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SpaceX wants to boost Hubble Space Telescope’s orbit with Dragon spacecraft
NASA and SpaceX have signed a Space Act Agreement to study the feasibility of boosting the orbit of the iconic Hubble Space Telescope, potentially ensuring that the highly successful observatory will remain operable well into the middle of this century.
Thanks to three servicing missions completed in the 1990s and 2000s, Hubble remains highly productive more than 32 years after its launch. NASA believes that that will remain the case until at least the late 2020s or 2030s. However, many components of the telescope have spent decades in the unforgiving environment of space, raising unsurprising concerns about their longevity.
More importantly, the inexorable march of time, gravity, and Earth’s atmosphere mean that Hubble is guaranteed to eventually reenter that atmosphere and burn up without intervention. That demise could come as early as the mid-2030s, but SpaceX thinks it could help extend the telescope’s viability into the 2050s.
NASA and SpaceX will spend the next six or so months discussing whether it’s possible to use Dragon to boost the telescope’s orbit back to a nominal 600 kilometers (~372 mi). Both parties say that the agreement will also investigate the possibility of Dragon servicing missions, which could be even more significant for Hubble. While a boost that large would likely keep it in orbit for decades to come, there’s no guarantee the telescope would remain functional to take full advantage of the extra time it would have.
During the fifth and final Space Shuttle servicing mission, NASA astronauts installed a docking adapter (Soft Capture Mechanism) on the Hubble Telescope. Although no concrete plans existed for any additional servicing missions, the forward-facing installation of that adapter has made this feasibility study possible.
In theory, that docking adapter could make boosting Hubble’s orbit far more feasible, safe, and affordable than a Shuttle-style crewed servicing mission. SpaceX’s Cargo Dragon 2 spacecraft has the same autonomous docking capabilities its crewed sibling has and costs less to launch and operate, so it’s not inconceivable that an uncrewed Dragon could autonomously dock with Hubble and boost its orbit. Jessica Jensen, SpaceX’s Vice President of Customer Operations and Integration, says that an uncrewed option will be studied alongside crewed servicing and orbit-boost alternatives.
According to Patrick Crouse, NASA’s Hubble Space Telescope project manager, without a reboost, NASA would need to consider a separate mission to ensure a controlled deorbit of the massive telescope by “the end of the decade.” The study’s targeted boost of “40 to 70 kilometers,” meanwhile, could extend the longevity of Hubble’s orbit by “15 to 20 years,” or well into the 2050s. But as a feasibility study, there’s a chance that it will conclude that using Dragon – crewed or uncrewed – to boost or service HST isn’t feasible. Ordinarily, the most likely outcome would be a conclusion that the project is feasible from a technical perspective but out of reach from a financial perspective.
Enter billionaire and private astronaut Jared Isaacman, who was directly involved in the September 29th press conference. In September 2021, Isaacman – alongside four others – became the first all-private astronaut mission in history to reach orbit. After the spectacular success of Inspiration4, Isaacman’s relationship with SpaceX has become even closer. In early 2022, the pair announced a new endeavor – the Polaris Program – that intends to conduct at least two or three more private astronaut launches over the next few years.
Expanding the scope of their joint ambitions, the Polaris Program intends to debut the world’s first privately developed EVA spacesuit, test spacecraft-to-spacecraft communications using Starlink’s network of space lasers, and culminate in the first crewed launch of SpaceX’s next-generation Starship rocket. On its own, the decision to privately fund and develop an EVA suit and pursue the ability to conduct EVAs out of Crew Dragon represents a major leap forward for SpaceX and private spaceflight if realized.
But crucially, when asked about the synergies between the Polaris Program, SpaceX, and NASA, Isaacman revealed that he and SpaceX are willing to undertake a sixth Hubble servicing mission more or less pro bono, “with little or no potential cost to the government.” According to Isaacman, it’s possible that “the study could result in [a Hubble servicing mission] becoming the second [Polaris Program] mission.”
Polaris Dawn, the program’s first mission, was recently delayed from a late-2022 launch target to March 2023. The four private astronauts assigned to the mission (including Isaacman himself) recently began training for the historic private EVA, which will see two of four astronauts attempt to briefly exit their Crew Dragon spacecraft in new SpaceX-designed suits. With a targeted apogee of 1400 kilometers (~870 mi), the mission will also attempt to break the record for the highest Earth orbit reached by astronauts, and the spacewalk attempt will also occur at a record-breaking altitude of 700 kilometers (~435 mi)
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
