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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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Tesla (NASDAQ: TSLA) reports its earnings for Q3 today. Here’s what to expect, as the company will reveal its balance sheet after the market closes on Wednesday.
Tesla already reported deliveries just after Q3 ended, and it demolished Wall Street consensus estimates of roughly 462,000 vehicles. Tesla delivered 486,532 cars in the third quarter, which was a big beat, but was down 2.1 percent from the same quarter last year. Energy storage deployments were 13.7 GWh, up year-over-year.
Tesla showrooms picked clean ahead of Q3 end as demand looks strong
For the quarter, analysts have already compiled their predictions for what Tesla will report this afternoon:
- Total Revenues: $28.34B
- Non-GAAP EPS: $0.43
- Operating Margin: 2.5%
- Operating Income: $721M
- Free Cash Flow: ~-$4.51B
Here are a few things we are looking forward to hearing about on the call:
Automotive Gross Margin and Overall Profitability
This was 16.3 percent in Q2, down from 19.2 percent in Q1, and was impacted by warranty charges and some fading regulatory credits. Consensus implies overall gross margin near 18 percent, but a miss here would potentially reinforce concerns about pricing pressure on its vehicles.
Pay attention to energy storage margins as well, especially since Tesla missed GWh expectations, although it was still a strong quarter.
Robotaxi/Cybercab, Unsupervised FSD, and Optimus Progress
The Say questions from retail investors usually focus on these types of projects, and this quarter is no different. Scaling the Cybercab fleet beyond Austin amid the open NHTSA safety review, timeline for Unsupervised FSD in customer cars, Robotaxi unit economics, and Optimus cost per unit plus when it could start generating revenue, are all things to be looking for.
Any concrete timelines or regulatory path details will likely move the stock more than the near-term numbers. SpaceX merger speculation, which was detailed during SpaceX’s earnings call last night, may also surface, although the key details were shared last night.
Elon Musk just confirmed the Tesla and SpaceX merger step everyone was waiting for
Say Investor Questions
- How does the Cybercab fleet scale past Austin, and what’s the regulatory path outside Texas given NHTSA’s open safety review?
- When can we anticipate FSD unsupervised in customer cars?
- When will the CyberCab be available for customer purchase/ownership?
- What’s the unit economics per paid robotaxi mile, and how does it compare to the thirty-cent target?
- Tesla has acknowledged that HW3 vehicles cannot support unsupervised FSD. When will owners know whether they can upgrade their hardware for free, and when will Tesla provide a clear plan?
The full Earnings Call will be streamed this evening after market close around 5 p.m. this evening.
SpaceX confirmed the date of Starship’s 15th launch window with some massive ambitions for the mission, as it will attempt to catch Ship for the first time.
CEO Elon Musk confirmed during SpaceX’s Earnings Call last night on October 20 that it would launch Starship for its 15th test flight in November, and there are some incredible things the company wants to try, making it perhaps the most groundbreaking launch in the program’s history.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
The most major development of the call was SpaceX’s intention to catch Ship alongside catching the Super Heavy Booster, something that has happened in the past. SpaceX showed an animation of the Ship catch, which will be done on the launch tower’s chopsticks:
SpaceX has released a new Starship tower catch animation for the upcoming Flight 15! https://t.co/kStn01Da8u
— Truthful🛰️ (@Truthful_ast) October 20, 2026
This monumental goal is to catch both the Ship and Booster in a dual-catch scenario, an incredible feat since SpaceX has never been able to reuse a Ship after launch. Musk said it would be “the first time that an orbital launch vehicle has been fully recovered,” and said it would be a “profound technology milestone.”
Musk said the odds of success on this first Ship catch attempt are “more likely than not,” but SpaceX is ultimately prepared for more tries moving forward. The SpaceX frontman said that, starting next year, Starship would have a “steady stream” of flights through the end of the year.
The cadence will accelerate in 2027, with Musk stating the company plans to target weekly flights in the first half of 2027 and twice-weekly by year-end.
The Flight 15 attempt follows that of Flight 14, which took off in late September and was Starship’s first orbital mission. It deployed 26 Starlink V3 satellites, accomplished a controlled ocean splashdown of both stages, and shed more light on potential challenges for the program moving forward.
As of now, the Starship program is firing on all cylinders.
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Wall Street analysts rapidly raised price targets on SpaceX (NASDAQ: SPCX) after the company reported a bullish third quarter for 2026 following the market close on October 20. Shares were sent sharply higher in after-hours and premarket trading.
SpaceX posted revenue of $14.6 billion, a 161 percent year-over-year increase that comfortably topped consensus estimates, which fell near $12.7 billion. The company also posted a net profit of $4.4 billion from a prior-year loss, with adjusted EBITDA reaching $8.8 billion.
More price target movement:
🚀 Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
🚀 Barclays raised its target to $300 from $254 (Overweight).
🚀 Citi increased its target to $240 from $200 (Buy),
🚀 UBS moved to $230 from $210 (Buy)
🚀TD Cowen raised its target to $224 from $200 (Buy).
🚀Morgan Stanley held an Overweight rating with a $300 target.
🚀Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.— TESLARATI (@Teslarati) October 21, 2026
Its Super Intelligence (AI) division generated roughly $7.6 billion and became the largest revenue contributor, growing nearly 830 percent year-over-year, while the Connectivity segment delivered $5.2 billion on strong subscriber additions that lifted the consumer base to 13.6 million for Starlink.
The Earnings Call proved especially catalytic, as CEO Elon Musk and CFO Bret Johnsen outlined Q1 2027 revenue guidance of $33 billion to $37 billion, which was far above the roughly $22 billion analysts had modeled, alongside fourth-quarter capital-expenditure plans of $35 billion to $40 billion focused on AI compute infrastructure at sites including Memphis and Southaven.
SpaceX delivers blockbuster Q3 results as Super Intelligence segment booms
Management targets 2.5 to 3 gigawatts of nameplate compute capacity by year-end and discussed pathways to 13 gigawatts or more by the end of 2027. Musk described relentless demand from hyperscalers and other customers, with compute pricing supporting payback periods of less than a year and potentially as short as six months.
Additional highlights included Starship’s recent orbital success and V3 satellite deployment, Starlink pricing and enterprise momentum, rapid Grok Bot adoption, spectrum expansion plans, and the formation of special committees to explore a possible combination with Tesla.
These elements prompted a wave of price-target increases:
- JPMorgan more than doubled its target to $500 from $240 while maintaining an Overweight rating.
- Cantor Fitzgerald lifted its target to $345 from $246 (Overweight).
- Barclays raised its target to $300 from $254 (Overweight).
- Citi increased its target to $240 from $200 (Buy),
- UBS moved to $230 from $210 (Buy), and
- TD Cowen raised its target to $224 from $200 (Buy).
- Morgan Stanley held an Overweight rating with a $300 target.
- Other firms also adjusted higher, including Wells Fargo (to $274 from $214) and Clear Street (to $248 from $217). Analysts broadly cited the strong quarterly print, accelerating AI compute expansion, Starlink progress, and Starship milestones as drivers of higher long-term growth and earnings power.
Shares, which closed at $147.79 on October 20, jumped roughly 8 percent in early premarket trading on October 21 as investors digested the results and the newly elevated Street targets.
The average analyst price target has moved higher, which reflects greater conviction in SpaceX’s trajectory across launch, connectivity, and the Super Intelligence business, even as elevated spending remains a point of focus.
Tesla reports Q3 Earnings today: here’s what to expect
SpaceX confirms Starship 15 launch window with massive ambitions
SpaceX stock gets a slew of price target boosts after bullish earnings call
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