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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.
Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Elon Musk
Starlink terminals smuggled into Iran amid protest crackdown: report
Roughly 6,000 units were delivered following January’s unrest.
The United States quietly moved thousands of Starlink terminals into Iran after authorities imposed internet shutdowns as part of its crackdown on protests, as per information shared by U.S. officials to The Wall Street Journal.
Roughly 6,000 units were delivered following January’s unrest, marking the first known instance of Washington directly supplying the satellite systems inside the country.
Iran’s government significantly restricted online access as demonstrations spread across the country earlier this year. In response, the U.S. purchased nearly 7,000 Starlink terminals in recent months, with most acquisitions occurring in January. Officials stated that funding was reallocated from other internet access initiatives to support the satellite deployment.
President Donald Trump was aware of the effort, though it remains unclear whether he personally authorized it. The White House has not issued a comment about the matter publicly.
Possession of a Starlink terminal is illegal under Iranian law and can result in significant prison time. Despite this, the WSJ estimated that tens of thousands of residents still rely on the satellite service to bypass state controls. Authorities have reportedly conducted inspections of private homes and rooftops to locate unauthorized equipment.
Earlier this year, Trump and Elon Musk discussed maintaining Starlink access for Iranians during the unrest. Tehran has repeatedly accused Washington of encouraging dissent, though U.S. officials have mostly denied the allegations.
The decision to prioritize Starlink sparked internal debate within U.S. agencies. Some officials argued that shifting resources away from Virtual Private Networks (VPNs) could weaken broader internet access efforts. VPNs had previously played a major role in keeping Iranians connected during earlier protest waves, though VPNs are not effective when the actual internet gets cut.
According to State Department figures, about 30 million Iranians used U.S.-funded VPN services during demonstrations in 2022. During a near-total blackout in June 2025, roughly one-fifth of users were still able to access limited connectivity through VPN tools.
Critics have argued that satellite access without VPN protection may expose users to geolocation risks. After funds were redirected to acquire Starlink equipment, support reportedly lapsed for two of five VPN providers operating in Iran.
A State Department official has stated that the U.S. continues to back multiple technologies, including VPNs alongside Starlink, to sustain people’s internet access amidst the government’s shutdowns.
Musk bankers looking to trim xAI debt after SpaceX merger: report
SpaceX launches Crew-12 on Falcon 9, lands first booster at new LZ-40 pad
