News
SpaceX Starship website spotted ahead of Elon Musk’s June rocket update
It appears that SpaceX is preparing a dedicated website for its proposed Starship point-to-point transport system, potentially capable of transporting dozens of passengers anywhere on Earth in just 30-60 minutes.
Assuming this website is actually a prelude to a SpaceX reveal (it could be completely unrelated), it seems likely that Starship.com will go live sometime around CEO Elon Musk’s planned June 20th update on Starship and Super Heavy. Much like Starlink.com went live on the day of SpaceX’s first dedicated launch, the company may be ready to tease more substantial details and fleshed-out plans for its aspirational Starship airline.
Big Falcon Challenge
Regardless of the theoretical viability of SpaceX’s Earth-to-Earth transport aspirations or the company’s readiness to kick off the publicity for the service, the fact remains that maturing Starship/Super Heavy (formerly BFR) into a system with reliability approaching that of airliners will take at least 5-10 years, if not decades. The idea itself – using reusable rockets to transport customers anywhere on Earth in 30-60 minutes at a cost comparable to business class tickets – is undeniably alluring and theoretically achievable. However, the list of “iff” statements that must first be satisfied for is immense and full of an array of technological firsts, any one of which could be a showstopper.
The greatest challenge of affordable, reliable point-to-point transport relates directly to the need for affordability and reliability. Put simply, rockets are in many ways far more complex than modern airliners, requiring margins of design and error and that would make commercial aircraft engineers blush. Modern FAA regulations currently expect manufacturers and operators to design, build, and fly passenger aircraft such that the chances of catastrophic failure (generally a fatal crash and total hull loss) average one in one billion flight hours. That may sound downright unachievable, but modern airliners routinely reach levels of reliability measured in hundreds of millions of flight hours between loss-of-life failures.
The best records of rocket reliability are currently held by Ariane 5 and Atlas V, reaching success streaks without catastrophic failure of 86 launches and 81 launches, respectively. It’s difficult to compare airliners and rockets, as rockets feature multiple stages and are typically only active for 30-90 minutes. Under the generous and inaccurate assumption that the average Ariane 5 mission accounts for 90 minutes of “flight time”, the most statistically reliable launch vehicle ever built is roughly 1,000,000 to 10,000,000 times less safe than the FAA’s present-day certification requirements. It would be more accurate to compare the distance traveled per catastrophic failure, but that would still indicate that the proven safety record of launch vehicles is perhaps 20,000 to 200,000 times worse than that of modern passenger aircraft.
Extreme reusability: extreme reliability?
Additionally, most modern rockets are expended, although SpaceX is doing everything it can to flip that equation. The only conceivable way to sustain a real commercial market for suborbital, hypersonic passenger transportation – aside from guaranteeing that passengers are unlikely to die – is to implement a level of rapid reusability that is entirely unprecedented in spaceflight. As it turns out, regardless of any Earthbound spaceliner ambitions the company may have, SpaceX’s ultimate mission is to accomplish precisely that goal, albeit in order to colonize Mars in a practical timeframe.
What has never explicitly been a part of SpaceX’s goal, however, is achieving that level of extreme reusability simultaneously alongside airliner-class reliability. Accepting high levels of risk has always been front and center to Elon Musk’s presentations on SpaceX’s BFR-powered Mars ambitions, with the CEO often indicating that chances of death would be quite high on early missions to the Red Planet. Of course, surviving and building a colony on Mars is a fair bit riskier than anything specifically centered around Earth and suborbital flight regimes.
All of this is to say that SpaceX may or may not succeed in its ambition of developing a spacecraft/booster that is as extraordinarily reliable as it is reusable, just as SpaceX may or may not publish a website dedicated to Earth-to-Earth Starship transport sometime next month. Stay tuned to find out on the next episode!
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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”
