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SpaceX’s Crew Dragon gets tentative NASA target for first astronaut launch
New information from both NASA and the US Government Accountability Office (GAO) confirm that SpaceX is currently targeting – at least very tentatively so – Crew Dragon’s first launch with astronauts aboard no earlier than November 15th, 2019.
SpaceX is currently in the midst of a complex, high-stakes anomaly investigation after its flight-proven DM-1 Crew Dragon capsule suffered a catastrophic failure on April 20th. That investigation is nowhere near full closure due to the fact that the interests of NASA and the Commercial Crew Program (CCP) are equally interwoven into the work involved. Given the potential consequences of a similar failure occurring with astronauts (public or private) aboard, NASA is unlikely to accept anything less than a no-stone-left-unturned analysis and failure resolution, including any necessary design changes to Crew Dragon, no matter how far-reaching.
As NASASpaceflight.com’s Chris Gerbhardt notes, the Crew Dragon-related dates included in the NASA Flight Planning Integration Panel (FPIP) document are extremely tentative. They’re really only there to serve as placeholders for longer-term International Space Station planning, already a necessarily uncertain endeavor. Nevertheless, NASA’s NET November 15th 2019 planning date for Crew Dragon DM-2 (the first crewed test flight) was likely okayed by SpaceX – if not provided outright by the company – before going into an official FPIP.
In other words, November 15th is probably a real target but should be treated as an absolutely-positively-no-earlier-than launch date for Crew Dragon’s first astronaut-laden mission to the ISS. Back in late March (after DM-1’s successfully completion but before the capsule’s ground failure), anonymous Russian space industry sources confirmed that NASA’s DM-2 planning date was July 25th, while also indicating that the space agency was already preparing for delays that could push DM-2 as late as November 2019.
Specifically, an anonymous Roscosmos source told Russian outlet TASS that “the [DM-2] launch of Crew Dragon is likely to be postponed to November”. Given that that delay was rumored – albeit quasi-officially – and reported on nearly a month before Crew Dragon capsule C201 catastrophically exploded during testing, it doesn’t exactly inspire confidence in a November 2019 DM-2 planning date officially released by NASA more three months later.
Crew Dragon stumbles, but optimism remains
As is often said, things were going perfectly up to the point that they weren’t. Despite 2-3 months of NASA paperwork and review-related delays, SpaceX’s first flightworthy Crew Dragon performed flawlessly during orbital rendezvous, docking, departure, and reentry to the extent that NASA and SpaceX officials were joking on-webcast about their partial disbelief. NASA’s lengthy post-mission review effectively concluded as much, although there is always room for improvement.
Due to those aforementioned DM-1 delays (roughly early January to early March), DM-2’s Crew Dragon assembly and integration was delayed in turn to preserve access in case DM-1 revealed flaws or necessary changes. Things didn’t quite go as planned, but the delayed integration has turned out to be beneficial, preserving access to most of Dragon 2’s critical subsystems without requiring major disassembly before any anomaly-related changes are implemented.
Per a late-May update from CCP manager Kathy Lueders, SpaceX has effectively shifted its Crew Dragon hardware assignments over one to account for the loss of the DM-1 capsule, C201. The vehicle previously assigned to DM-2 has been reassigned to a critical in-flight abort (IFA) test, previously meant to use flight-proven C201. Per charts provided during Lueders’ presentation, SpaceX’s replacement DM-2 capsule (likely the capsule previously assigned to the following mission, Crew-1) is in a sort of holding pattern to allow for modifications that may be required after the DM-1 failure investigation concludes.
Per a previous December 2018 update from Lueders, SpaceX’s original DM-2 spacecraft (now assigned to IFA) was expected to be fully assembled, shipped to Pad 39A, and ready for launch by June 2019. Accounting for DM-1’s delays, that spacecraft could likely be ready for the abort test as early as July or August, which meshes with post-anomaly indications that IFA is now scheduled no earlier than fall (September 2019)
All things considered, a pragmatic analysis suggests that Crew Dragon‘s DM-2 launch will most likely happen no earlier than Q1 2020, although miracles (and nightmares) are certainly possible. For the time being, all that really matters to SpaceX is wrapping up the C201 failure investigation as quickly and accurately as possible. Only after the company has publicly announced the results of that investigation should any IFA or DM-2 launch dates be taken with anything less than a full shaker of salt.
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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’
