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SpaceX prepares for space station supply mission as secret Zuma launch postponed
Zuma patiently awaits a new launch date
Just shy of two weeks ago, SpaceX announced the discovery of unspecified problems with a Falcon 9 payload fairing during routine quality assurance (QA) testing at the company’s Hawthorne, CA factory. The launch of Zuma, a deeply mysterious satellite with no clear manufacturer or customer, was subsequently delayed indefinitely, pending the results of an internal investigation into the aforementioned fairing defects.
Several days after SpaceX’s Zuma announcement, the Falcon 9 booster, second stage, and payload (often referred to as the “stack”) were rolled back into the pad facilities at LC-39A, verifying that a delay of at least several days would follow. This delay was both confirmed and denied in a confusing manner, with the Cape’s 45th Space Wing appearing to suggest that Zuma would not be impacted by a preplanned range closure in late November, although journalist Irene Klotz reported that Zuma was delayed until December, when maintenance was scheduled to end.
SpaceX’s mysterious Zuma payload and Falcon 9 1043 seen before stormy Florida skies. (Tom Cross/Teslarati)
All things considered, the month of November has been an unusually chaotic period for SpaceX and the Space Coast, and the chaos has almost certainly been exacerbated by the intense secrecy surrounding Zuma. As the sum total of publicly available information, these details indicate that SpaceX employees discovered a systemic defect or defects in recently-manufactured fairings, serious enough to indefinitely ground the company’s commercial launches. However, SpaceX recently opened press registration for the Iridium-4 mission, still apparently scheduled for launch on December 22 and further corroborated by the CEO of Iridium Communications, hinting that that mission’s fairing either predates the scope of the fairing investigation, or that the investigation and fairing groundings have arisen out of an abundance of caution above all else.
A Dragon stretches its wings
More importantly and perhaps more logically, SpaceX’s next Cargo Dragon mission to the International Space Station – CRS-13 – has not been directly impacted by fairing problems; Dragon missions do not require fairings. The CRS-13 mission, currently aiming for a static fire on November 29 and launch on December 4, will be exceptional for a number of equally thrilling reasons. In no particular order: CRS-13 will mark the first NASA-approved reuse of a Falcon 9’s first stage, in this case with the added aesthetic bonus that the Dragon will reach orbit aboard the same booster that launched CRS-11’s Dragon almost exactly six months prior, June 3 2017. Equally exciting, CRS-12 marked the final new Cargo Dragon launch, and CRS-13’s Dragon is a refurbished spacecraft, having previously flown the CRS-6 mission in late 2015.
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- The CRS-6 Cargo Dragon being mated to its Falcon 9 launch vehicle in 2015. (SpaceX)
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- This exact Dragon has been recovered from orbit, refurbished, and is now prepped and ready for another orbital mission on December 4th. (SpaceX)
Rather poetically, CRS-11 marked the first commercial reuse of an orbital spacecraft, and the booster that launched that mission, Falcon 9 1035, will now fly once more to lift the second-ever reused Dragon into orbit. If all goes as planned, SpaceX’s CRS-13 mission will arguably be the most-reused orbital-class mission in the history of spaceflight, with only the second stage and Dragon’s trunk being both new and expendable. Both the booster and Dragon likely required a fair amount of refurbishment, but if Elon Musk’s June 2017 statements remain accurate, SpaceX has probably progressed far along the reusability learning curve. Quoting Elon Musk and myself at the ISS R&D Conference in July 2017:
Musk said he expects the next Dragon reuse and all future reuses to save the SpaceX nearly 50% of the cost of manufacturing an entirely new spacecraft. Musk admitted that the first refurbishment of Dragon likely ended up costing as much or more than a new vehicle, but this is to be expected for the first attempt to reuse any sort of space hardware that must survive some form of reentry heating and saltwater immersion.
Indeed, CRS-13 will in fact be “the next Dragon reuse” after CRS-11’s success. If the spacecraft’s refurbishment does manage save SpaceX anywhere near 50% of the cost of manufacture, the mission will be an extraordinary accomplishment, above and beyond the already intense difficulty of refurbishing and reflying a several-ton (~4000kg empty) orbital spacecraft.
LC-40 pad repairs near completion
Even after the reuse of both the Dragon and Falcon 9 booster, CRS-13 will lay host to yet another milestone for SpaceX as the first mission to launch from the newly repaired Launch Complex-40 (LC-40), after the pad suffered widespread damage from a Falcon 9 failure during preparations for the launch of Amos-6. Little is known on the specifics of the damage suffered, but repairs have taken no less than 14 months and at a minimum required the fabrication, assembly, and qualification of entirely new Ground Support Equipment (GSE).
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- Based on photos posted to social media, LC-40’s new TEL will be considerably different than the 39A’s white monolith, likely closer in form to the original it is to replace (seen here). (SpaceX)
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- The TEL seen at LC-39A in early 2017. (SpaceX)
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- LC-39A’s TEL and Falcon 9 seen before the launch of SES-11 in October 2017. (Tom Cross/Teslarati)
Under the umbrella of GSE are thousands of feet of precisely machined and welded piping and pumps, a new launch mount and transporter-erector-launcher (TEL) to carry Falcon 9 out of the integration facilities, the repair or complete removal and replacement of a huge volume of scalded concrete, and the repair or replacement of likely dozens or hundreds of other miscellaneous components destroyed in the intense fire that followed the Amos-6 incident. Nevertheless, as spotted on a social media platform by the author, the aforementioned TEL and launch mount were shown going vertical just a handful of days ago, further evidence that LC-40 is once again rapidly marching towards operational status.
The long-awaited reactivation and return to operations at LC-40 is itself arguably the most critical path ahead of Falcon Heavy’s inaugural launch, and modifications to the pad and TEL have restarted in light of Zuma’s indefinite delays, with SpaceX’s ever-productive and heroic ground crew taking advantage of extra down-time between launches. With Zuma now ~11 days past its scheduled launch date, the mission’s delay will likely result in additional delays to Falcon Heavy’s inaugural launch, which was reported to be aiming for ~December 29. This deep of a delay might also necessitate the transfer of Zuma’s launch from LC-39A to LC-40, depending on the customer’s flexibility and SpaceX’s own needs. Time will tell, and in the meantime, the mystery of Zuma and wondrous accomplishments of CRS-13 ought to sate the launch withdrawals of SpaceX fans for the time being.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
