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SpaceX techs work towards Falcon 9 fairing recovery with wacky series of experiments
Over the course of the past week, Teslarati photographer Pauline Acalin has captured a multitude of unusual occurrences at SpaceX’s Port of Los Angeles dock space, each time involving a Falcon fairing recovery vessel like Mr Steven or NRC Quest, a Falcon fairing half (flight-proven or otherwise), and one of several attenuating circumstances.
More likely than not, what appears as a menagerie of weird and disconnected events on the sidelines is actually a reasonably organized leg of a larger program, in this case focused on experimentation and testing to close the fairing recovery loop and secure Mr Steven’s first successful fairing catch.
From @USCGLosAngeles – A captive carry test involving a helicopter picking an item from a vessel will be conducted 9/20, 11-1300, in the vicinity of San Clemente Island in the San Nicolas Basin. Mariners are requested to maintain a distance of 5NM from the operation. pic.twitter.com/nvy6Wo0IvF
— Marine Exchange (@MXSOCAL) September 19, 2018
The mystery of Catalina Island
Now-iconic fairing recovery vessel (or net-boat, or claw-boat) Mr Steven has been out of commission since late August, at which point SpaceX technicians removed all four of his arms and their eight complementary shock absorber booms towards unknown ends. If SpaceX’s past is any judge, those arms are probably in the process of being upgraded, but it’s impossible to judge thanks to the fact that they have simply disappeared from the Berth 240 docks where they were briefly stored. SpaceX certainly has a way with transporting massive, ungainly objects without stirring a whisper.
Despite lacking arms for more than a month, Mr Steven has still performed a number of sea-trials, ranging from average jaunts a few miles away to a mysterious armless test described in the tweet above. Why exactly Mr Steven was involved in an experiment involving a helicopter “picking an item” – in this case a flight-proven Falcon fairing – off of a vessel while entirely lacking the arms and net he would use to catch said fairing is entirely unclear. Perhaps it was meant to test a datalink or a change to fairing recovery hardware. Whatever transpired, a group of SpaceX technicians certainly flew to Catalina Island and were working alongside or with a Blackhawk helicopter capable of externally carrying up to 3600 kg (8000 lb) of cargo.
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- Shortly after completing the CRS-15 resupply mission, Cargo Dragon C110 is craned from NRC Quest to SpaceX’s Port of San Pedro berth, 08/05/18. (Pauline Acalin)
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- Mr Steven was out and about conducting high-speed maneuvers two days prior, and also joined NRC Quest near Catalina Island on the 20th. (Pauline Acalin)
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- NRC Quest returned to port with a Falcon fairing aboard after a long day doing *something* at sea. (Pauline Acalin)
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- Note the sooty tip of the fairing’s nose, a telltale sign that it previously flew on a Falcon 9 launch. (Pauline Acalin)
Multipurpose recovery vessel NRC Quest – nominally dedicated to Cargo Dragon spacecraft recoveries – returned to SpaceX-leased Berth 240 a few hours after the September 20th test window closed, sooty Falcon 9 fairing half in tow. Still, this certainly isn’t the weirdest Falcon fairing-related activity to occur last week.
Fairings aplenty
Meanwhile, over at Mr Steven’s old berth and drone ship Just Read The Instructions’ current berth, a different Falcon fairing half appeared sometime in the last several days in an unusual state, seemingly either fresh out of the factory or in an advanced state of disassembly. The base of this particular fairing half seems to be entirely missing the usual layer(s) of material (cork, among other things) used to waterproof and act as a lightweight heatshield. A new fairing half sitting out in the elements with zero protection would be exceptionally unusual, as CEO Elon Musk has noted that they each cost several million dollars ($3m to be precise), and exposure outside of a cleanroom could very well prevent this half from ever being operationally flown.
The next best conclusion to be drawn is that this unique fairing half is new or flight-proven (with skin and shielding removed), but sitting at SpaceX’s dock space in order to prepare for one or several active drop tests in pursuit of Mr Steven’s first successful fairing catch. But who really knows, to be honest. The fairing’s bare carbon fiber composite construction is certainly a sight to behold, one way or another.
Doing…something.
This leads us to the grand (perhaps… titanic) finale of wholly unexpected Falcon fairing activities over the last several days. Presumably making the best of an opportunity to test NRC Quest’s ability to recover Falcon fairings after splashdown (i.e. missing Mr Steven’s net), the pictures generally tell the story better than any words ever could. Keep your eyes peeled for Fairing Wrangler job openings.
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- Getting the (un)lucky half into the water. (Pauline Acalin)
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- One lucky dude. (Pauline Acalin)
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- Weeeeeeeeee. (Pauline Acalin)
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- NRC Quest then lifted the fairing half (likely from Iridium-7) aboard. (Pauline Acalin)
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- NRC Quest then lifted the fairing half (likely from Iridium-7) aboard. (Pauline Acalin)
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- This extraordinarily unusual operation lent an opportunity to see just how flexible and structurally optimized SpaceX’s payload fairings are. (Pauline Acalin)
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- After returning from a day at sea doing who-knows-what, Mr Steven’s captain attempted to use the 500 metric ton vessel to splash a fellow recovery tech. A for effort. (Pauline Acalin)
Up next for SpaceX, Mr Steven, and the West Coast recovery crew is SAOCOM-1A, scheduled to launch from California’s Vandenberg Air Force Base on the evening (Pacific Time) of October 6th.
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!
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
