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SpaceX to launch one of its last old-gen Falcon 9s in upcoming launch
One of SpaceX’s rapidly shrinking fleet of older Falcon 9 launch vehicles has rolled out to the company’s California launch pad ahead of an expendable launch and fairing recovery attempt scheduled for no earlier than Tuesday (NET) 12:47 pm PST/19:47 UTC May 22.
Although SpaceX may have inaugurated a new era of truly reusable rocketry with the debut of Falcon 9 Block 5 earlier this month, there are still a number of older Falcon 9 boosters (all flight-proven) awaiting their second and final flights. At the moment, a minimum of four cores remain, including the sooty Falcon 9 first stage captured earlier this evening by Teslarati photographer Pauline Acalin.
Foreshadowing its imminent watery demise with a lack of landing legs, this particular booster (B1043) previously launched the mysterious and controversial Zuma mission in January 2018, a classified payload claimed (sans convincing evidence) to have failed and reentered Earth’s atmosphere mere hours after reaching orbit. While it’s possible that the mission was a failure, at the moment unsteadily blamed on the failure of a Northrop Grumman-designed payload adapter and deployment mechanism, it’s far more probable that the apparently wildly-expensive satellite is still in orbit.
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- Falcon 9 B1043 lifts off for the first time with Zuma on January 7. (Tom Cross/Teslarati)
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- After landing at LZ-1, B1043 was refurbished in approximately four months. (SpaceX)
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- On May 21, the rocket was rolled out to SLC-4E on the opposite coast of its first launch, ready for one final flight. (Pauline Acalin)
Checking the pulse of Earth’s gravity
Regardless, the same SpaceX rocket booster responsible for lifting Zuma and the Falcon 9 upper stage out of the atmosphere is now ready to launch a new payload at SLC-4E, a launch pad stationed in Vandenberg Air Force Base. B1043’s second orbit-destined payload is a compliment of seven satellites: five are of the Iridium NEXT variety and the remaining satellites make up a scientific mission and technology demonstrator known as GRACE-FO (FO for Follow-On).
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- The two GRACE-FO satellites are stacked atop five Iridium NEXT communications satellites. (NASA)
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- SpaceX is already fairly experienced with launching multi-satellite missions and building custom payload adapters. (NASA)
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- A combination of scientific satellites and five Iridium NEXT communications satellites preparing for launch in May 2018. (NASA)
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- During a normal Iridium NEXT launch, two groups of five satellites are stacked on top of each other. Here, the top stack was replaced by NASA/DLR’s GRACE-FO spacecraft. (NASA)
Following in the footsteps of the original GRACE’s (Gravity Recovery and Climate Experiment) 15 year orbital tenure, GRACE-FO is effectively the same mission with significantly upgraded hardware – the biggest experimental component is actually an advanced laser interferometer designed to measure the distance between the two satellites (roughly equivalent to the distance between LA and San Diego) with the precision of a single micrometer (10-100x smaller than the width of a human hair). At that level of precision, the pair of satellites can detect minute changes in Earth’s gravity, to the extent that they can actually observe droughts, floods, and ice melt through the change in gravity caused by the movement of large (i.e. heavy) quantities of water. If the experimental laser ranging technology works as intended, it will be at least ten times more accurate than the microwave-ranging technology also installed on the follow-on satellites.
SpaceX’s rocket fleet makes way for Block 5
On the SpaceX side of things, Falcon 9 B1043 will be expended after dutifully completing the launch of Iridium-6/GRACE-FO, although the presence of grid fins on the rocket indicates that SpaceX will likely continue a regime of soft-landing recovery tests to optimize and flesh out the limits of Falcon 9’s capabilities. At first glance, the tradeoff of expending entire rocket boosters able to be (relatively inefficiently) refurbished for considerably more than two flights seems extreme and inadvisable. However, SpaceX is presumably ravenous for data on the survivable envelope of Falcon 9 performance – particularly reuse – in advance of the complete transition to the rocket’s Block 5 iteration, a significant upgrade likely to come hand in hand with a more pronounced aversion to expendable missions given each booster’s design lifespan of 10 to 100 missions. At that level of reusability, expending Falcon 9 Block 5s would truly become comparable with the absurdity of trashing an airliner after one or a handful of flights, an (in)famous talking point used by Elon Musk over his years of public SpaceX discussions.
The rocket displays its gritty, beautiful suit of soot ahead of its final launch. (Pauline Acalin)
Thus, if SpaceX can gather data that might enable future Falcon 9 Block 5 recoveries by expending much less valuable Block 3 and 4 boosters, the payoff would be irresistible once examined with a long-term outlook. In the sense that Block 5 may be capable of magnitudes more flights with considerably cheaper refurbishment, the literal elemental value of the hardware – in the likely event that Block 5 production is more capital-intensive than Block 3/4 – is more or less irrelevant for an aversion to expending Block 5 boosters.
Rather, what is lost alongside an expendable Block 5 mission is instead the comparatively vast amount of revenue locked within dozens of additional highly-profitable launches each expended booster could have supported. From that perspective, expending Block 3s and 4s to gather data might be accurately compared to destroying single-pilot Cessnas to improve the utility of a 747 airliner.
After B1043 is expended, only three obvious flightworthy cores will remain outside of the gradually growing Falcon 9 Block 5 fleet (just two boosters, currently). In order of anticipated launch, these three missions are SES-12 (NET May 31), CRS-15 (NET June 28), and the Crew Dragon in-flight abort test (NET Q4 2018). Barring the unexpected refurbishment of an older flight-proven core for a third mission, these final three missions will bring to a close the inherently temporary era of partially-reusable SpaceX rockets – in the words of Elon Musk, Block 5 would thus signify that SpaceX has moved from “the dog that caught the bus” to, perhaps, the dog that caught the bus and then learned how to drive and maintain it. Somewhere in the middle of those final throes of old-guard Falcons will be an ever-increasing cadence of Block 5 launches and re-launches, likely including the first manifest-necessitated reuse of a Block 5 booster sometime this summer.
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- Falcon 9 B1045 shows off its own Fairing 2.0 ahead of the launch of TESS. (NASA)
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- Chuck Bennett captured Mr Steven conducting high-speed maneuvers with its new, yellow net installed, May 17. (Charles Bennett/@chuckbennett)
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- Not nearly enough net, as it turned out. (Pauline Acalin, May 2018)
Meanwhile, despite the sealed fate of the rocket’s booster, tomorrow’s launch will debut fairing-catcher Mr Steven’s new and improved net. With the introduction of an upgraded net and what can only be described as back-to-back days of relentless ocean-going practice over the last two weeks, it’s entirely possible that Iridium-6/GRACE-FO will be able to lay claim to the first successful catch of a payload fairing following an orbital rocket launch. Fingers crossed.
Follow the mission live on SpaceX’s webcast at 12:30 pm PST on Tuesday, May 22, and make sure to check back at Teslarati over the course of the week as photographer Pauline Acalin covers Mr Steven’s return to Port of San Pedro.
Follow us for live updates, behind-the-scenes sneak peeks, and a sea of beautiful photos from our East and West coast photographers.
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In the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
The Tesla Model 3’s cheapest trim level just got a major accolade, as Edmunds just revealed the Rear-Wheel-Drive trim of the all-electric sedan is the most efficient EV that is currently in production.
The 2026 Tesla Model 3 Rear-Wheel-Drive not only beat its EPA-estimated range by 30 miles, but it also bested its efficiency mark by 13.2 percent. The Model 3 tested by Edmunds traveled 393 miles, beating its EPA rating by 8.3 percent, while it returned 21.7 kWh per 100 miles, or 4.61 mi/kWh.
Beating those two metrics is especially pertinent when it comes to EV ownership and driving down the cost of ownership from ICE counterparts across the board. The real money savings come from driving down the cost of driving per mile, especially when it comes to high-mileage driving.
Edmunds stated in its report and review that the process it uses to test EV efficiency is aimed at giving “the most accurate representation of a car’s real-world range.” The assessment uses a strict route that features 60 percent city and 40 percent highway driving, and an average speed of 40 MPH across the trip.
It also drives each car within 5 MPH of all posted speed limits, and the climate control is set on Auto at 72 degrees to ensure even testing. In other words, Edmunds does not use methods to maximize efficiency, and instead tries to make it reasonable to achieve the same ratings yourself.
In comparison to other EVs, it beat the 2026 Mercedes-Benz CLA 350, which went 385 miles, as well as the 2026 Audi A6 Sportback E-tron Prestige AWD, which traveled 392 miles. Only the Mercedes-Benz CLA 250+ traveled farther, making it an impressive 434 miles on a charge.
However, the Tesla Model 3 RWD’s efficiency is “unmatched” because of its incredibly low energy usage per mile.
🚨 Tesla Model 3 RWD:
-At $36,990, it is $9,000 cheaper than the average transaction price for a new car ($46,023 via KBB)
-Was 13.2% more efficient than its EPA estimate
-Traveled 393 miles on a charge despite its 363-mile EPA range https://t.co/Grov2hXqpa pic.twitter.com/Zl8rnZZLIB
— TESLARATI (@Teslarati) June 8, 2026
The Model 3 Rear-Wheel-Drive might be the best bang-for-your-buck EV if you’re looking to buy new and want access to features like Full Self-Driving, while also being aware of efficiency. This trim of the Model 3 is also priced over $9,000 cheaper than what Kelley Blue Book says the average transactional price for a new car was in May 2026, which sits at $46,023.
If you’re looking for something with more speed, an All-Wheel-Drive drivetrain, or more premium features, the Premium trims of the Model 3 currently come with one year of Free Supercharging.
The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.
According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.
At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.
The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.
SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.
Important pieces moving forward include:
- Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
- Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
- AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
- Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.
The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.
For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.
For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.
All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.
Tesla tipped its hand at where Robotaxi is heading next
Tesla Model 3’s cheapest trim just got a major accolade
