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SpaceX wins NASA approval to launch astronauts on reused rockets and spacecraft
SpaceX appears to have won NASA’s approval to launch astronauts on reused Falcon 9 rockets and Crew Dragon spacecraft a matter of days after the company’s astronaut launch debut went off without a hitch.
Ever since SpaceX began landing and reusing orbital-class Falcon 9 boosters some 15 months after it won a NASA contract to develop Crew Dragon, the obvious possibility that the two groundbreaking technologies might one day meet has always floated just under the surface. Almost without fail, most joint NASA/SpaceX press conferences will receive a question or two about whether either party is thinking about or working towards astronaut launches on flight-proven spacecraft. Encouraged by the fact that partner Boeing’s separate Starliner spacecraft was sold to NASA with reusability in mind from the start, those questions continued up until (and after) the day SpaceX became the first private company in history to launch astronauts into orbit.
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. Given the spectacular, hiccup-free success of SpaceX’s inaugural astronaut launch and International Space Station (ISS) arrival just 3-4 days prior, it’s safe to say that NASA is extremely happy with the results of the mission.
Without a shred of doubt, SpaceX has worked tirelessly for years to earn enough of NASA’s technical trust to permit crewed launches on flight-proven hardware, a possibility that even the optimists in the crowd assumed was distant at best. It has almost always been an uphill battle for SpaceX – a fact made especially clear when framed beside partner Boeing. An inherently conservative organization, NASA has repeatedly given Boeing and its more traditional Starliner spacecraft and development approach the benefit of the doubt while frequently tearing into the nooks and crannies of SpaceX and Crew Dragon over half a decade of cooperation.
While functioning more like an anchor when SpaceX finds itself working with conservative, stubborn organizations like NASA and US military branches, the company’s wholly non-traditional style of development has secured technical success after technical success. Over the course of the second half of SpaceX’s 20-mission NASA Commercial Resupply Services 1 (CRS1) contract, the company has still managed to successfully launch dozens of tons of cargo to the space station with flight-proven spacecraft and boosters. From CRS-11 to CRS-20, five missions featured reused Falcon 9 boosters and all but one of those 10 flights featured once or even twice-flown Cargo Dragon spacecraft.
In short, SpaceX has demonstrated more than a dozen times to NASA that it’s fully capable of building, launching, and reusing orbital-class rockets and spacecraft. Additionally, before an unrelated design flaw destroyed the spacecraft during post-recovery testing, SpaceX successfully launched, recovered, and refurbished Crew Dragon capsule C201 in March 2019, demonstrating its dramatically improved reusability. While suborbital, Crew Dragon C205’s January 2020 In-Flight Abort (IFA) test also likely helped demonstrate the new spacecraft’s reusability and gave NASA more experience with the reuse of Falcon 9 Block 5 rockets as B1046’s fourth launch.
Every step along the way, SpaceX has put its money where its mouth is and proven that it’s more than capable of doing what much larger, more traditional companies have only claimed to be capable of – and often months or even years before its competitors and for hundreds of millions to billions of dollars less. While it’s much more likely that NASA has yet to actually certify SpaceX’s Crew Dragon spacecraft and Falcon 9 boosters for flight-proven astronaut launches, the June 3rd contract modification – at a minimum – signifies the space agency’s expeditious intent to do so. What is unambiguous is the schedule it lays out: SpaceX could potentially launch astronauts on a flight-proven rocket and spacecraft as early as its second operational taxi mission to the ISS.
Known as PCM-2 or Crew-2, the mission is scheduled to follow Crew Dragon’s first operational astronaut launch – Crew-1 – by roughly six months. Contingent upon Crew Dragon Demo-2’s safe return of NASA astronauts Bob Behnken and Doug Hurley later this year, Crew-1 is tentatively scheduled to launch on August 30th, although it could potentially launch even sooner. If successful, Crew-2 should follow as soon as mid-2021 and could potentially reuse Crew-1’s Falcon 9 booster and the Demo-2 or Crew-1 Dragon capsule.
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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
