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Elon Musk says SpaceX could catch Crew Dragon and NASA astronauts with a giant net
Shortly after SpaceX flawlessly completed Crew Dragon’s In-Flight Abort (IFA) test earlier today, CEO Elon Musk – speaking at a post-launch press conference – revealed that SpaceX wants to try to catch future Dragon spacecraft with the same ships – and giant nets – it uses to recover Falcon fairings.
This is not the first time Musk has mentioned such a plan. Back in February 2018, he noted that SpaceX ship Mr. Steven (now Ms. Tree), designed to catch parasailing fairing halves out of the air, “might be able to do the same thing with Dragon — if NASA wants us to, we can try to catch Dragon.” The motivation behind catching Dragon – instead of fishing it out of the Atlantic Ocean – is effectively the same reason that SpaceX is trying to routinely catch Falcon fairings: it’s much easier to reuse aerospace hardware that hasn’t been dunked and soaked in saltwater.
Of course, Musk cautioned that SpaceX would only pursue Dragon catches if NASA were open to the idea – the space agency’s conservatism is already largely responsible for the death of propulsive Crew Dragon landing, also intended to make spacecraft reuse much easier. Additionally, the CEO qualified his comments by noting that SpaceX would attempt to catch Crew Dragon only after Falcon fairing halves are being routinely and reliably caught.
As it turns out, both fairing recovery ships Ms. Tree and Ms. Chief are set to attempt their second simultaneous fairing catch less than 48 hours from now.
Ms. Tree and Ms. Chief actually departed their Port Canaveral home berths on the evening of January 18th, barely 12 hours before Falcon 9 B1046 lifted off for fourth and final time and was sacrificed for a thankfully flawless Crew Dragon abort test. The fast recovery ships – each outfitted with a giant net – are scheduled to attempt their second-ever simultaneous recovery of both halves of a Falcon 9 payload fairing.
Barely 48 hours after Crew Dragon’s IFA test, SpaceX has another Falcon 9 launch scheduled to lift off as early as 11:59 am EST (16:59 UTC) on Monday, January 21st. The mission will be SpaceX’s second Starlink satellite launch and third launch overall this month and is set to place the fourth batch of 60 Starlink internet satellites into low Earth orbit (LEO). Like all SpaceX satellite launches, the mission – Starlink V1 L3 or the third launch of Starlink v1.0 spacecraft – will feature a standard Falcon 9 fairing.
Around three minutes after liftoff, said fairing will separate into its two halves, deploying from the top of Falcon 9 and beginning a 100+ km (63+ mi) journey back to Earth. For SpaceX’s unique payload fairing, that journey includes reorienting with cold-gas thrusters, deploying a GPS-guided parafoil, and attempting to gently land in a giant net carried on the back off a ship.
Thus far, SpaceX has attempted to catch Falcon fairing halves nine separate times, resulting in two successful catches in June and August 2019. Two subsequent catch attempts in December 2019 and January 2020 were unsuccessful, a strong sign that SpaceX still has a ways to go before fairing catches are as routine and reliable as Falcon booster recovery.
As such, it’s unlikely that Ms. Tree or Ms. Chief will be catching Crew or Cargo Dragon capsules anytime soon. Still, it’s increasingly clear that every fairing catch attempt will also represent a potential step towards the goal of keeping Dragons and the NASA astronauts they’ll carry as dry as possible.
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Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
