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SpaceX nails Starlink launch but narrowly misses landing after fastest booster reuse yet
SpaceX has successfully completed its fifth launch of 60 Starlink communications satellites but suffered a surprising landing failure, an exceedingly rare reminder of just how quickly the company has made Falcon rocket reusability feel routine.
As previously discussed, despite the booster’s apparent demise in the Atlantic Ocean, SpaceX did nevertheless break its internal turnaround record with Falcon 9 B1056, launching the booster twice in just 62 days. While unfortunate, it’s important to remember that today’s Starlink mission (Starlink V1 L4) was B1056’s fourth launch in 10 months – an extraordinarily productive career relative to any other orbital-class rocket in existence.
Still, the fact remains that even in a best-case scenario, B1056 has probably reached an early grave and is unlikely to support any future launches. The Falcon 9 booster’s missed landing is the first in almost 15 months and the second to fail because of inaccurate navigation. Based on an uninterrupted live feed provided by drone ship Of Course I Still Love You (OCISLY), there is even a chance that SpaceX’s last Falcon 9 landing failure will be precisely replicated, meaning that another booster could very well be stranded – intact – at sea.
Back in December 2018, Falcon 9 booster B1050 successfully completed the primary goal of its launch debut, sending SpaceX’s CRS-16 Cargo Dragon spacecraft and a Falcon upper stage on their way to orbit. Around seven minutes after liftoff, it became clear that something was wrong with the booster as it began to spin about in an unusually violent manner. About a minute later, still spinning, the Falcon 9 booster deployed its landing legs and performed a nearly flawless soft landing. The only problem: B1050’s soft landing occurred in the Atlantic Ocean instead of the actual target, one of SpaceX’s two Cape Canaveral landing pads (LZ-1/2).
As a result, the Block 5 booster found itself almost entirely intact and floating in the Atlantic Ocean. Because it was just a handful of miles away from Port Canaveral, SpaceX was able to rapidly dispatch a recovery team and eventually managed to bring the booster back into port and onto dry land a few days after its landing anomaly. While CEO Elon Musk indicated at the time that there was at least a chance B1050 could be refurbished for another flight, the booster has unsurprisingly not launched again and probably never will. Falcon 9 may be designed to tolerate extreme weather but “submersion in seawater” is undoubtedly a major stretch.
Still, the point is that there’s a good chance that Falcon 9 B1056 is more or less intact in the Atlantic Ocean after its inaccurate – but seemingly controlled – February 17th landing. Given that B1056, drone ship OCISLY, and support ship GO Quest are all some 630 km (390 mi) from Port Canaveral, there is almost no chance that SpaceX will go to the extraordinary effort of dragging a floating B1056 – even if perfectly intact – all the way back to Florida. It’s not an impossibility, however.
Based on the fact that B1056 kicked up visible sea spray just a few hundred feet from OCISLY’s deck, as well as the distinct lack of an obvious explosion, it looks likely that the Falcon 9 booster suffered some kind of navigational failure. It’s possible that it experienced the same hydraulic failure that disabled B1050’s four grid fins, but a new kind of failure – like anomalous GPS readings, a broken laser altimeter, failed Merlin 1D engine thrust vectoring, or something more complex – could be the ultimate source of the missed landing.
Regardless of whether parts or the entirety of the booster can be recovered, SpaceX will almost certainly learn a lesson (or several) from Falcon 9 B1056’s premature demise, hopefully allowing future rocket landings to avoid the same fate. Most importantly, today’s primary objective – placing 60 new Starlink satellites in orbit – was a flawless success, even if B1056’s loss is still a blow. SpaceX’s next Falcon 9 launch is currently scheduled no earlier than (NET) March 2nd and is unlikely to be delayed by today’s events.
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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’
