NASA has certified SpaceX’s Falcon 9 (likely F9 v1.2) to launch the space agency’s most valuable and critical scientific spacecraft, opening up the floor for SpaceX to routinely compete for missions comparable to Hubble Space Telescope, the Curiosity Mars rover (Mars Science Laboratory), Cassini (a Saturn orbiter), and James Webb Space Telescope, among many others.
As SpaceX nears the Falcon family’s 35th consecutive launch success, this certification serves as a pragmatic endorsement of the years of work the company has put into optimizing Falcon 9 for performance and reliability.
SpaceX announces that NASA’s Launch Services Program has given Category 3 certification to the Falcon 9, making it eligible for “NASA’s highest cost and most complex scientific missions,” according to its statement.
— Jeff Foust (@jeff_foust) November 8, 2018
Although Falcon 9 is capable of extremely impressive performance beyond Earth orbit, that performance only becomes truly competitive with ULA’s Atlas V rocket when Falcon 9 is launched as a fully expendable vehicle. Regardless, both Falcon 9 and Falcon Heavy are all but guaranteed to cost far less than a comparably capable Atlas V, even assuming no recovery attempt is made. Given the rarity of such valuable NASA launches, typically no more than two annually at best, SpaceX would undoubtedly be more than happy to expend as much hardware as necessary to give NASA a competitive offer for the performance it needs.
“LSP Category 3 certification is a major achievement for the Falcon 9 team and represents another key milestone in our close partnership with NASA. We are honored to have the opportunity to provide cost-effective and reliable launch services to the country’s most critical scientific payloads.” – Gwynne Shotwell, COO and President of SpaceX
Still, the fact remains that most – if not all – of NASA’s high-value “Class A or B” missions end up being extremely heavy spacecraft, either as a result of large and expensive scientific instruments, a need for lots of extra onboard propellant, or some combination of the two. Saturnian orbiter Cassini, launched in 1997, weighed a full ~5700 kg (~12,600 lbs) and had to make its way from Earth to Saturn, a journey of many hundreds of millions of miles. Hubble, placed in a medium Earth orbit, weighed 11,100 kg (24,500 lbs) at liftoff. The Curiosity rover – including cruise stage, reentry hardware, and rocket crane – weighed ~3900 kg (~8600 lbs) at launch.
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- NASA LSP’s launch vehicle classification.
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- The corresponding spacecraft classifications, ranging from low-value to high-value.
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- Falcon Heavy’s first static fire, Feb. 2018. (SpaceX)
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- SpaceX and NASA’s most recent science spacecraft launch, TESS. (SpaceX)
Paving the way for Falcon Heavy
Falcon 9 routinely launches payloads as heavy as that but only to comparatively low-energy orbits around Earth – to launch the same massive payloads beyond Earth orbit requires far more energy and thus rocket performance. Perhaps the most encouraging part of this NASA certification is the demonstration that NASA’s trust in SpaceX rockets has grown to the point that Falcon Heavy certification is likely just a matter of time. In order to qualify for “LSP Category 3” certification, any given rocket must launch anywhere from 3-6 times depending on what the certification board feels is necessary.
SpaceX has at least two Falcon Heavy launches scheduled for 2019. Combined with the rocket’s nearly flawless February 2018 launch debut, those two launches – commsat Arabsat 6A and the Air Force’s STP-2 mission – could satisfy NASA LSP and allow the agency to certify Falcon Heavy for flagship science missions. If/when that occurs, SpaceX will be able to offer NASA all the performance they will conceivably need for the foreseeable future, ensuring that NASA will be able to compete most future launch contracts. At worst, a ULA victory would force the company to significantly lower their prices.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
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’
