News
Elon Musk says SpaceX might refly Starship after historic landing
Update: CEO Elon Musk says that SpaceX “might try to refly SN15 soon” after it became the first Starship to ace a high-altitude launch and survive the landing. In other words, SpaceX might be about to kick off what’s bound to be a long and fruitful future of Starship reusability.
Less than six months after high-altitude flight testing began, SpaceX has successfully landed a full-size Starship prototype in one piece, giving the company its first real opportunity to inspect a flown vehicle with flaps, a nose, and three Raptor engines.
That spectacular success will simultaneously give SpaceX a wealth of data from any onboard cameras and data recorders, as well as the physical condition of Starship itself – including three Raptor engines with several minutes of flight time. While SpaceX likely already managed to determine a great deal from over-the-air telemetry and wreckage taken from Starships SN8 through SN11, it now has a virtually unharmed, full-scale, full-fidelity prototype to truly compare and contrast with more theoretical engineering and flight performance models.
Perhaps most importantly, though, SN15’s success also raises the question: what’s next for SpaceX and its Starship program?
The reality is that things could go any number of directions depending on Starship SN15’s condition and just how successful SpaceX determines the flight really was. If Starship SN15 and its tanks, flaps, and Raptors are all in impeccable condition, it’s not impossible to imagine that SpaceX could do what it did after Starship SN8’s near-total success and scrap Starship prototypes SN17, SN18, and SN19 before work really begins. While unlikely, SN15 could even fly a second time in that scenario.
Starship SN16 is already more or less complete could easily be ready to roll to the launch pad within the next week. Odds are good that SpaceX will use SN16 to (hopefully) replicate Starship SN15’s spectacular success and prove beyond a shadow of a doubt that the vehicle’s current design has fixed the issues that doomed SN8 through SN11. With SpaceX’s Starship program, though, just about anything is possible – especially at a point that CEO Elon Musk appears to be seriously considering a giant tower with arms as a replacement for landing legs.
Meanwhile, Musk himself confirmed that SpaceX is working towards a goal of launching Starship into orbit for the first time by July 2021. Beginning with Starship SN20, those initial orbital flight tests will use Starship prototypes with still more upgrades beyond the “hundreds of improvements” present on SN15. It’s unclear how significant the upgrades needed to move from SN15’s design to an orbit-capable Starship are but at minimum, SpaceX will need to outfit orbital ships with a full heat shield and three new vacuum-optimized Raptors on top of the three sea-level engines already flown on SN8 through SN15.
Musk has implied that recovering a Starship prototype from orbit could take several failed attempts before the first success. Along those lines, SpaceX has its work cut out for it given that Starship will be the heaviest orbital spacecraft ever launched by a large margin. Unlike the ~100 metric ton (220,000 lb) Space Shuttle orbiter, though, SpaceX won’t be gambling the lives of astronauts on Starship’s initial orbital flight tests, leaving far more room for uncertainty and risk-taking.
Beyond Starship itself, SpaceX has yet to complete or test a flightworthy Super Heavy booster prototype and the company’s orbital-class Starship launch facilities are far from complete. Many parts of Super Heavy boosters BN2 and BN3 have been completed and are waiting for integration to begin and SpaceX has made a huge amount of progress on said orbital launch site over the last six months, but months of work almost certainly remain before either crucial component will be ready for orbital launch attempts.
For now, we’ll just have to wait and see what happens to Starship SN15 and SN16.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, Â ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
SpaceX officially acquires xAI, merging rockets with AI expertise
The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
