News
Rocket Lab set for Electron’s 9th launch as work continues on reusability, new US launch pad
Over the last several weeks, US spaceflight company Rocket Lab has posted major updates about its ongoing work on LC-2 – the company’s second orbital launch complex – and offered a number of glimpses behind the scenes of preparations for Electron’s 9th orbital launch attempt.
That attempt will be streamed by Rocket Lab and could occur as early as October 17th, delayed from the 15th due to unfavorable weather conditions.
Prior to announcing booster recovery efforts – much like SpaceX and the Falcon 9 – the company broke ground on their first US-based launch facility, to be located at the Mid-Atlantic Regional Spaceport in Wallops Island, Virginia. Launch Complex 2 (LC-2) will join the company’s lone orbital Launch Complex 1 (LC-1) – New Zealand’s first and only orbital launch site – and is meant to enable Rocket Lab to eventually reach a biweekly-to-weekly launch cadence with Electron.
In a statement posted to the company’s social media accounts, Rocket Lab proudly announced that it is working alongside Virginia Space teams to construct LC-2 and its associated Integration and Control Facilities. The future pad recently reached a major milestone as workers installed LC-2’s 66-ton Electron launch platform, to be followed soon after by the installation of the mount’s 44 foot tall (13.4m) strongback, itself weighing 7.6 tons. This marks the beginning of the end of construction efforts at the complex and Rocket Lab is still working towards completion sometime in December 2019. Inaugural pad testing and shakedown operations are expected to begin immediately after, followed by LC-2’s first Electron launch sometime in early 2020.
The US launch facilities will closely resemble Rocket Lab’s New Zealand pad both in appearance and operation: Electron will be rolled horizontally to the launch mount to be lifted vertical after installation on the strongback. A high-pressure water deluge system will protect the mount from Electron and deaden some of the acoustic energy created by the booster.
Mahia Peninsula, New Zealand 2017 (Rocket Lab)
Although Rocket Lab is an American company headquartered in Huntington, CA, it has never launched from the United States. The addition of a second launch complex is expected to drastically increase Electron’s launch cadence, while also lowering the burden placed on companies who would otherwise have to transport spacecraft internationally. In a statement, David Pierce – director of NASA Goddard Space Flight Center’s Wallop Flight Facility – said that “the company’s Electron rocket helps fill a key national need for providing more – and more frequent – launch opportunities for small satellites, and NASA’s Launch Range at GSFC/Wallops, which has enabled commercial space operations for decades, is poised and ready to support these missions.”
Rocket Lab previously worked with NASA to support the Educational Launch of Nanosatellites (ELaNa)-19 mission in December of 2018. So far, Rocket Lab has supported many small companies by launching a total of 39 satellites to orbit. A launch facility located in the US will allow the company to expand its customer base and open up opportunities for more US government launch contracts.
The new US-based launch facility will allow Rocket Lab to expand its employee roster by hiring up to 30 new team members in positions supportive of launch operations including engineering, launch safety, and administration. Launch Complex 2 has been certified to fly Electron up to 12 times a year – specifically supporting government contracts – while Launch Complex 1 in New Zealand has been certified for up to 120 launches per year.
Electron’s 9th launch – nicknamed “As the Crow Flies” – is scheduled for liftoff no earlier than (NET) October 15th and will be a dedicated commercial mission for startup Astro Digital. It will serve as an orbital launch attempt for Astro’s “Corvus” satellite bus and will test the world’s most powerful small electric propulsion system. In a recent blog post, Rocket Lab Senior Vice President of Global Launch Services Lars Hoffman stated that “the mission is a perfect example of the tailored, responsive and precise launch service sought by an increasing number of small satellite operators.”
On October 4th, the 9th flight-qualified Electron rocket completed a routine wet dress rehearsal (WDR) – loading the vehicle with propellant and counting down to launch (sans ignition) – at LC-1. A few days later, Astro Digital’s spacecraft was integrated with a Curie-powered kick stage and encapsulated inside Electron’s carbon fiber payload fairing.
As of now, everything is smoothly on track for Electron’s ninth launch. Of note, the Flight 9 Electron booster is outfitted with a new telemetry system designed to gather a huge amount of data about the reentry environment the booster experiences, data that will be used to reinforce the booster and prepare for its first recovery attempts.
Due to the volume of data that will be produced, Electron will quite literally eject small data capsules that will then be recovered by boat in the Pacific Ocean. If all goes well and the data returned looks promising, Rocket Lab could attempt its first Electron recoveries – nominally grabbing the parasailing booster mid-air with a helicopter – at some point in early 2020.
Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
