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SpaceX’s Mr. Steven crosses Panama Canal on 5000 mile journey to Florida
Iconic SpaceX vessel Mr. Steven has completed a successful transit of the Panama Canal as of February 7th, leaving the fairing recovery ship approximately 3-4 days from arrival at its new home in Port Canaveral, Florida.
Mr. Steven’s move from the West Coast to the East Coast comes shortly after a series of controlled fairing recovery tests – dropped by helicopter before deploying a parafoil – brought the vessel closer than ever before to successfully snagging a Falcon fairing out of the air. Thanks to webcams at the landmark, Mr. Steven’s trip through the Panama Canal also revealed that his arms were uninstalled for the coast swap, while two fairing halves – covered in tarps – stood out on the ship’s large deck.
Aaaaand the grand finale, a gif of Mr. Steven’s transit through the Panama Canal’s first western lock (Miraflores). Probably the last we’ll see of him until Port Canaveral, with an ETA around ~4 days from now 🙂#SpaceX pic.twitter.com/DIus6K5hK5
— Eric Ralph (@13ericralph31) February 7, 2019
Although the presence of two fairing halves could be a sign of something else, it could indicate that SpaceX has plans to continue its controlled fairing drop/recovery tests, albeit this time in the Atlantic Ocean. Thanks to a sharp-eyed local observer, it can be observed that, while topped with tarps and safely secured, the fairing halves aboard Mr. Steven had no additional protection against sea spray and the elements over the course of a 5000+ mile (~8000 km) journey at a cruising speed of roughly 20 mph (~32 km/h). In other words, they are most certainly not going to be reused.
If not for reuse, then the only reason Mr. Steven would need to bring fairings to Florida is if there is some need for fairing recovery development hardware (halves that can be abused without opportunity cost), either for more basic mechanical and interface tests with fairings and nets or to continue SpaceX’s program of experimental drop testing.
Is your #MrSteven here in Panama @elonmusk and @SpaceX ? pic.twitter.com/GvTNGYQU9K
— Hugo Tello (@soyhugotello) February 6, 2019
Intriguingly, although SpaceX released a second video of “one” of Mr. Steven’s final West Coast catch tests, some basic sleuthing can easily determine that the test shown in the January 29th video probably occurred more than two weeks earlier, on January 10th. This means that one final helicopter drop test was performed (January 26th) before SpaceX departed Port of LA for Florida on the 29th. Some might conclude, then, that SpaceX’s latest drop tweet was more than a little coy, perhaps indicating that the results of the Jan 26 test may have been appreciably different than the extreme near-miss experienced on the 10th.
While the company’s history – combined with CEO Elon Musk’s welcome tendency of sharing good news almost as soon as he hears it – suggests that the Jan 26 test was probably not a success, SpaceX could be playing its development cards close to its chest when it comes to fairing recovery.
One of Mr. Steven’s final West Coast fairing recovery tests before shipping out for the East Coast. Wait for it… pic.twitter.com/A7q37Gpllu
— SpaceX (@SpaceX) January 30, 2019
Regardless, SpaceX clearly has no plans to end its experimental fairing recovery program with success so agonizingly within reach. Mr. Steven’s move to Florida sets the vessel up for a dramatic increase in available post-launch fairing recovery attempts at the same time as Falcon fairings likely still cost around $3 million apiece and continue to pose the same conundrum Musk raised in mid-2017.
“Imagine if we had a $6 million pallet of cash falling through the sky. Would we try to catch it? I think the answer is yes.” – Elon Musk, July 2017
Although the cost of SpaceX’s fairing recovery program is probably several tens of millions of dollars at this point, it seems probable that Musk would still stand behind his thought experiment. Assuming SpaceX can cost-effectively reuse fairings once recovery is assured, a development program costing upwards of $50-100M could be entirely recouped after just 10-20 dual fairing recoveries, compared to the 21 fairings SpaceX flew in 2018 alone. As long as Falcon 9 and Heavy are likely to continue operating for several more years (all but guaranteed), fairing recovery should still prove worthwhile if SpaceX can close the recovery gap within the next 6-12 months.
Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes!
Tesla is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively.
Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its flagship Model S and Model X earlier this year, which took the two cars out of the ranking.
Cybertruck is not considered due to its curb weight being above the 8,500-pound threshold, which eliminates it from being required to have more detailed assembly information.
Cars.com uses five main categories to develop its rankings:
- Location(s) of final assembly
- Percentage of U.S. and Canadian parts
- Countries of origin for all available engines
- Countries of origin for all available transmissions
- U.S. manufacturing workforce
These five major factors are then put into a 100-point scale. The vehicles with the highest scores sit atop the list. The Model 3 edged out the Model Y.
🇺🇸 The Tesla Model 3 and Tesla Model Y have been put atop the American-Made Index from https://t.co/PXZ0g1pPb6, meaning they are the most American vehicles you can possibly buy.
This is the SIXTH-STRAIGHT year a Tesla has been listed as the most American-made vehicle: pic.twitter.com/HyraOmaxSL
— TESLARATI (@Teslarati) June 23, 2026
Tesla uses a strong domestic strategy to build its cars and parts domestically. It relies on intense vertical integration that reduces its dependence on global suppliers, keeping more value and jobs in the United States.
This strategy has helped Tesla gain a strong reputation for domestically produced vehicles and parts. However, it helps it with more than just awards like this one. Keeping a supply chain local has also helped insulate Tesla more than others from tariffs and supply chain disruptions.
This year’s American-Made Index from Cars.com studied nearly 400 vehicles from the 2026 model year. Tesla was the only manufacturer to have an EV inside the Top 10. The Kia EV9 was the next EV to make the list, scoring the 17th position.
The Hyundai IONIQ 5 was 21st, and the final EV to make the list was the Cadillac LYRIQ in 77th.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
Tesla tops American-Made Index for sixth-consecutive year
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
