News
SpaceX confirms plan to activate South Texas launch site in late 2018
Following our report that Elon Musk’s space company was progressing on the development of a new launch site in Texas, SpaceX’s Senior Communications Manager James Gleeson has confirmed with Teslarati that the company is, in fact, working towards the activation of its South Texas launch facilities in late 2018, possibly sooner.
“We are currently targeting late 2018 for the site in South Texas to be operational but we’re reviewing our progress and will turn the site online as soon as it’s ready.”
Combined with a comment made in early January by SpaceX President Gwynne Shotwell, BFS development by all appearances is going quite smoothly. Still, it’s likely that the Boca Chica site’s late 2018 “operational” status refers mainly to an ability to support something less than orbital launches, perhaps suborbital testing of BFS. According to a source knowledgeable with SpaceX’s South Texas outlook, there are currently no plans to manufacture BFR in the region, although the company has enjoyed the warm welcomes it’s received from local leaders enthusiastic about the company’s local expansion.
- SpaceX already operates an extensive rocket testing facility in Central Texas, tests that previously included flights of a Falcon 9 reuse demonstrator. (SpaceX)
- The majority of testing done at McGregor is of individual Merlin engines, each of which is fired for around dozens of seconds to verify performance and quality. (SpaceX)
- SpaceX’s current Texas facilities feature a test stand for Raptor, the engine intended to power BFR and BFS to Mars. (SpaceX)
The question of where to test the first Big F____ Spaceship (BFS) prototype also appears to be undecided at the moment, and comments made by CEO Elon Musk immediately after Falcon Heavy’s inaugural launch further confirmed that a couple of different options are under consideration, one of which involves using Boca Chica as a testing facility for the Mars rocket. True orbital launch operations are thus highly unlikely to begin at Boca Chica any earlier than mid-to-late 2019, and that aspirational timeline is of course intimately dependent upon the relatively smooth development and testing of BFS, as well as the potential value SpaceX might see in a fully-private orbital launch complex compatible with their proven Falcon family of rockets. A site wholly dedicated to Starlink launches, for example, could rapidly speed up the internet satellite constellation’s deployment, the completion of which could be a massive source of income capable of funding the company’s interplanetary ambitions.

The boom of a giant crane (possibly meant for BFS) seen in late 2017, parked at SpaceX’s Boca Chica facilities. (Reddit /u/ ticklestuff)
While SpaceX’s communications policy reasonably avoids commenting on employee movement, the South Texas site’s late 2018 operational status would undeniably require a fair amount of work, likely on the order of the refurbishment and repair of the SLC-40 pad. This indirectly lends at least a sliver of credence to a recent claim from Space Florida, a state-run economic development agency focused on aerospace, that a portion of the workers involved in the refurbishment of LC-40 and LC-39A’s Falcon Heavy upgrades have begun “working on their Brownsville [TX] site.”
Dale Ketcham, Space Florida: people who worked on LC-39A and SLC-40 here for SpaceX now working on their Brownsville site. Georgia will be offering a spaceport site just as attractive to launch customers as Brownsville.
— Jeff Foust (@jeff_foust) March 1, 2018
Indeed, local South Texas fans of SpaceX have done an outstanding job of tracking the progress made at the Boca Chica launch facility over the last several years, and activity at the site does appear to have exploded in recent months, relative to the several years of quiet landscaping that followed its 2014 announcement.
Most recently, the addition of a solar array installation, Tesla Powerpacks, and an 800-kilowatt generator gives the construction zone the ability to generate considerably more than 1MW of grid-independent power, likely more than enough to operate both a bevy of construction equipment and SpaceX’s Crew Dragon communications complex.

Solar installation at SpaceX’s facility in Boca Chica, Texas [Credit: Nomadd via NASASpaceFlight.com Forum]
Ultimately, it’s all but guaranteed that significant increases in construction and development activity (or the lack thereof) will be immediately noted and communicated by observant locals. If SpaceX hopes to make its South Texas site operational before the end of the year, major work can be expected to begin within a handful of months at most. In the meantime, activities in Los Angeles, CA, particularly the Port of San Pedro, will offer another source of data on BFS’ development progress. Now we wait…
Get real-time updates from our Space Team and follow:
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Investor's Corner
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
Investor's Corner
Google’s massive stake in SpaceX will shock you
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.


