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SpaceX’s Starship, Florida Space Coast make it through Hurricane Dorian unscathed
With Hurricane Dorian’s central Florida rendezvous essentially over, it’s safe to say that SpaceX’s Starship facilities and Florida’s Space Coast more generally have made it through the threatening storm almost completely unscathed.
SpaceX is simultaneously building two orbital-class Starship prototypes at separate facilities in Boca Chica, Texas and Cocoa, Florida, the latter of which was under threat from Hurricane Dorian and the former of which just made it through the remnants of Tropical Storm Fernand. Both facilities are where they are primarily because of their favorability relative to Earth’s orbital mechanics, but their locations also mean that SpaceX will have to deal with risks of hurricanes, tropical storms, and generally unsavory weather every summer.
Heading into the last few days of August, there was an increasingly high risk that Hurricane Dorian would pose an almost unprecedented threat to central Florida and the US East Coast, rapidly swelling from Category 3 to Cat 4. On September 1st, Dorian made landfall in the Bahama Islands and exploded into a record-breaking Category 5 storm with sustained wind speeds of more than 180 mph (285 km/h), making it the strongest hurricane to impact the region in recorded history.
As a collection of islands with a maximum surface height barely 30 meters (100 ft) above sea level, the storm wreaked havoc on the Bahamas, with storm surge appearing to inundate a majority of the several islands. In a tragic turn of events, the weather system pushing the storm west died off, effectively leaving the massive hurricane to listlessly pummel the Bahamas for a full 48 hours. Sadly, no fewer than 23 Bahamians have been killed by Hurricane Dorian, and damages to the island are immense and will likely take years to recover from.
Thus, it’s an incredibly bittersweet victory to know that the ~48 hours Dorian spent almost paused over the Bahamas can probably be credited with the storm’s dramatically reduced East Coast impact. As shown in the videos below, SpaceX is back in action at its Cocoa, Florida Starship assembly facility as of September 5th, almost entirely unscathed after Dorian weakened to a Category 2 storm and never made landfall in the state.
Without making landfall, the limited remaining impact of Dorian’s weakened storm surge and winds is unlikely to have resulted in significant damage to the string of launch pads located along Florida’s Space Coast, including two SpaceX pads (LC-40 and LC-39A). Had Dorian remained at its peak Category 5 strength and continued towards Florida unabated, the damage could have been immense. In particular, SpaceX’s Cocoa Starship facilities and hardware are almost entirely uncovered and unprotected from the elements, with almost two dozen massive steel rings at an exceptionally high risk of being tossed around like hula hoops if winds were high enough.
Those destructive winds never transpired in Florida – albeit at a great cost to the Bahamas – and it’s nearly impossible to discern between videos of the Starship facility taken before and after Dorian. More standing water is visible (yay, mosquitoes!) and SpaceX managed to roll the larger Starship Mk2 tank section inside a vertical assembly building partially completed just days prior, but all Starship hardware appears to have made it through the relatively mild weather untouched.
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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
