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SpaceX’s first crewed NASA launches remain on schedule for 2018
Plenty of work lies ahead of both companies, but progress abounds
Amidst a seemingly relaxed July for SpaceX, the company has been working intently with NASA to prepare for its first Commercial Crew mission in as few as seven months. NASA’s combination of strict technical requirements and partial flexibility with the famously fast-moving aerospace company have resulted in a collaborative environment that Elon Musk recently deemed beneficial to the company.
As NASA works with the company to ensure that Dragon 2 is as safe as realistically possible, SpaceX has begun several rounds of advanced testing and training. NASA astronauts are in the process of learning how to operate Dragon 2, and a near-production version of the vehicle’s control software and hardware has been integrated to allow for accurate simulations as practice. Meanwhile, Department of Defense personnel that will be tasked with recovering Dragons and crew from the ocean have begun developing those procedures with a mockup capsule.
- DoD personnel began initial recovery procedure development in July. (SpaceX)
- NASA astronauts utilizing the Dragon 2 simulator as they practice for the first crewed launch in June 2018. (SpaceX)
- A look inside Crew Dragon’s bare crew compartment. (SpaceX)
At SpaceX’s Hawthorne manufacturing facilities, four separate Crew Dragons are in different states of assembly. While one of those vehicles is intended solely for qualification testing, the three remaining Dragons will respectively launch into low Earth orbit throughout the course of 2018, assuming schedules remain firm. Structural testing and verification of the qualification Dragon was completed as of July 24th, and the first flightworthy Dragon has undergone testing of its pressure vessel to ensure that there are no leaks.
Looking forward to launching @NASA astronauts to the International Space Station next year!https://t.co/qoLtTEP4L8
— Elon Musk (@elonmusk) August 3, 2017
Deemed Demo-1 in relation to the first flight of Dragon being Demonstration Flight 1, SpaceX workers are almost ready to integrate the service section and pressure vessel compartments. The pressure vessel is better known as the crew compartment, while the service section is where all the necessary flight and life support systems are contained. Dragon’s “claw” – used to grab hold of the ISS upon docking – and engines have also passed qualification tests.

Different parts of the Demo-1 Dragon in Hawthorne. The crew compartment or pressure vessel can be seen on the left, while the heat shield is front and center. A second and possibly third Crew Dragon pressure vessel can be seen in the background. (SpaceX)
Possibly the most exciting of all, SpaceX has conducted the first pressurized tests of its in-house space suits with NASA crew members. While non-insiders have yet to catch a glimpse of the company’s suits, those lucky enough to have stolen a glance have indicated that they look awesome. As the company progresses to actual vacuum testing of the suits, fans can likely look forward to a reveal. While we don’t yet have a view of SpaceX suits, the July 24th Commercial Crew update did provide the first public photos of SpaceX’s crew access arm, set to be installed at the LC-39A launch pad later this year.
- NASA astronauts check out SpaceX’s recently-completed crew access arm. (SpaceX)
- Whether or not you can parse NASA’s infamous acronym and jargon-heavy language, it’s clear that SpaceX has a considerable amount of work ahead to make their February 2018 deadline. (NASA)
- For those with extreme willpower, a close study of this graphic provides a good idea of where both SpaceX and Boeing are as they head to first CCP launches. (NASA)
Aside from an array of milestones ahead for the company, the only major tasks yet to be finished are design finalization for Crew Dragon’s seat mechanisms and control displays. SpaceX’s Demonstration 1 and 2 launch dates of February and June 2018 respectively remain steady as of this late-July update. Delays are always possible and even likely, but chances are good that SpaceX will be ready to conduct the first launch of crew to the ISS before the end of next year.
Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.





