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SpaceX releases photo of NASA astronauts testing in Crew Dragon spaceship
In a rare instance of publicity, SpaceX has given the public the first detailed glimpse of a NASA astronaut practicing inside a mockup of Crew Dragon’s cockpit, wearing a sleek spacesuit designed and built by private rocket company.
Taken just over a month ago, the photos show astronauts Doug Hurley and Suni Williams familiarizing themselves with the most recent iteration of Crew Dragon’s cockpit, with a focus on the control systems and display system unique to SpaceX’s spacecraft. Boeing, for example, went with a more traditional set of controls, featuring a joystick and panels of physical buttons and switches alongside a pair of small screens, largely reminiscent of cockpits one might find in the many military and civilian aircraft the company’s non-space branches assemble.
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- Boeing’s Starliner Pad Abort Test Vehicle is prepping for a test of its launch abort engines to prove that the vehicle can safely perform an abort maneuver in the event of an emergency on the launchpad or during flight. (Boeing)
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- Elon Musk: “SpaceX Crew Dragon ship in anechoic chamber for EMI [electromagentic interference] testing before being sent to @NASA Plum Brook vacuum chamber” (SpaceX)
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- NASA Astronaut Suni Williams, fully suited in SpaceX’s spacesuit, interfaces with the display inside a mock-up of the Crew Dragon spacecraft in Hawthorne, California, during a testing exercise on April 3. (SpaceX)
SpaceX CEO Elon Musk recently showed off the first official photo of the company’s first flight-ready Crew Dragon capsule preparing for Demo Mission-1 (DM-1), an uncrewed orbital test flight of the brand new spacecraft intended to prove out its capabilities ahead of a true crewed test flight several months after. While officially showing launch dates no earlier than August 31 (DM-1) and December 31 (DM-2), sources familiar with the Commercial Crew Program say that SpaceX is currently tracking towards its first two demo flights sometime in Q4 2018 and H1 2019 respectively, and Musk’s brief comment that the DM-1 Crew Dragon was scheduled for shipment to the launch site (Kennedy Space Center) around August 2018.
SpaceX Crew Dragon ships to the Cape in about 3 months
— Elon Musk (@elonmusk) May 2, 2018
Arrival at the launch site will entail its own series of extensive tests, many focusing on integrated the vehicle with its Falcon 9 Block 5 launch vehicle, perhaps the first time a flightworthy Crew Dragon is attached to a SpaceX rocket. The upgraded Falcon 9s (both new) tasked with launching those first two demonstration missions are themselves already under construction at SpaceX’s Hawthorne, CA factory: the rocket intended to launch the first crewed mission is having its propellant tanks welded, while the vehicle aiming to launch an uncrewed test later this year is likely on its way to final integration and easily recognizable as a rocket.
SpaceX’s Crew Dragon, shown in an older render and a more recent graphic featured in NASA’s March 2018 Commercial Crew update. (SpaceX/NASA)
In fact, what can only be the second Block 5 Falcon 9 booster (B1047) was captured on May 30 by a member of the /r/SpaceX subreddit on the last leg of its journey from McGregor, Texas to Cape Canaveral, Florida, indicating that a Block 5 booster recently glimpsed at SpaceX’s Texas testing facilities is likely a separate rocket, B1048. The booster meant for Crew Dragon’s first flight was confirmed by NASA officials to be B1051 in a March 2018 briefing, and the sighting of B1047 bodes very well for B1051’s shipment from the Hawthorne factory to Texas for static fire testing in the next two or three months, followed by its own journey from Texas to Florida before launching the first Crew Dragon spacecraft into orbit.
Falcon 9 B1047 is believed to be preparing to launch the Telstar 19V communications satellite sometime next month. Meanwhile, SpaceX is currently targeting 12:27am EDT on June 1 for the launch of the SES-12 satellite aboard one of the company’s final three operational flight-proven Block 4 rockets, although mediocre weather conditions place the risk of a scrub at ~60%.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
