SpaceX
SpaceX Falcon 9 rocket lands for the last time ahead of risky in-flight abort test
SpaceX’s latest successful launch and landing has wrapped up with Israeli Moon lander Beresheet on its way to Earth’s neighbor, Indonesian communications satellite PSN-6 headed to its final orbit, and the second thrice-flown Falcon 9 Block 5 booster safely returned to Port Canaveral aboard drone ship Of Course I Still Love You (OCISLY).
Known as Falcon 9 B1048, its third successful landing and recovery will almost certainly be this booster’s last after its fourth launch was officially assigned to a critical Crew Dragon launch abort test, one that the booster is very unlikely to survive. According to SpaceX CEO Elon Musk, that test could occur as early as April and will push the first flight-proven Crew Dragon space capsule to its limits.
https://twitter.com/_TomCross_/status/1099688043009753088
After weathering what Musk also described as the toughest reentry and heating conditions yet experience by a Falcon 9 booster meant for recovery, Falcon 9 B1048 landing (almost) flawlessly aboard drone ship OCISLY, stationed roughly 700 km (430 mi) off the Florida coast. Hinted at by the booster’s very slight lean on the recovery vessel’s deck, B1048 most likely cut thrust (or ran out of fuel) just before the optimal stop point, causing the rocket to fall a few unintended feet onto OCISLY and eat into part of the aluminum honeycomb ‘crush-core’ present on all Falcon landing legs.
Reentry, even at 1/4 of orbital speed is hard pic.twitter.com/Tk2KJblWH5
— Scott Manley (@DJSnM) February 22, 2019
In essence, that crushable aluminum acts as a very rough form of emergency suspension meant to minimize potential damage to the fragile structure of Falcon booster propellant tanks at the cost of its landing legs. In the case of B1048’s third landing, the lean appears to be no more than a few degrees – scarcely out of the ordinary, at least relative to past leaning boosters. Most notably, Falcon 9 B1023 experienced a similar anomaly and a far worse lean after its first landing, an experience that did not apparently impact its ability to launch for the second time as a side booster for Falcon Heavy’s inaugural launch.
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- Falcon 9 B1048 returned to Port Canaveral on February 24th after its third successful launch and landing. (Teslarati)
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- B1048.3 beside its human caretakers. (Tom Cross)
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- Octagrabber robots are meant to prevent boosters from sliding off of drone ship decks by anchoring them with their tank-like weight. (Teslarati)
B1048’s slight departure from a perfect trajectory should thus pose no problem for in-place plans for the rocket’s fourth (and likely final) launch. Known as Crew Dragon’s in-flight abort (IFA) test, SpaceX specifically requested the inclusion of a second abort test (above and beyond NASA’s testing requirements) to fully verify that astronauts could be pulled to safety at any point during launch. In 2015, the company completed a pad abort test of Crew Dragon, demonstrating that the spacecraft could escape from a failing rocket while static on the launch pad. The in-flight abort is precisely what it sounds like: a demonstration that Crew Dragon can safely escape a failing rocket while in flight. More than simply being in flight, the goal is to demonstrate a successful abort at the point of peak aerodynamic stress of Falcon 9 and Dragon, known as Max Q.
For Cargo Dragon launches, Falcon 9 has typically averaged dynamic forces of about 25 kPa (~4 psi), roughly equivalent to 2.5 tons of force per square meter. During launch, either the payload fairing or Cargo/Crew Dragon are subjected directly to those forces, often requiring a significant period of lower throttle to mitigate the forces those sensitive assemblies experience. Given that Crew Dragon’s abort scenario accelerates the capsule and trunk from a relative speed of zero to nearly 350 mph (150 m/s) in five seconds, the dynamic forces (i.e. mechanical loads and heating) the spacecraft is experiencing could jump 50% or more almost instantaneously.
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- Falcon 9 B1054 around the time of Max Q. (Tom Cross)
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- While it doesn’t necessarily correlate with Max Q, vapor cones like the one on B1047’s fairing are a partial visualization of Max Q forces. (SpaceX)
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- An official SpaceX render shows Falcon 9 and Crew Dragon lifting off from Pad 39A. (SpaceX)
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- Falcon 9 B1051 and Crew Dragon vertical at Pad 39A. (SpaceX)
After Crew Dragon aborts, the Falcon 9 stack – featuring B1048 and a full-fidelity upper stage with a mass simulator in place of its MVac engine – will be instantaneously exposed to those same dynamic forces, experientially equivalent to bellyflopping from an Olympic-height diving platform. The upper stage may actually be better off than the booster thanks to the generally smooth dome at its stern, whereas Falcon 9’s booster would have its interstage – a deep, open cylinder – exposed to the same airflow if or when the upper stage is torn away. At the point of abort, Falcon 9 will most likely be in the process of shutting down its Merlin 1D engines, effectively removing the booster’s control authority and leaving it at the mercy of the atmosphere. SpaceX’s CRS-7 Cargo Dragon failure (caused by the second stage losing structural integrity mid-flight) is actually a decent representation of what is likely to happen to B1048 and its upper stage.
Given the potential destructive power B1048 will face, not to mention the fact that the booster will likely not have grid fins or landing legs installed, today’s recovery will probably be the last time the rocket returns to port and prepares for another launch. Explicitly dependent upon the refurbishment of DM-1’s Crew Dragon capsule, SpaceX’s in-flight abort is not expected to occur until June 2019, although Musk has indicated that the aspirational target is to perform the test as early as April, perhaps less than 60 days after the capsule is scheduled to land in the Atlantic Ocean.
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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.
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
NASA’s first human outpost on the Moon starts now – SpaceX on deck
NASA named the rovers, landers, and vendors that will build America’s first Moon Base.
NASA has laid out its most detailed Moon Base plan to date, describing a permanent outpost near the Moon’s south pole that the agency intends to build over the coming decade as a direct stepping stone to Mars. “The Moon Base will be America’s and humanity’s first outpost on another celestial world,” NASA Administrator Jared Isaacman said, adding that every mission crewed and uncrewed “will be a learning opportunity as we return to the lunar surface, build the infrastructure to stay, and master the skills required to live and operate in one of the most demanding and dangerous environments imaginable.”
The plan is structured in three phases involving both uncrewed and crewed missions to deliver equipment, vehicles, and infrastructure to the surface, with the first three moon base missions targeted to launch before the end of 2026.
Moon Base I, targeting fall 2026, will use Blue Origin’s Blue Moon Mark 1 lander to deliver scientific instruments to the Shackleton Connecting Ridge, the same region where Artemis astronauts will land. Moon Base II will send Astrobotic’s Griffin lander carrying more than 1,100 pounds of cargo including Astrolab’s FLIP rover to begin developing mobility systems on the surface. Moon Base III will carry the Lunar Vertex science mission on Intuitive Machines’ Nova-C Trinity lander to study lunar swirls near the south pole, with ESA and Korean science payloads aboard.
On the rover side, NASA awarded Astrolab $219 million and Lunar Outpost $220 million to build the first phase of Lunar Terrain Vehicles, with both rovers targeted for deployment to the lunar surface by 2028. Astrolab’s crewed rover weighs roughly 2,000 pounds and can reach over 6 mph. Lunar Outpost’s Pegasus rover can operate autonomously or via remote control at over 9 mph. Blue Origin separately received $188 million with an option worth $280.4 million to deliver cargo landers for rover transport.
NASA also confirmed that MoonFall, a mission deploying four survey drones to scout Artemis landing sites, has selected Firefly Aerospace to build the transport spacecraft, with a 2028 launch target.
SpaceX sits at the center of that commercial layer. SpaceX holds the NASA Human Landing System contract for the Starship-derived lander that will put astronauts on the surface under Artemis IV, currently targeting 2028. Before that can happen, SpaceX must demonstrate in-orbit propellant transfer at scale, a process requiring multiple Starship tanker launches to fuel a single mission. Water ice at the lunar south pole is central to the base’s long-term viability, as it can be converted into drinking water, breathable oxygen, and rocket fuel, directly reducing dependence on Earth resupply. That resource loop becomes far more practical if Starship can land and be refueled on or near the Moon itself.
Elon Musk has publicly stated that Starship V3, which recently completed its first flight, should be capable enough for initial Mars missions. The Moon Base plan announced Tuesday is the infrastructure layer that connects everything between those two ambitions, and SpaceX is the only American company currently contracted to build the rocket that gets humans to either destination.
Tesla’s European Comeback: Registrations soar in May as recovery gains momentum
Tesla plans ingenious improvement to one of its best features
