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SpaceX Falcon 9 rocket nails first operational NASA astronaut launch [updated]
Update: SpaceX has successfully resolved a handful of minor thermal control issues facing the brand new Crew Dragon capsule currently ferrying four astronauts in low Earth orbit (LEO).
As previously noted, shortly after the spacecraft reached orbit, two redundant thermal control system pumps registered pressure spikes, pushing Crew Dragon to use the backup pump. SpaceX was able to resolve that issue, effectively restarting the pumps and confirming healthy operation. Several hours later, the backup pump (“Loop B”) suffered another minor issue but was again returned to healthy operations. Simultaneously, Crew-1 astronauts found themselves stuck at an (admittedly comfortable) cabin temperature of 23C (~73F).
More pressingly, three of four heaters used to warm the propellant fed to Crew Dragon’s small Draco maneuvering and attitude control thrusters were automatically disabled a few hours after liftoff. Essential for most operations in orbit and necessary for Dragon to be allowed to remain docked with the ISS, restoring the functionality of at least one of the three heaters was essential, and SpaceX was thankfully able to restore function to all three by relaxing excessively conservative limits in the spacecraft’s flight software. Thanks to SpaceX’s fast work, Dragon is now in perfect health and ready for two crucial Draco burns at 11:20 am and 12 pm EST (UTC-5) on Monday, November 16th and is still scheduled to arrive at the ISS around 11 pm EST.
Right on schedule, a SpaceX Falcon 9 rocket has successfully lifted off on the company’s operational NASA astronaut launch debut, sending four crew members on their way to the International Space Station (ISS) in a historic moment for commercial spaceflight.
Days prior, NASA and SpaceX completed a multi-day “flight readiness review (FRR),” the results of which made SpaceX the first private company in human history to be qualified by a national space agency for routine astronaut launches. As is now more or less routine, the SpaceX Falcon 9 rocket assigned to NASA’s Crew-1 mission performed flawlessly over the 12 minutes it was involved in the launch, including nominal booster and upper stage performance, a successful booster landing at sea, and a smooth Dragon deployment from Falcon 9’s expendable second stage.
In a small point of concern, Crew Dragon capsule C207 (colloquially named Dragon Resilience by its crew) appeared to suffer a minor hardware or software fault shortly after orbital insertion, offering the first public glimpse behind the scenes as ground teams coordinated with Dragon’s orbiting astronaut crew to diagnose and fix the issue.
According to information revealed by SpaceX and NASA officials as they interacted with Crew-1 NASA astronauts Mike Hopkins, Victor Glover, Shannon Walker, and Japanese (JAXA) astronaut Soichi Noguchi, Crew Dragon’s fault detection software was tripped sometime after reaching orbit. Both thermal control system (TCS) “loop” pumps – likely referring to pumps used to circulate a liquid-based radiator system to maintain capsule temperature – experienced off-nominal pressure spikes, causing the spacecraft computer to switch to the second pump (“Loop B”).
As SpaceX’s main earth-to-ground communications team member (CapCom) noted, the TCS pump issue was far from critical given that both pumps appeared to be healthy – and one of those two redundant pumps functioning healthily – moments after Dragon alerted its passengers to the issue. Deemed to be not a showstopper, SpaceX continued the mission and permitted Crew Dragon to begin its first orbit-raising thruster burn – the first of a fairly complex series of ‘phasing’ burns needed to safely rendezvous with the International Space Station (ISS).
Unfortunately, due to a 24-hour weather delay from November 14th to November 15th, the complexities of orbital rendezvous mean that Crew Dragon’s Crew-1 mission to the ISS will involve a roughly day-long cruise phase. Had SpaceX been able to launch on the 14th, the cruise phase would have been just 8.5 hours long – perhaps the fastest crewed US space station rendezvous ever. Crew-1 will thus align quite closely with SpaceX’s Demo-2 astronaut launch debut, although likely not interspersed with manual astronaut piloting tests this time around.
On top of Crew Dragon’s thus far successful performance, Falcon 9 also completed a task critical for future Crew Dragon launches when new booster B1061 safely landed aboard SpaceX drone ship Of Course I Still Love You (OCISLY). While normally a distinctly secondary objective, booster recovery was all but essential for SpaceX and NASA during the Crew-1 launch after NASA’s recent reveal that B1061 has been assigned to launch Crew-2 as early as March 31st, 2021. In the likely event that the Falcon 9 booster is in good condition and NASA signs off after shadowing SpaceX’s refurbishment process, SpaceX will also become the first private company in history to launch astronauts into orbit on a flight-proven rocket booster. Additionally, thanks to plans to reuse Crew Dragon capsule C206 of Demo-2 fame, Crew-2 will also mark the first time in history that US astronauts launch into orbit in a reused space capsule.
If the Crew-1 cruise phases goes according to plan, Crew Dragon will autonomously ferry Hopkins, Glover, Walker, and Noguchi from a ~200 km (~125 mi) parking orbit to the International Space Station (ISS) between now and Monday, November 16th, nominally docking with the space station around 11 pm EST (04:00 UTC 17 Nov). From liftoff to reentry, Crew-1 is expected to be the longest continuous spaceflight of a US spacecraft in American history, spending approximately six months in orbit. For JAXA astronaut Soichi Noguchi, his Crew-1 launch also made him the third astronaut in human history to fly to orbit on three separate vehicles.
Ultimately, for SpaceX, the company has never been closer to achieving its foundational goal of enabling the affordable expansion of humanity into space than it is after today’s successful Crew-1 launch.
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’
