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SpaceX prioritizes Starship test flights, pauses plans for floating launch pads
President and COO Gwynne Shotwell says that SpaceX has temporarily abandoned plans for floating Starship launch platforms to ensure it’s fully focused on gaining flight experience with the next-generation rocket.
On February 13th, a NASASpaceflight.com forum member reported that a pair of oil rigs were scheduled to leave a Mississippi port for an unknown destination. At one point, those oil rigs – christened Deimos and Phobos after Mars’ moons – were owned by SpaceX. In mid-2020, SpaceX bought the former half-billion-dollar oil rigs for just $7 million. Around the same time, CEO Elon Musk tweeted that SpaceX was “building floating, superheavy-class spaceports for Mars, moon & hypersonic travel around Earth.”
SpaceX’s oil rig purchase was publicly uncovered in January 2021. Since then, however, the company has done very little to Phobos or Deimos. Phobos’ deck was half-cleared in fitful bursts of work, but Deimos was left almost untouched. Now, according to SpaceNews, SpaceX’s second in command says the company sold Phobos and Deimos and has paused work on offshore Starship launch platforms.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
In August 2021, Musk added some additional insight, revealing that the platforms were not a priority and that the only visible work done was the result of SpaceX hiring third parties to clear Phobos’ deck. Ultimately, the project may have been a false start. Speaking in February 2023, Shotwell told reporters that while SpaceX had sold the rigs, she was still confident that “sea-based [launch] platforms” would become a crucial asset in the future.
Perhaps even exceeding CEO Elon Musk’s infamously lofty ambitions, Shotwell said that SpaceX has “designed Starship to be as much like aircraft operations as we possibly can get” in the hopes of enabling “dozens of launches a day, if not hundreds of launches a day.” No rocket family in history has launched more than 61 times in one calendar year, making Shotwell’s Starship cadence target hundreds or even thousands of times more ambitious than a 1980s rocket record that’s still standing four decades later.
It’s unclear if the FAA’s stringent environmental reviews would ever allow SpaceX to get close to that kind of launch cadence using pads built on US soil. SpaceX fought long and hard to receive approval for up to five orbital Starship launches per year out of Boca Chica, Texas. SpaceX has also received approval [PDF] for up to 24 Starship launches per year out of a NASA Kennedy Space Center pad in Cape Canaveral, Florida. And SpaceX is permitted to launch [PDF] up to 70 much smaller Falcon rockets per year from its two existing Cape Canaveral pads.
“Dozens” to “hundreds” of Starship launches per day would be two or three orders of magnitude beyond the highest cadences the FAA has ever permitted. Shotwell’s continued interest in floating platforms is thus unsurprising, as they may be the only way SpaceX can realistically achieve airline-like Starship operations while still coexisting with US regulators.
According to SpaceNews, Shotwell said that SpaceX “really need[s] to fly [Starship] to understand it – to get to know this machine – and then we’ll figure out how we’re going to launch it.” That disciplined focus could be just the thing the Starship program needs. More than eighteen months after SpaceX first fully stacked a two-stage Starship, the rocket still hasn’t attempted an orbital launch. SpaceX has, nonetheless, put a vast amount of money and effort into building, expanding, and optimizing factories and launch facilities for Starship, an orbital rocket that has yet to even partially demonstrate itself.
In essence, SpaceX has made huge gambles on the assumption that a version of Starship mostly resembling what the company is building today will be highly successful, reusable, and reliable. SpaceX’s success with Falcon 9, Falcon Heavy, Dragon, and suborbital Starship testing suggests that it will ultimately be successful, in time. Nonetheless, Shotwell’s apparent desire to conduct orbital Starship launches and gather data before making major investments in new infrastructure (and, hopefully, big design changes and “optimizations”) is a welcome change of pace. Shotwell reportedly assumed oversight of Starbase and Starship in late 2022.
President Donald Trump unveiled an upgraded Boeing 747-8 at Joint Base Andrews on June 19, 2026, describing the Qatar-gifted aircraft as an interim Air Force One equipped with advanced communications systems, including Starlink, Elon Musk’s SpaceX satellite internet service.
The plane, valued at around $400 million and modified for presidential use, serves as a bridge until the delayed VC-25B replacements arrive. Trump highlighted its luxury features and new technology during remarks to service members.
Trump stated:
“We have communication equipment up there that nobody’s ever seen before. It’s the highest level and, uh, including Starlink. My friend Elon is going to be very happy, but, uh, Starlink and we have, uh, four or five different sets of double and triple communications like people haven’t seen.”
He added:
“And it represents what can happen with hard work, innovation, and aggressive timelines because we did this quickly and yet there’s never been communication like is on this plane.”
🚨 President Trump confirmed today that the new Air Force One is equipped with Starlink:
“We have communication equipment up there that nobody’s ever seen before, it’s the highest level and including Starlink…my friend Elon is going to be very happy.” pic.twitter.com/IhkDmtr5hL
— TESLARATI (@Teslarati) June 20, 2026
The aircraft features a redesigned red, white, and blue livery and has been outfitted with Starlink satellite connectivity alongside other secure systems.
Trump praised the plane’s uniqueness, calling it among the world’s most luxurious. The gift from Qatar and subsequent modifications have drawn attention, with the jet positioned as a solution for presidential travel. It is expected to support operations, including potential ceremonial roles such as Fourth of July flyovers.
The event marked the formal introduction of the converted jet, which will help maintain capabilities while the primary Air Force One fleet undergoes modernization. Defense observers note the inclusion of commercial satellite technology like Starlink as part of efforts to ensure resilient communications, crucial to keep the country running as the President is in the sky.
President Trump’s comments underscored appreciation for rapid upgrades and innovation in equipping the aircraft. The plane remains a U.S. government asset and is slated for eventual transfer related to presidential library purposes after its service.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
President Trump touts new Air Force One with Musk technology
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
