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SpaceX’s successful debut of Falcon 9 Block 5 heralds the future of reusable rocketry
Following a brief software bug-triggered abort during the first attempt, SpaceX has successfully debuted its first Falcon 9 Block 5 rocket from Florida’s Kennedy Space Center, marking the true beginning of a new era of highly reusable commercial rocketry, as well as Bangladesh’s official entry into satellite communications with the Bangabandhu-1 satellite.
Followed minutes later by the first landing of its next-generation booster aboard the ocean-going drone ship Of Course I Still Love You (OCISLY), many more Falcon 9 Block 5 launches can now be expected to follow later this year as SpaceX ramps up the manufacture and shipment of new boosters, upper stages, and payload fairings to its test and launch facilities.
Fundamentally, this launch is a historic achievement for SpaceX. According to CEO Elon Musk, barring unforeseen discoveries during the pathfinder booster’s post-recovery teardown, Falcon 9 Block 5 as it stands today is nearly capable of ushering in a new era of truly reusable rockets, and is designed to (nominally) fly as many as ten times in a row with the barest minimum of refurbishment. While it is all but guaranteed that small optimizations and upgrades will continue to be made throughout the launch vehicle, today’s mission – the 25th successful booster landing and 55th launch of Falcon 9 – by all appearances successfully flight-tested almost every single one of the rocket’s dramatically upgraded systems, ranging from entirely new avionics to uprated and upgraded Merlin engines and landing legs.
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- F9 B1046 venting ahead of its inaugural launch. (SpaceX)
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- Falcon 9 Block 5 successfully debuted earlier today, completing a nearly-flawless launch and landing. (Tom Cross)
Somewhat fittingly, the only problem visible on the company’s webcast of the rocket’s critical debut was with the webcast itself, in the form of some odd shaking and connectivity issues on the first stage (and the second stage to a lesser degree). Thankfully, this “bug” is skin-deep – its only negative impact was mild annoyance among the many thousands watching live, a small price to pay to such an extraordinary show. Falcon 9 B1046 and its upper stage performed nominally, landing aboard the drone ship Of Course I Still Love You and flawlessly placing Bangladesh’s first geostationary communications satellite into a transfer orbit.
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- OCISLY patiently awaits its rocket friend. (SpaceX)
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- B1046 completes successfully landed aboard OCISLY; hopefully the first of many more to come. (SpaceX)
With its debut complete, SpaceX’s first Block 5 booster will now head back to Port Canaveral after being safely secured by everyone’s favorite rocket-grabbing robot. After its return to land, it’s extremely likely that SpaceX will choose to transport the rocket back to either Hawthorne or McGregor to conduct an extremely thorough teardown analysis of the booster, checking to ensure that each component and system made it through a high-energy reentry with minimal impact. While small changes are all but guaranteed, this teardown will hopefully confirm SpaceX’s extensive modeling and ground-testing – in other words, Block 5’s design will hopefully be shown to be ready for rapid reusability and extreme reliability. More likely than not, B1046 will then be reassembled, perhaps followed by extensive static-fire testing in Texas, after which it will likely return to SpaceX’s operational rocket fleet, potentially conducting dozens of launches over the next several years. Perhaps SpaceX will choose to turn it into a new historic monument after several reflights.
Finally, congratulations to Bangladesh on the successful launch of their first geostationary communications satellite.
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- Inside Falcon 9’s interstage before stage separation. Note MVac and its massive nozzle. (SpaceX)
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- Bangabandhu-1 was successfully deployed just over half an hour after lifting off from the coast of Florida. (SpaceX)
Launch photographer Tom Cross is planning to be there in person for OCISLY and B1046’s arrival in Port, and will hopefully be able to document the historic recovery and the booster’s (fingers crossed) resilience, as well as the first use of Octagrabber with a Block 5 Falcon 9. Remote camera pickup is currently scheduled for tomorrow morning.
Follow us for live updates, behind-the-scenes sneak peeks, and a sea of beautiful photos from our East and West coast photographers.
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News
Xpeng CEO: Tesla FSD 14.2 has developed “near-Level 4” performance
While acknowledging that imperfections remain, the Xpeng CEO said FSD’s current iteration significantly surpasses last year’s capabilities.
Xpeng CEO He Xiaopeng has offered fresh praise for Tesla’s Full Self-Driving (FSD) system after revisiting Silicon Valley more than a year after his first hands-on experience.
Following extended test drives of Tesla vehicles running the latest FSD software, He stated that the system has made major strides, reinforcing his view that Tesla’s approach to autonomy is indeed the proper path towards autonomy.
Tesla FSD closing in on Level 4 driving
During his visit, He test-drove a Tesla equipped with FSD V14.2. He also rode in a Tesla Robotaxi. Over roughly five hours of driving across Silicon Valley and San Francisco, He said both vehicles delivered consistent and reassuring performance, a notable improvement from his experience a year earlier.
According to He, Tesla’s FSD has evolved from a smooth Level 2 advanced driver assistance system into what he described as a “near-Level 4” experience in terms of capabilities. While acknowledging that imperfections remain, the Xpeng CEO said FSD’s current iteration significantly surpasses last year’s capabilities. He also reiterated his belief that Tesla’s strategy of using the same autonomous software and hardware architecture across private vehicles and robotaxis is the right long-term approach, allowing users to bypass intermediate autonomy stages and move closer to Level 4 functionality.
He previously tested Tesla’s FSD V12.3.6 and Waymo vehicles in California in mid-2024, noting at the time that Waymo performed better in dense urban environments like San Francisco, while Tesla excelled in Silicon Valley and on highways.
Xpeng’s ambitious autonomy roadmap and internal challenge
The Silicon Valley visit also served as a benchmark for Xpeng’s own autonomy ambitions. He stated that Xpeng is looking to improve its VLA autonomous driving system to match the performance of Tesla’s FSD V14.2 within China by August 30, 2026. Xpeng is poised to release its VLA 2.0 smart driving software next quarter, though He cautioned that the initial version will not be able to match FSD V14.2’s capabilities, as noted in a CNEV Post report.
He also added a personal twist to the goal, publicly challenging Xpeng’s autonomous driving team. If the performance target is met by the 2026 deadline, the CEO stated that he will approve the creation of a Chinese-style cafeteria for Xpeng’s Silicon Valley team. If not, Liu Xianming, head of Xpeng’s autonomous driving unit, has pledged to run naked across the Golden Gate Bridge, He noted.
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Another Tesla Model 3 variant sold out for January 2026 in China
A look at Tesla China’s order page shows that new Model 3 LR RWD orders now have an estimated delivery date of February 2026.
Another Tesla Model 3 variant in China appears to have sold out for January 2026, with the vehicle now showing an estimated delivery date of February 2026 for new orders. This bodes well for the all-electric sedan, which has maintained notable sales despite more affordable rivals like the Xiaomi SU7 and its crossover sibling, the Model Y.
Model 3 LR RWD joins February 2026 queue
A look at Tesla China’s order page for the all-electric sedan shows that new Model 3 Long Range Rear Wheel Drive orders now have an estimated delivery date of February 2026. Priced from RMB 259,500 ($36,810), the LR RWD sits as the second-lowest-priced trim in Tesla China’s four-variant Model 3 lineup. The move follows a similar delivery timeframe for the Model 3 Performance, which remains the most expensive option for the vehicle, as noted in a CNEV Post report.
The estimated delivery dates of the two remaining Model 3 variants remain unchanged for now. The base RWD version, starting at RMB 235,500, and the LR AWD variant, priced from RMB 285,500, both continue to list estimated delivery times of 4-6 weeks. Tesla China, for its part, has continued to list in-stock Model 3 vehicles and is actively encouraging buyers to select inventory units for delivery before the end of the year.
Model Y delays and policy shifts
Delivery timelines for the Model Y in China are also stretching into 2026. All customized Model Y variants now show February 2026 as their estimated delivery date, except for the entry-level version, which still lists January 2026. Tesla has been urging customers since November to prioritize purchasing inventory vehicles, a push aimed at maximizing year-end deliveries.
Timing matters for Chinese buyers due to upcoming changes in government incentives. China’s new energy vehicle purchase tax exemption will be scaled back in 2026, which means customers who take delivery next year could face higher tax costs compared to those who are able to receive vehicles before the end of the year.
As per data from the China Passenger Car Association, Tesla recorded retail sales of 73,145 vehicles in November, down 0.47% year over year. From January through November, Tesla’s retail sales in China totaled 531,855 units, a 7.37% year-over-year drop.
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Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
Xpeng CEO: Tesla FSD 14.2 has developed “near-Level 4” performance
Another Tesla Model 3 variant sold out for January 2026 in China
