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SpaceX rocket boosters line up in port for the first time after back-to-back launches
For the first time ever, two SpaceX Falcon 9 boosters – fresh off of two successful Starlink launches and landings – have met back at Port Canaveral, creating the first rocket ‘traffic jam’ of its kind.
On March 11th, Falcon 9 booster B1058 stuck its sixth launch and landing after supporting SpaceX’s sixth dedicated Starlink launch (Starlink-20) this year. 74 hours later, a separate Falcon 9 rocket lifted off from SpaceX’s second East Coast launch pad, successfully sending another batch of 60 Starlink satellites (Starlink-21) on their way to orbit. For its role in the mission, booster B1051 became the first Falcon first stage to launch and land nine times – just one shy of a ten-flight rocket reusability goal SpaceX has been chasing for years.
Now, aside from setting the new standard for Falcon reusability, placing 120 satellites into orbit in three days, and breaking SpaceX’s record for the shortest turnaround between two East Coast launches, the back-to-back Starlink launches have left both Falcon 9 boosters in the right place and right time to cross paths as they prepare for future flights.
As SpaceX began to ramp up its orbital launch cadence – largely thanks to Starlink – throughout 2020, it become clear that the company would eventually start to find new pressure points as it pushed its fleet of reusable rockets and their recovery assets to new limits. In 2021, that intentional exertion of stress across the broader SpaceX launch ‘pipeline’ has become even clearer.
A mere 10 weeks into 2021, SpaceX has already completed eight orbital launches, averaging one mission every nine days or 40 launches per year if extrapolated through the end of 2021. Just two days prior to Falcon 9 booster B1058’s arrival back at Port Canaveral after its successful Starlink-20 launch, Falcon 9 booster B1049 – last tasked with launching Starlink-17 on March 4th – wrapped up its port processing and was transported by road back to Cape Canaveral Air Force Station (CCAFS) or Kennedy Space Center (KSC) to prepare for its ninth flight.
At that point, it became clear it was just a matter of time before two boosters would simultaneously occupy SpaceX’s Port Canaveral berths. Two days later, record-breaking Falcon 9 booster B1051 arrived back in port and was greeted by booster B1058 – legs retracted, standing vertical, and waiting to be ‘broken over’ (brought horizontal) for transport.
It’s hard to imagine a better or (pardon the buzzword) more synergistic pair of boosters to appear in port together. On their separate launch debuts, Falcon 9 B1051 supported Crew Dragon’s spectacularly flawless uncrewed launch debut, while Falcon 9 B1058 became the first private rocket in history to launch US astronauts 14 months later. Known as Demo-1 and Demo-2, those two missions collectively mark arguably the most significant milestone in the history of modern US spaceflight, ending a decade-long period where the US was unable to launch its own astronauts.
Just a week after the rocket’s 2019 Demo-1 launch debut, Falcon 9 B1051 is SpaceX’s new booster fleet ‘life leader’ (the most-flown rocket) after averaging one launch ever 11 weeks for the last two years. Aside from supporting Cargo Dragon 2’s launch debut last December, Falcon 9 B1058 has flown six times, averaging an even more impressive one launch every eight weeks. Together, the two boosters have aced 15 orbital-class launches roughly 190 metric tons of satellites and Dragon spacecraft into orbit in their two-year career, significantly more than the maximum payload of Saturn V – the largest rocket to successfully launch.
Falcon 9 B1051 could reportedly fly for the tenth time as early as April 2021.
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’
