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SpaceX’s first Jupiter launch a step closer as NASA begins assembling ‘Europa Clipper’
NASA says that the assembly of Europa Clipper has begun at NASA’s Jet Propulsion Laboratory (JPL), in Southern California.
Europa Clipper is an interplanetary spacecraft developed by NASA to observe Europa, a large moon of Jupiter, over the course of a series of flybys while orbiting the gas giant. The Clipper’s primary goal is to determine whether Europa hosts conditions suitable for life in an immense liquid water ocean that lies under its icy surface. NASA has selected SpaceX to launch the ~$4.25 billion spacecraft to Jupiter in 2024 on its Falcon Heavy rocket – a contract SpaceX effectively beat out NASA’s own Space Launch System (SLS) rocket to win.
The engineering components and science instruments that make up the spacecraft’s flight hardware began development in 2016 and are expected to be completed by the end of 2022. These components come from across the United States and Europe and will be assembled at JPL. The main body of the spacecraft is a 10-foot-tall (3-meter-tall) cylindrical propulsion module. Fitted with electronics, radios, cables, and the spacecraft’s propulsion systems, it will ship to JPL this spring. Europa Clipper’s 10-foot-wide (3-meter-wide) high-gain antenna is expected to follow not long after.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
The first instrument to arrive at JPL was the Europa-UVS, an ultraviolet spectrograph that was assembled in San Antonio, Texas. Europa-UVS will search above the surface of Europa for signs of plumes. The instrument collects ultraviolet light, then separates the wavelengths of that light to help determine the composition of the moon’s surface and gases in the atmosphere.
As components of the spacecraft arrive, they will be integrated together and re-tested. Engineers need to be sure the instruments can communicate with the flight computer, spacecraft software, and power subsystems.
“Once all the components have been integrated to form the large flight system, Europa Clipper will move to JPL’s enormous thermal vacuum chamber for testing that simulates the harsh environment of deep space. There also will be intense vibration testing to ensure Europa Clipper can withstand the jostling of launch. Then it’s off to Cape Canaveral, Florida, for an October 2024 launch.”
NASA – March 3rd, 2022
According to NASA, “when it’s fully assembled, Europa Clipper will be as large as an SUV [and have] solar arrays long enough to span a basketball court – all the better to help power the spacecraft during its journey to Jupiter’s icy moon Europa.”
Previous imagery has already provided scientists with certainty that Europa’s surface is made up of mostly water ice. Additionally, other data about the moon’s physical characteristics have engendered great confidence that beneath or within some of that 15-mile-thick ice lies pockets of liquid water that could go thousands of years between re-freezing events. Those water pockets could potentially be habitable and even contain microbial life that Europa Clipper could detect.
Some scientists like Monica Grady, Chancellor at Liverpool Hope University, believe it is almost certain that Europa is harboring life. “When it comes to the prospects of life beyond Earth, it’s almost a racing certainty that there’s life beneath the ice on Europa,” stated Grady in 2020.
NASA says that “Europa Clipper will orbit Jupiter and conduct multiple close flybys of Europa to gather data on the moon’s atmosphere, surface, and interior. Its sophisticated payload will investigate everything from the depth and salinity of the ocean to the thickness of the ice crust to the characteristics of potential plumes that may be venting subsurface water into space.”
Europa Clipper will be carried into space aboard a SpaceX Falcon Heavy rocket, the most powerful operational rocket today. The ~$178 million launch contract was announced on July 23rd, 2021. Following a tentative Q4 2024 launch into heliocentric (sun-orbiting) space, Europa Clipper will spend around three years in deep space, performing gravity-assist maneuvers at Earth and Mars to eventually boost itself to Jupiter for a 2028 arrival.
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’
