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SpaceX CEO Elon Musk reveals Starship factory upgrade plans
CEO Elon Musk says that SpaceX is about to begin the construction of “a much larger high bay” adjacent to the existing structure, an 82m (~270 ft) tall building used to complete assembly of Starship and Super Heavy boosters.
According to Musk, the newest addition to SpaceX’s arsenal of Starship production facilities will be located “just north” of an existing high bay, which measures approximately 30m by 25m (100′ x 80′). Most importantly, Boca Chica’s high bay is tall enough for SpaceX to use a bridge crane to stack 50m (165′) Starships and ~70m (~230′) Super Heavy boosters – far more efficient and protected than using wheeled or tracked cranes to assemble rockets out in the open.
Construction of the existing high bay began in May 2020 and was more or less complete by the start of 2021. The structure was truly finished in April 2021 with the installation of a heavy-duty bridge crane, though work continues to this day on what CEO Elon Musk has described as a bar and viewing area to be located at the top of the bay.
Musk’s assertion that the new facility will be “much larger” can be interpreted a number of ways. There’s a distant possibility that SpaceX will build a true NASA-style Vehicle Assembly Building like the colossal VAB used to fully assembled Saturn V and the Space Shuttle at Kennedy Space Center. For Starship, that would require a structure at least ~130m (~430 ft) tall – more than 50% taller than the current ‘high bay’.
More likely, Musk means that SpaceX will effectively be building a second similarly tall high bay but with far more usable floor space. The existing structure is large enough to fit four or far different Starship or Super Heavy ‘stacks’ at once, though SpaceX’s current setup appears to allow two or three vehicle sections to be stacked and worked on simultaneously. In his July 25th tweet, Musk implicitly noted that SpaceX does have a significant amount of mostly unused space that could be perfect for another assembly building directly north of the high and mid bays.
Generally speaking, SpaceX has a plot of land around 170m (~560′) by 190m (~620′) that’s currently half-used as a Starship scrapyard and overflow lot, but most of the space is empty. Even if SpaceX only turned half of that land into a sort of vertical Starship assembly line, it would still boost high bay floor space by at least a factor of five or six – and possibly 8-10x. With that much extra space enclosed in a permanent structure, it’s likely that this new facility could mark a new evolution in SpaceX’s ever-changing Starship factory.
Update: Elon Musk says that SpaceX’s second Starship ‘high bay’ will be “a little taller” than the first but have a “much bigger base” and multiple “gantry” (bridge?) cranes that will run the full length of the building.
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
