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SpaceX’s second astronaut launch a step closer after NASA announcement
SpaceX’s second astronaut launch is a a step closer to flight after NASA and JAXA announced the third and fourth astronauts assigned to ride Crew Dragon to the International Space Station (ISS) on its first operational mission.
On the cusp of March 30th and 31st, the Japanese Space Agency (JAXA) made the first Crew Dragon-related announcement of the day, revealing the assignment of astronaut Soichi Noguchi to SpaceX’s Crew-1 launch. Hinging entirely on the success of SpaceX’s imminent Demo-2 astronaut launch debut, a critical demonstration mission scheduled to launch no earlier than mid-to-late May 2020, Crew Dragon’s Crew-1 mission will be the spacecraft’s first operational mission ferrying humans to and from the space station. NASA followed up JAXA’s announced hours later, revealing that astronaut Shannon Walker would be the fourth and final crew member aboard Crew Dragon’s Crew-1 launch.
Including Boeing’s Starliner and SpaceX’s Crew Dragon crewed demonstration missions, known as the Crewed Flight Test and Demonstration Mission 2 (Demo-2 or DM-2), respectively, NASA has purchased six astronaut launches from both providers. In theory, one Starliner and Crew Dragon launch per year – spaced out six or so months apart – should be enough to meet NASA’s space station transportation needs, meaning that the space agency’s 12 contracts should last until 2025 or 2026. Boeing’s Starliner appears to be delayed indefinitely after multiple near-catastrophic failures on its first Orbital Flight Test (OFT) but if SpaceX’s Demo-2 mission goes as planned, Crew Dragon could be set to enter operational duty as early as Q4 2020.
SpaceX’s Crew-1 mission manifest now includes NASA astronauts Mike Hopkins, Victor Glover, and Shannon Walker, as well as JAXA astronaut Soichi Noguchi and will likely carry an additional 100-200 kg (200-400 lb) of cargo to the International Space Station (ISS). While all eyes are reasonably on Crew Dragon’s Demo-2 mission, right now, the spacecraft’s Crew-1 through -5 missions are where SpaceX has the opportunity to gain extensive experience launching humans on an operational, semi-routine basis.
Making up at least half of the backbone of NASA’s new domestic astronaut launch capabilities, Crew Dragon and Falcon 9 will hopefully prove themselves to be as reliable and dependable as they and their predecessors have been over the years. Cargo Dragon, SpaceX’s first orbital-class spacecraft and the first private vehicle to visit the ISS, has successfully resupplied the space station and safely returned to Earth each of the 20 times the spacecraft reached orbit. Unsurprisingly, SpaceX ran into intermittent technical issues over those numerous flights, but all of those anomalies were solved on the fly and never prevented mission success or spacecraft recovery.
Falcon 9’s first in-flight failure destroyed the CRS-7 Cargo Dragon spacecraft in June 2015 and cut the mission short before it could reach orbit, but the failure was entirely unrelated to Dragon. Falcon 9’s second catastrophic failure occurred less than 15 months later, also a fault of a small but explosive rocket design flaw. From January 2017 to March 2020, however, Falcon 9 and Falcon Heavy rockets have completed 58 consecutively successful launches. With that streak of success, by certain measures, Falcon has become the most reliable operational rocket family in the world, tied with ULA’s famously reliable Atlas V and slightly better than Arianespace’s Ariane 5.
In short, while Cargo Dragon can’t hold a candle to the sheer scale of Russia’s Soyuz and Progress spacecraft flight histories, Falcon 9 is one of the two most reliable launch vehicles in operation and Crew Dragon will stand on the back of one of the most reliable spacecraft ever built in recent history. With (perhaps more than a little) luck, Boeing’s Starliner spacecraft – launched atop Atlas V, the other most reliable operational rocket – will hopefully be able to develop its own record of reliability in the next several years, but it will never be able to compete with the Cargo Dragon heritage Crew Dragon directly benefits from.
Boeing’s next Starliner mission is up in the air after the spacecraft’s almost disastrous orbital launch debut. Most likely, NASA will require a second uncrewed flight test, this time including the space station rendezvous, docking, and departure attempt Boeing had to cancel after Starliner’s major software failure. A second OFT would likely be ready for flight no earlier than Q3 or Q4 2020, depending on NASA’s investigation findings and requirements. If NASA remains confident and things go perfectly during the likely OFT2 mission, Starliner’s Crew Flight Test (CFT) could maybe launch by the end of 2020.
Crew Dragon’s Demo-2 astronaut launch debut is aiming for what NASA says is a mid-to-late May launch, although the mission is more likely to fly in the late-May to mid-June time frame. If Demo-2 launches on schedule (H1 2020) and is as flawless as Crew Dragon’s uncrewed Demo-1 launch debut, SpaceX could be ready to launch its second astronaut mission (Crew-1) as early as Q4 2020, possibly around the start of the quarter. With so much contingent on near-term reviews and tests, schedules beyond Demo-2 are unsurprisingly fluid.
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”
