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European astronauts want their own spacecraft after decades of reliance on Russia, NASA, SpaceX
On February 16th, the European Space Agency (ESA) held the European Space Summit in Toulouse, France, offering European Space Agency leaders and European Union (EU) member states an opportunity to discuss the present and future of European spaceflight.
The central idea circulating the summit was evident: Europe wants to reassert itself as a global leader in space exploration. While ESA and member states continue to make exceptional contributions to robotic space exploration and – to a lesser degree – rocketry, leaders at the summit believe that there is still a large amount of untapped potential within the European space industry. ESA hopes to fill these gaps while tackling the societal, economic, and security challenges that come along with it. The ESA’s goal is to grow as a space fairing nation and compete side by side with the United States, Russia, and China on all fronts – including the possible creation of their own domestic human spaceflight program.
ESA Director-General Josef Aschbacher was encouraged to speak on the subject, stating that “I am very happy to accept President Macron’s proposal to establish a high-level advisory group on ‘human space exploration for Europe’.” “This decision will shape what Europe will look like in the decade to come. We have to involve experts from all walks of life and mainly from non-space, for example, historians, economists, geopolitical experts, explorers on Earth, and philosophers to fully grasp all its implications and help us take [sic] the right decision.”
Organizations such as the European Association of Space Explorers (ASE) have strong opinions on the future of the European Space Agency. The ASE represents the over 45 European astronauts and cosmonauts who have been flying to space since 1978 – including several ESA astronauts that most recently flew to and from the Internation Space Station on SpaceX’s Falcon 9 rocket and aboard Crew Dragon.
Released in a three-page manifesto titled, “EUROPEAN ASTRONAUTS’ MANIFESTO ON THE OCCASION OF THE EUROPEAN SPACE SUMMIT”, the organization expressed its passion for human spaceflight and wrote to encourage the ESA to further develop a program that might one day allow the European Union to launch its own astronauts.
“A Europe that projects itself as a leading society must have the capabilities to set its own goals, and to decide for itself how far it wants to go in space exploration, united in our European values,” the document stated. “We now have a unique window of opportunity to accelerate and become a fully recognized partner of the global space endeavor.” An advisory group has been put together by the ESA to further explore these possibilities and is set to report back to the ESA on their findings at the next ESA Council of Ministers held in November 2022.
“Between now and summer, we want to come up with more specific European targets and ambitions for manned space travel,” he said through an interpreter. “We need to know what our priorities are, have the data to back it up and prepare the choices we are going to take for the November [ESA] ministerial meeting.”, stated Aschbacher. ESA has repeatedly attempted to develop its own crewed spacecraft in the past, including the “Crew Rescue Vehicle” (one variant shown in the header image), Crew Space Transport System, and Hermes spaceplane.
Among the conversations of human spaceflight, the summit also revealed additional initiatives the ESA plans to focus on as they further develop a more independent space program.
The ESA presented three “accelerators” or objectives that they aim to focus on while ramping up their space program. “Space for a Green Future”, “Rapid and Resilliant Crisis Response”, and “Protection of Space Assets”. According to the ESA, the three programs are described as the following:
“Space for a Green Future” aims to use data derived from Earth observation satellites to help Europe act to mitigate climate change and to support reaching a carbon-neutral economy by mid-century.
“Rapid and Resilient Crisis Response” seeks to better use space data, cognitive cloud computing, and intelligent interconnectivity in space to support those in charge to provide the vital responses to crises on Earth.
“Protection of Space Assets” will contribute to preventing damage to the European space infrastructure and avoid disruption to its economically vital infrastructures such as power supplies and communications links due to space weather conditions.
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’
