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SpaceX caps major Falcon 9 Block 5 reuse with spectacular Port of LA recovery

Falcon 9 B1046.3 is lifted off of drone ship Just Read The Instructions after arriving in Port of LA. (Pauline Acalin)

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SpaceX has completed what might be its most important Falcon 9 reuse yet after successfully launching and recovering booster B1046 for the third time in just six months. Prior to this launch, the company had never before flown a reused Falcon 9 booster more than once.

Making way for a probable fourth launch in the near future, B1046’s Port of Los Angeles return was marked by a stream of spectacular visuals as seasoned SpaceX recovery technicians transferred the booster from drone ship to land, performed initial inspections, and prepared it for transport back to Hawthorne, where it will undergo (hopefully minimal) refurbishment.

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Displaying inspiring dedication, Teslarati photographer Pauline Acalin managed to stick with B1046 for a major portion of the six days it spent on the docks, despite a rare spate of rainy and downright stormy days in Los Angeles. Her patience was awarded with a number of beautiful photos documenting nearly every significant aspect of any given Falcon 9 booster recovery, ranging from the lift from drone ship to dockside and the removal of all four titanium grid fins to the rocket’s flip from a vertical to a horizontal orientation ahead of road transport back to SpaceX’s Hawthorne factory.

Above all else, the most noteworthy aspect of Falcon 9 B1046’s third return to port is just how unharmed the rocket appears, at least from an external perspective. The booster has grown a fairly healthy triple coating of kerosene soot from its three reentry and landing burns, thick enough that Falcon 9’s mirror-shiny white skin is barely visible on the lower (RP-1) propellant tank. At this point, it seems that SpaceX has concluded that any possible performance loss from those soot layers are small enough to be negligible.

 

In an operational sense, SpaceX’s Falcon 9 recovery procedures and the technicians that perform the actual task of recovery seem to be approaching the work with an attitude that fits better in the realm of commercial aviation than in what is perceived as modern rocketry (clean rooms, surgical precision, etc.). Both the procedures and technicians seem to have been refined into what now runs like a well-oiled machine, wrapping up the complex and pathfinding task of recovering a thrice-flown Falcon 9 booster in less than a week from its drone ship landing to Hawthorne arrival.

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The condition of B1046 could well make or break the future of the Falcon 9 family, as any significant departure from Block 5’s design intentions could cut the operational lifetime of the ~10 boosters already produced by dozens of fleet-wide flights.

 

On the other hand, a rapid and relatively painless post-recovery inspection and a general bill of nominal health could – pending customer comfort and SpaceX pricing it right – open the floodgates for the company’s fleet of (optimally) reusable rocket boosters. Even if it turns on that Falcon 9 Block 5 boosters almost invariably demand $10M+ in extensive refurbishment after every launch and can only manage a max of 10 launches before heading to the scrapyard, SpaceX could quite literally become untouchable on the global launch market and remain so for a minimum of 5+ years.

So long as the company can preserve the Falcon family’s impressive and ever-growing heritage of reliability alongside industry-leading reusability, there isn’t a company or country in the world that could beat SpaceX’s business model if it ever came down to a contract competition death-match, so to speak, not for another 5-10 years. It may never come to that, but that capability will – at the bare minimum – give SpaceX a nearly unbeatable upper hand for launching its own global constellation of internet satellites, known as Starlink.


For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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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.

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Credit: SpaceX/X

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.

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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.

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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.

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Elon Musk

Elon Musk hints Tesla investors will be rewarded heavily

“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.

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Credit: Grok

Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.

Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.

Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.

Musk said in the interview:

“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”

It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.

However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.

  • Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
  • Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
  • Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
  • Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release

These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.

Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.

She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.

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Cybertruck

Tesla drops latest hint that new Cybertruck trim is selling like hotcakes

According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:

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(Credit: Tesla)

Tesla’s new Cybertruck offering has had its delivery date pushed back once again. This is now the second time, and deliveries for the newest orders are now pushed well into 2027.

According to Tesla’s Online Design Studio, the new All-Wheel-Drive Cybertruck will now be delivered in April 2027. Earlier orders are still slated for early this Summer, but orders from here on forward are now officially pushed into next year:

Just three days ago, the initial delivery date of June 2026 was pushed back to early Fall, and now, that date has officially moved to April 2027.

The fact that Tesla has had to push back deliveries once again proves one of two things: either Tesla has slow production plans for the new Cybertruck trim, or demand is off the charts.

Judging by how Tesla is already planning to raise the price based on demand in just a few days, it seems like the company knows it is giving a tremendous deal on this spec of Cybertruck, and units are moving quickly.

That points more toward demand and not necessarily to slower production plans, but it is not confirmed.

Tesla Cybertruck’s newest trim will undergo massive change in ten days, Musk says

Tesla is set to hike the price on March 1, so tomorrow will be the final day to grab the new Cybertruck trim for just $59,990.

It features:

  • Dual Motor AWD w/ est. 325 mi of range
  • Powered tonneau cover
  • Bed outlets (2x 120V + 1x 240V) & Powershare capability
  • Coil springs w/ adaptive damping
  • Heated first-row seats w/ textile material that is easy to clean
  • Steer-by-wire & Four Wheel Steering
  • 6’ x 4’ composite bed
  • Towing capacity of up to 7,500 lbs
  • Powered frunk

Interestingly, the price offering is fairly close to what Tesla unveiled back in late 2019.

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