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SpaceX to surpass weekly launch target in first half of 2022
SpaceX is on track to surpass CEO Elon Musk’s weekly launch target in the first half of 2022 with one final launch scheduled in June,
While still awaiting SpaceX’s official confirmation, the company appears to be on track to launch one last time before the start of the second half of the year. Drone ship A Shortfall Of Gravitas (ASOG) departed Port Canaveral on June 24th and headed around 666 kilometers (~413 mi) east of the Florida coast, where it will support a Falcon 9 booster landing after the launch of the geostationary SES-22 communications satellite. Originally scheduled to launch in July as of March, SpaceX ultimately managed to squeeze SES-22 into its June manifest.
With the launch fast approaching, SES-22 has slipped slightly from a June 27/28 target to no earlier than (NET) 5:04 pm EDT (21:04 UTC) on June 29, leaving SpaceX two attempts to launch the satellite this month. SES-22 is a geostationary communications satellite of an unknown mass (possibly around 3.5 tons or 7700 lb) designed to supply TV, radio, and other communications services to customers in the United States. It will be the first SES satellite launch in response to the US Federal Communication Commission’s (FCC) C-band auction, which paid existing operators to clear a portion of the “C-band spectrum” (radio waves between 4-8 GHz) that is optimal for ground-based 5G networks.
Built by Europe’s Thales Alenia Space alongside SES-23, SES-22 was originally meant to be a spare for SES-18, 19, 20, and 21, which are being manufactured by Northrop Grumman and were scheduled to launch in pairs in H2 2022. SOme of the Northrop Grumman-built satellites, however, have suffered significant delays. Strangely, while SpaceX’s SES-18/19 launch schedule has become indeterminate, SES-20/21 are reportedly on track to launch on a ULA Atlas V rocket as early as August. As a partial result, SES recently announced that SES-20 will replace SES-22 as an on-orbit spare, freeing up SES-22 to begin operating just a month or two after launch.
SES-22 will be SpaceX’s 27th launch of 2022 and last launch of the first half of the year, an average cadence of one orbital launch every 6.7 days. Technically, SpaceX’s relatively abrupt cadence surge began in late 2021, and the company has now completed 34 launches – also more than one per week – in the last eight months.
To meet CEO Elon Musk’s February target of one launch per week in 2022, SpaceX ‘only’ has to repeat the extraordinary feat it has already achieved in the first half of the year. For a rolling annual average of one launch per week, however, SpaceX is already two-thirds of the way to the finish line and has 18 launches to go over the next ~20 weeks.
Barring delays, SES-22 will be SpaceX’s 17th commercial launch since November 2021 – a clean 50:50 split with the 17 internal Starlink launches SpaceX has completed in the same period.
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
