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SpaceX skips Falcon 9 landing leg retraction on record-breaking booster
Four days after it returned to port, SpaceX quickly brought its latest recovered Falcon 9 booster horizontal, the last step before it can be transported back to one of SpaceX’s launch pad-adjacent processing facilities.
For unknown reasons, SpaceX skipped retracting its landing legs, but thanks to its recent reusability record, this particular Falcon 9 booster is now more important than ever.
On November 11th, Falcon 9 B1048 launched the 60-satellite Starlink-1 mission and became the first orbital-class SpaceX booster to fly on four separate missions. Preceded by Iridium-7 (July 2018), SAOCOM 1A (Oct 2018), and PSN-6/Nusantara Satu (Feb 2019), Starlink-1 was B1048’s (and SpaceX’s) heaviest payload ever, likely weighing around 17-18 metric tons (~39,000 lb).
Eight and a half days after Falcon 9 helped deliver all 60 satellites to an exceptionally low ~280 km (175 mi) parking orbit, all satellites have successfully deployed their solar arrays and powered on their electric thrusters, including the lone spacecraft SpaceX had concerns about prior to launch. That straggler came alive roughly 60 hours after its siblings but has since raised its orbit ~20 km, while the other 59 satellites have booster themselves by an average of 40 km (25 mi) or so.
At their current collective pace of ~5 km per day, all 60 satellites should reach their operational ~550 km (340 mi) orbits around the beginning of 2020.
Falcon 9 Block 5’s newest pathfinder
A bit less than nine minutes after its inaugural fourth launch, B1048 also became the first Falcon 9 booster to successfully land four times, coming to a halt near the center of drone ship Of Course I Still Love You (OCISLY). With its Port Canaveral processing nearly complete, B1048 now finds itself in a rare position.
As the first Falcon 9 Block 5 booster to fly four times, B1048 has first and foremost proven that the Block 5 design can be practically reused at least three times. However, the Block 5 upgrade is designed to support not just four – but at least ten – launches per booster, and SpaceX CEO Elon Musk has estimated that 100 or more launches may be achievable with more substantial routine maintenance. All this is to say that with B1048.4 safe and sound back on land, SpaceX technicians and engineers will likely pore over the booster to determine how exactly it has fared after four orbital-class launches, atmospheric reentries, and landings.
Stated a different way, B1048 is now the Block 5 upgrade’s pathfinder vehicle, meaning that it will in large part determine how SpaceX proceeds with its Falcon 9 reusability program. SpaceX has done this several times in the past – as long as the envelope is being pushed, and even if it’s not, there will always be ‘firsts’ to achieve, be it the first launch of a new rocket or the first launch of a thrice-flown booster. Prior to B1048, B1046 – also the first Falcon 9 Block 5 booster – was the pathfinder for reusability, becoming the first Block 5 booster to be reused for the first time and the second time (launch #3).
However, at the same time, Falcon 9 B1048.4 is arguably less important than it might seem. Perhaps the most useful data to be gained from the new pathfinder will involve comparing it to the likely extensively engineering data SpaceX has gathered from thrice-flown Falcon 9 boosters, including B1048 itself. Although still a fundamentally minuscule sample size in the scope of statistical significance, SpaceX has flown four (soon to be five) separate Falcon 9 boosters three times apiece.
By comparing B1048.4 to B1046.3, B1047.3, B1048.3, and B1049.3, SpaceX should be able to determine just how big the hurdle from a third launch to a fourth launch is compared to going from two launches to three launches. If the changes between those different reusability milestones are similar, it will be increasingly easy for SpaceX to rationally conclude that Falcon 9 Block 5 is fully capable of achieving its 10-flight design goal. If booster wear and tear appears to speed up from Launch 3 to 4 relative to Launch 2 to 3, design tweaks or additional refurbishment may be needed.
Most importantly, however, gathering new, high-fidelity data from flight experience like B1048’s fourth launch ultimately allows SpaceX to systematize post-flight inspections, helping technicians and engineers know where to look and what to watch out for when processing and refurbishing flight-proven boosters. The more boosters, launches, and landings there are, the more confident SpaceX can be that those systems and processes are sound.
For unknown reasons, SpaceX briefly attempted to retract Falcon 9 B1048.4’s landing legs on November 18th but abandoned retraction after a few attempts. On November 19th, technicians processed B1048 exceptionally quickly, removing its legs, breaking the booster over (rotating it to a horizontal position), and securing it on SpaceX’s transporter in barely half a day.
With recovery operations nearly complete, SpaceX can transport B1048 from Port Canaveral to Cape Canaveral, moving the booster to one of many processing and integration hangars for a thorough inspection and any necessary refurbishment. With any luck, B1048 will be ready for its fifth launch sooner than later, maybe allowing it to support SpaceX’s next dedicated Starlink launch.
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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”
