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SpaceX Falcon Heavy rocket to launch record-breaking communications satellite
A report on the latest in a long line of SpaceX launches significantly delayed by customer payload readiness has been updated to confirm that the satellite in question will launch on Falcon Heavy, not Falcon 9.
Hughes revealed that it had selected SpaceX to launch its Maxar-built Jupiter-3 geostationary communications satellite during an industry conference on March 21st, 2022. At the time, Hughes stated that the satellite was on track to launch in the fourth quarter of 2022, a refinement but also a delay from earlier plans to launch sometime in H2 2022. Just six weeks later, manufacturer Maxar reported that the completion of Jupiter 3 – like many other Maxar spacecraft – had been delayed, pushing its launch to no earlier than (NET) “early 2023.”
At the same time, Maxar revealed that Jupiter 3 – also known as Echostar 24 – was expected to weigh around 9.2 metric tons (~20,300 lb) at liftoff when that launch finally happens. That figure immediately raised some questions about which SpaceX rocket Hughes or Maxar had chosen to launch the immense satellite.
Earlier on, regulatory documents revealed that Jupiter 3 would have a dry weight of 5817 kilograms (~12,825 lb). In July 2018, SpaceX broke the record for heaviest commercial geostationary satellite launch when a Falcon 9 rocket successfully delivered Telesat’s 7076-kilogram (15,600 lb) Telstar 19V to geostationary transfer orbit (GTO). To account for the satellite’s weight and still allow for Falcon 9 booster recovery, SpaceX launched Telstar 19V to a transfer orbit with its apogee (high point) well below geostationary orbit, meaning that the satellite had to do more of the work of orbit-raising. In other words, it wasn’t inconceivable that Jupiter 3 would also be launched to a low (subsynchronous) GTO on a recoverable Falcon 9.
However, in hindsight, Jupiter 3’s 5.8-ton dry mass should have already made it clear that that was unlikely. Telstar 19V, for example, had a reported dry mass of just over 3 tons (~6700 lb), meaning that more than half its wet mass was fuel for orbit-raising and maneuvers. In more normal cases, large geostationary satellites tend to launch with an extra 50-80% of their dry mass in fuel, not ~130%. Even at the low end of large geostationary satellites, Jupiter 3 was likely to have a launch mass of well over 8 tons.
Small bit of breaking news at this session: The @HughesConnects Jupiter 3 satellite will be launched on a @SpaceX rocket. #SATShow— Seth Miller (@WandrMe) March 21, 2022
At 9.2 tons, Jupiter 3 will leapfrog the world record for the largest commercial geostationary satellite ever launched by 30%. Barring the possibility of secret military spacecraft, it will likely be the heaviest spacecraft of any kind to reach geostationary orbit 35,785 km (22,236 miles) above Earth’s surface. More importantly, Jupiter 3 may also have the heaviest dry mass of any spacecraft to reach GEO, meaning that the actual hardware it will use to fill its role as a communications hub will also be exceptionally large and powerful. Jupiter 3 will deliver a maximum bandwidth of 500 gigabits per second.
With its exceptional heft, a recoverable Falcon 9 launch may have only been able to loft Jupiter 3 around half the way to GTO from low Earth orbit (LEO). It was little surprise, then, to learn that Hughes and Maxar had actually selected SpaceX’s far more capable Falcon Heavy rocket to launch the satellite. Even with full recovery of all three Falcon Heavy first-stage boosters, there’s a good chance that the rocket would be able to launch Jupiter 3 most of or all the way to a nominal geostationary transfer orbit. If the center core is expended and the side boosters land at sea, Falcon Heavy would likely be able to launch Jupiter 3 to a highly supersynchronous GTO, meaning that the spacecraft’s apogee would end up well above GEO. For example, on Falcon Heavy’s Block 5 launch debut, the rocket sent the ~6.5-ton (~14,250 lb) Arabsat 6A communications satellite to a GTO with an apogee of almost 90,000 kilometers (~56,000 mi), shaving about 20% off of the satellite’s orbit-raising workload.
Falcon Heavy’s Jupiter 3 mission won’t beat the record for total payload to GTO in a single launch, held by Arianespace’s Ariane 5 rocket after a 2021 mission to GTO launched two communications satellites weighing 10.27t, but it will be just one ton shy.
Jupiter 3 is the 10th mission firmly scheduled to launch on SpaceX’s Falcon Heavy rocket between now and 2025.
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.
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.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
