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SpaceX CEO Elon Musk to present first Starship update since 2019 [webcast]
Barring surprises, SpaceX CEO Elon Musk remains on track to present the first major update on Starship’s development since September 2019 – almost two and a half years ago.
While it’s no longer clear that SpaceX will be able to stack Starship on top of Super Heavy in time for the fully-stacked rocket to serve as an imposing backdrop for the media event, Musk seemingly remains on track to update the world on the status of Starship development as early as 8pm CT (6pm PT, 9pm ET) on Thursday, February 10th (02:00 UTC 11 Feb). Assuming the event is similar to the SpaceX CEO’s first four major Starship presentations, it will be broadcast live to the world on the company’s YouTube channel.
Musk first revealed SpaceX’s detailed plans for a massive, fully-reusable Mars rocket in September 2016. At that point, the rocket – known as the Interplanetary Transport System (ITS) – was to be 12 meters (39 ft) in diameter, 122 meters (400 ft) tall, and made almost entirely out of carbon-fiber composites. In theory, it would have been able to launch up to 300 tons (660,000 lb) to low Earth orbit (LEO) – twice the payload of Saturn V, the next most capable rocket.
In 2017, SpaceX slightly pared back its ambition with a vehicle known as BFR, measuring 9m wide and 106m tall with about a third fewer Raptor engines and estimated performance of ~130 tons (285,000 lb) to LEO. In 2018, on top of announcing Japanese billionaire Yusaku Maezawa’s circumlunar DearMoon mission and BFR’s first real launch contract, SpaceX updated BFR’s design, stretching the booster 12 meters for a total height of 118m (390 ft) and hedging its performance figures with an estimate of 100 tons to LEO in a fully-reusable configuration.
Around the same time as Musk’s 2018 BFR presentation, though, the SpaceX CEO made the decision to entirely scrap the rocket’s composites-heavy design, renaming the rocket ‘Starship’ and replacing the material with stainless steel – effectively reverting structures development to the drawing board. The principles of the rocket, its general shape and layout, and the Raptor engine powering it remained the same. Thanks to steel’s extreme affordability relative to cutting-edge composites, SpaceX was able to make rapid progress and ultimately flew Starhopper – a steel water-tower-esque rocket powered by Raptor – less than a year later in July and August 2019.
Less than a year after Starhopper’s 150m (~500 ft) hop, SpaceX successfully hopped a far more mature Starship prototype known as SN5, which relied on far thinner steel and effectively amounted to a full prototype of the tank section of an orbital-class ship. Just a month later, in September 2020, SpaceX repeated the feat with an entirely different Starship prototype, demonstrating repeatability both in production and flight. Three months later, Starship SN8 – featuring flaps, a nosecone, header tanks, and two more Raptor engines – nearly aced its launch debut. In May 2021, after three more failed test flights, Starship SN15 stuck the landing and survived a 10 km launch, more or less fully demonstrating the rocket’s exotic skydiver-style descent and last-second flip for a vertical landing.
Visible progress has slowed and flight testing has halted since SpaceX began pushing for the first orbital Starship test flight in mid-2021. The company decided against reusing Starship SN15 and also chose not to attempt to replicate the ship’s successful landing with Starship SN16, which was ready for testing a matter of days after. Instead, SpaceX has focused on constructing the orbital launch site and slowly finished Starship S20 and Super Heavy B4 – a pair once expected to support the first orbital test flight. While slow compared to all previous Starship prototypes, Ship 20 has nonetheless made excellent progress and is effectively fully ready for a serious flight test. Booster 4, on the other hand, has barely completed cryogenic proof testing and has yet to perform even a partial wet dress rehearsal (with live propellant) or attempt a single static fire test in last five months.
In short, the status of Starship development – and, especially, Booster 4, Ship 20, and the first orbital test flight – has gotten quite a bit murkier over the last several months. February 9th and 10th marked a welcome change of pace, with SpaceX sailing through the very first attempt at stacking Starship hardware with Starbase’s ‘orbital integration tower’ (launch tower) and a trio of giant, robotic arms. Just a handful of hours after the first ‘arm lift’ began, Starship S20 was safely stacked atop Super Heavy Booster 4, assembling the largest rocket in the world for the second time this year.
With any luck, SpaceX CEO Elon Musk’s first presentation in two and a half years – scheduled no earlier than 8pm CST (02:00 UTC) – will shed further light on the company’s progress towards orbital test flights.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Elon Musk
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
SpaceX CEO Elon Musk has revealed the timeline for the next Starship launch. It will be the first launch using SpaceX’s revamped design for Starship, as its v3 rocket will take its maiden voyage sooner than many might expect.
Musk announced on April 3 on X that the next Starship flight test, and the first flight of the upgraded v3 ship and booster, is 4 to 6 weeks away. The update signals the end of a nearly six-month hiatus since the program’s last launch.
Elon says the first V3 Starship launch will occur in 4-6 weeks
It will be the first Starship launch since Flight 11 on October 13, 2025 https://t.co/QnnYPTdbUu
— TESLARATI (@Teslarati) April 3, 2026
The upcoming mission, designated as Starship’s 12 integrated flight test (IFT-12), marks a significant milestone. It will be the debut of the v3 configuration, featuring a taller Super Heavy Booster and Starship upper stage. The changes SpaceX has made with the v3 rocket and booster are an increased propellant capacity and the more powerful Raptor 3 engines.
Earlier predictions from Musk in March had pointed to an April timeframe, but the latest timeline now targets a launch window in early to mid-May 2026.
The V3 iteration represents a substantial evolution from previous Starship prototypes. Engineers have optimized the design for improved manufacturability, higher thrust, and greater efficiency. Raptor 3 engines deliver significantly more power while reducing weight and production costs compared to earlier variants.
With these enhancements, SpaceX aims to boost payload capacity toward 200 metric tons to low Earth orbit in a fully reusable configuration — a dramatic leap from the roughly 35-ton target of prior versions. Such capabilities are critical for ambitious goals, including NASA’s Artemis lunar missions and eventual crewed flights to Mars.
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
Recent activities have involved static fires, activation of the new Pad 2 at Starbase in Boca Chica, Texas, and integration of Raptor 3 engines.
A prior incident with an early V3 booster on the test stand in late 2025 contributed to the delay, necessitating additional assembly and qualification work.
Musk’s timeline updates have become a hallmark of the Starship program, often described with characteristic optimism.
SpaceX’s Starship V3 is almost ready and it will change space travel forever
While past targets have occasionally shifted by weeks, the rapid iteration pace remains impressive. However, don’t be surprised if this timeline shifts again, as Musk has been overly optimistic in the past with not only launches, but products under his other companies, too.
SpaceX continues to refine launch infrastructure, including new propellant loading systems and tower mechanisms designed to support higher cadence operations. A successful V3 flight could pave the way for more frequent tests, tower catches of both booster and ship, and progression toward operational reusability.
The v3 debut is viewed as a transition point for Starship, moving beyond experimental flights toward a system capable of supporting large-scale deployment of Starlink satellites, lunar landers, and interplanetary transport.
Success on IFT-12 would demonstrate not only the new hardware’s performance but also SpaceX’s ability to recover from setbacks and maintain momentum.
As the 4-to-6-week countdown begins, anticipation builds at Starbase. Teams are finalizing vehicle stacking, conducting final pre-flight checks, and preparing for regulatory approvals. The world will be watching to see if Starship V3 can deliver on its promise of transforming humanity’s access to space.
Elon Musk
SpaceX to launch military missile tracking satellites through new Space Force contract
SpaceX wins a $178.5M Space Force contract to launch missile tracking satellites starting in 2027.
The U.S. Space Force awarded SpaceX a $178.5 million task order on April 1, 2026 to launch missile tracking satellites for the Space Development Agency. The contract, designated SDA-4, covers two Falcon 9 launches beginning in Q3 2027, one from Cape Canaveral Space Force Station in Florida and one from Vandenberg Space Force Base in California. The satellites, built by Sierra Space, are designed to bolster the nation’s ability to detect and track missile threats from orbit.
The award falls under the National Security Space Launch Phase 3 Lane 1 program, which Space Force uses to move payloads to orbit on faster timelines and at more competitive prices. “Our Lane 1 contract affords us the flexibility to deliver satellites for our customers, like SDA, more easily and faster than ever before to all the orbits our satellites need to reach,” said Col. Matt Flahive, SSC’s system program director for Launch Acquisition, in the official press release.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
The SDA-4 contract is the latest in a long string of national security wins for SpaceX. As Teslarati reported last month, the Space Force recently shifted a GPS III satellite launch from ULA’s Vulcan rocket to SpaceX’s Falcon 9 after a significant Vulcan booster anomaly grounded ULA’s military missions indefinitely. That move made it four consecutive GPS III satellites transferred to SpaceX after contracts were originally awarded to its competitor.
This didn’t come without a fight and dates back years. SpaceX originally had to sue the Air Force in 2014 for the right to compete for national security launches, at a time when United Launch Alliance held a near monopoly on the market. Since then, the company has steadily displaced ULA as the dominant provider, and last year the Space Force confirmed SpaceX would handle approximately 60 percent of all Phase 3 launches through 2032, worth close to $6 billion.
With missile defense satellites now part of its launch manifest alongside GPS, communications, and reconnaissance payloads, SpaceX is giving hungry investors something to chew on before its imminent IPO.
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
