News
SpaceX Starship Integrated Flight Test 2: What to Expect
After a one-day delay to replace a failed grid fin actuator, SpaceX is now less than 24 hours from the second test flight of Starship. SpaceX will have a 20-minute launch window that opens at 7:00 AM CT (13:00 UTC).
Making this test flight is Ship 25 and Booster 9. Ship 25 is powered by 6 Raptor engines (3 sea level and 3 vacuum), and Booster 9 is powered by 33 Raptor engines.
Booster 9 features many upgrades over the last booster to take flight, including better engine shielding and a switch from hydraulic thrust vector controls to electric TVC. Ship 25 didn’t see as many upgrades as the booster, and not much has been shared of any major changes that were made. One change to both vehicles was the improvement of the Flight Termination System, which took much longer to destroy the rocket than expected during the first test.
Launch Day
T minus 2 hours before the scheduled liftoff, the SpaceX launch director will give the go for propellant loading. This process will begin at t minus 1 hour and 37 minutes, and at this point, Booster 9 will begin loading with both liquid oxygen and liquid methane.
T minus 1 hour and 17 minutes, liquid methane will begin loading onto Ship 25, followed by liquid oxygen 4 minutes later at t minus 1 hour and 13 minutes.
T minus 19 minutes and 40 seconds, the 39 Raptor engines on Booster 9 and Ship 25 will begin chilling to prepare for the extremely cold fuel to flow through and prevent thermal shock to engine hardware.
T minus 10 seconds, the flame deflector installed after the first IFT will begin flowing water.
Super Heavy Booster 9 static fire successfully lit all 33 Raptor engines, with all but two running for the full duration. Congratulations to the SpaceX team on this exciting milestone! pic.twitter.com/1hzs768vHg
— SpaceX (@SpaceX) August 25, 2023
T minus 3 seconds, Raptor engine ignition begins, and thrust begins to build to allow for liftoff.
LIFT OFF!
T+ 2 seconds, the 2nd Integrated Flight Test should now be officially underway, with Booster 9 thundering away from the orbital launch mount.
Liftoff from Starbase pic.twitter.com/rgpc2XO7Z9
— SpaceX (@SpaceX) April 20, 2023
T+ 52 seconds, Starship and Booster 9 reach Max Q, the area of maximum dynamic pressure on the vehicle will occur here. If (or most) all Raptor engines on Booster 9 are performing nominally, the vehicle will pass through this fairly quickly.
T+ 2 minutes and 39 seconds, Staging. This will be the first time SpaceX has ever attempted hot staging. Almost all of Booster 9 engines will cut out, and Ship 25 will ignite its Raptor engines to separate from the booster. This is all unknown territory from this point on for SpaceX, as the first test flight did not make it this far. SpaceX has yet to clarify how many Ship 25 engines will ignite during this process.
If all goes well, Booster 9 will begin its flip and boost backburn at t+ 2 minutes and 53 seconds, which will last ~54 seconds. Unlike the Falcon 9, the booster is not designed to perform an entry burn.
T+ 6 minutes and 30 seconds after lift-off, Booster 9 will begin its landing burn for a hopeful soft touchdown in the Gulf of Mexico 18 seconds after landing burn ignition. The planned landing area is ~20 miles (32 km) downrange.
Meanwhile, Ship 25 will continue burning its 6 Raptor engines until t+ 8 minutes and 33 seconds, inserted into a sub-orbital trajectory, and then enter a coast phase until its planned reentry North of the Hawaiian islands.
Landing!
At t+ 1 hour and 17 minutes, Starship will begin feeling the effects of the atmosphere, its first real test for the heatshield. If it survives atmospheric entry, Starship will splash down in the Pacific Ocean at t+ 1 hour and 30 minutes after lift off. SpaceX has said Ship 25 will not attempt a landing burn during this test.
If Starship is able to make it past staging, SpaceX will most likely consider this test a success, but it would be a major accomplishment for Ship 25 to survive entry back through the atmosphere and gather important data for the company.
If you have a chance to make it to South Texas or even the other side of the Rio Grande in Mexico, it’ll be a sight you’ll never forget. If you’re watching from home, SpaceX will begin streaming the launch on X and their website 35 minutes before lift-off.
Questions or comments? Shoot me an email at rangle@teslarati.com, or Tweet me @RDAnglePhoto.
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’
