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SpaceX moving fast on Mars rocket development, BFR tent spied with more tooling
Photos taken by Teslarati photographer Pauline Acalin have confirmed that SpaceX’s massive Mars rocket fabrication tooling has been hiding in plain sight at the company’s Port of San Pedro tent facility.
Spotted inside the temporary structure thanks to open flaps and a human desire for a breeze amidst the warm Los Angeles springtime, the main cylindrical component is truly vast – large enough that the eye almost glazes over it at first glance. Dwarfing the humans clambering about it, very rough estimates using knowledge of the tent’s reported area (20,000 square feet) and size comparisons with machinery blueprints suggest a diameter of around 8-10 meters (26-36 feet), loosely conforming to the expected 9m diameter of BFR, as of CEO Elon Musk’s IAC 2017 update. Recently, however, President Gwynne Shotwell showed off an updated Mars rocket video at TED2018 that led to Musk hinting that BFR may have grown slightly since then.
SpaceX’s massive BFR manufacturing tool peeked out from the company’s Port-side tent facility. (Pauline Acalin)
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- SpaceX’s BFR tent and mandrel, caught on April 14th. (Pauline Acalin)
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- Like, really big. (Pauline Acalin)
The massive cylindrical structure teased by Musk earlier this month is most likely a mandrel, a tool that can be spun on its horizontal axis to weave predetermined structures. In the case of the Mars rocket mandrel, it will likely be used to carefully wind dozens or hundreds of layers of carbon fiber (known as prepreg), interspersed with layers of laminate and various epoxies and resins. It’s also possible, however, that the massive tool is instead a multipurpose mold and autoclave, where the composite layers would be lain on the inside of the cylinder, allowed to set, and eventually sealed inside and heat/pressure treated.
Images of the machinery are fairly ambiguous: they show a structure that could have connection points one might find on an autoclave, as well as what appears to be a thick and well-insulated internal wall. However, the external skin appears to be a relatively thin sheet of metal, which would point more towards a traditional composite mandrel, where certain sheets could be removed or modified as needed to create desired shapes in the composite while it’s being formed, less risky than machining a completed segment.
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- Just a casual line of car-sized steel segments hanging around outside the BFR tent. (Pauline Acalin)
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- While unclear, these are likely sections of a layup or mold that will be used to form BFR’s more complex composite components. (Pauline Acalin)
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- Shown is the forward fuselage of the 787 on a mandrel for composite weaving and layup.(Boeing)
Perhaps even more interesting, a number of massive metal structures were spotted just outside of the tent. While it is unclear what exactly their purpose was, is, or will be, it’s more likely than not that they are components of a carbon composite mold or layup structure meant to deal with fabrication of certain Mars rocket and spaceship components with complex curves, versus the relatively simple cylinders that BFR and BFS are largely comprised of. Still, precedents exist in large aerospace composite manufacturing for the fabrication of structures with complex curves, most notably the nose and front sections of airliners like Boeing’s 787.
Finally, it’s worth noting just how shockingly busy the BFR tent was on both April 13th and 14th, as well as the 8th (the first day Pauline visited the facility). With upwards of 40 cars parked at the tent, it’s blindingly clear that SpaceX is not simply using the tent as a temporary storage location – alongside the arrival of composite fabrication materials (prepreg sheets, epoxy, etc) from Airtech International, SpaceX undeniably intends to begin initial fabrication of the first BFR prototypes in this tent, although they will likely eventually move the activities to the Berth 240 Mars rocket factory. That’s certainly not a sentence I ever expected to write, but it is what it is.
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- Airtech supplies arrive at the BFR tent on April 14. Airtech is a composites supplier with a branch located just miles away from Port of San Pedro. (Pauline Acalin)
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- Lots of cars at the BFR tent. This also provides a sense of scale for the tent’s absolutely massive access flaps. (Pauline Acalin)
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- April 2018. (Pauline Acalin)
SpaceX’s giant, temporary tent currently housing the company’s BFR/BFS fabrication tooling while their permanent facility awaits construction a couple miles away. #SpaceX #BFR pic.twitter.com/a8Tj6QLmUz
— Pauline Acalin (@w00ki33) April 15, 2018
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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”
