News
(Updated) SpaceX’s next launch is a first step to rival Comcast and Time Warner
Updated February 21: Due to strong upper-level winds, SpaceX has postponed the launch to the same time on Thursday, 6:17 a.m. PST, 9:17 EST. CEO Elon Musk took to Twitter to address the delay, “High altitude wind shear data shows a probable 2% load exceedance. Small, but better to be paranoid.”
Update: SpaceX has delayed the launch of PAZ and its Starlink prototype satellites from Sunday, February 18 to Wednesday the 21st in order to complete additional tests and checks of an upgraded payload fairing. Wednesday’s new instantaneous launch window remains unchanged – 6:17 a.m. PST, 9:17 EST.
Standing down today due to strong upper level winds. Now targeting launch of PAZ for February 22 at 6:17 a.m. PST from Vandenberg Air Force Base.
— SpaceX (@SpaceX) February 21, 2018
Not long after SpaceX’s recent, flawless Falcon Heavy debut, the company has completed a successful static fire of a flight-proven Falcon 9 on the West coast. SpaceX is preparing to send the Spanish government’s PAZ imaging satellite skyward aboard the same rocket that launched Formosat-5 for the Taiwanese government in August 2017.
Amazingly, this means that three of the four launches conducted by SpaceX in the last two months will have made use of reused Falcon 9 boosters, something I am choosing to take as foreshadowing for the coming months. By all appearances, the rocket company has been eminently successful in enacting a true industrial phase change towards the acceptance of flight-proven rocketry – a hard-earned achievement made possible by a combination of incredible reliability and unexpectedly positive responses from government agencies like NASA and the USAF.
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- SpaceX is readying one of three flightworthy reused boosters for its final flight, NET June 4. (SpaceX)
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- GovSat-1’s sooty booster from late January 2018. (Tom Cross)
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- Falcon Heavy’s incredible debut also featured two flight-proven boosters – the side cores were converted from reused Falcon 9s. (Bill Carton)
A relatively light payload, PAZ weighs in just shy of 1400 kg. However, despite a lack of confirmation, it is known that riding along with the imaging satellite are two highly significant prototype satellites, built by SpaceX itself. Deemed Microsat 2A and 2B in FCC licensing applications, the small 400 kg satellites will act as SpaceX’s first-ever flight test of integrated satellite hardware – a massive step towards realizing the company’s dream of Starlink, a global internet constellation meant to provide service of the same caliber (or better…) as providers like Comcast, Time Warner, and others. This will be a major moment if successful, and will make SpaceX the first US company to successfully launch its first prototype internet satellites intended for low Earth orbit (200-1000 miles above Earth), a factor that would make them far more viable as a competitive alternative to ground-based internet than the current heavyweights in geostationary orbit (30,000+ miles above Earth).
Those distances are crucial: such a long distance between user and terminal (60,000+ miles round trip) results in what the average person would consider “lag” or simply unresponsive internet, where actions take as long as several seconds to register (such as clicking a link). This makes things like gaming, video chat, and more effectively unusable. However, thanks to the miniaturization enabled by the relentless progress of electronics technologies, tiny satellites (100-500 kg) with electric propulsion are rapidly becoming a viable alternative and threat to the massive (4000-8000 kg) communications satellites placed into geostationary orbit. Through mass production and lower costs to orbit, a giant network of magnitudes smaller satellites can realistically beat those giant satellites by being closer to the Earth. This means that more satellites in a given network will more frequently reenter the Earth’s atmosphere and be destroyed, requiring the constant launch of reinforcements, but this new paradigm is actually a viable strategy.
A beautiful string of Iridium NEXT satellites deployed into the sunrise. (SpaceX)
SpaceX’s own Microsats, prototypes for a constellation likely to be named Starlink, are quite possibly the most promising entrants among a sea of interested constellation operators. With the addition of laser-based communications links between each or most of the Starlink satellites planned to be placed in orbit, SpaceX’s constellation will be truly unique in its extreme flexibility as a giant, global mesh network.
By using lasers, latency (lag) will be far less significant and will enable SpaceX to distribute its network’s availability beyond the capability of any individual satellite, known as a decentralized network. As always, SpaceX’s choice to pursue such a configuration is extraordinarily ambitious. Still, the very fact that Microsat 2A and 2B are scheduled for launch just days from now suggests that the company’s near-silent satellite development program, employing several hundred people all over the West coast, has seen some considerable successes. In other words, it’s likely not a coincidence that the first flight test of a Starlink satellite will actually feature two satellites – one cannot test laser interlinks with just one satellite.
All things considered, fingers crossed for SpaceX on this flight-proven commercial mission. If all goes well with both PAZ and the Starlink prototypes, SpaceX will be one huge step closer to being able to provide truly universal, affordable, and high-quality internet.
Stay with us on Twitter and Instagram as Teslarati’s West Coast photojournalist, Pauline Acalin, will bring us on the ground coverage at California’s Vandenberg Air Force Base ahead of, and on the day of, the PAZ mission.
Follow along live as we cover these exciting proceedings live on social media!
Teslarati – Instagram – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
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’
