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SpaceX delivers largest commercial satellite in kick off of Falcon 9 marathon
SpaceX has successfully completed its 13th launch of 2018, kicking off a marathon of three new Falcon 9 Block 5 booster debuts with the launch of the Telstar 19V communications satellite, potentially breaking the record for the largest commercial satellite ever launched at 7000 kg (15,500 lb).
Despite the heft of its payload and partially thanks to a slightly lower parking orbit for the satellite, Falcon 9 booster B1047 – the second Block 5 booster to roll off the assembly line – managed to successfully land aboard the autonomous spaceport drone ship (ASDS) Of Course I Still Love You (OCISLY), stationed approximately 650 km (400 mi) off the Florida coast at launch time.
While the booster was unable to maintain a live video feed through its high-speed reentry and Atlantic landing, SpaceX’s cameras on OCISLY managed to reconnect a few seconds after touchdown to show the 50-meter (160-foot) tall rocket safely resting on the drone ship. As the webcast host noted, Falcon 9 Block 5 features a number of prominent upgrades designed to enable levels of reusability and reliability essentially unprecedented in the world of orbital rocketry.
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- B1047 created an extraordinary ring vortex rainbow as it smashed through Max Q, the point of highest aerodynamic stress on the rocket. (Tom Cross)
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- B1047 before the launch of Telstar 19V. (Tom Cross)
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- B1047 before the launch of Telstar 19V. (Tom Cross)
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- B1047 before the launch of Telstar 19V. (Tom Cross)
Rocket trials
Now more than two months after the first Block 5 booster’s – B1046 – debut in May 2018, the software engineer hosting SpaceX’s Telstar 19V webcast was likely speaking more from a place of experience than of hope. Per CEO Elon Musk’s press call just prior to Block 5’s debut, he noted that SpaceX intended to conduct an extensive analysis of that pathfinder booster, including significant disassembly and perhaps some limited destructive testing of certain critical or high-risk components. Musk didn’t expect B1046 to fly for at least another “couple of months”.
This is critical because SpaceX’s manifest over the next several weeks is fairly aggressive – Iridium-7 is scheduled to lift off from Vandenberg, CA three days from today (July 25th), the next Florida launch is aiming for a static fire next weekend and a launch NET 1:19 am EDT August 2, and the second imminent Florida mission is penciled in for launch NET 11:35 pm EDT August 17. Those rapid-fire Florida launches will push both SpaceX’s pad and drone ship turnaround capabilities to their limits, requiring almost non-stop work to ensure both are available for the next mission in two weeks or less.
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- SpaceX’s West Coast landing zone is preparing for its debut, currently NET October 6th 2018. (Pauline Acalin/Teslarati)
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- Falcon 9 B1047 prepped for launch at Pad 40, July 21. (SpaceX)
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- Prior to liftoff, Falcon 9 and Falcon Heavy are held down by massive “hold-down clamps” at the rocket’s base. Even after engine ignition, those clamps only release once the flight computer decides that the rocket is healthy. (Pauline Acalin)
Not to be (at least relatively) one-upped, SpaceX’s Vandenberg launch pad – known as SLC-4E – is scheduled to push its own turnaround limits by flying two missions in roughly 40 days, just shy of the current SpaceX record of 36 days between launches. Perhaps more excitingly, that September 4 SAOCOM 1A mission looks like a prime candidate for the debut of SpaceX’s yet-unused Californian landing zone, barely spitting distance from the SLC-4E launch pad.
Still, the question remains: what boosters are going to launch these four missions?
- B1051 is not believed to have left the Hawthorne, CA factory yet, and has been stated by NASA to be reserved for the first uncrewed Crew Dragon mission (DM-1), unlikely to occur before Q4 2018.
- B1050 is currently on-stand in McGregor, TX and is likely to be shipped to a launch pad within a week or two.
- B1049 was almost certainly shipped to Florida to support either of the two upcoming August launches.
- B1048 will launch Iridium-7 on July 25, land on Just Read The Instructions, and likely remain in California for future VAFB missions.
- B1047 just successfully launched Telstar 19V (July 22) and will be brought back to Port Canaveral over the next several days before heading to one of SpaceX’s Florida refurbishment facilities, presumably to prepare for an imminent future launch.
- B1046 is likely disassembled in Hawthorne, CA, unable to support a launch for another few weeks – perhaps it’s nearly ready, however
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)
Put simply, it seems almost impossible for SpaceX to accomplish its ambitious manifest over the next 4-6 weeks without reusing a freshly-recovered Falcon 9 Block 5 booster. B1046 is a possibility, as is B1047 or B1048, although the latter two options would smash SpaceX’s previous record for Falcon booster turnaround (~70 days) by more than half, requiring in a return to shore, refurbishment or nondestructive analysis, and preparation for a static fire in as few as ~14-21 days.
Regardless, B1047’s successful Telstar 19V launch and landing have kicked off what is bound to be an extremely exciting period for SpaceX and its aspirations of highly-reusable rocketry.
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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.
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
