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SpaceX’s massive Falcon Heavy rocket aims for December 29 inaugural launch
Based on information released by NASASpaceflight.com, a highly reliable source of insider details, SpaceX’s first Falcon Heavy rocket could roll out to the LC-39A launch pad before the end of November, less than a month away. While the first roll-out (or two) will be dedicated solely to “Wet Dress Rehearsals” (WDR), this will be the first time the iconic vehicle makes it to the pad, and will be a historic event regardless of what follows.
No earlier than (NET) “late-November”, the first WDR will see Falcon Heavy go through the usual motions of propellant loading while also conducting an array of systems checks and validations to verify that things are proceeding as expected. This first test will not culminate in any sort of hot-fire, and is more intended to verify that the massive rocket is playing well with the modifications made to the launch pad and the Transporter/Erector/Launcher (TEL) that carries it from the integration facilities to the pad. If major issues come up, they will be dealt with and followed by a second identical WDR. If there are no issues with the first WDR, the second rehearsal could smoothly morph into the first static fire of the integrated vehicle.
As Chris Gebhardt of NSF discusses in some detail, the first Falcon Heavy static fire(s) conducted at LC-39A will be of groundbreaking importance, as SpaceX is currently unable to test fully-integrated Falcon Heavy vehicles at its McGregor, Texas facilities due to the rocket’s sheer power. A lot, thus, rests on these first static fires, currently scheduled to begin around December 15th.
Falcon Heavy and Dragon 2 could one day enable circumlunar space tourism. (SpaceX)
Given the distinctly experimental nature of Falcon Heavy’s inaugural launch, specific dates are best taken as general placemarkers, and the actual dates of the first flow depend entirely upon the tests that precede each subsequent step. Nevertheless, the dates provided by NASASpaceflight point to Falcon Heavy’s first static fire on December 15th, followed two weeks later by a tentative launch date of December 29th.
Staying focused on Mars: Is Falcon Heavy necessary?
Even an uncertain launch date of that specificity is still a historic event for Falcon Heavy, long lampooned and straw-manned as an example of SpaceX’s silly pie-in-the-sky claims and Elon Musk’s oversimplification of complex engineering tasks. There is a grain of truth to such contentions, but they tend to miss the point by huge margins. The actual market for mid-level heavy-lift launch vehicles like Falcon Heavy is quite simply too small to be a major motivator for a commercial launch company like SpaceX. One must remember that SpaceX was not founded to be a run-of-the-mill launch provider. The company’s goal, as has been reiterated ad infinitum, is “enabling human life on Mars”, something that has explicitly prefaced every single job posting on the company’s website for more than half a decade.
For a time, it appeared that Falcon Heavy might eventually be used to enable SpaceX’s Red Dragon program, intended to field-test the technologies needed for month-long cruises in deep space and landing large payloads on Mars. However, the program was cancelled earlier this year, in favor of what Musk called “vastly bigger ships”. Indeed, updated Mars plans unveiled on September 29th showed that SpaceX was forging ahead with an updated BFR and BFS, and hopes to fly its first missions to Mars in 2022.
SpaceX’s massive BFR, intended to create and support a human colony on Mars, is visualized taking to the sky. Experience from operating Falcon Heavy will likely benefit BFR once it eventually begins hot-fire testing. (SpaceX)
Falcon Heavy will admittedly become the most powerful operational launch vehicle when it first lifts off in approximately two months, and it will likely retain that title well into 2020, when NASA’s Space Launch System may conduct its first launch. However, regardless of the impressive technological accomplishments it will embody, Falcon Heavy simply is not powerful or affordable enough to ever realistically enable a sustained human presence on Mars. SpaceX does have a small number of customers actively waiting with payloads for Falcon Heavy – its second mission is currently penciled in for June 2018 – and it is reasonable to assume that some or all of those missions will be completed simply out of due diligence. SpaceX may also be motivated to continue the Falcon Heavy program as a possible entrant in a recently-announced USAF competition meant to partially fund the development of multiple US-built heavy-lift launch vehicles.
More simply still, experience derived from igniting and simultaneously operating Falcon Heavy’s 27 Merlin 1D rocket engines will to some extent benefit BFR’s development and operations, as the conceptual vehicle is currently expected to host 31 Raptor engines on its first stage.
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- Taken on October 9th by Ted Meyer, this airborne shot shows that LZ-1’s second pad (on the left) is close to completion. (tedwardmeyer/Instagram)
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- LZ-1’s operational landing pad has seen hosted multiple successful landings from 2016-2017. (SpaceX)
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- The base of the TEL now sports multiple additional launch clamps (large grey protrusions) that will be needed for Falcon Heavy’s three first stage cores. (SpaceX)
Whether Falcon Heavy is to remain a development or production priority for SpaceX after its first several launches is unclear, but the vehicle’s inaugural launch and all subsequent launches are bound to be spectacles to behold. The company’s second Florida-based launch pad, intended to support two simultaneous landings of Falcon Heavy’s side boosters, appears to be nearly complete. At LC-39A, the facility’s TEL already sports major visible modifications necessary for it to operate with Falcon Heavy. All three of the first Heavy’s first stage cores have already completed hot-fire testings in Texas and are now located at Cape Canaveral, awaiting their first integrated tests later this month. Delays to the December 29th launch date are probable, but the various components needed for Falcon Heavy’s first launch have truly come together, and the vehicle’s launch is now simply a matter of “when”. Place your bets!
In the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
The Tesla Model 3’s cheapest trim level just got a major accolade, as Edmunds just revealed the Rear-Wheel-Drive trim of the all-electric sedan is the most efficient EV that is currently in production.
The 2026 Tesla Model 3 Rear-Wheel-Drive not only beat its EPA-estimated range by 30 miles, but it also bested its efficiency mark by 13.2 percent. The Model 3 tested by Edmunds traveled 393 miles, beating its EPA rating by 8.3 percent, while it returned 21.7 kWh per 100 miles, or 4.61 mi/kWh.
Beating those two metrics is especially pertinent when it comes to EV ownership and driving down the cost of ownership from ICE counterparts across the board. The real money savings come from driving down the cost of driving per mile, especially when it comes to high-mileage driving.
Edmunds stated in its report and review that the process it uses to test EV efficiency is aimed at giving “the most accurate representation of a car’s real-world range.” The assessment uses a strict route that features 60 percent city and 40 percent highway driving, and an average speed of 40 MPH across the trip.
It also drives each car within 5 MPH of all posted speed limits, and the climate control is set on Auto at 72 degrees to ensure even testing. In other words, Edmunds does not use methods to maximize efficiency, and instead tries to make it reasonable to achieve the same ratings yourself.
In comparison to other EVs, it beat the 2026 Mercedes-Benz CLA 350, which went 385 miles, as well as the 2026 Audi A6 Sportback E-tron Prestige AWD, which traveled 392 miles. Only the Mercedes-Benz CLA 250+ traveled farther, making it an impressive 434 miles on a charge.
However, the Tesla Model 3 RWD’s efficiency is “unmatched” because of its incredibly low energy usage per mile.
🚨 Tesla Model 3 RWD:
-At $36,990, it is $9,000 cheaper than the average transaction price for a new car ($46,023 via KBB)
-Was 13.2% more efficient than its EPA estimate
-Traveled 393 miles on a charge despite its 363-mile EPA range https://t.co/Grov2hXqpa pic.twitter.com/Zl8rnZZLIB
— TESLARATI (@Teslarati) June 8, 2026
The Model 3 Rear-Wheel-Drive might be the best bang-for-your-buck EV if you’re looking to buy new and want access to features like Full Self-Driving, while also being aware of efficiency. This trim of the Model 3 is also priced over $9,000 cheaper than what Kelley Blue Book says the average transactional price for a new car was in May 2026, which sits at $46,023.
If you’re looking for something with more speed, an All-Wheel-Drive drivetrain, or more premium features, the Premium trims of the Model 3 currently come with one year of Free Supercharging.
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.
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.
Tesla tipped its hand at where Robotaxi is heading next
Tesla Model 3’s cheapest trim just got a major accolade
