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SpaceX’s recovery boat Mr Steven has a new net to catch Falcon 9 fairings
While photographer Pauline Acalin just barely missed a toasty Cargo Dragon returning to roost earlier that morning, a routine checkup on SpaceX’s Port of Los Angeles facilities revealed a hefty new net installed on the recovery boat Mr. Steven, as well as noteworthy activity at the huge tent currently harboring the rocket company’s BFR tooling.
After completing a thrillingly routine International Space Station resupply mission (SpaceX’s fourteenth) and spending a month on orbit, the commercial spacecraft reentered Earth’s atmosphere at a respectable 7.5 km/s before splashing down in the Pacific Ocean for the second time. Currently, SpaceX’s Dragon capsule is the only operational spacecraft capable of returning an appreciable amount of cargo from the ISS, and Capsule 110 (1 referring to Dragon 1, 10 referring to the tenth integrated spacecraft) returned even more cargo (nearly 2 mT) than it delivered to the ISS, including the space robot Robonaut 2, various completed experiments, and expired hardware. As of CRS-12, SpaceX has effectively ended production of new Cargo Dragon capsules, and has since flown two additional missions using refurbished capsules, perhaps paving the way for the first-ever triple reuse of an orbital commercial spacecraft. CRS-15, Dragon’s next flight, is currently scheduled for early July.
Here’s the SpaceX Dragon capsule that came back to Earth over the weekend being unloaded in San Pedro’s Outer Harbor this morning. Photo by Chuck Bennett. pic.twitter.com/GBypff51MW
— Megan Barnes (@meg_barnes) May 7, 2018
Although Pauline missed the battle-scarred capsule’s second return to Port of San Pedro, her travels were not for naught. Berthed at SpaceX’s leased dock space, SpaceX recovery technicians appeared to have installed and rigged a brand new net aboard fairing recovery vessel Mr. Steven in the several days between her visits. While he has yet to catch a fairing out of the sky (the ultimate goal of the program), the vessel has returned to land two of three largely intact fairing halves, the only payload fairings to have ever been recovered in one piece after an operational rocket launch. The first successful recovery followed PAZ, and although – per sources familiar with the matter – that particular half experienced catastrophic cracking while being hoisted from the ocean onto Mr. Steven’s deck, it appears that the second intact half (following Iridium-5) did not meet the same fate. It’s probable that – assuming Musk does mean to conduct helicopter drop tests – the structurally-intact Iridium-5 half is thus a prime candidate for air drop tests to perfect the system’s accuracy, as fairings immersed in saltwater are not candidates for operational reuse.
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- It’s good to first remember just how huge Falcon payload fairings are. (NASA, 2018)
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- Soon after parafoil deployment, a payload fairing is captured gliding gently ahead of a soft ocean landing. (Elon Musk)
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- PAZ’s recovered fairing half sadly cracked beyond repair while being hauled aboard Mr Steven. (Pauline Acalin)
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- The Iridium-5 half, however, is not believed to have suffered any significant structural damage during recovery ops. (Pauline Acalin)
Meanwhile, several thousand miles to the East, SpaceX nailed their first intact recovery of a fairing half in the Atlantic following the historic and successful launch of NASA’s TESS, an exoplanet observatory that will more than fill the boots soon to be left empty by forlorn Kepler. Likely to discover thousands upon thousands more planets orbiting other stars, it is perhaps fitting that the mission also featured a successful Falcon 9 booster recovery and the first-ever (more or less…) intact recovery of both halves of a payload fairing. One half was absolutely shredded, but USLaunchReport reported that the half not caught on video was in comparatively perfect condition.
Returning to Mr. Steven’s visibly-upgraded catcher’s mitt, the newly-installed net is by all appearances magnitudes larger, heavier, and stronger than the minimal mesh specimen it is clearly replacing. Given the fact that SpaceX thus far has self-admittedly failed to catch a gliding fairing half in the net, it seems unlikely that such a drastic upgrade would be necessitated by any field-testing that occurred since Mr. Steven’s debut late last year. Rather, a significantly more capable net seems to more readily fit alongside CEO Elon Musk’s tweet reveal three weeks prior that SpaceX would attempt to close the final major loop of Falcon reusability by recovering the orbital upper stage (S2). Estimated to weigh approximately 4000 kilograms empty, the upper stage is a minimum of four times heavier than Falcon 9’s payload fairing halves, Mr Steven’s current meal of choice. Judging from the new net’s beefy rigging, broader bars, and general appearance, one could safely argue that it looks at least several times stronger than the mesh net before it. One could also argue that the absolutely massive metal arms installed on Mr. Steven are far larger than what might be required to catch the extremely low mass-to-area ratio payload fairings, with structural heft and bulky netting more reminiscent of safety nets present on naval vessels that are designed to catch aircraft and helicopters weighing five metric tons or more.
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- Although both halves clearly attempted soft-landings with parafoils (evidenced by the black metal bars sticking up here), only one of them made it back intact. (USLaunchReport)
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- The half not pictured in these photos was reportedly more or less intact, successfully landing in the ocean after launching NASA’s TESS. (USLaunchReport)
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- Mr Steven is currently undergoing arm surgery (upgrades) at SpaceX’s future BFR factory lot, known as Berth 240. (Elon Musk)
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- Mr Steven and his fancy net 2.0, caught on May 7. Bright yellow…for style. (Pauline Acalin)
Currently scheduled to liftoff around 4:12 p.m. EST May 10 from SpaceX’s LC-39A Florida launch pad, the company’s next mission will send Bangladesh’s first communications satellite – Bangabandhu-1 – to a geostationary transfer orbit. Equally significant, it will hopefully become the successful inaugural flight of Falcon 9 Block 5, a highly reliable and reusable collection of upgrades to the workhorse SpaceX rocket. Soon after, SpaceX will likely aim to complete two additional launches in late May, one from California’s Vandenberg Air Force Base (Iridium-6/GRACE-FO) and the other from LC-40 in Cape Canaveral (SES-12). While the latter two launches – per their flight-proven boosters – will be expended, the first Block 5 booster (B1046) will attempt to land aboard drone ship Of Course I Still Love You, already on station in the Atlantic.
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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’
