News
SpaceX’s orbital Starship prototype gets frosty during first successful ‘cryoproof’
For the first time, SpaceX has put the first orbital-class Starship – a prototype known as Ship 20 (S20) – through a routine cryogenic proof test, filling the rocket with several hundred tons of liquid nitrogen to simulate its explosive propellant.
While it’s impossible to jump to conclusions before members of the public can return to the pad to take photos or CEO Elon Musk takes to Twitter to discuss the results, Ship 20’s first ‘cryoproof’ appears to have been largely successful [Edit: Musk has confirmed that the test went well]. Relative to the almost three-dozen cryoproofs SpaceX has completed with more than a dozen other Starship, booster, and test tank prototypes over the last two years, though, Ship 20’s first major test still has some oddities.
Historically, every cryoproof of a full Starship prototype has been visually unique and virtually impossible to predict. Without any direct insight from SpaceX or Elon on the objectives, plan, or timeline of tests, the process of watching tests (via unofficial webcams, of course) and attempting to interpret why certain things look the way they do or what’s going on at any given moment is a bit trying to interpret eroded hieroglyphics.
At the most basic level, cryogenic tanking tests – whether with Starship, Super Heavy, or test tanks and liquid oxygen (LOx)/methane (LCH4) propellant or neutral liquid nitrogen (LN2) – are fairly simple. The vehicle is attached to pad systems, powered on, and partially or fully loaded with cryogenic fluids. Once the desired test objectives are achieved or attempted, the vehicle is then detanked (drained of propellant or LN2).
Thanks to the fact that they’re incredibly cold (-160 to -200C; -260 to -330F), the LOx/LCH4 or LN2 Starships are filled with quickly chill the thin steel tanks containing them. With no insulation to speak of, that supercooled steel then freezes water vapor out of the humid South Texas air, creating a layer of frost/ice that generally follows the level of the cryogenic liquids in Starship’s tanks. Throughout that process, those cryogenic liquids inevitably come into contact with ambient-temperature Starship tanks and plumbing (white-hot in comparison) and warm up, boiling off into gas as a result.
A gaseous chemical is far less dense than its liquid form, meaning that the pressure inside Starship’s fixed tanks can rapidly become unmanageable after even a small amount of boiloff. To maintain the correct tank pressures, Starship – like all other rockets – occasionally vents off the gas that forms. And thus, the two main methods of interpreting the hieroglyphics that are cryoproof tests: frost levels and venting.
Compared to earlier prototypes, Starship S20’s first cryoproof has been… unusual. Most notably, SpaceX began loading the rocket with liquid nitrogen around 8pm CDT. Its LOx (bottom) and CH4 (top) tanks were then slowly filled to around 30-50% of their full volume over the next hour. However, rather than detanking, SpaceX then partially drained the methane tank but filled the LOx tank further before leaving the LOx tank more or less fully filled for more than two hours, occasionally topping it off with fresh liquid nitrogen.
Then, almost four hours after LN2 loading began, Starship performed several massive vents. Ordinarily, given the hours of testing prior, those vents would have assuredly been detank vents – effectively depressurizing Starship’s tanks as they’re drained of fluid. However, those vents instead coincided with the rapid loading of one or several hundred more tons of LN2, seemingly topping off Starship S20 in the process. Around that point, it’s possible that SpaceX began the pressure testing portion of Ship 20’s cryoproof, (mostly) closing the rocket’s vents and allowing the pressure to gradually increase to flight levels (and maybe even higher).
Many, many months ago, when SpaceX was deep into cryoproofing the first full-size Starship prototypes, Musk revealed an operating pressure goal of 6 bar (~90 psi). Ships were eventually successfully tested above 8 bar (~115 psi), giving Starship a healthy ~30% safety margin. As the first orbital-class Starship prototype, Ship 20 likely needs to hit those tank pressures more so than any ship before it to have a shot at surviving its orbital launch debut and orbital-velocity reentry attempt.
Beyond the basics of cryoproofing, Starship S20 also marked a crucial step forward on September 29th/30th, becoming the first ship to complete a cryoproof test with a full heat shield installed. While it’s impossible to judge exactly how well S20’s ~15,000-tile heat shield performed, views from public webcams showed no obvious signs of tiles shattering and falling off as Starship repeatedly cooled and warmed – contracting and expanding as a result. Additionally, still in contact with the air, the steel tank skin under a majority of Ship 20’s tiles would have likely covered itself in a layer of frost and ice, but the heat shield appeared to handle that invisible change without issue.
It’s possible that dozens or hundreds of tiles bumped together and chipped or cracked in a manner too subtle to be visible on LabPadre or NASASpaceflight webcasts, but that can only be confirmed or denied when the road reopens and local photographers can capture higher-resolution views of Starship. For now, it appears that Ship 20’s first cryoproof was highly successful, hopefully opening the door for Raptor installation and static fire testing in the near future. Stay tuned for more!
Update: As is almost tradition by now, SpaceX CEO Elon Musk didn’t take long to tweet about the results of Starship S20’s first cryoproof, confirming that the “proof was good!”
Investor's Corner
Tesla and SpaceX to merge in 2027, Wall Street analyst predicts
The move, Ives argues, is no longer a distant possibility but a logical next step, fueled by deepening operational ties, shared AI ambitions, and Elon Musk’s vision for dominating the next era of technology.
Tesla and SpaceX are two of Elon Musk’s most popular and notable companies, but a new note from one Wall Street analyst claims the two companies will become one sometime next year, as 2027 could see the dawn of a new horizon.
In a bold new research note, Wedbush analyst Dan Ives has reaffirmed his long-standing prediction: Tesla and SpaceX will merge in 2027.
The move, Ives argues, is no longer a distant possibility but a logical next step, fueled by deepening operational ties, shared AI ambitions, and Elon Musk’s vision for dominating the next era of technology.
He writes:
“Still Expect Tesla and SpaceX to Merge in 2027. We continue to believe that SpaceX and Tesla will eventually merge into one company in 2027 with the groundwork already in place for both operations to become one organization. Tesla already owns a stake in SpaceX after the company’s $2 billion investment in xAI got converted to SpaceX shares following SpaceX’s acquisition of xAI earlier this year initially tying both of Musk’s ventures closer together but still represents <1% of SpaceX’s expected valuation. The recent announcement of a joint Terafab facility between SpaceX and Tesla further ties both operations together making it more feasible to merge operations given the now existing overlap being built out across the two with this the first step.”
The groundwork is already being laid. Earlier this year, SpaceX acquired xAI, converting Tesla’s $2 billion investment in the AI startup into a small equity stake, less than 1 percent, in SpaceX.
Regulatory filings cleared the transaction in March 2026, formally linking the two Musk-led companies financially for the first time. Then came the announcement of a joint TERAFAB facility in Austin, Texas: two advanced chip factories, one dedicated to Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
Ives calls Terafab the “first step” toward full operational integration.
SpaceX’s impending IPO, expected as soon as mid-June 2026, will turbocharge these plans. The company aims to raise approximately $75 billion at a roughly $1.75 trillion valuation, far exceeding earlier estimates.
Proceeds will fund Starship rocket flights, a NASA-contracted lunar base, expanded Starlink services across maritime, aviation, and direct-to-mobile applications, and crucially, orbital AI infrastructure
A major driver is the exploding demand for AI compute. U.S. data centers are projected to consume 470 TWh of electricity by 2030, constrained by power grids and land.
🚨 Wedbush’s Dan Ives says that Tesla and SpaceX will merge in 2027. SpaceX will IPO soon, his new note says:
“According to media reports, SpaceX could file a prospectus for an IPO imminently with the goal of raising ~$75 billion above the prior expectation of ~$50 billion…
— TESLARATI (@Teslarati) March 27, 2026
SpaceX’s strategy, launching millions of solar-powered satellites to host data centers in orbit, bypasses Earth’s energy bottlenecks. Solar energy captured in space avoids atmospheric losses and day-night cycles, offering a scalable solution for AI training and inference.
The xAI acquisition ties directly into this vision, positioning the combined entity as a leader in extraterrestrial computing.
The merger would create a formidable conglomerate spanning electric vehicles, robotics, satellite communications, human spaceflight, and defense.
Ives highlights SpaceX’s role in the Trump administration’s “Golden Dome” missile defense shield, which would leverage Starlink satellites for tracking.
For Tesla, access to SpaceX’s launch cadence and orbital assets could accelerate autonomous driving, Robotaxi fleets, and Optimus deployment.
Musk, who has signaled his desire to own roughly 25 percent of Tesla to steer its AI future, views the combination as essential to overcoming fragmented regulatory scrutiny from the FTC and DOJ.
Challenges remain. Antitrust hurdles could delay or reshape the deal, and shareholder approvals on both sides would be required. Yet Ives remains bullish, maintaining an Outperform rating on Tesla with a $600 price target, implying substantial upside from current levels. The analyst sees the merger as the “holy grail” for consolidating Musk’s disruptive tech empire.
If realized, a 2027 Tesla-SpaceX union would not only reshape corporate boundaries but redefine humanity’s trajectory in AI and space exploration. It would mark the moment two pioneering companies become one unstoppable force, pushing the limits of what’s possible on Earth and beyond.
News
Tesla ‘Killer’ heads to the graveyard as AFEELA taps out
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
There have been many Tesla “Killers” over the years, all of which have either failed to dethrone the automaker from its dominance in the United States, or even make it to the market altogether.
The Sony Honda Mobility (SHM) project, known as AFEELA, is the latest to make it to the grave, as the company announced its intentions to abandon the project earlier this week, Bloomberg reported.
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
🚗 Tesla Killers Graveyard:
Sony-Honda AFEELA
The sleek, AI-packed luxury sedan with PlayStation integration. Officially cancelled in March 2026 after Honda scaled back its EV plans.Fisker Ocean
Stylish SUV with solar roof promises. Company filed for bankruptcy in 2024 amid… https://t.co/Om14UhISOy— TESLARATI (@Teslarati) March 26, 2026
The decision follows Honda’s March 12 reassessment of its electrification strategy, which scrapped several upcoming EV programs amid slowing demand, high costs, and shifting market conditions.
SHM stated that it could no longer rely on key Honda technologies and manufacturing assets, leaving “no viable path forward.” Reservation fees for early buyers in California are being fully refunded, and the joint venture’s future is now under review.
Launched with fanfare in 2022, the AFEELA was positioned as a tech-forward premium EV blending Honda’s engineering reliability with Sony’s entertainment and AI expertise.
Prototypes featured advanced autonomous driving systems, immersive in-cabin displays, and even PlayStation integration, earning it early media labels as a potential “Tesla Killer.”
Priced around $90,000, the sedan was slated for limited production at Honda’s Ohio plant with deliveries targeted for late 2026. Industry watchers saw it as a serious challenger to Tesla’s dominance in software, connectivity, and premium appeal.
Yet, like many ambitious EV projects, it fell victim to broader industry headwinds: softening consumer demand, persistent high interest rates, and intense competition from established players.
The AFEELA joins a long list of vehicles once hyped as “Tesla Killers” that failed to deliver. In the late 2010s, Fisker’s second act, the Ocean SUV, promised stylish design and solid-state battery tech but collapsed into bankruptcy in 2024 after production delays, quality issues, and financial shortfalls.
Faraday Future poured billions into the FF 91 luxury sedan, touting it as a hyper-tech rival with unmatched performance and features; the company delivered fewer than 100 vehicles before fading into obscurity.
Lordstown Motors’ Endurance electric pickup generated massive pre-order buzz and Wall Street excitement but imploded after exaggerated range claims, a factory sale, and eventual bankruptcy.
Even Lucid Motors’ Air sedan, frequently called a Tesla slayer for its superior range and luxury, has struggled with sluggish sales and missed growth targets despite strong reviews.
Rivian’s R1T and R1S trucks enjoyed similar early acclaim and a blockbuster IPO, yet production ramp-up challenges and profitability woes have prevented it from dethroning Tesla.
The AFEELA’s quiet demise underscores a harsh reality in the EV sector. While Tesla’s first-mover advantage in software, charging infrastructure, and brand loyalty remains formidable, legacy automakers and tech newcomers alike continue to underestimate the complexities of scaling affordable, desirable electric vehicles.
As market realities force tough choices, the graveyard of “Tesla Killers” grows longer, another reminder that innovation alone is rarely enough to topple an established leader.
Elon Musk
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
Time Magazine honors Gwynne Shotwell as SpaceX reaches a $1.25 trillion valuation and eyes its IPO.
TIME Magazine has put SpaceX President and COO Gwynne Shotwell on its cover, and the timing could not be more fitting. Published today, the profile of Shotwell arrives at a moment when the company she has quietly run for more than two decades stands at the center of the most consequential developments in aerospace, artificial intelligence, and the future of human civilization.
Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX’s February 2026 merger with Elon Musk’s artificial intelligence company, a deal that made SpaceX the world’s most valuable private company at a reported valuation of $1.25 trillion. A highly anticipated IPO is expected in the second quarter of 2026.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Her track record is historic. She oversaw the first landing of an orbital rocket’s first stage, the first reuse and re-landing of an orbital booster, and the first private crewed launch to Earth orbit in May 2020. She built the Falcon launch manifest from nothing to more than 170 contracted missions representing over $20 billion in business. Under her operational leadership, SpaceX completed 96 successful missions in 2023 alone and has now flown more than 20 crewed Falcon 9 missions. Starlink, which she championed as a financial pillar of the company long before it was a mainstream topic, now connects tens of millions of users worldwide and provided a critical communications lifeline to Ukraine following the 2022 invasion.
Elon Musk has never been shy about what Shotwell means to him and to SpaceX. When she shared her vision for worldwide internet connectivity through Starlink, Musk responded on X with a simple statement, “Gwynne is awesome.” It is a sentiment that has been echoed across the industry. NASA Administrator Bill Nelson once said of Musk: “One of the most important decisions he made, as a matter of fact, is he picked a president named Gwynne Shotwell. She runs SpaceX. She is excellent.”
Gwynne is awesome https://t.co/tiXtMWJmPE
— Elon Musk (@elonmusk) September 28, 2024
Now, with Starship targeting its first crewed lunar landing under the Artemis program by 2028, an xAI integration underway, and a pending IPO that could reshape capital markets, Shotwell’s mandate has never been larger. She told Time that 18 Starships are already in various stages of construction at Starbase. “By 2028,” she said, gesturing across the factory floor, “these should be long gone. They better have flown by then.” If Shotwell’s history at SpaceX is any guide, they will.
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Tesla ‘Killer’ heads to the graveyard as AFEELA taps out
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