News
SpaceX to receive $15m from Florida to build Falcon refurbishment facility
The state of Florida’s Space Florida initiative is likely to award SpaceX nearly $15 million in support of the company’s recently-publicized plan to build a new Falcon rocket refurbishment facility and launch control center on Kennedy Space Center property.
All things considered, such an investment would be an extremely savvy move for the state, potentially speeding up an expansion that will pave the way – quite literally in terms of infrastructure — for SpaceX to support a dramatically larger launch cadence in Florida. Writing in an environmental assessment (EA) for the Richards Road project discovered in early June, the company provided a rough estimate for what that growth could look like:
“SpaceX estimates a possible 150 construction jobs associated with the initial development of the Proposed Action, and approximately 70 new SpaceX employees to support additional operations on KSC. SpaceX plans to launch more than 4,000 satellites with the intention that most of these satellites will be launched from LC-39A and LC-40.” (p. 39)
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- Satellite imagery from Google Maps shows the currently-abandoned site of SpaceX’s prospective Florida expansion. (Google Maps)
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- SpaceX’s Launch Complex 39A pictured in April 2018. (Tom Cross)
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- TomCross photographing Falcon 9 with the Zuma payload at SLC-40.
In the case of “most” of “more than 4,000 satellites” being launched from Florida, SpaceX is undoubtedly referring to the first phase of their Starlink internet constellation, a program that is also rapidly growing an R&D team to complete the system’s production-ready design and build a state-of-the-art factory for the vast majority of the network’s major components. For context, 70-90 additional new employees would grow SpaceX’s Florida presence by as much as 20-30% from 2018 levels.
Teslarati reached out to SpaceX for further clarification on the Starlink-related comments in the EA, but the company could not be reached for comment on the matter. However, SpaceX was later able to provide a statement on their prospective Richards Road expansion, reprinted below.
“As SpaceX’s launch cadence and manifest for missions from Florida continues to grow, we are seeking to expand our capabilities and streamline operations to launch, land and re-fly our Falcon family of rockets.”
It’s worth noting that SpaceX President and COO Gwynne Shotwell told CNBC reporters in May 2018 that the company expected 2019 to look more like 2017 (18 launches), suggesting that next year will likely be 30-50% slower than its busy 2018 launch schedule. Although the COO did state that “2019 [will] probably be closer to 2017 due to lower demand”, she didn’t explicitly include non-commercial launches in her figuring.
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- While SpaceX’s 2018 manifest is likely to support more annual launches than the company has yet to achieve, the trend slopes a bit down in the 12-24 months that follow. The SES-12 satellite is shown here and was launched in June 2018. (SES)
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- Iridium NEXT satellites being attached to the payload dispenser at SpaceX’s VAFB facilities. Iridium’s contract for eight launches should be completed by Q4 2018. (Iridium)
Combined with SpaceX’s official statement that its Florida manifest “continues to grow”, an observation that at face-value plainly contradicts the Chief Operating Officer’s on-record estimations, it seems almost impossible that that manifest growth is not largely a consequence of internal plans to dedicate a number of launches to Starlink satellites. As of June 2018, crowdsourced SpaceX launch manifests show a total of 20 possible launches in 2019 and 12 in 2020 – while plausible that a number of additional missions will be contracted or publicly announced as time marches on, it’s somewhat less plausible that those missions will push SpaceX’s commercial launch demand up to or above 2018 levels (24-28 launches).
https://twitter.com/elonmusk/status/875849793204928512
Starlink launches thus make sense as a gap-filler for the one or two demand-sapped years likely to follow 2018, too near for SpaceX’s reusability-associated launch price drops to make a difference and too early for the company’s full-reusable BFR to come online. Rather conveniently, the production of roughly 12 new Block 5 Falcon 9s and Heavies per year would almost certainly keep all of SpaceX’s rocket manufacturing facilities busy, while also leaving an unfathomably vast fleet of stagnant Block 5 boosters (and hopefully payload fairings) available for any internal missions required by the Starlink program. If Patricia Cooper’s late-2017 statements are still roughly true today, SpaceX plans to begin the first dedicated launches of operational Starlink satellites in 2019, perfectly coinciding with their publicly anticipated lull in commercial launch demand.
Although it does depend on an extraordinarily rapid and successful ramp of the Starlink program, the paradoxical opportunity presented to SpaceX by launch demand lulls in 2019 and 2020 is hard to deny. Around the same time, one would expect the market for launches to begin to seriously respond to the arrival of a new, more affordable paradigm of orbital access, potentially culminating in an unprecedented demand for commercial launches as the price of entry begins to drop appreciably.
News
Tesla broadens most-wanted Model Y to eight new markets
This rollout targets Asia’s booming EV adoption, driven by family buyers seeking practicality without sacrificing performance or luxury. It positions Tesla against rising local competitors offering affordable three-row options.
Tesla has broadened the availability of the most-wanted Model Y trim to eight new Asian markets, expanding the footprint of what is one of the most highly requested vehicle configurations in the U.S.
Tesla has officially launched ordering for the Model Y L, its long-wheelbase six-seater electric SUV, across eight key Asian territories: Japan, South Korea, Hong Kong, Macau, Singapore, Thailand, Malaysia, and the Philippines.
The announcement signals a major expansion for the family-oriented variant first introduced in China in August 2025. In Thailand, Malaysia, and the Philippines, the vehicle had already been previewed at several motor shows, so fans in the area were familiar with the Model Y L and its distinct differences to the standard-sized trims.
🚨 Tesla has launched the Model Y L for order in eight new Asian territories:
– Japan
– South Korea
– Hong Kong
– Macau
– Singapore
– Thailand (previously unveiled at the Bangkok International Motor Show)
– Malaysia (previously unveiled)
– Philippines (previously unveiled) pic.twitter.com/PidNwRxuEU— TESLARATI (@Teslarati) April 3, 2026
Local pricing reflects taxes, incentives, and import duties. Malaysia estimates RM260,000 with Q2 2026 deliveries; Singapore lists S$248,999 (including COE); Macau prices at 398,750 patacas. Similar competitive positioning is expected in Japan, South Korea, Hong Kong, Thailand, and the Philippines, where the Model Y L undercuts many traditional three-row SUVs while offering full EV benefits.
This rollout targets Asia’s booming EV adoption, driven by family buyers seeking practicality without sacrificing performance or luxury. It positions Tesla against rising local competitors offering affordable three-row options.
Notably, the Model Y L remains unavailable in the U.S. market, where demand for a stretched Model Y has been high. Although CEO Elon Musk said that something “way cooler than a minivan” is on the way in the U.S., the dimensions of the Model Y L simply fit the needs of many American families.
Elon Musk says Tesla is developing a new vehicle: ‘Way cooler than a minivan’
The Model Y L stands out with its stretched dimensions: 4,976 mm long and a 3,040 mm wheelbase—179 mm and 150 mm longer, respectively, than the standard Model Y. Height increases slightly to 1,668 mm, creating a true three-row, 2+2+2 layout with individual captain’s chairs in the second row for easier third-row access.
Maximum cargo capacity reaches 2,539 liters with seats folded, making it ideal for growing families or those needing versatile space in dense urban environments. But it’s not just a grocery-getter or a kid-hauler: The performance matches Tesla’s reputation.
Dual-motor all-wheel drive delivers 0-100 km/h acceleration in about 5.0 seconds (or 4.5 seconds in some market specs), with a top speed of 201 km/h. The vehicle boasts a WLTP-rated range of up to 681 km, supported by an approximately 88-97 kWh battery pack (market-dependent) and 250 kW DC fast charging.
With deliveries slated for Q2 2026 and strong early interest mirroring China’s rapid pre-orders, the Model Y L could become a bestseller in these dynamic markets. Tesla’s targeted expansion essentially generalizes its commitment to tailoring vehicles to regional needs while advancing sustainable mobility across Asia.
Lifestyle
Tesla hit by Iranian missile debris in Israel
A Tesla in Israel absorbed a direct hit from missile debris, and the glassroof held.
On March 30, 2026, Lara Shusterman was in Netanya, Israel when Iranian ballistic missiles triggered air raid sirens across the city. While she remained in safety, her 2024 Tesla Model Y did not escape untouched. A heavy piece of missile debris struck the car’s massive glass roof, leaving a deep crater but without shattering. In a Facebook post to the Tesla Israel community the following morning, Shusterman described what happened: “The glass did not shatter into dangerous shards. She stopped the damage and pushed the metal part to the ground.” She closed by thanking Elon Musk and the Tesla team for building what she called “security and a sense of trust even in extreme situations.”
Netanya is a coastal city in central Israel, roughly 18 miles north of Tel Aviv and has been among the areas most frequently struck during Iran’s ongoing missile campaign, following coordinated U.S. and Israeli strikes on Iranian military infrastructure. Falling shrapnel from intercepted missiles is a common occurrence.
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- Tesla Model Y glass roof shattered from a piece of falling Iranian missile debris
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- A piece of Iranian missile debris that struck Lara Shusterman’s Tesla Model Y in Netanya, Israel on March 30, 2026, after being intercepted by Israeli air defenses.
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- Tesla Model Y glass roof shattered from a piece of falling Iranian missile debris
Source: Tesla Israel Facebook Group
The incident is a testament to Tesla’s structural engineering. Tesla’s glass roof is designed to support over four times the vehicle’s own weight. That strength has shown up in real-world accidents too. In 2021, a Model Y in California was struck by a falling tree during a storm, with the glass roof holding firm and the cabin remaining intact. In another widely reported incident, a Tesla Model Y plunged 250 feet off the cliff at Devil’s Slide in California in January 2023, with all four occupants, including two young children, surviving.
Disturbing details about Tesla’s 250-foot cliff drop emerge amid initial investigation
Tesla officially launched sales in Israel in early 2021 and captured over 60 percent of Israel’s EV market in the first year. The brand’s foothold in Israel remains significant. Tens of thousands of Teslas are now on Israeli roads, making incidents like Shusterman’s easy to corroborate. On the same week her Model Y took the hit, the U.S. Space Force awarded SpaceX a $178.5 million contract to launch missile tracking satellites, a separate but fitting reminder of how intertwined the Musk ecosystem has become with the realities of modern conflict.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Tesla broadens most-wanted Model Y to eight new markets
Tesla hit by Iranian missile debris in Israel
