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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.
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
