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SpaceX rolls out Starship, stacks world’s largest rocket, and aces Starlink launch hours apart
In 15 hours, SpaceX has rolled a new Starship to its South Texas launch and test facilities, reassembled the world’s largest rocket, launched Starlink satellites to orbit, and recovered a reused Falcon 9 booster in port.
The burst of activity began around sunset at SpaceX’s Starbase rocket factory in Boca Chica, Texas when a new orbital-class Starship prototype left its ‘nest’ for the first time. SpaceX rolled the Starship – known as Ship 25 – a few miles down the highway to its nearby launch and test facilities, where workers connected it to a large crane and waited for daylight.
Around 9 am CDT the following day, October 20th, SpaceX lifted Ship 25 onto one of two Starship test stands, where it will eventually attempt to complete several qualification tests. While Ship 25 was still suspended in mid-air, the Starbase launch pad’s orbital launch tower began lifting a different prototype, Ship 24, into the air with a pair of giant ‘chopsticks’ – mechanical arms designed by SpaceX to replace one of the largest mobile cranes in the world.
Then, while it was stacking Ship 24 on top of Super Heavy Booster 7 and installing Ship 25 on a test stand, a Falcon 9 rocket carrying 54 new Starlink satellites lifted off from Cape Canaveral, Florida. Minutes prior, SpaceX finished craning a reused Falcon 9 booster off one of its drone ship landing platforms in a port ten miles south.
Starlink 4-36 was SpaceX’s 48th launch of 2022 and 56th launch in less than 12 months, so its Falcon launch program simply doesn’t have time to waste. Drone ship Just Read The Instructions (JRTI) returned to port with Falcon 9 booster B1069 about 12 hours before the rocket was transferred from the ship’s deck to a stand on SpaceX’s Port Canaveral dock space. The company will now be able to retract B1069’s legs and complete any necessary booster and drone ship refurbishment, ensuring that both will be ready for their next missions in the near future.
Back in Texas, SpaceX is scheduled to begin thoroughly testing a fully-stacked Starship rocket for the first time as early as Monday, October 24th. Ship 24 was reinstalled on Booster 7 for that purpose after SpaceX disassembled the pair for several days, possibly due to forecasts of high winds. The test campaign is expected to begin with the first full wet dress rehearsal (WDR) of a two-stage Starship, meaning that the rocket will be fully loaded with thousands of tons of liquid methane and oxygen propellant and run through a simulated launch countdown that ends just before engine ignition.
If successful, SpaceX will likely restart Booster 7 static fire testing and continue to work its way up to the first simultaneous ignition of all 33 of its Raptor 2 engines. If the pair survive WDR and static fire testing, SpaceX could begin preparing the same rocket for Starship’s orbital launch debut.
If significant issues arise during testing, SpaceX could choose to retire Ship 24 and/or Booster 7 and move on to a new and improved pair: likely Ship 25 and Booster 8 or 9. Already complete, Super Heavy Booster 8 has been sitting untouched at Starbase’s launch site for weeks, making it uncertain whether SpaceX actually intends to test or use the prototype. Booster 9 is just one stack away from completion, at which point it will be ready to begin proof testing. According to CEO Elon Musk, B9 features significant improvements that will make it more resilient to mid-flight Raptor engine failures. It could also be the first Super Heavy booster with no hydraulic system, thanks to a new version of Raptor that replaces hydraulic thrust vectoring with a battery-powered alternative.
Starship S25 could kick off its own proof testing as early as next week. Unlike Ship 24, Ship 25 went straight from the factory to a test stand that has been modified with six hydraulic rams. Those rams will simulate the thrust of six Raptor 2 engines (up to ~1400 tons or 3.1M lbf) while the Starship is simultaneously loaded with cryogenic liquid oxygen and/or nitrogen, combining peak mechanical and thermal stresses into one test. Once Ship 25 is done, it will be rolled back to the factory for Raptor engine installation and will eventually return to the pad for static fire testing.
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”
