SpaceX
SpaceX test fires twice-flown Falcon 9 for world’s first commercial Moon mission
Likely to be the third orbital-class launch for the booster in question, SpaceX’s next launch – led by primary customer Pasifik Satelit Nusantara (PSN) – has the potential to lay claim to multiple major spaceflight “firsts”, ranging from the first time a twice-flown Falcon 9 has launched on the East Coast to the world’s first attempt to land a commercial spacecraft on another planetary body – the Moon, in this case.
SpaceX has completed the final critical test milestone of the mission’s flight-proven Falcon 9, filling the rocket with propellant and successfully static firing the booster on the evening of February 18th. According to SpaceX, all remains on schedule for a February 21st launch attempt from Cape Canaveral Air Force Station (CCAFS) Launch Complex 40 (LC-40), with liftoff currently targeted for 8:45 pm EDT (01:45 UTC).
Static fire test of Falcon 9 complete—targeting February 21 launch of Nusantara Satu from Pad 40 in Florida.
— SpaceX (@SpaceX) February 19, 2019
If all goes well, the launch of PSN satellite Nusantara Satu (formerly PSN-6; translation: “One Archipelago”) – carrying two copassenger spacecraft – could be an immensely significant moment for commercial spaceflight. Thanks to the support of rideshare provider Spaceflight Industries, those two passengers will be sent to high-energy geostationary orbits long relegated to dedicated launches of extremely large satellites, typically weighing multiple tons. While one could fairly argue that this is not the first time in history that a geostationary rideshare launch has occurred, it is almost certainly the first time that such a mission profile has been attempting for a commercial customer.
We are going to the moon! A 3D engine mount from RUAG Space will be the first 3D printed part on the moon. Our 3D part will support landing and lift off of Lunar Lander from @TeamSpaceIL. Congrats to our incredible engineers! pic.twitter.com/AbFZFD7GPB
— Peter Guggenbach (@PeterGuggenbach) February 11, 2019
In this case, that commercial entity is the Israeli company SpaceIL in support of the world’s first commercially-developed Moon lander, a ~600 kg (1300 lb) spacecraft known as Beresheet (Hebrew for “In the beginning”). Designed by SpaceIL and constructed by Israel Aerospace Industries (IAI), the craft has since been installed atop PSN-6 and encased in Falcon 9’s payload fairing along with one much smaller copassenger, an Air Force Research Laboratory-funded (AFRL) microsat known as “S5”. The latter spacecraft weighs roughly 60 kg (130 lb) and is an experiment designed to determine whether small satellites can be used in geostationary orbit (GEO), with S5 focusing on cataloging and tracking GEOsats.
- PSN-6, an SSL-built communications satellite weighing several thousand kilograms, arrived in Florida roughly 10 days ago. (SSL)
- The Air Force Research Lab’s S5 smallsat. (Blue Canyon)
- Beresheet is seen here prior to the spacecraft’s flight from Israel to Florida. (SpaceIL/IAI)
- After arriving in Florida, Spaceflight was tasked with integrating Beresheet with PSN-6. (SpaceIL/Spaceflight)
Spaceflight Industries aims for new market creation
Shepherded by rideshare industry leader Spaceflight, the PSN-6 rideshare – known by the company as GTO-1 – has the potential to open up a new and highly useful realm of spaceflight previously all but closed off to customers lacking tens of millions of dollars for launch costs. While it’s unclear how exactly Spaceflight worked with SSL and/or PSN to make it happen, the mission profile and its potential are both fascinating and complex.
“What we’re doing with [GTO-1] is really cool, cause this is a type of mission that hasn’t really been available [commercially] in the past – taking a ride all the way to GEO and then separating in GEO as an independent spacecraft . . . We’re really excited about testing the market and proving – really, making – a new market here with the GEO [and GTO] rideshare.” – Ryan Olcott, Spaceflight (Jan. 2019)
In a late-January interview with Spaceflight’s Mission Director Ryan Olcott, the senior manager was audibly excited about the future potential of Spaceflight’s new GTO (and GEO) offerings and the many ways that they could change the game for a number of companies and startups with far smaller but no less capable spacecraft. Including startups Astranis and Terran Orbital and industry stalwart SSL, interest in small geostationary satellites has never been higher, and a number of pathfinder missions in 2020 and 2021 – if successful or at least promising – could mark a paradigm shift for the geostationary satellite communications industry as a whole. Often sized perfectly (100-500 kg) for a handful of in-development smallsat launch vehicles like Relativity’s Terran, Firefly’s Beta, and ABL Space’s RS-1, it will likely be several years before those new rockets are capable of reliably supporting these much smaller launches, leaving rideshare missions as the only real route for interested customers until the early to mid 2020s.
- Astranis’ “MicroGEO” offering compared beside one of the largest geostationary satellite buses. (Astranis)
- The change in scale between ITS, BFR, and BFR 2018 is significant. (Teslarati)
- A render of Spaceflight’s SSO-A dispensers attached to Falcon 9’s second stage.
- Falcon 9 B1046 lifts off for the third time with Spaceflight’s SSO-A rideshare mission. (Pauline Acalin)
In the process of undertaking this milestone geostationary rideshare, Spaceflight had to design, build, and test custom hardware needed to protect the AFRL’s S5 spacecraft on its multi-week ridealong from geostationary transfer orbit to PSN-6’s geostationary orbit destination, as well as unique mounting hardware needed to load SpaceIL’s Beresheet spacecraft atop the main satellite host. In fact, GTO-1’s mission profile is impressively complex, requiring multiple mission-specific maneuvers and separation events to detach Beresheet shortly after the entourage separates from Falcon 9, carry S5 to a geostationary graveyard orbit (GEO + ~300 km) to separate Spaceflight’s custom hardware, return to a lower orbit to deploy the Air Force satellite, and finally insert PSN-6 into its final operational orbit.
“We actually have to open up our adapter system to allow the [AFRL S5] spacecraft to come out, so we have about a half-day time window that we’re aiming for where we will separate the top off of our cone adapter system and then drop [the orbit] back down a little bit [because we can’t drop that junk off in GEO – you have to use the GEO graveyard slot].” – Ryan Olcott, Spaceflight

“GTO is pretty cool because you can do all sorts of positive C3 missions [to] Lagrange points or just about [anywhere] in the solar system you want to go to … With SpaceIL, potentially in the future [Spaceflight will also] be able to partner with them to bring things to the Moon if they’ve got customers that want to bring payloads to the Moon.” – Ryan Olcott, Spaceflight
The fact that the first primary passenger (by weight) of GTO-1 is a mission as groundbreaking as the commercial Beresheet Moon lander is also by no means a coincidence according to Ostello, a feeling that was rapidly backed up by an agreement between IAI and European company OHB to potentially use Beresheet-derived landers to deliver European payloads to the Moon. Ostello expressed a similar interest and optimism a few weeks prior to that announcement. While not directly involving Spaceflight, the fact that IAI (Beresheet’s manufacturer) is interested in producing more landers for other customers essentially opens the door for Spaceflight or other commercial or governmental entities to purchase future landers for customer payloads or arrange their launch to the Moon.
Second time’s the third-time charm
Set to launch on an unspecified Falcon 9, process of elimination (i.e. which boosters are in Florida) implies that PSN-6/GTO-1 will feature either Falcon 9 booster B1047 or B1048, two flight-proven boosters with no know missions assigned that are also known to be in Cape Canaveral. B1047 last launched the Es’hail-2 satellite in mid-November, while B1048 completed its second launch (from California) in early October before shipping to Florida for unknown reasons. With B1048 situated in 39A’s hangar, the lack of any reports of a booster moving from 39A to 40 suggest that B1047 was the Falcon 9 that successfully conducted its third on-pad static fire last night.
Shortly after launch, the Falcon 9 booster will make its way to drone ship Of Course I Still Love You (OCISLY) – located ~650 km (400 mi) off the coast of Florida – for what will be the second time ever that SpaceX has successfully launched and landed the same Falcon 9 booster three times, following on the heels of B1046’s third launch last December. SpaceX fairing recovery vessel Mr. Steven also arrived at Port Canaveral last week after a nearly 8000 km (5000 mi) journey from Port of Los Angeles, raising the possibility of his first attempt at a fairing catch on the East Coast.

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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.







