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SpaceX’s Crew Dragon spaceship marches towards launch with vacuum chamber test
SpaceX has published the latest photo of its next-generation Crew Dragon spacecraft, showing the crewed vehicle preparing to be put through its paces inside a NASA thermal vacuum chamber located in Cleveland, Ohio. If the tests are completed without issue, the Dragon’s next destination will be Cape Canaveral, Florida, where it will prepare for an inaugural launch targeted for the fourth quarter of 2018.
In the photo released on June 20th, SpaceX’s DM-1 Crew Dragon capsule (C202 in shorthand: [C]apsule, Dragon [2], serial number [02]) is seen being craned by SpaceX technicians into the thermal vacuum chamber at NASA’s Plum Brook testing facilities. Located in Ohio, Plum Brook’s vacuum chamber is unique because of both its size and its ability to fairly accurate replicate the actual environment faced by satellites and spacecraft once in space. Most importantly, this includes the extreme thermal conditions those vehicles are subjected to by constant ~90-minute day-night cycles in low Earth orbit (LEO).
Without Earth’s cozy atmosphere to act as both a heat sink and insulating blanket once on orbit, there is simply nothing there to protect spacecraft like Crew Dragon from the absolute extremes of direct solar radiation (sunlight), total darkness, and a complete lack of cooling by conduction and convection. In order to avoid overheating, Crew Dragon thus needs to bring along its own means of cooling in the form of onboard radiators to shed excess heat. The use of white paint on spacecraft further aids this process by selectively preventing the absorption of solar radiation while simultaneously efficiently emitting in infrared wavelengths.
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- SpaceX’s Demo Mission-1 Crew Dragon seen preparing for vacuum tests at a NASA-run facility, June 2018. (SpaceX)
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- The DM-1 Crew Dragon testing inside SpaceX’s anechoic chamber, May 2018. (SpaceX)
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- An overview of Crew Dragon’s main features, all of which can be seen in the real-life photos. The Cargo Dragon version will likely remove seats and windows. (SpaceX)
How to prep your Dragon
Crew Dragon’s primary radiators are elegantly integrated into vertical panels installed on the cylindrical bottom segment, known as the trunk, while the craft’s power source – solar panels in this case – are installed in a curved array on the opposite side of the trunk. Intriguingly, the trunks displayed in the two most recent photos of the DM-1 Crew Dragon appear to be almost completely different, and the trunk at Plum Brook does not appear to have its solar arrays or radiators installed. Nominally, SpaceX would use the thermal vacuum capabilities of the Ohio facility to fully vet Crew Dragon’s ability to maintain optimal temperatures on orbit, but the particularly tests planned for the DM-1 capsule and trunk may be of a slightly different type.
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- On February 28, SpaceX completed a demonstration of their ability to recover the crew and capsule after a nominal water splashdown in the Atlantic Ocean, just off the coast of Florida. (SpaceX)
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- Astronaut Bob Behnken examines a sample of Crew Dragon docking and crew transfer hardware, the mechanisms that will allow the spacecraft to dock with the International Space Station and allow crew to enter the orbital outpost. Taken March 2017. (SpaceX)
Regardless, after testing at Plum Brook is completed, the DM-1 Crew Dragon capsule will be shipped to a newly-constructed processing facility in Cape Canaveral, Florida, while it’s understood that the trunk installed in SpaceX’s June 20th photo will be returned to the Hawthorne, CA factory to be outfitted with flight hardware (presumably including cameras, radiators, solar arrays, and a healthy amount of insulation). It’s unclear when the two segments of DM-1 will part ways and head on to their next destinations, but it’s likely that testing at Plum Brook will last for at least a handful of weeks.
Birds of a feather
In the meantime, several additional Crew Dragon capsules/trunks and the Falcon 9 Block 5 rockets that will launch them are in a variety of states of fabrication and assembly at SpaceX’s Hawthorne factory. B1051, the Block 5 booster assigned to the first uncrewed Demo-1 launch of Crew Dragon, was reported by NASA to be undergoing propellant tank integration in March 2018, implying that the rocket should be at or near the final stages of integration, and will likely ship to McGregor, Texas for static fire testing late this summer.
As of June 15th, SpaceX’s third Falcon 9 Block 5 booster was vertical on the Texas test stand, likely nearing its own static fire test before being shipped to SpaceX’s Vandenberg Air Force Base launch facilities for the July 20th launch of Iridium-7. While possible that a booster slipped past the watchful eyes and ears of SpaceX enthusiast observers, it’s probable that the rocket currently in McGregor is B1048, implying that a minimum of two additional booster shipments and Texas test programs remain before B1051 can be prepped to launch SpaceX’s first Crew Dragon mission. At the current marginally accelerated booster production and shipment schedule (~ 30-day cadence), B1051 would be expected to leave Hawthorne for Texas no earlier than (NET) late August or early September. This meshes with a recent comment from Commercial Crew astronaut Suni Williams:
“I think we’re going to get the [uncrewed[ demo flights probably by the end of the year, maybe a little after that . . . and then the crew demo missions next year.”
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- Falcon 9 Block 5 completed its first launch on May 11, carrying the Bangabandhu-1 communications satellite to geostationary transfer orbit. (Tom Cross)
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- SpaceX’s second Block 5 booster was spotted vertical at the company’s McGregor, TX testing facilities. That booster has since been shipped to Florida for a mid-July launch, with B1048 now in its place as of June 15. (Aero Photo)
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- A matte-silver Block 5 Merlin 1D rocket engine seen preparing to leave SpaceX’s Hawthorne factory for testing in Texas. (SpaceX)
Anticipating acceptance and prelaunch testing that is far more extensive and time-consuming than typically seen with SpaceX’s commercial missions, it’s safe to bet that the first uncrewed Crew Dragon mission – DM-1 – will launch from Kennedy Space Center in November or December 2018. While those operations proceed over the course of the rest of this year, SpaceX expects roughly 10 additional Falcon 9 and Falcon Heavy launches to occur. It’s gonna be a busy H2.
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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”
