News
SpaceX’s Crew Dragon astronaut mission officially extended by NASA
With less than a month to go before NASA’s first crewed launch in nearly a decade, the space agency is still mulling over the details. On May 27, Bob Behnken and Doug Hurley will strap into their Crew Dragon spacecraft and blast off towards the International Space Station. During their stay, the duo will assist fellow NASA astronaut, Chris Cassidy, in maintaining the station as well as conducting several research experiments.
But how long the duo will remain on the station is still up in the air. NASA held a series of briefings on Friday, May 1, detailing the historic mission and how it would work. Hurley and Behnken will launch from Pad 39A at Kennedy Space Center at 4:32 p.m. EDT (20:32 UTC), and dock with the space station 24 hours later.
The exact length of that mission will be determined during their time in space. “It is a trade-off,” Kirk Shireman, NASA ISS program manager said during the news briefing, “between getting the spacecraft back quickly to complete its certification and providing additional crew time on the station for maintenance and research.”
The Demo-2 mission is a test flight. NASA and SpaceX will be using the mission to certify the Crew Dragon spacecraft for regular use to and from the station. So during this flight, the crew will try their hands at manual control and will test and monitor on boars systems during the significant phases of flight: launch, on orbit, and during re-entry.
Once the vehicle has completed its objectives successfully, it will be certified for a crewed flight. Currently, SpaceX is nearing completion on the next Dragon spacecraft, which will ferry four astronauts to the station for a long-duration mission. During the news briefings, SpaceX COO Gwynne Shotwell announced that the spacecraft for that mission is nearing completion and should arrive in Florida in the next couple of months.
Shireman said that the length of the Demo-2 mission was directly tied to that vehicle’s progress. “What we would like to do, from a station perspective, is to keep them on orbit as long as we can until that Crew-1 vehicle is just about ready to go, bring Demo-2 home, allow that certification work to be completed and launch Crew-1,” he said.
Steve Stich, NASA’s deputy manager of the commercial crew program, said that at minimum, the DM-2 crew would stay on orbit about a month. Their maximum stay would be no more than 119 days, due to the potential degradation of the Dragon spacecraft’s solar panels.
Solar panels are how spacecraft get their power while on orbit, and the sensitive components within the hardware degrade over time thanks to the harshness of the space environment. While it’s on orbit, ground control teams will “wake up” the spacecraft once a week to perform health checks and test the solar array’s performance.
“We would like to fly a mission that is as long as we need to for a test flight, but also support some of the space station program needs,” Stitch said.
Originally, Behnken and Hurley were expected to have a much shorter time on orbit. However, NASA officials said they started to explore the possibility of extending their mission six months ago to ensure there were enough astronauts onboard the space station to keep the orbital outpost in top shape. This year the agency is celebrating 20 years of continuous human presence on the space station, and NASA would like to ensure its continuation into the future.
To that end, Behnken and Hurley have spent significant time training to refresh themselves on station systems as well as prepare the potential spacewalks. A new shipment of batteries is scheduled to arrive on station a few days before Behnken and Hurley, and it’s possible that Behnken could be asked to conduct a spacewalk, along with Chris Cassidy.
The top priority for Behnken and Hurley will be to thoroughly check out the Crew Dragon’s systems, followed closely by relieving Chris Cassidy. “There’s a lot of work and activity that can be done in the U.S. segment; certainly more than one person can accomplish on their own,” Behnken explained during a later briefing.
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”
