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SpaceX converts Falcon Heavy booster into Falcon 9
More than two years after the rocket’s last launch, SpaceX appears to have finally decided to give at least one of two surviving Falcon Heavy Block 5 cores a new lease on life as a Falcon 9 booster.
Known as B1052, the Falcon Heavy side core or booster debuted in April 2019 as part of the first flight of the rocket’s Block 5 variant, successfully launching Saudi Arabia’s large Arabsat 6A communications satellite to an almost 90,000 km (56,000 mi) transfer orbit. Following in the footsteps of the first Falcon Heavy, the first Block 5 vehicle repeated its predecessor’s iconic double-landing back at Cape Canaveral. Just 74 days later, both Falcon Heavy Block 5 side boosters B1052 and B1053 launched again, this time supporting the US military’s long-delayed STP-2 rideshare and qualification mission.
Once again, B1052 and B1053 stuck near-simultaneous landings at SpaceX’s Landing Zones. Both missions’ center cores, however, weren’t so lucky. During Arabsat 6A, the first Falcon Heavy Block 5 center core did successfully land but high seas eventually toppled the booster, destroying it and leaving few intact remains. During STP-2, CEO Elon Musk revealed that SpaceX didn’t actually expect to recover the mission’s replacement center core due to the exceptionally hot reentry it would need to survive. As predicted, the center core did not survive, with Musk later reporting that the hot reentry damaged thrust vectoring hardware, causing the rocket to veer off course.
Thankfully, both side boosters aced all four of their collective landings. However, despite previous statements from Musk indicating that Falcon’s new Block 5 design made it fairly easy to convert Falcon first stages between Falcon 9 and Falcon Heavy side booster configurations, both B1052 and B1053 dropped off the face of the Earth immediately after completing STP-2. Only in September 2021, 27 months later, did one of the two cores finally reappear in public – sans landing legs and grid fins but with a nosecone still installed.
As is now clear, that surprise appearance after years in storage was no coincidence. A bit less than three months later after the mystery Falcon Heavy side booster was spotted rolling down a Kennedy Space Center highway from a Cape Canaveral storage hangar to a new SpaceX facility, one of the two side boosters (B1052) was spotted once again – this time with landing legs and a Falcon 9 interstage installed where a nosecone once sat.
Aside from having clearly been converted into a Falcon 9 booster, former Falcon Heavy side booster B1052 was also mated to a new expendable upper stage – a strong indication of an imminent launch. Word on the ground is that the rocket and transporter were on their way to SpaceX’s Cape Canaveral Space Force Station (CCSFS) LC-40 pad for the company’s planned December 18th launch of Turkey’s Turksat 5B communications satellite.
Following SpaceX’s successful NASA IXPE launch on December 9th, the company has two more East Coast launches planned before the end of the year: Turksat 5B NET December 18th and CRS-24 NET December 21st. Several other Falcon 9 boosters (save for B1062, which is probably assigned to CRS-24) are likely available to launch Turksat 5B, so B1052’s assignment – while not implausible – isn’t guaranteed.
Above all else, B1052’s second life as a Falcon 9 is exciting because it means that B1053 probably isn’t far behind it, meaning that SpaceX’s fleet of operational Falcon boosters is about to grow significantly in a short period of time. As of now, that fleet contains eight Falcon 9 boosters that have each completed an average of more than six orbital-class launches. Half have flown nine times. Aside from expanding that fleet by 25%, the reintroduction of B1052 and B1053 will free up SpaceX to retire older boosters like B1049 and B1051, which CEO Elon Musk has said are slower and more expensive to reuse.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla confirmed this morning that it has sent the first production units, manufactured with no steering wheel or pedals, to on-road testing in Austin, sharing video of the first rides with no human controls.
The lack of steering wheels and pedals in the Cybercab aligns with Tesla’s self-certification of Robotaxi as Level 4 SAE, a platform it plans to make widespread through internal vehicles and customer-owned cars that will operate and generate revenue for individuals.
The start of these engineering tests is a major signal for Tesla, which plans to bring driverless, wheel-less, and pedal-less Cybercabs to market in the coming months. With production already well underway at Gigafactory Texas, where the Cybercab is built, there is some inclination to believe the first public rides could happen sooner rather than later.
Engineering tests of the first production Cybercab have begun in Austin pic.twitter.com/fk3KQvcE8a
— Tesla (@Tesla) June 30, 2026
Tesla’s engineering tests will put the Cybercab in real-world scenarios, testing not only the hardware, but more importantly, the software that drives the car around Austin with nobody supervising it within the car.
This is perhaps the biggest part of the internal testing process, especially prior to allowing regular, everyday people to hail the Cybercab for an autonomous ride. These early rides serve as a true benchmark for Tesla: How many rides can it achieve safely? How many miles did it travel consecutively without needing an intervention? What scenarios challenge the Full Self-Driving suite the most?
The proper precautions have already been put into place as well, as Tesla released the First Responders Guide to Cybercab over the weekend, ensuring that emergency services have 24/7 access to Robotaxi Assistance, as well as other boundaries, such as Geofencing features that can be used to redirect autonomous vehicle traffic due to accidents, road closures, construction, or maintenance.
Cybercab seems genuinely close to being added to the Robotaxi fleet in Austin, but Tesla has prioritized safety throughout this entire process. Therefore, we think it could be months before it truly starts giving rides to the public. People have been frustrated with this, but Robotaxi in Austin has a tremendous safety record so far, so the slow rollout has kept people safe and accidents to a minimum.
The most important thing is that Tesla continues to show consistent progress in the Cybercab’s ramp-up toward fleet addition. A few weeks back, we saw the EPA reward the Cybercab a Certificate of Conformity, allowing it to enter the stream of commerce. Then, we saw Tesla add decals, signaling that it was likely about to start testing it publicly. That has now happened.
The next big move will be the announcement of the first rides, so this Summer should be filled with anticipation.
SpaceX gets initial stock coverage from Tesla’s biggest bull
Tesla expands massive safety feature worldwide in latest update
