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SpaceX’s Mr. Steven preparing for first Falcon 9 fairing catch attempt in months
SpaceX recovery vessel Mr. Steven has spent the last several weeks undergoing major refits – including a new net and arms – and testing the upgraded hardware in anticipation of the vessel’s first fairing catch attempt in more than four months.
Required after a mysterious anomaly saw Mr. Steven return to Port in February sans two arms and a net, the appearance of a new net and arms guarantees that SpaceX is still pursuing its current method of fairing recovery. Above all else, successfully closing the loop and catching fairings could help SpaceX dramatically ramp its launch cadence and lower costs, especially critical for the affordable launch of the company’s own Starlink satellite constellation.
The Saga of Steven
For a few months of 2019, it was entirely conceivable that SpaceX had all but given up on catching Falcon fairings, having spent the better part of 2018 without a single success during both post-launch and experimentally controlled catch attempts. Admittedly, a year may feel like a huge amount of time, but SpaceX has demonstrated just how hard the reliably successful recovery of orbital-class rocket hardware really is.
Depending on how one examines the history of Falcon 9, it took SpaceX anywhere from ~30 and ~70 months and either 7 or 9 failed recovery attempts before the first Falcon 9 booster successfully landed in December 2015. Excluding helicopter-based fairing drop tests, Mr. Steven and SpaceX’s fairing recovery team have made five attempts to catch fairings in the vessel’s net after Falcon 9 launches. All have been unsuccessful, with the closest miss reportedly landing in the Pacific Ocean just 50 meters away from Mr. Steven’s massive net.
In January 2019, Mr. Steven sailed ~8000 km (5000 mi) from Port of Los Angeles to Port Canaveral, passing through the Panama Canal. For unknown reasons, during a trip out to sea to catch a Falcon 9 fairing in February, Mr. Steven abruptly turned around early and arrived in port missing two of four arms, four of eight booms, and the entirety of its custom net. The remaining arms/booms were removed and the vessel spent roughly three months docked with just a handful of excursions.
In late May, technicians rapidly installed new arms and booms, as well as a new (and blue) net, bringing about the end of months of inactivity. Mr. Steven has yet to venture beyond the safety of Port Canaveral since its new ‘catcher’s mitt’ was installed, but SpaceX has been testing the new setup by repeatedly lowering a Falcon fairing half into the net. It’s too early to raise expectations but it seems plausible that the iconic recovery vessel will be ready to attempt its first fairing catch in ~4 months as part of Falcon Heavy’s next scheduled launch, currently NET June 22.
A challenger approaches…
Although Mr. Steven’s prospects look better than they have in months, SpaceX’s fairing recovery engineers and technicians have not been sitting on their hands. Begun as a check against the growing possibility that reliably catching fairings in a (relatively) small net is just too difficult to be worth it, SpaceX has been analyzing methods of reusing fairings without Mr. Steven. Most notably, despite the failure to catch fairings out of the air, the fairing halves themselves – relying on GPS-guided parafoils – have proven to be capable of reliably performing gentle landings on the ocean surface.
This consistently leaves the fairings intact and floating on the ocean but at the cost of partial saltwater immersion and exposure to surface-level sea spray and waves. At least in today’s era of highly complex large satellites, customers typically demand that payload fairings (like Falcon 9’s) offer a clean room-quality environment once the satellite is encapsulated inside. Sea water is full of salt, organic molecules, and water, all three of which do not get along well with extremely sensitive electronics. The whole purpose of recovering and reusing fairings is to make their reuse more efficient and less expensive than simply building a new fairing. The task of cleaning composite structures to clean room-standards after salt water exposure and immersion tends to be less than friendly to both aspirations.
According to SpaceX CEO Elon Musk, however, that challenge may be distinctly solvable and could even be easier than the Mr. Steven approach. After Falcon Heavy’s commercial Arabsat 6A launch debut in April 2019, Musk again confirmed that SpaceX would be ready to test that alternate method of fairing reuse very soon and plans to do so on an “internal” (i.e. Starlink) launch later this year. As noted below, this is helped by the fact that SpaceX’s internally-developed Starlink satellites apparently have no need for the acoustic insulation panels that normally protect sensitive spacecraft from the brutal acoustic environment produced by rockets while still in Earth’s atmosphere.
For fairing reusability, the lack of those panels is just one less thing to have to worry about cleaning or replacing. Intriguingly, it’s easy to imagine that – much like SpaceX has apparently designed Starlink satellites to be resistant to intense acoustic environments – the company could have also required that they be tough enough to tolerate a less-than-pristine fairing environment. With that approach, SpaceX could continue to build new fairings for every customer launch, entirely amortizing their production cost before transferring the ‘dirty’, flight-proven fairings to internal Starlink launches.
In essence, SpaceX’s customers would quite literally be paying the company to build the very Falcon 9 boosters and fairings it will ultimately use to launch its massive Starlink constellation, requiring hundreds of launches over the next decade. The faster and more efficiently SpaceX can build and launch Starlink, the faster it can develop Starship/Super Heavy and entirely transcend any concerns of salty fairings (let alone expendable upper stages). But in the meantime, Mr. Steven will return to his catching duties and SpaceX will continue to attempt to reuse payload fairings.
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News
Tesla opens new “Cybaer” Engineering Center in Berlin
Tesla opened its Berlin Engineering Center, uniting four sites and 30 labs near Giga Berlin.
Tesla has opened a new engineering hub in Berlin, putting the teams that design and test its European parts about 30 minutes from the factory that builds them.
The Berlin Tesla Engineering Center, or BTEC, opened Wednesday in the Köpenick district. Tesla Europe said on X that the project went from permit to operational in under a year and consolidates four engineering sites and 30 labs onto a single campus. It is the company’s third hub of this kind, after Fremont and Shanghai.
“We’re combining materials, powertrain, vehicle engineering & validation under one roof, enabling a short feedback loop between development & ramp,” Tesla Europe wrote.
Berlin Tesla Engineering Center opens today From permit to operational in under a year, it brings 4 engineering sites onto 1 campus w/ 30 different labs in Köpenick, 30 minutes from Giga Berlin With our 3rd hub of this kind after Fremont & Shanghai, we’re combining materials, powertrain, vehicle engineering & validation under one roof – enabling a short feedback loop between development & ramp — Tesla Europe, Middle East & Africa (@teslaeurope) November 4, 2026
Tesla converted the former production halls of a cable factory for the site. About 250 engineers and technicians are starting there, most of them relocated from existing Tesla facilities such as Tilburg in the Netherlands. Tesla has already applied for approval of a second phase that would take the headcount to roughly 500, and it put the total investment at €100 million.
The labs cover battery cells, motors, materials and complete vehicles, and a large hall is set aside for safety testing of components, including airbags. During the opening, staff demonstrated a pedestrian leg impact test on the front of a Tesla using a catapult rig, Tagesspiegel reported. The center’s logo is a cubist Berlin bear that employees call the “Cybaer.”
Tesla said its Berlin design and engineering teams already contributed to the Model Y, Semi and Roadster, and that the work continues at BTEC. The center will handle technical problem solving for Giga Berlin in Grünheide while also developing and validating parts for vehicles built in China and the United States.
“We came here to stay,” BTEC head Brückner told dpa. “We serve all of Europe via Gigafactory Berlin-Brandenburg.” He said a site close to the plant was a priority, and that the old industrial building allowed Tesla to move quickly.
That proximity matters more now that Giga Berlin is growing again. In June, Tesla said it would raise Model Y output at the plant to 7,500 vehicles per week and hire 1,000 more workers after a record first quarter of more than 61,000 units. The factory recently built 7,000 Model Ys in a single week for the first time. Tesla also more than doubled the planned 4680 cell capacity at the site to 18 GWh per year in May, and has talked about eventually taking Grünheide to one million vehicles annually.
Sales are giving Tesla reason to invest. KBA data released the same day showed Tesla’s German registrations nearly quadrupled year over year in October to 2,932 units, bringing the total for the first ten months of 2026 to 47,742.
News
Ferrari Luce sold out for 2027 after design controversy
Ferrari’s first electric vehicle, the Luce, is fully sold out for 2027, according to CEO Benedetto Vigna.
Presenting third-quarter results, he stated: “Everything we plan to sell next year is already fully allocated. Client test drives, scheduled for next year, will help further boost demand. We have no critical issues, neither on manufacturing nor on the demand side. Obviously, the car is more complex because it has many new parts and many new technologies.”
First customer deliveries are expected before the end of 2026, with the model already commanding waitlists despite a turbulent debut.
The Luce is a five-seat, four-door liftback saloon—the longest Ferrari ever produced—powered by four electric motors producing approximately 1,035 horsepower.
It features an 800-volt architecture, a 122-kWh battery, a claimed WLTP range of around 329 miles, 0-62 mph acceleration in 2.5 seconds, and a starting price near €550,000 in Europe (roughly $560,800–$615,000 in the U.S. depending on configuration).
Developed in collaboration with Jony Ive and Marc Newson’s LoveFrom studio alongside Ferrari’s own Centro Stile, it represents a deliberate departure from the brand’s traditional mid-engine sports cars toward a more spacious, grand-touring format.
Its exterior has proven deeply polarizing. Unveiled in Rome in May 2026, the design features smooth, sweeping surfaces, a large glass roof, and restrained detailing that critics described as bland, generic, or more reminiscent of an Apple product or mass-market EV than a Ferrari.
Ferrari unveils its Luce EV, and its reception has been a disaster
Online reactions included memes comparing it to a Nissan Leaf or Polestar, while former Ferrari chairman Luca di Montezemolo publicly warned of “the destruction of a myth” and suggested the prancing horse logo be removed. Italian politicians and longtime owners joined the chorus of disappointment, and Ferrari’s shares dropped roughly 8% in a single day, erasing billions in market value.
Design experts noted the absence of the brand’s signature tension, aggression, and emotional drama.
Yet the controversy has not translated into weak demand among the ultra-wealthy clientele who actually buy Ferraris. Production volumes remain tightly limited, as reports suggest fewer than 500 units in the current year and a longer-term pace of roughly 600 annually through 2030, preserving exclusivity.
One early chassis sold for $40 million at auction. Vigna has indicated that seeing the car in person, along with upcoming client test drives, is expected to strengthen rather than weaken interest. Ferrari aims for fully electric models to comprise 20 percent of its lineup by 2030, with a second EV now delayed to 2028.
For a brand defined by scarcity and desirability, the Luce’s sell-out status suggests that among those who can afford it, the polarizing design has not proven to be a commercial liability.
Investor's Corner
Musk’s Tesla and SpaceX decline after Democratic Midterm sweep
Tesla and SpaceX shares fell on Wednesday after Democrats swept both chambers of Congress. The decline stood out as broader market securities recovered and turned positive, while both of Musk’s publicly traded companies lagged.
CEO Elon Musk already joked about the unsuccessful campaigning for the Republicans, but now the new party will make pretty drastic changes to how it handles Tesla and SpaceX, and those companies will adjust their outlook.
Let’s take a deeper look.
Tesla ($TSLA)
Tesla shares traded lower during the regular session after Democrats secured both the House and Senate. The stock was down 2.32 percent at around 1:45 p.m. on the East Coast, trading at around $389.30.
The pressure is tied to more than the raw scale of Musk’s political spending, estimated at $450–474 million this cycle with roughly $224 million directed at Texas. In that state, Tesla now faces a Democratic governor and a Democratic senator after Gina Hinojosa unseated Greg Abbott and James Talarico defeated Ken Paxton.
The Austin Gigafactory, Robotaxi pilot programs in multiple Texas cities, and any related AI compute expansion sit under a new state executive who campaigned against certain corporate subsidies and floated a moratorium on new data-center construction.
Federally, Democratic control of key committees opens the door to deeper examination of Tesla’s autonomous-driving safety record, federal energy-storage and manufacturing incentives, and the national-security implications of any combination with SpaceX.
Investors are also weighing whether the company’s historically close alignment with the prior Republican leadership will invite slower permitting, additional hearings, or tighter rules on Full Self-Driving deployment.
For Tesla, the political shift adds near-term friction around state permitting and federal regulatory approvals for autonomy and energy storage. A potential merger with SpaceX may face slower review even if it proceeds.
Core growth drivers such as vehicle deliveries, energy deployments, and robotaxi rollout remain intact, yet the stock now carries a higher political-risk premium that could weigh on valuation until the company demonstrates workable relationships with the new Texas leadership and congressional majorities.
SpaceX ($SPCX)
SpaceX shares also declined in live trading on November 4 following the Democratic midterm sweep. The stock traded at $134.97, down 4.49 percent. The drop occurred even as broader indexes stabilized, highlighting a company-specific reaction to the election outcome.
Musk’s large contributions, concentrated in Texas races that both companies lost, place SpaceX’s Starbase launch facility and headquarters under a new Democratic governor.
At the federal level, Democratic control of Congress enables greater scrutiny of NASA, the Department of Defense, and other contracts that support a meaningful share of revenue, along with reviews of Starlink national-security uses and any Tesla merger. Analysts have noted that empowered committees can hold hearings and request documents on these relationships.
For SpaceX, the results raise the risk of delayed contract awards, higher compliance costs, and tighter constraints on AI and satellite infrastructure expansion, particularly in Texas where a data-center moratorium has been discussed.
A merger with Tesla could encounter political friction that slows integration of launch, connectivity, and autonomy capabilities.
While Starlink growth and launch cadence continue as primary drivers, the company faces a more contested path for federal funding and state-level operations, requiring management to rebuild ties with the new congressional majorities and Texas leadership to limit the overhang.