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SpaceX ‘go’ for 50,000-foot Starship launch debut after static fire, Elon Musk says
CEO Elon Musk says that SpaceX’s first fully-assembled Starship prototype is on track for its 15-kilometer (~50,000 ft) launch debut after completing a second three-engine static fire test on Tuesday.
Starship serial number 8’s (SN8) three Raptor engines ignited for a few seconds around 5:30 pm CST (UTC-6) on Tuesday, November 24th, less than four hours before a record-breaking Falcon 9 rocket launched another batch of Starlink satellites roughly a thousand miles to the east. Perhaps briefly producing upwards of 600 metric tons (6000 kN/~1.3M lbf) of thrust, Starship SN8’s second triple-engine static fire was actually the first with that particular trio of engines.
Back on November 13th, an otherwise successful one or two-engine static fire nearly ended in catastrophe when the hypersonic Raptor exhaust kicked up blade-like debris that severed crucial control cables and triggered an apparent engine meltdown. Thanks to a “burst disk” failsafe, Starship SN8 – unable to actuate valves needed to depressurize – was saved from what could have been catastrophic damage. Believed to be SN32, the damaged Raptor was subsequently removed on November 14th and replaced with SN42 on November 16th.
As such, SN8’s November 24th static fire was the first with that particular set of three engines, although it was technically the rocket’s second three-engine test. SN42 now (hopefully) proven to be flight-ready, it remains to be seen if SpaceX will attempt more static fires before Musk’s promised 15 km launch debut.
As of November 25th, SpaceX still has a static fire backup window open open from 8 am to 5 pm CST, while Starship SN8’s launch road closures remain in effect from 7 am to 6 pm on November 30th with backups from 8 am to 5 pm on December 1st and 2nd.
Having now spent more than a month at the launch pad, it’s increasingly unlikely that SpaceX will continue to choose caution first for upcoming Starship SN8 tests. As Musk recently noted and easily visible from public roads, SpaceX’s Boca Chica factory is developing an extraordinary backlog of giant steel rockets. Just today, November 25th, Starship SN9 (featuring “small improvements”) was stacked to its full 50-meter (~165 ft) height after SpaceX kicked off nose section installation. In simpler terms, if SN8 is destroyed during testing, Starship SN9 will likely be ready to roll to the launch site almost as soon as the pad is clear.
Meanwhile, Starship SN10 is likely just 7-10 days away from a similar nosecone stacking milestone and Starship SN11’s tank section is just one stack away from completion, likely putting it less than two weeks behind SN10. In other words, insofar as speed is a priority and each prototype is anywhere close to as cheap as Starship’s majority-steel bill of materials might suggest, SpaceX is building the rockets so quickly that it almost doesn’t make sense to spend more than a few weeks working through any given ship’s bugs for as long as prototypes remain firmly suborbital.
Musk also says that Starship SN15 will be the host of some mysterious “major upgrades”, likely implying some substantial manufacturing improvements and design refinements. Given that large portions of Starship SN15 (and likely SN16, too) are already visibly in work in Boca Chica, it makes even less sense to spend outsized amounts of time on a much earlier prototype.
It doesn’t come as a huge surprise, then, that Musk has given SN8 – warts and all – a 33% chance of successfully launching, ‘skydiving’ back to Earth, reigniting one or more Raptors, and landing in one piece. The only real certainty is that regardless of the outcome, Starship’s high-altitude launch debut is guaranteed to be spectacular. Stay tuned for updates as we get closer to SpaceX’s November 30th target.
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
