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SpaceX will launch its Mars spaceship into orbit as early as 2020
First spaceship prototype already under construction
Speaking on a launch industry round-table at the Satellite 2018 conference, SpaceX President and COO Gwynne Shotwell revealed that the company intends to conduct the first orbital launches of BFR as early as 2020, with suborbital spaceship tests beginning in the first half of 2019.
Only six months after CEO Elon Musk first debuted the Interplanetary Transport System in Adelaide, Australia, a flood of recent comments from both executives have made it overwhelmingly clear that SpaceX intends to have its first spaceship ready for short suborbital test flights at the beginning of 2019. Considering Musk’s unprovoked acknowledgment at SXSW 2018 of his tendency towards overly optimistic timelines, the repeated affirmations of BFS test flights beginning in 2019 and now an orbital launch of the full BFR booster and ship in 2020 hold a fair deal more water than they did in 2017.
SpaceX’s subscale Raptor engine conducting a 40-second test in Texas. This engine will power both BFR and BFS. (SpaceX)
Breaking it down
These past few weeks have been filled with a number of similar statements from SpaceX executives like Shotwell, Musk, and others; all focused in part on the company’s next-generation launch vehicle, BFR (Big __ Rocket). Composed of a single massive booster and an equally massive second stage/spaceship (BFS), the rocket is meant to enable the affordable expansion of permanent human outposts on Mars and throughout the inner solar system by making good on the decades-old promise of fully reusable launch vehicles.
In order to succeed, the company will need to solve the problems that NASA and its Shuttle contractors never could.
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- The relatively cylindrical BFS reduces complexity and lowers weight. (SpaceX)
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- BFS (circa 2017) shows off its complement of SL and Vacuum Raptor engines. SpaceX is moving back to something similar to this. (SpaceX)
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- SpaceX’s 2017 BFS (now Starship) delivers cargo to a large lunar base. (SpaceX)
To an extent, SpaceX has already matured the principles and technologies needed to reliably recover and reuse the booster stage of two-stage rockets, demonstrated by their incredible success with Falcon 9.
BFR is a whole different animal, partly owing to its massive size, huge thrust, and new propellant and tankage systems, but those problems are more technical than conceptual. SpaceX already knows how to reuse boosters, and that will apply to BFR once its several technological hurdles have been overcome. Designing and building the orbital spaceship (BFS), however, will undoubtedly be the most difficult task SpaceX has yet to take on. The safety and cost records of the only other orbital-class reusable second stage in existence, the Space Shuttle, are at least partially indicative of the difficulty of the challenges ahead of SpaceX.
In order to succeed, the company will need to solve the problems that NASA and its Shuttle contractors never could – they will need to build an orbital, crewed spaceship that can be reused with minimal refurbishment, can launch for little more than the cost of its propellant, and does so with safety and reliability comparable to the records of modern commercial airliners – perhaps the safest form of transport humans have ever created.
Space Shuttle Atlantis docked with the beginnings of the International Space Station. The Shuttle suffered several deadly failures and cost more than the expendable Saturn V moon rocket it replaced. (NASA)
Rockets do not easily lend themselves to such incredible standards of safety or reliability – airliners average a single death per 16 million flights – but SpaceX will need to reach similar levels of reusability and reliability if they hope to enable even moderately affordable spaceflight or Earth-to-Earth transport by rocket. Still, there can be little doubt that SpaceX employs some of the absolute best engineering expertise to have ever existed in the US, and their extraordinary personal investment in the company’s goal of making humanity multi-planetary bode about as well as could be asked for such an ambitious endeavor. According to Musk and Shotwell, the first spaceship is already being built and suborbital tests will begin as soon as 2019, while full-up orbital launches – presumably involving both the booster and spaceship – might occur just a single year later in 2020.
SpaceX's Shotwell: BFR will probably be orbital in 2020, but you should start seeing hops in 2019. (Grasshopper reference?) #satshow
— Caleb Henry (@ChenrySpace) March 12, 2018
Musk: People have told me that my timelines historically have been optimistic. I am trying to recalibrate. What I do know is we are building the first ship. We will be able to do do short flights in the first half of next year. It's a big booster and ship. Saturn V thrust x2.
— Michael Baylor (@MichaelBaylor_) March 11, 2018
It appears that we will find out sooner, rather than later, if SpaceX has truly found a way to lower the cost to orbit by several orders of magnitudes. Follow us for live updates, behind-the-scenes sneak peeks, and a sea of beautiful photos from our East and West coast photographers.
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In the world of autonomous ride-hailing, there are only a handful of names. Among those few companies lies a strategy play by each to keep the opposition on their toes. Tesla, on the other hand, already tipped its hand at where it is headed next.
Tesla has signaled its next major push in the autonomous ride-hailing market by filing for an Autonomous Vehicle Network Company permit in Nevada (Docket 26-05015). Through Tesla Robotaxi, LLC, the company seeks approval to operate up to 5,000 robotaxis in Clark County, including high-traffic areas like Las Vegas and Henderson airports, within the first 12 months of launch.
This filing builds on Tesla’s earlier testing approvals from the Nevada DMV in September 2025 and preparations such as maintenance hubs in the Las Vegas area. Nevada represents a strategic expansion into a major tourist destination, where high visitor volumes could drive strong utilization and showcase the reliability of unsupervised autonomy to a broad audience.
We’d have to assume this means Tesla is targeting Las Vegas, and it’s a great move from a business perspective.
Vegas is such a melting pot of people from all around the country and the world. It will expose people from all corners of the globe to Tesla’s autonomy capabilities https://t.co/Qz3fQmhULF pic.twitter.com/Du5pj2RyWC
— TESLARATI (@Teslarati) June 6, 2026
Approval would mark a significant step toward commercial operations in a new state, following progress in Texas.
Tesla’s shareholder decks and earnings calls have clearly outlined these ambitions. In the Q4 2025 shareholder deck, the company listed planned Robotaxi coverage for the first half of 2026, explicitly naming Las Vegas alongside Phoenix, Miami, Orlando, and Tampa, with Dallas and Houston already advancing. Austin was noted as “ramping unsupervised,” while the Bay Area remained in safety-driver mode.
By Q1 2026, the deck updated statuses to reflect launches in Dallas and Houston, with “preparations underway” for the remaining cities, including Las Vegas. Paid Robotaxi miles nearly doubled sequentially in Q1, underscoring momentum even as broader timelines adjusted slightly for regulatory and operational readiness.
On earnings calls, CEO Elon Musk and executives have emphasized a phased rollout prioritizing safety. Unsupervised operations in Texas have shown strong results with no reported accidents or injuries in the program. Tesla continues groundwork in additional major U.S. metros through testing and permitting, positioning it to scale quickly once approvals clear.
This Nevada move aligns with Tesla’s vision of transforming from an EV maker into an AI and robotics leader. The forthcoming Cybercab, which started production at Giga Texas in April, is expected to eventually dominate the fleet, replacing many Model Y vehicles and driving down costs to enable affordable rides.
For investors and the industry, this signals Tesla’s intent to dominate key Sun Belt and tourist markets where weather, regulations, and demand favor rapid scaling. Success in Las Vegas could validate the model for denser urban and high-tourism environments, accelerating the shift toward a future where robotaxis generate meaningful revenue.
Las Vegas will also expand knowledge among the general public at Tesla’s capabilities, helping people experience driverless ride-hailing from several companies during their time on The Strip.
The Tesla Model 3’s cheapest trim level just got a major accolade, as Edmunds just revealed the Rear-Wheel-Drive trim of the all-electric sedan is the most efficient EV that is currently in production.
The 2026 Tesla Model 3 Rear-Wheel-Drive not only beat its EPA-estimated range by 30 miles, but it also bested its efficiency mark by 13.2 percent. The Model 3 tested by Edmunds traveled 393 miles, beating its EPA rating by 8.3 percent, while it returned 21.7 kWh per 100 miles, or 4.61 mi/kWh.
Beating those two metrics is especially pertinent when it comes to EV ownership and driving down the cost of ownership from ICE counterparts across the board. The real money savings come from driving down the cost of driving per mile, especially when it comes to high-mileage driving.
Edmunds stated in its report and review that the process it uses to test EV efficiency is aimed at giving “the most accurate representation of a car’s real-world range.” The assessment uses a strict route that features 60 percent city and 40 percent highway driving, and an average speed of 40 MPH across the trip.
It also drives each car within 5 MPH of all posted speed limits, and the climate control is set on Auto at 72 degrees to ensure even testing. In other words, Edmunds does not use methods to maximize efficiency, and instead tries to make it reasonable to achieve the same ratings yourself.
In comparison to other EVs, it beat the 2026 Mercedes-Benz CLA 350, which went 385 miles, as well as the 2026 Audi A6 Sportback E-tron Prestige AWD, which traveled 392 miles. Only the Mercedes-Benz CLA 250+ traveled farther, making it an impressive 434 miles on a charge.
However, the Tesla Model 3 RWD’s efficiency is “unmatched” because of its incredibly low energy usage per mile.
🚨 Tesla Model 3 RWD:
-At $36,990, it is $9,000 cheaper than the average transaction price for a new car ($46,023 via KBB)
-Was 13.2% more efficient than its EPA estimate
-Traveled 393 miles on a charge despite its 363-mile EPA range https://t.co/Grov2hXqpa pic.twitter.com/Zl8rnZZLIB
— TESLARATI (@Teslarati) June 8, 2026
The Model 3 Rear-Wheel-Drive might be the best bang-for-your-buck EV if you’re looking to buy new and want access to features like Full Self-Driving, while also being aware of efficiency. This trim of the Model 3 is also priced over $9,000 cheaper than what Kelley Blue Book says the average transactional price for a new car was in May 2026, which sits at $46,023.
If you’re looking for something with more speed, an All-Wheel-Drive drivetrain, or more premium features, the Premium trims of the Model 3 currently come with one year of Free Supercharging.
The Ontario Teachers’ Pension Plan (OTPP) stands to reap one of the most extraordinary returns in pension fund history thanks to a bold 2019 investment in SpaceX.
According to a recent report from The Globe and Mail, the Toronto-based fund invested roughly $300 million CAD (~$220 million USD at the time) in Elon Musk’s space company as its inaugural deal through the Teachers’ Innovation Platform.
At SpaceX’s anticipated $1.75 trillion IPO valuation, set for a mid-June debut on Nasdaq under ticker $SPCX, that stake could now be worth up to $11.6 billion USD. This would represent a roughly 50x return and easily become OTPP’s most successful single investment ever.
The fund manages $279 billion in assets for approximately 346,000 working and retired teachers in Ontario, potentially delivering an average boost of around $33,500 per member if fully realized.
SpaceX has filed its S-1 and plans to price shares at $135 each, aiming to raise a record $75 billion in what would be the largest IPO in history, surpassing Saudi Aramco. The company reported $18.67 billion in revenue for 2025, driven primarily by Starlink satellite internet growth and NASA contracts, though it continues to post significant losses tied to ambitious R&D in Starship and AI initiatives.
Important pieces moving forward include:
- Starlink Expansion: The satellite broadband service is scaling rapidly, targeting global connectivity, especially in underserved rural and remote areas. This segment offers massive recurring revenue potential as numbers climb.
- Starship and Reusability Leadership: SpaceX’s fully reusable Starship aims to slash launch costs dramatically, enabling frequent missions, Mars ambitions, and lucrative government/defense contracts. Success here could unlock exponential growth.
- AI and Diversification: Recent moves, including ties to xAI, position SpaceX in high-growth AI infrastructure, broadening beyond traditional aerospace.
- Validation Scrutiny: While the $1.75 trillion target excites investors, analysts like Morningstar value the company closer to $780 billion, citing high multiples (around 90x trailing revenue) and execution risks. A 180-day lockup period will prevent early investors like OTPP from selling immediately post-IPO.
The irony has not been lost on observers. Ontario’s government previously canceled a Starlink rural internet contract amid political tensions involving Musk, yet the pension fund’s savvy investment, made when SpaceX was valued around $33-36 billion, and Starlink was nascent, delivers outsized gains independent of politics.
For OTPP, this windfall strengthens its already solid 111 percent funding ratio and underscores the value of patient, innovation-focused capital allocation.
For SpaceX, the IPO marks a new chapter: greater transparency, access to public markets for talent retention and growth capital, and heightened pressure to deliver on its multi-planetary vision.
All eyes are fixed on whether SpaceX can justify its lofty valuation through sustained execution. For Ontario teachers, the returns are already stellar, but SpaceX, like other Musk companies in the past, has plenty of things to prove. Perhaps the most ideal person for the job is at the helm, hoping to bring the company to a massive valuation.
Tesla tipped its hand at where Robotaxi is heading next
Tesla Model 3’s cheapest trim just got a major accolade
