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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.
Lucid CEO Silvio Napoli responded to rumors of an imminent bankruptcy that was reportedly being mulled after a report stated the automaker was working with the firm AlixPartners to iron out its next steps.
The company felt a massive loss on Wall Street yesterday, as the report essentially pushed the stock down as much as 55 percent on Tuesday.
The report, published initially by Eletric-Vehicles.com, claimed Lucid was essentially in dire straits and was told by AlixPartners, a commonly used restructuring advisor, to either take shares private or file for Chapter 11 bankruptcy protection.
Lucid’s head of Communications, Nick Twork, immediately challenged the report and stated the company “has sufficient liquidity to carry its operations well into next year.”
Now, the company’s CEO is chiming in as well, stating that the report is “so far from the facts that they require a direct response.”
Napoli said:
“Lucid is not considering bankruptcy or a transaction to take the company private. Those reports are false. The Board did not explore either scenario. Period.
As disclosed in our most recent quarterly filing, Lucid has sufficient liquidity to fund its operations well into next year.
We work with outside advisors to improve operational performance and execution. They are not advising Lucid on a take-private transaction or bankruptcy, and any suggestion that they have recommended either course of action to management or the Board is false.
My priority is clear: turn this company around. That is where the leadership team and I are focused.
I look forward to providing a full update during our quarterly earnings call on August 4th.”
🚨 Lucid CEO Silvio Napoli calls rumors of financial issues “so far from the facts that they require a direct response.”
Read his full remarks here: https://t.co/t3Pg1NHvzy pic.twitter.com/LvHUPhO4Qf
— TESLARATI (@Teslarati) July 15, 2026
It seems pretty clear that Lucid is confident things will be okay, and, to be honest, they should not have much to worry about, especially considering the company has been backed by the Saudi Public Investment Fund (PIF) for years. It has solid financial backing, and its sales, while weak, are pretty much right on par with a company of this age.
Lucid also sent a Cease & Desist letter to the publication for their report.
Lucid shares have rebounded nicely and are up nearly 21 percent at the time of publication. As soon as the company dispelled the rumors of bankruptcy yesterday, the stock began to climb back toward more reasonable levels.
Tesla has once again demonstrated strong customer focus by swiftly addressing and fully refunding a bizarre Supercharger pricing glitch that affected drivers in Atlantic Canada.
The issue surfaced earlier this month when the Tesla app began displaying dramatically inflated per-minute charging rates at stations in Prince Edward Island and parts of New Brunswick.
One widely shared screenshot from a Charlottetown, PEI Supercharger showed rates reaching ridiculous levels: $6.00 per minute for the 180-250 kW tier, along with $3.57/min for 100-180 kW and $2.29/min for 60-100 kW.
Correct pricing will be going live at midnight tonight. All fees since July 2nd 2026 will be waived.
— Tesla Charging (@TeslaCharging) July 13, 2026
These figures were several times higher than normal Supercharger pricing in the region.
To put the error in perspective, charging at the highest incorrect rate would have been shockingly expensive.
At 250 kW, a common charging speed at Superchargers, a vehicle pulls roughly 4.17 kWh per minute. Under the glitch, a driver spending just 10 minutes at peak power would face a $60 bill. A typical 20- to 30-minute session to add meaningful range could have cost $120 to $180 or more, before any congestion fees.
Tesla gets another layer of gamification with Free Supercharging on the line
By comparison, standard Canadian Supercharger rates usually fall between $0.25 and $0.60 per kWh, making a similar session cost roughly $15–$40. The erroneous per-minute structure, combined with the inflated numbers, turned what should be a convenient stop into a potential financial shock.
The glitch appears to have started sometime around early July, and quickly drew attention on social media as owners questioned whether Tesla had implemented steep hidden increases. Some drivers even reported seeing $0 charges in their history, indicating broader billing confusion.
Tesla’s official Charging account on X stated that correct pricing would roll out at midnight on July 13, so the fix is already in effect. More importantly, the company announced it would waive all fees for every Supercharger session since July 2. This blanket waiver covers the entire affected period without requiring users to file individual claims, with automated refunds expected soon. The decision affects stations in PEI and nearby areas in New Brunswick and Nova Scotia.
It’s a classy move, and rather than issuing partial credits or forcing owners to submit support tickets, Tesla simply absorbed the cost of the system error and made drivers whole. In an industry where hidden fees and bill disputes are common, Tesla’s proactive, no-questions-asked approach reinforces owner trust and highlights the company’s commitment to service excellence.
The incident, while disruptive for a short time, ultimately showcases Tesla’s ability to own mistakes and prioritize customer satisfaction. Atlantic Canada Tesla owners can now charge with confidence again, knowing the company has their back when technology glitches occur.
In an era of complex EV billing, such transparency and generosity are refreshing and set a positive example for the industry.
SpaceX’s Starlink has launched its latest residential hardware kit: the V5. Designed for reliable high-speed internet, the new terminal represents a significant leap forward in user equipment.
The next generation Starlink Kit is designed to deliver reliable, high-speed home internet. Starlink V5 has a smaller form factor and lightweight design with greater power efficiency than the Starlink V4.
With speeds up to 375+ Mbps, Starlink V5 delivers seamless connectivity… pic.twitter.com/0dorU6n0oD
— Starlink (@Starlink) July 14, 2026
The new V5 Starlink kit features a dramatically smaller and lighter form factor, measuring approximately 384 mm x 306 mm x 34 mm and weighing just 1.1 kg, which is less than half the weight of the previous V4 model, which was 2.9 kg.
This compact design makes installation easier and more versatile, whether mounted on a roof, pole, or even integrated with a pipe adapter. An integrated LED light aids setup in low-light conditions.
Power efficiency sees major gains too. The V5 draws only 35-50W, reducing energy consumption and making it ideal for off-grid or solar-powered setups. Despite its smaller size, performance remains robust. Starlink claims peak speeds of 375+ Mbps, supported by a new Wi-Fi 6 Router Mini that covers up to 2,200 square feet and connects up to 235 devices simultaneously.
The kit maintains strong signal reliability in diverse environments, from urban rooftops to remote rural areas, as demonstrated in the promo footage released by SpaceX, showing seamless operation under cloudy skies.
These improvements expand suitable applications considerably. Households can enjoy lag-free 4K streaming, smooth video conferencing, online gaming, and smart home device management without interruption. The V5’s efficiency and portability also benefit RVs, small businesses, and temporary installations in disaster-recovery zones where quick deployment is critical. Its lightweight build lowers shipping costs and simplifies user handling compared to bulkier predecessors.
Starlink’s Broader Impact on Global Internet Connectivity
Since SpaceX began launching Starlink satellites in 2019, the constellation has grown rapidly. By mid-2026, over 10,400 satellites orbit Earth, with thousands more deployed annually. This massive low-Earth-orbit network delivers broadband to approximately 160 countries and territories, reaching millions of users who previously lacked reliable internet access.
Starlink plays a vital role in bridging the digital divide. It provides essential connectivity to remote communities, maritime vessels, airlines, and regions affected by natural disasters or infrastructure gaps. By combining advanced satellite technology with iterative hardware upgrades like the V5 kit, SpaceX continues to push the boundaries of global internet access, fostering education, economic opportunity, and emergency response capabilities worldwide.
As production ramps up, the V5 promises to make high-performance internet even more accessible to users everywhere.
Elon Musk’s Texas ranch to showcase the lifelong work that changed the world
Lucid CEO dispels any rumors of bankruptcy: ‘So far from the facts’
