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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.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
