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SpaceX’s second Starlink Gen2 launch could set payload record [webcast]
SpaceX’s second Starlink Gen2 launch will carry 56 satellites, potentially making it the heaviest payload the company has ever launched.
At 9:30 am EST, SpaceX completed a static fire of the two-stage Falcon 9 rocket assigned to launch its next Starlink mission. Half an hour later, SpaceX confirmed that the rocket performed well and is scheduled to launch no earlier than 4:32 am EST (09:32 UTC) on Thursday, January 26th. SpaceX didn’t state the mission’s purpose, but shorthand (“sl5-2”) used in an official website URL implies that it will be the second launch for its Starlink Gen2 satellite constellation.
SpaceX also reported that Starlink 5-2 will carry 56 satellites, meaning that the mission could set a new Falcon 9 payload record.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
56 is not a record number of satellites for a SpaceX launch or a Starlink launch. SpaceX has launched a record 143 rideshare payloads at once, and the company routinely launched 60 Starlink satellites at a time throughout 2019, 2020, and part of 2021. But those Starlink satellites were the first versions (V1.0) of the spacecraft and weighed either 227 or 260 kilograms (500/570 lbs) apiece.
In the second half of 2021, SpaceX began launching new Starlink V1.5 satellites. Outfitted with new laser links (optical terminals) and other general upgrades, the new satellites reportedly weigh 303, 307, or 309 kilograms (668, 676, or 681 lb) each. The heavier design forced SpaceX to slightly reduce the number of satellites each launch could carry. After some optimization, SpaceX regularly launches up to 54 Starlink V1.5 satellites at a time, down from 60 V1.0 satellites.
The number of satellites may be smaller, but the mass of the payload launched has never been higher. SpaceX last broke Falcon 9’s payload mass record in August 2022, when it launched 54 Starlink V1.5 satellites for the first time. The payload reportedly weighed 16.7 tons (~36,800 lb), breaking the previous record of 16.25 tons by about 3%. The heaviest 60-satellite Starlink V1.0 payload weighed around 15.6 tons (~34,400 lb).
Now, SpaceX says it will launch 56 Starlink satellites – likely heavier V1.5 variants – at once. If SpaceX hasn’t reduced the weight of each satellite, the payload could weigh anywhere from 16.97 to 17.3 tons (37,400-38,200 lb). Starlink 5-2 is targeting the same orbit as Starlink 5-1, which carried 54 satellites. The likeliest explanation for the heavier payload appears to be another iterative improvement to Falcon 9.
As SpaceX gains confidence in and experience with Falcon 9, it’s been able to tweak the timing of certain launch events, raise performance limits, and reduce certain margins. If Starlink 5-2’s Starlink satellites are unchanged, SpaceX’s tweaks will have collectively boosted Falcon 9’s performance by ~10% (15.6 to ~17 tons) in two years.
Gen1, V1.0, V1.5, Gen2, V2.0
Starlink 5-2 also continues the trend of confusion created by the company’s first Starlink Gen2 launch, which it deemed Starlink 5-1. The naming scheme implied that the satellites were a continuation of the company’s first constellation, Starlink Gen1, but SpaceX confirmed that they were actually the first Starlink Gen2 satellites. That SpaceX is launching 54 (and now 56) satellites also confirms that they are likely the same V1.5 satellites the company has been launching for 18 months.
SpaceX CEO Elon Musk has outright stated that the company could go bankrupt if it couldn’t begin launching much larger Starlink V2.0 satellites on its Starship rocket in the near future. Instead, SpaceX is doing the exact opposite and is populating its Starlink Gen2 constellation with Gen1-sized satellites. It’s unclear when SpaceX will begin launching the larger Starlink V2.0 satellites that were meant to be the mainstay of the Gen2 constellation.
Tune in below around 4:25 am EST (09:15 UTC), January 25th, to watch SpaceX’s second Starlink Gen2 launch live.
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
