News
SpaceX’s second dedicated USAF mission targets Dec. 2018 for GPS satellite launch
One of a number of 2018 SpaceX missions pushed into this year’s fourth quarter, SpaceX’s second-ever dedicated US Air Force payload is tracking towards a tentative mid-December launch, hopefully kicking off the deployment of the first ten third-generation GPS (Global Positioning System) satellites.
Set to launch the first and second GPS satellites on upgraded Falcon 9 Block 5 rockets, SpaceX and the USAF could potentially decide to fly one or several of the company’s contracted GPS missions on flight-proven boosters.
Air Force reports first GPS III spacecraft — nicknamed “Vespucci” in honor of Italian explorer Amerigo Vespucci — has arrived in Titusville to prepare for December launch on SpaceX Falcon 9. pic.twitter.com/WbJgnyYWgl
— James Dean (@flatoday_jdean) August 22, 2018
Designed and built by Lockheed Martin, each of the first group of a dozen satellites will weigh approximately 3900 kg (8900 lb) and will be placed in a circular orbit 20,000 km (12,500 mi) above Earth’s surface, resulting in one completed orbit every 12 hours. Both as a result of each satellite’s significant mass and orbit requirement and the desire to spread risk over multiple launches, the first eight GPS Block IIIA spacecraft will ride into space on their own dedicated launch vehicles – five aboard Falcon 9, one on a ULA Delta IV, and the rest yet to be determined.
SpaceX’s Falcon 9 was certified to launch national security-sensitive USAF payloads in May 2015 after spending years fighting for the reintroduction of competition into the Department of Defense’s rocket launch procurement apparatus, killed back in the mid-2000s when Lockheed Martin and Boeing merged their space subsidiaries into the United Launch Alliance despite protests from NASA and some in the DoD.
SN Military Space | Air Force wants new GPS in orbit before year’s end • DoD big on OTAs • Space Force by 2020 a long shot – https://t.co/SKTAuJefRy pic.twitter.com/VV0JZi1hFD
— SpaceNews (@SpaceNews_Inc) August 28, 2018
That launch is now aiming for December 15th, 2018, although such a specific date nearly three and a half months out should be treating as purely for planning purposes. Originally planned to launch on a ULA Delta IV rocket, the USAF decided (for unknown reasons) to switch the order of launch, making SpaceX the launch provider for the first and second spacecraft, with ULA following up on the third launch. In March 2018, SpaceX was additionally awarded one more GPS IIIA launch with the option for two more, at a total contract cost of roughly $290 million or ~$97 million apiece. Of the remaining four satellites to be launched after Space Vehicle 06 (SV06) reaches orbit, contracts have yet to be competed, although that process is likely to begin within a year or so.
- It’s currently unclear whether B1046 or B1048 will become the first SpaceX rocket to fly three times. (Tom Cross)
- The second Block 5 booster, B1047, debuted at LC-40 on July 21. (Tom Cross)
- The scale of Falcon Heavy. (Photo: Tom Cross)
Barring any unforeseen developments or anomalies, SpaceX’s December launch of GPS IIIA SV01 ought to kick off a series of Falcon 9 GPS missions every 4-6 months between now and 2021 or 2022. After SV08 is launched sometime in those final years, the US Air Force will open competition slightly further, allowing launch providers SpaceX, ULA, and perhaps even Blue Origin to offer multi-satellite launches on their more powerful rocket offerings, including Falcon Heavy, heavier Atlas 5 variants, and New Glenn.
Beginning in March 2019, largely symbolic but still revolutionary language to be included in 2019’s defense procurement authorization may explicitly require the USAF to explain before Congress – in the event that a launch contract does not allow a reusable rocket to compete – why an expendable launch vehicle was privileged. Currently NET March 2019 as well, SpaceX’s third dedicated USAF launch – STP-2 on Falcon Heavy – is being set up primarily to help the USAF certify SpaceX’s newest heavy-lift rocket for national security launches.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
News
Tesla launches its coolest gift idea ever just a few weeks after it was announced
“Gift one month of Full Self-Driving (Supervised), which allows the vehicle to drive itself almost anywhere with minimal intervention.”
Tesla has launched its coolest gift idea ever, just a few weeks after it was announced.
Tesla is now giving owners the opportunity to gift Full Self-Driving for one month to friends or family through a new gifting program that was suggested to the company last month.
The program will enable people to send a fellow Tesla owner one month of the company’s semi-autonomous driving software, helping them to experience the Full Self-Driving suite and potentially help Tesla gain them as a subscriber of the program, or even an outright purchase.
Tesla is going to allow owners to purchase an FSD Subscription for another owner for different month options
You’ll be able to gift FSD to someone! https://t.co/V29dhf5URj
— TESLARATI (@Teslarati) November 3, 2025
Tesla has officially launched the program on its Shop. Sending one month of Full Self-Driving costs $112:
“Gift one month of Full Self-Driving (Supervised), which allows the vehicle to drive itself almost anywhere with minimal intervention. All sales are final. Can only be purchased and redeemed in the U.S. This gift card is valued at $112.00 and is intended to cover the price of one month of FSD (Supervised), including up to 13% sales tax. It is not guaranteed to cover the full monthly price if pricing or tax rates change. This gift card can be stored in Tesla Wallet and redeemed toward FSD (Supervised) or any other Tesla product or service that accepts gift card payments.”
Tesla has done a great job of expanding Full Self-Driving access over the past few years, especially by offering things like the Subscription program, free trials through referrals, and now this gift card program.
Gifting Full Self-Driving is another iteration of Tesla’s “butts in seats” strategy, which is its belief that it can flip consumers to its vehicles and products by simply letting people experience them.
There is also a reason behind pushing Full Self-Driving so hard, and it has to do with CEO Elon Musk’s compensation package. One tranche requires Musk to achieve a certain number of active paid Full Self-Driving subscriptions.
More people who try the suite are likely to pay for it over the long term.
News
Tesla expands Robotaxi app access once again, this time on a global scale
Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.
Tesla has expanded Robotaxi app access once again, but this time, it’s on a much broader scale as the company is offering the opportunity for those outside of North America to download the app.
Tesla Robotaxi is the company’s early-stage ride-hailing platform that is active in Texas, California, and Arizona, with more expansion within the United States planned for the near future.
Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.
The platform has massive potential, and Tesla is leaning on it to be a major contributor to even more disruption in the passenger transportation industry. So far, it has driven over 550,000 miles in total, with the vast majority of this coming from the Bay Area and Austin.
First Look at Tesla’s Robotaxi App: features, design, and more
However, Tesla is focusing primarily on rapid expansion, but most of this is reliant on the company’s ability to gain regulatory permission to operate the platform in various regions. The expansion plans go well outside of the U.S., as the company expanded the ability to download the app to more regions this past weekend.
So far, these are the areas it is available to download in:
- Japan
- Thailand
- Hong Kong
- South Korea
- Australia
- Taiwan
- Macau
- New Zealand
- Mexico
- U.S.
- Canada
Right now, while Tesla is focusing primarily on expansion, it is also working on other goals that have to do with making it more widely available to customers who want to grab a ride from a driverless vehicle.
One of the biggest goals it has is to eliminate safety monitors from its vehicles, which it currently utilizes in Austin in the passenger’s seat and in the driver’s seat in the Bay Area.
A few weeks ago, Tesla started implementing a new in-cabin data-sharing system, which will help support teams assist riders without anyone in the front of the car.
Tesla takes a step towards removal of Robotaxi service’s safety drivers
As Robotaxi expands into more regions, Tesla stands to gain tremendously through the deployment of the Full Self-Driving suite for personal cars, as well as driverless Robotaxis for those who are just hailing rides.
Things have gone well for Tesla in the early stages of the Robotaxi program, but expansion will truly be the test of how things operate going forward. Navigating local traffic laws and gaining approval from a regulatory standpoint will be the biggest hurdle to jump.
Investor's Corner
Tesla gets price target boost, but it’s not all sunshine and rainbows
Tesla received a price target boost from Morgan Stanley, according to a new note on Monday morning, but there is some considerable caution also being communicated over the next year or so.
Morgan Stanley analyst Andrew Percoco took over Tesla coverage for the firm from longtime bull Adam Jonas, who appears to be focusing on embodied AI stocks and no longer automotive.
Percoco took over and immediately adjusted the price target for Tesla from $410 to $425, and changed its rating on shares from ‘Overweight’ to ‘Equal Weight.’
Percoco said he believes Tesla is the leading company in terms of electric vehicles, manufacturing, renewable energy, and real-world AI, so it deserves a premium valuation. However, he admits the high expectations for the company could provide for a “choppy trading environment” for the next year.
He wrote:
“However, high expectations on the latter have brought the stock closer to fair valuation. While it is well understood that Tesla is more than an auto manufacturer, we expect a choppy trading environment for the TSLA shares over the next 12 months, as we see downside to estimates, while the catalysts for its non-auto businesses appear priced at current levels.”
Percoco also added that if market cap hurdles are achieved, Morgan Stanley would reduce its price target by 7 percent.
Perhaps the biggest change with Percoco taking over the analysis for Jonas is how he will determine the value of each individual project. For example, he believes Optimus is worth about $60 per share of equity value.
He went on to describe the potential value of Full Self-Driving, highlighting its importance to the Tesla valuation:
“Full Self Driving (FSD) is the crown jewel of Tesla’s auto business; we believe that its leading-edge personal autonomous driving offering is a real game changer, and will remain a significant competitive advantage over its EV and non-EV peers. As Tesla continues to improve its platform with increased levels of autonomy (i.e., hands-off, eyes-off), it will revolutionize the personal driving experience. It remains to be seen if others will be able to keep pace.”
Additionally, Percoco outlined both bear and bull cases for the stock. He believes $860 per share, “which could be in play in the next 12 months if Tesla manages through the EV-downturn,” while also scaling Robotaxi, executing on unsupervised FSD, and scaling Optimus, is in play for the bull case.
Will Tesla thrive without the EV tax credit? Five reasons why they might
Meanwhile, the bear case is placed at $145 per share, and “assumes greater competition and margin pressure across all business lines, embedding zero value for humanoids, slowing the growth curve for Tesla’s robotaxi fleet to reflect regulatory challenges in scaling a vision-only perception stack, and lowering market share and margin profile for the autos and energy businesses.”
Currently, Tesla shares are trading at around $441.


