News
SpaceX preparing for an inaugural Falcon Heavy launch in November
All three Falcon Heavy cores are believed to be at Cape Canaveral
As we inch closer to SpaceX returning to a regular launch schedule, evidence is adding up that Falcon Heavy is fast approaching launch readiness.
Over at SpaceX’s Cape Canaveral facilities, workers are busily modifying LC-39A and are deep into the reconstruction and reactivation of LC-40, which was severely damaged just over 11 months ago. Members of the SpaceX fan community have taken regular tours of the Kennedy Space Center and offered glimpses into part of the process as workers relentlessly dismantle previous LC-39A pad structures.
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- During a month without launches, SpaceX has made considerable progress dismantling parts of LC-39A. The main focus right now is the RSS, which is the skeletal structure on the left. (Brian Bundridge/Facebook)
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- One of Falcon Heavy’s side boosters seen arriving at LC-39A about a month ago. (Reddit /u/MajorRocketScience)
Before SpaceX, the pad hosted the first manned launches of the vast Saturn V rocket and hosted the launch of Apollo 11, which landed the first humans on the Moon in 1969. Decades later, that same pad was recycled for the Space Shuttle and supported dozens of Shuttle launches. SpaceX is deep into the process of dismantling the old pad structures used for the Shuttle, and Elon Musk has recently reported that the Rolling Service Structure (RSS) is expected to be entirely removed before the first launch of Falcon Heavy. While bittersweet for many observers, LC-39A will eventually host both the return of massive rockets to the U.S., as well as the first American-supported launch of crew to the ISS in more than six years.
With this progress, we find ourselves in the pleasantly foreign situation of SpaceX beating one of Musk’s aggressive schedules. In early June, he tweeted about Falcon Heavy cores arriving at the Cape within two or three months. Surprisingly, it has been confirmed that three of three Falcon Heavy cores are already at LC-39A and have been for at least a week or two. At the moment, pad readiness is the main constraint for its inaugural launch. SpaceX is preparing for a period of pad gymnastics as they ready LC-40 to take over for LC-39A. Once this happens, all Falcon 9 launches will be transferred over to LC-40, and this will allow SpaceX workers to conduct necessary modifications to LC-39A’s launch hardware in preparation for Falcon Heavy. These modifications are expected to take about two months.
All Falcon Heavy cores should be at the Cape in two to three months, so launch should happen a month after that
— Elon Musk (@elonmusk) June 8, 2017
Current best guesses peg the first launch from LC-40 in late August or sometime in September, fitting nicely with Musk’s Falcon Heavy launch estimate of November. Falcon Heavy will nevertheless likely require several weeks of fit checks, wet dress rehearsals (like a static fire but without the ignition), and one or several static fires before its first official launch attempt. While Musk has recently been on a warpath of expectation management for Falcon Heavy, going so far as to imply that a failure was a likely outcome, let there be no doubt that SpaceX and Musk will privately do everything realistically possible to ensure a safe launch. If major issues are discovered during pre-launch testing, SpaceX will almost certainly scrub the launch indefinitely.
However, if Falcon Heavy does indeed lift off above a more controlled fireball later this year, fans can look forward to what will be a stunning show of force. Musk once again confirmed that both side cores will land at LZ-1, SpaceX’s land-based landing facilities, and the center core will land on Of Course I Still Live You somewhere in the Pacific. While not guaranteed, Musk’s myriad comments on the spectacular nature of the launch mean that SpaceX’s live coverage will offer some truly incredibly views. Fans have long eagerly anticipated the synchronized landings of the side cores, as well as possible live shots of booster separation during the launch.
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- NASASpaceflight’s famed graphic designer okan170 has produced multiple gorgeous renders of Falcon Heavy over the years. (NASASpaceflight)
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- NASASpaceflight’s famed graphic designer okan170 has produced multiple gorgeous renders of Falcon Heavy over the years. (NASASpaceflight)
At the ISSR&D Conference, Musk reiterated the fact that SpaceX’s primary focus is preparation for Commercial Crew. LC-39A is needed for SpaceX’s crewed launches, so it is highly unlikely that the company will risk a Falcon Heavy launch if there is anything more than the slimmest of chances of the pad being lost in a launch failure. Regardless of the outcome, as Musk himself has often said, Falcon Heavy’s inaugural launch is guaranteed to be a spectacle.
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’
