SpaceX has responded to a critical report from CNBC alleging that it has repeatedly polluted waters in Texas this year. As per the private space company, the publication’s allegations about its launch operations in South Texas were factually inaccurate.
In its report, CNBC alleged that SpaceX violated environmental regulations by “repeatedly releasing pollutants into or near bodies of water in Texas.” The publication cited a notice of violation from the Texas Commission on Environmental Quality (TCEQ) about SpaceX’s water deluge system at Starbase, Texas, as part of its sources for its article.
The TCEQ reportedly received a complaint alleging that SpaceX “was discharging deluge water without TCEQ authorization” on August 2023. A total of 14 complaints alleging environmental impacts from Starbase’s deluge system have reportedly been received by the Harlingen region, the publication noted.
SpaceX repeatedly polluted waters in Texas this year, regulators found https://t.co/0KfZIxElxV— CNBC (@CNBC) August 12, 2024
In its response, which was posted through its official account on X, SpaceX noted that it worked with the TCEQ when Starbase’s water deluge system was built. SpaceX also clarified that it has only used potable water in the operations of Starship’s water deluge system.
Following is SpaceX’s full response to CNBC’s allegations.
CNBC’s story on Starship’s launch operations in South Texas is factually inaccurate.
Starship’s water-cooled flame deflector system is critical equipment for SpaceX’s launch operations. It ensures flight safety and protects the launch site and surrounding area.
Also known as the deluge system, it applies clean, potable (drinking) water to the engine exhaust during static fire tests and launches to absorb the heat and vibration from the rocket engines firing. Similar equipment has long been used at launch sites across the United States – such as Kennedy Space Center and Cape Canaveral Space Force Stations in Florida, and Vandenberg Space Force Base in California – and across the globe.
CNBC’s story on Starship’s launch operations in South Texas is factually inaccurate.
Starship’s water-cooled flame deflector system is critical equipment for SpaceX’s launch operations. It ensures flight safety and protects the launch site and surrounding area.
Also known as…— SpaceX (@SpaceX) August 12, 2024
SpaceX worked with the Texas Commission of Environmental Quality (TCEQ) throughout the build and test of the water deluge system at Starbase to identify a permit approach. TCEQ personnel were onsite at Starbase to observe the initial tests of the system in July 2023, and TCEQ’s website shows that SpaceX is covered by the Texas Multi-Sector General Permit.
When the EPA issued their Administrative Order in March 2024, it was done without an understanding of basic facts of the deluge system’s operation or acknowledgement that we were operating under the Texas Multi-Sector General Permit.
After we explained our operation to the EPA, they revised their position and allowed us to continue operating, but required us to obtain an Individual Permit from TCEQ, which will also allow us to expand deluge operations to the second pad. We’ve been diligently working on the permit with TCEQ, which was submitted on July 1st, 2024. TCEQ is expected to issue the draft Individual Permit and Agreed Compliance Order this week.
Throughout our ongoing coordination with both TCEQ and the EPA, we have explicitly asked if operation of the deluge system needed to stop and we were informed that operations could continue.
TCEQ and the EPA have allowed continued operations because the deluge system has always complied with common conditions set by an Individual Permit, and causes no harm to the environment.
Specifically:
– We only use potable (drinking) water in the system’s operation. At no time during the operation of the deluge system is the potable water used in an industrial process, nor is the water exposed to industrial processes before or during operation of the system.
– The launch pad area is power-washed prior to activating the deluge system, with the power-washed water collected and hauled off.
– The vast majority of the water used in each operation is vaporized by the rocket’s engines.
– We send samples of the soil, air, and water around the pad to an independent, accredited laboratory after every use of the deluge system, which have consistently shown negligible traces of any contaminants. Importantly, while CNBC’s story claims there are “very large exceedances of the mercury” as part of the wastewater discharged at the site, all samples to-date have in fact shown either no detectable levels of mercury whatsoever or found in very few cases levels significantly below the limit the EPA maintains for drinking water.
– Retention ponds capture excess water and are specially lined to prevent any mixing with local groundwater. Any water captured in these ponds, including water from rainfall events, is pumped out and hauled off.
– Finally, some water does leave the area of the pad, mostly from water released prior to ignition and after engine shutdown or launch. To give you an idea of how much: a single use of the deluge system results in potable water equivalent to a rainfall of 0.004 inches across the area outside the pad which currently averages around 27 inches of rain per year.
With Starship, we’re revolutionizing humanity’s ability to access space with a fully reusable rocket that plays an integral role in multiple national priorities, including returning humans to the surface of the Moon. SpaceX and its thousands of employees work tirelessly to ensure the United States remains the world’s leader in space, and we remain committed to working with our local and federal partners to be good stewards of the environment.
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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”
