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SpaceX readies Falcon 9 Block 5s for bi-coastal launches and landings
After several months of preparation behind the scenes, SpaceX’s second and third serial Falcon 9 Block 5 rockets are ready for the first launches of the upgraded vehicle from Vandenberg Air Force Base, CA (VAFB) and Cape Canaveral Air Force Station, FL (CCAFS).
On the calendar for 1:50 am EDT/5:50 UTC July 22 and 4:39 am PDT/11:39 UTC July 25, SpaceX launches of Telstar 19V and Iridium NEXT-7 are set to mark the beginning of a new era for the company, where all future missions will fly with Block 5 hardware upgraded for reusability and reliability and attempt recovery almost without fail.
Three Falcon 9 boosters captured in various states of transport and testing over the last six weeks, two of which are B1047 and B1048. (Teslarati/Tesla Motors Club/Reddit/Facebook)
Bursting out of the expendable rocket cocoon
While it may be the case that an odd launch or two require a booster be expended to prevent schedule delays or carry an exceptionally heavy satellite to an exceptionally high orbit, it’s safe to say that such a mission with Block 5 boosters will be an anomaly. Somewhat iffy comments posted on Reddit recently claimed that Falcon Block 5 boosters would be able to easily (and rapidly) hop between roles as side and center boosters for both Falcon 9 and Falcon Heavy. While wild, those claims, in retrospect, make a lot of sense, even if the reality of Block 5 booster interchangeability was a tad exaggerated.
If SpaceX truly wants to end the practice of expending rocket boosters, – and eventually fairings and upper stages, with any luck – the company will truly need to embrace a strategy that’s long been floated by executives like CEO Elon Musk and COO/President Gwynne Shotwell. That strategy dictates that SpaceX routinely use both Falcon 9 and Falcon Heavy as an almost interchangeable and rocket team capable of launching nearly every orbital payload conceivable today, all while remaining in fully or mostly reusable modes of operation.
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- B1046 returned to Port Canaveral shortly after its May 4 debut, and is now being carefully analyzed as pathfinder hardware. (Tom Cross)
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- OCISLY as seen by Tom Cross on March 5, readying for a busy future of rocket recoveries. (Tom Cross)
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- At the request of a friend, artist David Romax put together a truly jaw-dropping collection of concept art featuring SpaceX’s BFR rocket and its Cargo and Crew spaceships. (Gravitation Innovation/David Romax)
At the moment, educated estimates of Falcon Heavy’s true performance margins with dual booster landings at SpaceX’s Florida landing zones and center core recovery aboard Of Course I Still Love You (OCISLY) suggest that the Block 5 version of Falcon Heavy should be capable of launching every commercial satellite planned or penciled in for launch over the next five years, at a minimum. Finally, while the Falcon family’s fuel choice of high-grade kerosene (RP-1) and liquid oxygen make the rocket far more compact and energy-dense than alternatives, one downside of that choice is a loss of efficiency, although brute-force strength makes FH a competitive beast for all missions beyond Earth orbit (Mars, Venus, Saturn, asteroids, comets, etc).
However, a fully-expendable Block 5 Falcon Heavy seems to be at least 3X as unlikely as an expendable Block 5 Falcon 9. Nevertheless, CEO Elon Musk made it clear that a nominal Falcon Heavy launch where both side boosters were recovered at sea and the center booster expended could accomplish a full ~85-90% of an entirely expendable mission, and for roughly $95m. As such, a combination of reusable Falcon 9s, reusable Falcon Heavys, and ~30%-expendable Falcon Heavys could successfully complete every plausible commercial and non-commercial launch in the world and do so at the lowest cost for the better part of the next five years, at which point the company’s next-gen Big F____ Rocket (BFR) ought to be operational.
Side boosters landing on droneships & center expended is only ~10% performance penalty vs fully expended. Cost is only slightly higher than an expended F9, so around $95M.
— Elon Musk (@elonmusk) February 12, 2018
Telstar 19V and Iridium-7
With any luck, SpaceX’s next two launches will be the first huge step in the direction of that one-stop-shop for competitive transportation to orbit. Teslarati photographer Tom Cross will be setting up remote cameras for the Telstar 19V’s Florida liftoff later this evening, while our West Coast fellow and famed Mr Steven-stalker Pauline Acalin will be setting up her own set of remote cameras for VAFB’s Falcon 9 Block 5 debut on Tuesday.
Static fire test of Falcon 9 complete— targeting July 25 launch of Iridium-7 from Vandenberg Air Force Base in California.
— SpaceX (@SpaceX) July 21, 2018
On the East Coast, drone ship OCISLY has already departed Port Canaveral with a duo of support vessels and a dedicated tugboat, while the West Coast’s Just Read The Instructions (JRTI) will likely take leave of the Port of Los Angeles within 24 hours. Those dual, successful (?) rocket landings will hopefully mark the first of many dozens of missions for F9 boosters B1047 and B1048.
The first Block 5 Falcon 9 lifts off on May 4, 2018. Several more are soon to come. (Tom Cross)
Follow us for live updates, peeks behind the scenes, and photos from Teslarati’s East and West Coast photographers.
Teslarati – Instagram – Twitter
Tom Cross – Twitter
Pauline Acalin – Twitter
Eric Ralph – Twitter
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”
