

News
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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News
Waymo temporarily halts service in select San Francisco and LA areas amid protests
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

Waymo, Alphabet’s autonomous vehicle subsidiary, has suspended its driverless taxi operations in parts of Los Angeles and San Francisco amid violent protests linked to U.S. Immigration and Customs Enforcement (ICE) raids in the state.
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.
Waymo Catches Strays Amid Anti-ICE Protests
Protests erupted in Los Angeles and San Francisco in response to the Trump administration’s immigration raids, which ultimately resulted in California Governor Gavin Newsom calling the White House’s deployment of National Guard troops unconstitutional.
Amidst the protests, images and videos emerged showing several Waymo robotaxis being defaced and destroyed. At least five Waymo robotaxis ended up being caught in the crossfire, and at least one vehicle ended up being burned to the ground.
The incident resulted in the Los Angeles Police Department advising people to avoid downtown areas due to toxic fumes from the robotaxis’ burning lithium-ion batteries. As noted in a KRON4 report, Waymo ultimately halted service in affected areas “out of an abundance of caution.”
Robotaxi Sentiments
The cost of the attacks is notable. Each Waymo robotaxi is valued between $150,000 and $200,000, per a 2024 Wall Street Journal report. Interestingly enough, this is not the first time that Waymo’s robotaxis ended up on the receiving end of angry protesters. On February 24, a Jaguar I-PACE robotaxi was set ablaze and vandalized by a crowd in San Francisco. Videos taken at the time showed a mob of people attacking the vehicle.
Despite the recent attacks on its robotaxis, Waymo has stated it has “no reason to believe” its vehicles were specifically targeted during the protests, as per a report from The Washington Post. A company spokesperson also noted that some of the Waymo robotaxis that were defaced and destroyed during the violent demonstrations had been completing drop-offs near the protest zones.
Investor's Corner
xAI targets $5 billion debt offering to fuel company goals
Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.
Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.
According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.
Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.
Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.
As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.
News
SpaceX to debut new Dragon capsule in Axiom Space launch
Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.
The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.
As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.
Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.
The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.
“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.
The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.
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