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Elon Musk gifts SpaceX Starship angel investor a piece of Starhopper history
According to photos posted by the Japanese investor, SpaceX CEO Elon Musk has gifted Yusaku Maezawa a significant piece of Starhopper history, a celebration of the rocket prototype’s successful flight tests and a gesture of thanks for Maezawa’s substantial support.
Back in September 2018, Musk revealed that Japanese billionaire Yusaku Maezawa had become the first true customer for SpaceX’s next-generation Starship launch vehicle. In fact, Maezawa announced DearMoon, a private spaceflight venture with the aim of sending a dozen or so artists on the first commercial crewed mission around the Moon – all for free.
In a bid to assist Starship development and simultaneously secure rights to the massive spacecraft’s first crewed lunar launch, Maezawa committed what is believed to be several hundred million dollars of his personal fortune to SpaceX. In turn, the Japanese billionaire plans to select roughly a dozen artists from around the world and offering them a free ticket aboard Starship’s first crewed circumlunar launch, traveling once around the Moon and returning to Earth after 10 or so days in space.
Perhaps just a few weeks after the DearMoon announcement and Starship event, SpaceX CEO Elon Musk decided to radically change the Starship program, entirely replacing the vehicle’s main structural material of choice – carbon fiber composites – with stainless steel. The primary goal was to dramatically lower the cost of development and vehicle production and speed things up, but Musk quickly realized that steel could unintuitively be better than carbon fiber in almost every way.
After Musk’s decision, SpaceX pivoted from carbon fiber to steel at a spectacular pace. Barely six months after the design change, a SpaceX team had built up its Boca Chica, Texas facilities from almost nothing, begun to build full-scale steel hardware, and nearly completed the first low-fidelity prototype, known as Starhopper. That vehicle began propellant loading and wet dress rehearsal testing in early-April 2019 and although technical difficulties with its next-generation Raptor engines caused several months of delays, it moved into its first flight test campaign three months later.
Starhopper’s first untethered flight was completed successfully on July 25th, reaching an apogee of ~18 meters (60 ft). A little over one month later, Starhopper lifted off for the second time on a significantly more ambitious ~150m (500 ft) flight test, completed successfully after about 60 seconds in flight. That second test would be Starhopper’s last and SpaceX quickly turned its focus to completing the first full-scale, full-fidelity Starship prototypes, known as Mk1 (TX) and Mk2 (FL).
Throughout this process, Yusaku Maezawa has followed along with SpaceX. Rather than a simple lump-sum agreement, the billionaire’s contract with SpaceX is structured much more specifically, essentially allowing the company to unlock additional funding after certain milestones – like Starhopper’s flight tests – are completed. The arrangement is more of a carrot on a stick than something dead-serious – Maezawa is probably not going to completely withhold funding if SpaceX slightly misses exact targets or suffers anomalies during a complex launch vehicle development program.
In order to complete its two flight tests, Starhopper needed some kind of attitude control system (ACS) to remain stable and SpaceX chose a decidedly SpaceX-y solution, simply bolting on flight-proven Falcon 9 thruster pods. Those pods use high-pressure nitrogen to change Falcon 9’s attitude, correctly point the rocket, and settle its propellant while the rocket is in a vacuum (or freefall). They can also provided limited control authority in atmosphere, which is what SpaceX used them for on Starhopper.
As a gesture of gratitude for Maezawa’s extremely helpful financial support, SpaceX gifted him an entire Starhopper thruster pod. SpaceX often does similar things for major flight milestones, creating commemorative gifts out of retired hardware (rocket tanks, engine bells, grid fins, parachute threads, etc.) that employees are able to purchase. An entire thruster pod is at least a few orders of magnitude above that, a sign of just how grateful SpaceX is to Maezawa.
Of note, in his tweet showing off the thruster pod, Maezawa suggested that “Starship development is going better than expected”, indicating that he may “need to invite a passenger soon” for his planned circumlunar voyage around the Moon. Prior to Starship’s radical shift from carbon fiber to steel, that mission was scheduled no earlier than 2023. In recent months, SpaceX executives have made it clear that they are now targeting Starship Moon landings by 2022, suggesting that the first circumlunar missions – a far easier task than landing – could be possible even sooner than that.
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Tesla Cybercab units finally got a definitive date for when they will be able to be purchased by consumers, ending speculation regarding whether the fully autonomous vehicle would be available in the near term.
During Tesla’s third-quarter 2026 earnings call on October 21, Vice President of Engineering Lars Moravy said the company is aiming to begin delivering its purpose-built Cybercab robotaxi to customers before year-end.
🚨 In short, Cybercabs are slated to go to customers by end of the year. All units are going into Robotaxi fleet currently, per @larsmoravy
Cybercab will be “transport-as-a-service,” but vast majority of Cybercab will be “Tesla-owned,” @elonmusk says https://t.co/R8Qu8QWdmp
— TESLARATI (@Teslarati) October 21, 2026
“We’re trying to get Cybercabs to customers by the end of this year, 2026,” Moravy said. He added that production is underway on the line at Gigafactory Texas, but “all of those are currently going to our own internal Robotaxi fleet.”
Moravy explained that as operations scale, Tesla will “mainly deliver fully designed autonomous vehicles to our customers,” with the Cybercab as the first such vehicle. Initial customer deliveries will start small while the company gains experience with delivery logistics, ownership models, fleet management, and operating autonomous vehicles outside its direct control.
CEO Elon Musk reinforced the limited nature of private sales, describing the Cybercab primarily as a “transport-as-a-service” offering rather than a personal ownership vehicle like the Model 3, Model Y, or upcoming Roadster. “The vast majority of the Cybercab stuff will be Tesla-owned and transport-as-a-service,” Musk said.
The Cybercab is a two-seater vehicle developed by Tesla without a steering wheel or pedals. It relies completely on Tesla’s Full Self-Driving suite and has been in production since February. Early units have been put in Tesla’s Robotaxi service as of early September, when the company launched rides to the public. Tesla previously indicated it would aim to sell Cybercabs for about $30,000.
Unsupervised Full Self-Driving is expected to ship to consumer cars during Q2 2027, Ashok Elluswamy, Tesla’s Head of AI, indicated during the call. Early buyers or fleet operators may receive vehicles whose autonomous operation remains geographically restricted due to lagging regulatory agencies. There are some hurdles that remain ahead of Cybercab deliveries.
Tesla (NASDAQ: TSLA) reported its earnings for the third quarter of 2026, marking a reasonable performance on the various financial metrics. Tesla still plans to hold a call that will field investor questions at 5:30 p.m. ET, 4:30 p.m. CT.
Here’s where Earnings came in:
- Total Revenues: $28.046 reported vs. $28.34B expected
- Non-GAAP EPS: $0.48 reported vs. $0.45 expected
- Operating Margin: 2.6 % reported vs. 2.5% expected
- Operating Income: $718M reported vs. $721M expected
- Free Cash Flow: $1.531B reported vs. ~-$4.51B expected
Tesla $TSLA Earnings Results:
Revenues: $28.046B
Non-GAAP EPS: $0.48
Operating Margin: 2.6%
Operating Income: $718M
FCF: $1.531B— TESLARATI (@Teslarati) October 21, 2026
Major Takeaways
Full Self-Driving (Supervised)
“FSD (Supervised)⁴ attach rate continued to grow, reaching over 75% of new vehicle deliveries in North America – our most mature market – a nearly twenty percentage point sequential increase. We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets.”
Tesla Semi
“We began volume production of Tesla Semi, our Class 8 heavy-duty truck. The top variant can go 500 miles at full 82,000 lbs gross combination weight while achieving an efficiency of 1.7 kWh/mile. That efficiency allows the Tesla Semi to use a third of the energy used by a comparable diesel truck to haul the same payload. In a transportation market where energy is one of the largest components of total cost per mile, this will provide a meaningful advantage to Tesla Semi operators.”
SI Compute
“We plan to reach 400 MW of SI training compute by the end of the year, supporting the development of both vehicle and humanoid robot autonomy software. Additionally, we continued construction for the Austin Fab, where we plan to start commissioning equipment in 2027.”
Robotaxi
“We began deployment of Cybercab into our Robotaxi fleet in Austin. We reached nearly two million cumulative unsupervised miles for our Robotaxi service as of the end of the quarter. Operating hours in Austin are now 6am to midnight, and we expect to reduce wait times via increased fleet supply and improvement of Robotaxi orchestration algorithms. Grok is available in Cybercab with access to Grok Bot and Connectors, which allows users to manage their inbox, calendars, files, chats and tasks – all hands free via voice command – making Cybercab a mode of transport, a productivity space and, with our entertainment options, a second living room.”
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Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
Tesla Cybercab gets a for sale date at last
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
