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SpaceX's first astronaut-ready spaceship wraps up final factory tests before heading to Florida
Set to become the first commercial spacecraft ever to launch NASA astronauts, SpaceX has revealed that its newest Crew Dragon spaceship is in the midst of its final major factory tests, meaning that it could be just a matter of days before it ships to Florida.
Originally built to support SpaceX’s first operational NASA astronaut launch (PCM-1), an explosion that destroyed capsule C201 forced the company to shuffle its fleet and reassign that spacecraft (capsule C206) to an inaugural crewed test flight known as Demo-2. Thankfully, although C201 did explode during post-recovery static fire testing, the spacecraft had flawlessly completed an uncrewed test flight (Demo-1) the month prior, demonstrating a nominal Falcon 9 launch, space station rendezvous, docking, orbital reentry, and splashdown without a single visible hiccup. In short, Crew Dragon’s Demo-1 launch debut could not have gone better.
Around nine months later, having overcome the biggest hurdles posed by capsule C201’s explosion and unrelated parachute failures, SpaceX successfully launched its second finished Crew Dragon capsule – C205 – on a Falcon 9 rocket. That January 19th In-Flight Abort (IFA) test proved that SpaceX’s first human-rated spacecraft can safely whisk astronauts away from Falcon 9 even if it were to fail at the most stressful point of launch. Now, less than a month later, SpaceX’s third finished Crew Dragon spacecraft is nearly ready to head to Florida to begin preparing for the company’s historic astronaut launch debut.
On February 11th, SpaceX released a video showing a 360-degree view of the Demo-2 Crew Dragon spacecraft (C206) inside its Hawthorne, CA factory’s built-in anechoic chamber – used to perform routine electromagnetic interference (EMI) tests. Meant to verify that Crew Dragon is protected from interference that can be caused by internal and external sources of electromagnetic radiation, EMI testing implies that all of the spacecraft’s systems are installed and operational.
Positive EMI test results should mean that Crew Dragon C206 is (more or less) ready to be transported to SpaceX’s Florida processing facilities.
Comprised of a recoverable, reusable crew capsule and an expendable trunk section, the latter part of the Demo-2 Crew Dragon spacecraft is somewhat conspicuously absent in C206’s EMI test video. This seems to imply that its trunk was either tested independently and shipped to Florida beforehand or still needs to be completed, given that EMI testing is generally more effective when performed with a truly complete vehicle.
Crew Dragon’s Demo-2 trunk did appear to be well on its way to completion more than four months ago, so the former explanation is arguably more plausible.
Ultimately, Crew Dragon C206, its Demo-2 trunk section, and Falcon 9’s booster and upper stage are all expected to be at SpaceX’s Florida processing and launch facilities by the end of the month. According to Ars Technica reporter Eric Berger, NASA and SpaceX are working towards a Crew Dragon astronaut launch debut sometime in late-April to late-May and are maintaining a tentative placeholder date on May 7th, 2020.
Looking at past trends, the Crew Dragon spacecraft assigned to SpaceX’s In-Flight Abort test arrived in Florida around the start of October 2019 and was vertical on Falcon 9 and ready for launch by mid-January 2020 — a delta of about 15 weeks. In the interim, SpaceX had to prepare Crew Dragon capsule C205 for an unusual abort thruster static fire test to verify that the fault that destroyed capsule C201 was solved. That test was completed by mid-November. In other words, all things considered equal, SpaceX could technically be ready to launch its first astronauts as few as 6-9 weeks from now – early to late April – if Crew Dragon C206 ships to Cape Canaveral within a week or two.
At the same time, compared to Crew Dragon’s Demo-1 and IFA test flights, Demo-2 will have many more moving parts and much higher consequences at stake. Still, barring any unforeseen problems, it’s starting to look all but certain that Crew Dragon will perform its inaugural astronaut launch before the first half of 2020 is out.
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Elon Musk
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla rescheduled its final Model S farewell to May 20 after Musk joined Trump in China.
Tesla has rescheduled its Model S and Model X Signature Edition delivery event to Wednesday, May 20, 2026, after abruptly calling off the original May 12 celebration. The event will take place at Tesla’s factory at 45500 Fremont Boulevard in Fremont, California, the same location where the Model S first rolled off the line in 2012. Invitees received a follow-up email asking them to reconfirm attendance and download a new QR code ticket, with Tesla noting that all travel and accommodation expenses remain the buyer’s responsibility.
The reason behind the original cancellation came into focus the same day it was announced. President Trump invited Elon Musk, Apple’s Tim Cook, BlackRock’s Larry Fink, Boeing’s Kelly Ortberg, and executives from Goldman Sachs, Blackstone, Citigroup, and Meta to join his trip to China this week for a summit with President Xi Jinping. The agenda covers trade, artificial intelligence, export controls, Taiwan, and the Iran war, following weeks of escalating friction between Washington and Beijing over AI technology, sanctions, and rare earth exports. Trump wrote on Truth Social, “I am very much looking forward to my trip to China, an amazing Country, with a Leader, President Xi, respected by all.”
Tesla launches 200mph Model S “Gold” Signature in invite-only purchase
The vehicles at the center of all this are the last Model S and Model X units Tesla will ever build. Priced at $159,420 each, the 250 Model S and 100 Model X Signature Edition units come finished in Garnet Red with a one-year no-resale agreement, giving Tesla right of first refusal if the owner decides to sell. As Teslarati reported, the Model S defined Tesla’s early identity as a serious luxury automaker, and the Fremont factory line that built it is now being converted to manufacture Optimus humanoid robots.
Musk’s inclusion in the China delegation drew attention given his very public relationship with Trump, and the invitation signals the two have moved past and past grievances. Trump originally brought Musk on to lead the Department of Government Efficiency following his inauguration, and despite a sharp public dispute in mid-2025, the two have appeared together repeatedly in recent months. A seat on the China trip, the most diplomatically consequential visit of Trump’s current term, puts Musk back at the table on U.S. economic policy at a moment when Tesla’s China revenue remains one of the company’s most important financial pillars.
Tesla has launched a new solution to a rare but relevant Supercharger problem with a new Virtual Waitlist, a remedy that will solve sequencing confusion when there is a line to charge at one of the company’s locations.
Teslarati reported on what we called the Virtual Queue last month. In rare occurrences, there were physical altercations at Superchargers when someone might have cut in line to charge. Tesla started to develop some sort of system that would resolve this issue, and now it is finally rolling it out.
Tesla launches solution to end Supercharger fights once and for all
It will start with a Pilot Program, and Tesla is calling it the ‘Waitlist.’
Announced on May 11 on the official TeslaCharging X account, the pilot program is currently active at sites in Los Gatos, Mountain View, and San Francisco in California, as well as San Jose, CA, and the Bronx, NY (East Gun Hill Road). Drivers are encouraged to share feedback directly through the Tesla app to refine the system before a potential broader rollout.
We’re now testing a new waitlist feature at 5 Supercharger sites. Share feedback through the Tesla app to help us make it better.
– Los Gatos, CA – Los Gatos Boulevard
– Mountain View, CA – El Monte Avenue
– San Francisco, CA – Lombard Street
– San Jose, CA – Saratoga Avenue
-… pic.twitter.com/epTVzpJxgW— Tesla Charging (@TeslaCharging) May 11, 2026
Tesla released the video above to showcase the feature, which automatically joins the waitlist when your vehicle has the Supercharger with the wait as the destination in the navigation. There is also a notification that lets you know your place in line.
In this specific example, the video shows that the wait is less than five minutes, and that there are two cars ahead of the one in the video:
Credit: Tesla
Having a wait at a Supercharger is relatively rare, but it does happen. It is even more frequent now that there are more EVs allowed to use the Supercharger Network. Those non-Tesla EVs can also join the queue, as Tesla added in its social media release of the pilot program that they can join the waitlist using the Tesla app.
The release of this program should help alleviate the rare risk of incidents at Superchargers. Tesla will expand this program as it sees fit, and it gathers valuable data and reviews from users.
Investor's Corner
Tesla Optimus is already benefiting investors, top Wall Street firm says
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Tesla Optimus is already benefiting investors from a fiscal standpoint, at least that is what Alexander Potter at Piper Sandler, a top Wall Street firm covering the company, says.
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Analyst Alexander Potter, in the firm’s latest “Definitive Guide to Investing in Tesla,” built a comprehensive framework covering 17 separate product lines.
This granular approach values Tesla’s core businesses—including electric vehicles, energy storage, Full Self-Driving (FSD) software, in-house insurance, Supercharging network, and a standalone robotaxi operation—at approximately $400 per share, without assigning any value to Optimus or related inference-as-a-service opportunities.
“At $400/share, we think investors can buy Optimus for ‘free,’” Potter stated in the note. Piper Sandler maintained its Overweight rating on Tesla shares and a $500 price target, which implicitly attributes roughly $100 per share to the robot-related businesses— a figure the analyst views as potentially conservative.
The updated model incorporates elements often overlooked by other sell-side analysts, such as detailed forecasts for Tesla’s insurance operations, Supercharger revenue, and a distinct valuation for the robotaxi business separate from FSD software licensing. It also accounts for Tesla’s 2025 CEO compensation plan for the first time.
Potter acknowledged that his estimates for 2026 and 2027 fall below Wall Street consensus, citing factors like declining deliveries from certain discontinued models and reduced regulatory credit income.
However, he expressed limited concern, noting that traditional vehicle delivery metrics are expected to matter less over time as FSD subscriber growth and robotaxi deployment metrics gain prominence. On Optimus specifically, Potter suggested the humanoid robot program, combined with inference services, “arguably will be worth more than Tesla’s other businesses combined,” though the firm has not yet produced formal long-term forecasts for these segments.
Tesla shares have traded near the $400 range in recent sessions, reflecting ongoing investor focus on the company’s autonomous driving progress and expansion into robotics and AI. The Optimus project remains in early development stages, with Tesla aiming to deploy the robots initially for internal factory tasks before broader commercial applications.
This Piper Sandler analysis highlights the growing emphasis among some investors and analysts on Tesla’s long-term technology platform potential beyond its current automotive and energy businesses.
As with any forward-looking valuation, outcomes will depend on execution timelines, technological breakthroughs, regulatory approvals for autonomous systems, and market adoption of humanoid robotics—areas that carry significant uncertainty and execution risk.
The note underscores a common theme in Tesla coverage: differing views on how to quantify emerging high-growth opportunities like robotics within the company’s overall enterprise value. Investors are advised to consider their own risk tolerance and conduct thorough due diligence regarding these speculative elements.
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla launches its solution to rare but relevant Supercharger problem
