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Elon Musk reveals SpaceX Falcon 9 survived a water landing test
Following the picture-perfect launch of GovSat-1 on Wednesday afternoon, SpaceX CEO Elon Musk took to Twitter with an extremely unusual bit of news. After separating from the second stage, events relating to Falcon 9’s first stage recovery operations were heard live in the background of SpaceX’s live coverage, leading to some additional intrigue around an already odd situation.
B1032, a flight-proven (reused) booster tasked with launching GovSat-1 on its second mission, was seen with landing legs and grid fins on its sooty exterior – a confusing appearance due to SpaceX’s statement that the core would be expended into the ocean after launch. Thankfully, Elon Musk’s tweets provide at least the beginning of an answer for the several oddities.
This rocket was meant to test very high retrothrust landing in water so it didn’t hurt the droneship, but amazingly it has survived. We will try to tow it back to shore. pic.twitter.com/hipmgdnq16
— Elon Musk (@elonmusk) January 31, 2018
As stated above, GovSat-1’s Falcon 9 booster (1032) was apparently being used to test an exceptionally aggressive landing burn in lieu of a drone ship beneath it. The lack of drone ship begins to make more sense with the added knowledge that 1032 was testing experimental landing procedures: in the relatively likely eventuality that something went wrong, the massive booster would have likely impacted Of Course I Still Love You at an extremely high velocity. Similar impacts have occurred before as SpaceX gradually perfected the new technologies and operational knowledge necessary to recover orbital-class rockets, but a basic understanding of rocketry implies that 1032’s OCISLY impact would have been uniquely destructive, likely taking the ship out of action for at least several weeks of repairs.
This would pose an inherent problem for the imminent launch of Falcon Heavy, with the center of three first stages currently scheduled to attempt a landing aboard the very same drone ship in less than a week. Under optimum conditions (sans huge explosions and general destruction), OCISLY and its entourage of support vessels simply could not complete the journey back to Port Canaveral and the subsequent return to sea that would have been necessary to recovery both GovSat-1 and Falcon Heavy’s center core. Add in the potential need for repairs and expending GovSat-1 was a no-brainer for the launch company: Falcon Heavy’s center core could easily see at least one additional launch after it is recovered, whereas the twice-used 1032 effectively reached the end of its useful life after it separated from the second stage and GovSat payload earlier today.
Falcon 9 1038 aboard Just Read The Instructions after the launch of Formosat-5. (SpaceX)
As a result, SpaceX appears to have continued a trend of exploiting flight test opportunities to the greatest extent practicable by tasking B1032 with an experimental landing attempt. More specifically, Elon quickly added that the landing burn attempted by 1032 involved the ignition of three of the booster’s nine Merlin 1D engines during landing, whereas all SpaceX landings up to this point have occurred with a single Merlin 1D ignition. While the company already routinely utilizes three engines during some boostback and reentry burns, landing burns have always featured a single engine. However, by using three engines, it is entirely possible that SpaceX hopes to eventually move towards even more aggressive landing burns. While the obvious downsides likely include difficulty maintaining control and increased stresses on the booster, the benefits are also pretty inherent. By using more engines, the length of the landing burn could be drastically shortened, resulting in far more efficient propellant usage by minimizing losses to gravity (every second the rocket is trying to go upwards is a second fighting against Earth’s gravity, which pulls the rocket down at ~9.8 meters/second squared).
Incredibly, the booster somehow managed to pull off that three engine landing burn with some success, made apparent by the fact that it is intact and floating in the Atlantic, with some hope of being towed back to land. This is almost certainly the first time SpaceX has ever successfully landed a booster in the ocean without a subsequent breakup, an incredible achievement for a rocket that likely experienced exceptional stresses during reentry and landing. Time will tell how this impacts SpaceX’s future recovery efforts, but it is certainly promising as a method of extracting just a little extra performance from reusable Falcon 9s. In other words, future Falcon 9 missions might be able to carry heavier payloads into higher orbits while still being able to land at sea or even on land. Exciting times!
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”
