News
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.
-
- 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)
-
- LZ-1’s operational landing pad has seen hosted multiple successful landings from 2016-2017. (SpaceX)
-
- 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!
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”
