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SpaceX's three surviving thrice-flown Block 5 boosters - B1048, B1049, and B1046 - are pictured here in various stages of recovery. (Teslarati, Pauline Acalin) SpaceX's three surviving thrice-flown Block 5 boosters - B1048, B1049, and B1046 - are pictured here in various stages of recovery. (Teslarati, Pauline Acalin)

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SpaceX sets new Falcon 9 Block 5 reusability milestones for second half of 2019

Falcon 9 B1048, B1049, and B1046 pictured in various stages of their most recent launches. Together, the three have supported nine successful orbital-class launches. (Tom Cross & Pauline Acalin)

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Speaking at 2019’s Asia-Pacific Satellite (APSAT) Conference, SpaceX Vice President of Commercial Sales Jonathan Hofeller – squeezed into a sea of breaking-news updates – announced that the company plans to launch the same Falcon 9 Block 5 booster for the fifth (or sixth) time by the end of 2019.

Just an add-on at the end of a number of updates focused on SpaceX’s next-generation Starship/Super Heavy rocket, the phrasing reported by SpaceNews.com technically means that there are plans for a Falcon 9 booster to launch for the sixth time in the second half of 2019. The demonstration of such an extreme level of operational reusability barely 18 months after Falcon 9 Block 5’s debut would make it clear that SpaceX’s latest Falcon upgrade has been a resounding success. In line with those positive signs, Hofeller also noted that SpaceX is already starting to transfer the fruits of those labors to its customers by permanently lowering the base price of Falcon 9 launch contracts.

Most recently, SpaceX flew the same Falcon 9 booster for the third time (B1049) in support of its first dedicated Starlink launch, May 2019. (SpaceX/Teslarati)

Block 5 off to a spectacular start

First reported on by SpaceNews’ Caleb Henry, one of a few spaceflight journalists able to attend 2019’s Jakarta, Indonesia-based APSAT conference, details about the near-term future of Falcon 9 Block 5 reusability milestones were effectively tacked on at the end of much higher-profile breaking-news tidbits. Although wildly ambitious Starship goals led headlines (stay tuned for Teslarati’s own analysis later this week), the fact remains that ambitious development goals are inherently tenuous and likely to slip, particularly when the subject is large-scale, fully-reusable launch vehicles developed from a nearly blank slate.

What is not up for debate, however, is the fact that SpaceX’s Falcon 9 Block 5 upgrade is already flying routinely and reliably. After a successful debut in May 2018, Block 5 took over all SpaceX launches less than two months later. Since then, a total of 12 freshly-built Block 5 boosters have supported 16 Falcon 9 and 2 Falcon Heavy launches, ten – more than half – of which involved flight-proven boosters. According to official statements made recently by SpaceX executives, Block 5 boosters are expected to support an additional 12-19* launches in the second half of 2019.

*Derived by stacking “2-6 dedicated Starlink launches” and SpaceX’s 2019 target of 18-21 nonStarlink launches

Moving into 2019, SpaceX is likely just months away from its next triple and quadruple-reuse milestones.
Falcon 9 B1046 became the first SpaceX booster to launch three separate times in early-December 2018. (Pauline Acalin)

Tied directly to claims that the same Falcon 9 Block 5 booster will launch for the fifth or sixth time by the end of 2019, SpaceX already has three Falcon 9 boosters that have each completed a trio of launches, as well as an additional five with either one or two launches under their belts. Pictured at the top of the article, all three thrice-flown Falcon 9 boosters – B1046, B1048, and B1049 – could arguably be selected to become the next pathfinder as SpaceX prepares to put boosters through their fourth launches and beyond.

Rumored to be assigned to Crew Dragon’s in-flight abort (IFA) test prior to a major capsule anomaly on April 20th, B1046 could be off the manifest if SpaceX is confident that said IFA test can still be performed within the next several months. It’s currently unclear if that is a viable option for SpaceX’s Crew Dragon schedule, likely to remain uncertain until the failure investigation is fully completed and any necessary design/hardware/software fixes have been implemented. B1046 completed its third launch in December 2018 (a full six months ago), followed by B1048 in February 2019 and B1049 in May 2019. Although the “unknown territory” aspect of Block 5 reuse milestones is becoming less noteworthy, SpaceX is still likely to treat B104X’s fourth launch as a pathfinder, requiring extra time to dot I’s and cross T’s. With B1046 and B1048 potentially ready to go, that milestone could come any time now.

Falcon 9 B1046 lands aboard drone ship OCISLY after its third successful launch in December 2018, a reusability milestone for SpaceX. (SpaceX)

SpaceX customers already reaping financial benefits

Meanwhile, although certain heads-in-sand competitors continue to act and claim otherwise, SpaceX has reportedly normalized earlier prices for customers flying on flight-proven milestone missions. Speaking at APSAT, SpaceX’s Jonathan Hofeller indicated that that pricing is now the company’s “normal pricing”, pushing Falcon 9’s base price as low as ~$50M according to comments CEO Elon Musk made about a year ago. Two years prior to those comments and about six months prior to SpaceX’s first-ever booster reuse, COO and President Gwynne Shotwell reported that the company was offering discounts of ~10% for customers willing to contract launches on flight-proven Falcon 9 boosters.

In other words, SpaceX has cut Falcon 9’s base launch costs by anywhere from 10-20% over the last three years, a period in which the Falcon 9 V1.2 Full Thrust rocket’s capabilities were also dramatically upgraded from Block 1 (debut: December 2015) through Block 5 (debut: May 2018). Speaking during a press conference focused on Falcon 9 Block 5’s launch debut, CEO Elon Musk estimated that SpaceX has spent more than $1 billion to develop Falcon 9 reusability, while he previously estimated Falcon Heavy’s development costs to be well north of ~$500M. Musk and other execs have previously confirmed that SpaceX means to recoup some or all of that investment, indicating that the current margins of Falcon 9 launch contracts must be extremely favorable.

A remote camera set up by Teslarati photographer Pauline Acalin captured this incredible view of all 27 Merlin 1D engines powering Falcon Heavy’s first stage. (Pauline Acalin)

SpaceX has a healthy commercial manifest and will need to support dozens to hundreds of its own dedicated Starlink launches in order to orbit an operational and profitable constellation.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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SpaceX weighs Nasdaq listing as company explores early index entry: report

The company is reportedly seeking early inclusion in the Nasdaq-100 index.

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Credit: SpaceX/X

Elon Musk’s SpaceX is reportedly leaning toward listing its shares on the Nasdaq for a potential initial public offering (IPO) that could become the largest in history. 

As per a recent report, the company is reportedly seeking early inclusion in the Nasdaq-100 index. The update was reported by Reuters, citing people familiar with the matter.

According to the publication, SpaceX is considering Nasdaq as the venue for its eventual IPO, though the New York Stock Exchange is also competing for the listing. Neither exchange has reportedly been informed of a final decision.

Reuters has previously reported that SpaceX could pursue an IPO as early as June, though the company’s plans could still change.

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One of the publication’s sources also suggested that SpaceX is targeting a valuation of about $1.75 trillion for its IPO. At that level, the company would rank among the largest publicly traded firms in the United States by market capitalization.

Nasdaq has proposed a rule change that could accelerate the inclusion of newly listed megacap companies into the Nasdaq-100 index.

Under the proposed “Fast Entry” rule, a newly listed company could qualify for the index in less than a month if its market capitalization ranks among the top 40 companies already included in the Nasdaq-100.

If SpaceX is successful in achieving its target valuation of $1.75 trillion, it would become the sixth-largest company by market value in the United States, at least based on recent share prices. 

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Newly listed companies typically have to wait up to a year before becoming eligible for major indexes such as the Nasdaq-100 or S&P 500.

Inclusion in a major index can significantly broaden a company’s shareholder base because many institutional investors purchase shares through index-tracking funds.

According to Reuters, Nasdaq’s proposed fast-track rule is partly intended to attract highly valued private companies such as SpaceX, OpenAI, and Anthropic to list on the exchange.

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The Boring Company’s Prufrock-2 emerges after completing new Vegas Loop tunnel

The new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.

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Credit: The Boring Company/X

The Boring Company announced that its Prufrock-2 tunnel boring machine (TBM) has completed another Vegas Loop tunnel in Las Vegas. The company shared the update in a post on social media platform X.

According to The Boring Company’s post, the new tunnel measures 2.28 miles, making it the company’s longest single Vegas Loop tunnel to date.

The new tunnel marks the fourth tunnel constructed near Westgate Las Vegas as the Vegas Loop network continues expanding across the city.

The Boring Company also noted that the new tunnel surpassed its previous internal record of 2.26 miles for a single Vegas Loop segment.

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Construction of the tunnel involved moving roughly 68,000 cubic yards of dirt. The excavation process also used about 4.8 miles of continuous conveyor belt, powered by six motors totaling 825 horsepower.

The Boring Company’s Prufrock-series all-electric tunnel boring machines are designed to support the rapid expansion of company’s underground transportation projects, including the growing Vegas Loop network. Prufrock machines are designed for reusability, thanks in no small part to their capability to be deployed and retrieved easily through their “porposing” feature.

The Vegas Loop, specifically the Las Vegas Convention Center (LVCC) Loop segment, has already been used during major events. Most recently, the LVCC Loop supported the 2026 CONEXPO-CON/AGG construction trade show, which was held from March 3-7, 2026. 

As per The Boring Company, the LVCC Loop transported roughly 82,000 passengers across the convention center campus during the event’s duration. 

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CONEXPO-CON/AGG is one of the largest construction trade shows in North America, drawing more than 140,000 construction professionals from 128 countries this year.

The LVCC Loop forms the initial segment of the broader Vegas Loop network, which remains under active development as The Boring Company continues building new tunnels throughout the city.

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Tesla gathers Cybercab fleet in Gigafactory Texas

Images and video of the Cybercab fleet were shared by longtime Giga Texas observer Joe Tegtmeyer in posts on social media platform X.

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Credit: Credit: @JoeTegtmeyer/X

Tesla appears to be assembling a growing number of Cybercabs at Gigafactory Texas as preparations continue for the vehicle’s mass production. Recent footage shared online has shown over 30 Cybercabs being transported by trucks or staged near testing areas at the facility.

The images and video were shared by longtime Giga Texas observer and drone operator Joe Tegtmeyer in posts on social media platform X.

Interestingly enough, Tegtmeyer noted that many of the Cybercabs being loaded onto transport trucks were still equipped with steering wheels. This suggests that the vehicles are likely testing units rather than the final driverless configuration expected for the company’s Robotaxi service.

The vehicles could potentially be headed to testing sites across the United States as Tesla prepares to expand its Robotaxi fleet.

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Additional footage captured at Gigafactory Texas also showed the Cybercab’s side and rear camera washer system operating as vehicles were being loaded onto transport trucks.

The growing number of Cybercabs at Giga Texas comes amidst the company’s announcement that the first production Cybercab has been produced at the facility. Full Cybercab production is expected to begin in April.

The vehicle is expected to play a central role in Tesla’s Robotaxi ambitions as the company looks to expand autonomous ride-hailing operations beyond its early deployments using Model Y vehicles.

Tesla has also linked Cybercab production to its proposed Unboxed manufacturing process, which assembles large vehicle modules separately before integrating them. The approach is intended to reduce production costs and accelerate output.

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Musk has also noted that the Cybercab’s ramp will likely begin slowly due to the number of new components and manufacturing steps involved. However, he stated that once the process matures, Cybercab production could scale quickly.

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