News
SpaceX leaps closer to launching NASA astronauts after parachute testing milestone
SpaceX says it has completed a test campaign of Crew Dragon’s upgrade parachutes, reaching a milestone that CEO Elon Musk recently described as a necessity before the spacecraft can be certified to launch NASA astronauts.
Beginning in late-October 2019, SpaceX kicked off an extensive test campaign of Crew Dragon’s recently-upgraded “Mark 3” parachute system, performing more than a dozen consecutively successful tests in a single week. SpaceX started with high-stress single-chute tests simulating far higher loads than Crew Dragon could ever technically exhibit in flight, resulting in two back-to-back failures.
SpaceX further improved the design with supplier Airborne Systems and began testing anew, successfully completing 10 single-chute tests in a row in a matter of days. Immediately after individual testing was completed as planned, SpaceX began multi-chute tests, initially simulating Crew Dragon’s ability to ensure a soft and survivable landing even if one of its four parachutes fully fails before splashdown.
Most recently, SpaceX announced on December 4th that it had completed the 7th consecutively successful multi-chute drop test, leaving three additional tests to go before reaching its goal of at least 10 consecutive successes.
Now, a bit less than three weeks after that 7th test, SpaceX says it has completed the 10th multi-chute drop test of Crew Dragon’s upgraded Mk3 parachutes, achieving the tentative goals set by CEO Elon Musk and NASA administrator Jim Bridenstine just two months ago. By the numbers, since Bridenstine first announced his expectation of “as many as 10 drop tests between now and the end of the year”, SpaceX alone has completed at least 20 successful tests in a row in the last eight weeks, averaging more than one test every three days.
“We could see as many as 10 drop tests between now and the end of the year and depending on how the next 10 drop tests go, we will know how many more drops tests we are going to add.”
Jim Bridenstine, October 10th, 2019
As Bridenstine indicated, this does not necessarily guarantee that NASA, SpaceX, or both entities won’t choose to perform additional tests, but a full 20 successful parachute tests in a row is an undeniable sign that Crew Dragon’s latest upgrades are bearing fruit. In simpler terms, SpaceX and Crew Dragon should be closer than ever to achieving the requirements NASA has laid out to certify spacecraft for human spaceflight.
With a successful orbital launch and recovery (including parachutes) already under its belt, Crew Dragon’s next milestone – scheduled to launch no earlier than (NET) January 11th – is a suborbital In-Flight Abort (IFA) test that will technically serve as the second full-system recovery test. If that launch, abort, and Atlantic Ocean contingency splashdown go as planned, there is a very good chance that NASA will finally close out SpaceX’s parachute systems for Crew Dragon’s first crewed launch.
Known as Demo-2, SpaceX has said that the mission’s Falcon 9 and Crew Dragon hardware will be ready for launch as early as late-December. If Dragon’s IFA test and any additional subsystem tests run into problems, Demo-2 hardware will of course no longer be ready, per se, but if those tests are completed without issue, SpaceX has indicated that Crew Dragon’s first astronaut launch could follow as soon as February or March 2020.
The road to SpaceX’s first human launch has been long and winding, but – barring calamity – the milestone appears, at long last, to be well within reach. Accounting for potential technical or NASA paperwork-related delays, it’s extremely likely that the first NASA astronauts will be at the helm of a Crew Dragon spacecraft on top of a Falcon 9 rocket less than six months from now.
Check out Teslarati’s Marketplace! We offer Tesla accessories, including for the Tesla Cybertruck and Tesla Model 3.
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.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
