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SpaceX returns intact fairing half on clawboat in post-launch surprise
Despite a statement from SpaceX CEO Elon Musk that the Iridium-5 mission’s fairing recovery attempt had failed due to a twisted parafoil, Teslarati captured photos of clawboat Mr Steven arriving in the Port of San Pedro early Saturday morning with an apparently intact fairing half.
Not to be confused with the first successfully recovered fairing that returned to land in late February, this half is undoubtedly fresh from Iridium-5’s Friday morning launch. The $2.5 million, carbon composite aluminum fairing half recovered during SpaceX’s PAZ mission on February 22 is currently being stored and scrapped at SpaceX’s brand new port real estate – Berth 240, or the same location that was selected as the probable location for SpaceX’s first BFR manufacturing facility.
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- The Iridium-5 half, however, is not believed to have suffered any significant structural damage during recovery ops. (Pauline Acalin)
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- Falcon 9 1041 rises above a sea of fog for one last mission to orbit. Half of its fairing made a surprise appearance in port on Saturday. (Pauline Acalin)
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- An unmistakable Falcon 9 fairing half seen aboard the vessel Mr Steven on Saturday morning. (Pauline Acalin)
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- Teslarati photographer Pauline Acalin made her way to a foggy Port of San Pedro early Saturday morning to welcome Mr Steven home. (Pauline Acalin)
Compared to Musk’s previous comments during the first intact fairing recovery in late February, it would seem that Iridium-5’s fairing was all but doomed when it “impacted [the] water at high speed,” and the majority of fans appeared to have concluded as much. Following PAZ, Musk tweeted that the Mr Steven had “missed by a few hundred meters, but fairing landed intact in water” – as an incredibly optimized and lightweight structure, a fairing half would likely have to land very gently to avoid breaking into pieces. That Mr Steven’s crew was able to bring the Iridium-5 half aboard all but guarantees that it was floating intact on the ocean surface after touching down.
GPS guided parafoil twisted, so fairing impacted water at high speed. Air wake from fairing messing w parafoil steering. Doing helo drop tests in next few weeks to solve.
— Elon Musk (@elonmusk) March 30, 2018
This does not necessarily contradict Musk’s diagnosis of a twisted parafoil, assuming he was referring to the lines that connect the fairing to the foil – paragliders frequently suffer tangles and twists in their lines, an event that typically warps the parafoil’s structure, thus lowering the amount of lift it can produce as a wing. This is an inevitable risk of what is basically a self-inflating wing, and failures of this sort are known to kill or injure paragliders at low altitudes and can also lead to uncontrolled spinning (although that is very unlikely to occur with a 1000kg payload).
A NASA experiment in the late 90s examined the use of a parafoil to enable gentle, guided landings of an orbital escape pod – the experiment was quite successful. (NASA)
Ultimately, GPS-guided parafoils have been done fairly successfully and many times over during the past two or so decades. For the most part,the problems preventing SpaceX from recovering fairings in Mr Steven’s net have been almost entirely solved: the fact that two fairing halves have been recovered intact after their last two Western launches confirm as much. SpaceX engineers have somehow found a way to enable a highly flexible, lightweight, and aerodynamically awkward lifting body to survive a journey from heights of 110+ km and speeds of more than 2250 meters per second.
SpaceX’s fairings may look unassuming dressed in their subtle soot and simple curved lines, but – as SpaceX has intoned in the past – if landing massive Falcon 9 boosters after launch is akin to “launching a pencil over the Empire State building and having it land on a shoebox on the other side…during a wind storm,” recovering the relatively minuscule and light fairings can be fairly compared to launching a paper bowl over two stacked Empire State Buildings in a tornado and catching it with one hand behind your back on the opposite side – all without ripping, folding, or denting it.
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- It may look unassuming, but that fairing half could swallow an entire school bus and by all means should not be in one piece. (Fairing from PAZ, photo by Elon Musk)
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- Falcon 9 B1041.2 seen before launching Iridium-5. (Pauline Acalin)
SpaceX is 99% of the way to successful and routine fairing recovery and reuse and the final 1% is all about testing and subtle refinement. Future fairing recovery attempts may even be streamed in real time on SpaceX’s webcasts, according to Musk.
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Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
