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SpaceX’s first Cargo Dragon 2 recovery delayed by Atlantic Ocean weather
Update: The first undocking, orbital reentry, and splashdown of SpaceX’s upgraded Dragon 2 cargo spacecraft was aborted by NASA ground controllers minutes before the process was scheduled to begin. According to NASA, weather in the preferred recovery zone – off the coast of Daytona Beach, Florida – was to blame.
“As a result of adverse weather conditions at the targeted splashdown zone off the coast of Daytona Beach, Florida, SpaceX has waved off today’s planned departure of an upgraded SpaceX Dragon resupply spacecraft. Teams are currently assessing weather conditions to determine the next opportunity for undocking.”
NASA – January 11th, 2021
SpaceX’s upgraded Cargo Dragon spacecraft is just a day or two away from its first International Space Station (ISS) departure, Earth reentry, and ocean splashdown.
The uncrewed Dragon capsule (known as C208) and its expendable trunk section are currently scheduled to depart from the ISS no earlier than the morning (EST) of January 12th – set to be the first time an uncrewed US cargo spacecraft autonomously undocks from the orbital outpost. Previous US cargo vehicles – including SpaceX’s own Cargo Dragon – have relied on berthing, rendezvousing with the ISS and hovering close by while a giant robotic arm was used to capture and secure each spacecraft.
Cargo Dragon 2 wont be the first outright to do so: the uncrewed European ATV and Russian Progress vehicles both used the Russian Docking System (RDS) to deliver cargo to the ISS over the last two decades. However, Dragon’s CRS-21 departure will be the first time an uncrewed cargo spacecraft completes a full mission with the help of NASA’s new International Docking Adapter (IDA), as well as an IDA’s third round-trip use ever.
In fact, SpaceX is solely responsible for the four total uses of the Space Station’s twin IDA ports – both fittingly delivered by Cargo Dragons in 2016 and 2019. In March 2019, Crew Dragon – flying without astronauts on its Demo-1 mission – became the first spacecraft ever to autonomously dock with and undock from an IDA port. In May and August 2020, a separate Crew Dragon spacecraft repeated the feat, autonomously docking and undocking with two NASA astronauts onboard.
In November 2020, SpaceX launched Crew Dragon on its first operational ferry mission with four astronauts. The spacecraft safely docked to the ISS and is scheduled to remain there until at least March or April 2021. Most recently, SpaceX launched its first Cargo Dragon 2 on December 6th, 2020, and the spacecraft docked without issue a day later. Now scheduled to undock as early as January 12th, a successful departure, reentry, and splashdown will truly mark the start of a new era of autonomous SpaceX spacecraft.
Unlike the largely manual berthing method used by Japanese HTV, Orbital ATK Cygnus, and SpaceX Cargo Dragon spacecraft, SpaceX’s Crew Dragon and Cargo Dragon 2 vehicles took advantage of IDA’s mechanical differences to heavily automate the cargo and crew delivery process. Using LiDAR, cameras, complex software, SpaceX’s new Dragons effectively dock themselves, ultimately requiring less training and work for the station astronauts that would otherwise need to manually support berthing operations.
Used to support refrigerated or otherwise power-intensive cargo, Cargo Dragon 2 features twice as many “powered lockers” as its predecessor and is scheduled to return an impressive ~2360 kg (5200 lb) of cargo – including dozens of science experiments – to Earth. More than a decade after Dragon became the first private spacecraft to successfully reenter Earth’s atmosphere, Cargo Dragon is still the only spacecraft in the world capable of delivering substantial cargo from Earth to orbit and from orbit to Earth.
After detaching from its expendable trunk section and reentering Earth’s atmosphere, Cargo Dragon C208 will also become the first cargo spacecraft to splash down in the Atlantic Ocean or Gulf of Mexico thanks to SpaceX’s decision to consolidate its California and Florida Dragon recovery operations on the East Coast.
Also used to recover Crew Dragons, SpaceX ship GO Searcher departed Port Canaveral for its central role in CRS-21’s imminent splashdown. Once Cargo Dragon C208 splashes down at one of four available recovery zones, SpaceX recovery teams will grab and secure the spacecraft and open its hatch. Uniquely time-sensitive cargo can then be transferred to a waiting helicopter for an unprecedentedly rapid return to researchers back on land,
Stay tuned for SpaceX and NASA’s live coverage of Cargo Dragon 2’s first ISS departure and recovery on January 12th or 13th.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
In early 2026, Tesla made a bold strategic pivot: it largely eliminated the option to purchase Full Self-Driving (FSD) software outright and shifted to a subscription-only model. The change, effective around mid-February, ended the one-time fee that had previously ranged as high as $15,000 and later dropped to $8,000. Instead, customers would access FSD (Supervised) for $99 per month in the U.S.
At the time, skeptics questioned whether locking customers into recurring payments would hurt adoption or alienate buyers who preferred ownership of the feature. Tesla bet that a lower barrier to entry, seamless integration at purchase, and the ability to cancel at any time would drive higher uptake.
The results from Q2 2026 speak for themselves: the decision has been a resounding success, delivering the largest quarterly growth in FSD subscriptions in the company’s history.
Tesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026.
Tesla added more FSD subscribers in Q2 than in any quarter in its history. pic.twitter.com/jTciTD2JqW
— Sawyer Merritt (@SawyerMerritt) July 22, 2026
According to Tesla’s Q2 shareholder update, active FSD subscriptions reached 1.48 million globally by the end of June 2026. That represents a 56 percent increase year-over-year and a 15.6 percent jump from the prior quarter. Tesla added roughly 200,000 new subscriptions in the period alone—the biggest single-quarter gain on record.
North America led the charge, with more than 55 percent of new vehicle deliveries including an FSD subscription at the time of purchase, a record attach rate for the region.
Tesla explicitly noted that “more customers [are] opting for subscription at the time of vehicle purchase,” crediting the model shift and prominent placement of the option in the ordering process. Subscriptions now contribute meaningfully to ancillary revenue, helping offset pressure elsewhere in the business.
The financial upside is substantial: At $99 per month, 1.48 million active subscriptions generate approximately $146.5 million in monthly recurring revenue. Over a full year, that equates to roughly $1.76 billion in annualized recurring revenue (ARR) from FSD subscriptions alone, assuming steady retention and no major pricing changes.
These figures represent pure, high-margin software revenue. Unlike vehicle sales, which carry production costs, warranty obligations, and supply-chain risks, FSD subscriptions flow largely to the bottom line once the software is developed and deployed over-the-air.
Tesla does not break out exact FSD subscription revenue in its filings (it sits within “Services and Other”), but the category grew 50 percent year-over-year in Q2, with executives highlighting subscriptions as a key driver.
The subscription model offers several structural advantages. It lowers the upfront cost of a new Tesla, potentially broadening the buyer pool and supporting vehicle demand, especially important amid fluctuating EV market conditions. It creates a predictable revenue stream that compounds as the fleet grows and more owners try (and stick with) the software.
Legacy one-time purchasers still exist, but new growth is overwhelmingly subscription-based following the February cutoff.
Early data also suggests improving retention and satisfaction, as well. Tesla has rolled out iterative FSD updates, including v14 features, and expanded availability to additional markets. Recent regulatory approvals in parts of Europe have further boosted interest, with owners in newly enabled countries eager to activate the software they had been waiting for.
FSD is still supervised; regulatory hurdles for true unsupervised autonomy persist in many regions, including the United States, and competition in advanced driver-assistance systems is intensifying. Yet the Q2 numbers validate Tesla’s bet: by removing the large upfront commitment and making FSD accessible via subscription, the company has accelerated adoption faster than many anticipated.
What began as a controversial switch-up has become a clear win. With nearly 1.5 million subscribers, record attach rates, and nearly $1.8 billion in potential annual recurring revenue already in view, Tesla’s FSD business is transitioning from a promised future to a tangible, fast-growing profit engine.
If the momentum continues, and especially if unsupervised capabilities unlock robotaxi opportunities, the subscription flywheel could become one of the most valuable assets in Tesla’s portfolio.
Tesla Robotaxi is among its biggest projects currently, but many have been quick to point out the fact that the company has definitely been slow to expand its fleet.
However, there is definitely a method to that madness. CEO Elon Musk answered several concerns during last night’s quarterly earnings call that some might have about that slow rollout of the Robotaxi suite, maintaining the company’s narrative on prioritizing safety and wanting to avoid injuries to anyone, including animals.
Musk said:
“With Robotaxi, our goals are very ambitious for Robotaxi, but we do need to be cautious about causing any accidents or causing any harm to anyone. Although there are, I think, 30,000 to 40,000 automotive deaths per year in the U.S. alone, most of those do not generate any press or maybe, you never really read about almost any of those. If we injure even one person, it’ll be worldwide headline news, and regulators will immediately clamp down on our activities.
We don’t want to injure anyone. We’re going as fast as humanly possible in scaling Robotaxi, but while trying to ensure that we do not harm anyone at all, and ideally do not even run over a pet. That’s really the constraint is we want to grow as fast as possible with Robotaxi without harm to anyone.”
Tesla has maintained an exemplary safety record with its Robotaxi suite, according to internal data. VP of AI, Ashok Elluswamy, said that the Robotaxi suite has driven more than 380,000 miles unsupervised without any incidents.
0 notable incidents across over 380,000 miles traveled by Robotaxi
— Tesla (@Tesla) July 22, 2026
Analyst Colin Langan of Bank of America also pushed Tesla executives for answers regarding the company’s decision to add cities across several states with dozens of vehicles “as opposed to hundreds.”
Elluswamy said there’s a bigger advantage to do it the way Tesla has been because it ensures that its software stack “is a very general one:”
“The reason we have been expanding across different cities instead of just doubling down on a single city, is that we want to make sure that our stack is a very general one. It is a general one. We just want to both prove to ourselves and to other folks that it is working across a lot of different cities without too much effort per city. That’s what we see internally.”
In the past, we have written about Tesla’s decision to be incredibly conservative with its Robotaxi rollout, especially with the incredibly small fleet size compared to competitors. However, there really is not a price anyone can put on safety for those utilizing the platform or pedestrians, so what Tesla is doing is justified.
A year into the Robotaxi program being active, Tesla has made major strides, but many investors and fans would like to see the fleet expand as quickly as the program has to other cities and states.
Google’s massive stake in SpaceX will shock you
Tesla’s switch-up on selling Full Self-Driving has paid off big time
