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SpaceX Dragon spacecraft returns to California port for the last time
SpaceX has returned one of its reusable Dragon spacecraft to the Port of Los Angeles for the last time, wrapping up almost a decade of West Coast recovery operations as the company prepares to move East.
Marking the fully successful completion of Cargo Dragon’s CRS-20 space station resupply mission for NASA, the spacecraft’s arrival in port aboard recovery vessel NRC Quest is SpaceX’s 21st since December 2010. CRS-20 was the original Cargo Dragon spacecraft’s very last mission, meaning that the historic vehicle will have effectively entered retirement once SpaceX has finished capsule C112’s post-flight processing. More likely than not, it and its siblings may soon find themselves displayed in SpaceX facilities and aerospace museums across the US, a fitting end for an orbital spacecraft that effectively launched SpaceX onto the world’s spaceflight stage.
Cargo Dragon is by no means the last of its kind, however. SpaceX has already launched Crew Dragon – also known as Dragon 2 – on a flawless March 2019 orbital debut. An uncrewed variant of the same upgraded spacecraft will soon replace Cargo Dragon for uncrewed space station resupply missions under a second NASA Commercial Resupply Services contract (CRS2). For a variety of reasons, SpaceX has decided to move all Dragon 2 recovery operations to its Port Canaveral, Florida hub, now also the sole home of Falcon booster drone ship recoveries and payload fairing catch attempts. This means that April 9th’s Cargo Dragon homecoming is the last time a SpaceX spacecraft will return to the West Coast — a bittersweet end of an era.
Upon its safe return to shore, Cargo Dragon C112 is now the third Dragon spacecraft to successfully complete three separate orbital resupply missions, as well as the ninth Dragon reuse overall. While the recovered spacecraft may look like a very well-toasted marshmallow, all that visible wear and tear comes from a single orbital-velocity reentry, as SpaceX extensively refurbishes each Dragon before they are reused.
Before Cargo Dragon C112 lifted off on a Falcon 9 rocket for the third time on March 7th, it looked about as pristine as it did the first time it departed SpaceX’s Hawthorne, California factory in 2016. Aside from a duo of International Space Station badges added to the spacecraft’s exterior, it is functionally and visually identical, although parts of the capsule – like landing parachutes and its ablative heat shield – must be replaced after each mission.
Still, despite having to clean and resurface the spacecraft’s white thermal protection, replace heat shields, fabricate new disposable trunk sections, and much more for every launch, SpaceX CEO Elon Musk has stated that even the first Dragon reuse (likely the most expensive) was at least 50% cheaper than building a new spacecraft. Additionally, SpaceX clearly began to find its stride on Dragon capsule C112’s CRS-20 refurbishment, completing the process with record-breaking speed.
As previously discussed on Teslarati, “measured from splashdown to the capsule’s shipment to the launch pad, SpaceX may have spent less than a year refurbishing Cargo Dragon C112, potentially more than a 50% faster than all prior Dragon refurbishment operations.” Cargo Dragon’s Dragon 2 replacement is expected to be far easier to refurbish, while also potentially allowing for up to five orbital missions per spacecraft, while Dragon 1’s design was capped at three missions.
CRS-21 – SpaceX’s first NASA CRS2 mission and the first planned Cargo Dragon 2 launch – is scheduled for no earlier than (NET) October 2020. Meanwhile, Crew Dragon’s “Demo-2” astronaut debut is set to launch as early as late May. If successful, NASA says Crew Dragon’s first operational astronaut launch could happen as early as a month or two after splashdown (~Q4 2020).
After completing their orbital duties, all of those upgraded Dragon spacecraft are scheduled to reenter and splash down in the Atlantic Ocean, where they will be brought back to Cape Canaveral for processing and refurbishment. In the event that weather in the Atlantic Ocean is unacceptable for recovery operations, SpaceX has developed a backup recovery zone in the Gulf of Mexico. In short, it’s possible that Cargo Dragon’s April 7th Port of Los Angeles return will be the last time ever that the US West Coast supports orbital spacecraft recovery operations.
President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.
The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.
Trump stated:
“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”
He added:
“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”
🚨 President Trump confirmed today that the new Air Force One is equipped with Starlink:
“We have communication equipment up there that nobody’s ever seen before, it’s the highest level and including Starlink…my friend Elon is going to be very happy.” pic.twitter.com/IhkDmtr5hL
— TESLARATI (@Teslarati) June 20, 2026
The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.
Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.
The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.
President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
President Trump touts new Air Force One with Musk technology
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
