News
SpaceX’s spectacular USSF-67 Falcon Heavy launch in photos
On January 15th, SpaceX’s Falcon Heavy rocket lifted off for the second time in 75 days to launch another batch of US military payloads into orbits tens of thousands of kilometers above Earth’s surface.
Six and a half hours later, the US Space Systems Command (SSC) confirmed that Falcon Heavy had again completed the exceptionally difficult launch without issue. To deliver the USSF-67 mission’s payloads directly to geosynchronous orbit (GSO), the giant SpaceX rocket had to sacrifice one of its potentially reusable boosters and complete a complex six-hour ballet of rolls, burns, and spacecraft deployments. And for the second time in a row, Falcon Heavy did so without apparent issue.
In an SSC press release [PDF], Maj. Gen. Stephen Purdy, program executive officer for Assured Access to Space, said that the group “had another fantastic launch today on a Falcon Heavy.” He added that “while the launch itself was impressive,” he was “most proud of the fact that we placed important [national] capabilities into space.” And an impressive launch it certainly was.
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
A Falcon (Heavy) spectacle
As previously discussed, USSF-67 was Falcon Heavy’s first twilight launch. The extraordinary cadence of SpaceX’s workhorse Falcon 9 rocket, which Falcon Heavy is derived from, caused twilight launches and the incredible light shows they can produce to become a fairly routine phenomena. But just under five years after its February 2018 debut, there had still never been a Falcon Heavy launch ‘jellyfish’ or ‘nebula.’ That thankfully changed on Sunday.
The rocket lifted off just ten or so minutes after sunset and soared into the fading purple skies. Those skies were still relatively bright at ground-level, reducing the amount of contrast, but the resulting light show was still spectacular as Falcon Heavy and its immense exhaust plume ascended back into the sunlight. The artificial sunrise lit up that pillar-like plume with the colors of sunrise and, eventually, bright daylight.
Close-up views enabled by tracking telescopes captured the true drama, which began shortly after Falcon Heavy’s twin side boosters separated from the rocket’s main core stage and upper stage, flipped around, and ignited their engines to fly back to the Florida coast they’d only just lifted off from. As the nine-engine center core continued towards space, each booster fired up one and then three Merlin 1D engines for their boostback burns.
A view from Astronomy Live captured the moment of boostback burn ignition, during which the side boosters visibly blasted ‘craters’ the Falcon Heavy center core’s much more powerful plume. As those plumes interacted, the fluid dynamics and light produced by multiple Merlin 1D engines combined to create chaotic whisps of orange, red, and yellow – akin to an exploding nebula. The moments prior were also spectacular as the two side boosters, lit up by direct sunlight against the nearly black sky, began gently floating away from the center core and spinning around with bursts from several nitrogen gas thrusters – a brief moment of serenity before the violence of engine ignition.
On a chariot of fire
But as Maj. Gen. Purdy noted, the purpose of USSF-67 – spectacle aside – was to carry a number of important payloads into orbit.
“After both side boosters touched down, SpaceX ended its live coverage at the request of the Space Force, reiterating the mission’s secretive customer and nature. The USSF hasn’t confirmed much about the USSF-67 mission’s payloads, but Falcon Heavy is known to be carrying a geostationary communications relay satellite called CBAS-2 and likely built by Boeing. CBAS-2 is joined by Northrop Grumman’s third Long Duration Propulsive EELV or LDPE-3A, a combination of a propulsive kick stage and a satellite. LDPE-3A is carrying a collection of rideshare satellites and payloads and is designed to operate for months in orbit. Using USSF-44 as a guide, the total USSF-67 payload could weigh roughly 3.75 to 4.75 tons (8,250-10,500 lb).”
Teslarati.com – January 15th, 2023
The same SSC press release provides more detail, noting that LDPE-3A carries two hosted payloads – Catcher and WASSAT. Catcher is a space weather instrument developed by the Aerospace Corporation, while WASSAT is a prototype [PDF] of a wide-angle observation instrument designed to track other satellites in GSO. LDPE is also hosting “three payloads developed by the Space Rapid Capabilities Office (SRCO),” including “two operational prototypes for enhanced situational awareness, and an operational prototype crypto/interface encryption payload providing secure space-to-ground communications capability.”
Two down, one to go
For Falcon Heavy side boosters B1064 and B1065, both of which supported USSF-44 and USSF-67, their missions are far from over. Their second successful side-by-side landing has cleared the boosters to be reused on a third US military launch called USSF-52. Originally known as AFSPC-52, the mission was Falcon Heavy’s first operational US military launch contract and the first time the rocket beat competitor United Launch Alliance (ULA) during a competitive procurement.
Next Spaceflight reports that USSF-52 is scheduled to launch no earlier than April 10th, 2023, less than three months from now. Once that mission is complete, Falcon Heavy will have no more US military missions on contract, although more will almost certainly be rewarded sooner than later. USSF-52 is sandwiched between two other Falcon Heavy launches. Next Spaceflight also reports that Falcon Heavy could launch the ViaSat-3 communications satellite as early as March 2023 and the Jupiter-3 (EchoStar 24) communications satellite as early as May 2023, making for a busy 90 days.
For that trio to happen as scheduled, SpaceX will have to beat Falcon Heavy’s record 75-day turnaround, which has coincidentally (?) occurred twice: first between Arabsat 6A and STP-2, and again between USSF-44 and USSF-67. Including USSF-67, SpaceX has up to five Falcon Heavy launches scheduled this year.
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’
