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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
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
In early 2026, Tesla made a bold strategic pivot: it largely eliminated the option to purchase Full Self-Driving (FSD) software outright and shifted to a subscription-only model. The change, effective around mid-February, ended the one-time fee that had previously ranged as high as $15,000 and later dropped to $8,000. Instead, customers would access FSD (Supervised) for $99 per month in the U.S.
At the time, skeptics questioned whether locking customers into recurring payments would hurt adoption or alienate buyers who preferred ownership of the feature. Tesla bet that a lower barrier to entry, seamless integration at purchase, and the ability to cancel at any time would drive higher uptake.
The results from Q2 2026 speak for themselves: the decision has been a resounding success, delivering the largest quarterly growth in FSD subscriptions in the company’s history.
Tesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026.
Tesla added more FSD subscribers in Q2 than in any quarter in its history. pic.twitter.com/jTciTD2JqW
— Sawyer Merritt (@SawyerMerritt) July 22, 2026
According to Tesla’s Q2 shareholder update, active FSD subscriptions reached 1.48 million globally by the end of June 2026. That represents a 56 percent increase year-over-year and a 15.6 percent jump from the prior quarter. Tesla added roughly 200,000 new subscriptions in the period alone—the biggest single-quarter gain on record.
North America led the charge, with more than 55 percent of new vehicle deliveries including an FSD subscription at the time of purchase, a record attach rate for the region.
Tesla explicitly noted that “more customers [are] opting for subscription at the time of vehicle purchase,” crediting the model shift and prominent placement of the option in the ordering process. Subscriptions now contribute meaningfully to ancillary revenue, helping offset pressure elsewhere in the business.
The financial upside is substantial: At $99 per month, 1.48 million active subscriptions generate approximately $146.5 million in monthly recurring revenue. Over a full year, that equates to roughly $1.76 billion in annualized recurring revenue (ARR) from FSD subscriptions alone, assuming steady retention and no major pricing changes.
These figures represent pure, high-margin software revenue. Unlike vehicle sales, which carry production costs, warranty obligations, and supply-chain risks, FSD subscriptions flow largely to the bottom line once the software is developed and deployed over-the-air.
Tesla does not break out exact FSD subscription revenue in its filings (it sits within “Services and Other”), but the category grew 50 percent year-over-year in Q2, with executives highlighting subscriptions as a key driver.
The subscription model offers several structural advantages. It lowers the upfront cost of a new Tesla, potentially broadening the buyer pool and supporting vehicle demand, especially important amid fluctuating EV market conditions. It creates a predictable revenue stream that compounds as the fleet grows and more owners try (and stick with) the software.
Legacy one-time purchasers still exist, but new growth is overwhelmingly subscription-based following the February cutoff.
Early data also suggests improving retention and satisfaction, as well. Tesla has rolled out iterative FSD updates, including v14 features, and expanded availability to additional markets. Recent regulatory approvals in parts of Europe have further boosted interest, with owners in newly enabled countries eager to activate the software they had been waiting for.
FSD is still supervised; regulatory hurdles for true unsupervised autonomy persist in many regions, including the United States, and competition in advanced driver-assistance systems is intensifying. Yet the Q2 numbers validate Tesla’s bet: by removing the large upfront commitment and making FSD accessible via subscription, the company has accelerated adoption faster than many anticipated.
What began as a controversial switch-up has become a clear win. With nearly 1.5 million subscribers, record attach rates, and nearly $1.8 billion in potential annual recurring revenue already in view, Tesla’s FSD business is transitioning from a promised future to a tangible, fast-growing profit engine.
If the momentum continues, and especially if unsupervised capabilities unlock robotaxi opportunities, the subscription flywheel could become one of the most valuable assets in Tesla’s portfolio.
Elon Musk claps back at France’s Tesla Full Self-Driving approval delay
Google’s massive stake in SpaceX will shock you
