News
SpaceX Falcon 9 booster returns to port on a drone ship for the first time in six months
On November 15th, Falcon 9 booster B1048 returned to port aboard a SpaceX drone ship, the first such return in almost half a year. With that arrival, SpaceX also completed a critical Falcon 9 Block 5 reusability milestone, paving the way for B1048 to continue setting records.
On November 11th, Falcon 9 B1048 made history when it lifted off with 60 Starlink v1.0 satellites, becoming the first rocket booster to launch four separate orbital-class missions. Approximately eight and a half minutes later, B1048 also become the first orbital-class rocket booster to land after its fourth successful launch, setting the vehicle up to be SpaceX’s path leader for future nth-reuse milestones, starting with the first 5th flight in the near future.
Starlink v1.0’s November 11th launch effectively marked the start of SpaceX’s operational satellite constellation deployment, every mission of which will be an opportunity for the company to test new reusability firsts and reduce the risk before certain flight-proven hardware is offered to commercial customers. Company executives have recently indicated that SpaceX hopes to launch as many as 24 Starlink missions – each carrying ~60 satellites – in 2020, giving SpaceX a huge number of opportunities to push the envelope of booster and fairing reusability.
On the ~650 km (340 mi) trip back to Port Canaveral from drone ship Of Course I Still Love You’s (OCISLY) Atlantic Ocean recovery position, the ship – towed by tug Hawk – was forced to briefly divert northwest to escape high seas, but Falcon 9 B1048 was secured by the drone ship’s Octagrabber robot, preventing it from suffering a fate similar to Falcon Heavy booster B1055. By all appearances, the thrice-reused Falcon 9 booster survived the weather and swells unscathed, even as OCISLY itself was visibly banged around, damaging a generator and antenna.
After OCISLY and B1048 arrived in Port Canaveral on the 15th, SpaceX recovery technicians quickly craned the booster off of the drone ship, placing it on the company’s dockside rocket-processing stand. It appears that SpaceX intends to retract B1048’s four carbon fiber landing legs, potentially in a bid to rapidly turn the booster around for a second Starlink v1.0 mission before the end of 2019.
B1048.4’s in-port recovery operations also marked the first time SpaceX has used Port Canaveral’s brand new mobile crane, delivered to the port in January 2019.
While B1048 has become the first Falcon 9 booster to launch four orbital-class missions, SpaceX has another two thrice-flown flightworthy boosters (B1046 and B1049), the former of which is preparing for its own fourth launch as early as December 2019. B1046 is assigned to Crew Dragon’s In-Flight Abort test, a mission that will almost certainly destroy the booster and its inert upper stage when Crew Dragon attempts to escape the rocket while traveling at supersonic speeds. B1049 could support another Starlink mission or the commercial debut of a thrice-flown SpaceX booster and is likely already set for flight after it completed its third launch nearly six months ago.
Coincidentally, B1048’s Nov. 15 port return was SpaceX’s first drone ship recovery since B1049’s third launch and landing, which saw that booster arrive in port in late May 2019. That nearly six-month gap is one of the longest SpaceX has gone without an ocean recovery since Falcon 9’s first successful drone ship landing in April 2016. With any luck, Starlink will ensure that a similar lull is just shy of impossible until Starship takes over and Falcon 9/Heavy is fully retired, likely a solid half a decade away.
Check out Teslarati’s Marketplace! We offer Tesla accessories, including for the Tesla Cybertruck and Tesla Model 3.
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
