch, this time tasked with carrying the Spanish PAZ imaging satellite and two SpaceX Starlink prototypes into a sun-synchronous orbit around Earth. We’re just two full months into 2018 and SpaceX appears to already be nearing the end of its fairing recovery development program, with operational fairing recovery and reuse the next (imminent) task at hand.
The most important unknown here is just how well SpaceX’s fairing design is able to cope with even brief contact with or immersion in saltwater, a natural corrosive agent. As a Teslarati reader rightly noted, carbon fiber composites do currently see quite a bit of use in boating, apparently no worse for wear in terms of maintainability. However, carbon fiber components on marine vessels are treated and coated with specially-chosen laminates and waterproofing materials to prevent saltwater intrusion. It’s unclear if SpaceX’s fairings include the same sort of treatment, although it can be all but guaranteed that the outside of the fairing is designed to be perfectly sealed against the environment – a necessity to protect sensitive satellite components from local weather and humidity.
Mr. Steven pulling into port in San Pedro with a beautifully intact fairing. Next attempt at catching the fairing in the ship’s net is about a month away! #spaceX #paz @teslarati #starlink pic.twitter.com/FM2tpowktL
— Pauline Acalin (@w00ki33) February 23, 2018
Of course, reuse for this particular fairing half may be out of the question given its pathfinder position. SpaceX may destructively analyze and test the recovered fairing to gather as much detail as possible about its condition after a rough reentry and some ocean-floating leisure time. In line with my above speculation, recovery technicians and engineers will judge how much (if any) saltwater managed to get inside the fairing, while also judging the condition of the giant halve’s carbon composite structure. Just like SpaceX chose to display its first successfully landed Falcon 9 booster outside of their Hawthorne, CA factory, they may hold onto this intact fairing as a piece of SpaceX history, maybe even put it on display in or around one of SpaceX’s US facilities.
-
- For the first time, photographers have a chance to photograph a single fairing halve in high detail. (Pauline Acalin)
-
- Mr Steven is looking as good as ever, despite not being able to flex its new net. (Pauline Acalin)
-
- Could just be me, but that is one BEAUTIFUL hunk of carbon fiber and aluminum. (Pauline Acalin)
-
- (Pauline Acalin)
-
With the next Mr Steven-led fairing recovery set to occur on March 29, SpaceX will have plenty of additional options to firm up their expertise with the newly successful practice. In fact, the upcoming February 25 launch and “hot” landing of Hispasat 30W – this time on the East coast – could also see its own successful fairing recovery, given the fact that PAZ’s fairing technically survived intact without the use of Mr Steven’s gentler catching mitt. Time will tell!
Follow us on social media for down-to-the-minute and behind the scenes updates on SpaceX activities.
Teslarati – Instagram – Twitter
Tom Cross – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
-
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
-
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
-
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
-
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
-
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
