News
SpaceX’s first Cargo Dragon 2 recovery delayed by Atlantic Ocean weather
Update: The first undocking, orbital reentry, and splashdown of SpaceX’s upgraded Dragon 2 cargo spacecraft was aborted by NASA ground controllers minutes before the process was scheduled to begin. According to NASA, weather in the preferred recovery zone – off the coast of Daytona Beach, Florida – was to blame.
“As a result of adverse weather conditions at the targeted splashdown zone off the coast of Daytona Beach, Florida, SpaceX has waved off today’s planned departure of an upgraded SpaceX Dragon resupply spacecraft. Teams are currently assessing weather conditions to determine the next opportunity for undocking.”
NASA – January 11th, 2021
SpaceX’s upgraded Cargo Dragon spacecraft is just a day or two away from its first International Space Station (ISS) departure, Earth reentry, and ocean splashdown.
The uncrewed Dragon capsule (known as C208) and its expendable trunk section are currently scheduled to depart from the ISS no earlier than the morning (EST) of January 12th – set to be the first time an uncrewed US cargo spacecraft autonomously undocks from the orbital outpost. Previous US cargo vehicles – including SpaceX’s own Cargo Dragon – have relied on berthing, rendezvousing with the ISS and hovering close by while a giant robotic arm was used to capture and secure each spacecraft.
Cargo Dragon 2 wont be the first outright to do so: the uncrewed European ATV and Russian Progress vehicles both used the Russian Docking System (RDS) to deliver cargo to the ISS over the last two decades. However, Dragon’s CRS-21 departure will be the first time an uncrewed cargo spacecraft completes a full mission with the help of NASA’s new International Docking Adapter (IDA), as well as an IDA’s third round-trip use ever.
In fact, SpaceX is solely responsible for the four total uses of the Space Station’s twin IDA ports – both fittingly delivered by Cargo Dragons in 2016 and 2019. In March 2019, Crew Dragon – flying without astronauts on its Demo-1 mission – became the first spacecraft ever to autonomously dock with and undock from an IDA port. In May and August 2020, a separate Crew Dragon spacecraft repeated the feat, autonomously docking and undocking with two NASA astronauts onboard.
In November 2020, SpaceX launched Crew Dragon on its first operational ferry mission with four astronauts. The spacecraft safely docked to the ISS and is scheduled to remain there until at least March or April 2021. Most recently, SpaceX launched its first Cargo Dragon 2 on December 6th, 2020, and the spacecraft docked without issue a day later. Now scheduled to undock as early as January 12th, a successful departure, reentry, and splashdown will truly mark the start of a new era of autonomous SpaceX spacecraft.
Unlike the largely manual berthing method used by Japanese HTV, Orbital ATK Cygnus, and SpaceX Cargo Dragon spacecraft, SpaceX’s Crew Dragon and Cargo Dragon 2 vehicles took advantage of IDA’s mechanical differences to heavily automate the cargo and crew delivery process. Using LiDAR, cameras, complex software, SpaceX’s new Dragons effectively dock themselves, ultimately requiring less training and work for the station astronauts that would otherwise need to manually support berthing operations.
Used to support refrigerated or otherwise power-intensive cargo, Cargo Dragon 2 features twice as many “powered lockers” as its predecessor and is scheduled to return an impressive ~2360 kg (5200 lb) of cargo – including dozens of science experiments – to Earth. More than a decade after Dragon became the first private spacecraft to successfully reenter Earth’s atmosphere, Cargo Dragon is still the only spacecraft in the world capable of delivering substantial cargo from Earth to orbit and from orbit to Earth.
After detaching from its expendable trunk section and reentering Earth’s atmosphere, Cargo Dragon C208 will also become the first cargo spacecraft to splash down in the Atlantic Ocean or Gulf of Mexico thanks to SpaceX’s decision to consolidate its California and Florida Dragon recovery operations on the East Coast.
Also used to recover Crew Dragons, SpaceX ship GO Searcher departed Port Canaveral for its central role in CRS-21’s imminent splashdown. Once Cargo Dragon C208 splashes down at one of four available recovery zones, SpaceX recovery teams will grab and secure the spacecraft and open its hatch. Uniquely time-sensitive cargo can then be transferred to a waiting helicopter for an unprecedentedly rapid return to researchers back on land,
Stay tuned for SpaceX and NASA’s live coverage of Cargo Dragon 2’s first ISS departure and recovery on January 12th or 13th.
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’
