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SpaceX nails first Falcon 9 booster launch debut in months [photos]
On December 5th, SpaceX pulled off a flawless Falcon 9 booster debut in support of the Cargo Dragon spacecraft’s CRS-19 space station resupply mission, marking the first launch of a new booster in months.
More specifically, the last time SpaceX launched a new Falcon 9 booster was on June 25th, 2019 during STP-2, Falcon Heavy Block 5’s second mission in two months. The mission featured two flight-proven side boosters – both reused from the Block 5 rocket’s April 11th launch debut – but also relied on a new center core (B1057). B1057 unfortunately failed moments before a planned touchdown on drone ship Of Course I Still Love You (OCISLY) but still technically qualifies as the last new booster launched by SpaceX prior to CRS-19.
A few days shy of six months later, CRS-19’s brand new Falcon 9 booster (and an expendable upper stage) rolled out to SpaceX’s LC-40 launch pad, confirming suspicions that the mission would use a new booster instead of twice-flown B1056.
After the booster successfully launched CRS-17 and CRS-18 in May and July 2019, both SpaceX and NASA indicated that B1056 was the most likely candidate to launch CRS-19. Plans clearly changed, although SpaceX indicated in a prelaunch conference that the booster manifest swap was purely a scheduling move and didn’t indicate any technical issues or dissatisfaction from NASA.
In the history of SpaceX booster reuse, NASA has thus far only been comfortable flying on flight-proven boosters that had previously flown NASA missions only, meaning that it will likely be at least 12-18 months before the space agency has another twice-flown Falcon 9 booster ready for a NASA mission. Regardless, the space agency has been undeniably willing to support the technology far sooner than most would have expected, given its history of extreme conservatism over the two or so decades.
Regardless, after a brief wind-related 24-hour delay, Falcon 9 B1059 lifted off for the first time on December 5th, performing perfectly and ultimately landing on drone ship Of Course I Still Love You (OCISLY) to leave the upper stage with enough fuel to perform experiments after deploying Cargo Dragon. The mission’s drone ship landing – unusual for Cargo Dragon launches – raised suspicions in the spaceflight community and SpaceX ultimately confirmed the above information, indicating that CRS-19’s upper stage would perform orbital coast tests (likely for the USAF).
As it turns out Falcon 9 B1059’s flawless landing aboard OCISLY also made it the 20th booster SpaceX has successfully recovered. All told, SpaceX has flown a total of 46 separate missions with flight-proven Falcon 9 and Falcon Heavy boosters, all of which have occurred since the technology’s March 2017 debut.
After reaching orbit for the third time ever, Cargo Dragon capsule C106 and a fresh trunk began the journey to the International Space Station (ISS) with around 2600 kg (5800 lb) of science experiments, consumables, and other cargo aboard. The spacecraft successful rendezvoused with the ISS on December 8th and was captured and berthed by the station’s massive robotic arm (Canadarm2) shortly thereafter. All told, SpaceX has now delivered roughly 41 metric tons (90,000 lb) of cargo for NASA over its 19 successful missions to the ISS.
Meanwhile, with its first launch and landing – and a relatively gentle one, at that – under its belt, Falcon 9 B1059 should theoretically be a prime candidate for rapid turnaround, although there’s a good chance that SpaceX will hold the booster to support CRS-20, Cargo Dragon 1’s last planned launch. That mission is expected no earlier than March 2020.
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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’
