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SpaceX Crew Dragon, four astronauts set for brief flight around the space station
To set the stage for another Dragon launch just a few weeks from now, NASA astronauts are preparing to board a SpaceX Crew Dragon for a brief flight around the International Space Station (ISS).
Orbiting roughly 400 km (250 mi) above the Earth’s surface, the ISS and its crew of seven international astronauts have just two docking ports available to manage a growing influx of SpaceX Crew and Cargo Dragon 2 spacecraft, as well as Boeing’s chronically delayed Starliner. While Starliner hasn’t flown since a near-catastrophic orbital debut in December 2019 and isn’t likely to reattempt that uncrewed flight test until the second half of 2021, SpaceX is in the exact opposite position as it prepares to sustain an unprecedented Dragon launch cadence.
One challenge of that cadence ramp – space station port logistics and availability – is now becoming clear as SpaceX nears its next Crew Dragon NASA astronaut launch.
All launched on SpaceX Cargo Dragons, including a third destroyed during Falcon 9’s CRS-7 launch failure, the International Space Station has just two perpendicular International Docking Adapter (IDA) ports – one facing space and the other facing Earth. Regardless of CRS-7’s lost port, that IDA duo was always NASA’s plan.
The ISS requires the use of a huge, robotic arm (Canadarm2) to unload unpressurized cargo from spacecraft and that arm doesn’t have the mobility to access vehicles docked to the Earth-facing IDA port, meaning that cargo spacecraft with IDA ports can really only dock on the space-facing port. Cargo Dragon 2’s use of IDA docking and the Cygnus spacecraft’s use of berthing thankfully mean that neither NASA Commercial Resupply Services 2 (CRS2) vehicle is at risk of a traffic jam.
Sierra Nevada Corporation (SNC) is set to debut the cargo variant of its Dream Chaser spaceplane as early as 2022 for annual launches and will need to share that same lone IDA port with Cargo Dragon for its (approximately) annual resupply missions. More importantly, though, Crew Dragon and Boeing’s Starliner both require the use of one of those two IDA ports to deliver astronauts to and from the ISS. Both spacecraft are also expected to leave with the same crew that launched on them, meaning that both will spend a fully six or so months in orbit on each crew rotation mission.
In general, NASA also plans to overlap all Commercial Crew Program (CCP) astronaut launches, meaning that Crew Dragon will wait for Starliner to arrive (and vice versa) before departing the ISS with its four-astronaut crew. Those use-cases and safety requirements combine to create strict, complex scheduling challenges that mean a Cargo Dragon or Dream Chaser can never be docked to the ISS during a crew handover, while also adding significant constraints to any planned private astronaut (tourist) missions to the station – of which SpaceX already has at least one.
In the meantime, though Boeing’s Starliner is now at least 18 months behind SpaceX’s Crew Dragon on the path to launching NASA astronauts to and from the ISS, SpaceX is picking up the slack to the extent that station ‘traffic’ conditions are practically unaffected. Whereas NASA’s nominal plan was to alternate between its two redundant Commercial Crew providers before Boeing ran into huge delays, SpaceX is on track to launch Crew Dragon’s Crew-2 astronaut ferry mission as early as April 22nd.
The flight-proven Demo-2 Dragon will then rendezvous with the ISS while Crew-1’s Dragon and four astronauts are still aboard the station. Crew-1 and Crew-2 will spend about a week together before the former group boards their Dragon and heads for home. As few as six or so weeks later, SpaceX could launch its second Cargo Dragon 2 resupply mission, known as CRS-22. – This morning’s “port relocation,” which will see the Crew-1 Dragon will ‘relocate’ from the station’s Earth-facing IDA to its space-facing port, is thus necessary to free up that port for Cargo Dragon’s arrival when Crew-1 departs.
Barring major delays, SpaceX is currently on track to complete another two Crew and Cargo Dragon launches in 2-3 months, marking four Dragon missions in seven months if all goes to plan. Another three Dragon missions are firmly scheduled in 2021, potentially making for seven Dragon launches in 11-12 months if schedules hold. SpaceX’s current record – technically achieved twice in 2018 and 2019 – is five orbital Dragon missions in 12 months.
Tune in below around 6am EDT (UTC-4) to catch Crew Dragon C207’s brief 46-minute jaunt around the International Space Station (ISS) – a first for an American crewed spacecraft of any kind.
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”
