News
SpaceX delivers largest commercial satellite in kick off of Falcon 9 marathon
SpaceX has successfully completed its 13th launch of 2018, kicking off a marathon of three new Falcon 9 Block 5 booster debuts with the launch of the Telstar 19V communications satellite, potentially breaking the record for the largest commercial satellite ever launched at 7000 kg (15,500 lb).
Despite the heft of its payload and partially thanks to a slightly lower parking orbit for the satellite, Falcon 9 booster B1047 – the second Block 5 booster to roll off the assembly line – managed to successfully land aboard the autonomous spaceport drone ship (ASDS) Of Course I Still Love You (OCISLY), stationed approximately 650 km (400 mi) off the Florida coast at launch time.
While the booster was unable to maintain a live video feed through its high-speed reentry and Atlantic landing, SpaceX’s cameras on OCISLY managed to reconnect a few seconds after touchdown to show the 50-meter (160-foot) tall rocket safely resting on the drone ship. As the webcast host noted, Falcon 9 Block 5 features a number of prominent upgrades designed to enable levels of reusability and reliability essentially unprecedented in the world of orbital rocketry.
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- B1047 created an extraordinary ring vortex rainbow as it smashed through Max Q, the point of highest aerodynamic stress on the rocket. (Tom Cross)
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- B1047 before the launch of Telstar 19V. (Tom Cross)
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- B1047 before the launch of Telstar 19V. (Tom Cross)
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- B1047 before the launch of Telstar 19V. (Tom Cross)
Rocket trials
Now more than two months after the first Block 5 booster’s – B1046 – debut in May 2018, the software engineer hosting SpaceX’s Telstar 19V webcast was likely speaking more from a place of experience than of hope. Per CEO Elon Musk’s press call just prior to Block 5’s debut, he noted that SpaceX intended to conduct an extensive analysis of that pathfinder booster, including significant disassembly and perhaps some limited destructive testing of certain critical or high-risk components. Musk didn’t expect B1046 to fly for at least another “couple of months”.
This is critical because SpaceX’s manifest over the next several weeks is fairly aggressive – Iridium-7 is scheduled to lift off from Vandenberg, CA three days from today (July 25th), the next Florida launch is aiming for a static fire next weekend and a launch NET 1:19 am EDT August 2, and the second imminent Florida mission is penciled in for launch NET 11:35 pm EDT August 17. Those rapid-fire Florida launches will push both SpaceX’s pad and drone ship turnaround capabilities to their limits, requiring almost non-stop work to ensure both are available for the next mission in two weeks or less.
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- SpaceX’s West Coast landing zone is preparing for its debut, currently NET October 6th 2018. (Pauline Acalin/Teslarati)
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- Falcon 9 B1047 prepped for launch at Pad 40, July 21. (SpaceX)
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- Prior to liftoff, Falcon 9 and Falcon Heavy are held down by massive “hold-down clamps” at the rocket’s base. Even after engine ignition, those clamps only release once the flight computer decides that the rocket is healthy. (Pauline Acalin)
Not to be (at least relatively) one-upped, SpaceX’s Vandenberg launch pad – known as SLC-4E – is scheduled to push its own turnaround limits by flying two missions in roughly 40 days, just shy of the current SpaceX record of 36 days between launches. Perhaps more excitingly, that September 4 SAOCOM 1A mission looks like a prime candidate for the debut of SpaceX’s yet-unused Californian landing zone, barely spitting distance from the SLC-4E launch pad.
Still, the question remains: what boosters are going to launch these four missions?
- B1051 is not believed to have left the Hawthorne, CA factory yet, and has been stated by NASA to be reserved for the first uncrewed Crew Dragon mission (DM-1), unlikely to occur before Q4 2018.
- B1050 is currently on-stand in McGregor, TX and is likely to be shipped to a launch pad within a week or two.
- B1049 was almost certainly shipped to Florida to support either of the two upcoming August launches.
- B1048 will launch Iridium-7 on July 25, land on Just Read The Instructions, and likely remain in California for future VAFB missions.
- B1047 just successfully launched Telstar 19V (July 22) and will be brought back to Port Canaveral over the next several days before heading to one of SpaceX’s Florida refurbishment facilities, presumably to prepare for an imminent future launch.
- B1046 is likely disassembled in Hawthorne, CA, unable to support a launch for another few weeks – perhaps it’s nearly ready, however
Three Falcon 9 boosters captured in various states of transport and testing over the last six weeks, two of which are B1047 and B1048. (Teslarati/Tesla Motors Club/Reddit/Facebook)
Put simply, it seems almost impossible for SpaceX to accomplish its ambitious manifest over the next 4-6 weeks without reusing a freshly-recovered Falcon 9 Block 5 booster. B1046 is a possibility, as is B1047 or B1048, although the latter two options would smash SpaceX’s previous record for Falcon booster turnaround (~70 days) by more than half, requiring in a return to shore, refurbishment or nondestructive analysis, and preparation for a static fire in as few as ~14-21 days.
Regardless, B1047’s successful Telstar 19V launch and landing have kicked off what is bound to be an extremely exciting period for SpaceX and its aspirations of highly-reusable rocketry.
Follow us for live updates, peeks behind the scenes, and photos from Teslarati’s East and West Coast photographers
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Tom Cross – Twitter
Pauline Acalin – Twitter
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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’
