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SpaceX Starlink satellite constellation aims to become world’s largest after next launch
In a sign of things to come next year, SpaceX’s next – and third – 60-satellite Starlink launch is officially on the books, and – if all goes as planned – could make the company the proud owner of the world’s largest operational satellite constellation.
On May 24th, Falcon 9 lifted off for the first time ever on a dedicated Starlink launch, placing 60 ‘v0.9’ prototype satellites in Low Earth Orbit (LEO), where they deployed solar arrays and fired up their own electric krypton thrusters to reach their operational ~550 km (340 mi) orbits. Of those 60 prototypes, several were intentionally deorbited while another handful suffered unintended failures, while 51 (85%) ultimately reached that final orbit and began operations.
Previously expected in mid-October, unspecified delays pushed SpaceX’s next Starlink launch – deemed Starlink-1, the first launch of ‘v1.0’ satellites – into November. On November 11th, Falcon 9 B1048 and a flight-proven payload fairing lifted off with 60 more Starlink satellites, also marking the first time a Falcon 9 booster completed four orbital launches and the first operational reuse of a recovered fairing. Upgraded with four times the overall bandwidth, improved structures, new Ka-band antennas, and more steerable ‘beams’ on each of those antennas, those 60 Starlink v1.0 satellites rapidly came online and began raising their orbits.
This time around, SpaceX received FCC approval to test satellites at a substantially lower altitude of ~350 km (220 mi) and launched to a parking orbit of just 280 km (175 mi), ensuring that any debris or failed spacecraft will reenter Earth’s atmosphere in just a matter of months while also completely avoiding added risk to the International Space Station (ISS) (~400 km). After a brisk ten or so days of active propulsion, 55 of those 60 satellites have raised their orbits to ~350 km, while ~20 of those 55 appear to be aiming for a final altitude somewhat higher, likely the start of a separate orbital plane.
The moment that Starlink-1 satellites began to arrive and stabilize at their 350-km operational orbits, nearly all of SpaceX’s 50 operational v0.9 satellites began lowering their orbits, potentially signaling a move down to Starlink-1’s operational altitude, or even an intentional deorbit of the entire prototype tranche (far less likely).
From nothing to #1
The same day that several dozen Starlink-1 satellites finished the climb up to their operational orbits, SpaceX announced media accreditation for its next Starlink launch, presumed to be Starlink-2. According to SpaceX, the mission is targeted for the last two weeks of December 2019, a schedule that will tighten as it gets closer. Previously expected to launch in early November, as few as two weeks after Starlink-1, Starlink-2 has suffered similar delays but still appears to be on track for 2019.
It’s assumed that Starlink-2 – like both dedicated missions preceding it – will launch 60 Starlink satellites. If that is, in fact, the case, the mission could mark a surprising but fully-expected milestone: with >170 functional satellites in orbit, SpaceX might become the proud owner of the world’s largest operational satellite constellation. Excluding two Tintin prototypes launched in February 2018 and 8 failed Starlink v0.9 spacecraft, a perfect Starlink-2 launch would raise SpaceX’s operational constellation to 172 satellites.
The only satellite operator anywhere close to those numbers is Planet Labs, an Earth observation analytics and satellite production company that has launched >400 satellites in its lifetime. Of those ~400 spacecraft, it’s believed that ~150 were operational as of October 2019 and Planet has another 12 Dove observation satellites scheduled to launch on November 27th. In simple terms, this means that SpaceX may become the world’s largest satellite operator after Starlink-2 and it all but guarantees that that will be the case after Starlink-3, a mission that will likely follow just weeks later.
Once SpaceX passes that milestone, it’s all but guaranteed that Starlink will retain the title of world’s largest satellite constellation for the indefinite future. According to SpaceX COO and President Gwynne Shotwell, as many as 24 Starlink launches are planned for 2020, and SpaceX’s burgeoning Washington-state satellite factory may soon be capable of supporting the unprecedented volume of production such a cadence will require. Even assuming rocky development, it’s hard to picture SpaceX’s next-generation Starship rocket taking more than two additional years to be ready for routine orbital missions to LEO, each of which should be able to place 400 Starlink satellites in orbit.
OneWeb is by far the closest thing SpaceX has to a serious Starlink competitor and its first operational launch of ~30 satellites has recently suffered delays, moving from December to late-January or February 2020. Roughly monthly launches (each with ~30 satellites) will nominally follow that first launch. After Starlink-2 or Starlink-3, the only conceivable ways that SpaceX could ever lose the title of world’s largest satellite operator would require catastrophic failure(s) grounding Falcon 9 and/or Starship for >1 year or outright bankruptcy and liquidation, neither of which seem particularly likely.
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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”
