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SpaceX’s orbit-ready Crew Dragon nears first trip out to Pad 39A atop Falcon 9
Now primarily reserved for launches involving the company’s Falcon Heavy rocket and Crew Dragon spacecraft, SpaceX has begun touching up its Launch Complex 39A (LC-39A) pad with new paint and hardware in anticipation of the first orbital launch of Crew Dragon, set to occur as early as the evening of January 17th.
A little over three weeks away from the milestone mission’s launch, SpaceX has – even more importantly – rolled Pad 39A’s transporter/erector (T/E) into an on-site hangar, where Falcon 9 B1051 and Crew Dragon C201 are awaiting final integration and fit checks prior to a series of careful dress rehearsals including a dry (mission) rehearsal, a wet rehearsal (WDR), and an on-pad static fire.
@NASASpaceflight looks SpaceX is giving the tower at 39A a fresh paint job pic.twitter.com/l6ZD6c6PvN
— Evan Richard (@TheEvangineer) December 21, 2018
Over the past month or two, SpaceX’s Florida pad technicians have gradually begun a number of small but important modifications to Launch Complex 39A (LC-39A, Pad 39A), primarily focused on what is known as its Fixed Service Structure (FSS), a tall and rectangular tower off to the side of SpaceX’s launch mount. Notably, SpaceX has completed the demolition and removal of all extraneous Pad 39A structures related to its decades of service under the Space Shuttle program and has further modified the FSS to allow for the installation of Crew Dragon’s Crew Access Arm (CAA), completed earlier in 2018.
With those major tasks complete, SpaceX workers have since subtly modified the pad’s transporter/erector (T/E) for Crew Dragon and begun to both paint and clad the tower, both designed to minimize wear and tear from regular launch operations and coastal Florida’s omnipresent sea breeze. Captured in photos from the November 2018 launch of Es’hail-2, the tower cladding appears to be made of double-layered sheets of half-opaque black plastic, while the paint of choice is gray (and black accents) to mesh with the tower’s minimalist arm.
Given CEO Elon Musk’s well-known preference that his companies, products, and facilities look “beautiful”, this is almost certainly being done on his whim, albeit for the best. A coat of paint and minimalist arm design are probably cost a minimal amount of money and effort, but the bare minimum still easily sets SpaceX’s facilities apart from competitors like ULA and even NASA.
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- A panorama of LC-39A in November 2017. (Tom Cross/Teslarati)
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- Pad 39A seen after most extraneous Shuttle-era hardware had been removed, November 2018. (Tom Cross)
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- Falcon 9 B1047 lifts off from Pad 39A, November 2018. (Tom Cross)
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- A detailed look at SpaceX’s shiny new Crew Access Arm, installed on Pad 39A in August 2018. (Tom Cross)
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- Boeing/ULA’s Starliner Crew Access Arm (CAA) was installed at LC-41 in 2015. (NASA)
Crew Dragon closes in on orbital launches
For perhaps the first in the history of NASA’s Commercial Crew Program (CCP), SpaceX revealed earlier this month that all the major hardware components needed for the first orbital launch of Crew Dragon were under one literal roof at the company’s Pad 39A launch complex. In the weeks and months prior, both Musk and COO/President Gwynne Shotwell stated rather explicitly that that hardware would indeed be physically ready to launch no later than the end of 2018, even suggesting that SpaceX engineers and technicians would attempt to conduct a dry (propellant-less) Mission Dress Rehearsal (MDR) to ensure everything fits together in late December.
omfg @spacex just posted some absolutely stunning photos inside Pad 39A's hangar: meet the first completed Crew Dragon and its Falcon 9 Block 5 rocket (B1051) 😀 In the far left (second photo), you can also see what is probably B1047 in the midst of refurbishment. pic.twitter.com/NWULyAEhpQ
— Eric Ralph (@13ericralph31) December 18, 2018
As of last week, 39A’s T/E disappeared from its launch mount, indicating that the pad crew had rolled the massive apparatus into the complex’s integration hangar, where the above Falcon 9(s) and Demo-1 Crew Dragon were stashed as of December 18th. Having spent a solid five days in the hangar, SpaceX technicians have likely begun or even completed the integration of Falcon 9 B1051 and Crew Dragon and proceeded to integrate that full rocket/spacecraft combo to the T/E. As such, the T/E could very well roll out of its hangar with Falcon 9 and Crew Dragon attached at almost any moment between now and 2019.
If all goes as planned and NASA and SpaceX can wrap up paperwork (certification, approvals, etc) in the next week or two, SpaceX could launch an uncrewed Crew Dragon into orbit as early as the evening of January 17th. The rocket’s rollout will be the be the next major milestone so stay tuned!
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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
