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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
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”
