SpaceX is in the final stages of preparing a trio of Falcon 9 rockets for a set of launches scheduled less than two days apart.
The potential hat trick will likely be the last opportunity for a salvo of Falcon launches before the end of 2022. As a disclaimer, while unofficial launch dates (derived from regulatory documents or well-sourced public manifests) were consistently close to actual launch dates for most of 2022, that ceased to be the case when SpaceX began experiencing an abrupt uptick in launch delays over the last two months. As a result, Falcon launch dates – even once confirmed by SpaceX – should be assumed to be a bit more uncertain than usual until it’s clear that that trend has died down.
Nonetheless, all available signs indicate that SpaceX and its customers are moving forward with plans for three back-to-back launches before the end of the week.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Set to kick off the diverse trio is the Surface Water and Ocean Topography (SWOT) spacecraft, a roughly $1.2 billion joint mission between NASA and French space agency CNES. Thanks in part to the COVID pandemic, which has and continues to impact large swaths of NASA and the aerospace industry, NASA’s Jet Propulsion Laboratory completed its portion of SWOT around 9% over budget and eight months behind schedule [PDF] since mission formulation began in 2012. Over a similar time scale, several other NASA missions have experienced cost increases of 10-100%, generally reflecting well on SWOT’s management.
SWOT, a roughly two-ton (~4400 lb) satellite, is designed to conduct the first global survey of all surface water on Earth using two large synthetic aperture radar (SAR) antennas and a conventional radar altimeter. At a cost of roughly $112 million, a SpaceX Falcon 9 rocket is scheduled to launch SWOT to low Earth orbit (LEO) no earlier than (NET) 3:46 am PST (11:46 UTC) on Thursday, December 15th. SpaceX successfully tested SWOT’s Falcon 9 well in advance on December 10th. The rocket was then returned to the company’s hangar at Vandenberg Space Force Base (VSFB) Space Launch Complex 4E for payload installation before rolling back to the pad on December 13th.
The light satellite and low target orbit will allow Falcon 9’s booster to return to the launch site and land at SpaceX’s LZ-4 landing zone, precluding the need for a drone ship recovery.
Up next, another Falcon 9 rocket is scheduled to launch the first two of eleven Boeing-built O3b mPOWER communication satellites for operator SES as early as 4:21 pm EST (21:21 UTC), Friday, December 16th. After lifting off from SpaceX’s Cape Canaveral Space Force Station (CCSFS) LC-40 pad, Falcon 9 is set to launch the roughly 3.4-ton (~7500 lb) pair of satellites to a medium Earth orbit (MEO) with an altitude of 7825 kilometers (4862 mi).
It’s unclear what orbit Falcon 9 will launch the satellites to, but the rocket’s booster will land on drone ship A Shortfall of Gravitas (ASOG) some 700 kilometers (~435 mi) downrange, indicating that it will need as much performance as the rocket can give. ASOG departed Port Canaveral on December 11th, confirming that launch preparations are well underway.
Finally, a third Falcon 9 rocket could launch SpaceX’s first Starlink mission since October 28th as early as 4:54 or 5:13 pm EST (21:54 or 22:13) on December 16th, potentially just 33 or 52 minutes after O3b mPOWER 1&2. If the two missions do launch on December 16th, which a reliable source of unofficial information has indicated is not guaranteed, it will smash the US record for back-to-back launches of the same rocket family. Russia’s R-7 rocket family will retain the international crown, however, having launched twice in 25 minutes in 1969.
Starlink 4-37 will lift off from SpaceX’s NASA Kennedy Space Center LC-39A pad, and its Falcon 9 booster will attempt to launch on drone ship Just Read The Instructions (JRTI). JRTI departed Port Canaveral on December 12th.
Following Starlink 4-37, SpaceX has at least two more launches tentatively scheduled before the end of 2022. NextSpaceflight.com reports that SpaceX could launch its sixth Transporter rideshare mission from Florida on December 27th, and two Israeli EROS-C3 Earth observation satellites out of California on December 29th. However, it’s worth noting that in the almost 17-year history of SpaceX Falcon operations, the company has never launched a rocket after December 23rd or before January 6th. Transporter-6 and EROS-C3 – SpaceX’s 60th and 61st launches of the year – would have to break through that apparent firewall to launch when they are currently scheduled.
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’
