News
SpaceX’s third Falcon 9 launch in 31 hours aborted by “tiny helium leak”
SpaceX’s third Falcon 9 launch in a little over 31 hours was called off seconds before liftoff after the rocket’s onboard computer detected what Elon Musk says was a “tiny helium leak.”
SpaceX takes “no risks with customer satellites,” per the CEO, so the company has stood down from its October 6th launch attempt to inspect the rocket, analyze data gathered from tonight’s attempt, and ensure everything is in order. Barring surprises, SpaceX will attempt to launch Intelsat’s Galaxy-33 and Galaxy-34 geostationary communications satellites at the next earliest opportunity, a 69-minute window that opens at 7:06 pm EDT (23:06 UTC) on Friday, October 7th.
The abort ends an opportunity SpaceX had to launch three Falcon rockets faster than ever before, but the company was still able to crush a different (internal) record with two Falcon 9 launches in seven hours on October 5th. Thanks to its relentless pursuit of ever-higher launch cadences, SpaceX will likely have many opportunities to break its record of three launches in ~36 hours over the next several months.
Intelsat’s Galaxy-33/Galaxy-34 (G33/G34) mission would have been SpaceX’s third Falcon 9 launch in 31 hours and 20 minutes following the successful October 5th launches of Crew-5 (carrying four astronauts) at 12:00 pm EDT and Starlink 4-29 (deploying 52 Starlink satellites) at 7:10 pm EDT. The hat-trick record for a non-SpaceX vehicle appears to have been previously held by the Soviet R-7 rocket family, which completed three launches in 40 hours in March 1978.
SpaceX broke that record in June 2022 when it launched Starlink 4-19, SARah-1, and Globalstar FM15 a little over 36 hours apart. It will now have to wait for another opportunity to break its own record, though it likely won’t be too long as the company continues to target 60 launches in 2022 and “up to” 100 launches in 2023.
According to a SpaceX launch controller, Falcon 9’s first ill-fated Galaxy-33/Galaxy-34 launch attempt was aborted automatically when the rocket’s flight computer “identified higher than expected cryo helium decay.” SpaceX’s Falcon rockets burn a combination of cryogenic liquid oxygen and chilled rocket-grade kerosene (RP-1), but they carry composite overwrapped pressure vessels (COPVs) filled with high-pressure helium gas to keep their propellant tanks pressurized as they’re drained. If SpaceX’s much larger Starship rocket shares some similarities, the company may also use a system of “helium injection” [PDF] inside Falcon 9 to keep its cryogenic oxygen and chilled kerosene as cold as possible. Musk later simplified the cause of the abort to a “tiny helium leak,” but the location of the leak (inside or outside of the rocket) was not specified.
Two hours before that, the Crew Dragon spacecraft SpaceX launched the day prior successfully docked with the International Space Station (ISS), delivering its ‘payload’ of four professional astronauts to the orbital outpost. One of those passengers is Russian cosmonaut Anna Kikina, marking the first time an American spacecraft has ferried a Russian to the ISS in almost 20 years. That milestone has unfortunately been muddied and overshadowed by the country’s illegal, genocidal, and increasingly suicidal invasion of Ukraine.
Crew-5 is the seventh Crew Dragon to successfully transport astronauts to the ISS and SpaceX’s eighth crewed launch overall since May 2020. Flying for the second time, Crew Dragon capsule C210 docked on its first try after a smooth 29-hour rendezvous. About a week from now, another crew of four astronauts will board a different Crew Dragon spacecraft and return to Earth, handing off the ISS to Crew-5 and ending SpaceX and NASA’s Crew-4 mission.
SpaceX is scheduled to launch at least one more batch of astronauts for NASA in March or April 2023, meaning that the company is expected to singlehandedly ensure NASA access to the ISS for almost three full years. At the start of the Commercial Crew Program and for most of its development, NASA intended for partners SpaceX and Boeing to alternate, but Boeing’s Starliner spacecraft is years behind schedule.
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”
