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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 just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
