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NASA scrubs first SLS Moon rocket launch attempt
NASA has scrubbed the first attempted launch of its Space Launch System (SLS) Moon rocket after running into multiple issues, one of which could not be solved in time.
The delay is bad news for the tens to hundreds of thousands of tourists who traveled to Cape Canaveral, Florida to witness the launch in person. Worse, by NASA’s own implicit admission, there’s a good chance the main problem SLS encountered could have already been dealt with and rectified in advance of the launch attempt if the space agency had finished testing the rocket earlier this summer.
Ultimately, that omission turned the first SLS launch attempt into more of a continuation of the rocket’s first four wet dress rehearsal (WDR) attempts, none of which ended as expected. NASA engineers will now have to decide how to proceed and whether the SLS rocket can be made ready in time for another launch attempt on September 2nd or 5th. If not, the next opportunity could be weeks away.
As far as SLS test operations go, the August 28/29th launch attempt was fairly ordinary, with the rocket running into multiple issues – a few minor, a few significant, and one identical to a previous problem. The first problem – a hydrogen leak near the SLS rocket’s base – came after a risk of lightning delayed the start of propellant loading by more than an hour. A very similar, if not identical, hydrogen fuel leak had already occurred during official wet dress rehearsal testing in April and July.
That leak was fixed on the fly by properly chilling all related systems, and propellant loading was eventually completed – albeit a few hours late thanks to inclement weather. Shortly after, there were reports of a crack that needed careful analysis. Only later did NASA specify that the suspected crack was in the rocket’s foam insulation rather than its structures, the latter of which could have been a catastrophic problem.
Around the same time, the true showstopper of the day occurred when NASA attempted to chill the SLS Core Stage’s four RS-25 engines, all of which flew several times aboard reusable Space Shuttle orbiters. Three engines performed (mostly) as expected, flowing a bit of liquid hydrogen fuel to cool themselves down, but one – engine #3 – was never able to make progress toward the optimal temperature needed for ignition (~5°C/~41°F). After hours of remote troubleshooting attempts, no progress had been made, and NASA ultimately decided to scrub the launch attempt at T-40 minutes to liftoff.
Over the course of four separate wet dress rehearsal attempts in April and June 2022, NASA was never able to test the core stage’s engine chill capabilities. In a post-scrub press conference, Jim Free – NASA’s Associate Administrator of the Exploration Systems Development Division – revealed that all four engines were warmer than intended, further confirming that skipping a fully nominal wet dress rehearsal was likely a mistake. Clear and present evidence aside, Free stated that he and other executives still believed skipping that test was the right decision, claiming that ending explicit WDR testing reduced the number of times the rocket needed to be moved on its transporter.
Making the situation even harder to explain, Artemis I Mission Manager Mike Sarafin revealed in the conference Q&A that Boeing had changed the design of parts of the SLS engine chill (bleed) system after the Core Stage finally conducted a nominal static fire test at Mississippi’s Stennis Space Center. Completed in March 2021, the SLS rocket then sat inside NASA’s Kennedy Space Center, Florida Vehicle Assembly Building (VAB) for a full year before attempting its first wet dress rehearsal tests at the launch pad.
The first round of three WDRs were not as smooth as NASA expected and instead uncovered three relatively small issues: a hydrogen leak, a single faulty upper stage valve, and problems with a ground supply of nitrogen gas. Those small issues led NASA to roll SLS back to the VAB for repairs, incurring a minimum multi-week delay that stretched into two months. SLS also failed to complete a fourth WDR attempt in July 2022, but NASA decided to overlook the rocket parts and phases of preflight operations that were never actually tested as planned, one of which was the engine chill system.
If NASA cannot fix the RS-25 chill system within the next few days, it will be forced to roll the entire rocket and mobile launch platform back to the VAB to – at a minimum – replace its flight termination system (FTS). The US Eastern Range requires that all rocket FTS systems be tested no more than 15 days before launch, and NASA was able to secure special permission for a gap of up to 25 days. However, because Boeing’s Core Stage design places the FTS system in a location that is reportedly inaccessible at the pad, the entire SLS rocket will need to roll back to the VAB to have its FTS systems “retested” after that period.
As a result, NASA’s SLS launch debut will be delayed by several weeks (at best) if it can’t recycle for another attempt on September 2nd or 5th. The next window runs from September 20th to October 4th, but the SLS rocket took 10 days to go from its latest rollout to first launch attempt – a figure that doesn’t include the time required to remove the rocket from the pad, roll it back to the VAB, and conduct any necessary repairs or tests while back in the bay. If NASA can’t fix the engine problem at the pad by September 3rd or 4th, the true delay could be more like 4-6 weeks.
With any luck, that won’t happen, but it’s clear that a lot of stress and discomfort could have been avoided if NASA had gone into its first launch attempt knowing that its SLS rocket was truly ready.
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’
