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SpaceX’s youngest Falcon 9 booster returns to port after second launch
SpaceX’s youngest flight-proven Falcon 9 booster has returned to port after its second successful launch in ten weeks, preceded by the shrapnel of a destroyed payload fairing two days prior.
On June 30th, Falcon 9 B1060 lifted off for the first time, ultimately supporting SpaceX’s first operational US military satellite launch and completing the first successful booster landing after such a mission. Originally scheduled as early as August 29th, the same booster supported Starlink-11 on September 3rd, just 64 days after launching the US military’s GPS III SV03 satellite. In doing so, B1060 became the third Falcon 9 booster ever to launch twice in less than 70 days – all three instances of which occurred this year.
On the fairing recovery front, SpaceX’s Starlink-11 mission was not not nearly as lucky. Recovery ships GO Ms. Tree and GO Ms. Chief returned to Port Canaveral about 48 hours prior the Falcon 9 booster they launched on – but in a pile of jagged shards rather than two intact halves.
While SpaceX will have to continue chasing the ever-illusive double-fairing-catch it first tasted on July 20th, any recovery – even if just fragments – should still produce valuable data that can inform future recovery attempts and help prevent a similar fate from befalling future fairings. Outcome aside, the recovery also made for a spectacular port return for the (mostly) emptyhanded ships.
The success of Falcon 9 booster B1060’s second launch and ocean landing in 64 days is unequivocal, however. To support a combined commercial and Starlink launch cadence as ambitious as SpaceX’s in 2020, a heavy reliance on booster reuse – particularly with a focus on speed – was going to be a necessity. As a result of the unplanned loss of four Falcon Block 5 boosters between December 2018 and March 2020, SpaceX’s reuse-oriented decision to slow first stage production saw the company’s fleet of flightworthy boosters rapidly shrink.
Thankfully, Crew Dragon’s Demo-2 astronaut launch debut and the aforementioned GPS III SV03 mission introduced two new boosters – B1058 and B1060 – into circulation, resulting in a booster flight likely just large enough to support the lower bound of SpaceX’s 2020 launch ambitions. In late 2019 and early 2020, SpaceX executives revealed plans for anywhere from 24 to 36 launches this year – roughly two-thirds of which would be internal Starlink missions.
As the first Falcon 9 booster to be permitted to land after an operational National Security Space Launch (NSSL), B1060 would have been the perfect choice to support the first booster reuse during a US Air Force or National Reconnaissance Office launch. Much like NASA’s first launch on a flight-proven Falcon 9, though, that pathfinder qualification process would have likely necessitated 6+ months of inspections, reviews, and repairs. If not the first NSSL-sponsored reuse, B1060 would have also been a prime booster option for a more conservative customer or a high-value mission later this year or early next.
Instead, barely two months after its launch debut, SpaceX assigned B1060 to launch the 12th batch of Starlink satellites, pushing the internet constellation over the 700-satellite mark. In simple terms, the move implies that SpaceX is pushing as hard as ever to launch as many times as possible this year. As of now, SpaceX has launched 16 times in a bit more than eight months, averaging almost exactly two launches per month. If SpaceX continues that pace, it will beat its current annual record of 21 launches with ~24. If the company sustains the pace its kept over the last ~90 days, it could complete as many as 28 launches this year.
SpaceX’s September manifest certainly leans towards the latter option. Aside from two more Starlink missions scheduled in mid and late September, Falcon 9 booster B1062 is scheduled to debut with another GPS III satellite launch for the US military. Another five commercial missions have feasible launch targets in the fourth quarter, while it’s safe to assume that SpaceX will continue to target at least two Starlink launches per month for the indefinite future. Altogether, SpaceX has at least 15 more missions that will likely be ready to launch before the end of the year – plenty to sate Falcon 9’s ever-growing thirst.
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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”
