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SpaceX gears up for Crew Dragon’s first recovery with a giant inflatable cushion

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Paired with observations and comments from sources familiar with the company, all signs seem to indicate that SpaceX is planning to recover their first Crew Dragon spacecraft with a giant inflatable cushion, to be towed a hundred or so miles off the coast of California by one of the company’s Port of LA-stationed recovery vessels.

Despite a minor mishap during some sort of inaugural sea-trial of a custom Crew Dragon mass simulator, SpaceX technicians are pushing ahead with a test campaign intended properly characterize exactly how to best recover a Dragon while side-stepping around the problems caused by seawater immersion.

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Why recover your Dragon?

First off, why would SpaceX choose to develop a new method of Dragon recovery – different than the company’s current experience with simply landing the capsules in the ocean – with the expectation that it will debut during the recovery of Crew Dragon after its very first demonstration mission (DM-1)? A huge number of unknowns and major questions remain, but the decision to attempt to avoid seawater immersion during the DM-1 Dragon recovery is very likely no coincidence.

Over the last several years, SpaceX engineers and technicians have learned a huge amount from recovering, refurbishing, and even reusing Cargo Dragons to resupply the International Space Station for NASA. Of all the lessons learned, the most unequivocal has to be a newfound appreciation for just how difficult it is to safely and reliably reuse spacecraft and rocket components after landing and being immersed in seawater. Despite SpaceX’s growing experience with reusing both Falcon 9 and Cargo Dragon, Dragons still typically require a bare minimum of 6-12 months of refurbishment before they are ready for another launch.

For Crew Dragon’s DM-1 debut, it thus makes sense that SpaceX wants to recover the spacecraft in such a way that it is exceptionally easy to rapidly refurbish. Perhaps just several months after that capsule returns to Earth, currently expected no earlier than December 2018, SpaceX’s first crewed Crew Dragon demonstration’s tentative April 2019 launch debut will depend entirely on the completion and review of an In-Flight Abort (IFA) test planned just one month prior, March 2019.

The planned IFA test of Crew Dragon hinges entirely on DM-1 and Dragon refurbishment because the present plan (and launch schedule) absolutely depends on reflying DM-1’s Crew Dragon capsule, potentially recovered from orbit as few as three months prior.

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Crew Dragon completed a successful pad-abort test in 2015. (SpaceX)

With a successful 2015 Pad Abort already under Crew Dragon’s belt, SpaceX voluntarily chose to conduct an additional complimentary in-flight abort not explicitly required by NASA, designed to demonstrate that Dragon will be able to safely extract astronauts from a failing rocket at the point of peak aerodynamic pressure (Max-Q). Essentially, a combination of successful aborts both on the launch pad and during Max-Q would theoretically demonstrate beyond any reasonable doubt that Crew Dragon really is capable of safely aborting a launch and protecting its astronauts at any point during launch.

Cargo Dragon has demonstrated that – apparently – no amount of heroics can refurbish the recovered spacecraft in just a small handful of months after seawater immersion, not without major changes to its design. As such, preventing that with some sort of inflatable cushion (or even Mr Steven’s net) would likely save many months of drying, cleaning, and requalification testing of all externally impacted components.

How to recover your Dragon

While the “why” is fairly obvious at this point, the “how” of actually making such a cushioned recovery happen is far less clear. Still, we at least know from several recent comments from SpaceX CEO Elon Musk and statements made in environmental impact analyses that the company has been considering such recoveries for some time.

Despite the fact that Crew Dragon’s original propulsive landing capability was nixed due to the unlikelihood of NASA ever certifying it for crewed landings and the expense required to attempt that certification, there is still clearly some latent interest (and value) in precisely landing Crew Dragon, even if only to speed up capsule and crew recovery after splashdown. A March 2018 preliminary environmental impact analysis of Gulf of Mexico Dragon recoveries – as a backup to bad weather in the Pacific and Atlantic – made the interest in precision exceptionally clear.

“The splashdown zone is a circle with a radius of approximately 5.4 nautical miles. … Dragon has been designed to perform precision landings in order to minimize the size of the splashdown zone and recovery time.”

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Admittedly, a circle with a diameter of 10.8 nautical miles (20 km) does not exactly scream “precision” and ~20 km is likely around a thousand times less precise than what’s needed to land on the 30m-diameter inflatable structure present at Berth 240, but it’s probable that the splashdown zone as discussed is a worst-case scenario meant to give SpaceX’s recovery team plenty of wiggle room.

 

Musk also took a few seconds of a Falcon Heavy post-launch press conference to briefly describe Mr Steven, and he just so happened to touch on fairing and Dragon recovery:

“And we’ve got a special boat to catch the fairing. … It’s like a giant catcher’s mitt in boat form. I think we might be able to do the same thing with Dragon. So…if NASA wants us to, we can try to catch Dragon. Literally, it’s meant for the fairing, but it would work for Dragon, too.” – Elon Musk

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Mr Steven takes one for the team

Even more experimental than fairing recovery, SpaceX happened to experience a minor incident while attempting to test aspects of its prototype Dragon catcher apparatus in early August. Partially captured by Teslarati photographer Pauline Acalin, SpaceX technicians were lifting a Crew Dragon heatshield mass simulator with a healthy topping of buoys onto Mr Steven. Moments after it was lowered onto the deck, the whole setup disappeared below the vessel’s side rails in a massive boom.

 

According to sources familiar with SpaceX’s recovery fleet, the mishap was much less severe than the deafening noise it produced seemed to indicate from the sidelines. They described the aftermath as “an annoying accident” that was unlikely to take any significant amount of time to repair. More likely than not, Mr Steven’s wooden deck suffered some level of structural degradation after several years of active use, something that SpaceX technicians only discovered after loading (or maybe dropping) a heavy Dragon mass simulator aboard.

Regardless, one could certainly say that the test in question was more or less a success, as it most certainly demonstrated whether Mr Steven’s deck was actually capable of supporting the heavy test article (it was not). A few repairs and structural reinforcements later, the vessel is likely already back in working order, with photos taken on August 19th showing that the focus has returned to the vessel’s arms (two of which must have been removed earlier this week).

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Mr Steven sans two arms, August 19th. (Pauline Acalin)

For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!

Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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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.

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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

 

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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.”

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Tesla unfolded its first European “folding Supercharger”

Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.

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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

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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.

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Tesla stuns with another FSD approval in Europe, its second in two days

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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.

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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.

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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.

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