News
SpaceX’s third Falcon 9 launch in 31 hours aborted by “tiny helium leak”
SpaceX’s third Falcon 9 launch in a little over 31 hours was called off seconds before liftoff after the rocket’s onboard computer detected what Elon Musk says was a “tiny helium leak.”
SpaceX takes “no risks with customer satellites,” per the CEO, so the company has stood down from its October 6th launch attempt to inspect the rocket, analyze data gathered from tonight’s attempt, and ensure everything is in order. Barring surprises, SpaceX will attempt to launch Intelsat’s Galaxy-33 and Galaxy-34 geostationary communications satellites at the next earliest opportunity, a 69-minute window that opens at 7:06 pm EDT (23:06 UTC) on Friday, October 7th.
The abort ends an opportunity SpaceX had to launch three Falcon rockets faster than ever before, but the company was still able to crush a different (internal) record with two Falcon 9 launches in seven hours on October 5th. Thanks to its relentless pursuit of ever-higher launch cadences, SpaceX will likely have many opportunities to break its record of three launches in ~36 hours over the next several months.
Intelsat’s Galaxy-33/Galaxy-34 (G33/G34) mission would have been SpaceX’s third Falcon 9 launch in 31 hours and 20 minutes following the successful October 5th launches of Crew-5 (carrying four astronauts) at 12:00 pm EDT and Starlink 4-29 (deploying 52 Starlink satellites) at 7:10 pm EDT. The hat-trick record for a non-SpaceX vehicle appears to have been previously held by the Soviet R-7 rocket family, which completed three launches in 40 hours in March 1978.
SpaceX broke that record in June 2022 when it launched Starlink 4-19, SARah-1, and Globalstar FM15 a little over 36 hours apart. It will now have to wait for another opportunity to break its own record, though it likely won’t be too long as the company continues to target 60 launches in 2022 and “up to” 100 launches in 2023.
According to a SpaceX launch controller, Falcon 9’s first ill-fated Galaxy-33/Galaxy-34 launch attempt was aborted automatically when the rocket’s flight computer “identified higher than expected cryo helium decay.” SpaceX’s Falcon rockets burn a combination of cryogenic liquid oxygen and chilled rocket-grade kerosene (RP-1), but they carry composite overwrapped pressure vessels (COPVs) filled with high-pressure helium gas to keep their propellant tanks pressurized as they’re drained. If SpaceX’s much larger Starship rocket shares some similarities, the company may also use a system of “helium injection” [PDF] inside Falcon 9 to keep its cryogenic oxygen and chilled kerosene as cold as possible. Musk later simplified the cause of the abort to a “tiny helium leak,” but the location of the leak (inside or outside of the rocket) was not specified.
Two hours before that, the Crew Dragon spacecraft SpaceX launched the day prior successfully docked with the International Space Station (ISS), delivering its ‘payload’ of four professional astronauts to the orbital outpost. One of those passengers is Russian cosmonaut Anna Kikina, marking the first time an American spacecraft has ferried a Russian to the ISS in almost 20 years. That milestone has unfortunately been muddied and overshadowed by the country’s illegal, genocidal, and increasingly suicidal invasion of Ukraine.
Crew-5 is the seventh Crew Dragon to successfully transport astronauts to the ISS and SpaceX’s eighth crewed launch overall since May 2020. Flying for the second time, Crew Dragon capsule C210 docked on its first try after a smooth 29-hour rendezvous. About a week from now, another crew of four astronauts will board a different Crew Dragon spacecraft and return to Earth, handing off the ISS to Crew-5 and ending SpaceX and NASA’s Crew-4 mission.
SpaceX is scheduled to launch at least one more batch of astronauts for NASA in March or April 2023, meaning that the company is expected to singlehandedly ensure NASA access to the ISS for almost three full years. At the start of the Commercial Crew Program and for most of its development, NASA intended for partners SpaceX and Boeing to alternate, but Boeing’s Starliner spacecraft is years behind schedule.
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’
