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SpaceX rolls Starship launch tower section, giant water tank to orbital pad
After a brief pause, SpaceX is once again shipping pad hardware from its Boca Chica, Texas rocket factory to Starship’s rapidly growing orbital launch site (OLS).
A few days of delays aside, the latest transport simultaneously rolled a massive 12m (40 ft) wide water tank and another prefabricated section of SpaceX’s skyscraper-sized orbital launch tower to a nascent orbital launch site adjacent to two well-worn suborbital pads.
Those suborbital pads have been through dozens of ground tests of Starship test tanks, hoppers, and high-altitude prototypes over the last ~20 months, recently culminating in Starship SN15 launching to 10 km (6.2 mi), free-falling back to earth, and becoming the first prototype of its kind to successfully touch down. Since that May 5th milestone, Starship SN15 has been moved to an empty lot – likely to be put permanently on display – and SpaceX’s focus has quite clearly shifted towards Starship’s first orbital test flights.
To even be able to attempt those test flights, which will involve a Starship installed on top of the world’s most powerful rocket booster, several things must be in order. Relative to the three-engine, medium-altitude Starship prototypes SpaceX has the most experience with, CEO Elon Musk has implied that even the very first flightworthy Super Heavy boosters will be outfitted with 29 Raptor engines, representing an almost order-of-magnitude leap in lift-off thrust. In other words, SpaceX’s proven suborbital launch mounts are wholly inadequate for even a rudimentary orbital launch attempt.
Aside from being unable to withstand the immense stress of at least ~5800 metric tons (12.8 million lbf) of thrust, SpaceX’s suborbital pad also has far too little propellant storage capacity to fuel an orbital launch attempt. Enter SpaceX’s first South Texas orbital launch site.
In response, SpaceX has been gradually building out brand new orbital-class launch facilities for around nine months. Work on the pad began to significantly accelerate earlier this year, including the delivery of Starship-derived propellant storage tanks, the rapid assembly of even larger insulation ‘sleeves’ for those custom tanks, the even faster construction of multiple prefabricated launch tower segments, finishing touches on a tall six-legged ‘launch mount,’ the completion of a massive cryogenic propellant pumphouse, miles of wire and pipe runs, and far more.
As it turns out, the second propellant storage tank ‘sleeve’ is actually a massive water tank, indicating that Starship’s first orbital launch site will have some form of water deluge system to limit the damage Super Heavy’s 29 Raptors can do to the pad and rocket itself at liftoff. The tank measures 12m (40ft) wide and approximately 36m (~120ft) tall, meaning that it should be able to hold more than a million gallons (~4000 cubic meters) of water.
Additionally, SpaceX delivered the third prefabricated launch tower segment, leaving the tower more than half its full ~143m (469ft) height once installed. Two more sections are already more than half finished, likely meaning that the tower’s structural skeleton could be fully assembled by July or August.
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
