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SpaceX’s Starship factory is churning out steel rockets faster than ever
SpaceX’s South Texas Starship factory is churning out steel rocket hardware faster than ever before according to photos of yet another prototype already in the works.
At the same time as SpaceX works around the clock to test SN4 and prepare the ship for what will be the first flight of a full-scale Starship prototype, the company is building not one; not two; but three additional prototypes. A confirmation that a third Starship was being simultaneously manufactured in South Texas came on May 25th when local Boca Chica resident and observer Mary (bocachicagal) captured a photo of a pair of stacked steel rings rather conspicuously labeled “SN7”.
While it’s possible that “SN7” is just a coincidence, it’s far more likely that it refers to Starship serial number 7 (SN7), set to be the seventh full-scale prototype built by SpaceX. The apparent start of SN7’s steel ring assembly process some two weeks ago also suggests that no less than several other rings are likely being mated in one or more of SpaceX’s three main manufacturing tents or a much taller windbreak structure. In fact, SpaceX is building Starship prototypes so quickly that the company is actively assembling a second launch mount, suggesting that two Starships could soon be tested more or less simultaneously without stepping on each other’s steel toes.
The most impressive aspect of SN7’s appearance, however, is the fact that SpaceX is already in the late stages of stacking Starship SN5 and begun preparing to stack Starship SN6 directly beside it just a few days ago. Based on labels attached to the side of a new steel nosecone section rolled out of SpaceX’s tent factory a few days ago, Starship SN5 will likely become the first full-scale Starship to reach its full height in a permanent, functional fashion. Back in October 2019, SpaceX did technically stack Starship Mk1 to its full height for a few weeks, but the ship’s nose section was never permanently attached and really only served as a pathfinder and full-scale mockup.
Starship Mk1 ultimately failed prematurely during its first major cryogenic pressure test in November 2019, bursting well before it reached the tank pressures needed for low-velocity hop tests (let alone orbital flight). In the sixth months since, SpaceX refocused its resources and spent much of the time dramatically upgrading its South Texas Starship production facilities and methods. In a rapid-fire series of tests of custom-built Starship tanks, SpaceX quickly proved that those improved methods could produce steel tanks more than capable of surviving pressures of ~8.5 bar (~125 psi) and beyond.
More recently, Starship SN4 – a full-scale prototype with two propellant tanks and three tank domes – passed a ~7.5 bar (~110 psi) cryogenic pressure test with flying colors, just shy of fully validating the smaller tank tests that made it possible. According to CEO Elon Musk, ~8.5 bar is enough to perform orbital launches with the ~40% safety margin preferred for human spaceflight, while 7.5 bar meets the minimum needed for Starship to perform uncrewed orbital launches with a ~25% safety margin.
In other words, SpaceX isn’t simply churning out low-fidelity prototypes – the ships that are being mass-produced are of a high enough quality to be qualified for orbital-class launches. Of course, the physical structure of Starship is just one of many technologies that need to work in harmony for successful orbital flights, many of which need to pass their own challenging tests to be declared ready for launch, but it’s still undeniably impressive that SpaceX is already building complete Starship fuselages in a matter of weeks.
In fact, given that Starship SN4 could perform the first hop test and that SN5 could be assigned to the first high-altitude (3-20+ km) flight tests, there is definitely a chance, however minimal, that Starship SN6 or SN7 could eventually be upgraded for the system’s inaugural orbital launch attempt. Regardless, it’s safe to say that the next several weeks are going to be jam-packed with numerous Starship production and test milestones.
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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”
