News
NASA’s SLS Moon rocket almost aces vital prelaunch test on 7th try
Following several incomplete attempts in April, June, August, and September, NASA’s first Space Launch System (SLS) Moon rocket has almost aced a vital prelaunch test on the seventh try.
NASA says that “all objectives were met” during the ten-hour test, which wrapped up around 4:30 pm EDT (20:30 UTC) on Wednesday, September 21st. Despite the rocket running into multiple additional issues, some old and others new, the agency was confident enough in the preliminary results of the wet dress rehearsal (WDR) – deemed a “cryogenic demonstration test” – to reaffirm that it’s still working towards a third launch attempt as early as September 27th.
That launch date is not set in stone, but NASA also hasn’t ruled out the window after the latest round of SLS testing. The agency will host a press conference on Friday, September 23rd, to provide its final decision and offer more details about the seventh wet dress rehearsal.
Despite NASA’s apparent confidence after the test, which was admittedly smoother than most previous SLS tests at the launch pad, it was far from smooth. The immediate story of the “cryogenic demonstration test” dates back to the SLS Artemis I rocket’s second so-called “launch attempt” on September 3rd. During that attempt, the launch was aborted well before SLS was ready when NASA detected a major hydrogen fuel leak around one of the quick-disconnect umbilical panels that fuels and drains the rocket. Remote troubleshooting was unable to solve the problem, forcing NASA to stand down.
Over the last few weeks, teams inspected, tested, and repaired the faulty Tail Service Mast Umbilical (TSMU), preparing for a cryogenic proof test meant to verify that the issue was fixed. During that September 21st test, the TSMU still leaked significantly for the whole duration, but it did so more predictably and – unlike prior leaks – never violated the limits that would trigger a launch abort.
But near the end, a different umbilical panel developed a significant hydrogen leak that did violate those launch constraints, meaning that NASA would have likely had to stand down yet again if it had attempted to launch before completing additional testing. The test was completed successfully, but its goals and constraints were not the same as those facing a launch.
A NASA-developed rocket leaking hydrogen is unfortunately a tale as old as time. That the agency that struggled with hydrogen leaks throughout the 30-year career of the Space Shuttle appears to be just as flabbergasted by nearly identical problems on a new rocket – SLS – that has Shuttle ‘heritage’ on almost every square inch is not surprising, even if it is somewhat embarassing.
Liquid hydrogen fuel always has been and likely always will be a massive pain to manage in any rocket, but especially in a large rocket. As the smallest element in the universe, it is fundamentally leak-prone. Combined with the fact that it only remains liquid below the extraordinarily low temperature of -253°C (-423°F), generates ultra-flammable hydrogen gas as it continually attempts to warm to a more stable temperature, and naturally embrittles most metals, it’s an engineering nightmare by almost every measure.
For all that pain, hydrogen does provide rocket engineers exceptional efficiency when properly exploited, but even that positive aspect is often diminished by hydrogen’s ultra-low density. For rocket stages that have already reached orbit, hydrogen-oxygen propellant offers unbeatable efficiency. But for a rocket stage that will never be used in orbit, like the SLS core stage, hydrogen fuel is rarely worth the tradeoffs – a reality that SLS is unfortunately providing a strong reminder of.
Demonstrating the Groundhog Day-esque nature of NASA rockets and hydrogen leaks, the same leaky TSMU panel that aborted SLS’ September 3rd launch attempt (sixth WDR) and had to be fixed and retested on September 21st also caused a hydrogen leak that partially aborted the rocket’s third wet dress rehearsal attempt in April 2022. NASA then rolled the rocket back to the Vehicle Assembly Building (VAB), where workers spent almost two months inspecting and reworking the fuel TSMU and fixing other issues. During its first test (WDR #4) after rolling back to the pad in June, the same fuel TSMU leaked and NASA had to return the rocket to the VAB again to fix the problem.
The fuel TSMU then leaked on the SLS rocket’s first launch attempt (really WDR #5), but the problem was resolved and was not what caused NASA to stand down. It was, however, a primary reason behind NASA’s second aborted launch attempt (WDR #6). With any luck, the eighth time will be the charm.
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 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
