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Weekly Space Recap: August 21 – August 27
Here are some of the stories you may have missed in the past week. The fourth week of August 2023 featured SpaceX hitting a Starlink milestone, India landing on the Moon, Rocket Lab moving forward with reusability, and more Starship testing.
SpaceX launches 100th dedicated Starlink mission – Starlink Group 7-1 launched from California and deployed 21 V2 mini-satellites into orbit following a short delay caused by Hurricane Hilary. This mission also featured the 15th flight of Booster 1061.
India lands Chandrayaan-3 on the Moon – India became the 4th country to successfully land on the Moon and landed the closest to the Southern pole of any country. After landing, The Pragyan rover was deployed and has begun roaming the surface of the Moon conducting experiments, and the Vikram lander has also begun its own set of experiments during the ~12-day mission.
Beyond Borders, Across Moonscapes:
India’s Majesty knows no bounds!.Once more, co-traveller Pragyan captures Vikram in a Snap!
This iconic snap was taken today around 11 am IST from about 15 m.
The data from the NavCams is processed by SAC/ISRO, Ahmedabad. pic.twitter.com/n0yvXenfdm
— ISRO (@isro) August 30, 2023
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Rocket Lab launches 40th mission – After issues on the original Electron assigned to this mission, Rocket Lab switched it out for a booster intended for recovery, and it featured the reuse of a Rutherford engine. CEO Peter Beck said the first stage and re-used engine performed perfectly, and the booster was recovered from the ocean for analysis as the company moves closer to reusing the entire first-stage rocket.
Starship performs 2nd static fire test – After a trip to the production site to add a hot stage ring, Booster 9 rolled back to the launch site for a series of tests culminating in a static fire. SpaceX confirmed all 33 engines ignited, but 2 shut down early during the ~5-second test fire. This is an improvement over the last static fire, which shut down early. Elon Musk has said they expect the next Starship test flight to happen “soon.”
Crew 7 launches and docks to the ISS – Crew 7 successfully launched from LC-39A on August 26th, and after a day of catching up to the Space Station, Crew Dragon Endurance autonomously docked. Crew 7 will now spend the next 6 months aboard the ISS, and sometime next week, Crew 6 will make its return to Earth.
Crew 7 continuing to orbit while the Falcon 9 first stage performs a boostback burn (Credit: Richard Angle)
5,000th Starlink launched into space – 22 V2 mini Starlinks launched from LC-40 in Florida the evening of the 26th, hours after the Crew 7 launch. This mission brought the total number of Starlink satellites launched to 5,005. This flight featured the 3rd flight, Booster 1081, which successfully landed on the droneship. However, that booster has still not arrived back in Port Canaveral, the port is closed due to high winds from Hurricane Idalia passing to the North.
ULA readies for the first Atlas V launch of the year – The Atlas V was rolled to the LC-41 in Florida and prepped for launch, but due to Hurricane Idalia, ULA rolled the Atlas V back to the Vertical Integration Facility to keep the rocket and secretive NRO payload safe until the storm passes. ULA will confirm a new launch date soon.
What do you think of last week’s news? Rocket Lab made big strides for reusability, India became the 4th country to soft-land on the Moon, and as always, SpaceX was non-stop with Starship testing and Falcon 9 launches!
Thanks for reading the Weekly Space Recap!
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Questions or comments? Shoot me an email at rangle@teslarati.com, or Tweet me @RDAnglePhoto.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
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High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
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Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
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However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
