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SpaceX CEO Elon Musk updates schedule for first orbital Starship launch
SpaceX CEO Elon Musk has presented the first significant update on the company’s Starship program since September 2019, offering a couple of new details about the status of the first orbital launch attempt of the largest and most powerful rocket ever built.
Unfortunately, above all else, the promised update was primarily a rehash of the broad-strokes vision of SpaceX’s Starship and Mars programs, as well as some basic details – most already known – about the rocket, its Raptor engines, and how it will be operated. Nonetheless, a large portion of the event was dedicated to audience questions, some of which actually extracted some specific details from the SpaceX CEO. Perhaps the single most important news: a rough but updated schedule for Starship’s first orbital test flight.
To be clear, a great many questions remain unanswered. Months after Starbase’s first orbital tank farm reached some degree of completion, SpaceX has yet to fill four main liquid methane (LCH4) tanks with even an ounce of fuel. Over the same period, the farm’s five liquid oxygen and nitrogen (LOx/LN2) tanks have been filled with thousands of tons of propellant and coolant. Why is still entirely unclear, save for speculation that SpaceX ran afoul of rudimentary methane storage regulations and is ever so slowly rectifying those errors with modifications. Without so much as a partially operational tank farm, SpaceX will be unable to attempt an orbital Starship launch, let alone start the process of qualifying a Super Heavy booster for flight with wet dress rehearsals (WDRs) and static fire tests.
Musk also failed to confirm or offer an educated guess as to which Starship and Super Heavy booster will support the first orbital test flight (OTF), whether the first OTF will truly reach orbit (rather than ‘just’ orbital velocity), and what will happen to Ship 20 and Booster 4 if – as a great deal of speculation suggests – they’ve fallen out of favor. If they’re to be replaced, it’s also unclear why that is or how long it might take to qualify a new ship and booster given that Super Heavy B4, for example, has yet to attempt a single static fire test a full six months after it first reached its full height.
Nonetheless, largely thanks to questions asked by members of the media, Musk did offer some valuable insight into Starship’s first orbital-class test flight. The SpaceX CEO says that he believes the Federal Aviation Administration (FAA) could complete an environmental assessment of Starbase as early as March. In the same presentation, Musk stated that SpaceX would “hopefully [complete environmental reviews] a couple months.” A lack of environmental approval has been the single most important bottleneck of orbital Starbase launch operations for months. The FAA originally anticipated that those reviews would be complete by the end of 2021 but recently delayed the estimated date of completion to the end of February 2022. Another delay from February to March (or later) has been expected for weeks.
It’s unclear how seamless the whole process will be but SpaceX will also need to receive an FAA license for orbital Starship launches after clearing environmental reviews. That could take days, weeks, months, or even a year or more. If SpaceX doesn’t receive a Finding Of No Significant Impact (FONSI) on its Starbase environmental assessment (EA) and instead has to complete a far more extensive Environmental Impact Statement (EIS), Starbase could be stuck in bureaucratic gridlock well into 2023 or even 2024.
Thankfully, Musk is extremely confident in SpaceX’s alternatives. In the event that Starbase becomes indefinitely unusable, SpaceX has already received full environmental approval to launch Starship out of Kennedy Space Center Pad 39A. The company has already begun the process of assembling a Starship launch and catch tower offsite and Musk believes that a Pad 39A Starship launch site could be brought online in just 6-8 months if SpaceX refocuses all of its Starship resources onto Florida.
The CEO also says that SpaceX’s goal is to have the hardware needed for Starship’s first orbital test flight ready to launch around the same as regulatory approval is secured – “hopefully a couple months for both,” in Musk’s words. If Starship S20 and Booster 4 are still assigned to mission, that schedule is not difficult to believe. Starship has already completed virtually all of the ground testing needed to qualify it for flight, while – from the outside – Super Heavy has never looked more ready for static fire testing.
If SpaceX intends to use a different ship and booster, though, the company will have to cut the amount of time needed for final assembly and qualification testing by a factor of two or three relative to B4/S20. If the next ship and booster pair takes a similar amount of time as B4/S20, the hardware needed for Starship’s first orbital launch attempt might not be ready until August or September 2022. SpaceX will also need to build, test, qualify, and ship around three-dozen Raptor 2 engines, the production of which could singlehandedly take at least six or seven weeks at the current pace of production.
Ultimately, no matter where the cards currently in the air end up falling, it looks like SpaceX has an extremely busy – and hopefully fruitful – year of Starship development and testing ahead of it
Ferrari’s first electric vehicle, the Luce, is fully sold out for 2027, according to CEO Benedetto Vigna.
Presenting third-quarter results, he stated: “Everything we plan to sell next year is already fully allocated. Client test drives, scheduled for next year, will help further boost demand. We have no critical issues, neither on manufacturing nor on the demand side. Obviously, the car is more complex because it has many new parts and many new technologies.”
First customer deliveries are expected before the end of 2026, with the model already commanding waitlists despite a turbulent debut.
The Luce is a five-seat, four-door liftback saloon—the longest Ferrari ever produced—powered by four electric motors producing approximately 1,035 horsepower.
It features an 800-volt architecture, a 122-kWh battery, a claimed WLTP range of around 329 miles, 0-62 mph acceleration in 2.5 seconds, and a starting price near €550,000 in Europe (roughly $560,800–$615,000 in the U.S. depending on configuration).
Developed in collaboration with Jony Ive and Marc Newson’s LoveFrom studio alongside Ferrari’s own Centro Stile, it represents a deliberate departure from the brand’s traditional mid-engine sports cars toward a more spacious, grand-touring format.
Its exterior has proven deeply polarizing. Unveiled in Rome in May 2026, the design features smooth, sweeping surfaces, a large glass roof, and restrained detailing that critics described as bland, generic, or more reminiscent of an Apple product or mass-market EV than a Ferrari.
Ferrari unveils its Luce EV, and its reception has been a disaster
Online reactions included memes comparing it to a Nissan Leaf or Polestar, while former Ferrari chairman Luca di Montezemolo publicly warned of “the destruction of a myth” and suggested the prancing horse logo be removed. Italian politicians and longtime owners joined the chorus of disappointment, and Ferrari’s shares dropped roughly 8% in a single day, erasing billions in market value.
Design experts noted the absence of the brand’s signature tension, aggression, and emotional drama.
Yet the controversy has not translated into weak demand among the ultra-wealthy clientele who actually buy Ferraris. Production volumes remain tightly limited, as reports suggest fewer than 500 units in the current year and a longer-term pace of roughly 600 annually through 2030, preserving exclusivity.
One early chassis sold for $40 million at auction. Vigna has indicated that seeing the car in person, along with upcoming client test drives, is expected to strengthen rather than weaken interest. Ferrari aims for fully electric models to comprise 20 percent of its lineup by 2030, with a second EV now delayed to 2028.
For a brand defined by scarcity and desirability, the Luce’s sell-out status suggests that among those who can afford it, the polarizing design has not proven to be a commercial liability.
Tesla and SpaceX shares fell on Wednesday after Democrats swept both chambers of Congress. The decline stood out as broader market securities recovered and turned positive, while both of Musk’s publicly traded companies lagged.
CEO Elon Musk already joked about the unsuccessful campaigning for the Republicans, but now the new party will make pretty drastic changes to how it handles Tesla and SpaceX, and those companies will adjust their outlook.
Let’s take a deeper look.
Tesla ($TSLA)
Tesla shares traded lower during the regular session after Democrats secured both the House and Senate. The stock was down 2.32 percent at around 1:45 p.m. on the East Coast, trading at around $389.30.
The pressure is tied to more than the raw scale of Musk’s political spending, estimated at $450–474 million this cycle with roughly $224 million directed at Texas. In that state, Tesla now faces a Democratic governor and a Democratic senator after Gina Hinojosa unseated Greg Abbott and James Talarico defeated Ken Paxton.
The Austin Gigafactory, Robotaxi pilot programs in multiple Texas cities, and any related AI compute expansion sit under a new state executive who campaigned against certain corporate subsidies and floated a moratorium on new data-center construction.
Federally, Democratic control of key committees opens the door to deeper examination of Tesla’s autonomous-driving safety record, federal energy-storage and manufacturing incentives, and the national-security implications of any combination with SpaceX.
Investors are also weighing whether the company’s historically close alignment with the prior Republican leadership will invite slower permitting, additional hearings, or tighter rules on Full Self-Driving deployment.
For Tesla, the political shift adds near-term friction around state permitting and federal regulatory approvals for autonomy and energy storage. A potential merger with SpaceX may face slower review even if it proceeds.
Core growth drivers such as vehicle deliveries, energy deployments, and robotaxi rollout remain intact, yet the stock now carries a higher political-risk premium that could weigh on valuation until the company demonstrates workable relationships with the new Texas leadership and congressional majorities.
SpaceX ($SPCX)
SpaceX shares also declined in live trading on November 4 following the Democratic midterm sweep. The stock traded at $134.97, down 4.49 percent. The drop occurred even as broader indexes stabilized, highlighting a company-specific reaction to the election outcome.
Musk’s large contributions, concentrated in Texas races that both companies lost, place SpaceX’s Starbase launch facility and headquarters under a new Democratic governor.
At the federal level, Democratic control of Congress enables greater scrutiny of NASA, the Department of Defense, and other contracts that support a meaningful share of revenue, along with reviews of Starlink national-security uses and any Tesla merger. Analysts have noted that empowered committees can hold hearings and request documents on these relationships.
For SpaceX, the results raise the risk of delayed contract awards, higher compliance costs, and tighter constraints on AI and satellite infrastructure expansion, particularly in Texas where a data-center moratorium has been discussed.
A merger with Tesla could encounter political friction that slows integration of launch, connectivity, and autonomy capabilities.
While Starlink growth and launch cadence continue as primary drivers, the company faces a more contested path for federal funding and state-level operations, requiring management to rebuild ties with the new congressional majorities and Texas leadership to limit the overhang.
Tesla’s new vehicle registrations in Germany rose sharply in October, nearly quadrupling from the same month a year earlier. That’s according to data from the KBA, Germany’s federal motor transport authority.
The KBA reported 2,932 Tesla vehicles registered in October, a 290.9 percent year-over-year- increase. For the first ten months of the year, Tesla’s cumulative registrations reached 47,742 units. This number is up 206.1 percent compared with the January-October period of 2025. These gains occurred against a backdrop of strong overall growth in the BEV sector as a whole.
Germany registered 94,086 new BEVs in October, a 79.5 percent rise that brought the BEV share of the passenger car market to 37 percent of the 254,492 total cars registered that month.
🇩🇪 Tesla’s new registrations in Germany nearly quadrupled in October, according to KBA data.
October: 2,932 units, +290.9% YoY Jan–Oct: 47,742 units, +206.1%
Germany’s overall BEV market grew 79.5% to 94,086 units last month. https://t.co/GMwNqsFAOC
— TESLARATI (@Teslarati) November 4, 2026
Despite the percentage surge, Tesla’s absolute numbers left it with a 1.2 percent share of all new car registrations for October. Chinese competitors did record higher volumes, as BYD registered 5,173 vehicles, a 2 percent share, Leapmotor with 3,661 cars, which equates to 1.4 percent, and Xpeng had a 0.5 percent share.
Year-to-date through October, BYD edged ahead of Tesla with 47,961 registrations versus Tesla’s 47,742.
The October results follow a notably strong September for Tesla in Germany, when it registered 12,552 vehicles, an increase of roughly 269 percent year-over-year and one of its strongest monthly totals on record in the country. That month, the Model Y led all EVs and ranked among the top-selling vehicles of any powertrain.
The figures form part of a broader recovery in Tesla’s European registrations after an extended period of softer demand. While monthly volumes remain subject to typical quarter-end patterns and competitive pressure from both established European brands and rapidly expanding Chinese manufacturers, the year-to-date growth indicates improved traction in Europe’s largest car market.
Tesla’s Gigafactory Berlin-Brandenburg continues to supply the region, positioning the company to capture a share of the expanding German BEV market as overall EV adoptions looks to be accelerating.
Ferrari Luce sold out for 2027 after design controversy
Musk’s Tesla and SpaceX decline after Democratic Midterm sweep
