SpaceX
SpaceX rocket fairing reappears on Mr Steven after six week hiatus
A hop and a skip away from SpaceX’s first Falcon 9 Block 5 recovery, the company’s famous fairing recovery vessel Mr Steven was caught by Teslarati photographer Pauline Acalin performing some unusual maneuvers at sea, hauling what can only have been the intact fairing half recovered after SpaceX’s March 30 launch of Iridium NEXT-5.
Why exactly the fairing half was aboard Mr Steven for high-speed trials and eventual delivery to Berth 240 – SpaceX’s future Mars rocket factory – is not entirely clear. The most obvious explanation is that these new operations are in some way related to Falcon 9 payload fairing drop tests hinted at recently by CEO Elon Musk, tests that would allow the company to hone the accuracy of the autonomous parafoils currently used to recover them. In light of Mr Steven’s newly upgraded net, the goal is to gently catch each fairing before they touch down on the ocean’s surface – per SpaceX’s Hans Koenigsmann, even partial immersion in seawater precludes any future attempts at reuse.

SpaceX technicians offload the Iridium fairing half from Mr Steven while docked at Berth 240, SpaceX’s BFR (Mars rocket) factory in-waiting. (Pauline Acalin)
While we originally speculated that water intrusion into the fairing halves’ aluminum honeycomb composite structures – a common failure mode in the history of the material’s use in aerospace – would pose a problem for fairing reuse sans net capture, the actual reason Koenigsmann gave was the fact that the environment inside Falcon fairings must be kept extraordinarily clean to avoid damaging the highly sensitive satellite and spacecraft payloads housed inside. In retrospect, it makes a whole lot of sense that cleaning a fairing thoroughly enough after exposure to seawater/sea spray and its multitudes of organic material, minerals, and simple saltwater could pose an extremely expensive (if not outright intractable) problem for routine reusability. Hence Mr Steven and his wonderfully analog recovery hardware (i.e. a giant net).
- Fairing aboard, Mr Steven performed rapid turns and high-speed sprints with the fairing half aboard. (Pauline Acalin)
- Mr Steven and his fancy net 2.0, caught on May 7. Bright yellow…for style. (Pauline Acalin)
- On May 16, he arrived at Berth 240 with fairing half in tow. (Pauline Acalin)
- Note the distinctive yellow netting draped over the fairing stand aboard Mr Steven. It’s unclear if this is actually the new yellow net spotted last week, or if it’s actually webbing dedicated to securing the fairing cradle. (Pauline Acalin)
- It’s unclear why the Iridium fairing has been brought once again to Berth 240, aside perhaps from temporary storage. (Pauline Acalin)
After approximately six weeks of rest after its return to Port of San Pedro aboard Mr Steven, the fairing half found itself speeding around the mouth of Port of San Pedro aboard the net boat Mr Steven on May 16, after which it was carefully offloaded at SpaceX’s recently-leased Berth 240 facilities, set to one day become the company’s first Mars rocket and spaceship factory (currently housed in a giant tent a few miles away).
A careful scan of the day’s aviation activities showed no tracked helicopter flights that could have been involved in fairing drop tests, and it’s equally implausible that SpaceX would choose (or be permitted) to attempt to catch a 1000 kg autonomous parafoil a handful of miles from densely populated Los Angeles. Mr Steven’s distinctive yellow net – a brand new upgrade – was also visibly strewn about the vessel’s deck, over top of a basic wooden fairing stand, atop of which sat the sooty Iridium fairing half. Given the lengthy journey, it has made to be aboard Mr Steven, May 16’s unusual day of testing is presumably just the beginning of a number of outings, perhaps culminating in fairing drop and catch tests with a helicopter.
- Regardless of why it’s there, the contrast of the dilapidated urban landscape and cutting-edge flight-proven rocket hardware is absolutely breathtaking.(Pauline Acalin)
- Jump maybe 6 months ahead, and one can already begin to imagine that the first BFS test article may end up being craned aboard a barge before the exact same backdrop. (Pauline Acalin)
Regardless, the whole event was an incredible spectacle, caught in awesome detail by Pauline Acalin. One can only begin to imagine what other sights might one day – perhaps fairly soon – grace the dramatic dockside space SpaceX now owns at Berth 240.
- It’s difficult to imagine how Mr Steven’s already vast net could plausibly be expanded by a factor of two in each dimension. I certainly can’t wait to see how SpaceX engineers and technicians tackle the task. (Pauline Acalin)
- Fairing aboard, Mr Steven performed rapid turns and high-speed sprints with the fairing half aboard. (Pauline Acalin)
- Mr Steven and the Iridium fairing half berthed at SpaceX’s Berth 240. (Pauline Acalin)
- Mr Steven returns to port with the Iridium fairing half aboard. (Pauline Acalin)
- Mr Steven out and about with a recovered but unreusable fairing half in May 2018, presumably for some sort of practice. (Pauline Acalin)
- Mr Steven returns to port with the Iridium fairing half aboard. (Pauline Acalin)
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Elon Musk
Starlink V2 to bring satellite-to-phone service to Deutsche Telekom in Europe
Starlink stated that the system is designed to deliver 5G speeds directly to compatible smartphones in remote areas.
Starlink is partnering with Deutsche Telekom to roll out satellite-to-mobile connectivity across Europe, extending coverage to more than 140 million subscribers across 10 countries.
The service, planned for launch in 2028 in several Telekom markets, including Germany, will use Starlink’s next-generation V2 satellites and Mobile Satellite Service (MSS) spectrum to enable direct-to-device connectivity.
In a post on X, the official Starlink account stated that the agreement will be the first in Europe to deploy its V2 next-generation satellite-to-mobile technology using new MSS spectrum. The company added that the system is designed to deliver 5G speeds directly to compatible smartphones in remote areas.
Abdu Mudesir, Board Member for Product and Technology at Deutsche Telekom, shared his excitement for the partnership in a press release. “We provide our customers with the best mobile network. And we continue to invest heavily in expanding our infrastructure. At the same time, there are regions where expansion is especially complex due to topographical conditions or official constraints,” he said.
“We want to ensure reliable connectivity for our customers in those areas as well. That is why we are strategically complementing our network with satellite-to-mobile connectivity. For us, it is clear: connectivity creates security and trust. And we deliver. Everywhere.”
Under the partnership, compatible smartphones will automatically switch to Starlink’s satellite network when terrestrial coverage is unavailable, enabling access to data, voice, video, and messaging services.
Telekom reports 5G geographic coverage approaching 90% in Germany, with LTE exceeding 92% and voice coverage reaching up to 99%. Starlink’s satellite layer is intended to extend connectivity beyond those terrestrial limits, particularly in topographically challenging or infrastructure-constrained areas.
Stephanie Bednarek, VP of Starlink Sales, also shared her thoughts on the partnership. “We’re so pleased to bring reliable satellite-to-mobile connectivity to millions of people across 10 countries in partnership with Deutsche Telekom. This agreement will be the first-of-its-kind in Europe to launch Starlink’s V2 next-generation technology that will expand on data, voice and messaging by providing broadband directly to mobile phones,” she said.
Starlink’s V2 constellation is designed to expand bandwidth and capacity compared to its predecessor. If implemented as outlined, the 2028 launch would mark one of the first large-scale European deployments of integrated satellite-to-phone connectivity by a major telecom operator.
Elon Musk
SpaceX pursues 5G-level connectivity with Starlink Mobile V2 expansion
SpaceX noted that the upcoming Starlink V2 satellites will deliver up to 100 times the data density of the current first-generation system.
SpaceX has previewed a major upgrade to Starlink Mobile, outlining next-generation satellites that aim to deliver significantly higher capacity and full 5G-level connectivity directly to mobile phones.
The update comes as Starlink rebrands its Direct-to-Cell service to Starlink Mobile, positioning the platform as a scalable satellite-to-mobile solution that’s integrated with global telecom partners.
SpaceX noted that the upcoming Starlink V2 satellites will deliver up to 100 times the data density of the current first-generation system. The company also noted that the new V2 satellites are designed to provide significantly higher throughput capability compared to its current iteration.
“The next generation of Starlink Mobile satellites – V2 – will deliver full cellular coverage to places never thought possible via the highest performing satellite-to-mobile network ever built.
“Driven by custom SpaceX-designed silicon and phased array antennas, the satellites will support thousands of spatial beams and higher bandwidth capability, enabling around 20x the throughput capability as compared to a first-generation satellite,” SpaceX wrote in its official Starlink Mobile page.
Thanks to the higher bandwidth of Starlink Mobile, users should be able to stream, browse the internet, use high-speed apps, and enjoy voice services comparable to terrestrial cellular networks.
In most environments, Starlink says the upgraded system will enable full 5G cellular connectivity with a user experience similar to existing ground-based networks.
The satellites function as “cell towers in space,” using advanced phased-array antennas and laser interlinks to integrate with terrestrial infrastructure in a roaming-like architecture.
“Starlink Mobile works with existing LTE phones wherever you can see the sky. The satellites have an antenna that acts like a cellphone tower in space, the most advanced phased array antennas in the world that connect seamlessly over lasers to any point in the globe, allowing network integration similar to a standard roaming partner,” SpaceX wrote.
Starlink Mobile currently operates with approximately 650 satellites in low-Earth orbit and is active across more than 32 countries, representing over 1.7 billion people through partnerships with mobile network operators. Starlink Mobile’s current partnerships span North America, Europe, Asia, Africa, and Oceania, allowing reciprocal access across participating nations.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.












