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Weekly Space Recap: August 7 – August 13

A collage of the last week in space! (Credits: SpaceX, NASA, Virgin Galactic, Richard Angle)

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Here are some of the stories you may have missed in the past week. The second week of August 2023 featured updates to Boeing’s delayed Starliner capsule, the Artemis II crew getting a look at their ride around the moon to SpaceX making more progress with the Starship program.

Boeing’s Starliner Delayed Further – More testing is in store for the long-delayed spacecraft as the company needs to verify the parachute system works as intended and finish removing a flammable tape that was inadvertently used on the capsule.

SpaceX continues Starlink launches – SpaceX launched 15 V2 mini Starlink satellites from California. The webcast featured beautiful views of Orbital Sunset as seen from the 2nd stage of the Falcon 9 as it completed its journey to space.

Booster 9 heads back to the production site – Following the first static fire test since the Integrated Test Flight, Booster 9 was removed from the Orbital Launch Mount and transported back to the production site for inspections and most likely engine swaps as 4 shut down early during the test.

Rocket Lab shares positive Q2 results – The company had a good Q2 and shared updates moving into Q3 and beyond, including additional launch contracts and updates on their new medium-lift rocket Neutron that will be a competitor with the Falcon 9 in the future.

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Artemis II crew check out their ride around the Moon – The first crew to fly around the Moon in 50 years got a view of their ride, the Orion capsule, at NASA’s Kennedy Space Center. The capsule is currently still being tested and assembled. Their trip is currently planned for no earlier than November 2024.

Virgin Galactic completes first all-civilian flight – The VSS Unity carried three civilians to 88.5 km on a trip to space, depending on which definition you follow. The passengers were able to enjoy a few minutes of weightlessness before returning to their seats for the glide back to the ground.

Amazon to fly Kuiper prototypes on Atlas V – Originally meant to launch on the new United Launch Alliance Vulcan Centaur rocket, delays to that program have forced Amazon to switch to the Atlas V. Amazon had already bought multiple Atlas V launches. However, those were intended to fly many more satellites than just two prototypes.

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SpaceX caps off week with another Starlink launch – SpaceX launched 22 V2 mini Starlinks from Cape Canaveral just after midnight, with Booster 1069 completing its 9th flight. This launch marked four launches in 8 days for the company before taking a small break.

This past week included a mix of good news and bad news, depending on which way you look at it. Hopefully, Boeing can get their program on track, as having two providers to send astronauts to the ISS is very important.

What do you think of the news that broke last week? Looking ahead to this week, SpaceX is at it again with more Starlink launches.

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Thanks for reading the Weekly Space Recap!

Questions or comments? Shoot me an email at rangle@teslarati.com, or Tweet me @RDAnglePhoto.

Investor's Corner

Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries

The firm reiterated its Overweight rating and $355 price target.

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(Credit: Tesla)

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025. 

The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.

On Tesla’s vehicle deliveries in Q3 2025

During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report. 

“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.

A bright spot in Tesla Energy

Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.

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“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated. 

Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.

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Elon Musk

Elon Musk’s xAI becomes Memphis’ 2nd largest taxpayer in just one year: report

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape.

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xAI-supercomputer-memphis-environment-pushback
Credit: xAI

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape. In just twelve months, the company has become the city and county’s second largest taxpayer.

The update was related in a report from The Wall Street Journal.

Memphis’ second-largest taxpayer

xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI’s large language model. 

The buildout has injected billions into the region, making xAI one of Memphis’s most significant private investors and a symbol of the city’s high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city’s chamber of commerce, highlighted xAI’s contribution to the city’s economy in a comment to the WSJ

“In one year, xAI has become the second largest taxpayer in the city and county after FedEx,” he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated “substantial economic commitment to our region, without any tax incentives.”

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Not without controversy

Despite the economic boost, xAI’s footprint has drawn scrutiny. The company’s natural-gas-powered turbines are expected to consume a substantial amount of water and electricity. Critics have also expressed worries about pollution and increased utility costs, though others see Musk’s wastewater recycling plans and cleanup initiatives as meaningful offsets.

As per the WSJ, xAI’s positioning in the market may be quite different than what Musk is typically used to, considering that the CEO tends to become a first mover in key industries, such as the EV segment with Tesla and private spaceflight with SpaceX. With xAI, however, he is catching up to competitors, the most notable of which is a company he co-founded, OpenAI, and its ubiquitous large language model, ChatGPT.

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Tesla all but confirms that affordable Model Y is coming Tuesday

It does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.

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Tesla has released a cryptic teaser of a product that would be announced on Tuesday, October 7, 2025. Based on the company’s hint, it does appear that the product would be the affordable Model Y that has been spotted doing road tests across the country over the past months.

Affordable Model Y sightings

Last week, news emerged that a number of key Tesla influencers visited Gigafactory Texas for a private event. These included veteran Tesla YouTubers, car reviewers, influencers on X, and even a teardown expert who provided the initial insights on how to improve the original Model 3 sedan. At the same time, an uncovered unit of the apparent affordable Model Y was posted online. The vehicle was reportedly sighted close to Giga Texas. 

The new Model Y variant had some notable changes from the standard Model Y. Its fascia seemed inspired by the Model 3 sedan instead of the Cybertruck, and its roof seemed blacked out. Overall, it looked like a simpler Model Y designed to be offered at an affordable price. 

The weekend teasers

Teasers about an upcoming product were posted by Tesla’s official account on social media platform X, though the electric vehicle maker made it a point to keep things very vague. Initially, a closeup video of what appeared to be an aero wheel was posted, though it was vague enough that some speculated that it could be Elon Musk’s long-announced HVAC system instead. 

On Sunday, another teaser video was posted featuring the headlights of a new car. This brought speculations that the new Roadster might finally be announced. Inasmuch as a new Roadster unveiling would be exciting, however, it was evident that the headlights in the new teaser were a match to the uncovered affordable Model Y unit that was spotted close to Giga Texas a few days ago. With this in mind, it does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.

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