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SpaceX Starship booster survives explosion
A SpaceX Super Heavy booster was rocked by a substantial explosion and subjected to multiple fires at the launch pad during the rocket’s latest round of testing.
As of 9 pm CDT, July 11th, the fate of the upgraded Super Heavy – known as Booster 7 or B7 – is leaning towards survival but and it won’t be certain until the rocket is drained of all cryogenic propellant and potentially flammable gas and safe for SpaceX employees to approach. The incident began around 4:20 pm CDT, when Super Heavy Booster 7 (or its launch mount) unintentionally ignited a cloud of flammable gas produced during flow test involving most or all of its 33 Raptor engines. In the past, SpaceX has performed “spin prime” tests with Raptors installed on Starship prototypes, flowing high-pressure gas through the engines’ turbines to get them up to operating speeds and pressures. Booster 7’s test ended a bit differently.
When the resulting cloud of well-mixed methane and oxygen gas was accidentally ignited, it functioned like a small fuel-air bomb, rapidly combusting to produce a violent explosion and shockwave. After the initial explosion, the fire also expanded to burn as much of the resulting gas as possible, producing a fireball that briefly reached 80-90 meters (~260-300 ft) in height. CEO Elon Musk – apparently not directly participating in the test – initially stated that the explosion and fire was planned, implying that it was more or less a nominal outcome. Virtually everyone with experience observing Starship testing felt otherwise, however.
To preserve the safety of the few local residents still living at Boca Chica Village, SpaceX is required to issue printed safety warnings well in advance of Starship tests that could create a shockwave capable of shattering glass and injuring locals. SpaceX has never intentionally performed such a test without distributing those warnings and did not distribute a warning before July 11th, all but guaranteeing that no ignition event was planned. A few hours later, Musk deleted his original tweet and posted a different one, confirming that the explosion was “actually not good” and that SpaceX is “assessing the damage.”
For the most part, Booster 7 and the Starbase Orbital Launch Site (OLS) exceeded viewers’ expectations of their sturdiness, exhibiting very little off-nominal behavior after being subjected to a unexpected explosion, shockwave, and fire. Immediately after the event, B7 quickly depressurized its propellant tanks and appeared to leave those vents open, reducing the chances of the booster destroying itself if SpaceX were to lose control. SpaceX also appeared to intentionally avoid using the orbital launch mount’s (OLM) umbilical mechanism to remove propellant from the Super Heavy’s tanks, perhaps concerned that the shockwave might have weakened its connection to B7.
About an hour after the explosion, Booster 7 dumped a large amount of cryogenic liquid out of a new vent located on its aft end, producing a flood that spread around the adjacent pad. It’s unclear if that liquid was nitrogen or oxygen but either way, the emergency propellant dump appeared to cause a fire to start about 100 feet (~30m) from the booster and launch mount. That fire proceeded to burn intermittently for the next two hours, all the while posing a clear and present danger to the rest of the pad and booster if it were to spread in the wrong direction or breach the wrong underground pipe. Instead, SpaceX got lucky and the fire eventually self-extinguished.
In a worst-case scenario, Super Heavy’s engine section and 33 Raptor engines could have been seriously damaged, while the subsequent pad fire(s) could have also significantly damaged crucial pad systems, requiring weeks of repairs. The booster could even be beyond repair. More optimistically, given that SpaceX appears to have gotten lucky enough to avoid a total loss of vehicle, Booster 7 may be fine after some inspections and moderate repairs. The pad damage could also be limited to a single isolated, non-critical piece of equipment catching fire and burning to a crisp
Regardless, SpaceX will need to figure out what exactly caused the explosion and make sure that that failure mode does not appear again. In the meantime, the company recently finished stacking Super Heavy Booster 8, and Starship S24 – installed on a nearby suborbital test stand – is ready to begin its own static fire test campaign in the near future.
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”
