SpaceX
SpaceX President talks BFR and Mars exploration in laid-back Madrid Q&A session
Speaking at a Q&A session hosted for a Madrid university’s Master’s of Business Administration students, SpaceX President and COO Gwynne Shotwell talked for nearly an hour about the launch company’s next-generation BFR rocket, the reality of long-term life on Mars, and more, revealing a number of interesting tidbits in the process.
Almost entirely led by questions from the unusually well-informed audience, the graduate students and professors predominately kept the famous SpaceX exec more or less focused on the company’s future, delving into the reasoning behind BFR. Shotwell had only praise for the next-generation launch vehicle, which is targeting initial hop tests in late 2019 and its first full launches as early as 2021, a delay of several months from previous schedule estimates targeting hops in early 2019 and orbit by 2020.
Aside from schedule updates, Shotwell had more still to say about the rocket:
- “The flexibility that [BFR] offers will change how we do everything in space.”
- “BFR has the capability to open its payload bay, bring [a] satellite back in, close it, pressurize it, work on it (repair, upgrade, etc), and redeploy it”
- “BFR will basically allow people to work and live in space”
Although she offered some self-deprecating humor on SpaceX’s often-optimistic schedules for future projects, she was for the most part positive about the company’s ultimate aspirations of completing and perfecting BFR, stating without hesitation that “something terrible [would] have to happen at SpaceX for us to not be on our way to Mars and back in 10 years.”
-
- SpaceX’s BFR visualized just before launch at a heavily-upgraded Pad 39A. (SpaceX)
-
- Note the 2017/early-2018 variant’s single delta-wing and extendable leg pods (silver). (SpaceX)
-
- We’re not here just yet, but SpaceX is pushing hard to build BFR and get humanity to Mars as quickly as practicable. (SpaceX)
Shotwell acknowledged that some of the hurdles in the way of those goals could become headaches, particularly the decision to build the rocket’s propellant tanks solely out of carbon fiber composites, but also expressed her belief that most of the difficulty of designing and building BFR’s advanced Raptor engine was already behind SpaceX. Roughly two times as powerful as Merlin 1D and dramatically more efficient, SpaceX’s Raptor development team has conducted extensive hot-fire testing (at least 1200 seconds) of the engine, optimizing it to the point that the company is already building (and maybe already hot-fire testing) flight-grade hardware.
Other miscellaneous comments showed Shotwell at her best, ad-libbing one-liners that were lucid, accurate, and entertaining.
- “We’ll be going to Mars … with NASA and with ESA. It’s gonna be like extreme camping… for 100 years. And then it might be okay.”
- “[Space] tourism is inevitable but [SpaceX] doesn’t want to do it too soon”, the goal is to launch “test pilots before families”
- “The first cars on Mars will be Teslas.”
Watch the full Shotwell Q&A – graciously recorded by the business student and SpaceX subreddit member LordsofDecay – at the link below.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
-
-
Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
-
However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
SpaceX will report second quarter results after the market closes on Tuesday, August 4, marking the first time the company has opened its books to the public since its record IPO in June. Management will host a live audio only webcast at 4:30 p.m. ET, streamed on X, with no dial in option.
The debut carries more weight than a typical first quarter as a public company. Two trading days after the release, on August 6, the first tranche of SpaceX’s lockup expires, freeing roughly 911.5 million insider and employee shares, worth well over $100 billion at current prices and the largest such release in Wall Street history. A second, larger tranche tied to the stock trading 30 percent above its $135 IPO price never triggered, since shares have spent most of July trading below that price.
Wall Street’s models point to revenue near $6.9 billion for the quarter, up sharply from the $4.69 billion SpaceX reported in the first quarter, with a narrower per share loss than the $1.27 posted three months earlier, according to estimates compiled by Motley Fool. Those numbers will be the first look at how SpaceX’s three segments, Starlink, launch and AI, are performing independently.
SpaceX scores another massive Pentagon deal to support military satellites
Investors heading into the call have a specific list of questions. How many net new Starlink subscribers did SpaceX add after ending March with 10.3 million, and is average revenue per user holding up as the service expands into lower income markets. How much of the AI segment’s revenue reflects contract signings with Anthropic, Google and Reflection AI this year, deals that combined could annualize to nearly $28 billion if fully ramped. Whether capital expenditures, which nearly doubled in the AI segment alone between 2024 and 2025, are still accelerating or starting to plateau. And whether management offers any forward guidance at all, something SpaceX has never done publicly.
The report will also land days after Elon Musk publicly denied a Wall Street Journal report describing internal planning to separate Tesla’s China business ahead of a potential Tesla-SpaceX merger. Whether Musk or SpaceX executives address that speculation on the call, even indirectly, maybe something investors will be listening for on Tuesday.
As Teslarati reported after Musk’s own warning to short sellers last week, the CEO has made clear he expects skeptics to be proven wrong over time. Tuesday will be the first chance for the numbers themselves to make that case.
-
Elon Musk
SpaceX’s Starship just got filmed by its own cargo
SpaceX released new footage of Starship in space captured by the Starlink satellites it deployed.
SpaceX released a new video Friday evening showing Starship from an angle showcased by its own Starlink satellites, watching the rocket drift away in orbit.
The 65 second clip, posted on X, stitches together footage from four cameras mounted on a single Starlink V3 satellite. It opens with a close view of Starship’s 171 foot upper stage, still catching sunlight, then pulls back as the two spacecraft separate.
The footage comes from Starship’s 13th flight test, which launched July 24 from Starbase after a scrubbed attempt and an abort caused by an engine issue the week before. When Flight 13 finally flew, it carried the first batch of functional Starlink V3 satellites Starship has ever deployed, twenty of them, with six equipped with cameras meant to scan the ship’s heat shield during reentry.
View of Starship in space from a Starlink V3 satellite on Flight 13.
This composite is made of imagery from four separate cameras on a single satellite. Six of the satellites were equipped with cameras to scan Starship’s heat shield and transmit imagery down to operators to… pic.twitter.com/sNTHHz5vLr
— SpaceX (@SpaceX) July 31, 2026
Flight 13 checked most of its boxes. Starship deployed all 20 satellites, relit a Raptor engine in space, and splashed down softly in the Indian Ocean off Western Australia. Musk’s longer term plan calls for a Starlink V3 constellation of 100,000 satellites, according to a recent FCC filing, with Starship as the only vehicle capable of launching them at the volume that requires. Each Starship flight is designed to carry up to 60 V3 satellites once the vehicle reaches routine service, well beyond what Falcon 9 can carry in a single mission.
-
Starship is next expected to fly with an attempt at catching the ship itself with the launch tower’s mechanical arms, a maneuver SpaceX has so far reserved for the Super Heavy booster.
SpaceX to report first-ever earnings today: here’s what to expect
Tesla Full Self-Driving insurance program with heavy discount expands
