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SpaceX’s next West Coast Falcon 9 landing could be decided by baby seals
SpaceX and the Canadian Space Agency (CSA) have – at long last – officially announced a launch date for the Radarsat Constellation Mission (RCM), a ~$1B trio of Earth observation satellites.
Delayed from November, February, March, and May, RCM is now scheduled to launch on a flight-proven Falcon 9 booster from California’s Vandenberg Air Force Base (VAFB) no earlier than June 11th. The three flight-ready spacecraft were shipped from Canada in September 2018 and have now been awaiting launch in a Southern California storage facility for more than half a year. The blame for such an egregious delay can be largely placed on SpaceX, but CSA and launch customer Maxar Technologies are also partially responsible. On a lighter note, the location of RCM’s subsequent Falcon 9 landing might end up being decided by seal pupping – baby harbor seals, in other words.
Although RCM’s slip from 2018 to 2019 remains unexplained, the mission’s journey from mid-February to mid-June is a different story. Still, next to nothing is publicly known about the process SpaceX launch customers go through after contracts have been signed, particularly with respect to how Falcon boosters are assigned to missions. This is further stymied by the fact that – to date – the ~$1 billion RCM is probably the most valuable payload SpaceX has ever attempted to launch, making it a clear outlier. But, as they say, “damn the epistemological torpedoes!”
Rocket logistics hell
RCM’s logistical hell and ~6 months of delays began on December 5th, 2018 when Falcon 9 Block 5 booster B1050 – having just completed its inaugural launch debut – experienced a hydraulic pump failure. The first of its kind, B1050’s pump failure killed grid fin control authority and forced the booster to abort into the Atlantic Ocean, where it somehow pulled off a landing soft enough to leave the rocket almost entirely intact. Even more surprisingly, B1050 was safely towed back to port, lifted onto dry land, and shipped off to one of SpaceX’s many Florida hangars for inspection.
Despite its near-miraculous survival, B1050 was immediately removed from SpaceX’s fleet of flightworthy boosters. Set to become the least flight-proven flight-proven Block 5 booster yet after supporting a low-energy Cargo Dragon mission, SpaceX and CSA/Maxar had apparently reached an agreement to launch RCM on B1050.2. Despite the availability of other boosters at the time, all available cores had completed two launches (B1046, 47, and 48) or were assigned to a second launch in the near-term (B1049). This is the only rational explanation for the delays that followed.
B1049 completed its second launch in mid-January 2019 and has since floated around various SpaceX facilities while waiting for its third mission. Had CSA/Maxar been okay with a twice-flown Falcon 9, B1049 could have likely supported RCM’s launch as early as March or April. Instead, the customer – as was apparently their right – concluded that being a booster’s third launch would be an unacceptable risk, whereas launching on a once-flown booster was acceptable. The only possible solution to those demands was to manifest RCM on Falcon 9 B1051, assigned to Crew Dragon’s launch debut.
Quite possibly the worst booster one could pick for schedule preservation, Crew Dragon’s launch debut slipped – to the surprise of very few – from January to February and finally to March 3rd. B1051 launched, landed without issue, and returned to Port Canaveral a few days later, where it was transported to Pad 39A for refurbishment. The relatively gently-used booster required a bit less than 8 weeks of inspection and refurbishment before being packaged and shipped to California near the end of April (see above). By now, B1051 is likely safely inside SpaceX’s SLC-4E integration hangar, preparing for upper stage integration and a routine pre-launch static fire test.
In short, an untimely Falcon 9 anomaly and customer preferences conspired to delay the launch of Canada’s Radarsat Constellation Mission by nearly four months, from February 18th to June 11th. With any luck, the mission’s flow will be issue-free and suffer no additional delays.
FCC launch communications licenses currently show that SpaceX plans to return Falcon 9 B1051 to the launch site (RTLS) after launch, rather than landing aboard drone ship Just Read The Instructions (JRTI). With a total launch mass likely around 5000 kg (11,000 lb), Falcon 9 should easily be able to manage a RTLS recovery. However, SpaceX’s West Coast LZ-4 use permit prevents the company from landing rockets at the pad during harbor seal pupping season, typically March thru June. The sonic booms and noise generated during Falcon 9’s spectacular landings might end up stressing endangered harbor seals, potentially causing parents to abandon their seal pups in confusion. As such, JRTI may be forced to get some exercise after spending almost five months in port. Anything for the baby seals!
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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”
