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Blue Origin scraps New Glenn recovery ship, finishes first ‘test tank’
After four years of halting work, Blue Origin has fully abandoned a transport ship it once intended to convert into a landing platform for its orbital-class New Glenn rocket.
Known as Stena Freighter at the time of sale, Blue Origin purchased the ship for an undisclosed sum – likely several million dollars – sometime in mid-2018. Aside from a flashy, December 2020 re-christening ceremony in which Blue Origin owner Jeff Bezos named the vessel Jacklyn after his late mother, the private aerospace company left the ship largely untouched in a Florida port. Small teams of workers would occasionally work on retrofitting the roll-on/roll-off cargo ship for a future life as a rocket recovery asset but made very little visible progress despite working on Jacklyn for several years.
Now, a few months after a Blue Origin spokesperson first acknowledged that the company was evaluating “different options” for New Glenn booster recovery, Jacklyn has left Florida’s Port of Pensacola for the Texan Port of Brownsville, where documents show that the ship will be scrapped.
According to an unconfirmed report, Blue Origin may ultimately use the same contractors as SpaceX to turn existing barges into ocean-going rocket-landing platforms. Blue Origin had hoped that a large, keeled ship would allow it to launch New Glenn and still recover its expensive booster even if seas were stormy downrange. However, after 107 successful SpaceX Falcon booster landings on flat-bottomed barges that are exceptionally sensitive to wave conditions, just a tiny fraction of launches have been delayed by the ocean. Further, SpaceX has only lost one booster to waves, and it solved that problem by developing a relatively cheap robot. With the benefit of hindsight, it’s not hard to see why Blue Origin changed its mind.
Much like SpaceX’s next-generation Starship rocket, Blue Origin began work on its semi-reusable New Glenn rocket in the early 2010s. Jeff Bezos publicly revealed New Glenn just a few weeks before CEO Elon Musk’s long-planned September 2016 reveal of SpaceX’s next rocket, then known as the Interplanetary Transport System (ITS). Both were massive, meant to be powered by huge new methane/oxygen-fueled engines, and designed from the ground up with some degree of reusability in mind.
But with fairly different designs and wildly different development philosophies, the paths of Blue Origin and SpaceX have only gotten further apart over the last six years. SpaceX thoroughly redesigned its next-generation rocket multiple times before throwing out a large portion of that prior work and settling on an unexpected stainless steel variant that CEO Elon Musk christened Starship in late 2018. Further differentiating the companies, SpaceX began work on steel prototypes almost immediately and successfully built and flew a scrappy pathfinder – powered by an early version of the same Raptor engine meant for Starship – less than a year later.
SpaceX then improvised a factory out of a series of tents and began churning out and testing dozens of more refined prototypes, seven of which would go on to perform flight tests between August 2020 and May 2021. SpaceX’s last test flight ended with a full-size steel Starship prototype successfully landing after launching to an altitude of 10 kilometers (~6.2 mi). Testing slowed considerably after that success but SpaceX appears to have begun ramping up again as it begins to test a Starship (S24) and Super Heavy booster prototype (B7) that have a shot at supporting the rocket’s first orbital launch attempt.
That orbital launch debut has been more or less continuously delayed for years and is about 20 months behind a tentative schedule Musk first sketched out (albeit for a drastically different rocket design) in 2016. Technically, the same is true for Blue Origin, which also said that it intended to debut New Glenn as early as 2020. However, while SpaceX can point to the instability of Starship’s design before 2019 as a fairly reasonable excuse for delays, the general characteristics of New Glenn’s design appear to be virtually unchanged despite its many delays. The smaller rocket – 7m (23 ft) wide and 98m (322 ft) tall to Starship’s 9m (30 ft) width and ~119m (~390 ft) height – will still use traditional aluminum alloys for most of its structures, will be powered by seven BE-4 engines, will land on several deployable legs, will have an expendable upper stage powered by two BE-3U engines, and will be topped with a large composite payload fairing.
Blue Origin canceled plans for a smaller interim fairing, abandoned plans to land the booster on a moving ship, and tweaked the booster’s landing legs and a few other attributes, but New Glenn is otherwise (visibly) unchanged from its 2016 reveal. Ultimately, that makes it even stranger that Blue Origin has done practically zero integrated testing of any major New Glenn components. Only in 2022 did the company finally complete and test a New Glenn payload fairing. Blue may have also built and tested a partial booster interstage, which the New Glenn upper stage will attach and deploy from.
But the true star of the show, at long last, is an apparent full-scale prototype of New Glenn’s upper stage. At minimum, Blue Origin’s first ‘test tank’ (using SpaceX parlance) should allow the company to finally verify the performance of New Glenn’s aluminum tank barrel sections and domes under cryogenic (ultra-cold) conditions. It’s unclear how (or if) Blue Origin intends to complete integrated static-fire testing of New Glenn’s upper stage before the rocket’s first launch, but it’s possible that the tank it finally delivered was designed to support testing with and without engines.
Nonetheless, Blue Origin hasn’t specified what it actually plans to do with its first New Glenn test tank and it’s even less clear why it has taken the company so long to complete one. While difficult, the methods Blue Origin is using to build New Glenn’s primary structures are about as standard as they get for modern rockets. Blue Origin itself even uses the same tech to build its smaller New Shepard rockets. So does SpaceX, ULA, Boeing, Arianespace, and virtually every other manufacturer of medium-to-large rockets, including NASA’s Space Launch System (SLS) core stage, which is wider than New Glenn.
The results of those challenges (managerial, technical, or otherwise) are clear: Blue Origin is nowhere close to debuting its next-generation rocket while competitors like Arianespace and ULA are tracking towards H1 2023 debuts of their Ariane 6 and Vulcan rockets. SpaceX, who is pursuing full reusability and really only settled on the design of its larger rocket in 2019, could even be ready to attempt an orbital-class launch with Starship before the end of 2022.
Still, the long-awaited beginning of hardware-rich New Glenn development appears to have finally arrived, and it’s possible that Blue Origin’s first orbital-class rocket could finally start picking up momentum towards its launch debut.
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.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
