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SpaceX will transition all launches to Falcon 9 Block 5 rockets after next mission
SpaceX’s 13th reuse of a Falcon 9 booster marked the second-to-last orbital mission of older boosters before the rocket’s highly reusable Block 5 upgrade takes over all future commercial launches.
If only for the staggering rise of SpaceX’s program of reusable rockets, June 4’s Falcon 9 launch was novel and thrilling in part because its flight-proven booster was intentionally stripped of all reuse-related hardware to bestow as much performance as possible on the mission’s large geostationary communications satellite payload, named SES-12. While this practice of intentionally expending non-Block 5 flight-proven boosters after launch has actually been fairly common over the course of the last seven Falcon 9 reflights, excluding Falcon Heavy – SpaceX is, in essence, betting heavily on the viability and success of the rocket’s quasi-final Block 5 upgrade.
SpaceX’s second to last commercial launch with a non-Block 5 Falcon 9 was completed around 1 am EST June 4. It’s once flight-proven booster ended its life in the Atlantic soon after liftoff. (Tom Cross)
Following June 4’s SES-12 launch, after which Falcon 9 S1 (B1040, previously flown on the September 2017 launch of a classified X-37B spaceplane) arced down its final parabola into the Atlantic, SpaceX has just a single commercial launch of a Block 4 booster scheduled. In fact, that launch happens to be next up on the company’s manifest: currently no earlier than (NET) June 28, CRS-15 will see the same booster (B1045) that launched NASA’s TESS exoplanet observatory scarcely ten weeks prior send a refurbished Cargo Dragon to the International Space Station. After CRS-15, which will also see its booster expended in the Atlantic, just one flightworthy Block 4 rocket will remain in SpaceX’s fleet, and that Falcon 9 booster is understood to be undergoing refurbishment for its final reflight. That mission, however, is a suborbital demonstration designed to prove that SpaceX’s Crew Dragon spacecraft can wrest its human passengers out of harm’s way in the event of a launch vehicle failure during flight (SpaceX already proved it can accomplish the same task while the rocket is still on the launch pad in a 2015 demo).
https://twitter.com/_TomCross_/status/1003509362906853376
No turning back now
While a critical path for SpaceX’s future of reliably delivering crew to orbit, its suborbital nature makes categorically distinct from past and future Falcon launches, all of which have been conducted with the intent of placing payload(s) into Earth orbit. Thus we arrive back at B1045 and CRS-15, currently scheduled as both SpaceX’s next launch and the final orbital mission before Falcon 9/Heavy Block 5 becomes the company’s only operational route to space for at least the next two years, give or take half a year. It’s thus somewhat poetic that the booster tasked with CRS-15 will easily smash SpaceX’s previous record for refurbishment (135 days) by almost a factor of two, going from drone ship recovery to reflight in as few as 71 days. Whatever it becomes, that refurbishment record will likely be broken by the first Block 5 reflight, a trend that will almost certainly continue until SpaceX reaches Musk’s fabled 24-hour turnaround, perhaps before the end of next year.
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- A flight-proven Falcon 9, B1040, looking particularly well-done before its second and final launch on June 4. (Tom Cross)
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- SES-12’s Block 4 booster roars into the air on its final flight. (SpaceX)
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- Falcon 9 Block 5 completed its first launch on May 11, carrying the Bangabandhu-1 communications satellite to geostationary transfer orbit. (Tom Cross)
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- It may not immediately look like a major departure from past versions, but Block 5 could theoretically usher in 10-100 reflights of a single rocket booster. (SpaceX)
Extrapolating from the launch company’s recent history, the culmination of CRS-15 will potentially leave SpaceX with as few as two Falcon 9 Block 5 boosters as its entire flight-ready rocket fleet, despite anywhere from 12 to 16 launches remaining on the second half of the company’s 2018 manifest. Currently standing at six boosters produced in 2018, roughly eight to be completed before the end of the year per COO and President Gwynne Shotwell (in this case likely boosters B1048-1056), an achievement that would grow the ranks of the company’s fleet of new Block 5 boosters to ten total. But, assuming a core is delivered from the Hawthorne factory every month, SpaceX will need to reuse Block 5 boosters as early as July to prevent considerable delays to their 2018 manifest, delays that would undoubtedly push multiple missions into 2019.
Here’s to hoping that the Block 5 upgrade is as incredible of a success as SpaceX has designed it to be. Follow the Teslarati team for real-time updates, glimpses behind the scenes, and photos from Teslarati’s East and West Coast photographers.
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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”
