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SpaceX Falcon Heavy payload arrives in Florida for the first time in years
For the first time in almost three years, a spacecraft meant to launch on SpaceX’s Falcon Heavy rocket has arrived in Cape Canaveral, Florida and begun to prepare for flight.
Known as Psyche, the scientific mission is designed to venture hundreds of millions of miles from Earth to explore a namesake asteroid that’s believed to be almost entirely metallic. Psyche will also mark NASA’s first operational use of Falcon Heavy, which offers performance far superior to other existing and soon-to-be-retired rockets and at a fraction of their cost.
However, even though Psyche is now the first payload (officially confirmed) to have arrived in Florida for a Falcon Heavy launch since May or June 2019, that doesn’t guarantee that it will be first to launch.
That uncertainty is the result of multiple chronically delayed US military payloads that were both supposed to launch on different Falcon Heavy rockets as early as late 2020. In June 2018, just four months after Falcon Heavy’s iconic launch debut, the US military purchased its first operational launch on the rocket. Known as AFSPC-52 and later renamed USSF-52 after the US government cobbled together a few loosely-related military groups and rebadged them as the “Space Force,” the mission was expected to launch as early as September 2020. In February 2019, the military announced that another Falcon Heavy rocket had been chosen to launch AFSPC-44 (USSF-44) as early as late 2020 or early 2021.
About a year ago, for unknown reasons, USSF-44 took USSF-52’s place as the US military’s first operational Falcon Heavy launch. Now, between three and four years after their initial launch targets, USSF-44 is scheduled to launch NET late June 2022 (a delay of ~18 months) and USSF-52 is set to follow as soon as October 2022 (a delay of ~25 months).
On April 29th, NASA’s Launch Service Program (LSP) revealed that the ~2600-kilogram (~5700 lb) Psyche spacecraft had completed the journey from the Jet Propulsion Laboratory’s (JPL) Pasadena, California assembly facilities to Kennedy Space Center, Florida. After several years of work spent designing, manufacturing, and assembling Psyche, the spacecraft ultimately arrived at on time, leaving it on track to launch on Falcon Heavy as early as August 1st, 2022.
At the moment, that makes Psyche’s launch far more likely to happen before USSF-44, which has repeatedly gotten within a few months of a purported launch target before the US military acknowledged additional delays. Like USSF-44, Psyche’s Falcon Heavy rocket – three boosters, an upper stage, and a fairing – will be entirely new. Due to the high performance required for each mission and the fact that both will be the first operational use of the rocket for NASA and the USSF, each brand-new Falcon Heavy center core will be intentionally expended.
If it launches more or less on time, USSF-44 will be SpaceX and Falcon Heavy’s first direct launch to geostationary orbit (GEO), requiring the rocket’s upper stage to survive a roughly six-hour-long coast and perform a lengthy orbit circularization burn around ~42,500 kilometers (~26,400 mi) above Earth’s surface. With a payload that weighs around four tons (~8800 lb), it’s little surprise that Falcon Heavy’s center core will be expended. Psyche, on the other hand, is headed into deep space on a trajectory that NASA’s own ELVPerf calculator – supplied with official performance data from SpaceX – says Falcon Heavy can launch more than four tons (~8800 lb) to while still recovering all three boosters. It’s unclear why NASA would need a 50-70% safety margin.
Regardless, the second half of 2022 could be quite the spectacle of Falcon Heavy launches after a more than three-year hiatus. On top of USSF-44, Psyche, and USSF-52, Falcon Heavy is tentatively scheduled to launch a ViaSat-3 communications satellite directly to GEO in Q3 2022 and, even more tentatively, the Space Force’s USSF-67 mission in November 2022.
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’
