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SpaceX lobbies NASA to foster competitive deep space exploration
Tim Hughes, the senior VP of SpaceX’s global business and government affairs, testified earlier this morning before the Senate Subcommittee on Space, Science, and Technology and the Committee on Commerce, Science, and Technology. He put forth a strong argument that it would be in the best interests of both NASA and the United States to encourage commercial competition in pursuit of the exploration of deep space, and that this could be done with concrete goals like improved interplanetary communications, vertically landing spacecraft on the Moon, and sending substantial amounts of cargo to Mars.
Before joining SpaceX, Hughes was the central actor responsible for drafting and supporting the Commercial Space Launch Amendments Act of 2004, which effectively paved the way for NASA’s first programs of commercial competition just two years later. He joined the company in 2005, and has defined SpaceX’s approach to legal and government affairs in the many years since.
Leveraging data related to the major successes and efficiency of NASA’s Commercial Orbital Transport Services (COTS) initiative, which began in earnest in 2006, Hughes demonstrated that by awarding SpaceX with funds from COTS, NASA ultimately found themselves with a highly-capable orbital launch vehicle after a relatively miniscule investment of $396 million into the venture. A study later conducted by NASA estimated that developing the same vehicle with a traditional NASA or commercial approach would have cost approximately $4 billion or $1.7 billion respectively, implying that the COTS approach was as much as ten times more efficient than NASA’s own traditional strategies of launch vehicle procurement.
SpaceX’s CRS-11 mission just over a month ago was the company’s 10th successful transport of cargo to the ISS. (SpaceX)
Of course, SpaceX themselves invested over $500 million initially following NASA’s COTS award, but NASA’s bode of confidence in the company likely made it possible in the first place for it to raise that level of funding. The point of this presented data, of course, is to segue into the argument that the introduction of commercial competition into the field of deep space exploration could also benefit NASA in the sense that it might be drastically more cost effective than current approaches. Hughes did not explicitly call out any current programs during his testimony, but the clear figureheads are the Space Launch System and Orion. Such a request from private industry also acts as a bit of a gentle suggestion to those in NASA, related Congressional and Senatorial committees. Subcommittees that past and current traditional strategies of hardware procurement for space exploration may be showing signs of age and obsolescence in the face of more efficient commercial ventures.
In fact, NASA’s Chief of Spaceflight, Bill Gerstenmaier, admitted earlier today in a very rare streak of candor that he “[couldn’t] put a date on humans on Mars” and that that was a result of a severe lack of budget to design and build the myriad technologies, hardware, and vehicles necessary to actually take advantage of a heavy launch vehicle like the Space Launch System. NASA is admittedly beginning to pursue and request industry information for what they are calling a Deep Space Gateway or NEXTSTEP, intended to be a small orbital base or space station located closer to the Moon than to Earth. A successfully-developed DSG would indeed become one completed facet of the architecture needed to bring humans to Mars, and can be compared in concept to SpaceX’s Big Falcon Spaceship in a limited fashion.
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- Boeing (pictured here), SNC, and five other companies all produced concepts that are now being evaluated by NASA for the NEXTSTEP program. (Boeing)
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- Sierra Nevada’s NEXTSTEP cislunar station concept. (SNC)
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- SpaceX’s conceptual Interplanetary Transport System from 2016 was considerably larger and more structurally complex than 2017’s BFR. (SpaceX)
Given Gestenmaier’s frank admittance that NASA’s budget is not presently able to support even a fraction of what is necessary for their “Journey to Mars”, exploring alternative methods of more efficiently exploiting the money NASA could realistically make available for further deep space exploration is almost certainly a major priority, or it at least ought to be. Gertsenmaier’s unspoken need for more efficient methods of exploring Mars and deep space would perfectly mesh with the requested program SpaceX’s Tim Hughes also presented earlier today, and the potential benefits SpaceX might also reap from such an arrangement make it worth serious consideration.
The political and corporate mire that NASA is almost innately intertwined with is the primary and most obvious barrier to the existence of a deep space COTS-esque program, but it is possible that some amount of calculated politicking on behalf of SpaceX could result in the right Senators or Representatives getting behind SpaceX’s mission of cost-effective space exploration.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Elon Musk
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
SpaceX CEO Elon Musk has revealed the timeline for the next Starship launch. It will be the first launch using SpaceX’s revamped design for Starship, as its v3 rocket will take its maiden voyage sooner than many might expect.
Musk announced on April 3 on X that the next Starship flight test, and the first flight of the upgraded v3 ship and booster, is 4 to 6 weeks away. The update signals the end of a nearly six-month hiatus since the program’s last launch.
Elon says the first V3 Starship launch will occur in 4-6 weeks
It will be the first Starship launch since Flight 11 on October 13, 2025 https://t.co/QnnYPTdbUu
— TESLARATI (@Teslarati) April 3, 2026
The upcoming mission, designated as Starship’s 12 integrated flight test (IFT-12), marks a significant milestone. It will be the debut of the v3 configuration, featuring a taller Super Heavy Booster and Starship upper stage. The changes SpaceX has made with the v3 rocket and booster are an increased propellant capacity and the more powerful Raptor 3 engines.
Earlier predictions from Musk in March had pointed to an April timeframe, but the latest timeline now targets a launch window in early to mid-May 2026.
The V3 iteration represents a substantial evolution from previous Starship prototypes. Engineers have optimized the design for improved manufacturability, higher thrust, and greater efficiency. Raptor 3 engines deliver significantly more power while reducing weight and production costs compared to earlier variants.
With these enhancements, SpaceX aims to boost payload capacity toward 200 metric tons to low Earth orbit in a fully reusable configuration — a dramatic leap from the roughly 35-ton target of prior versions. Such capabilities are critical for ambitious goals, including NASA’s Artemis lunar missions and eventual crewed flights to Mars.
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
Recent activities have involved static fires, activation of the new Pad 2 at Starbase in Boca Chica, Texas, and integration of Raptor 3 engines.
A prior incident with an early V3 booster on the test stand in late 2025 contributed to the delay, necessitating additional assembly and qualification work.
Musk’s timeline updates have become a hallmark of the Starship program, often described with characteristic optimism.
SpaceX’s Starship V3 is almost ready and it will change space travel forever
While past targets have occasionally shifted by weeks, the rapid iteration pace remains impressive. However, don’t be surprised if this timeline shifts again, as Musk has been overly optimistic in the past with not only launches, but products under his other companies, too.
SpaceX continues to refine launch infrastructure, including new propellant loading systems and tower mechanisms designed to support higher cadence operations. A successful V3 flight could pave the way for more frequent tests, tower catches of both booster and ship, and progression toward operational reusability.
The v3 debut is viewed as a transition point for Starship, moving beyond experimental flights toward a system capable of supporting large-scale deployment of Starlink satellites, lunar landers, and interplanetary transport.
Success on IFT-12 would demonstrate not only the new hardware’s performance but also SpaceX’s ability to recover from setbacks and maintain momentum.
As the 4-to-6-week countdown begins, anticipation builds at Starbase. Teams are finalizing vehicle stacking, conducting final pre-flight checks, and preparing for regulatory approvals. The world will be watching to see if Starship V3 can deliver on its promise of transforming humanity’s access to space.
Elon Musk
SpaceX to launch military missile tracking satellites through new Space Force contract
SpaceX wins a $178.5M Space Force contract to launch missile tracking satellites starting in 2027.
The U.S. Space Force awarded SpaceX a $178.5 million task order on April 1, 2026 to launch missile tracking satellites for the Space Development Agency. The contract, designated SDA-4, covers two Falcon 9 launches beginning in Q3 2027, one from Cape Canaveral Space Force Station in Florida and one from Vandenberg Space Force Base in California. The satellites, built by Sierra Space, are designed to bolster the nation’s ability to detect and track missile threats from orbit.
The award falls under the National Security Space Launch Phase 3 Lane 1 program, which Space Force uses to move payloads to orbit on faster timelines and at more competitive prices. “Our Lane 1 contract affords us the flexibility to deliver satellites for our customers, like SDA, more easily and faster than ever before to all the orbits our satellites need to reach,” said Col. Matt Flahive, SSC’s system program director for Launch Acquisition, in the official press release.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
The SDA-4 contract is the latest in a long string of national security wins for SpaceX. As Teslarati reported last month, the Space Force recently shifted a GPS III satellite launch from ULA’s Vulcan rocket to SpaceX’s Falcon 9 after a significant Vulcan booster anomaly grounded ULA’s military missions indefinitely. That move made it four consecutive GPS III satellites transferred to SpaceX after contracts were originally awarded to its competitor.
This didn’t come without a fight and dates back years. SpaceX originally had to sue the Air Force in 2014 for the right to compete for national security launches, at a time when United Launch Alliance held a near monopoly on the market. Since then, the company has steadily displaced ULA as the dominant provider, and last year the Space Force confirmed SpaceX would handle approximately 60 percent of all Phase 3 launches through 2032, worth close to $6 billion.
With missile defense satellites now part of its launch manifest alongside GPS, communications, and reconnaissance payloads, SpaceX is giving hungry investors something to chew on before its imminent IPO.
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
