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SpaceX wins Sentinel 6B radar satellite launch contract
SpaceX has won a contract to launch the joint US-European Sentinel 6B radar satellite as early as November 2025.
Five years ago, NASA also chose SpaceX to launch Sentinel 6A, the first of two identical satellites designed to use radar altimeters to determine global sea levels more accurately than ever before. In October 2017, just half a year after SpaceX’s first Falcon 9 rocket booster reuse and well before the cost savings that followed were fully factored in, NASA awarded SpaceX $94 million to launch the 1.1-ton (~2500 lb) to a relatively low 1300-kilometer (~810 mi) orbit.
Five years and two months later, NASA has awarded SpaceX $97 million to launch a virtually identical satellite to the same orbit, from the same launch pad, with the same rocket. SpaceX, however, is far from the same company it was in 2017, and has effectively mastered Falcon booster and payload fairing reuse in the half-decade since.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Beginning in March 2017, SpaceX has reused Falcon boosters on 130 launches, including sensitive US military missions and even NASA astronaut launches. SpaceX has launched almost 70 internal Starlink missions (carrying more than 3600 SpaceX-built satellites) without bankrupting the company. CEO Elon Musk has stated that the marginal cost of a barebones Falcon 9 launch is just $15 million, while another executive once pegged the total cost of a Falcon 9 launch with flight-proven hardware at $28 million.
Perhaps most significantly, SpaceX won a contract in 2019 to launch NASA’s tiny IXPE X-ray telescope on Falcon 9 for only $50 million. SpaceX completed the mission in December 2021, launching the 330-kilogram (~730 lb) spacecraft into a roughly 600-kilometer (~370 mi) orbit. IXPE was initially expected to launch on Aerojet Rocketdyne’s troubled air-launched Pegasus XL rocket, which last launched a small NASA spacecraft for about $55 million.
-->Writ large, that may be the best explanation for why SpaceX and its executives – both of which have relentlessly reiterated that the company’s purpose is to radically reduce the cost of orbital launches – don’t feel pressure to translate those major cost decreases into major price cuts. Put simply, despite the fact that SpaceX has openly discussed its intentions for more than a decade, there isn’t a rocket on Earth that can beat Falcon 9’s combination of performance, cadence, reliability, and affordability.
In lieu of even a hint of competitive pressure from the rest of the industry, particularly for contracts limited to US industry, SpaceX appears to have decided that the profits from charging as much as possible outweigh the cynicism those actions could convey. To SpaceX’s credit, the reality is also more gray than some of the limited data might imply. Over the last three years, SpaceX’s prices for smallsat rideshare customers have repeatedly decreased and become more flexible. Additionally, accounting for five years of inflation, SpaceX’s $94 million Sentinel 6A contract would be worth about $114 million today, meaning that its $97 million Sentinel 6B launch contract technically represents a modest 15% discount.
It’s also likely that SpaceX’s main competitors, ULA and Arianespace, would have charged tens of millions of dollars more to launch Sentinel 6A or 6B on their current or next-generation rockets. But their existing rockets have no spare capacity for new contracts and their new Vulcan and Ariane 6 rockets have yet to fly, leaving SpaceX without any real competition.
For better or worse, it appears that Falcon 9 rideshare customers and SpaceX’s own Starlink constellation are the only major beneficiaries of Falcon 9’s extraordinary newfound affordability. With potential competitors like Rocket Lab’s Neutron, Relativity’s Terran-R, Blue Origin’s New Glenn, and ULA’s semi-reusable Vulcan variant all years from market entrance, that’s unlikely to change until the mid-to-late 2020s. Until then, even though SpaceX’s pricing is unlikely to revolutionize others’ access to space, Falcon 9 will remain an exceptionally affordable and available option for all launch customers – including NASA and ESA.
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News
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
