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SpaceX CEO Elon Musk says “overdue” Starship update is coming soon
CEO Elon Musk says he may finally present the first cohesive update on SpaceX’s next-generation Starship rocket development program in more than two years.
While Musk routinely makes Starship-focused appearances and comments in public or by webcast every 3-6 months, there is a certain brand of update – along the lines of a high-profile tech product reveal – that the SpaceX CEO has only presented four times since Starship’s predecessor was first revealed in September 2016. Accompanied by a relatively detailed slide deck, the four main updates he’s given have provided a large amount of background on the status of Starship development and a variety of next steps – ranging from near-term plans to targets still a decade or more in the future.
Musk has not provided an explicit Starship update in 2020 or 2021. Generally speaking, in the more minor events he’s semi-regularly attended over the last two years, the SpaceX CEO will give a brief overview (sometimes clearly prepared; sometimes not) to a miscellaneous audience that usually isn’t the most familiar with Starship, usually resulting in a great deal of tried and true broad-strokes talking points with a few new details mixed in. Finally, the audience – while undoubtedly well-meaning – asks a number of questions, the vast majority of which have already been asked and answered or could be with Google and a few minutes of basic research.
As with Musk’s (un)prepared remarks, there are usually a few gems of new information left to be found in the rough. The end result: the only true Starship updates are those organized by SpaceX itself with an informed audience and a thoroughly prepared presentation and talking points.
Put a slightly different way, SpaceX has yet to provide a 2016-2019-style Starship presentation since the company actually began building and testing prototypes that approach the final orbital-class ship and booster designs. In those two years, SpaceX has made a truly surreal amount of progress, more or less completing a new prototype every month and flying one of those prototypes every 3-4 months. Most recently, SpaceX completed and static fired a Super Heavy booster prototype, completed and repeatedly static fired the first orbital-class Starship prototype, finished two more Super Heavy boosters, and is on the verge of preparing one of those boosters for the first thorough Super Heavy qualification testing.
If things move in SpaceX’s favor, the Federal Aviation Administration (FAA) could complete an environmental assessment later this month and approve a license for the first one or several orbital Starship launch attempts in early 2022. SpaceX has already begun rapidly building two more orbital-class Starship prototypes and will soon have as many as three ships and two boosters ready for proof testing and an imminent series of orbital test flights. After four successful static fires, one of which fired up all six Raptor engines for the first time, Starship S20 is effectively ready for flight whenever Super Heavy Booster 4 (B4) follows suit.
In short, there are a nearly limitless number of activities and plans that Musk could shed a great deal of light on in an official update presentation. Per Musk, the CEO wants to provide that update as early as December 2021 but no later than January 2022. It’s hard to say if he will actually follow through: more than a year ago, Musk promised a Starship update in October 2020, and that’s not the only time in the last two years that the CEO has stated that he’d present a new update soon. It’s possible that Musk is waiting on a specific Starbase hardware milestone before presenting his long-awaited update – perhaps the completion of Super Heavy B4 qualification testing or the next full-stack milestone, in which Starship S20 (now proofed and ready for flight) will be installed on top of the booster for the second time.
President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.
The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.
Trump stated:
“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”
He added:
“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”
🚨 President Trump confirmed today that the new Air Force One is equipped with Starlink:
“We have communication equipment up there that nobody’s ever seen before, it’s the highest level and including Starlink…my friend Elon is going to be very happy.” pic.twitter.com/IhkDmtr5hL
— TESLARATI (@Teslarati) June 20, 2026
The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.
Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.
The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.
President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
President Trump touts new Air Force One with Musk technology
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
