News
SpaceX rolls upgraded Super Heavy booster to the launch pad
SpaceX has begun transporting an upgraded Super Heavy booster to its South Texas launch facilities, where the rocket will likely be tested with a rarely used stand known as the ‘can crusher’.
On Wednesday, March 30th, SpaceX scheduled a temporary road closure – indicative of transport operations – on March 31st. The Friday prior, Super Heavy Booster 7 (B7) left the high bay it was assembled in multiple times, only to roll back inside at the end of the day. More likely than not, SpaceX decided to keep working on the booster inside the shelter of the high bay while a different team focused on preparing Starbase’s orbital launch site (OLS) for B7’s arrival. Simultaneously, moving Booster 7 also made room for SpaceX to begin stacking Booster 8, which began the same day.
Work at the pad has centered around one thing in particular: a massive mechanical device affectionately known as the ‘can crusher.’ Made up of two large steel structures, that structural test stand’s primary purpose is, to some degree, to attempt to crush Starship test tanks and Super Heavy prototypes. SpaceX transported the bottom half of the structural test stand to the orbital launch site a few days before Booster 7’s first brief trip outside the high bay.
A few days later, pictured in the tweet above, unofficial aerial photography of Starbase revealed that SpaceX has modified the stand with 13 hydraulic rams, all but guaranteeing that it will be used to test SpaceX’s next Super Heavy. B7 is the first booster designed to use upgraded Raptor V2 engines – and 33 of them, no less. Boosters 3 and 4 had room for 29 older Raptors. That ~14% increase in engine count required a redesigned thrust section, raising the number of central gimballing Raptors from 9 to 13.
Raptor V2’s upgrades are far more consequential, however. On top of major design simplifications that should slash the cost of manufacturing, Raptor V2’s maximum thrust was boosted from about 185 tons to 230+ tons (~410,000-510,000 lbf). Combined with more engines, Super Heavy Booster 7 could theoretically produce around 7600 tons (~16.7M lbf) of thrust at liftoff, while Booster 4 – which never fired even one of its 29 Raptor V1.5 engines – could have produced about 5400 tons (~11.9M lbf). That 40% increase in max thrust likely necessitated a similarly strengthened thrust section, involving a large number of mostly invisible design changes.
Those changes now need to be qualified and it appears that SpaceX may use B7 – an entire Super Heavy booster that could one day fly – to verify their performance instead of a cheaper, more disposable test tank. The first part of that testing will likely involve simulating the thrust of at least 13 of Booster 7’s engines. The test stand’s ‘cap’ could also be installed on top of Booster 7 once it arrives at the pad, possibly allowing SpaceX to simulate both the thrust of all 33 engines and the stress caused by acceleration during launch, reentry, and landing. Finally, SpaceX has begun installing a custom fixture and plumbing that will allow all of that structural testing to occur while Super Heavy is loaded with liquid nitrogen (LN2) or oxygen (LOx), adding another layer of stress.
Assuming the structural test stand is strong enough to support a several-thousand-ton booster, SpaceX could also feasibly complete cryogenic proof tests (with benign LN2 or LOx) and even wet dress rehearsals (with flammable LOx and methane propellant) with the same setup. Fully proofed, Booster 7 could then be fitted with Raptor 2 engines and installed on Starbase’s ‘orbital launch mount’ for static fire testing.
Based on road closures, SpaceX at least wants the option to begin testing Booster 7 as early as Friday, April 1st – the day after it arrives at the launch site. If test readiness slips further to the right, which is likely, additional opportunities are available on April 4th and 5th.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
