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USAF photographer James Rainier's remote camera captured this spectacular view of Falcon Heavy Block 5 side boosters B1052 and B1053 returning to SpaceX Landing Zones 1 and 2. (USAF - James Rainier) USAF photographer James Rainier's remote camera captured this spectacular view of Falcon Heavy Block 5 side boosters B1052 and B1053 returning to SpaceX Landing Zones 1 and 2. (USAF - James Rainier)

SpaceX

SpaceX’s flawless Falcon Heavy Block 5 launch and landing in pictures

USAF photographer James Rainier's remote camera captured this spectacular view of both Falcon Heavy Block 5 side boosters returning to SpaceX Landing Zones 1 and 2. (USAF - James Rainier)

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In the afterglow of SpaceX’s successful Falcon Heavy Block 5 debut, also the rocket’s first commercial mission, there is no better time to appreciate the countless dozens upon dozens of photos and videos taken of Falcon Heavy’s launch and back-to-back booster landings.

Teslarati photographers Tom Cross and Pauline Acalin were both on the ground with more than eight cameras split between them, many of which were able to capture some spectacular photos of the world’s largest rocket throughout its flawless commercial debut. Perhaps most notable are photos and videos from those with cameras (or job sites) near SpaceX’s Cape Canaveral Landing Zones 1 and 2, in some cases producing videos of the multiple sonic booms produced by Falcon Heavy’s side boosters during the transition from hypersonic to subsonic speeds.

https://twitter.com/_TomCross_/status/1116551150415704074

Both Teslarati photographers produced some amazing photos over the course of setting up cameras to capture Falcon Heavy and observing its commercial launch debut from approximately 7 miles (11.3 km) away. This included distant shots of Falcon Heavy during all visible stages of flight, including liftoff, ascent, side booster separation, and both side booster landings.

https://twitter.com/_TomCross_/status/1116477327213506560
Tom Cross captured this view of Falcon Heavy Flight 2’s liftoff from nearly seven miles away. (Tom Cross)
An incredible pano of Falcon Heavy Block 5 while still horizontal at Pad 39A. (Pauline Acalin)

Inside the splash zone

SpaceX’s own official remote cameras then joined press photographers like Tom and Pauline to capture Falcon Heavy’s Pad 39A liftoff from a distance that would likely maim or kill a human standing in the same position. Triggered to snap photos by the actual sound of the rocket launching, these cameras can capture views that would otherwise be nearly inaccessible.

At liftoff, Falcon Heavy Block 5 likely produces anywhere from 5.1-5.6 million pounds of thrust (23,000-25,500 kN) that is immediately countered by a huge deluge of water used to prevent the sheer sound of its Merlin 1D engines from damaging themselves or other parts of the rocket. This ends up producing spectacular clouds of steam, often an iconic feature of most rocket launches. Falcon Heavy is currently the most powerful operational rocket in the world by a factor of ~2.5 and will hold on to that title until NASA’s SLS rocket debuts, likely no less than ~48 months away.

Falcon Heavy Block 5 lifts off from Pad 39A, April 11th. (Tom Cross)
A different angle of Falcon Heavy Flight 2’s liftoff from Teslarati photographer Pauline Acalin. (Pauline Acalin)
An extraordinary view of all 27 of Falcon Heavy’s Merlin 1D engines just seconds after ignition and liftoff. (SpaceX)

The grand finale

Finally, there are the photos and videos of Falcon Heavy’s side booster recovery. Aside from a select few photographers working for SpaceX or the Air Force, as well as Cape Canaveral AFS and Kennedy Space Center employees, the closest a member of the press can get to one of SpaceX’s Landing Zone Falcon recoveries is around four miles (6.4 km) away. Photos (and the aural experience) of Falcon landings from four miles away are still absolutely spectacular, but they can’t compete with the privileged access described above.

One such video taken by a United Launch Alliance (ULA) engineer offers an extraordinary up-close view of both Falcon Heavy Block 5 side boosters – B1052 and B1053 – safely returning to Earth after their first operational launches. Likely standing near the top of ULA’s LC-37 Delta IV launch pad integration facilities, Mr. Krishnan’s video does an excellent job of capturing the excitement of experienced observers, as well as the bone-rattling power of the sonic booms Falcon boosters produce in the process of landing. Of note, the extreme roar and crackling of each Falcon Heavy side booster’s landing burn is performed by a single Merlin 1D engine, of which both have nine.

https://twitter.com/sreyasmusic/status/1116474677109587969

Located less than 3.5 miles (5.6 km) away from SpaceX’s Landing Zones, this is a perspective that very few humans will ever experience, owing to the fact Cape Canaveral Air Force Station is an operational military base and that being so close undeniably adds some level of risk for observers. In the author’s humble opinion, the view seems… worth it. LC-37 also happens to be just 5 miles (8 km) away from the LC-39A pad from which Falcon Heavy had just launched, thus offering an almost equally visceral view of liftoff, ascent, and landing.

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Cameras placed near the Landing Zones by both SpaceX and USAF photographers captured even more spectacular views and marked the conclusion of the launch and landing debuts of Falcon Heavy boosters B1052 and B1053. These same boosters are tentatively scheduled to support Falcon Heavy’s third launch as soon as June 2019, potentially breaking SpaceX’s internal record for time to complete a given booster’s refurbishment (72 days for Falcon 9, 74 days for Block 5). However, once Falcon Heavy Flight 3 is completed sometime later this year, it’s possible that SpaceX will replace their nosecones with interstages and return the rockets to the active fleet of Falcon 9 boosters, something made possible by design changes incorporated in the Block 5 upgrade.

Falcon Heavy boosters B1052 and B1053 approach Landing Zones 1 and 2 ahead of their inaugural landings. (SpaceX)
USAF photographer James Rainier’s remote camera captured this spectacular view of both Falcon Heavy Block 5 side boosters returning to SpaceX Landing Zones 1 and 2. (USAF – James Rainier)
Closer… (SpaceX)
Mission complete! Taken by Airman Alex Preisser, this photo shows B1052 and B1053 shortly after coming to a rest at SpaceX’s Landing Zones. (USAF – Alex Preisser)

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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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.

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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.”

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Elon Musk

SpaceX’s Elon Musk relieves worries about orbital data centers

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)
Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX CEO Elon Musk recently confronted worries about orbital data centers and launching satellites in mass quantities in space, as some voiced concerns about crowding.

Musk’s SpaceX plans to combat the issue of needing data centers by launching them into space instead of taking up valuable real estate on Earth. It has been a major point of SpaceX’s future, including its looming IPO, which could be the largest ever.

In a recent interview filmed at SpaceX’s Starlink terminal factory in Bastrop, Texas, Elon Musk directly addressed concerns that deploying large numbers of AI satellites for orbital data centers could crowd Earth’s orbit. His message was straightforward and reassuring: space is vast beyond human intuition.

“Space is really big,” Musk said. “It’s not like space is gonna get crowded. Space is enormous. If you actually look at it relative to the Earth, the satellites are so tiny you can’t even see them.” He emphasized that even zooming in makes a satellite appear large, but from a planetary perspective, they are minuscule specks.

Musk pointed to SpaceX’s real-world experience operating roughly 10,000 Starlink satellites as evidence that large constellations can be managed safely. “We’ve got a pretty good idea of how to operate just really large constellations and do it safely,” he noted. SpaceX remains the only operator with meaningful experience at this scale, giving the company unique insight into tight orbital packing without compromising safety

The discussion highlighted SpaceX’s plans for “AI1” satellites—essentially orbiting racks of AI compute powered by massive solar arrays and cooled via radiative panels in space’s vacuum.

These satellites leverage proven Starlink V3 technology, making them simpler to design than communications satellites. A first-generation unit targets around 150 kW peak power, with a 70-meter wingspan for solar panels and radiators. Laser links will connect them to each other and the Starlink network, delivering low-latency access (on the order of a few milliseconds from low-Earth orbit).

FCC accepts SpaceX filing for 1 million orbital data center plan

Musk framed orbital data centers as a practical solution to Earth’s constraints on AI growth. Ground-based facilities face power shortages, water demands for cooling, and grid limitations. In space, constant sunlight (no day-night cycle), vacuum radiative cooling, and abundant solar energy offer clear advantages.

Production will ramp up at an expanded “Gigasat” factory in Bastrop, with solar manufacturing already underway and full AI satellite output expected at reasonable volume by the end of 2027. Starship’s rapid, high-volume launch capability, aiming for multiple flights per hour, will make massive deployment feasible.

Critics sometimes raise risks like space debris or Kessler syndrome, but Musk’s response underscores scale: even a million satellites would represent an imperceptible fraction of available orbital volume when viewed against Earth’s size. SpaceX’s automated collision avoidance and deorbiting designs for Starlink further mitigate concerns.

This vision ties into broader ambitions. Musk sees orbital AI compute as a step toward harnessing more of the Sun’s energy, advancing humanity on the Kardashev scale from a Type 0 civilization toward Type 1 and eventually Type 2. By moving power-hungry data centers off-planet, SpaceX aims to unlock orders-of-magnitude more compute while preserving Earth’s resources.

Musk’s comments should ease public anxiety. With proven operational expertise, incremental engineering, and the immensity of space itself, orbital data centers represent not overcrowding, but smart expansion into the final frontier.

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Investor's Corner

SpaceX IPO set to provide massive $11.6B windfall for teacher pension plan

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SpaceX Starship V3 from Starbase, Texas on April 14, 2026

The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.

According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.

At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.

The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.

SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.

Important pieces moving forward include:

  • Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
  • Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
  • AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
  • Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.

The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.

For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.

For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.

SpaceXAI just launched into your kitchen with their new app

All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.

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