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SpaceX CEO Elon Musk promises long-awaited Starship update next week
While running behind schedule in classic fashion, SpaceX CEO Elon Musk says he’ll present the first big Starship program update in two and a half years on Thursday, February 10th.
Additionally, as an apparent centerpiece for the event and update, Musk says that SpaceX will perform the second-ever “full stack” fit test with a Starship upper stage and Super Heavy booster.
Starship S20 and Super Heavy booster B4 were stacked for the first time in early August 2021, when both stages were still weeks or even months away from some degree of completion. Only months later did Starship S20 kick off a multi-month period of qualification tests, eventually becoming the first Starship prototype to successfully test a full six Raptor engines at once. Super Heavy B4, on the other hand, had an even more painful time for unknown reasons and only graduated to basic cryogenic proof testing in mid-December – more than four months later.
While the booster has had a full 29 Raptor 1 engines installed for months, the booster has yet to perform or attempt a single static fire of any number of those engines and hasn’t even managed a basic wet dress rehearsal with real liquid oxygen and methane propellant. Eventually, SpaceX did perform a handful of Booster 4 Raptor ignition tests, but those were almost more of a test of the launch pad than Super Heavy itself. The slow and minimal progress SpaceX has made testing Super Heavy B4 may actually be because of issues with orbital launch pad’s tank farm design. To this day, while the oxygen and nitrogen half of the farm are already storing thousands of tons of propellant and coolant, the fuel side of the same farm has yet to be filled with any methane. That makes thoroughly testing a Super Heavy booster much harder, though there are some obvious workarounds SpaceX could have made if it had really wanted to start proof testing Booster 4 as soon as possible.
In fact, it’s no longer clear if Ship 20 and Booster 4 will actually get to fulfill their original goal of supporting Starship’s first orbital (velocity) test flight. Nonetheless, they are still two giant, nearly completed stages that together form a full Starship ‘stack.’
Heading into 2022, SpaceX appears to be more focused on testing a somewhat extraneous part of the first orbital Starship launch site – “chopstick” arms installed on the launch tower. SpaceX’s current Starship ‘launch tower’ design centers around the need for three giant swinging arms – one to fuel and power Starship and the other two to lift, stack, and – maybe one day – catch Super Heavy boosters and ships. Had SpaceX stayed true to the original Starship/BFR/ITS design, the booster would have been fueled through the launch mount and Starship would have been fueled through a connection with the booster, significantly simplifying the tower.
In theory, replacing that design with a complex, building-sized umbilical arm might ultimately improve Starship’s nominal payload to orbit by a few percent. Additionally, using the even more complex “chopsticks” – a pair of giant arms – to lift and stack Super Heavy and Starship may actually be a smart design, as it could theoretically free SpaceX from the painful operational constraints imposed by large cranes.
By all appearances, that’s exactly what SpaceX plans to test next week. Starship S20 has already been moved adjacent to the launch tower and Super Heavy B4 has been attached to a crane (somewhat ironically) in preparation for its own move to the tower. For the first time, SpaceX might use the tower arms to lift Super Heavy onto the orbital launch mount, stabilize the booster, and then lift and stack Starship on top of it – all without a crane, in theory. Of course, insofar as SpaceX performed the first full-stack fit test with a crane, the tower’s lift/catch arms only really become irreplaceable once waiting a few days for safe lift conditions becomes a bottleneck for Starship launch operations.
Nonetheless, a successful stacking operation with those arms would be an impressive technical feat and demonstrate one of the things needed for all-weather Starship launch operations, even if it won’t leave SpaceX any closer to orbital test flights than it was before.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
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.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
