SpaceX
SpaceX’s Mr Steven preps for “claw” upgrade for football field-sized net
Photos from Teslarati photographer Pauline Acalin show that SpaceX’s Mr. Steven fairing recovery vessel is undergoing extensive upgrades to the arms that secure the catch net, likely in support of what CEO Elon Musk described as a factor-of-four extension of the net’s catching area.
In order to accomplish that fourfold increase in usable area, SpaceX will have to effectively double the reach of Mr Steven’s four ‘limbs’, a significant change that explains why the vessel appears to have had all four arms amputated. Intriguingly, the vessel’s upgrades are taking place at SpaceX’s recently-leased Berth 240, the company’s preferred location for berthing its fleet of rocket recovery vessels, conducting Falcon 9 booster recovery ops, and -eventually – the first Mars rocket factory in 2019.
As of now, it’s unclear what approach SpaceX will take for upgrading Mr Steven’s arms – with only one detached example visible at Berth 240, it appears that the company will either add on to the hardware already built for the boat or start from scratch in order to optimally extend their reach. A new net, of course, will also be needed to span the fourfold increase in area – in other words, up to roughly 6000 square meters, 65,000 square feet, or 1.5 acres. I have little doubt that SpaceX will be able to reliably catch Falcon 9 payload fairings with a net as large or larger than American and European football fields (~1.3 acres vs. ~1.7 acres).

An artist rendering of a Falcon 9 fairing parasailing towards Mr Steven’s net. Original photos by Chuck Bennett (Instagram @chuckbennett) and SpaceX. (Chuck Bennet/SpaceX/Eric Ralph)
SpaceX’s has roughly four weeks until their next West coast launch and thus another opportunity to attempt to catch a Falcon 9 payload fairing. That mission is currently scheduled for early July 20th from Space Launch Complex 4E (SLC-4E) in Vandenberg Air Force Base. Teslarati’s West coast photographer will continue to check up on Mr Steven to judge whether the vessel will be ready in time for launch.
- One of Mr Steven’s four amputated arms, removed in preparation for upgrades. (Pauline Acalin)
- A sad Mr Steven sits beside Berth 240, sans arms. (Pauline Acalin)
- Berth 240 demolition begins! (Pauline Acalin)
- A Falcon 9 fairing overlooks SpaceX’s Berth 240 construction progress, June 20th. (Pauline Acalin)
BFR factory construction
Meanwhile, serious demolition has begun at Berth 240, likely preparing a number of basic necessities before any major building begins. A giant pile of broken concrete lays witness to that process, likely involving the appraisal, repair, and replacement of utilities and pipe systems currently buried under the facility. Forlorn Falcon 9 payload fairings – pulled intact out of the Pacific Ocean – can be seen stoically looking on while construction crews begin the first steps of a process that will, at least eventually, culminate in the completion of a factory for the rocket that will obsolete Falcon 9, Falcon Heavy, and their fairings.
Based on land use approvals published in March 2018, the construction will be cut into two phases, with phase one focusing on a smaller, intermediary building capable of support limited Falcon recovery work and potentially initial BFR prototype construction, allowing that process to be moved from the temporary tent it currently is housed in. Phase 2 would see a larger build constructed around the preceding facility, necessitating the demolition of one of Berth 240’s historic buildings. Per the filings, Phase 1 is expected to be finished within 16-18 months of approval, placing its completion sometime in mid to late 2019.
- Note the fencing around the actual foundation site for SpaceX’s proposed BFR factory. (Pauline Acalin)
- Renders of the proposed BFR factory at Berth 240. (SpaceX)
- Blueprints of the proposed BFR factory at Berth 240. (SpaceX)
Elon Musk
Starlink V2 to bring satellite-to-phone service to Deutsche Telekom in Europe
Starlink stated that the system is designed to deliver 5G speeds directly to compatible smartphones in remote areas.
Starlink is partnering with Deutsche Telekom to roll out satellite-to-mobile connectivity across Europe, extending coverage to more than 140 million subscribers across 10 countries.
The service, planned for launch in 2028 in several Telekom markets, including Germany, will use Starlink’s next-generation V2 satellites and Mobile Satellite Service (MSS) spectrum to enable direct-to-device connectivity.
In a post on X, the official Starlink account stated that the agreement will be the first in Europe to deploy its V2 next-generation satellite-to-mobile technology using new MSS spectrum. The company added that the system is designed to deliver 5G speeds directly to compatible smartphones in remote areas.
Abdu Mudesir, Board Member for Product and Technology at Deutsche Telekom, shared his excitement for the partnership in a press release. “We provide our customers with the best mobile network. And we continue to invest heavily in expanding our infrastructure. At the same time, there are regions where expansion is especially complex due to topographical conditions or official constraints,” he said.
“We want to ensure reliable connectivity for our customers in those areas as well. That is why we are strategically complementing our network with satellite-to-mobile connectivity. For us, it is clear: connectivity creates security and trust. And we deliver. Everywhere.”
Under the partnership, compatible smartphones will automatically switch to Starlink’s satellite network when terrestrial coverage is unavailable, enabling access to data, voice, video, and messaging services.
Telekom reports 5G geographic coverage approaching 90% in Germany, with LTE exceeding 92% and voice coverage reaching up to 99%. Starlink’s satellite layer is intended to extend connectivity beyond those terrestrial limits, particularly in topographically challenging or infrastructure-constrained areas.
Stephanie Bednarek, VP of Starlink Sales, also shared her thoughts on the partnership. “We’re so pleased to bring reliable satellite-to-mobile connectivity to millions of people across 10 countries in partnership with Deutsche Telekom. This agreement will be the first-of-its-kind in Europe to launch Starlink’s V2 next-generation technology that will expand on data, voice and messaging by providing broadband directly to mobile phones,” she said.
Starlink’s V2 constellation is designed to expand bandwidth and capacity compared to its predecessor. If implemented as outlined, the 2028 launch would mark one of the first large-scale European deployments of integrated satellite-to-phone connectivity by a major telecom operator.
Elon Musk
SpaceX pursues 5G-level connectivity with Starlink Mobile V2 expansion
SpaceX noted that the upcoming Starlink V2 satellites will deliver up to 100 times the data density of the current first-generation system.
SpaceX has previewed a major upgrade to Starlink Mobile, outlining next-generation satellites that aim to deliver significantly higher capacity and full 5G-level connectivity directly to mobile phones.
The update comes as Starlink rebrands its Direct-to-Cell service to Starlink Mobile, positioning the platform as a scalable satellite-to-mobile solution that’s integrated with global telecom partners.
SpaceX noted that the upcoming Starlink V2 satellites will deliver up to 100 times the data density of the current first-generation system. The company also noted that the new V2 satellites are designed to provide significantly higher throughput capability compared to its current iteration.
“The next generation of Starlink Mobile satellites – V2 – will deliver full cellular coverage to places never thought possible via the highest performing satellite-to-mobile network ever built.
“Driven by custom SpaceX-designed silicon and phased array antennas, the satellites will support thousands of spatial beams and higher bandwidth capability, enabling around 20x the throughput capability as compared to a first-generation satellite,” SpaceX wrote in its official Starlink Mobile page.
Thanks to the higher bandwidth of Starlink Mobile, users should be able to stream, browse the internet, use high-speed apps, and enjoy voice services comparable to terrestrial cellular networks.
In most environments, Starlink says the upgraded system will enable full 5G cellular connectivity with a user experience similar to existing ground-based networks.
The satellites function as “cell towers in space,” using advanced phased-array antennas and laser interlinks to integrate with terrestrial infrastructure in a roaming-like architecture.
“Starlink Mobile works with existing LTE phones wherever you can see the sky. The satellites have an antenna that acts like a cellphone tower in space, the most advanced phased array antennas in the world that connect seamlessly over lasers to any point in the globe, allowing network integration similar to a standard roaming partner,” SpaceX wrote.
Starlink Mobile currently operates with approximately 650 satellites in low-Earth orbit and is active across more than 32 countries, representing over 1.7 billion people through partnerships with mobile network operators. Starlink Mobile’s current partnerships span North America, Europe, Asia, Africa, and Oceania, allowing reciprocal access across participating nations.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.






