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SpaceX spotted hot-fire testing Falcon 9 Block 5 ahead of its first reflight on August 7
Less than three months after SpaceX debuted its upgraded Falcon 9 Block 5 rocket, the company is set for an unexpectedly sudden inaugural reuse of the first highly reliable and reusable rocket to roll off of the Hawthorne, CA assembly line. Falcon 9 booster 1046 (B1046) is now targeting 1:18 AM EDT, August 7 for its second launch.
Confirmed by visual observation of a sooty Block 5 booster vertical on Cape Canaveral’s Pad 40, this reuse will be just two weeks away from beating SpaceX’s booster turnaround record of 72 days.
Static fire test of Falcon 9 complete—targeting August 7 launch of Merah Putih from Pad 40 in Florida.
— SpaceX (@SpaceX) August 2, 2018
On the ground to visually confirm plans for the historic reuse, Teslarati photographer Tom Cross also managed to capture an intriguing propellant loading and abort test, where SpaceX appeared to intentionally abort a ‘launch’ attempt after rapidly loading a full complement of liquid oxygen (LOX) and rocket-grade kerosene (RP-1).
While not 100% clear why this testing was done today, an extensive understanding of Falcon 9 Block 5’s behavior during propellant late-load and launch abort scenarios are both critical for the reliable operation of the upgraded rockets and invaluable for the first Crew Dragon launches later this year and early next, the latter with astronauts on board. With humans atop the rocket, a deep understanding of the vehicle’s behavior during a wide range of off-nominal scenarios is more critical than ever, be it required by NASA or simply a side effect of due diligence on behalf of SpaceX.
https://twitter.com/_TomCross_/status/1025074341040533504
A new era of reusable rockets
Regardless, the main focus of this mission is to launch a payload for Indonesian operator PT Telkom Indonesia, in this case a ~5800 kg (12800 lb) geostationary communications satellite known as Merah Putih (formerly Telkom 4). On the SpaceX side of things, this mission is absolutely critical for the company’s future – it will mark the (hopefully) successful inaugural reuse of a Falcon 9 Block 5 booster, the first of many dozens or even hundreds to come over the next several years if SpaceX’s can make good on its aspirations.
While not immensely impressive in the sense that B1046’s refurbishment took ~85 days to Block 4’s record 72-day turnaround, that cursory conclusion is far from accurate. The record turnaround with Block 4 booster B1045 was essentially the culmination of more than a year of experience with nearly a dozen Block 3 and Block 4 Falcon 9 reuses. While that experience definitely transferred in part to SpaceX’s first attempt at reusing Falcon 9 Block 5 (and especially so with the actual design of its reusability-focused upgrades), it’s worth noting that the first reuses of Falcon 9s averaged booster turnaround times of 180-250 days, nearly double or triple the time between Block 5’s first-ever launch and that same booster’s first reflight.
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- Falcon 9 B1046 vents during a launch abort test just before its successful static fire, August 2nd. (Tom Cross)
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- Drone ship OCISLY preps for its second Falcon 9 recovery in less than three weeks. (Tom Cross)
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- A new vessel – GO Navigator – joined SpaceX’s fleet on July 31st, taking the place of fairing recovery stand-in GO Pursuit. (Tom Cross)
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- Merah Putih (formerly Telkom 4) seen preparing for launch in Florida. (SSL)
Even still, B1046’s debut launch, landing, and refurbishment were wholly unique considering that SpaceX – according to Elon Musk – conducted an extensive “teardown” analysis of the pathfinder rocket after it was transported from the drone ship back to one of the company’s Cape Canaveral refurbishment facilities. It’s very likely the case that that teardown was one of the most extensive SpaceX has done with a recovered rocket, couched on the fact that the company’s future is wholly balanced on Falcon 9 Block 5’s success and ease/efficiency of reusability.
That critical teardown process likely took anywhere from 30-60 days, if not simply as long as needed to do it right, after which the rocket was fully reassembled and transported to SpaceX’s Launch Complex 40 (LC-40). Roughly eight days after it arrived at LC-40, B1046 rolled out to the pad’s launch mount, went vertical, and completed a series of tests (including static fire) on Thursday (8/2) afternoon. The static fire was confirmed by a few observers, while Tom Cross captured the first unequivocal proof that the rocket is sooty (and thus B1046).
This moment may seem small on the scale of SpaceX’s many towering achievements, but it will very likely become a fundamental keystone in the future history of affordable access to space.
prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven) check out our brand new LaunchPad and LandingZone newsletters!
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
