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SpaceX to launch “next-generation satellite-servicing vehicle” for Northrop Grumman
Northrop Grumman subsidiary SpaceLogistics has selected SpaceX to launch its first Mission Robotic Vehicle (MRV) – better described as the company’s “next-generation satellite-servicing” spacecraft.
As far as SpaceX’s Falcon 9 rocket is concerned, MRV-1 is just another geostationary satellite for it to deliver to a transfer orbit around 35,800 kilometers (~22,200 mi) above Earth’s surface as early as “spring 2024.” As of now, SpaceX Falcon rockets have launched more than 35 satellites to geostationary transfer orbits (GTO) and have at least 18 more geostationary launch contracts on its manifest – 19 including MRV-1. MRV-1 is no ordinary geostationary communications satellite, however.
MRV isn’t a communications satellite at all, in fact. Instead, designed to be the second generation of Northrop Grumman’s satellite life-extension spacecraft, MRV aims to build upon the successes of the company’s first two Mission Extension Vehicles (MEVs). The first (MEV-1) became the first spacecraft in history to dock with another spacecraft in geostationary orbit (GEO) in February 2020. The second, MEV-2, successfully launched and docked with a different geostationary communications satellite in 2021. Both MEVs did exactly what they were supposed to, effectively giving their host satellites – Intelsat 10-02 and 901, both more than 15 years old – at least five more years of operational life.
While SpaceLogistics’ accomplishments are thus extremely impressive, the general MEV concept and parts of its execution have some flaws. First, the ‘service’ offered appears to be extremely expensive, costing Intelsat – the first and only customer, thus far – at least $13 million per year for the five years MEV-1 will be servicing Intelsat-901. No other MEV contracts have been confirmed, which is not a major surprise. Assuming zero upfront costs for prospective customers, $65 million for an extra five years of operations represents a substantial fraction of the price of some simpler replacement satellites, many of which are now designed to operate for at least 15 years.
Put simply, at the secretive price point SpaceLogistics is offering, MEVs are a mostly ambiguous financial proposition for the geostationary satellite communications industry, which tends to operate on razor-thin margins. Though SpaceLogistics hasn’t said as much, MRV seems to be a response to the issue of affordability. Instead of building one large, expensive MEV that can only service a single GEO satellite, MRV aims to operate more like a multipurpose space tug.
To complement MRV, Northrop Grumman is also developing Mission Extension Pods (MEPs) – smaller spacecraft designed to still add at least 5-6 years of life to an aging GEO satellite. MRVs – each about 3 tons (~7000 lb) will theoretically be able to carry several MEPs (400 kg/900 lb apiece) into geostationary orbit and install the pods on several different satellites. Additionally, it appears that SpaceLogistics will sell the pods outright, presumably precluding the need for expensive recurring service contracts like those Intelsat signed for MEV life extension.
According to Northrop Grumman, MEPs will actually propel themselves into GEO before being recaptured and installed by MRV – requiring two rendezvous and docking maneuvers per satellite instead of one. It’s entirely unclear why that added complexity is preferable over the obvious alternative, in which MRV would launch with a number of MEPs, carry them to GEO, and install them when needed.
Nonetheless, assuming Northrop Grumman plans to offer MEP life-extension pods for less than it charged for MEVs, it’s not hard to imagine the service becoming a no-brainer for communications providers with satellites that are close to running out of propellant. If the cost of several extra years of operational life is lower than the cost of an equivalent fraction of the lifespan of a new replacement satellite, it’s difficult to imagine how satellite operators could afford not to take advantage of life extension.
Northrop Grumman says it’s already sold one MEP – to launch with MRV-1 on Falcon 9 – to Australian telecom provider Optus and has a full manifest for MEPs “through mid-2026.”
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.
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.
News
Tesla Optimus dramatically collapses after teleoperator mishap
It seemed blatantly obvious that whoever was controlling the Optimus robot from behind the scenes did not disconnect their ability to manipulate its movements
Tesla Optimus dramatically collapsed after a teleoperator mishap at the company’s “Future of Autonomy Visualized” event in Miami this past weekend.
It seemed blatantly obvious that whoever was controlling the Optimus robot from behind the scenes did not disconnect their ability to manipulate its movements, then left the controls, causing Optimus to collapse.
A video captured at the event shows Optimus doing a movement similar to taking a headset off, likely what the teleoperator uses to hear guest requests and communicate with other staff:
🚨 Tesla Optimus mishap at the Miami event
To be fair, don’t we all want to do this around the Holidays? pic.twitter.com/EJ5QKenqQd
— TESLARATI (@Teslarati) December 8, 2025
After the headset removal motion was completed, Optimus simply collapsed backward, making for an interesting bit of conversation. While it was a mishap, it was actually pretty funny to watch because of the drama displayed by the robot in the situation.
This was obviously a mistake made by the teleoperator, and does not appear to be a spot where we can put any sort of blame on Optimus. It would have likely just stood there and waited for controls to resume if the teleoperator had disconnected from the robot correctly.
However, details are pretty slim, and Tesla has not announced anything explaining the situation, likely because it seems to be a pretty face-value event.
Tesla Optimus shows off its newest capability as progress accelerates
The Tesla Optimus program has been among the most hyped projects that the company has been working on, as CEO Elon Musk has extremely high hopes for what it could do for people on Earth. He has said on several occasions that Optimus should be the most popular product of all time, considering its capabilities.
Obviously, the project is still a work in progress, and growing pains are going to be part of the development of Optimus.
In its development of Optimus Gen 3, Tesla has been working on refining the forearm, hand, and fingers of Optimus, something that Musk said is extremely difficult. However, it’s a necessary step, especially if its capabilities will not be limited by hardware.
All in all, Optimus has still been a very successful project for Tesla, especially in the early stages. The company has done an excellent job of keeping Optimus busy, as it helps with serving customers at events and the Tesla Diner, and is also performing tasks across the company’s manufacturing plants.
Tesla expands Robotaxi app access once again, this time on a global scale
Tesla gets price target boost, but it’s not all sunshine and rainbows
