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SpaceX CEO Elon Musk arrives in Texas for milestone Starship engine test
On Saturday evening, SpaceX CEO Elon Musk landed in Waco, Texas – perhaps along with additional SpaceX propulsion engineers – for the critical static fire debut of the first “radically redesigned” Raptor engine, built to power BFR’s Starship upper stage and Super Heavy booster.
If the first operationalized Raptor’s static fire tests go well, there are several possible routes the test program could take, all of which will end up with this engine and several others being tested and ultimately installed on the Starship hopper (Starhopper) prototype under construction roughly 500 miles (800 km) south of SpaceX’s Raptor test cell.
At @SpaceX Texas with engineering team getting ready to fire new Raptor rocket engine pic.twitter.com/ACFM8AtY8w
— Elon Musk (@elonmusk) February 3, 2019
Shortly after Musk revealed official photos of the first operationalized Raptor preparing for an inaugural static fire test at SpaceX’s McGregor, Texas facilities, the SpaceX and Tesla CEO’s private jet was seen landing at Waco, Texas around sunset. Although all SpaceX technical expertise needed for Raptor’s first ignition was probably already on site several days prior, Musk has been known to offer seats on his private planes to SpaceX and Tesla employees when a critical group is needed away from their normal base of operations. The best examples come from Tesla engineering expertise sometimes traveling between Fremont and Gigafactory 1 when needed, often to solve production holdups.
Regardless of whether he was traveling with members of the SpaceX propulsion team, Musk’s arrival at McGregor yesterday signified that Raptor Block 1’s first integrated hot-fire was imminent. Assuming no attempt was made on Saturday night or Sunday morning, SpaceX technicians and engineers are presumably still working on installing what is effectively a new rocket engine and ensuring that Raptor’s test cells – extensively overhauled and upgraded for the occasion – are working as intended. While the development Raptors SpaceX built hovered around 1000 kN (~100t) of thrust, also roughly the same as Merlin 1D, the Raptor now on stand in Texas is reportedly a 200 ton-class engine or more than double the thrust of any single engine SpaceX engineers and technicians have built or test-fired in 15 years of engine development.
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- The only official render of Raptor, published by SpaceX in September 2016. The Raptor departing Hawthorne in Jan ’19 looked reasonably similar. (SpaceX)
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- Technically speaking, this Raptor is the smaller (sea-level) version of the engine. (SpaceX)
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- SpaceX’s current Texas facilities feature a test stand for Raptor, the engine intended to power BFR and BFS to Mars. (SpaceX)
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- A Raptor prototype is seen here during its first-ever ignition test. (SpaceX)
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- A 2017 test-firing of the mature development Raptor, roughly 50% less powerful than the full-scale system. (SpaceX)
A fork in the R&D road
Prior to completing Raptor Block 1 (unofficial designation), SpaceX cumulatively test-fired dev Raptors for far more than 1200 seconds over the course of more than 24 months. It’s unclear how extensively the company’s engineers will be able to test the pathfinder hardware built on the back of that extensive test program. Nominally, one would expect hundreds or thousands of seconds of additional testing to properly characterize the design and production of a brand-new, optimized engine like Raptor while primarily ensuring that it performs within engineering specifications.
Knowing CEO Elon Musk’s self-admitted tendency to push for impractical deadlines and schedules that often appeared rushed for the sake of rushing, it’s not impossible that the first Raptors could find themselves installed on the Boca Chica-based Starhopper test article after Merlin-esque acceptance testing and nothing more. For M1D and MVac, acceptance testing usually takes the shape of a full-duration burn with throttle and gimbal activity to closely simulate a true Falcon 9 or Heavy launch. For the 200-ton Raptor now in Texas, comparable acceptance testing could take a variety of forms, ranging from short Starhopper-relevant burns (10-60 seconds for small hops) to simulating conditions during a Super Heavy launch and landing or even a 6 or 7-minute orbital insertion burn indicative of the performance needed for Starship.
Depending on the interplay between the route SpaceX engineers would likely prefer and the Starhopper test schedule executives and managers might want, this first Raptor engine (and two more soon to follow) could be installed on Starhopper anywhere from a few weeks to several months from now. Elon Musk indicated in early January that he expected hop tests would occur 4-8 weeks later, shortly followed by unplanned damage to the craft’s nose cone that pushed the debut back “a few weeks”.
Aiming for 4 weeks, which probably means 8 weeks, due to unforeseen issues
— Elon Musk (@elonmusk) January 5, 2019
I just heard. 50 mph winds broke the mooring blocks late last night & fairing was blown over. Will take a few weeks to repair.
— Elon Musk (@elonmusk) January 23, 2019
Realistically, hop tests should thus be expected to begin no earlier than (NET) 8-12 weeks from the first week of January, translating to NET March or April. This would give SpaceX propulsion engineers a decent amount of time to gain at least a few hundred (or maybe 1000+) seconds of experience operating the newest and most advanced iteration of Raptor.
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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
