News
SpaceX had a big year: 2016 year in review
On December 21, 2016, SpaceX celebrated the one-year anniversary of Falcon 9’s first ever successful stage one landing, leaving their mark on history with the first rocket to ever do so after delivering a payload into orbit. The mission delivered 11 ORBCOMM satellites into low-Earth orbit to complete a 17-satellite constellation network.
Several videos were published with footage of the event last year, but National Geographic gave us a behind-the-scenes look at Elon Musk’s emotional ride while it was happening as an anniversary treat.
The first landing anniversary wasn’t the only thing to come out of 2016, however, and what a year it was!
MORE HISTORIC SPACEX LANDINGS
On April 8, 2016, SpaceX made history again, that time by landing Falcon 9’s first stage booster onto the “Of Course I Still Love You” autonomous droneship in the Atlantic Ocean off the Florida coast. The mission’s payload was a Dragon capsule cargo shipment to the International Space Station (“ISS”) named CRS-8, itself containing an important space technology demonstration for expandable habitats. The Bigelow Expandable Activity Module (“BEAM”) carried in the Dragon capsule was later successfully docked to the ISS and inflated as planned.
On May 5, 2016, SpaceX landed yet another first stage booster on drone ship “Of Course I Still Love You”, but the destination of its payload was geostationary transfer orbit (“GTO”), about 36,000 kilometers above the Earth vs. the 160 to 2000 kilometer height of low-Earth orbit previously achieved before a landing. The higher GTO orbit brought the first stage of Falcon 9 to a much faster speed and higher reentry heating than the previous missions, making the successful landing yet another one for the history books. Its payload was the JCSAT-14 commercial communications satellite.
Falcon 9 on the droneship after launching JCSAT-14 | Credit: SpaceX
Another successful GTO mission with a droneship landing was completed on May 27, 2016, and its THAICOM-8 payload was then delivered to a supersynchronous transfer orbit of 91,000 kilometers high. The third time broke the charm, however, and on June 15, 2016, after a successful insertion of Eutelsat 117 West B and ABS-2A satellites into GTO, the Falcon 9 first stage was lost due to early engine shutdown from lack of fuel.
Looks like early liquid oxygen depletion caused engine shutdown just above the deck pic.twitter.com/Sa6uCkpknY
— Elon Musk (@elonmusk) June 17, 2016
Undeterred, SpaceX successfully landed one more booster on August 16, 2016 during its JCSAT-16 mission to GTO. “Of Course I Still Love You” was the droneship used once again.
First stage landing confirmed on the droneship. Second stage & JCSAT-16 continuing to orbit https://t.co/tdni5406Hi pic.twitter.com/h6llIXSVu7
— SpaceX (@SpaceX) August 14, 2016
A FEW SETBACKS FOR SPACEX
September 1, 2016 is a day that will potentially live in both conspiratorial and procedural dispute infamy due to SpaceX’s launch pad anomaly during its fueling process. Whether the description of choice of the event is “fast fire”, “explosion”, or “fireball”, the result was the same: a complete loss of the Falcon 9 rocket, its payload, and the ability to use Space Launch Complex 40 in the near future.
Still working on the Falcon fireball investigation. Turning out to be the most difficult and complex failure we have ever had in 14 years.
— Elon Musk (@elonmusk) September 9, 2016
The AMOS-6 satellite aboard the rocket was owned by Israel-based Spacecom Ltd. and had been part of a $95 million dollar leasing deal between Facebook and Eutelsat to provide internet access to the non-connected parts of the world.
Per SpaceX’s last update, the investigation and FAA report on the anomaly are still pending and have focused on a breach in the loading of the cryogenic helium system of the 2nd stage liquid oxygen (“LOX”) tank.
Loss of Falcon vehicle today during propellant fill operation. Originated around upper stage oxygen tank. Cause still unknown. More soon.
— Elon Musk (@elonmusk) September 1, 2016
Falcon 9 isn’t expected to return to flight until January 2017 now that the launch with the Iridium-1 satellite payload was delayed from the tentative December 16th date. The FAA report must be completed prior to further launch approvals. The chain reaction of delayed launches has only cost the loss of one SpaceX customer to another launch provider thus far.
Due to extensive damage to Space Launch Complex 40 from the anomaly, future launches from the east coast will take place from historic Apollo-era Launch Complex 39A. SpaceX has been renovating the pad for Falcon Heavy launches. Also resulting from the anomaly was a delay in the first Falcon Heavy launch to early 2017.
SPACEX PUSHES ONWARD
Throughout 2016, SpaceX continued to work on its Crew Dragon capsule as part of its competition with Boeing to provide human flight capabilities from American soil via NASA’s Commercial Crew Program. The tentative test launch date for the capsule was set for late 2017, but unfortunately, it was pushed back into May of 2018. Earlier in the year, Boeing also delayed its launch date to August 2018.
Crew Dragon during launch abort test | Credit: SpaceX
ELON MUSK REVEALS SPACEX’S MARS PLAN
Finally, at the end of September, Elon announced SpaceX’s plan to put a million people on Mars by the 2060s via its Interplanetary Transport System, also affectionately named BFR (“Big F*ing Rocket”).
Full Interplanetary Tranport System presentation in ~30 mins. Simulation preview: https://t.co/lKAxabzfKX
— Elon Musk (@elonmusk) September 27, 2016
A video was released prior to the September 27th, 2016 International Astronautical Conference announcement in Guadalajara, Mexico illustrating the full system concept. The animation was based on the actual CAD renderings in development, per Elon’s talk.
SpaceX ITS Stage 1 landing graphic | Credit: SpaceX
Plenty of goodies were revealed about SpaceX’s plans including the passenger habitat, entertainment intentions for travelers, and technical specifications surrounding the system’s size, engines, and fuel systems. While the presentation itself was exciting, many questions were still left unanswered such as more specifics on radiation dangers and the long-term effects of microgravity.
SUMMARY
Overall, 2016 brought a rollercoaster of successes and setbacks for SpaceX, but the business of rocket launching wasn’t expected to be an easy one. The phrase, “Rockets are hard” isn’t a simple excuse to explain away failures, but rather an accepted cost of being in the field.
Throughout the year, SpaceX has managed to maintain public and government faith in its mission to advance human space exploration despite any setbacks. In July, NASA ordered a second commercial crew mission from the company, and then they followed up in November with a contract to launch an Earth surface-water-analyzing satellite in 2021.
SpaceX also received a number of recognitions for its work environment and achievements, including making Glassdoor’s Top 50 Places to Work and being awarded the 2016 World Technology Award for space.
Oh, and if it seems all that isn’t enough for SpaceX to have on its plate, in November the company filed a request with the FCC to launch over 4,000 communication satellites as part of their goal of building a hi-speed satellite internet constellation.
There’s a lot to look forward to in 2017 and beyond. Onwards!
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”
