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SpaceX Falcon 9 rocket arrives in Florida for next NASA astronaut launch
The SpaceX Falcon 9 rocket booster tasked with launching Crew Dragon on its first operational NASA astronaut mission arrived in Florida on Tuesday after a three-day drive from Texas.
Second only to the arrival of the new Crew Dragon spacecraft (likely C207) that will ferry three NASA astronauts and one Japanese (JAXA) crew member to the International Space Station, this is a major milestone for SpaceX’s next astronaut launch. Like the Falcon 9 booster (B1058) that became the first commercial rocket in history to launch humans into orbit, Falcon 9 booster B1061 will fly for the first time with a crewed Crew Dragon.
NASA unsurprisingly requested new Falcon 9 rockets for SpaceX’s first few astronaut launches. However, in a major surprise, the space agency appears to have given SpaceX permission to reuse not only Crew Dragon capsules – but Falcon 9 boosters, too – as early as Crew-2. For Falcon 9 B1061, that could have major ramifications.
As of now, the timing of SpaceX’s Crew-1 launch is almost entirely dependent upon the successful completion of the ongoing Demo-2 Crew Dragon mission. SpaceX’s first astronaut-proven spacecraft is currently docked to the International Space Station (ISS) as one of the two astronauts it launched is hard at work performing spacewalks to repair and upgrade the orbital outpost. Crew Dragon C206 is scheduled to return to Earth with astronauts Bob Behnken and Doug Hurley no earlier than (NET) early August in what will be the spacecraft’s first attempted reentry, descent, and splashdown with humans onboard.
In many ways, Demo-2’s return to Earth will be the single biggest challenge of the entire mission for SpaceX and Crew Dragon, as the lives of its passengers will hinge more than ever on the sequential completion of multiple complex operations. Of course, Crew Dragon C201 already completed a flawless orbital launch debut, reentry, descent, and landing more than a year ago, but the stakes for Demo-2 will be as high as they can get with real lives on the line.
If Crew Dragon C206 manages to safely reenter Earth’s atmosphere, deploy parachutes, and gently splash down in the Atlantic Ocean, NASA and SpaceX say they will need just a few weeks to fully review the mission, inspect the spacecraft, and fully qualify Crew Dragon for operational missions. As such, assuming an early-August splashdown, Crew-1 could feasibly launch as early as September 2020.
With Falcon 9 booster B1061 already on hand at SpaceX’s Florida launch facilities, that target is that much more within reach. Notably, thanks to NASA unexpectedly giving SpaceX permission to launch astronauts on flight-proven rockets as early as Crew-2, Falcon 9 B1061 could technically become the first commercial rocket booster in history to launch astronauts twice if it’s successfully recovered after Crew-1. Of course, SpaceX could very well inject the booster directly into its fleet of rockets to support an ambitious H2 2020 launch manifest, but there is a clear chance that SpaceX will hold onto B1061 to reuse it on Crew-2 sometime in H1 2021. For now, though, the priority is safely launching four astronauts on Crew Dragon’s first operational mission.
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Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
