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SpaceX CEO Elon Musk forecasts a dozen Starship launches next year
CEO Elon Musk has provided a small update on SpaceX’s next-generation Starship rocket in a brief statement to and Q&A with the board of the US National Academies of Science, Engineering, and Medicine.
While it’s now been more than two years since Musk last gave a proper presentation on the Starship program, a number of excellent questions from board members still managed to extract a handful of new details about the fully reusable rocket, which the SpaceX CEO says aims to “be a generalized transport mechanism for the [entire] solar system.” According to Musk, though, the most pressing near-term issues facing SpaceX are more down to Earth.
Reiterated several times in his comments to the National Academies, Musk says that the current limiting factor for Starship is securing regulatory approvals from the FAA for the rocket’s first orbital test flights, which SpaceX and Musk initially hoped would begin as early as mid-2021. Targets from July to November 2021 have since come and gone, while SpaceX has only begun to make concerted progress towards Starship’s first orbital launch in the last two or so months. Almost two months after its first rollout, Starship S20 – the first orbital-class prototype – began integrated testing, completing ambient and cryogenic proof tests in late September and its first Raptor preburner and static fire tests in the second half of October.
Most recently, after almost a month spent inactive at SpaceX’s Starbase test facilities, Starship S20 fired up all six of its Raptor engines – the first test of its kind and a major milestone for the program. Save for the completion of some relatively simple closeout tasks, Starship S20 is now more or less qualified for flight after its successful static fire. That leaves Super Heavy Booster 4 (B4) – the first stage meant to carry Ship 20 into space – up next on SpaceX’s South Texas testing docket after almost four agonizing months spent sitting, untested, at various Starbase facilities.
Musk says that SpaceX preparing to complete “a bunch of tests in December” with the implication that those tests likely include the first full Super Heavy wet dress rehearsal (WDR) with thousands of tons of live propellant and the first several booster static fire tests. Recently refitted with 29 Raptor engines for the third time in four months, it appears that SpaceX is finally close to finishing Super Heavy B4 to a point that will allow the booster to begin integrated testing. Through Super Heavy B3, which completed testing this summer, SpaceX thankfully already knows that the basic booster design is a structurally sound pressure vessel with plumbing and systems capable of surviving a three-Raptor static fire.
Still, that’s barely more than 10% of the total number of engines Super Heavy will need operational to send Starship to orbit. After months at the pad, SpaceX is finally closing out Booster 4’s aft section and installing a basic heat shield around its 29 Raptor engines, which will produce up to ~5400 metric tons (~12M lbf) of thrust at liftoff – more than any other rocket in history. Following Starship S20’s recent success, SpaceX has now fired six Raptors simultaneously and in close proximity without issue. However, Super Heavy B4 will have to fire 29 engines packed into roughly the same amount of space. No other liquid rocket stage in history has a more densely-packed thrust section, averaging at least 85 tons of thrust per square meter (~125 psi) of available engine space.
It’s thus likely that SpaceX will split Super Heavy B4’s first static fire campaign into several different parts, possibly involving seperate tests of the center cluster of nine Raptor Center (RC) engines and outer ring of 20 Raptor Boost (RB) engines before firing up all 29 together. Even if that testing is completed without issue on the first attempts, SpaceX will still likely want to perform a full wet dress rehearsal – and possibly even another 29-engine static fire – with Ship 20 installed on top of Booster 4.
Musk also believes that Starbase’s first orbital launch site will be complete as early as “later this month” – essential for full booster testing. Once all testing is complete, Musk says Starship, Super Heavy, and Starbase should be ready for their first orbital launch attempt as early as January or February 2022. Of course, that launch is entirely contingent upon FAA environmental approval and launch licensing, the former still incomplete and the latter unable to proceed until the former is complete. If the FAA reaches a favorable conclusion, meets its recently-announced target of December 31st to complete Starbase’s environmental review, and grants SpaceX a new launch license just days or a few weeks later, a January-February launch isn’t out of the question.
Looking further into 2022, Musk also revealed that he hopes SpaceX will complete “a dozen [Starship] launches” next year – incredibly ambitious by any measure. There isn’t a rocket in history that’s achieved double-digit launches in the same year as its debut. More importantly, even if the FAA environmental review SpaceX is in the middle of ends with the best possible outcome for Starship, it limits the company to either 3, 5, or 8 (it’s somewhat ambiguous) orbital launch attempts per year. Still, even a ‘mere’ three orbital Starship launch attempts in 2022 would be an incredible acheivement for SpaceX – let alone five, or Musk’s forecast of a dozen.
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’
