News
SpaceX wins US Air Force contract for Falcon Heavy launch
In an unexpected bode of confidence in the nascent vehicle, SpaceX has competed for and won a $130 million US Air Force launch contract for the massive Falcon Heavy rocket. While not planned to occur until September 2020 at the earliest, the most critical aspect of this development is the fact that the USAF has apparently already certified Falcon Heavy for high-value military launches.
The almost knee-jerk certification of Falcon Heavy for USAF launches makes for an extraordinary contrast when compared with the certification of SpaceX’s Falcon 9 workhorse rocket, a tedious political minefield that took more than two years, led SpaceX to (successfully) sue the federal government, and forced the Air Force to critically reexamine its internal processes after they delayed SpaceX’s certification by six or more months. For that particular endeavor, the USAF required SpaceX to complete three successful Falcon 9 launches, while also preventing SpaceX from engaging in launch contract competitions until their launch vehicle was certified in May 2015.
#SpaceX has won a competitively-awarded #AirForce launch contract for the AFSPC-52 flight. The mission will utilize a #FalconHeavy rocket. Mission will launch by Sept. 2020 from LC-39A at Kennedy Space Center. Statement from Gwynne Shotwell below… pic.twitter.com/a5ka2ov20L
— Chris G (@ChrisG_SpX) June 21, 2018
Jump ahead to 2018 and SpaceX appears to have been allowed to compete for this particular mission – known cryptically as AFSPC-52 – before Falcon Heavy had so much as completed an integrated static fire test. The awe-inspiring rocket did, however, complete a nearly-flawless debut launch in February 2018, a mission that required the company’s Falcon upper stage to survive a lengthy (6+ hour) coast in orbit before igniting its Merlin vacuum engine for one final burn. Regardless of the specifics, many of which have likely been kept under wraps, the Air Force must have been quite impressed with the rocket’s debut performance, and Falcon Heavy has now – according to President and COO Gwynne Shotwell – been certified for USAF missions just four months later.
-
- Falcon 9 Block 5 completed its first launch on May 11, carrying the Bangabandhu-1 communications satellite to geostationary transfer orbit. (Tom Cross)
-
- Falcon Heavy clears the top of the strongback in a spectacular fashion. Two of the rocket’s three manifested missions are now for the USAF. (Tom Cross)
It’s somewhere between difficult and impossible to accurately compare the different payloads and launches of the Air Force Space Command (AFSPC), but SpaceX’s only competitor ULA was awarded a contract for the launch of two relatively different AFSPC payloads at an average (fixed) cost of $175 million per mission. Those satellites were likely much smaller than AFSPC-52 but they require direct insertion into geostationary orbit (GEO), whereas AFSPC-52 may instead be sent to a geostationary transfer orbit (GTO) before circularizing the orbit under its own power.
Still, SpaceX’s triple-booster Falcon Heavy launch contract will cost the USAF a slim $130m. It’s worth noting that the 2018 AFSPC-8 and -12 contracts awarded to ULA were for the company’s single-booster Atlas 5 rocket, with most of the draw coming from its admittedly advanced, efficient, and extraordinarily reliable Centaur upper stage, tasked with reigniting repeatedly to circularize the orbit of its valuable satellite payloads once in space.
While it requires far less rigor than the Air Force’s more secretive, national security-sensitive satellite launches, SpaceX’s second Falcon Heavy launch – this time with three highly-reusable Block 5 boosters – will also be conducted with the military branch as the primary customer. Known as Space Test Mission-2 (STP-2), Falcon Heavy will be tasked with carrying a stack of dozens of different smallsats to a variety of orbits. Of note, the vast majority of that mission’s payload comes in the form of a 5000-kilogram ballast mass, included because the mission was manifested on Falcon Heavy (instead of the operational Falcon 9) for the sole purpose of facilitating the rocket’s rapid certification for critical Air Force missions.
-
- Falcon Heavy may look for more condensed than Delta Heavy, but its performance dramatically outclasses the ULA rocket in all but the highest-energy mission profiles. (SpaceX)
-
- The fully-integrated Falcon Heavy rolls out to Pad 39A. For vertical integration, think of this… but vertical. (SpaceX)
STP-2 is currently scheduled for no earlier than (NET) November 2018, while the third launch of Falcon Heavy – the commercial Arabsat 6A communications satellite – is tentatively targeted for December, although it’s almost guaranteed to slip into Q1 2019.
Follow us for live updates, peeks behind the scenes, and photos from Teslarati’s East and West coast photographers.
Teslarati – Instagram – Twitter
Tom Cross – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
Tesla Cybercab gets a for sale date at last
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
