Unconfirmed anonymous sources at Reuters and Bloomberg claim SpaceX is planning a public stock offering

Two stories from Reuters and Bloomberg yesterday suggest Elon Musk is considering making SpaceX a publicly traded company, with an initial stock offering sometime in 2026. From the Reuters’ report:

Elon Musk’s SpaceX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker’s valuation to over $1 trillion, a person familiar with the matter told Reuters on Tuesday. The company’s move towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direct-to-mobile service and progress in its Starship rocket program for moon and Mars missions.

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information.

Since both stories rely entirely on anonymous sources, we should not take either very seriously. I only post this now merely to put it on the record. And though Elon Musk has since hinted there might be some truth to both, he has also been very vague about his plans. While a public offering would garner him a lot of cash, it would bring with it a lot of regulatory headaches that would seriously interfere with what he wants to do. In the end I think (and hope) he will decide it ain’t worth it. Starlink right now is bringing in enough money to allow him to accomplish everything, and more.

If anything, these stories illustrate again the corruption in our modern propaganda press. Such stories would have been considered junk four decades ago. Then it was traditional practice that a story needed at least two independent sources, one of which was not anonymous. No longer. Anyone can push any lie, and these news outlets will publicize it, for the sake of clicks.

NOTE: This is a recreation of a post published on December 10, 2025 that was lost during this morning’s server outage.

7 comments

SpaceX completes its 11th launch this year for the National Reconnaissance Office

SpaceX today successfully placed its 11th payload into orbit this year for the National Reconnaissance Office, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

The first stage completed its fourth flight, landing back at Cape Canaveral. The rocket’s two fairings were both new, flying their first mission.

The leaders in the 2025 launch race:

162 SpaceX (a new record)
79 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 162 to 131.

4 comments

Academia makes its first comprehensive attempt to plan science missions to Mars using Starship

Figure 2-2 from the NAS report
Figure 2-2 from the National Academies
of Science report

A new report released today by the National Academies of Science, entitled “Highest Priority Science for the First Human Missions to Mars,” is essentially the first attempt by the planetary science community to plan its future science missions to Mars using the gigantic capabilities that SpaceX’s Starship is expected to provide them.

You can download the report here.

Even though the report made the search for life on Mars its big priority — a bugaboo that NASA and the science community trots out repeatedly to garner clicks from the ignorant propaganda press — this report is radically different then all previous similar NASA studies proposing future Mars exploration, as indicated by the graphics from figure 2-2 of the report to the right. Unlike those past studies, which were badly limited by the inadequate capabilities of any spacecraft NASA could send to Mars, this new report recognizes how much the game is changed by SpaceX’s Starship.

First, the new panel did not attempt to place any limit on any landing zones. Earlier reports had forbidden landings in the high latitudes or high altitudes because of the risks to NASA’s proposed landers. Starship overcomes much of those risks, giving researchers much greater flexibility.

Second, the focus of the missions will not be solely devoted to scientific or geological research, as had been the case for all previous similar reports by NASA and the academic community. Instead, the proposed research goals includes important engineering and human exploration requirements outside of science, including efforts to use the resources on Mars itself as well as find locations better suited for human habitation. Once again, the vastly greater capabilities of Starship influenced this change.

Even more important, the study doesn’t assume the future missions will be unmanned, as all previous NASA reports have done. In fact, it does the opposite, proposing multiple 30-day manned missions, as shown in the graphic. One set of three missions would go to three different locations, while another set of three missions would focus on one place in particular.

Much of this shift towards manned flight I think stemmed from the presence on the panel of representatives from the private companies SpaceX and The Exploration Company (a French startup), as well as an engineer from the National Academy of Engineering. Previously studies were almost always entirely dominated by planetary scientists, so the goals outlined were always focused on their interests. Now the idea of human exploration has become prevalent.

The panel’s work was clearly also influenced by the realization that SpaceX’s Starship is not only far more capable, its first flights are just around the corner. SpaceX plans sending it numerous times to Mars in the very near future, as shown in the graphic below that Elon Musk released during a presentation in May 2025.
» Read more

22 comments

SpaceX launches 29 more Starlink satellites, sets new record for Falcon 9 reuse, dominates the world in rocketry

First stage after landing for the 32nd time
First stage after landing for the 32nd time

SpaceX today launched another 29 Starlink satellites, its Falcon 9 rocket lifting off from the Kennedy Space Center in Florida.

The first stage of its Falcon 9 rocket (B1067) flew for its 32nd time, a new record for a Falcon 9 first stage. As shown in the rankings below of the most reused launch vehicles, this stage is now just one flight from tying the space shuttle Atlantis:

39 Discovery space shuttle
33 Atlantis space shuttle
32 Falcon 9 booster B1067
30 Falcon 9 booster B1071
29 Falcon 9 booster B1063
28 Falcon 9 booster B1069
28 Columbia space shuttle

Sources here and here.

Nor will it be long before SpaceX’s fleet surpasses all the shuttles.

Meanwhile in the 2025 launch race SpaceX’s dominance is overwhelming, as shown by the leader board:
» Read more

23 comments

SpaceX launches 28 Starlink satellites

SpaceX today successfully launched another 28 Starlink satellites, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California.

The first stage completed its 12th flight, landing on a drone ship in the Pacific.

The leader board in the 2025 launch race.

160 SpaceX (a new record)
77 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 160 to 129.

0 comments

SpaceX to launch another secondary private stock sale, hints at going public

UPDATE: Elon Musk has posted on X that this story is “not accurate.”

According to reports yesterday, SpaceX is about to launch another secondary private stock sale that double the value of the company.

Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday.

SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said.

At the elevated price, Musk’s aerospace and defense contractor would be valued above ChatGPT maker OpenAI, which wrapped up a share sale at a $500 billion valuation in October.

At $800 billion, SpaceX would be the world’s most valuable private company.

As for going public, nothing is confirmed. Musk has made some comments suggesting he is considering the idea, but at the same time has noted the problems such a act would cause him.

Musk recently discussed whether SpaceX would go public during Tesla’s annual shareholders meeting last month. Musk, who is the CEO of both companies, said he doesn’t love running publicly traded businesses, in part because they draw “spurious lawsuits,” and can “make it very difficult to operate effectively.”

It seems to me it would be a big mistake for Musk to do this. As a public stock-trading company, Musk would lose the freedom he presently has with SpaceX.

Meanwhile, this new private stock offering has done wonders for the value of Echostar’s stock, now that the company’s own stake in SpaceX after selling it some of its FCC licensed spectrum.

24 comments

SpaceX launches 28 Starlink satellites

SpaceX today successfully launched another 28 Starlink satellites, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California.

The first stage completed its 4th flight, landing on a drone ship in the Pacific.

The leaders in the 2025 launch race:

159 SpaceX (a new record)
75 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 159 to 127.

2 comments

SpaceX launches 29 more Starlink satellites

SpaceX today successfully launched another 29 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

The first stage completed its 25th flight, landing on a drone ship in the Atlantic. With this flight, this booster, B1077, has now tied the space shuttle Endeavour in reuses, and is only three behind the Columbia shuttle.

The leaders in the 2025 launch race:

158 SpaceX (a new record)
74 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 158 to 126.

3 comments

All eight ports on ISS occupied for the first time; Longest manned mission about to start?

ISS as presently configured
ISS as presently configured. Click for original.

For the first time in its more than quarter century history, all eight docking ports on ISS are occupied, as shown in the graphic to the right.

For the first time in International Space Station history, all eight docking ports aboard the orbital outpost are occupied following the reinstallation of Northrop Grumman’s Cygnus XL cargo spacecraft to the Earth-facing port of the station’s Unity module. The eight spacecraft attached to the complex are: two SpaceX Dragons, Cygnus XL, JAXA’s (Japan Aerospace Exploration Agency) HTV-X1, two Roscosmos Soyuz crew spacecraft, and two Progress cargo ships.

This milestone follows the reattachment of the Cygnus XL spacecraft, supporting the Northrop Grumman-23 commercial resupply services mission for NASA, which was removed last week by the robotics officer at the agency’s Mission Control Center in Houston using the space station’s Canadarm2 robotic arm. The Cygnus XL movement was coordinated between NASA, Northrop Grumman, and Roscosmos to provide appropriate clearance for the arriving crewed Soyuz MS-28 spacecraft on Nov. 27.

Cygnus will remain attached to the orbiting laboratory until no earlier than March 2026, when it is scheduled to safely depart and dispose of up to 11,000 pounds of trash and unneeded cargo when it harmlessly burns up in Earth’s atmosphere.

This situation will not last of course, and in fact it may never happen again before the station is retired around 2030. First, Cygnus will leave in March. Second, one Russian Soyuz capsule will leave shortly, as the presence of two simply indicates a crew rotation is underway.

Third, it is presently unclear when the Russians will be able to launch further Soyuz or Progress capsules. » Read more

11 comments

SpaceX gets Air Force approval to launch and land Starship/Superheavy at Cape Canaveral

Cape Canaveral

The Air Force announced late yesterday [pdf] that it will now allow SpaceX to launch its Starship/Superheavy rocket at Space Launch Complex 37 (SLC-37) at Cape Canaveral in Florida (as shown on the map to the right) as many as 76 times per year, with twice that number of landings.

The DAF [Department of Air Force] decision authorizes SpaceX to use SLC-37 at CCSFS [Cape Canaveral Space Force Station] to support Starship-Super Heavy launch and landing operations, including the redevelopment of SLC-37 and the other infrastructure improvements required and analyzed in the FEIS [Final Environmental Impact Statement]. Under this ROD [record of decision], upon execution of the real property agreement and associated documentation, and as analyzed in the FEIS while adhering to the mitigation measures specified in Appendix A to this ROD, SpaceX is authorized to: (1) undertake construction activities necessary to re-develop SLC-37 and associated infrastructure for Starship Super Heavy operations; (2) conduct prelaunch operations, including the transportation of launch vehicle components and static fire tests; and (3) conduct up to 76 launches and 152 landings annually once a supplemental analysis of airspace impacts by the Federal Aviation Administration (FAA) is completed. [emphasi mine]

The deal also requires SpaceX to do some road upgrades in order to transport the rocket from its Gigabay to the launch tower. The company immediately announced on X yesterday that it has already begun construction, and expects to have three pads in Florida before all is done.

The final environmental impact statement [pdf] was released on November 20, 2025, and concluded in more than 200 pages that there will be no significant impact from these launch operations, something that should be self-evident after more than three-quarters of century of rocketry at the Cape. The existence of the spaceport acts to protect wildlife, because it limits development across a wide area.

The report suggested that some turtle species and one mouse specie might “affected adversely”, but it it also appears that risk was considered minor and not enough to block development. To deal with this however the impact statement requires SpaceX to do a number of mitigation actions, similar to what it is required to do at Boca Chica.

One fact must be recognized, based on the red tape and delays experienced by SpaceX during the Biden administration. Had Kamala Harris and the cadre that ran the White House under Biden had been in office now, this approval would almost certainly have not happened, or if it did, it would have likely been delayed for a considerable amount of time, into next year at the earliest. It is certain that Trump is clearing the path to prevent red tape and the administrative state from slowing things down unnecessarily.

This announcement also strengthens the likelihood that SpaceX will do at least one launch of Starship/Superheavy from Florida in 2026. And if not then, by 2027 for sure.

10 comments

Two launches today, by Arianespace and SpaceX

Today there were two launches worldwide, one from South America and the second from the U.S.

First, Arianespace launched a South Korea imaging satellite from French Guiana, using the Vega-C rocket built and owned by the Italian rocket company Avio. Based on the July 2024 agreement, this is the next-to-last Vega-C flight that Arianespace will manage. After the next flight, Avio will take over management of its own rocket, cutting out this government middle man, though that agreement also allowed customers who had previously signed with Arianespace for later flights to stay with it as the managing organization.

Either way, Arianespace’s responsibilities will soon be limited solely to the Ariane-6 rocket, which itself has a limited future, being expendable and too expensive to compete in the present launch market.

Next SpaceX launched another 27 Starlink satellites into orbit, its Falcon 9 lifting off from Vandenberg Space Force Base in California. The first stage completed its 20th flight, landing on a drone ship in the Pacific.

As the Vega-C launch was only the sixth for Europe in 2025, it remains off the leader board for the 2025 launch race:

157 SpaceX (a new record)
74 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 157 to 126.

0 comments

Russia still using black market Starlink terminals on its drones

In its war with the Ukraine, it appears Russia is still managing to obtain black market Starlink mini-terminals for use on its drones, despite an effort since 2024 to block access.

According to Defense Express on November 30, imagery has emerged showing what appears to be a Russian “Molniya”-type drone fitted with a mini-Starlink unit, reportedly observed near the Pokrovsk sector in eastern Ukraine. The configuration—an off-the-shelf satellite internet terminal strapped to a drone—suggests improvised but functional integration, consistent with past sightings. The drone’s design and power unit indicate it is of Russian origin, likely a variation of the Molniya unmanned aerial vehicle, which is known for its low-cost, modular construction.

The use of Starlink terminals on Russian drones was first publicly reported in early 2024. Since then, Ukrainian forces have documented multiple instances of their use, including on Shahed-136 drones and larger UAVs such as the RD-8 “mothership” drone, which is reportedly capable of controlling other loitering munitions using satellite connectivity. The main concern raised by Ukrainian defense observers is that Starlink-based control enables extended-range communications, allowing Russian drones to conduct reconnaissance or strike missions far from ground-based operators.

SpaceX has made no comment on this issue. According to the article, the Ukraine is “exploring alternative European satellite providers in response, seeking more secure and controllable communications infrastructure for military operations.” While switching to another satellite provider might allow the Ukraine to shut Starlink down and prevent the Russians from using it within its territory, doing so would likely do more harm to the Ukraine’s military effort than Russia’s. There isn’t really any other service comparable at this time. And when Amazon’s Leo system comes on line it will face the same black market issues. I doubt it will have any more success than SpaceX in preventing Russia from obtaining its terminals.

Overall this issue is probably not a serious one militarily, however. Russia is not likely capable of obtaining enough black market terminals to make any significant difference on the battlefield.

This story however highlights a positive aspect of these new constellations. Just as Russia can’t be prevented from obtaining black market terminals, neither can the oppressed citizens in totalitarian nations like Russia and China be blocked as well. These constellations as designed act to defeat the censorship and information control of such nations, a very good thing.

11 comments

SpaceX launches another 29 Starlink satellites

SpaceX in the early morning hours today successfully launched 29 more Starlink satellites, its Falcon 9 rocket lifting off from the Kennedy Space Center in Florida.

The first stage completed its fourth flight, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

156 SpaceX (a new record)
74 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 156 to 125.

1 comment

SpaceX launches another Transporter mission, including dozens of smallsats

SpaceX today successfully completed its fifteenth Transporter mission of smallsats, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California.

The two major customers for this mission were Planet Lab, placing 36 satellites for its imagery constellation, and Exolaunch, which acts as a launch manager for smallsat companies. It placed 58 payloads in orbit for many various companies. Another launch manager company, SEOPS, launched 7 payloads, while the European aerospace company OHB launched 8. Among the other payloads was Varda’s fifth re-usable capsule.

The rocket’s two fairings completed their fourth and fifth flights respectively. The first stage (B1071) completed its 30th flight, landing on a drone ship in the Pacific. With this launch this booster become the second SpaceX first stage to achieve at least thirty flights. As the rankings for the most reused launch vehicles below show, SpaceX now has four boosters close to becoming the most reused rockets ever.

39 Discovery space shuttle
33 Atlantis space shuttle
31 Falcon 9 booster B1067
30 Falcon 9 booster B1071
29 Falcon 9 booster B1063
28 Falcon 9 booster B1069
28 Columbia space shuttle

Sources here and here.

The leaders in the 2025 launch race:

155 SpaceX (a new record)
73 China
15 Rocket Lab
15 Russia

SpaceX now leads the rest of the world in successful launches, 155 to 124.

14 comments

SpaceX launches 28 Starlink satellites; 1st stage flies for first time

UPDATE: When I wrote this post, several sources stated that the first stage was flying for its thirtieth time. I relied on those sources. As it turns out, they were wrong. The first stage on this launch was flying for its first time. The post below has been rewritten to correct this error.

———————–
SpaceX early this morning successfully placed another 28 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Vandenberg Space Force Base in California.

The first stage completed its first flight, landing on a drone ship in the Pacific.

The leaders in the 2025 launch race:

154 SpaceX (a new record)
72 China
15 Rocket Lab
13 Russia

SpaceX now leads the rest of the world in successful launches, 154 to 120.

8 comments

SpaceX issues 1st statement regarding Superheavy test explosion

Damaged Superheavy
Click for original image.

SpaceX yesterday issued its first update regarding the explosion in the lower half of the Superheavy booster that it had planned to fly on the next orbital test flight.

Booster 18 suffered an anomaly during gas system pressure testing that we were conducting in advance of structural proof testing. No propellant was on the vehicle, and engines were not yet installed. The teams need time to investigate before we are confident of the cause. No one was injured as we maintain a safe distance for personnel during this type of testing. The site remains clear and we are working plans to safely reenter the site.

That no propellant was involved explains why the booster and test pad experienced relatively little damage. They were likely pumping nitrogen through the system to test it, and while something exploded, the gases were not volatile.

The picture to the right is a screen capture from aerial drone flights performed by RGV Aerial Photography and posted on nasaspaceflight.com. I have enhanced it to bring out the details. Note the lack of damage on all sides of the booster at its base. The explosion was clearly confined to the booster, and appears to have occurred from within.

22 comments

SpaceX launches 29 more Starlink satellites

SpaceX early this morning successfully launched another 29 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

The first stage completed its 9th flight, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

153 SpaceX (a new record)
72 China
15 Rocket Lab
13 Russia

SpaceX now leads the rest of the world in successful launches, 153 to 120.

0 comments

Superheavy intended for next test flight damaged during static fire test

Damaged Superheavy
Click for source.

According to video taken by the Labpadre live stream of SpaceX’s operations at Boca Chica, the Superheavy booster that the company was preparing for the next orbital test flight was damaged while it was being fueled for a static fire test.

The video, which I have embedded below, suggests a tank rupture occurred in the booster’s lower section, where its main oxygen tanks are located. Another post-incident image from different source on social media and to the right, shows the hull of that section badly deformed, with the far side not visible apparently blown out. It also appears the test stand experienced no or little damage.

This incident will likely delay the next orbital Starship/Superheavy test flight, but not significantly. SpaceX has more prototype Superheavys in the queue. While it might need to do some quick additional work preparing one, that should’t slow things down by much.

Figuring out what happened to cause this burst tank is more likely to cause a delay. The company needs to identify and fix the issue before it can proceed.
» Read more

18 comments

SpaceX launches 29 more Starlink satellites

The beat never stops! SpaceX tonight successfully placed another 29 Starlink satellites into orbit, its Falcon 9 rocket lifting off from the Kennedy Space Center in Florida.

The first stage completed its 23rd flight, landing on a drone ship in the Atlantic.

The leaders in the 2025 launch race:

152 SpaceX (a new record)
71 China
15 Rocket Lab
13 Russia

SpaceX now leads the rest of the world in successful launches, 152 to 119.

0 comments

SpaceX and China complete launches

Two launches on opposites sides of the globe this evening.

First, SpaceX launched another 29 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Cape Canaveral. The first stage completed its 12th flight, landing on a drone ship in the Atlantic.

Next (November 19th local time), China placed three classified satellites into orbit, its Long March 2C rocket lifting off from its Jiuquan spaceport in northwest China. China’s state-run press would only say the satellites were for “space environment exploration and related technology verification,” an utterly meaningless statement. That state-run press also said nothing about where the rocket’s lower stages, using very toxic hypergolic fuels, crashed inside China.

The leaders in the 2025 launch race:

151 SpaceX (a new record)
71 China (a new record)
14 Rocket Lab
13 Russia

SpaceX now leads the rest of the world in successful launches, 151 to 118.

1 comment
1 7 8 9 10 11 141