SpaceX issued a statement regarding the extensive delays related to Starship’s fifth test flight (IFT-5). The aerospace company also revealed a new potential date for the next flight, which will come in November.
SpaceX has been attempting to bring Starship’s next test flight to fruition for some time now, and CEO Elon Musk said that IFT-5 would take place in early August. He revealed this potential date in early July as SpaceX was working to resolve issues from the fourth test flight.
However, that date came and went. As the company continued to await FAA approval, nothing seemed to move. This has now made SpaceX release a lengthy statement regarding the delays, what caused them, and what could be next.
Ready Since August
SpaceX said both Starship and Super Heavy vehicles have been ready to launch since the first week of August. The next flight will attempt the most ambitious objective in the Starship testing program: return the Super Heavy booster to the launch site and catch it in mid-air.
Each Starship test flight has resulted in subsequent advances in the program. Every flight has accomplished more than the previous, showing tremendous progress and giving credibility to Elon Musk’s goal of having unmanned missions to Mars in just two years.
However, SpaceX says the delays in the Starship program are a culmination of several things:
“It’s understandable that such a unique operation would require additional time to analyze from a licensing perspective. Unfortunately, instead of focusing resources on critical safety analysis and collaborating on rational safeguards to protect both the public and the environment, the licensing process has been repeatedly derailed by issues ranging from the frivolous to the patently absurd. At times, these roadblocks have been driven by false and misleading reporting, built on bad-faith hysterics from online detractors or special interest groups who have presented poorly constructed science as fact.”
Launch License Date Estimate
The Federal Aviation Administration (FAA) has to approve the test flight to launch before SpaceX can make any moves.
Although the agency previously gave SpaceX a launch license estimate of mid-September, the FAA has given a new estimate because of a “superfluous environmental analysis”:
“We recently received a launch license date estimate of late November from the FAA, the government agency responsible for licensing Starship flight tests. This is a more than two-month delay to the previously communicated date of mid-September. This delay was not based on a new safety concern, but instead driven by superfluous environmental analysis. The four open environmental issues are illustrative of the difficulties launch companies face in the current regulatory environment for launch and reentry licensing.”
Rebuttal to Environmental Issues
SpaceX says there are several issues with reporting related to the environmental impacts of the Starship program:
- Water-cooled steel flame deflector:
- SpaceX never operated the deflector without a permit
- The deflector does not spray pollutants into the surrounding environment, and uses drinking water
- SpaceX was asked by the EPA to apply for an individual discharge permit, despite the operation having “little to nothing in common with industrial waste discharges covered by individual permits.”
- SpaceX paid fines “tied to disagreements over paperwork…so it can focus its energy on completing the missions and commitments we have made”
- Reports of operating in defiance of environmental regulation
- SpaceX calls it “demonstrably false”
- Argues delays in licensing are for “unreasonable and exasperating reasons”
- FAA consultation with U.S. Fish and Wildlife Services evaluated sonic booms and found they have “no significant impacts to the environment”
- SpaceX has extensive mitigations in place to protect birds near Starbase, and has for nearly 10 years
- “To date, the monitoring has not shown any population-level impacts to monitored bird populations, despite unsubstantiated claims to the contrary that the authors themselves later amended.”
- IFT-5 will take place outside of nesting season
With this being said, it will be interesting to see if SpaceX’s next Starship test flight will come sooner than November, although the FAA’s estimated date will likely stay in place.
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Elon Musk
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
A newly confirmed $20 billion xAI funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune.
Elon Musk moved within reach of an unprecedented $800 billion net worth after private investors sharply increased the valuation of xAI Holdings, his artificial intelligence and social media company.
A newly confirmed $20 billion funding round valued the business at $250 billion, adding an estimated $62 billion to Musk’s fortune and widening his lead as the world’s wealthiest individual.
xAI’s valuation jump
Forbes confirmed that xAI Holdings was valued at $250 billion following its $20 billion funding round. That’s more than double the $113 billion valuation Musk cited when he merged his AI startup xAI with social media platform X last year. Musk owned roughly 49% of the combined company, which Forbes estimated was worth about $122 billion after the deal closed.
xAI’s recent valuation increase pushed Musk’s total net worth to approximately $780 billion, as per Forbes’ Real-Time Billionaires List. The jump represented one of the single largest wealth gains ever recorded in a private funding round.
Interestingly enough, xAI’s funding round also boosted the AI startup’s other billionaire investors. Saudi investor Prince Alwaleed Bin Talal Alsaud held an estimated 1.6% stake in xAI worth about $4 billion, so the recent funding round boosted his net worth to $19.4 billion. Twitter co-founder Jack Dorsey and Oracle co-founder Larry Ellison each owned roughly 0.8% stakes that are now valued at about $2.1 billion, increasing their net worths to $6 billion and $241 billion, respectively.
The backbone of Musk’s net worth
Despite xAI’s rapid rise, Musk’s net worth is still primarily anchored by SpaceX and Tesla. SpaceX represents Musk’s single most valuable asset, with his 42% stake in the private space company estimated at roughly $336 billion.
Tesla ranks second among Musk’s holdings, as he owns about 12% of the EV maker’s common stock, which is worth approximately $307 billion.
Over the past year, Musk crossed a series of historic milestones, becoming the first person ever worth $500 billion, $600 billion, and $700 billion. He also widened his lead over the world’s second-richest individual, Larry Page, by more than $500 billion.
News
Tesla Cybercab sighting confirms one highly requested feature
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
A recent sighting of Tesla’s Cybercab prototype in Chicago appears to confirm a long-requested feature for the autonomous two-seater.
The feature will likely allow the Cybercab to continue operating even in conditions when its cameras could be covered with dust, mud, or road grime.
The Cybercab’s camera washer
The Cybercab prototype in question was sighted in Chicago, and its image was shared widely on social media. While the autonomous two-seater itself was visibly dirty, its rear camera area stood out as noticeably cleaner than the rest of the car. Traces of water were also visible on the trunk. This suggested that the Cybercab is equipped with a rear camera washer.
As noted by Model Y owner and industry watcher Sawyer Merritt, a rear camera washer is a feature many Tesla owners have requested for years, particularly in snowy or wet regions where camera obstruction can affect visibility and the performance of systems like Full Self-Driving (FSD).
While only the rear camera washer was clearly visible, the sighting raises the possibility that Tesla may equip the Cybercab’s other external cameras with similar cleaning systems. Given the vehicle’s fully autonomous design, redundant visibility safeguards would be a logical inclusion.
The Cybercab in Tesla’s autonomous world
The Cybercab is Tesla’s first purpose-built autonomous ride-hailing vehicle, and it is expected to enter production later this year. The vehicle was unveiled in October 2024 at the “We, Robot” event in Los Angeles, and it is expected to be a major growth driver for Tesla as it continues its transition toward an AI- and robotics-focused company. The Cybercab will not include a steering wheel or pedals and is intended to carry one or two passengers per trip, a decision Tesla says reflects real-world ride-hailing usage data.
The Cybercab is also expected to feature in-vehicle entertainment through its center touchscreen, wireless charging, and other rider-focused amenities. Musk has also hinted that the vehicle includes far more innovation than is immediately apparent, stating on X that “there is so much to this car that is not obvious on the surface.”
News
Tesla seen as early winner as Canada reopens door to China-made EVs
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y.
Tesla seems poised to be an early beneficiary of Canada’s decision to reopen imports of Chinese-made electric vehicles, following the removal of a 100% tariff that halted shipments last year.
Thanks to Giga Shanghai’s capability to produce Canadian-spec vehicles, it might only be a matter of time before Tesla is able to export vehicles to Canada from China once more.
Under the new U.S.–Canada trade agreement, Canada will allow up to 49,000 vehicles per year to be imported from China at a 6.1% tariff, with the quota potentially rising to 70,000 units within five years, according to Prime Minister Mark Carney.
Half of the initial quota is reserved for vehicles priced under CAD 35,000, a threshold above current Tesla models, though the electric vehicle maker could still benefit from the rule change, as noted in a Reuters report.
Tesla had already prepared for Chinese exports to Canada in 2023 by equipping its Shanghai Gigafactory to produce a Canada-specific version of the Model Y. That year, Tesla began shipping vehicles from Shanghai to Canada, contributing to a sharp 460% year-over-year increase in China-built vehicle imports through Vancouver.
When Ottawa imposed a 100% tariff in 2024, however, Tesla halted those shipments and shifted Canadian supply to its U.S. and Berlin factories. With tariffs now reduced, Tesla could quickly resume China-to-Canada exports.
Beyond manufacturing flexibility, Tesla could also benefit from its established retail presence in Canada. The automaker operates 39 stores across Canada, while Chinese brands like BYD and Nio have yet to enter the Canadian market directly. Tesla’s relatively small lineup, which is comprised of four core models plus the Cybertruck, allows it to move faster on marketing and logistics than competitors with broader portfolios.
Elon Musk’s net worth is nearing $800 billion, and it’s no small part due to xAI
Tesla Cybercab sighting confirms one highly requested feature
