News
SpaceX executive talks rocket R&D: “Nobody paid us to make Falcon Heavy”
Set to give a keynote speech on October 3rd at 2018’s International Astronautical Congress (IAC), Hans Koenigsmann – SpaceX Vice President of Build and Flight Reliability – attended an impromptu talk one day prior, titled “From the University of Bremen to SpaceX”.
Speaking before a small audience, the University of Bremen graduate and fourth employee to join SpaceX discussed his opinions of Falcon Heavy, BFR, and more, frankly relating how SpaceX intentionally chose to build Falcon Heavy on its own, going so far as to turn down funding reportedly offered by one or more US government agencies.
From Bremen to SpaceX (to Bremen)
Hopefully a sign of things to come for his 09:20 UTC, Oct. 3 keynote, titled “Reusability: The Key to Reliability and Affordability”, Hans’ precursor talk centered around the circuitous path that led him from University of Bremen to SpaceX, humorously describing how he “got bored of airplanes pretty quickly” after becoming an aerospace engineer. He quickly turned to space, hopping between a number of German smallsat projects that eventually led him to settle in the U.S. after flying there and back “at least 25 times”.
Once in the US, he wound up working at spaceflight startup Microcosm – alongside now-president and COO of SpaceX Gwynne Shotwell – for several years before running into Elon Musk and almost immediately accepting the eccentric entrepreneur’s SpaceX job offer in 2002. He has worked for SpaceX ever since and now spends a majority of his time managing and overseeing its BFR, Block 5, and Crew Dragon programs with a focus on systematically ensuring reliability. He touched on the company’s BFR development program and pointed to the fabrication of massive composite structures as the single most pressing challenge facing SpaceX engineers and technicians.
Asked by an audience member about the apparent difficulty of developing the heat-shield segment of BFR’s spaceship upper stage (BFS), Koenigsmann was quite confident that it would be a relatively easy aspect of the craft’s development, making the argument that what really matters to the craft is overall heat transfer per unit of its shield. From a basic comparison of the area of a given heat shield and the spacecraft’s mass at reentry, his lack of concern is probably warranted – a BFR spaceship’s worst-case LEO reentry is likely to be less stressful than an average Space Shuttle reentry.
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- BFS bares its belly in a 360 degree animation. (SpaceX)
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- Space Shuttle Endeavor shows off its main heat shield during an on-orbit inspection in August 2007. (NASA)
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- A slightly broader overview of BFS just after separating from the booster. Note notches along the shield/skin divide, as well as very specific access panels, hatches, and smaller protuberances. (SpaceX)
“Try [to not] get money from the government”
Perhaps most intriguing of all Koenigsmann’s comments was an almost unprovoked segue into the US government’s involvement in Falcon Heavy development. According to the SpaceX executive, the company was actually approached by “the government”, with the unknown agency or agencies stating – in Hans’ words – that they wanted to be a part of the rocket’s development. According to Hans, SpaceX responded in an extremely unorthodox fashion: “we said, ‘Nope! We just wanna build it, you can buy it when it’s ready and we’ll charge you for the service.’” He noted in the next sentence that funding was the primary lever on the table:
“It’s a great position to do this, you gotta find the money, you gotta know people that have money and are willing to invest in your company, and [SpaceX has] been lucky enough to know some of those people.”
In other words, when given an opportunity to either rely on government funding or some other source of capital for a given R&D project, SpaceX – or at least Hans Koenigsmann, VP of Reliability – would apparently recommend the latter option in almost all cases. Again, without being prompted, he elaborated on his feelings about funding sources, culminating in a statement that is simply profound coming from an executive in the aerospace industry. The following quote is unabridged and straight from Hans himself:
“You need to [try to not] get money from the government, otherwise the government will tell you what to build and how to build it… they will tell you how to build this and that’s just not always – I mean for some things it’s the best to do, but in others it’s actually not.”
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- A concert of Draco thrusters work to push Dragon away from the ISS and back towards Earth. (ESA)
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- The first spaceworthy Crew Dragon capsule is already in Florida, preparing for its November 2018 launch debut. The same capsule will be refurbished and reflown as few as three months after recovery. (SpaceX)
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- It’s currently unclear whether B1046 or B1048 will become the first SpaceX rocket to fly three times. (Tom Cross)
This sentiment could suggest that SpaceX will seek to prioritize private funding sources for the development of future vehicles like BFR’s rocket and spaceship, although there is plenty of room for interpretation in Hans’ IAC 2018 comments. SpaceX currently maintains strong and productive relationships with both NASA and the USAF, primarily centered around the company’s $2.6B fixed-price contract for the development and operation of Crew Dragon.
Watch and listen to Hans Koenigsmann’s full presentation below.
https://www.youtube.com/watch?v=hs2LBeLCo_s
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!
News
Tesla broadens most-wanted Model Y to eight new markets
This rollout targets Asia’s booming EV adoption, driven by family buyers seeking practicality without sacrificing performance or luxury. It positions Tesla against rising local competitors offering affordable three-row options.
Tesla has broadened the availability of the most-wanted Model Y trim to eight new Asian markets, expanding the footprint of what is one of the most highly requested vehicle configurations in the U.S.
Tesla has officially launched ordering for the Model Y L, its long-wheelbase six-seater electric SUV, across eight key Asian territories: Japan, South Korea, Hong Kong, Macau, Singapore, Thailand, Malaysia, and the Philippines.
The announcement signals a major expansion for the family-oriented variant first introduced in China in August 2025. In Thailand, Malaysia, and the Philippines, the vehicle had already been previewed at several motor shows, so fans in the area were familiar with the Model Y L and its distinct differences to the standard-sized trims.
🚨 Tesla has launched the Model Y L for order in eight new Asian territories:
– Japan
– South Korea
– Hong Kong
– Macau
– Singapore
– Thailand (previously unveiled at the Bangkok International Motor Show)
– Malaysia (previously unveiled)
– Philippines (previously unveiled) pic.twitter.com/PidNwRxuEU— TESLARATI (@Teslarati) April 3, 2026
Local pricing reflects taxes, incentives, and import duties. Malaysia estimates RM260,000 with Q2 2026 deliveries; Singapore lists S$248,999 (including COE); Macau prices at 398,750 patacas. Similar competitive positioning is expected in Japan, South Korea, Hong Kong, Thailand, and the Philippines, where the Model Y L undercuts many traditional three-row SUVs while offering full EV benefits.
This rollout targets Asia’s booming EV adoption, driven by family buyers seeking practicality without sacrificing performance or luxury. It positions Tesla against rising local competitors offering affordable three-row options.
Notably, the Model Y L remains unavailable in the U.S. market, where demand for a stretched Model Y has been high. Although CEO Elon Musk said that something “way cooler than a minivan” is on the way in the U.S., the dimensions of the Model Y L simply fit the needs of many American families.
Elon Musk says Tesla is developing a new vehicle: ‘Way cooler than a minivan’
The Model Y L stands out with its stretched dimensions: 4,976 mm long and a 3,040 mm wheelbase—179 mm and 150 mm longer, respectively, than the standard Model Y. Height increases slightly to 1,668 mm, creating a true three-row, 2+2+2 layout with individual captain’s chairs in the second row for easier third-row access.
Maximum cargo capacity reaches 2,539 liters with seats folded, making it ideal for growing families or those needing versatile space in dense urban environments. But it’s not just a grocery-getter or a kid-hauler: The performance matches Tesla’s reputation.
Dual-motor all-wheel drive delivers 0-100 km/h acceleration in about 5.0 seconds (or 4.5 seconds in some market specs), with a top speed of 201 km/h. The vehicle boasts a WLTP-rated range of up to 681 km, supported by an approximately 88-97 kWh battery pack (market-dependent) and 250 kW DC fast charging.
With deliveries slated for Q2 2026 and strong early interest mirroring China’s rapid pre-orders, the Model Y L could become a bestseller in these dynamic markets. Tesla’s targeted expansion essentially generalizes its commitment to tailoring vehicles to regional needs while advancing sustainable mobility across Asia.
Lifestyle
Tesla hit by Iranian missile debris in Israel
A Tesla in Israel absorbed a direct hit from missile debris, and the glassroof held.
On March 30, 2026, Lara Shusterman was in Netanya, Israel when Iranian ballistic missiles triggered air raid sirens across the city. While she remained in safety, her 2024 Tesla Model Y did not escape untouched. A heavy piece of missile debris struck the car’s massive glass roof, leaving a deep crater but without shattering. In a Facebook post to the Tesla Israel community the following morning, Shusterman described what happened: “The glass did not shatter into dangerous shards. She stopped the damage and pushed the metal part to the ground.” She closed by thanking Elon Musk and the Tesla team for building what she called “security and a sense of trust even in extreme situations.”
Netanya is a coastal city in central Israel, roughly 18 miles north of Tel Aviv and has been among the areas most frequently struck during Iran’s ongoing missile campaign, following coordinated U.S. and Israeli strikes on Iranian military infrastructure. Falling shrapnel from intercepted missiles is a common occurrence.
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- Tesla Model Y glass roof shattered from a piece of falling Iranian missile debris
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- A piece of Iranian missile debris that struck Lara Shusterman’s Tesla Model Y in Netanya, Israel on March 30, 2026, after being intercepted by Israeli air defenses.
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- Tesla Model Y glass roof shattered from a piece of falling Iranian missile debris
Source: Tesla Israel Facebook Group
The incident is a testament to Tesla’s structural engineering. Tesla’s glass roof is designed to support over four times the vehicle’s own weight. That strength has shown up in real-world accidents too. In 2021, a Model Y in California was struck by a falling tree during a storm, with the glass roof holding firm and the cabin remaining intact. In another widely reported incident, a Tesla Model Y plunged 250 feet off the cliff at Devil’s Slide in California in January 2023, with all four occupants, including two young children, surviving.
Disturbing details about Tesla’s 250-foot cliff drop emerge amid initial investigation
Tesla officially launched sales in Israel in early 2021 and captured over 60 percent of Israel’s EV market in the first year. The brand’s foothold in Israel remains significant. Tens of thousands of Teslas are now on Israeli roads, making incidents like Shusterman’s easy to corroborate. On the same week her Model Y took the hit, the U.S. Space Force awarded SpaceX a $178.5 million contract to launch missile tracking satellites, a separate but fitting reminder of how intertwined the Musk ecosystem has become with the realities of modern conflict.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Tesla broadens most-wanted Model Y to eight new markets
Tesla hit by Iranian missile debris in Israel
