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SpaceX readies its California landing pad for September rocket recovery debut
Just as SpaceX successfully debuted Falcon 9 Block 5 at their California launch pad and returned drone ship Just Read The Instructions (JRTI) to rocket recovery duty after a nine-month leave, the company’s next West Coast mission is already aligning for an early-September launch. The mission, SAOCOM-1A, will feature yet another inaugural event – the first use of a West Coast landing pad less than a mile from SpaceX’s Vandenberg launch pad.
For the last two and a half years, SpaceX’s Florida launch sites (Pad 40 and Pad 39A) have also been privy to a unique secondary facility known as Landing Zone-1, located a few miles away from both pads inside the boundaries of Cape Canaveral Air Force Station (CCAFS). In fact, although a number of attempts were made to recover a Falcon 9 booster aboard drone ship Of Course I Still Love You (OCISLY) in 2015, the first successful Falcon 9 booster landing happened to occur at LZ-1, followed four months later by the first successful recovery by sea.
SLC-4E after a foggy launch of Iridium-7 at Vandenberg. #spacex #iridium7 pic.twitter.com/YQkXbpBooj
— Pauline Acalin (@w00ki33) July 25, 2018
Why land on land, why land at sea?
The primary draw of an equivalent land-based pad is both simple and massive: while SpaceX’s autonomous drone ship vessels are complex, comparatively easy to damage, and extremely expensive to both operate and maintain, a concrete circle on land has relatively tiny fixed and variable costs, does not have to concern itself with volatile ocean conditions, and does not require a fleet of tugboats and service vessels to operate. Rough estimates place the cost of taking a drone ship, tugboat, and crew transport vessel hundreds of miles off the coast on missions that can last 7-14 days anywhere from $500,000 to $2 million or more, depending on how you tabulate costs. Either way, the drone ship fleet will always be more complex and more expensive than simple concrete pads on land.
One problem with land-based landing zones is that returning rockets to their launch sites is very fuel-intensive, requiring propellant margins at booster stage separation that dramatically reduce the payload that can be placed into low Earth orbit (LEO), let alone higher-energy missions to geostationary orbit. As such, without massive performance improvements, drone ships like JRTI and OCISLY will be irreplaceable for as long as Falcon 9 and Heavy are flying – SpaceX simply cannot recover rockets during the geostationary launches that comprise a huge portion of their manifest unless they have those vessels.
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- Elon Musk walks among his recovered Falcon Heavy boosters at LZ-1 and 2. (Elon Musk)
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- The drone ship Of Course I Still Love You spotted in Port Canaveral, FL last December. (Instagram /u/ johnabc123)
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- West Coast drone ship Just Read The Instructions headed out to sea to catch a Block 5 booster on July 22. It succeeded. (Pauline Acalin)
This brings us to another conundrum. SpaceX’s Florida launch facilities support heavy commercial geostationary satellite launches as much as or more than any other type of payload in a given year of launches, meaning that the company’s now-doubled landing pad at LZ-1 is only used every once and awhile for Cargo Dragon launches and other miscellaneous and rare launches that leave enough margin in Falcon 9. SpaceX’s Vandenberg pad, on the other hand, is effectively bound to launching satellites into polar orbits (orbiting over Earth’s poles versus around the equator) – safety regulations prevent large rockets from launching over populated areas like the entire continental U.S., as an example for California launches.
Equatorial launches from East to West are much less efficient than their opposite, as Earth’s own rotation (West to East) provides rockets an appreciable performance boost. The point is that SpaceX’s Vandenberg launches are for fairly particular payloads, usually LEO communications satellites and imaging satellites that thrive in polar orbits, where one or a handful of satellites can observe almost anywhere on Earth over the course of a normal 24-hour. Those satellites also happen to be lightweight more often than not, meaning that many of the booster recoveries on drone ship JRTI could instead return to launch site (RTLS) for a dramatically simpler and cheaper recovery.
Enter Block 5
A West Coast LZ is even more intriguing and important with respect to the recent debut of Falcon 9 Block 5 at Vandenberg and the fact that all future launches. Even compared to SpaceX’s Florida LZ-1, the company’s Western pad is incredibly close to the launch pad. By landing less than a mile from SpaceX’s VAFB integration and refurbishment facilities (and launch pad), recovery and refurbishment operations should be more effortless than any before it.
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- SpaceX’s yet-unused Californian Landing Zone, seen ahead of Falcon 9 Block 5’s Iridium-7 debut. (Pauline Acalin)
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- SpaceX’s Vandenberg launch pad (right) and landing zone (left) ahead of the pad’s first Falcon 9 Block 5 launch, Iridium-7. (Pauline Acalin)
While the company’s VAFB launch pad is a bit older than its Eastern cousins and requires at least 3-5 weeks between launches for repairs and refurbishment, that relaxed schedule may be unbeatable for proving out the Block 5 upgrade’s true rapid reusability, as well as its ability to far more than two orbital missions per booster lifespan. SAOCOM-1A, one of two Argentinian Earth observations scheduled for launch with SpaceX, will begin that new era for SpaceX’s Vandenberg operations, including a landing pad debut permit officially granted by the FCC in the last few weeks. The Falcon 9 booster that launches that mission is bound to have a storied future ahead of itself.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet (including fairing catcher Mr Steven) check out our brand new LaunchPad and LandingZone newsletters!
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”
