News
SpaceX set for second weekend launch, new titanium grid fins to be tested
After a highly successful Friday launch and recovery of a reused Falcon 9, a second vehicle is preparing to launch on the opposite coast of the United States. Scheduled to lift off at precisely 1:25 p.m. PST, this mission will see a brand new Falcon 9 lift Iridium’s second set of ten NEXT satellites, after which the first stage will attempt to land in the Pacific Ocean aboard Just Read The Instructions, SpaceX’s West Coast drone ship.
If the schedule holds, the 46 hours separation between launches will make SpaceX one of very few entities to have launched the same vehicle in such close succession. While Russia/USSR and the Republic of China have tended to routinely launch missions with as few as a handful of hours in between, it is extremely rare in the United States, and such an accomplishment will likely make SpaceX the second private company to ever conduct two launches in under 48 hours.
This turnaround, which COO Gwynne Shotwell clarified could safely be as few as 24 hours, bodes extremely well for SpaceX’s and Musk’s goal of being able to launch every 24 hours. With the COO of the company already under the impression that 24 hours would be safely and reliably achievable, all that lies in the way of 24 hour cadence is pad availability. With current cadence suggesting that at least two weeks of down time is needed after a launch to verify pad health, the late-fall reactivation of Launch Complex 40 and eventual activation of SpaceX’s planned Boca Chica, Texas launch facility will give SpaceX three general-purpose pads and one limited use-case pad (Vandenberg Air Force Base) to launch from by late 2018 or early 2019. Three general purpose pads would allow SpaceX to launch every four or five days, assuming no improvements in pad resilience and autonomy, and this weekend’s back to back launches will demonstrate that SpaceX is easily capable of fully taking advantage of those three (or four) pads once they are all active.
Falcon 9’s fancy new titanium grid fins. (SpaceX/Instagram)
As for the launch today, it will debut some intriguing new hardware intended to improve the ease of reusability for the first stage. Musk offered a tweet storm last night and SpaceX one or two photos to explain the utility of the vehicles distinctive and unusual black grid fins. Ready to launch in just over an hour from Vandenberg Air Force Base, Falcon 9 and its new grid fins will place the next ten iridium NEXT satellites in Low Earth Orbit. The first stage will then proceed to the autonomous spaceport drone ship Just Read The Instructions, while testing its rather fancy titanium grid fins. Considerably larger than their aluminum predecessors, this new iteration of grid fins will is intended to both provide more control authority and glide capability in anticipation of the Falcon Heavy, while also offering improve resilience to the extreme heat and forces grid fins must necessarily cope with during reentry. You may have noted grid fins appearing to glow red and orange with the heat of reentry in past live coverage, and recovered stages demonstrate just how harsh high temperatures can be to aluminum. Titanium is famously resistant to heat and will thus optimally be able to be reused with no refurbishment or replacement whatsoever.
With the launch just over an hour out and no current known issues, you can watch SpaceX’s regularly amazing live coverage of the launch at spacex.com/webcast.
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 has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
