News
Astra ‘Rocket 3’ nosecone dooms first Florida launch attempt
On Thursday, February 10th, Astra Space’s Rocket 3.3 launch vehicle took off from Cape Canaveral Space Force Station (CCSFS) Launch Complex 46 (LC-46).
Unfortunately, while liftoff and booster ascent appeared to be more or less perfect, Rocket 3’s payload fairing failed to separate, triggering a series of events that caused its upper stage to enter an uncontrolled and unrecoverable spin after burning for just a few seconds. Astra was unable to salvage the spinning rocket, resulting in a mission failure well short of orbit.
“Unfortunately we heard that an issue has been experienced during flight that prevented the delivery of our customer payloads to orbit today. We are deeply sorry to our customers NASA, University of Alabama, the University of Mexico and the University of California Berkeley,” said Astra Space Director of Product Management Carolina Grossman. “More information will be provided as we complete the data review.”
Today’s launch comes after two previous aborted launch attempts. The first attempt on February 5th was delayed due to a CCSFS radar system malfunction. The second launch delay came on February 7th, after the rocket aborted briefly after ignition because of a minor telemetry issue.
The Mission
NASA’s first mission under the agency’s Venture Class Launch Services (VCLS) Demonstration 2 contract hoped to launch four CubeSats to space as early as February 5th, 2022. The satellites, which made up the agency’s 41st Educational Launch of Nano-satellites (ELaNa) mission, were the first VCLS payloads launched – albeit unsuccessfully – from Cape Canaveral’s LC-46 pad, which last supported NASA’s Orion spacecraft Ascent Abort 2 (AA-2) test flight in July 2019.
The satellites onboard the flight were developed by three universities and one NASA center:
- BAMA 1 (University of Alabama, Tusscolusa)
- INCA (New Mexico State University, Las Cruces)
- QubeSat (University of California, Berkeley)
- R5-S1 (NASA’s Johnson Space Center, Houston)
The ELaNa 41 mission CubeSats were selected through NASA’s CubeSat Launch Initiative (CSLI) and were assigned to the mission by NASA’s Launch Services Program based at Kennedy. CSLI provides launch opportunities for small satellite payloads built by universities, high schools, NASA Centers, and non-profit organizations.
About Astra
Founded in 2016, Astra Space is an American launch vehicle company based in Alameda, California. Astra’s official vision “is to Improve Life on Earth from Space by creating a healthier and more connected planet.” The company hopes to secure a large portion of the small satellite launch market, stating that it “offers the lowest cost-per-launch dedicated orbital launch service of any operational launch provider in the world.”
As of November 2021, Astra charges around $2.5-3.5M for a dedicated Rocket 3 launch, which can deliver up to 150 kg (330 lb) to low Earth orbit (LEO). In comparison, for a dedicated Electron launch, Rocket Lab charges about $7.5M for 300 kg (660 lb) to LEO. For customers willing to accept a one-size-fits-all rideshare solution, SpaceX charges $1M for 200 kg (440 lb) to LEO or higher sun-synchronous orbits (SSOs).
While the aerospace company is based out of California, its frequent orbital and suborbital test flights have all been conducted at the Pacific Spaceport Complex in Kodiak, Alaska. Prior test flights used Rocket 1, Rocket 2, and Rocket 3 prototypes as Astra refined its design and embraced a hardware-rich development style that didn’t shy away from failure.
Rocket 3.3 reached orbit for the first time – carrying an instrumented boilerplate payload for the United States Space Force – on November 21st, 2021. Less than two months later, Rocket 3.3 (serial number LV08) attempted to carry several NASA-sponsored cubesats into orbit on February 10th, 2022 – also the rocket’s first East Coast launch. Like Rocket 3.3’s predecessors, the two-stage vehicle was fueled with liquid oxygen (LOx) and refined kerosene (RP-1). Powered by five Delphin engines, the first stage produces up to ~145 kilonewtons (32,500 lbf) of thrust at liftoff. The second stage is powered by one pressure-fed Aether engine that delivers about 3.3 kN (740 lbf) of thrust in the vacuum of space.
The unsuccessful launch attempt occurred just three months after Astra applied for their Federal Aviation Administration (FAA) launch license and less than one day after receiving that license.
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
