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SpaceX’s Elon Musk and his plans to send 1 million people to Mars
Elon Musk has big plans for Mars and it’s no secret that the SpaceX founder and CEO envisions a future where humans inhabit more than one planet, but how do we get there?
In a series of tweets, Musk outlined a plan to build a city on Mars by 2050, and fill it with 1 million people.
That may seem a bit outlandish but here’s how it would work.
SpaceX operates a fleet of Falcon 9 rockets that routinely launch and land, depositing satellites, cargo and soon people into space. However, in order to reach Mars, Musk and SpaceX need an even larger, more powerful rocket. That’s where Starship comes in.
In stark contrast to the classic black-and-white paint scheme of the Falcon family of rockets, Starship sports a shiny, stainless steel skin that gives off a futuristic vibe. And in true SpaceX fashion, the 387-foot ship will be reusable.
Starship, which is currently in development for future deep-space travel, will be able to ferry as many as 100 passengers beyond low-Earth orbit. The way to achieving that goal is by reducing the cost of spaceflight. He would like for anyone who wants to go to Mars, to be able to.
“Needs to be such that anyone can go if they want, with loans available for those who don’t have money,” Musk wrote.
To that end, Musk said he wants to build a fleet of at least 1,000 Starships—and launch at least three of them every day.
The Starship system is the latest in SpaceX’s troupe of increasingly larger rockets. In 2018, the California-based aerospace company launched and landed its Falcon Heavy rocket for the first time, generating 5 million pounds of thrust from the rocket’s 27 engines. But even that’s not powerful enough for Mars-based missions.
“Megatons per year to orbit are needed for life to become multi-planetary,” Musk tweeted on Thursday.
To date, the heaviest payload to successfully land on Mars was the Curiosity rover, which touched down on the red planet in 2012. That rover weighed in at 1 metric ton (2,200 lbs.). Much heavier payloads will be required if a city is to build on Mars. NASA, SpaceX and others around the world are currently working on ways to land even larger payloads.
Starship is one method currently in development. Combined with its Super Heavy booster would be powered by 41 next-generation Raptor engines, making it the most powerful launch system ever created—even more powerful than the Saturn V moon rocket. Each launch would pack enough thrust to send more than 100 tons (equivalent to seven fully loaded school buses’ worth of mass) and 100 people into orbit at a time.
But the ship would also be able to navigate the tenuous Martian atmosphere and land safely on the red planet’s surface.
Musk estimates that a fleet of 1,000 Starships, able to tote 100 megatons of stuff to Mars, would be required to build a permanent settlement. That fleet could transport about 100 passengers each, totaling 100,000 people per year.
Musk said a lot of work still needs to be done, especially in regards to propellant production. The Raptor engines Musk plans on using are powered by methane (as opposed to the Kerosene and liquid oxygen that power SpaceX’s Falcon series).
Mars has a generous supply of methane, which Musk hopes could be used to establish refueling depots on the red planet.
There’s a lot of work to do if humanity is to reach Mars. SpaceX is currently working around the clock to build its next prototype of the Starship spacecraft. (The previous mockup exploded during testing, but did prove that the craft could get off the ground.)
If all goes well with this iteration, we may see a Starship prototype fly again soon.
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.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
