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SpaceX set for first private astronaut launch to the International Space Station
Update: SpaceX has successfully fired up Falcon 9 booster B1062 and confirmed that Crew Dragon’s second private astronaut launch is on track to lift off at 11:17 am EDT (15:17 UTC) on Friday, April 8th. SpaceX’s live coverage will begin about three hours prior.
A flight-proven Falcon 9 rocket and Crew Dragon spacecraft have rolled out of SpaceX’s Kennedy Space Center (KSC) Pad 39A hangar and been raised vertical ahead of the company’s second private astronaut launch.
Known as Axiom-1 or Ax-1, the mission – managed by third-party provider Axiom Space – aims to be the first fully private crewed launch to the International Space Station (ISS). That means that Ax-1 will launch a crew of private astronauts from a privately-operated launch site with a privately-owned rocket and spacecraft, all with zero direct government impetus or funding. Of course, the situation is a bit more complex just beneath the surface.
The focus of Axiom-1’s crew is three ultrawealthy customers:
- Larry Connor: Ax-1’s pilot and an entrepreneur who accrued his wealth through real estate
- Eytan Stibbe: a venture capitalist and former fighter pilot who could become the second Israeli astronaut ever
- Mark Pathy: CEO of Canadian investment and shipping companies
Each paying $55 million for the ten-day journey and eight-day stay at the International Space Station (ISS), Connor, Stibbe, and Pathy are bankrolling the mission. Crew Dragon’s fourth Ax-1 passenger, however, is Michael López-Alegría, a retired four-time NASA astronaut turned private (space) pilot who now works for Axiom Space.
Launch Complex 39A was originally built and operated by NASA from the 1960s to 2011 before it was leased to SpaceX in 2014. The development of the first versions of SpaceX’s Falcon 9 rocket and Dragon spacecraft were heavily funded by NASA in the late 2000s. After SpaceX won a competitive $3.1 billion contract alongside Boeing, which received $4.8 billion to achieve the same goals, NASA has almost exclusively funded Crew Dragon’s development and is (for now) its main customer. Finally, alongside Russia’s space agency, NASA has invested tens of billions of dollars to build, launch, assemble, crew and maintain the International Space Station for around three decades.
Calling Ax-1 “fully private” is thus more of a half-truth than the full reality. Nonetheless, the fact that SpaceX has significantly benefitted from NASA funding and resources – a vast majority of which it earned competitively – should not take away from SpaceX’s extraordinary merit and achievements. While NASA provided most of the resources, Falcon 9 and Crew Dragon are almost exclusively designed, built, and operated by SpaceX and SpaceX alone. SpaceX mainly provides services to NASA, which means that NASA is ultimately closer to a customer with refined taste and the final say than a second chef in the proverbial kitchen.
Axiom-1 demonstrates that well. Save for NASA benefitting from any data gathered from the mission and making relatively minor preparations for the private astronauts’ eight-day stay at the ISS, SpaceX will control and be responsible for almost every aspect of the launch.
Barring delays, Axiom-1 is scheduled to launch no earlier than (NET) 11:17 am EDT (15: 17 UTC) on Friday, April 8th. Prior to liftoff, the SpaceX and the Axiom crew must complete a “dry dress rehearsal” early on April 6th, replicating all the preparations needed for a launch up to the start of propellant loading. Later the same day, SpaceX intends to perform an integrated static fire test with Falcon 9 and Crew Dragon. If any issues arise during those tests, the launch date may be pushed back.
Crew Dragon is expected to finish docking with the ISS about 20 hours after liftoff, giving the Ax-1 crew a little over eight full days at the ISS before they’ll need to board Dragon and return to Earth. If the weather forecast for landing zones looks particularly bad or good leading up to undocking, SpaceX and NASA withhold the ability to expedite or delay the departure.
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”
