SpaceX
SpaceX fires up Falcon Heavy Block 5 for the first time, launch date announced
SpaceX has successfully ignited a Block 5 variant of its Falcon Heavy rocket for the first time ever, also marking the second-ever integrated static fire of the heavy-lift launch vehicle. According to SpaceX, the company will aim for an extraordinary four-day turnaround from static fire to launch, targeting liftoff as early as 6:36 pm EDT (22:36), April 9th.
Captured in a spectacular 4K video from a few miles away, it appears that the giant rocket managed to ignite all 27 Merlin 1D engines for no more than 3-4 seconds, an average length for Falcon 9 but quite a bit shorter than the 7-10 seconds Falcon Heavy fired for during its Flight 1 preparations.
During the Block 5 rocket’s first-ever integrated ignition test, all 27 Merlin 1D engines were (nominally) ignited in sequence, albeit just a handful of milliseconds apart from each other. During Falcon Heavy’s inaugural static fire and launch, CEO Elon Musk indicated that performance was capped at ~92% – 4.7 million pounds (~2115 metric tons) of thrust – for unspecified reasons. Assuming SpaceX has decided to uncap Falcon Heavy’s performance this time around, the rocket could have produced upwards of 5.6 million pounds (2550 metric tons) of thrust and will – again, according to Musk – have “way more performance than last year’s vehicle.” On top of the 8% increase from uncapping the rocket’s performance, Falcon 9 Block 5 introduced an additional 10% thrust increase for Merlin 1D engines, ultimately raising Falcon Heavy’s max thrust by a spectacular 20% in just one year.
With three times as many boosters as a single core Falcon 9 rocket, a Falcon Heavy static fire fundamentally produces as much as 100% more (2X as much) data as Falcon 9 during, requiring a fair bit more time to have engineers comb through it to verify vehicle health. The ultimate goal is for the vast majority of this work to be done by the rocket itself, which is actually what ends up shining through during what is known as the ‘quick-look review’ that shortly follows static fires, but Falcon Heavy is likely too new of a rocket for that just yet.
To temper expectations for this highly-anticipated launch, SpaceX took more than eight days to take Falcon Heavy Flight 1 from a planned static fire attempt to actual ignition, with an additional 13 days separating the successful static fire and the first official launch window. The consequences of sidestepping caution with Falcon Heavy could reach as high as the near-complete destruction of SpaceX’s Launch Complex 39A pad facilities, an absolutely mission-critical foundation for the first attempted crew launch of Crew Dragon and future astronaut launches to the International Space Station (ISS). As such, any unnecessary risk itself risks raising the ire of NASA and the US government in general, as it would also fundamentally be a conscious decision to risk the stability of US access to the Space Station for the sake of shaving a few days or weeks off of a commercial launch schedule.
SpaceX typically provides an update via Twitter 15-60 minutes after a Falcon preflight static fire test to announce whether the data generally looks good or if additional time is needed to analyze the rocket’s performance. According to a since-deleted USAF 45th Space Wing tweet, a healthy-looking static fire from Falcon Heavy Flight 2 would pave the way for a launch attempt no earlier than 6:36 pm EDT (22:36 UTC), April 9th.
This article will be updated with any additional information about Falcon Heavy’s health and launch date targets as soon as it becomes available.
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Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
Elon Musk
SpaceX considering confidential IPO filing this March: report
The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.
SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.
The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter.
As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.
SpaceX did not immediately respond to requests for comment.
A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.
Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.
Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.
At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.
The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.
Elon Musk
Elon Musk outlines plan for first Starship tower catch attempt
Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
Elon Musk has clarified when SpaceX will first attempt to catch Starship’s upper stage with its launch tower. The CEO’s update provides the clearest teaser yet for the spacecraft’s recovery roadmap.
Musk shared the details in recent posts on X. In his initial post, Musk confirmed that Starship V3 Ship 1 (SN1) is headed for ground tests and expressed strong confidence in the updated vehicle design.
“Starship V3 SN1 headed for ground tests. I am highly confident that the V3 design will achieve full reusability,” Musk wrote.
In a follow-up post, Musk addressed when SpaceX would attempt to catch the upper stage using the launch tower’s robotic arms.
“Should note that SpaceX will only try to catch the ship with the tower after two perfect soft landings in the ocean. The risk of the ship breaking up over land needs to be very low,” Musk clarified.
His remarks suggest that SpaceX is deliberately reducing risk before attempting a tower catch of Starship’s upper stage. Such a milestone would mark a major step towards the full reuse of the Starship system.
SpaceX is currently targeting the first Starship V3 flight of 2026 this coming March. The spacecraft’s V3 iteration is widely viewed as a key milestone in SpaceX’s long-term strategy to make Starship fully reusable.
Starship V3 features a number of key upgrades over its previous iterations. The vehicle is equipped with SpaceX’s Raptor V3 engines, which are designed to deliver significantly higher thrust than earlier versions while reducing cost and weight.
The V3 design is also expected to be optimized for manufacturability, a critical step if SpaceX intends to scale the spacecraft’s production toward frequent launches for Starlink, lunar missions, and eventually Mars.
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