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SpaceX’s first high-flying, triple-Raptor Starship is almost finished
SpaceX’s first high-flying, triple-engine Starship prototype is rapidly approaching completion at the same time as the company is preparing for the rocket’s predecessor to lift off on its inaugural test flight.
Known as serial number 5 (SN5), it will be the fifth full-scale Starship prototype completed by SpaceX since November 2019 and the fourth since late-January 2020. Following in the footsteps of Mk1, SN1, SN3, and SN4, SpaceX CEO Elon Musk has recently stated that Starship SN5 will be the first prototype to have three Raptor engines and a nosecone installed and could be the first to be outfitted with new and improved aerodynamic control surfaces.
In the meantime, Starship SN4 is perhaps less than 30 hours away from performing a third Raptor static fire test, potentially paving the way for the biggest challenge yet for a full-scale Starship prototype: powered flight. Scheduled no earlier than 9am CDT (14:00 UTC), May 13th, Starship SN4’s next static fire is meant to ensure that a replacement Raptor engine is functioning properly. If successful, the building-sized rocket will effectively be ready to attempt its first launch – also a first for the Starship program overall – pending FAA approval.
As illustrated in the unofficial diagram above, nearly all of the individual sections that will make up Starship SN5 appear to be more or less complete, excluding some ambiguity added by the interchangeable nature of some of the steel rings all Starships are built out of. For the current design and assembly strategy, Starships are comprised of eight separate sections, themselves made up of stacks of 2-4 steel rings. Altogether, excluding the conical nose section, a single Starship requires approximately 20 of those ~1.8m (6 ft) tall steel rings to reach its full height.
Currently, SpaceX has been focused on testing just the tank section of Starship prototypes, representing the vast majority of the technical challenges that must be solved to fully realize the next-generation launch vehicle’s ambitions. Excluding a smaller secondary liquid oxygen tank situated in the tip of Starship nosecones, the nose section is effectively irrelevant – putting the cart before the horse – until Starship tank sections are more of a known quantity.
When that would be the case was entirely up in the air until just the last week or so, when Starship SN4 became the first full-scale prototype to pass a cryogenic proof test, perform a wet dress rehearsal (WDR) with real propellant, complete static fire(s) with a Raptor engine installed, and – finally – pass a more challenging cryogenic pressure test in quick succession. With those milestones passed for the first time ever, SpaceX has effectively proven that it’s solved the what is arguably the most unprecedented aspect of its Starship program: building orbital-class pressure vessels for pennies on the dollar on the South Texas coast.
Of course, doing it once with Starship SN4 is not the same as fully confirming that SpaceX’s extremely exotic South Texas rocket factory is capable of producing repeatable results with future rockets. While incredibly improbable, Starship SN4’s multiple successes could be a fluke. Additionally, as Musk has noted, the goal is to complete two entire Starships every week once the factory is fully optimized. SpaceX has already achieved a monthly production rate for its current line of prototypes, an extremely encouraging sign for the practicality of Musk’s stretch goal.
In the prototype stage, that speed of production has been incredibly useful, enabling SpaceX to move at a pace of launch vehicle development almost unheard of since NASA’s Apollo Program. At the moment, Starship SN4 has passed all tests thrown at it so far and will soon be attempting the riskiest Starship test yet with its inaugural hop attempt. If the ship were to be destroyed, one would traditionally expect a bare minimum of a few months of program delay. Instead, Starship SN5 could be more or less complete even before SN4 receives FAA permission for its first flight, meaning that a replacement will already be ready to roll to the launch pad if or when SN4 is destroyed.
In a best-case scenario, if Starship SN4 continues to pass the tests thrown at it, including one or several hops, SpaceX will instead be entering a new phase indicative of what’s to come: the concurrent testing and operation of a fleet of Starships. A step further, if Starship SN4 succeeds, Starship SN5 appears to be on track to become the first prototype to have a full three Raptor engines and a nosecone installed, as well as the first to attempt a high-altitude (20 km/12 mi) flight test.
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”
