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 the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
The Tesla Model 3’s cheapest trim level just got a major accolade, as Edmunds just revealed the Rear-Wheel-Drive trim of the all-electric sedan is the most efficient EV that is currently in production.
The 2026 Tesla Model 3 Rear-Wheel-Drive not only beat its EPA-estimated range by 30 miles, but it also bested its efficiency mark by 13.2 percent. The Model 3 tested by Edmunds traveled 393 miles, beating its EPA rating by 8.3 percent, while it returned 21.7 kWh per 100 miles, or 4.61 mi/kWh.
Beating those two metrics is especially pertinent when it comes to EV ownership and driving down the cost of ownership from ICE counterparts across the board. The real money savings come from driving down the cost of driving per mile, especially when it comes to high-mileage driving.
Edmunds stated in its report and review that the process it uses to test EV efficiency is aimed at giving “the most accurate representation of a car’s real-world range.” The assessment uses a strict route that features 60 percent city and 40 percent highway driving, and an average speed of 40 MPH across the trip.
It also drives each car within 5 MPH of all posted speed limits, and the climate control is set on Auto at 72 degrees to ensure even testing. In other words, Edmunds does not use methods to maximize efficiency, and instead tries to make it reasonable to achieve the same ratings yourself.
In comparison to other EVs, it beat the 2026 Mercedes-Benz CLA 350, which went 385 miles, as well as the 2026 Audi A6 Sportback E-tron Prestige AWD, which traveled 392 miles. Only the Mercedes-Benz CLA 250+ traveled farther, making it an impressive 434 miles on a charge.
However, the Tesla Model 3 RWD’s efficiency is “unmatched” because of its incredibly low energy usage per mile.
🚨 Tesla Model 3 RWD:
-At $36,990, it is $9,000 cheaper than the average transaction price for a new car ($46,023 via KBB)
-Was 13.2% more efficient than its EPA estimate
-Traveled 393 miles on a charge despite its 363-mile EPA range https://t.co/Grov2hXqpa pic.twitter.com/Zl8rnZZLIB
— TESLARATI (@Teslarati) June 8, 2026
The Model 3 Rear-Wheel-Drive might be the best bang-for-your-buck EV if you’re looking to buy new and want access to features like Full Self-Driving, while also being aware of efficiency. This trim of the Model 3 is also priced over $9,000 cheaper than what Kelley Blue Book says the average transactional price for a new car was in May 2026, which sits at $46,023.
If you’re looking for something with more speed, an All-Wheel-Drive drivetrain, or more premium features, the Premium trims of the Model 3 currently come with one year of Free Supercharging.
The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.
According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.
At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.
The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.
SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.
Important pieces moving forward include:
- Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
- Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
- AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
- Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.
The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.
For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.
For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.
All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.
Tesla tipped its hand at where Robotaxi is heading next
Tesla Model 3’s cheapest trim just got a major accolade
