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SpaceX crushes rocket engine world record during Raptor test
CEO Elon Musk has revealed that SpaceX crushed a global rocketry record during a recent Raptor engine test, pushing the crucial Starship component past years-old performance targets.
On August 17th, the SpaceX CEO unexpectedly released a photo of a Raptor test and a corresponding graph showing the engine’s chamber pressure, confirming that the company had successfully pushed the engine to record-breaking levels. Musk says that an unspecified Raptor – possibly serial number 39 (SN39) – briefly reached a main combustion chamber pressure of 330 bar (~4800 psi) during a controlled burn – and remained intact after shutdown.
Outside of subscale laboratory tests, the highest main combustion chamber known to full-scale, orbital-class rocketry was achieved by the Soviet Union in the 1980s with the RD-701 engine. Although the exceptionally unique engine was canceled before it could be used, it reportedly reached pressures of 290-300 bar in one mode of operation. Now, however, SpaceX and its Raptor engine appear to be the new world record holders – and by a huge margin.
Raptor’s new crown comes roughly 18 months after Elon Musk revealed that the engine had beaten the Soviet RD-270 full-flow staged combustion (FFSC) with a higher sustained chamber pressure (~257 bar vs 255 bar). A few days later, the same Raptor went even further, cresting the Russian RD-180 engine’s 257 bar operating pressure with a peak of 268 bar. Still, SpaceX needed 6-12 more months to refine Raptor into an engine capable of operating even close to those pressures for more than ~10 seconds. In July and August 2019, Raptor engine SN6 flew twice on Starhopper, culminating in a ~60-second, 150-meter hop that ended with the engine nearly destroying itself seconds before landing.
Almost exactly one year later, Raptor SN27 launched on Starship SN5 on the same 150m trajectory and appeared to perform flawlessly. Exhibiting barely a stutter or flare, SN27 never came close to the flamethrower-like death throes Raptor SN6 suffered in August 2019. In short, SpaceX continued to do what SpaceX does best, continuously refining rough prototypes into increasingly polished end products.
Originally revealed in 2016 as a methane/oxygen full-flow staged combustion engine with an operating combustion chamber pressure of 300 bar (4350 psi), Raptor’s August 17th achievement means that SpaceX has already exceeded one of its performance goals. Of course, combustion chamber pressure is significant but still far less important than engine longevity, burn duration limits, and reusability in the context of Starship. SpaceX likely wouldn’t be pushing the envelope of chamber pressure if it wasn’t confident about Raptor’s many other important attributes, but it’s still unknown if Raptor has ever burned for longer than ~90 seconds.
Regardless, if Raptor can actually sustain chamber pressures of 330 bar without damaging itself, the milestone could mean that SpaceX has already boosted Raptor’s maximum thrust from ~200 metric tons to ~225 metric tons (440,000-500,000 lbf. For Starship and Super Heavy, that 10% increase in thrust could easily translate to a 5-10% increase in payload to orbit per launch.
To reach orbit, though, Raptor still has a ways to go. For Super Heavy to be able to complete a normal launch, SpaceX will need to dramatically expand Raptor production (~31 engines per booster) and ensure that Raptor can reliably operate for 3-5+ minutes and reignite multiple times in flight. For Starship, SpaceX needs – at the minimum – to mature Raptor until it can burn continuously for 5-10 minutes to reach orbit. The company will likely also need to finish developing a custom vacuum-optimized version of Raptor for efficient orbital Starship flights.
Given just how quiet SpaceX is about most Raptor milestones, there’s a chance the company has already made substantial progress along those lines. For example, Starship SN8 – already well on its way to completion – will likely be the first prototype to fly with three Raptor engines and will need the ability to stop and start those engines in-flight to perform full-fidelity 20 km (~12.5 mi) launch and landing tests. Even just sustaining 330 bar for 10-100+ seconds without destroying the engine is likely several Raptor iterations away. Still, given SpaceX’s track record, all of those milestones are likely just a matter of time and perseverance.
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Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
SpaceX officially acquires xAI, merging rockets with AI expertise
The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
