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SpaceX’s 99th Falcon launch checks off new rocket booster reuse record [updated]
Update: Right on schedule, SpaceX Falcon 9 booster B1049 lifted off from Cape Canaveral Air Force Station Launch Complex 40 (LC-40) carrying 58 Starlink satellites and three rideshare payloads from Earth observation company Planet.
A bit less than nine minutes after liftoff, B1049 performed a bullseye landing on drone ship Of Course I Still Love You (OCISLY), becoming the first Falcon 9 booster to successfully launch and land six times. Soon after, the expendable Falcon 9 upper stage reached orbit without issue and deployed three Planet SkySats to complete SpaceX’s third Starlink rideshare mission in two months.
Around T+45 minutes, SpaceX revealed that recovery ship GO Ms. Tree (formerly Mr. Steven) had successfully caught a Falcon fairing half for the fifth time – also the second catch of a twice-flown fairing. Seconds later, Falcon 9 deployed all 58 Starlink v1.0 satellites, completing SpaceX’s 11th Starlink mission and leaving almost 600 operational v1.0 satellites in orbit. With this success, SpaceX is now just four launches away from beginning a public Starlink internet beta test.
SpaceX is hours away from crossing off a major rocket reusability milestone while simultaneously attempting the 99th 100th launch of a Falcon rocket.
SpaceX’s 10th Starlink v1.0 satellite launch, 11th Starlink mission overall, and ninth Starlink launch this year is scheduled to lift off from Cape Canaveral, Florida no earlier than (NET) 10:31 am EDT (14:31 UTC) on Monday, August 18th. Carrying 58 Starlink spacecraft and three Planet SkySat Earth imaging satellites, Starlink-10 will be third mission of SpaceX’s Smallsat Rideshare Program. If the mission goes according to plan, SpaceX will end the day with some 585 operational Starlink satellites in orbit – ~69% of the way to the internet constellation’s initial operational capability (IOC).
If successful, Starlink-10 would leave SpaceX just four launches shy of one of the biggest milestones facing any satellite communications constellation.
For Starlink, there are likely several different initial operational capability (IOC) milestones ahead of the constellation. As of July 2020, SpaceX says “hundreds” of private beta test participants – mostly SpaceX employees and their families – are already putting the nascent internet service through its paces.
More recently, the first public signs of those beta testers appeared via speed tests shared (intentionally or not) online, revealing Starlink internet speeds ranging from 10-60+ megabits per second (Mbps) and latency (ping) approaching what CEO Elon Musk said early customers should expect (20-30 ms). Already, latency alone puts Starlink internet service leagues above medium Earth orbit (MEO) and geostationary (GEO) competitors, while the speeds available to private beta testers are easily comparable to or better than existing satellite internet alternatives. Given that current beta-testers are only accessing a constellation of a few hundred satellites (of thousands planned) with user terminal prototypes, it’s safe to say that the quality of Starlink internet service can only improve.
While SpaceX is barely a tenth of the way to Starlink’s first ~4400-satellite phase, a May 2020 interview with Gwynne Shotwell revealed that the company intends to open the Starlink beta program to the public once 14 batches of satellites are safely in orbit. Based on recent FCC-SpaceX interactions, it appears that the company is excluding v0.9 satellite prototypes from the operational count, implying that said public beta can begin to roll out once the Starlink V1 L14 (Starlink-14) launch is complete and the satellite batch has boosted into its final orbit.
Main purpose aside, the Starlink-10 mission will also mark several major rocket milestones for SpaceX. Regardless of the outcome, the company will be just one launch shy from cresting the triple-digit
mark, reaching 100 Falcon 1, Falcon 9, and Falcon Heavy launch attempts since its 2005 launch debut. The mission will also be Falcon 9’s 92nd launch and – if successful – 91st success. Based on SpaceX’s activity in the last eight months, the company could feasibly complete another 7-9 launches, of which 4-5 would likely be Starlink missions.
To economically launch so many Starlink missions, SpaceX has dug deep into the reusability of its Falcon 9 rockets. In April, Falcon 9 B1048 became the first booster to launch five times, although an engine failure prevented a landing attempt. In June and August, another two Falcon 9 boosters successfully launched and landed for the fifth time. Now, Falcon 9 B1049 – the first SpaceX rocket to successfully launch and land five times – is set to become the first to launch (and hopefully land) six times with Starlink-10. If the schedule holds and Starlink-10 goes according to plan, SpaceX will have set two consecutive booster reuse records less than three months (75 days) apart.
Tune in at the link below to watch SpaceX’s Starlink-10 launch and landing live.
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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’
