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SpaceX to ring in Falcon 9 Block 5 future with record-speed Block 4 reuse
SpaceX is days away from effectively bringing to a close an era of moderately reusable Falcon 9s that paved the way for the company’s Block 5 rocket upgrade, designed to dramatically improve reliability and reusability. As if foreshadowing the future its culmination will ring in, the CRS-15 mission will beat SpaceX’s previous record for back-to-back Falcon 9 booster launches by nearly a factor of two.
Scheduled to launch at 5:42 am EDT June 29, the CRS-15 Cargo Dragon mission will be SpaceX’s fourth launch of an orbital, flight-proven spacecraft, and will also cut almost two months off of the Falcon 9 booster refurbishment process. The particular booster, number B1045, launched just two months ago on April 18 before landing aboard SpaceX’s Atlantic drone ship Of Course I Still Love You (OCISLY). After returning to shore, the rocket was transported by road the short few miles from Port Canaveral to Kennedy Space Center and SpaceX’s LC-39A integration facilities, where it is believed to have spent the last nine weeks undergoing moderate repairs, part replacements, and checkouts. Just yesterday, the once-flown booster took to Launch Complex 40 (LC-40) for the second time to complete a preflight static fire, intended to ensure that the rocket is healthy before launch.
Rocket and spacecraft for CRS-15 are flight-proven. Falcon 9’s first stage previously launched @NASA_TESS two months ago, and Dragon flew to the @Space_Station in support of our ninth resupply mission in 2016.
— SpaceX (@SpaceX) June 23, 2018
In reality, the actual time available for B1045’s refurbishment was thus several days less than two months – the only other routinely reusable rocket, the Space Shuttle, lays claim to a fairly staggering record of just 26 days of actual refurbishment, although it’s worth considering the fact that a single one of the Shuttle’s 3 RS-25 rocket engines have been estimated to cost as much as $60 million, considerably more than two thirds of the price of an entire SpaceX mission for NASA.
The first Block 5 Falcon 9 lifts off on May 4, 2018. (Tom Cross)
Although CRS-15 will likely see its venerable Block 4 Falcon 9 booster expended in the ocean without a recovery attempt, the speed of Falcon 9 B1045’s refurbishment is thrilling for another, more abstract reason: if the design functions largely as intended, a Falcon 9 Block 5 booster should be able to handily crush that already impressive record with ease, and one will perhaps do just that within a handful of months of this launch.
Currently scheduled for no earlier than (NET) July 19 and late July to early August, the Telstar 19V and 18V communications satellites will require their own Block 5 launches roughly a month from today, and July 20’s Iridium NEXT-7 mission will further require its own Falcon 9 Block 5 booster for a mission from California. It remains to be seen what boosters will launch those three missions, as well as an additional two SpaceX missions tentatively scheduled for August and September.
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- After launching in April 2018, B1045 landed on OCISLY and is being refurbished for a second launch in just 5 days, on June 29. (Tom Cross)
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- Falcon 9 B1045 spied in transport from Port Canaveral to LC-39A, April 24. (Instagram /u/xxxtreme81)
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- B1045 enters SpaceX’s 39A integration and refurbishment facilities, April 24. (Reddit /u/NewRage)
Of note, those upcoming July launches will see both of SpaceX’s drone ships – Just Read The Instructions (JRTI) on the Pacific, OCISLY in the Atlantic – return to action, with JRTI’s return bringing to an end nearly a full year of inactivity. With a heavy summer and fall manifest of all Block 5 Falcon 9s just around the corner, both drone ships are likely to be busier than ever before. Teslarati photographers Tom Cross (Florida) and Pauline Acalin (California) will be there to document the flurry of launches and recoveries on both coasts over the busy second half of 2018.
The drone ship Of Course I Still Love You spotted in Port Canaveral, FL last December. (Instagram /u/ johnabc123)
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 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
