News
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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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.”
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
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.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
Interested in ordering a Tesla? Use my referral code for three free months of Full Self-Driving (Supervised) here.
Tesla Q3 2026 Earnings results: in-line revenues, slight beat on EPS
Tesla reports Q3 Earnings today: here’s what to expect
