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SpaceX and NASA reaffirm Crew Dragon’s January 2019 launch debut target
After what can only be described as an attempt to sandbag the official launch schedule, NASA administrator James Bridenstine remains alone in his public implication that the date for SpaceX’s first Crew Dragon test flight (DM-1) is so uncertain that “the first half of 2019” was the closest he would get to an estimate.
Such an uncertain estimate would normally be par for the course of NASA’s Commercial Crew Program (CCP), but the fact remains that SpaceX and NASA have recently filed for and received specific launch date allotments for Crew Dragon’s DM-1 launch, dates little more than 4-6 weeks away from today.
At the NAC HEO meeting, Bill Gerstenmaier says the SpaceX Demo-1 mission is planned “towards the end of January.”
— Jeff Foust (@jeff_foust) December 6, 2018
As such, the fact that NASA associate administrator Bill Gerstenmaier – a critical hands-on leader of NASA’s commercial and exploration programs – specifically stated that NASA and SpaceX are targeting DM-1’s launch in January is an unusually stark indication that the two senior NASA officials are not reading from the same script, so to speak. The reasons for the dramatic differences in official statements separated by just one week are hard to parse and would inevitably tread into waters of pure speculation and political machinations.
What is far more important is that Gerstenmaier – backed up by Phil McCalister, NASA Director of Commercial Spaceflight – reaffirmed that NASA is planning for the first orbital, uncrewed launch of SpaceX’s Crew Dragon as early as January 2019, albeit with a slight 10-day slip since the last specific launch date (January 7) was announced.
Speaking before and after Falcon 9’s recent launch of Cargo Dragon (CRS-16) on December 5th, SpaceX VP of Launch and Build Reliability Hans Koenigsmann added yet another voice to the chorus, stating that he and SpaceX were extremely confident that all the physical hardware and software aspects of Crew Dragon would be ready to launch no later than January 7th.
NASA’s Phil McAlister updates the status of SpaceX’s Demo-1 Crew Dragon spacecraft, and says the company aims to have all hardware ready by Dec. 20, then will stand down for the holidays before resuming launch preps in January. pic.twitter.com/XDubh95PEV
— Stephen Clark (@StephenClark1) December 6, 2018
Why so uncertain?
It’s impossible to fully delve into the complex political and bureaucratic intricacies of modern NASA, but the uncertainty within NASA and the deltas between NASA and SpaceX’s official statements can generally be explained by the simple fact that a number of critical final reviews have yet to be completed, reviews that will offer the final determination of when or if Falcon 9 and Crew Dragon are ready to launch.
Depending on the results of those readiness reviews, DM-1 could be given the go-ahead to launch in January or it could be delayed six months because NASA wants SpaceX to change a number of critical spacecraft systems, two extreme sides of what can be best described as a spectrum of possibilities.
In other words, SpaceX’s Koenigsmann and NASA’s Gerstenmaier and McCalister have since implied that they are confident that those final reviews will look favorably upon launch dates that approximate “ASAP”. Bridenstine, while technically the head of NASA, can thus be treated as a dissenting or outlier opinion in this case, presumably offering a worst-case-scenario of when SpaceX might be able to launch DM-1 if final reviews go very badly.
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- SpaceX technicians move the integrated DM-1 Crew Dragon during a vacuum chamber test campaign. (SpaceX)
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- A SpaceX employee works on the Crew Dragon assigned to DM-2, the first launch with astronauts aboard. (SpaceX)
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- SpaceX installed its Crew Access Arm (CAA) in September 2018. (Tom Cross)
Bridenstine and Koenigsmann’s comments are worth looking at in a bit more depth, subtly but unequivocally pointing to the differences in opinion between NASA and SpaceX that clearly still float just beneath the public surface. Asked about Bridenstine’s suggestion that DM-1 could slip quite a bit, Koenigsmann offered a skeptical but levelheaded response:
“What I could see is a [slip of a] couple of days because of [Space Station] traffic. For example, CRS-16 (Cargo Dragon) is on station at the same time, lots of traffic, lots of crew time requirements, but our target is – at this point in time – mid-January, and we’re pushing as hard and [as diligently] as we can for this particular launch.”
In fact, it appears that NASA and SpaceX concluded, around the same point in time, that a new target of January 17th was preferable to account for the logistical scheduling concerns highlighted by Hans in the above quote, allowing 10 extra days for the International Space Station (ISS) crew to complete other spacecraft operations before Crew Dragon’s planned arrival.
Even more intriguingly, local reporter Ken Kremer followed up with a question specifical triggered by Bridenstine’s suggestion (according to USA Today) that “challenges” with Crew Dragon’s landing parachutes were a leading factor in the unlikelihood of a January launch. Hans responded in his usual deadpan style:
“No; we’re working through issues, obviously, I mean every launch has things that we work through to make sure they work fine. [Dragon 2’s parachutes] actually have more redundancy than those on Dragon 1 and they are also [structurally] reinforced on Demo-1, so pretty sure [they’re] gonna be successful.”
Now we wait.
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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”
