News
SpaceX board member says Starlink prototype satellites “are working wonderfully”
Speaking in a Satellite Innovation 2018 keynote, long-time SpaceX investor and board member Steve Jurvetson made a quiet but significant comment about the company’s Starlink satellite constellation efforts, stating that the first two prototype spacecraft – currently in orbit – “are working wonderfully.”
Standing in contrast to recent speculation that SpaceX’s Starlink project had experienced major failures with on-orbit hardware, Jurvetson may be a biased source but still has a major vested interest in SpaceX’s long-term success – supporting billions dumped into a satellite constellation with no real returns in sight would serve to seriously harm his significant investments in the company.
He would say that? Maybe, but @dfjsteve Jurvetson, early @SpaceX & @planet investor, told Satellite Innovation conference Oct 10, regarding SpaceX's two Starlink test sats launched in February: pic.twitter.com/WHzJlPUEPA
— Peter B. de Selding (@pbdes) October 12, 2018
Perhaps the most trustworthy source of SpaceX information outside of the company itself, Jurvetson expressed considerable confidence in SpaceX’s Starlink achievements thus far.
“I personally think SpaceX is in the lead [with Ku- and Ka-band phased arrays that could make (global LEO satellite broadband) possible] … Tintin 1 and 2 [are working wonderfully].” – Steve Jurvetson, Satellite Innovation 2018
Previously discussed on Teslarati, SpaceX’s growing experience with phased array antennas is undoubtedly a boon for the company’s proposed Starlink internet constellation, just one of several companies actively pursuing the increasingly competitive low Earth orbit (LEO) satellite broadband market. Fundamentally, phased array antennas will eventually take over nearly all multipurpose orbital communications thanks to the sheer simplicity and potential technical superiority of the technology.
Phased array antennas get their name from the fact that they have no moving parts – rather than moving a physical dish or angling dedicated ‘beams’, phased arrays actively use signal interference to very precisely shape, direct, and regulate line-of-sight communications beams. Currently quite immature, the draw of the technology is the sheer simplicity and reliability of antennas that require no moving parts, eliminating a major mode of failure and the inherent physical limitations of current antenna tech. Without something like phased arrays, LEO communications satellites would struggle to accurately and reliably track ground stations and gateways while traveling multiple kilometers per second.
- Traditional geostationary commsats like Telstar 19V feature dish-style antennas. The weird lumps and bumps on each dish are there by design, enabling the oddly specific coverage footprints seen to the right. (Telstar)
- Telstar 19V’s coverage map. Each coverage blob is there by design and is accomplished by physically shaping the antenna dish.
- LEO communications satellites like Iridium’s NEXT constellation feature totally flat panels of phased array antennas, capable of forming beams digitally. (Harris)
Large communications satellites in geostationary orbit do not face this problem. Thanks to their inherently fixed positions over ground targets (hence “geostationary“), designers and manufacturers have learned to quite literally mold each satellite’s on-orbit antennas to explicitly prioritize certain areas on the ground. This process tends to involve a prior determination of markets where demand for satellite communications is or will be highest, while also avoiding wasted coverage over areas with no need for it. However, once the antenna is launched, its beams are almost completely permanent. If markets change, the satellite simply cannot adapt.
Phased arrays, on the other hand, can almost entirely change where their many beams are directed, how much bandwidth is dedicated to certain locations, and all while accurately tracking moving targets with very few limitations. As a result, satellites with phased array antennas are sort of the communications jacks of all trades, capable of offering high-bandwidth connectivity to stationary user terminals, large ground stations, and moving vehicles simultaneously from with the same antenna array.
- SpaceX’s first two Starlink prototype satellites are pictured here before their inaugural launch, showing off a thoroughly utilitarian bus and several advanced components. (SpaceX)
- Patent diagrams like this show various subcomponents of a sandwiched phased array antenna, comprised of multiple printed circuit boards. (SpaceX)
- The technical term for this is “science rectangle.” In all seriousness, this is actually an extraordinary glimpse at custom silicon developed in-house at SpaceX, in this case a semiconductor die. (SpaceX)
- One of the first two prototype Starlink satellites separates from Falcon 9’s upper stage in February 2018. (SpaceX)
If SpaceX can perfect this, they will be the only company in the world to have done so on-orbit, while other satellite operators like Iridium have managed to build and launch low-bandwidth phased arrays but have yet to attempt to do so with the bands optimal for broadband internet or at a scale that might work for constellations of hundreds or even thousands of satellites. If Jurvetson is to be believed, SpaceX’s first foray into dedicated communications satellites and specialized hardware design and manufacturing has been a major success.
Even if the orbits of Tintin A and B do suggest that some difficulties were had with at least one satellite’s electric propulsion thrusters, it’s obvious that the experience and data derived from testing the vast majority of each satellite’s non-propulsion-related systems were invaluable and well worth the effort. Another group of prototypes will likely be launched according to Elon Musk, but that’s simply how SpaceX develops complex systems – build, launch, learn, and repeat.
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Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.






