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SpaceX rings in Falcon 9’s 10th anniversary with a rocket reusability first
Today is the tenth anniversary of SpaceX’s inaugural Falcon 9 launch, marking a decade of largely uninterrupted success that the company has rung in with a record-breaking Starlink launch and rocket landing.
Just one day shy of the occasion, booster B1049 lifted off on its fifth orbital launch and Falcon 9’s 86th launch overall, successfully placing the eighth batch of 60 SpaceX Starlink satellites in orbit and becoming the first booster ever to complete five orbital-class launches and landings. Designed to fly no fewer than 10 times each, that means that SpaceX is already half of the way to achieving a major goal of the rocket’s Block 5 upgrade just 24 months after its launch debut.
With Starlink-8 under its belt, Falcon 9 B1049 has officially become the fastest orbital-class rocket or spacecraft in history to perform five launches, beating out Space Shuttles Columbia (~27 months), Challenger (~24 months), Discovery (~22 months), Atlantis (~26 months), and Endeavour (~29 months) with launches in ~20 months. Over the 10 years it’s been operational, thanks in large part to the unprecedented leaps SpaceX has made while independently developing booster reusability, Falcon 9 has become the most affordable source of large orbital launches and has come to dominate the commercial launch market and the company’s lead is only likely to grow in the coming years.
Lifting off just hours after SpaceX completed Port Canaveral recovery operations with the first astronaut-proven Falcon 9 booster (B1058), B1049’s fifth successful launch and landing means that the company will soon be able to attempt the sixth launch of an orbital-class booster for the first time ever. All but guaranteed to support one of the 20-24 Starlink missions SpaceX has planned for 2020, B1049 could be ready for its sixth launch as early as late July or August.
Just like the booster’s two prior launches, B1049 was carrying a ~16 metric ton (~35,000 lb) batch of 60 Starlink communications satellites. Thanks to Falcon 9’s exceptional cost-to-performance ratio and the rapid expansion of Starlink launch activities, SpaceX’s workhorse rocket has already launched almost 450 metric tons (~1 million lb) of satellites and cargo into orbit over 10 years of service and 85 launches.
If things go according to plan, the Starlink launch campaign SpaceX needs to complete the massive satellite constellation will rapidly double (and almost triple) the total mass SpaceX has placed in orbit. The first major phase of 4400 satellites – currently 9.5% complete – will collectively weigh more than 1100 metric tons (~2.5 million lb), while the combined second and third phases will raise that by almost a full magnitude. Falcon 9 may forever be famous thanks to the leaps it’s made in reusability, affordability, and reliability, but it will likely end up being best known for its foundational role in the deployment of SpaceX’s vast Starlink internet constellation within a few years.
After B1049.5 safely returns to Port Canaveral aboard drone ship Just Read The Instructions (JRTI) sometime next week, SpaceX can offload the rocket, transport it to a nearby hangar, and begin preparing it for launch #6 – a first for the company. If SpaceX can average 90-day turnarounds for the booster over its next several flights, B1049 could potentially become the first Falcon 9 first stage to achieve its 10-flight design goal before the end of next year.
Meanwhile, SpaceX is already preparing to launch its next (ninth) Starlink mission as early as June 12th, beating the pad’s current turnaround record by almost three days (~25%). All things considered, a full decade in, SpaceX and its Falcon 9 rocket are just getting started.
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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’
