SpaceX
SpaceX CEO Elon Musk says Crew Dragon reusability a “major improvement”
SpaceX CEO Elon Musk says that the company’s next-generation Crew Dragon spacecraft is a “major improvement” over its Cargo Dragon (Dragon 1) predecessors after successfully demonstrating a number of reusability-focused upgrades during the vehicle’s launch and splashdown debut.
Even as SpaceX’s longer-term development groups aim to make the company’s Dragon spacecraft all but redundant with Starship and Super Heavy, the apparent success of Crew Dragon’s upgrades will be valuable for years to come. Ultimately, “major” improvements in reusability will allow SpaceX to reuse Dragon 2 far more efficiently, improving availability for both its Crew and Cargo programs and potentially cutting the operating cost and longevity of each spacecraft as the company begins to transition its workforce to BFR.
Although the question
As it turns out, many of the engineering solutions best known to ensure structural and thermal integrity of a spacecraft on-orbit are often at ends with the separate task of ensuring that the same spacecraft remains thoroughly water-proof through launch, reentry, and splashdown. Many of these problems center around the materials that are best for each solution. The sorts of polymers (i.e. plastics) best known for their roles in sealing certain things off from other things are frequently very pliable, soft, and flexible. The orbital environment is extremely unfriendly to polymers like this, where constant and extreme thermal cycling couples with vacuum, radiation, and something
A ‘brittle seal’, as many will know, is an oxymoron. Sealants that become brittle in space often scarcely behave like sealants at all after weeks (or months) in orbit, meaning that their ability to prevent moisture intrusion can be dramatically deteriorated. From an engineering perspective, Crew Dragon’s many seals and gaskets are first and foremost intended to protect the spacecraft from the elements while still on Earth, where static fire attempts and weather during launch windows could require it to weather extreme heat, cold, rainstorms, ice, and high winds. SpaceX engineers appear to have managed to solve the latter problem while also accounting for a need to protect the spacecraft after launch for the sake of easier refurbishment.
However, sealing the spacecraft from the elements – both before and after launch – is just one of many challenges for safe operations and efficient reusability. Up next, as Musk notes, is protecting Crew Dragon’s 16 Draco maneuvering thrusters and 8 SuperDraco abort thrusters from water damage, as well as sealing off vulnerable avionics for reuse. With respect to avionics, Musk is very likely referring to the electronics and sensing equipment housed under Dragon 2’s retractable nose cone, a new feature for SpaceX.
Due to the fact that Crew Dragon’s SuperDraco abort thrusters are only meant to be used in a namesake abort scenario, SpaceX appears to have chosen to implement a more permanent solution for protecting them from water intrusion after splashdown. The challenge of panels like those covering the SuperDracos is that they need to be easily destructible to prevent a cascade of high-velocity debris from wreaking havoc in the event of ignition. They also need to survive the conditions on orbit, make it through the heat and buffeting of reentry and
As such, it should come as no surprise to find CEO Elon Musk praising the engineering behind the presumably successful solutions to these complex problems, although credit is also due to the technicians that turned CAD files, test results, and aspirations into practical, functioning hardware.
If Crew Dragon can achieve a similar level of success after spending more like half a year in space during operational crew transport missions, the spacecraft’s reusability improvements will end up benefiting both Crew Dragon and Cargo Dragon 2. The Cargo variant of Dragon 2 is designed as a relatively minor modification to flight-proven Crew Dragon capsules and slightly-upgraded trunks and could debut as early as mid-2020 after Cargo Dragon 1 enters retirement.
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SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.
Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.
The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.
Watch Falcon 9 launch 24 @Starlink satellites to orbit from California https://t.co/meDwb05qOE
— SpaceX (@SpaceX) June 15, 2026
This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.
The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.
As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.
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Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.
SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.
Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.
As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
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This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.
Elon Musk
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX surged 19% on its first trading day as Musk projected $1 trillion revenue by 2030.
Just days after SpaceX stock pushed its market cap past $2 trillion on its first trading session, closing at $160.95, a 19% gain on the $135 IPO price, Elon Musk posted his own revenue projection on X that went well beyond anything Wall Street modeled. “I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk wrote, then followed up: “And I would be surprised if revenue is not greater than $1T in 2031.” That forecast sits roughly three times above the most bullish institutional estimate on the table.
Morgan Stanley, one of the lead underwriters, projects SpaceX revenue of $160 billion in 2028, $330 billion in 2030, and $3.4 trillion by 2040, with adjusted EBITDA projected to exceed $2.7 trillion at that point. Reaching those numbers from SpaceX’s $18.7 billion in 2025 revenue requires a compound annual growth rate of roughly 42%, which would outpace even Amazon’s fastest growth era. Morgan Stanley’s model places AI infrastructure as the heaviest revenue driver, projecting $190 billion from SpaceX’s AI business alone by 2030. That figure is anchored to xAI’s Grok platform and the Colossus supercomputer following the earlier merger.
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The government revenue pipeline provides a more predictable foundation under those projections. As we have previously reported, SpaceX holds at least $22 billion in cumulative federal contracts across NASA, the Space Force, the NRO, and the Space Development Agency, with 52 active contracts carrying $11.8 billion in remaining value. The NASA Artemis Human Landing System contract alone is valued at $4.04 billion, covering a second crewed lunar landing demonstration targeted for the Artemis IV mission. SpaceX is also a frontrunner for the Golden Dome missile defense shield, and the FAA has approved up to 44 Starship launches from LC-39A in 2026, setting the stage for Starship to become the backbone of both commercial and government heavy lift. Whether Musk’s $1 trillion number proves visionary or simply optimistic, the infrastructure to get there is already being funded.
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