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SpaceX board member says Starlink prototype satellites “are working wonderfully”
Speaking in a Satellite Innovation 2018 keynote, long-time SpaceX investor and board member Steve Jurvetson made a quiet but significant comment about the company’s Starlink satellite constellation efforts, stating that the first two prototype spacecraft – currently in orbit – “are working wonderfully.”
Standing in contrast to recent speculation that SpaceX’s Starlink project had experienced major failures with on-orbit hardware, Jurvetson may be a biased source but still has a major vested interest in SpaceX’s long-term success – supporting billions dumped into a satellite constellation with no real returns in sight would serve to seriously harm his significant investments in the company.
He would say that? Maybe, but @dfjsteve Jurvetson, early @SpaceX & @planet investor, told Satellite Innovation conference Oct 10, regarding SpaceX's two Starlink test sats launched in February: pic.twitter.com/WHzJlPUEPA
— Peter B. de Selding (@pbdes) October 12, 2018
Perhaps the most trustworthy source of SpaceX information outside of the company itself, Jurvetson expressed considerable confidence in SpaceX’s Starlink achievements thus far.
“I personally think SpaceX is in the lead [with Ku- and Ka-band phased arrays that could make (global LEO satellite broadband) possible] … Tintin 1 and 2 [are working wonderfully].” – Steve Jurvetson, Satellite Innovation 2018
Previously discussed on Teslarati, SpaceX’s growing experience with phased array antennas is undoubtedly a boon for the company’s proposed Starlink internet constellation, just one of several companies actively pursuing the increasingly competitive low Earth orbit (LEO) satellite broadband market. Fundamentally, phased array antennas will eventually take over nearly all multipurpose orbital communications thanks to the sheer simplicity and potential technical superiority of the technology.
Phased array antennas get their name from the fact that they have no moving parts – rather than moving a physical dish or angling dedicated ‘beams’, phased arrays actively use signal interference to very precisely shape, direct, and regulate line-of-sight communications beams. Currently quite immature, the draw of the technology is the sheer simplicity and reliability of antennas that require no moving parts, eliminating a major mode of failure and the inherent physical limitations of current antenna tech. Without something like phased arrays, LEO communications satellites would struggle to accurately and reliably track ground stations and gateways while traveling multiple kilometers per second.
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- Traditional geostationary commsats like Telstar 19V feature dish-style antennas. The weird lumps and bumps on each dish are there by design, enabling the oddly specific coverage footprints seen to the right. (Telstar)
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- Telstar 19V’s coverage map. Each coverage blob is there by design and is accomplished by physically shaping the antenna dish.
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- LEO communications satellites like Iridium’s NEXT constellation feature totally flat panels of phased array antennas, capable of forming beams digitally. (Harris)
Large communications satellites in geostationary orbit do not face this problem. Thanks to their inherently fixed positions over ground targets (hence “geostationary“), designers and manufacturers have learned to quite literally mold each satellite’s on-orbit antennas to explicitly prioritize certain areas on the ground. This process tends to involve a prior determination of markets where demand for satellite communications is or will be highest, while also avoiding wasted coverage over areas with no need for it. However, once the antenna is launched, its beams are almost completely permanent. If markets change, the satellite simply cannot adapt.
Phased arrays, on the other hand, can almost entirely change where their many beams are directed, how much bandwidth is dedicated to certain locations, and all while accurately tracking moving targets with very few limitations. As a result, satellites with phased array antennas are sort of the communications jacks of all trades, capable of offering high-bandwidth connectivity to stationary user terminals, large ground stations, and moving vehicles simultaneously from with the same antenna array.
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- SpaceX’s first two Starlink prototype satellites are pictured here before their inaugural launch, showing off a thoroughly utilitarian bus and several advanced components. (SpaceX)
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- Patent diagrams like this show various subcomponents of a sandwiched phased array antenna, comprised of multiple printed circuit boards. (SpaceX)
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- The technical term for this is “science rectangle.” In all seriousness, this is actually an extraordinary glimpse at custom silicon developed in-house at SpaceX, in this case a semiconductor die. (SpaceX)
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- One of the first two prototype Starlink satellites separates from Falcon 9’s upper stage in February 2018. (SpaceX)
If SpaceX can perfect this, they will be the only company in the world to have done so on-orbit, while other satellite operators like Iridium have managed to build and launch low-bandwidth phased arrays but have yet to attempt to do so with the bands optimal for broadband internet or at a scale that might work for constellations of hundreds or even thousands of satellites. If Jurvetson is to be believed, SpaceX’s first foray into dedicated communications satellites and specialized hardware design and manufacturing has been a major success.
Even if the orbits of Tintin A and B do suggest that some difficulties were had with at least one satellite’s electric propulsion thrusters, it’s obvious that the experience and data derived from testing the vast majority of each satellite’s non-propulsion-related systems were invaluable and well worth the effort. Another group of prototypes will likely be launched according to Elon Musk, but that’s simply how SpaceX develops complex systems – build, launch, learn, and repeat.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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’
