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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.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
