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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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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.
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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.”
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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
