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SpaceX breaks pad turnaround record with two Falcon 9 launches in six days
SpaceX has completed its 43rd launch of 2022 and 62nd dedicated Starlink launch overall, breaking a launch pad turnaround record in the process.
That pad – Cape Canaveral Space Force Station (CCSFS) Launch Complex 40 (LC-40) – is the single most important cog in SpaceX’s Falcon 9 launch machine, significantly increasing the significance of what might otherwise be ‘just’ another broken record for a company that is famous for never settling.
Following several delays linked to another weather-plagued Starlink launch (4-34) that flew out of the same pad, a Falcon 9 rocket lifted off from LC-40 on SpaceX’s Starlink 4-35 mission at 7:32 pm EDT (23:32 UTC), Saturday, September 24th. As usual, the mission used a flight-proven Falcon 9 booster (B1073), two flight-proven payload fairing halves, and an expendable second stage. As usual, all four components performed flawlessly, and a new batch of 52 Starlink V1.5 satellites was deployed about 15 minutes after liftoff.
Just the latest of dozens completed since May 2019, SpaceX’s Starlink missions have become extraordinarily routine – a testament to the company’s relentless pursuit of perfection, given just how difficult it is to successfully launch a rocket once. 62 dedicated Starlink launches later, Falcon 9 has successfully delivered every single Starlink satellite it has ever carried (almost 3400 spacecraft) into the proper orbit, losing only two boosters in the process.
But even though the missions have become routine, SpaceX has spent every waking second optimizing its rockets and operations to squeeze more performance and more cadence out of each part. The results can only be described as a resounding success. In 2018 and 2019, SpaceX launched an average of 17 Falcon rockets per year. SpaceX’s annual cadence grew to 26 launches in 2020 and 31 in 2021.
That progress pales next to the cadence SpaceX is on track to achieve in 2022. In less than nine months, the company has completed 43 Falcon 9 launches. Before the end of July, barely six months into the year, SpaceX had beaten its annual record of 31 launches. If it can maintain the same average pace it’s sustained over the last 12 months, SpaceX could realistically complete 58 Falcon launches in 2022. If it continues the even more impressive pace it’s achieved in Q3 (~17 launches), it could manage 60+ launches this year.
Only one other rocket family in history (the Soviet R-7) has successfully completed more launches in a calendar year.
SpaceX, of course, has no plans to accept the potentially record-breaking launch cadence it’s achieved as a new status quo. Just two-thirds of the way through 2022, CEO Elon Musk revealed that SpaceX is targeting up to 100 launches in 2023. As previously reported on Teslarati, while that figure seems implausible at first glance, it was still within the realm of possibility given SpaceX’s already established capabilities.
Just a few weeks later, Musk’s 100-launch target has gone from barely within reach to a serious – if still unlikely – possibility thanks to the record SpaceX broke with Starlink 4-35. SpaceX’s latest Starlink mission lifted off from LC-40 just 5.97 days after Starlink 4-34 launched from the same pad, smashing its old turnaround record (7.67 days) by almost 25%.
For LC-40, already SpaceX’s workhorse pad and the source of the company’s fastest pad turnaround, the new record means, in theory, that one of its three pads can now singlehandedly support up to 60 Falcon 9 launches per year. Assuming that any launch pad can or will sustainably operate close to its record turnaround time for an entire year would be unwise. But, at minimum, the new record gives SpaceX new margins that it can use to significantly increase LC-40’s annual cadence in a more sustainable way. In 2022, LC-40 has averaged 12.7 days per launch. In Q3, it’s on track to average about 10.3 days per launch.
Most importantly, there’s evidence that SpaceX didn’t simply manage a heroic one-time feat with Starlink 4-35. Confirmed by Next Spaceflight, Ben Cooper, and airspace restriction filings, SpaceX has tentative plans to launch Starlink 4-36 from LC-40 as early as 6:36 pm EDT on Friday, September 30th – a turnaround slightly faster than the new record. Another Falcon 9 launch out of LC-40 – EchoStar’s Galaxy 33/34 mission – could follow Starlink 4-36 as early as October 5th, although that mission is more likely to slip a day or two.
There’s a big risk that Storm/Hurricane Ian will create unacceptable weather conditions, forcing SpaceX to delay the launch, but for now, there’s still a chance.
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”
