News
NASA’s Artemis Moon mission hits important milestone with successful full-scale booster test
NASA’s upcoming Artemis mission to the Moon hit an important milestone today by successfully ground testing a full-scale version of its newest rocket booster.
Building on the completion of other similar tests of the booster – named Flight Support Booster 1 (FSB-1) – which qualified it for flight as part of the agency’s upcoming Space Launch System (SLS), this most recent test used new propellant materials and verified that the ballistic requirements of its five motors were met. In a follow up teleconference, NASA and its partners confirmed the test accomplished its goals.
https://twitter.com/JimBridenstine/status/1301260812342890496
“NASA and Northrop Grumman have completed testing for the boosters used for the first three Artemis missions of the agency’s lunar program,” the digital press kit detailed. “FSB-1 builds upon prior tests of the rocket’s five-segment solid rocket booster to evaluate improvements and new materials in the boosters for missions beyond Artemis III.”
FSB-1 and its variants are primarily built by NASA partner Northrop Grumman whose facility in Promontory, Utah is where today’s test took place. The recent test firing burned for about two minutes and produced 3.6 million pounds of thrust. Its success is a nod to NASA’s claim that these are the largest, most powerful rocket boosters ever built for flight. Measuring 167 feet long and 12 feet in diameter, FSB-1-type boosters will fly in pairs along with the main SLS rocket body and cargo.
NASA’s Artemis mission is dubbed as the “twin sister of Apollo” and is aiming to return humans to the Moon by 2024. The agency has set out to develop a whole suite of technologies to support both a sustainable lunar-oriented mission and a subsequent Mars mission, engaging the commercial space community along the way. While the launch components of Artemis involve the traditional NASA path of using long-time contractors, other parts of the mission have been opened to other bidders whose contract winners have included SpaceX.
As an add-on to its success in launching the first astronauts to the ISS from American soil since the Space Shuttle’s retirement in 2011, SpaceX has also made headway in NASA’s competitive Moon race. The private space company has already procured four contracts to develop and lunar launch and landing capabilities for the agency, one as recently as the end of August. SpaceX also has multiple Moon-oriented launch contracts independent of NASA.
NASA’s SLS rocket seen in its Block 1 configuration with on Orion capsule on top. (NASA)
One of the SLS’s primary competitors will be SpaceX’s Falcon Heavy and Starship rockets. The company has already begun testing prototypes of its rocket-lander combination along with setting world records with its new Raptor engine. While SpaceX’s primary mission is to ferry humans to Mars for lifelong stays, the Moon is already providing paying customers for the venture.
Last year, CEO Elon Musk announced a private charter agreement between eccentric Japanese billionaire Yusaku Maezawa and the rocket maker for a lunar trip in 2023. SpaceX’s earliest NASA-backed trip to the Moon is set for 2022 while the agency’s own Artemis mission has 2024 on its calendar for launch.
You can watch NASA’s full Artemis mission booster test below:
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.”
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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 has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
