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SpaceX’s Starship rocket sails through first “flight-like” fueling test
SpaceX’s fully-assembled Starship rocket appears to have sailed through a major wet dress rehearsal test on the first attempt.
With the completion of that test, the next-generation SpaceX rocket has taken a big step toward its first orbital launch attempt. Starship measures around 120 meters (~394 ft) tall and 9 meters (~30 ft) wide, making it the largest rocket ever assembled. It’s designed to launch more than 100 metric tons (~220,000 lb) to low Earth orbit (LEO) in a fully-reusable configuration. At liftoff, Starship’s 33 Raptor engines will produce up to 7590 tons (16.7M lbf) of thrust, making it more powerful than any rocket in history by a large margin.
And on Monday, January 23rd, Starship likely became the heaviest rocket ever after SpaceX fully loaded the vehicle with propellant. Surprising most viewers, SpaceX also appeared to complete the complex test associated with that milestone without running into any major issues.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
The apparent success is surprising because it simply hasn’t been SpaceX’s approach of choice while developing Starship. Since SpaceX began assembling Starhopper in an empty Texas field in 2018, the Starship program has been almost exclusively managed to prioritize speed and expect failures. The company almost always preferred to build, test, and learn from minimum-viable-product prototypes as quickly as possible, even if that meant that failures were guaranteed.
Because SpaceX expected failures, it learned from them and always had another prototype ready to carry the torch forward. Starship prototypes rarely completed ground or flight tests on the first try, as SpaceX was simultaneously learning – often catastrophically – how to test and operate those vehicles. The culmination of that failure-as-an-option strategy was a series of seven suborbital Starship tests – two short hops of identical prototypes and five launch and landing attempts of five more advanced prototypes between August 2020 and May 2021. On the fifth attempt, after four failures, a full-scale Starship successfully launched to 12.5 kilometers (~41,000 ft), shut off its engines, fell back to Earth, reignited its engines, flipped around, and landed in one piece.
By all appearances, the campaign was the ultimate corroboration of SpaceX’s development strategy. In the second half of 2022, however, SpaceX decided to dramatically change the Starship program’s approach to risk management and systems engineering. Starship testing has become exceptionally cautious over the last several months, as a result.
From fail-fast to slow-and-steady
There is a small chance SpaceX simply got lucky, but Starship’s first fully-assembled wet dress rehearsal test appears to indicate that that caution has paid off. Combined, both stages of the rocket – Ship 24 and Booster 7 – collectively completed dozens of separate proof tests and static fires since mid-2022. They also made it through several far more limited tests while stacked.
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Having cautiously characterized each prototype about as well as it possibly could, SpaceX finally pulled the trigger on January 23rd. After hours of conditioning the Starbase, Texas orbital launch site’s giant tank farm, SpaceX opened the floodgates and loaded Ship 24 and Booster 7 with up to 4860 tons (~10.7M lbs) of cryogenic liquid oxygen and liquid methane propellant in about 90 minutes. Once fully loaded, the combined weight of the rocket and propellant likely exceeded 5000 tons (~11M lbs), making Starship the heaviest rocket in history. The next heaviest rockets ever built, Saturn V and N-1, weighed around 2800 tons (~6.2M lbs) fully loaded.
SpaceX was also able to drain Starship and return its propellant to the pad’s ground storage tanks about four hours after filling the rocket.
“Flight-like” testing
The company later confirmed that the test was a “full flight-like wet dress rehearsal,” as suspected, and noted that data gathered from it would “help verify a full launch countdown sequence, as well as the performance of Starship and the orbital pad for flight-like operations.” Parts of the test visible from unaffiliated webcasts like NASASpaceflight’s seemed to confirm as much. Shortly after Starship was fully loaded, for example, SpaceX activated the orbital launch mount’s fire extinguisher system, seemingly practicing the moments before the rocket would otherwise ignite its engines and take flight.
At no point during the wet dress rehearsal did SpaceX appear to enter any kind of hold or abort, indicating that the rocket’s systems were all working well enough together to smoothly complete it on the first try. The only mildly concerning behavior visible during the multi-hour test came shortly after Starship was topped off. Booster 7 opened one of its methane tank gas vents to relieve pressure and instead appeared to vent liquid methane, producing a flammable cloud thousands of feet long. More likely than not, the Super Heavy was slightly overfilled, and the liquid vent was an intentional response to that error. The cloud of methane thankfully did not find an ignition source, and Starship went on to finish the test as planned.
SpaceX has a lot of work left to prepare Ship 24 and Booster 7 for Starship’s first orbital launch attempt. Booster 7 must still complete one or several more static fires, during which it could become the most powerful rocket ever tested. To reduce risk, SpaceX will likely remove Ship 24 while testing Super Heavy, and reassemble the rocket only if Booster 7 passes its tests. SpaceX also needs to repair the pad after static fire testing and work with the Federal Aviation Administration (FAA) to finalize Starship’s first orbital launch license.
But after many false positives, Starship’s successful completion of a wet dress rehearsal on the first try has confirmed that the rocket’s orbital launch debut is – for the first time – actually close at hand.
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Elon Musk has declared that SpaceX has effectively solved one of Starship’s most persistent engineering challenges: the reliability of its heat shield tiles.
During the company’s first-ever Earnings Call, the SpaceX CEO stated:
“I don’t want to jinx it or anything, but I think I would call the heat shield problem solved at this point. All indications from data and visual inspection is we have solved it. That doesn’t mean we won’t make improvements, but we do not see any technical obstacles to achieving rapid reusability at this point.”
Starship’s heat shield consists of roughly 18,000 hexagonal ceramic tiles covering the windward side of the upper stage. These tiles form the thermal protection system that shields the vehicle’s stainless-steel structure from the extreme heat of atmospheric reentry.
Elon says he believes the heat shield problem with Starship is currently solved.
He called it “arguably the single biggest problem” pic.twitter.com/eEE9vM5zlz
— TESLARATI (@Teslarati) August 4, 2026
During descent, atmospheric friction generates temperatures exceeding several thousand degrees Celsius and creates plasma flows capable of melting unprotected metal. The tiles absorb, radiate, and insulate against this energy, allowing the vehicle to survive and potentially fly again. Without a durable heat shield, full and rapid reusability, the cornerstone of Starship’s design for frequent launches, satellite deployments, and deep-space missions, would remain impossible.
The tiles have long been a source of difficulty. On earlier test flights, a significant number of tiles detached during ascent due to vibration, aerodynamic loads, and imperfect attachment methods using pins and adhesives. Gaps between tiles allowed hot plasma to infiltrate, causing secondary damage and hot spots on the underlying structure.
These issues echoed challenges faced by NASA’s Space Shuttle, whose ceramic tiles required extensive, labor-intensive inspections and replacements between missions, preventing rapid turnaround. SpaceX has iteratively improved materials, standardized tile shapes, refined attachment techniques, added secondary ablative layers, and tested sealing methods such as “crunch wrap” felt to close gaps.
Progress was visible across Flights 10–12, with steadily better tile retention, yet questions remained about whether the system could support the minimal-refurbishment goal of rapid reuse.
Flight 13 on July 24 provided the decisive evidence. Ship 40 flew a deliberately more demanding profile with higher dynamic pressure to stress the heat shield beyond typical operational loads. It successfully deployed 20 operational Starlink V3 satellites, the first such payload on a Starship mission, performed an in-space Raptor engine relight, and executed a controlled reentry.
Elon Musk sheds two new bits of detail on Starship after 13th test launch
Cameras on six of the satellites and onboard sensors captured extensive imagery and data of the shield throughout the flight. The ship then achieved its softest splashdown to date in the Indian Ocean, remaining intact and floating rather than breaking apart or exploding as on prior missions. This allowed drone inspections and continuous telemetry of the heat shield in near-real time.
Post-flight analysis showed the majority of tiles remaining attached with only minor damage and limited plasma streaking at seams. Musk noted that the mission delivered “all the heat shield data we needed and then some.” Combined with visual inspections, these results underpinned his subsequent assessment that the core technical barriers to rapid reusability have been cleared. While refinements will continue, Flight 13 marked a pivotal step toward Starship’s operational future.
SpaceX COO Gwynne Shotwell outlined ambitious plans for Starlink Mobile during the company’s August 4 Earnings call, signaling a direct challenge to U.S. wireless giants like AT&T, T-Mobile, and Verizon.
Shotwell noted that the three companies generate roughly $600 billion in combined annual revenue. “I anticipate us to be able to acquire quite a few of their customers because I think our service will be better,” she said. “We will eliminate dead zones leveraging the satellites in orbit. It will be better during any natural disaster… I’m quite excited about Starlink Mobile.”
SpaceX President & COO Gwynne Shotwell on @Starlink Mobile and its impact on Verizon, AT&T and T-Mobile:
“Roughly, between them, $600 billion a year. I anticipate us to be able to acquire quite a few of their customers. Our service will be better. We will eliminate dead zones… pic.twitter.com/UYZUkrGc0L
— Sawyer Merritt (@SawyerMerritt) August 4, 2026
SpaceX intends to combine its satellite constellation with terrestrial infrastructure. The company has acquired about 65 MHz of spectrum from EchoStar and plans to deploy next-generation Starlink Mobile satellites in 2027, with upgraded service targeted for the end of that year.
Shotwell described the enhanced network, leveraging more satellites and spectrum, as potentially “100 times better” than the current direct-to-cell offering, which already supports basic texting and app-based voice/video in coverage gaps through partnerships. She also indicated plans for low-cost cellular base stations that could integrate with existing Starlink dishes, creating a hybrid system for broader capacity in urban, suburban, and rural areas.
For the general public, Starlink Mobile promises significant advantages. Satellite connectivity can fill gaps where traditional cell towers fail, delivering service in remote locations, mountains, or during outages caused by storms, wildfires, or infrastructure damage—conditions in which ground networks often collapse.
Users could enjoy more consistent coverage without relying solely on dense tower builds, potentially at competitive prices as SpaceX scales. The hybrid approach aims to support full mobile services, including higher-speed data, while working with unmodified smartphones over time.
These developments revive long-standing but unfounded rumors of a Musk-developed “Tesla phone.” Speculative claims of a “Pi Phone” or similar device with built-in Starlink connectivity have circulated for years on social media, often featuring fabricated images and details. Elon Musk has repeatedly denied any such plans, stating Tesla has no intention of entering the smartphone market unless forced by extreme circumstances with app stores.
No official product, filings, or development announcements have ever materialized; the rumors remain hoaxes.
The announcement quickly pressured telecom stocks. Shares of AT&T, Verizon, and T-Mobile fell between roughly 2 and 4 percent in after-hours and premarket trading as investors weighed the competitive threat from a hybrid satellite-terrestrial network.
While execution challenges remain—spectrum deployment, infrastructure rollout, and regulatory hurdles—Shotwell’s remarks mark SpaceX’s clearest signal yet of entering the consumer mobile market as a full competitor.
Venture capitalist Chamath Palihapitiya has cautioned investors shorting SpaceX shares, drawing a direct parallel to the intense short-selling pressure Tesla faced in its early public years.
Responding to reports of elevated short interest in the newly public rocket, satellite, and AI company, Palihapitiya noted that similar dynamics played out with Tesla, where aggressive short sellers ultimately “went broke.”
SpaceX (NASDAQ: SPCX) went public on June 12, 2026, in the largest IPO on record, pricing at $135 per share. Shares quickly surged to an all-time high of $225.64 just days later, briefly implying a valuation exceeding $2 trillion. The stock has since retreated sharply amid valuation concerns, lockup expiration fears, and broader market dynamics.
By early August, it traded near $108–$125, representing a roughly 50 percent decline from the peak and bringing the market capitalization closer to the $1.5–1.7 trillion range. On August 4, shares closed up more than 9 percent at $125.33 ahead of earnings before facing pressure in after-hours and premarket trading.
Short interest has climbed dramatically. According to S3 Partners data widely cited in market reports, short positions reached approximately 219.3 million shares by late July, about 34 percent of the limited public float of roughly 640 million shares, and represented a notional value of around $24.6 billion.
Utilization of shares available to borrow hit 95 percent, with borrow fees rising. This level of shorting exceeded the dollar value of short bets against Tesla at the time and built rapidly ahead of two catalysts: the company’s first post-IPO earnings and an August 6 lockup expiration that could free up to 911.5 million additional shares.
CEO Elon Musk has issued warnings of his own. In mid-July, as short interest approached one-third of the float, he posted that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” reiterating his view that the company could ultimately be worth more than Earth if it achieves its goals.
On August 4, just before earnings, Musk responded to the latest short-interest data by saying, “I try to warn them, but they just double down.”
SpaceX delivered its first quarterly results as a public company after the close on August 4. Second-quarter revenue rose 92 percent year-over-year to $7.8 billion, beating consensus estimates near $6.8–6.9 billion.
The net loss narrowed to $541 million, or 9 cents per share, better than the roughly 23–24 cent loss expected. Starlink/connectivity contributed about $4.3 billion (up 66 percent), while the AI business generated $2.6 billion (up roughly 250 percent). Capital expenditures were heavy at $18.4 billion, largely tied to AI infrastructure. Management projected a $100 billion annualized revenue run rate by year-end 2026 and outlined a path toward $1 trillion in annual revenue by 2030.
The combination of Chamath’s historical reminder, Musk’s repeated alerts, and the company’s ambitious growth targets underscores the high-stakes debate surrounding SPCX. Short sellers are positioned for near-term supply pressure from the lockup, while long-term bulls point to Starlink scale, Starship progress, and AI compute expansion as reasons the bears may ultimately face the same fate as many early Tesla skeptics.
SpaceX has solved Starship’s biggest challenge, Elon Musk says
SpaceX is coming for wireless giants with Starlink Mobile
