SpaceX
SpaceX’s next-gen Falcon 9 spied continuing tests in Texas
Awaiting the first static fire of SpaceX’s newest upgraded Falcon 9, known as Block 5, local observers and SpaceX fans alike have been on high alert ever since the first booster (B1046) went vertical at the company’s McGregor, TX facilities on Feb. 26.
Preparing for a suite of tests ahead of its inaugural launch from Florida’s Kennedy Space Center, B1046 has been quiet in Texas for much longer than most Falcon hardware. Much like the additional static fires they complete at SpaceX’s launch facilities, boosters are meant to spend less than a week or two on the static fire test stand in McGregor – several days to set up, a few days to complete the static fire, and several days to validate the data gathered and ensure that the hardware is still healthy. 1046, however, has remained vertical at the TX test stand for a bit more than three weeks, and only appears to have ignited once for very brief (~1s) firing around two weeks ago.
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- SpaceX’s first Block 5 Falcon 9 seen vertical at the company’s McGregor, TX testing facilities on March 20. (Reddit /u/HollywoodSX)
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- SpaceX’s individual Merlin test stands (three are pictured) continue their busy work of testing all Merlin engines. (Reddit /u/HollywoodSX)
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- SpaceX technicians can be seen preparing Merlin 1Ds for static fire testing. (Reddit /u/HollywoodSX)
According to photos taken by Reddit user HollywoodSX, the booster is still vertical at the stand as of March 20, and is now sporting what looks like an odd splotch above its relocated “SpaceX” logo. At this point, it can be assumed that SpaceX is cautious with significantly new Falcon 9 hardware, carefully testing a booster with fairly new structures, heat-shielding, Merlin 1Ds, and an array of additional refinements.
Perhaps the first static fire attempt was scrubbed prematurely; perhaps it was intentionally brief to check out startup parameters for all nine Merlins; or perhaps it began as a wet dress rehearsal (propellant loading test) that proceeded into an ignition test. More probably, however, the first routine static fire attempt likely uncovered some minor bugs in the booster’s new hardware or design, signified by the fact that B1046 appears to have remained vertical for the entire interim period. Had serious problems been uncovered, the rocket would have been brought horizontal and taken inside SpaceX’s on-site facilities for in-depth analysis, disassembly, and repairs or modifications.
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Moreover, SpaceX shipped another Falcon 9 booster out of its Hawthorne, CA factory on Monday, March 19. Barring something far outside the norm, the above booster is almost certainly B1047, better known as the second-ever Block 5 first stage. 1047’s shipment would all but guarantee that 1046’s testing is progressing largely as planned. If there were, in fact, major issues with the rocket leading to unplanned delays, 1047 would almost certainly remain at SpaceX’s Hawthorne factory until the problems with the booster in McGregor could be properly characterized. If repairs or modifications had to occur, Hawthorne is a far more convenient and optimal environment to complete them, and delaying shipment would also avoid unnecessarily taking the risk and wasting the week or so it takes to prepare and ship the rocket cross-country.
All things considered, Block 5’s inaugural flight appears to be moving forward slowly but surely, and anyone with interest in aerospace is eagerly awaiting its first flights. As of March 18, the satellite – Bangabandhu-1 – is still in France, awaiting confirmation from SpaceX of T-15 days to launch before shipping out to Florida. Tentatively scheduled for launch NET April 5, that date would appear to need SpaceX’s confirmation today – any later and the launch is likely to be delayed equivalently.
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- Falcon 9 1035 and its Dragon cargo roar away from LC-40 on their second trips to space. (Tom Cross)
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- Falcon 9 roars into the dark California sky with PAZ and Starlink. (Pauline Acalin)
Up next for SpaceX is the fifth launch for Iridium Communications, NET March 29 from California. Days later, SpaceX’s next reused Cargo Dragon mission (CRS-14) is scheduled to lift off from SpaceX’s Florida LC-40 pad on April 2. Both launches will feature sooty, flight-proven Falcon 9 boosters and will be covered live by Teslarati’s photographers Pauline Acalin and Tom Cross.
Follow us for live updates, behind-the-scenes sneak peeks, and a sea of beautiful photos from our East and West coast photographers.
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Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk
NASA’s first human outpost on the Moon starts now – SpaceX on deck
NASA named the rovers, landers, and vendors that will build America’s first Moon Base.
NASA has laid out its most detailed Moon Base plan to date, describing a permanent outpost near the Moon’s south pole that the agency intends to build over the coming decade as a direct stepping stone to Mars. “The Moon Base will be America’s and humanity’s first outpost on another celestial world,” NASA Administrator Jared Isaacman said, adding that every mission crewed and uncrewed “will be a learning opportunity as we return to the lunar surface, build the infrastructure to stay, and master the skills required to live and operate in one of the most demanding and dangerous environments imaginable.”
The plan is structured in three phases involving both uncrewed and crewed missions to deliver equipment, vehicles, and infrastructure to the surface, with the first three moon base missions targeted to launch before the end of 2026.
Moon Base I, targeting fall 2026, will use Blue Origin’s Blue Moon Mark 1 lander to deliver scientific instruments to the Shackleton Connecting Ridge, the same region where Artemis astronauts will land. Moon Base II will send Astrobotic’s Griffin lander carrying more than 1,100 pounds of cargo including Astrolab’s FLIP rover to begin developing mobility systems on the surface. Moon Base III will carry the Lunar Vertex science mission on Intuitive Machines’ Nova-C Trinity lander to study lunar swirls near the south pole, with ESA and Korean science payloads aboard.
On the rover side, NASA awarded Astrolab $219 million and Lunar Outpost $220 million to build the first phase of Lunar Terrain Vehicles, with both rovers targeted for deployment to the lunar surface by 2028. Astrolab’s crewed rover weighs roughly 2,000 pounds and can reach over 6 mph. Lunar Outpost’s Pegasus rover can operate autonomously or via remote control at over 9 mph. Blue Origin separately received $188 million with an option worth $280.4 million to deliver cargo landers for rover transport.
NASA also confirmed that MoonFall, a mission deploying four survey drones to scout Artemis landing sites, has selected Firefly Aerospace to build the transport spacecraft, with a 2028 launch target.
SpaceX sits at the center of that commercial layer. SpaceX holds the NASA Human Landing System contract for the Starship-derived lander that will put astronauts on the surface under Artemis IV, currently targeting 2028. Before that can happen, SpaceX must demonstrate in-orbit propellant transfer at scale, a process requiring multiple Starship tanker launches to fuel a single mission. Water ice at the lunar south pole is central to the base’s long-term viability, as it can be converted into drinking water, breathable oxygen, and rocket fuel, directly reducing dependence on Earth resupply. That resource loop becomes far more practical if Starship can land and be refueled on or near the Moon itself.
Elon Musk has publicly stated that Starship V3, which recently completed its first flight, should be capable enough for initial Mars missions. The Moon Base plan announced Tuesday is the infrastructure layer that connects everything between those two ambitions, and SpaceX is the only American company currently contracted to build the rocket that gets humans to either destination.
Elon Musk strikes down reports on SpaceX IPO rumors
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