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Porsche Taycan gets three years free charging, 320 kW “Turbo Chargers” coming to dealer network
As Porsche prepares for the launch of its first all-electric car — the highly-anticipated Taycan — the carmaker has begun setting the stage for the vehicle’s rollout in the United States. On Monday, Porsche Cars North America, Inc. (PCNA) announced an agreement with Electrify America to provide the Taycan with three years of unlimited fast charging at public stations across the country. With this system in place, as well as Electrify America’s ongoing expansion, the Taycan would be capable of long-distance, coast-to-coast travel.
In a press release about the update, Porsche noted that the charging perk would be included in the Taycan’s selling price. Under the system, Taycan buyers would receive three years of unlimited 30-minute fast charging at Electrify America locations, which is comprised of over 300 highway stations in 42 states, on top of more than 180 sites in 17 select metro areas. The established carmaker stated that each Electrify America location would have an average of five charging stalls, while some sites would have enough support for up to 10 vehicles at once.
Apart from its deal with Electrify America, Porsche has also announced that its dealers would be installing their own fast-charge Turbo Charger kiosks for the company’s upcoming all-electric vehicle. Porsche would also be releasing products for home charging solutions. In a statement, Klaus Zellmer, President and CEO of PCNA, pointed out that this trifecta of charging systems — Electrify America’s infrastructure, Turbo Chargers in dealers, and home chargers — would ultimately free future Taycan owners from range anxiety.
“Every Porsche is a sports car with soul, and the Taycan is soul electrified. Together, Electrify America and our Porsche dealer network will provide a national infrastructure for DC fast charging that frees future Taycan owners from range anxiety. And Porsche home charging technology will turn the customer’s garage into the equivalent of a personal gas station,” the CEO said.
One thing that separates the Taycan from the conventional electric car is its capability to charge at an extremely rapid rate. Using 350 kW chargers, 800-volt technology, and the combined charging system (CCS) standard, the Taycan would be able to add more than 60 miles of range in just four minutes. That’s the fastest charging capabilities in the market today, roughly three times faster than Tesla’s expansive Supercharger Network.
To take advantage of the Taycan’s ultra-fast-charging capabilities, Electrify America’s highway stations would have a minimum of two 350 kW chargers per site, with additional stalls delivering up to 150 kW. Metro stations, on the other hand, would be capable of charging at speeds of up to 150 kW as well. Electrify America is expected to have 484 locations with 2,000 charging stalls completed or under construction by July 1, ahead of the Taycan’s release in late 2019.
While free 3-year unlimited access to Electrify America’s chargers would undoubtedly be a notable selling point for the Taycan, Porsche’s dealers across the country would also be offering their own charging perk. The automaker has noted that all 191 of its US dealers would be installing DC fast-charging stations for the upcoming vehicle, 120 of which would feature Porsche Turbo Charging — the company’s proprietary DC/CCS charging system that delivers up to 320 kW. Porsche dealers without Turbo Chargers would feature 50 kW fast chargers on site.
The Porsche Experience Center (PEC) in Atlanta, GA already hosts the company’s first Turbo Chargers. More of Porsche’s own charging stations are expected to be installed at the PEC in Los Angeles, CA in the near future.
The Porsche Taycan is the first all-electric vehicle from the automaker. In true Porsche spirit, the Taycan boasts impressive specs, from a 0-60 mph time of 3.5 seconds, a top speed of 155 mph, and a range of 310 miles per charge. The company has also noted that just like its iconic vehicles like the legendary Porsche 911, the Taycan would be at home at the racetrack being driven to its limits. As noted by a Porsche brand ambassador in an email to an auto journalist last month, the Taycan would be offered in three models — an entry-level variant, the mid-range Taycan 4S, and the range-topping Taycan Turbo, which would likely cost over $130,000 before options.
Note from Editor:
Last Friday, Electrify America partially shut down its charging infrastructure due to safety concerns from HUBER+SUHNER, the supplier for the network’s charging cables. A spokesperson from Porsche Cars North America tells Teslarati some details on Electrify America’s partial network shutdown:
“Electrify America notified us immediately about the partial shutdown of their charging network due to a concern with one of their liquid-cooling cable suppliers. We are confident that Electrify America and their supplier will move quickly to complete an investigation and resolve this issue well in advance of our public launch of the Porsche Taycan late this year.”
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Tennessee.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
It is safe to say SpaceX won’t be going for electric rockets anytime soon.
In a characteristically blunt reply on X, SpaceX frontman Elon Musk stated, “Unfortunately, electric rockets are impossible,” following reports that MSCI had assigned SpaceX its lowest possible ESG rating of CCC.
The assessment, issued just this past week, coinciding closely with SpaceX’s public market debut, placed the company on par with nations like Russia in sustainability scoring and cited significant risks in environmental, social, and governance areas.
MSCI flagged SpaceX’s exposure to rocket emissions and other operational impacts, alongside governance concerns such as concentrated control by Musk and limited shareholder protections. Musk’s terse comment directly addressed the environmental pillar, underscoring a core physical constraint that ESG frameworks often overlook when evaluating high-thrust industries.
Unfortunately, electric rockets are impossible
— Elon Musk (@elonmusk) June 21, 2026
Electric propulsion systems do exist and are widely used in space. Ion thrusters and Hall-effect thrusters accelerate ionized propellant, typically xenon or krypton, using electric fields, achieving very high specific impulse, often exceeding 3,000 seconds compared to roughly 300–450 seconds for chemical rockets.
This efficiency makes them ideal for satellite station-keeping, orbit raising, and deep-space missions where low thrust over long durations is sufficient. SpaceX’s own Starlink satellites employ electric propulsion for these purposes.
However, launching from Earth’s surface demands something entirely different: enormous thrust delivered rapidly to overcome gravity and atmospheric drag. A typical orbital-class booster must generate thrust far exceeding its weight, often in the millions of Newtons within seconds.
Chemical rockets achieve this through exothermic combustion of dense propellants, producing high-mass-flow, high-velocity exhaust. Electric systems, by contrast, expel very small amounts of mass at extremely high speeds. Generating equivalent thrust would require impractical onboard power levels, massive energy storage or generation systems, and prohibitive added mass, rendering the approach infeasible with current or near-term technology.
Musk has previously expressed a similar sentiment, noting a desire for electric orbital rockets while acknowledging the inescapable requirements of Newton’s third law and energy delivery. The distinction is clear: electric propulsion excels once a vehicle is already in space; it cannot replace the high-thrust chemical phase required to reach orbit from the ground.
The episode illustrates broader critiques of ESG ratings. Proponents argue they incentivize better risk management and long-term sustainability. Detractors, including Musk—who has previously called ESG a “scam”—contend that such metrics can penalize essential activities when no practical alternative exists, potentially discouraging innovation in sectors like space access.
Elon Musk dubs the S&P 500 ESG as “outrageous scam” after Tesla gets booted from index
SpaceX has sought to mitigate launch-related impacts through reusability: Falcon 9 boosters have flown more than 30 times in some cases, dramatically lowering the manufacturing and emissions burden per kilogram delivered to orbit. Starship’s design further emphasizes rapid reusability and methane propellant, which can theoretically be produced via sustainable pathways.
Ultimately, Musk’s remark serves as a reminder that certain engineering realities persist regardless of scoring systems. As humanity expands its presence in space for communications, science, and exploration, balancing genuine environmental progress with technological necessity remains a central challenge.
ESG frameworks may evolve, but the fundamental limits of electric launch propulsion are unlikely to change soon.
SpaceX makes $20 billion move to optimize its balance sheet
SpaceX confirms third massive compute deal at Colossus data center
