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SpaceX’s new Falcon 9 fairing recovery ship kicks off sea trials ahead of next launch
After a brief installation period, SpaceX’s second Falcon 9 fairing-catching ship departed Port Canaveral to begin sea trials with its new net and arms, a critical step before it can be declared ready to attempt its first fairing recovery.
Known as GO Ms. Chief, the ship’s first opportunity could come as early as a few weeks from now, potentially marking a major milestone for SpaceX’s fairing recovery and reuse program.
On his first shoot for Teslarati, photographer Richard Angle (@RDAnglePhoto) managed to capture Ms. Chief while departing Port Canaveral on October 23rd, heading a few miles off the coast to kick off sea trials likely focused on proving out a wide range of new hardware installed in the last month. Those trials began less than 24 hours after technicians installed Ms. Chief’s recovery net for the first time ever, with the ship’s subsequent trip into the Atlantic Ocean essentially marking the completion of her transformation from fast supply vessel (FSV) to SpaceX fairing catcher.
SpaceX is currently in the midst of its longest lull in launch activity since September 2016, likely triggered by the unavailability of customer payloads and the company’s own internal Starlink missions. Unfortunately, although the lull was initially expected to end as early as mid-October, the internal Starlink launch (Starlink-1) expected to lead the charge slipped about a month for unknown reasons and is now expected no earlier than November – likely in the second half of the month.
As a small consolation, Starlink-1’s launch delays mean that the newly-outfitted Ms. Chief may be able to inaugurate its new net and arms by attempting to recover one of the mission’s Falcon 9 fairing halves, while the nearly identical GO Ms. Tree attempts to snag the other half. Even if more tweaking and sea trials are needed to prove her readiness, SpaceX’s next launch is still likely several weeks away, hopefully giving the company’s recovery team plenty of time to prepare Ms. Chief and practice recovery operations.
As of October 2019, SpaceX has successfully caught two Falcon fairing halves during the company’s last two back-to-back recovery attempts, beginning with a Falcon Heavy fairing half caught on June 25th and ending with a Falcon 9 fairing half caught on August 7th. Beyond Ms. Tree’s two catches, SpaceX has successfully recovered a number of additional fairing halves after they performed soft landings in the Atlantic Ocean, including both halves launched in May 2019 for the company’s first dedicated Starlink mission.
Given that SpaceX has technically caught two halves of a payload fairing, it’s possible that one is female and the other male, potentially meaning that one of SpaceX’s upcoming Starlink launches could feature the first fully-reused Falcon 9 fairing. Regardless, assuming one or both were recovered in good condition, it’s even more likely that at least one half (with the other half new) will be reused on one (or both) of those upcoming flights.
Said by CEO Elon Musk to make up approximately 10% of the cost of a new Falcon 9 (~$6M), routine fairing recovery and reuse would close the last remaining loop for Falcon 9 reusability, with boosters and fairings accounting for roughly 75-80% of the total cost of the rocket. SpaceX has no plans to attempt to recover or reuse Falcon 9’s second stage, choosing instead to prioritize development of the fully-reusable Starship launch vehicle.
Preparing the oven-cured carbon composite shells that make up the bulk of SpaceX’s Falcon fairings takes a disproportionate amount of time and factory floor space. Even if Falcon fairings can only be reused once or twice, it would effectively double or triple the effectiveness of the current manufacturing apparatus, cutting the relative cost of production by 50% or more for the price of operating Ms. Tree and Ms. Chief.
Fairing reuse will be a critical part of ensuring that the first phase of SpaceX’s Starlink constellation can be launched as affordably as possible on Falcon 9. With at least 24 launches needed to cover most populated areas, cutting even a few million dollars per launch could produce savings on the order of $100M, equivalent to the production cost of 100-200 Starlink satellites.
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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’
