

News
SpaceX worth $33B after raising more than $1B for Starlink and Starship
Since April 2018, SpaceX has successfully raised more than $1.24 billion through the sale of equity, likely sold to investors by extrapolating the company’s current record of success to include the potential of its next two products, Starlink and Starship.
Thanks to SpaceX’s successful streak of fundraising, the company is now valued at $33.3 billion according to sources that spoke with CNBC reporter Michael Sheetz. The same source indicated that demand for SpaceX equity remains strong as the company seeks to continue extremely expensive development and production programs. Most notably, SpaceX is simultaneously building two full-scale orbital Starship prototypes at separate facilities in Texas and Florida, readying an earlier Starhopper testbed for serious test flights, and is in the midst of ramping up its Starlink satellite production to levels unprecedented in the history of spaceflight.
Put simply, with SpaceX’s Starship and Starlink programs simultaneously entering into capital-intensive phases of development and production, the company has a huge amount of work on its plate. Most of that work involves testing prototypes with technologies that are frequently unprecedented, as well as refining those designs into something final and worthy of serious production. In the case of Starship, a great deal of integrated testing and design finalization lies ahead before SpaceX can even think about starting serial production of its ~50m (160 ft) tall steel Starships or ~60m (200 ft) Super Heavy boosters.
Although large-scale aerospace development programs already tend to be very expensive, SpaceX (led by CEO Elon Musk) has structured its Starship/Super Heavy development program to be extremely hardware-rich. This is another way to say that prototypes are constantly being built, designs are ever-changing, and hardware is constantly being severely damaged (or even destroyed) during fast-paced testing. SpaceX (and Musk) have often been famous for preferring development programs that move fast and break things, delivering knowledge and optimizing designs through lessons learned (often the hard way). SpaceX also values “scrappiness” in its programs, although that sadly ends up coming at the cost of employee pay (below industry standards) and benefits (scarce bonuses, no 401K-matching, extreme hours, minimal work-life balance).
Put it all together and the results of SpaceX-style development programs have frequently defied cemented industry expectations and beliefs. SpaceX has built – from scratch – entire launch vehicles (Falcon 9 V1.0) and spacecraft (Cargo Dragon) 5-10 times cheaper than NASA believed possible. SpaceX has successfully developed a commercially viable style of reusable rockets and took just ~30 months to go from its first attempted landing to a successful booster recovery and less than 15 months after that to reuse its first booster on a commercial, orbital-class launch. Competitors that vehemently denied that SpaceX would succeed are now 5-10 years behind with disinterested responses to the reusable titan that is Falcon 9/Falcon Heavy.
Still, while SpaceX’s record of commercial and technical spaceflight success is second-to-none since the Apollo Program and the early days of the Space Shuttle, even its extraordinarily cost-effective development style requires major funding in the face of ambitions as grand as Starship and Starlink.
Starlink races ahead
On May 23rd, SpaceX completed an extraordinarily ambitious Starlink launch debut, placing sixty “v0.9” spacecraft into low Earth orbit (LEO). Weighing no less than 16.5 tons (~36,000 lb), SpaceX’s first dedicated Starlink mission also became the heaviest payload the company has ever launched by at least ~30%. Aside from the spectacular statistics associated with the mission, SpaceX also debuted an exotic and largely unprecedented satellite form factor, stacking each flat, rectangular ~230 kg (510 lb) spacecraft like a deck of cards. With Starlink, SpaceX has also flown the first krypton-powered ion thrusters, replacing the traditional xenon to cut as much as $100,000 (or even more) from the cost of each satellite.
“We continue to track the progress of the Starlink satellites during early orbit operations. At this point, all 60 satellites have deployed their solar arrays successfully, generated positive power and communicated with our ground stations. Most are already using their onboard propulsion system to reach their operational altitude and have made initial contact using broadband phased array antennas. SpaceX continues to monitor the constellation for any satellites that may need to be safely deorbited. All the satellites have maneuvering capability and are programmed to avoid each other and other objects in orbit by a wide margin.” — SpaceX, May 31st

~20 days after launch, all 60 satellites are in contact with SpaceX ground controllers and all but 3-4 have managed to successfully begin raising their orbits from ~450 km to 550 km (280-340 mi). Roughly two dozen have already passed 500 km and most should reach their final orbits within 1-2 weeks.
By far the most significant news, however, was CEO Elon Musk’s confidence that SpaceX already has “sufficient capital to build an operational constellation”, likely referring to a constellation of 750-1500 spacecraft capable of either covering the entire US or offering “decent global coverage”. Of note, Musk made this comment days before SpaceX – via SEC filings – effectively announced that it has already raised more than $1B in 2019. A large portion – if not all – of that funding is thus likely bound for Starlink as the program’s shockingly small team of ~400 prepares to aggressively ramp up production.
According to both COO Gwynne Shotwell, Musk, and SpaceX, the company hopes to conduct an additional 1-5 launches of 60 Starlink satellites this year, potentially leaving SpaceX with a constellation of more than 400 satellites – with a total bandwidth of 7 terabits per second (tbps) – after just eight months of launches. Equally significant, SpaceX’s official Starlink.com website states that SpaceX wants to offer real internet service to an unspecified number of US and Canada consumers after just six launches. In other words, SpaceX could deliver the first (possibly alpha or beta) taste of consumer Starlink internet service by the end of 2019.
If SpaceX can deploy the constellation soon and Starlink reaches its cost, performance, and longevity targets, it’s safe to say that SpaceX’s private investors are going to be extraordinarily happy with their financial decision.
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Elon Musk
Elon Musk confirms Tesla is already rolling out a new feature for in-car Grok
Tesla is already making in-car Grok more robust with a simple but effective feature that CEO Elon Musk says is “coming.”

Tesla CEO Elon Musk has confirmed that the company will roll out a new feature for in-car Grok as it is rolling out to vehicles for the first time.
Grok was just recently added as a feature to Tesla vehicles within the past week, but owners are already requesting some small changes to make it more convenient to use.
Tesla debuts hands-free Grok AI with update 2025.26: What you need to know
The first is already on the way, Musk confirmed, as WholeMarsBlog requested a simple, but useful feature for Grok as it is used within Tesla vehicles.
Whole Mars requested that “Hey Grok” be used as a wake word, automatically activating the AI assistant without having to touch any buttons. Musk confirmed it is already in development and on the way to vehicles:
Coming
— Elon Musk (@elonmusk) July 16, 2025
This feature is incredibly similar to that of “Hey Siri” with iPhones and other iOS devices. The phone will recognize your voice and hear that prompt, automatically activating Siri. Apple’s assistant will then perform whatever task it is asked to perform. It’s a simple but effective performance feature.
Grok is already getting its first reviews from owners as it rolls out to owners for the first time. It is a long time coming, too. Tesla has been hinting that Grok would be enabled in the vehicles for a while now, and it just started its initial rollout last week.
After using @grok in my Tesla tonight, I’m insanely impressed.
I honestly went into it a bit skeptical on how useful it would actually be, but I asked it some real genuine questions and it nailed it every time.
Asked it if I take my Tesla to San Francisco next week, where… pic.twitter.com/R0QrK347vi
— Zack (@BLKMDL3) July 16, 2025
Hey @Tesla_Optimus … @grok wants to know if you’re free tonight pic.twitter.com/xXfSkg8M22
— Tesla (@Tesla) July 12, 2025
Grok is available in vehicles with the AMD chip and requires Premium Connectivity or a WiFi connection to use.
Elon Musk
Tesla reveals key detail of Supercharger Diner, but it’s bigger than you think
Tesla has finally released one key detail about the Supercharger Diner, and it is bigger than what it appears at face-value.

Tesla has revealed a key detail of its Supercharger Diner as its launch date appears to be nearing, based on what we are seeing at the site currently.
The Supercharger Diner is located on Santa Monica Boulevard in Los Angeles and was first proposed as an idea by CEO Elon Musk back in 2018. Musk envisioned a drive-in movie-style 1950s-inspired diner that would feature elements such as servers on roller skates, large movie screens, and a menu inspired by classic treats from several decades ago.
A project that first broke ground in 2023, the Supercharger Diner has been in development for over two years, as Tesla performed demolition work at the site back in February of that year.
It has slowly moved forward, and drone footage shot this week seems to show things are nearly up and running. Musk even mentioned that he had eaten at the Diner Supercharger this week.
There are still details that Tesla has yet to announce and confirm. The most important thing is regarding the menu that will be served at the diner.
Tesla has not hinted at what it will be making for patrons at the restaurant, but Musk commended the food and said the diner would be one of the coolest spots in LA.
🚨 Tesla has involved “almost every team at the company…in some form” in the development of the Supercharger Diner in Los Angeles https://t.co/wLC6t79vgu pic.twitter.com/o52SWWbYPd
— TESLARATI (@Teslarati) July 16, 2025
However, we now have details on another important thing about the restaurant: the hours.
Images taken by Aaron Cash of ABetterTheater.com show the diner will be open 24/7, as it appears on the front doors of the diner:
🚨 Tesla Diner in Los Angeles will be open 24/7 https://t.co/SlccUUlLIb pic.twitter.com/9I78ZGBdnz
— TESLARATI (@Teslarati) July 15, 2025
At first thought, it seems this will operate like any other diner, as many are open for 24 hours a day. Diners typically serve large menus with numerous options, catering to the tastes and moods of anyone who walks in.
People of all walks of life eat at diners, as the food is typically affordable, tasty, and available at any hour to serve those who are night owls or those who work non-typical schedules.
However, Tesla is a bit different, and it seems that this new venture into food service could eventually transition from human servers and cooks to robots, most notably the company’s in-house project of Optimus.
It is something straight out of a Star Wars movie. I can think of Obi-Wan Kenobi visiting Dex in his diner in Attack of the Clones to figure out where a poison dart was sourced from:
Eventually, Optimus will likely be working as an employee in the Tesla Diner, and 24/7 operation will be performed by the humanoid robot that aims to eliminate trivial tasks from humans.
News
First glimpse of Tesla Model Y with six seats and extended wheelbase
It’s longer and taller than the regular Model Y, and it has a cool new badge.

Tesla’s extended wheelbase Model Y has been announced by the electric vehicle maker on its official Weibo page in China. At the same time, details of the upcoming vehicle have been listed in the China Ministry of Industry and Information Technology’s (MIIT) new regulatory catalog.
The extended wheelbase Model Y
Tesla announced the upcoming vehicle on its official Weibo page, with the company noting that the new car will be called the “Model Y L.” Images posted by the company showed that the Model Y L will feature a “Model Y” badge with a stylized “Y” graphic. A teaser image of the vehicle taken from its side also emphasizes the extra space that was gained from its extended wheelbase.
The MIIT listing for the Model Y L indicated that the vehicle would be 4,976 mm long, 1,920 mm wide, and 1,668 mm high. Its wheelbase was listed in the MIIT’s catalog as 3,040 mm. In comparison, the new Model Y is currently 4,797 mm long, 1,920 mm wide, and 1,624 mm high, with a wheelbase of 2,890 mm.
Six seats and some power
Most notably, the extended wheelbase Model Y was listed in the MIIT regulatory catalog as a six-seat model. The vehicle is also listed with the product model number TSL6500BEVBA0, as noted in a CNEV Post report. And as hinted in Tesla China’s Weibo post, the vehicle will be released sometime in the fall.
The Model Y L is listed as a dual motor vehicle with peak power outputs of 142 kW and 198 kW for the front and rear motors. The vehicle is also listed with ternary batteries supplied by LG Energy Solution, and it reportedly weighs 2,088 kilograms (4603 pounds). In comparison, the new Model Y Dual Motor AWD weighs 4391 pounds.
Tesla China has not hinted at the price of the new Model Y L, though expectations are high that the vehicle will be priced at about RMB 400,000 ($55,764). It also remains to be seen if the Model Y L will also be produced in Tesla’s vehicle factories in the United States and Germany.
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