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SpaceX’s most important Falcon 9 booster yet returns to port with a lean
On November 19th, what is likely SpaceX’s most important Falcon 9 booster yet returned to Port Canaveral with a surprise – perhaps the most dramatic lean ever observed on one of the recovered rockets.
Tilted a solid 10+ degrees from vertical, the lean was immediately visible as soon as the top of the rocket crest the horizon, and it later became clear that one of Falcon 9 booster B1061’s four landing legs had no contact at all with drone ship Just Read The Instruction’s (JRTI) deck. Four days prior, Falcon 9 (and B1061) became the first commercially-developed rocket in history to be certified to launch NASA astronauts, a feat it pulled off flawlessly. Crew Dragon safely delivered four astronauts to the International Space Station on November 16th, marking the culmination of more than half a decade of (mostly) uninterrupted work.
Even before Crew Dragon and Falcon 9’s momentous Crew-1 launch, though, NASA had already revealed some details that would make parts of Crew-1 even more important and the follow-up Crew-2 launch – scheduled as early as March 2021 – perhaps the most significant mission in SpaceX’s history.
In short, less than a month after SpaceX’s equally flawless Crew Dragon Demo-2 astronaut launch debut, NASA contract modifications revealed that the agency had permitted SpaceX to reuse both Dragon capsules and Falcon 9 boosters on upcoming astronaut launches.
“In a wholly unexpected turn of events, a modification to SpaceX’s ~$3.1 billion NASA Commercial Crew Program (CCP) contract was spotted on June 3rd. Without leaving much room for interpretation, the contract tweak states that SpaceX is now “[allowed to reuse] the Falcon 9 launch vehicle and Crew Dragon spacecraft beginning with” its second operational astronaut launch, known as Post Certification Mission-2 (PCM-2) or Crew-2.”
Teslarati.com — June 9th, 2020
A few short months after that discovery, NASA itself specifically announced that it had given SpaceX the go-ahead to reuse Demo-2 Crew Dragon capsule C206 and Crew-1 Falcon 9 booster B1061 on Crew-2, the company’s second operational astronaut launch. Scheduled no earlier than March 31st, 2021, Crew-2 will most likely launch before the Crew-1 Crew Dragon departs the space station and returns its four crew members to Earth, a milestone expected sometime in April.
For almost anyone who has followed NASA’s Commercial Crew Program (CCP) and its attitude towards SpaceX’s reusability efforts from the beginning, the space agency’s rapid willingness to trust its most important cargo – humans – to flight-proven Dragons and Falcon 9 boosters came as a huge surprise. If SpaceX is able to reuse both capsule C206 and booster B1061 as planned, Crew-2 will without a doubt be the most significant milestone in commercial spaceflight history, simultaneously proving that astronauts can be safely launched on commercial flight-proven rockets and spacecraft.
Of course, while Demo-2 Crew Dragon capsule C206 may have already been successfully recovered, SpaceX still had to land Falcon 9 booster B1061 and safely return it to port after Crew-1 before it could consider reusing it on Crew-2. Based on the rocket’s appearance upon its arrival at Port Canaveral, B1061 had an extremely close call. With what can be intuited from observation alone, it appears that sometime after B1061 landed and before the drone ship’s tank-like ‘Octagrabber’ robot could secure the booster, a stray swell or sudden burst of high seas must have bucked Just Read The Instructions about, causing B1061 to slide around on the slippery deck.
That would explain why the Falcon 9 first stage arrived in port on one of the far corners of drone ship JRTI – also sign that B1061 likely hit the yellow barrier included specifically to prevent boosters from sliding off drone ship decks. At the same time, B1061 must have had a moderately rough landing, causing at least one of its four legs to expend a large portion of a single-use shock absorber called a “crush core,” leaving the booster sitting at an angle. Based on photos of the arrival, that tilt likely left JRTI’s Octagrabber unable to latch onto all four of Falcon 9’s hold-down clamps, forcing recovery technicians to improvise and manually chain the rocket to the deck where the robotic solution fell short.
Thankfully, the SpaceX recovery team’s apparent heroics and luck proved to be enough and the sturdy Falcon 9 booster was returned to dry land without issue, lifted off of JRTI’s deck around 24 hours after arriving in port. Based on photos of the crush cores at the bottom tip of each leg, B1061’s rough landing and eventful journey was fairly mild as far as they come and, as CEO Elon Musk notes, crush core replacement is likely all that’s needed to make the rocket good as new.
Had B1061 been lost at sea, Crew-2 would have almost certainly been delayed to give SpaceX enough time to come up with an entirely new Falcon 9 first stage. Luckily for SpaceX, that didn’t happen and the company’s plans to launch astronauts on the flight-proven booster are still in play.
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”
