News
Virgin Galactic reaches space in rocket-powered plane, eyes space tourism in 2019
Virgin Galactic, the space tourism company founded by entrepreneur Richard Branson, has successfully made it to space for the first time with VSS Unity, their SpaceShipTwo-class rocket-powered plane, during the craft’s 4th test flight. This accomplishment makes Virgin the first US-based venture to carry humans to the edge of space since the Space Shuttle program ended in 2011, edging out others with similar goals such as SpaceX and Blue Origin. After taking off at 7:11 am this morning and detaching from WhiteKnightTwo, its custom airliner mothership, pilots Mark “Forger” Stucky and Rick “CJ” Sturckow reached a height 51.4 miles high in the craft to the edge of the stratosphere where they experienced weightlessness and the curvature of the Earth. This success brings the company one step closer to civilian tourist trips, something Branson hopes to achieve as early as 2019.
Our SpaceShipTwo traveling among the moon and stars 🌗 💫 🚀 pic.twitter.com/fDKdguHWoW
— Virgin Galactic (@virgingalactic) December 13, 2018
Unlike a traditional rocket which takes off from the ground, VSS Unity is flown to 43,000 feet underneath a specially designed airliner before being dropped and subsequently lighting up its rocket engines to power it vertically to an even higher altitude. After a 60-second engine burn speeds the craft to nearly three times the speed of sound, it continues its ascent, coasting until it reaches maximum altitude. A special “feather” system is then used for reentry, wherein the craft folds its wings and behaves like a traditional space capsule until the air thickens again, at which time the wings unfold again and behave like a space plane, gliding back to Earth and landing on a landing strip.
Becoming a passenger on one of VSS Unity’s future flights doesn’t come cheap, the price tag being $250,000 per 90-minute flight. However, given the 700 or so paid reservations, including several celebrities, it’s not the money that’s the challenge, it’s the technology. On October 31, 2014, Virgin suffered a crippling setback with the death of co-pilot Mike Alsubry and injury of pilot Peter Siebold when a predecessor craft crashed due to a combination of human error and an engineering flaw. The company received an abundance of criticism focused on whether the danger of space tourism made the rewards worthwhile, but after following recommendations set forth by the National Transportation Safety Board’s report on the incident along with further design and safety enhancements, they forged ahead to make today’s event a reality. Branson started Virgin Galactic in 2004.
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- VSS Unity, a SpaceShipTwo-class space plane, takes in the view. | Credit: Virgin Galactic.
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- VSS Unity, a SpaceShipTwo-class space plane, takes in the view. | Credit: Virgin Galactic.
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- The pilots of VSS Unity, a SpaceShipTwo-class space plane, returning from their trip to space. | Credit: Virgin Galactic.
At 51.4 miles high, VSS Unity reached the technical definition of space, earning its pilots commercial astronaut wings by the US Federal Aviation Administration, although the usual international standard is the 62-mile “Karman line”. A typical NASA “sounding rocket”, a small rocket generally launched with equipment on board to take measurements and scientific experiments during an approximately 30-minute sub-orbital flight only, reaches anywhere from 30-80 miles above the Earth. That said, the lower altitude of VSS Unity also provides an opportunity for research, serving the dual-purpose of science and recreation. Four research payloads from NASA’s Flight Opportunities Program were on board its historic test flight as well as a test dummy, making the trip revenue-earning for the first time as well.
Virgin Galactic has more tests of VSS Unity planned before moving to Spaceport America in New Mexico where it will set up its tourism operation. Branson hopes to compete directly with Blue Origin, the rocket company founded by Amazon’s Jeff Bezos which also plans to ferry customers to space. Bezos’s venture will use a more traditional, reusable ground-based rocket, the New Shepard, that lands after returning from sub-orbit similar to SpaceX’s Falcon 9 first stages. Unlike Virgin, crewed flights and “pre-sales” have not yet been part of Blue Origin’s process, but plenty of information is available for potential customers on its website.
The parent company of Virgin Galactic (Virgin) has another space-based venture in its wings: Virgin Orbit. Using a system similar to NASA’s Pegasus rocket, a small rocket complete with payload will launch from a modified Boeing 747-400 airliner, the combo being called LauncherOne and Cosmic Girl, respectively. The company has its sights set on the small satellite industry, identifying a need that’s not currently being met by other launch providers, and its business model centers on proving low-cost access to space for existing companies, students, entrereneurs, and other types hoping to use space as part of their research or business endeavors.
Watch the below video clip for more on Virgin Galactic’s historic flight to space:
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: $28.095 reported vs. $28.34B expected
- Non-GAAP EPS: $0.50 reported vs. $0.45 expected
- Operating Margin: 5.8% reported vs. 2.5% expected
- Operating Income: $1.624B reported vs. $721M expected
- Free Cash Flow: $3.99B reported vs. ~-$4.51B expected
🚨 Tesla $TSLA Earnings Results:
Total Revenues: $ $28.095 reported vs. $28.34B expected
Non-GAAP EPS: $0.50 reported vs. $0.45 expected
Operating Margin: 5.8% reported vs. 2.5% expected
Operating Income: $1.624B reported vs. $721M expected
Free Cash Flow: $3.99B reported vs. ~-$4.51B expected— 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.”
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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.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
