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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.
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- DoD personnel began initial recovery procedure development in July. (SpaceX)
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- NASA astronauts utilizing the Dragon 2 simulator as they practice for the first crewed launch in June 2018. (SpaceX)
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- 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.
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- NASA astronauts check out SpaceX’s recently-completed crew access arm. (SpaceX)
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- 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)
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- 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 has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla is going to let you guide Full Self-Driving with Grok in 3 months, CEO Elon Musk confirmed on X.
The response from Musk, which revealed Tesla plans to allow drivers to effectively control the car and its navigation more explicitly using Grok, puts the feature for about September.
A Tesla owner said that Full Self-Driving is great, but owners should be able to “converse with Grok like we can with an Uber driver.” She then used examples like, “Grok, turn right here,” and “Drop us off right here, we’ll walk due to traffic,” and finally,” Drop at entrance first, then park far away.”
Coincidentally, the final piece of dialogue would also mean features like Banish are potentially on the way soon.
This functionality will be there in about 3 months or so
— Elon Musk (@elonmusk) June 18, 2026
Banish is also referred to as “Reverse Summon,” and would enable the car to self-park while dropping occupants off at their destination.
This would be a great way to improve the overall experience while supervising FSD. Navigation is already a major painpoint that many owners complain about. Manual overrides when a maneuver is requested or canceled (like using the turn signal stalk to override a navigation route), do not always work.
The feature could be especially useful in street parking scenarios in a city, where spots are sometimes tough to come by. Many of us who grab dinner in a more populated area will park a street or two over from wherever we’re going, because sometimes you know that’s the best you will get. If a driver using FSD could say, “Hey Grok, turn right here on Queen St. and park in that open spot on the right,” it could save a lot of confusion FSD might have on its own.
Musk teased that a similar feature was “coming” back in February:
Tesla Full Self-Driving set to get an awesome new feature, Elon Musk says
It is certainly surprising that Tesla is doing it at this point. The company’s more recent moves have been more evident of taking control and inputs away from humans and putting them in the AI’s hands more frequently. The biggest example of this was taking away Max Speed in AI4 cars, giving us Speed Profiles, and not having any input on the fastest speed the car will travel.
Of course, giving navigation preferences to Grok is availble already in Teslas, but not at the drop of a hat. Instead, you can suggest a certain route at the beginning of your drive.
Here’s an example of that from December:
🚨🏈 I am taking my parents and Fiancee to the @Ravens game next weekend and asked @Grok to help me route my @Tesla through a specific neighborhood to reach the correct Lot we will park in.
This is a great example of the new @grok nav integration with the Tesla Holiday Update: pic.twitter.com/rPp4I7q8Yv
— TESLARATI (@Teslarati) December 13, 2025
Finally, the original post that Musk responded to mentioned a parking preference after dropping off the occupants, which describes the Banish feature that Tesla has teased for years.
We’re not sure if Musk was responding more to the ability to guide the car with Grok, or whether he also was including Banish in the three-month prediction timeframe.
Elon Musk challenges Tesla credit rating from Moody’s after SpaceX gets a higher one
Tesla faces Full Self-Driving pushback in EU over ‘speeding’
