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SpaceX’s Raptor engine nears flight-readiness for BFR spaceship hop tests

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In a presentation that revealed plans for a private mission to the Moon in as early as 2023, SpaceX CEO Elon Musk dedicated a couple minutes to BFR’s booster and spaceship rocket engine of choice, Raptor. Musk had nothing but praise for SpaceX’s propulsion engineers and technicians, stating that he was “really excited” about the propulsion system’s advanced design.

Judging from a total of 1200 seconds of hot-fires completed just under a year ago, it’s safe to assume that Raptor has soared beyond that measure. Most recently, photos captured earlier this summer showed that a new prototype was installed on SpaceX’s horizontal Raptor test stand in McGregor, Texas, looking nearly identical to the deep black Raptor nozzle shown in Monday’s presentation. Previous Raptor prototypes seen during testing or at the test stand appeared to have a nozzle closer to SpaceX’s silver Merlin 1Ds, whereas this newest iteration’s nozzle doesn’t seem to reflect the powerful spotlights surrounding it.

Perhaps not a coincidence, SpaceX’s propulsion engineering lead Tom Mueller stated in May 2018 that flight-ready Raptors were already “in work”, with the implication being that the finalized Raptor design had been completed and that manufacturing work was beginning in earnest. Barring an unexpected shift in testing strategies, SpaceX will optimize and verify Raptor’s flight design over the course of several hundred seconds of static fire tests, eventually leading into the same practices used for Falcon 9.

 

“This is a stupidly hard problem and SpaceX engineering has done a great job with this design.” In a May 2018 tweet, Musk added that “this engine is something special.” – Elon Musk, 09/17/18

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Prior to being installed on any BFR prototypes, all Raptors will thus go through acceptance testing in Texas, potentially followed by a full-up static fire of the first completed BFR spaceships. Falcon 9 boosters – capable of roughly 7600 kN (1.7 million lbf) of thrust – are routinely tested in McGregor, while a full BFR spaceship with 2017-grade Raptors (1700 kN at sea level) would produce 12,000 kN (2.7 million lbf) of thrust with all Raptors firing. However, due to the sheer difficulty of transporting something 9 meters in diameter by road, it’s more likely that SpaceX will need to build up a dedicated static fire and hop test facility near the coast of Texas, at a spot called Boca Chica.

Getting to hop tests

As it turns out, massive propellant storage tanks (vacuum insulated) have already begun arriving at SpaceX’s Boca Chica facilities, currently dedicated to a duo of tracking and communications radars to be used for Crew Dragon communications. Over the course of the next 12 or so months, SpaceX is thus likely to expand and develop its Boca Chica facilities, culminating – if all goes well – sometime late next year with the first shipment of a prototype BFR spaceship from Port of Los Angeles, through the Panama Canal, to Port of Brownsville, Texas.

“I’m really excited about this engine design, I think the SpaceX propulsion team has done an amazing job – the SpaceX structures and aero team has done a phenomenal job in the design of this.”

“Even others in the aerospace industry don’t know what question to ask – once we could frame the question [with precision], the answers [for Raptor and BFR R&D] flowed.” – Elon Musk, 09/17/18

A gif of Raptor throttling over the course of a 90+ second static-fire test in McGregor, Texas. (SpaceX)

SpaceX has already completed the first composite segment (both a section of the fuselage and of a propellant tank) of the first BFR spaceship prototype, and Musk further stated that BFR’s structural engineers and technicians would begin fabricating the spaceship prototype’s propellant tank domes and engine section “soon”. A vast amount of work remains to be completed before that prototype will begin to look anything like an actual spaceship, and the exact fidelity SpaceX is hoping to achieve with it is unclear.

If the company tries to get as close as possible to a finished product (within reason, of course) before beginning propulsive hop tests in Texas, a very late-2019 debut of that test campaign could be a practical goal. It’s not a perfect comparison, but Falcon 9 is perhaps the best prior example of SpaceX’s speed of development, moving from structural fabrication and testing (albeit with Falcon 5 in mind) in 2006 and 2007 to a full-up orbital launch of the first Falcon 9 in mid-2010, with milestones like the first static fire of a booster octaweb and nine Merlin 1C engines 6-12 months prior.

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Eric Ralph is Teslarati's senior spaceflight reporter and has been covering the industry in some capacity for almost half a decade, largely spurred in 2016 by a trip to Mexico to watch Elon Musk reveal SpaceX's plans for Mars in person. Aside from spreading interest and excitement about spaceflight far and wide, his primary goal is to cover humanity's ongoing efforts to expand beyond Earth to the Moon, Mars, and elsewhere.

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Investor's Corner

SpaceX reports beat in first earnings while minimizing losses

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Credit: SpaceX | X

SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.

After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.

Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.

SpaceX to report first-ever earnings today: here’s what to expect

Earnings Results

  • Revenues: $7.8 billion reported vs. $6.7 billion expected
  • Adjusted EBITDA: $3.5 billion vs. $2 billion expected
  • Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion

Additionally, CFO Bret Johnsen had these comments:

“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”

Space Business Highlights

SpaceX shared some of its biggest Space Business Highlights for Q2:

  • Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
  • Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
  • Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
  • Starship V3 development continued to advance towards full and rapid reusability:
    • Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
    • Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield

SpaceX will report its earnings today at 4:30 P.M. EDT.

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Elon Musk sends second warning to SpaceX shorts ahead of first earnings

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Credit: Grok Imagine

Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …

The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.

This marks the second such message from Musk in under three weeks.

On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.

Elon Musk sends first warning to SpaceX short sellers

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Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.

SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.

Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.

As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.

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Tesla’s AI lead doubles down on FSD’s speed strategy, and owners are confused

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Credit: Tesla

Tesla’s AI lead Ashok Elluswamy doubled down on the company’s strategy regarding Full Self-Driving’s speed settings, and owners are definitely confused.

Earlier versions of Full Self-Driving allowed owners to set a max speed that the vehicle could travel while operating under the semi-autonomous driver assistance platform. This allowed more customization for the driver, giving them the ability to experience FSD’s robust performance with their own personal preferences.

Speed is massively important for obvious reasons — it’s not only a question of keeping the vehicle occupants comfortable by traveling at a safe speed, but it’s also something that could contribute to a ticket or infraction from law enforcement.

With the release of FSD v14 last year, Tesla removed the ability to set a max speed and instead opted for five Speed Profiles, ranging from “Sloth,” the most conservative, to “Mad Max,” the most aggressive and spirited. These profiles not only control speed, but also how frequently the vehicle will execute passes, perform lane changes, and other contributing factors.

The removal of the Max Speed setting was a major complaint amongst the Tesla community because it left owners scrambling for a way to experience suitable behaviors while traveling at an appropriate speed. Most felt the driving profiles would be a good indicator of the behaviors, while speed would still be left up to the discretion of the driver.

Instead, Tesla’s Speed Profiles determine both, and the constant tinkering of how they behave has been a major bottleneck and point of confusion for both owners and the company. From update to update, the Speed Profiles will change, sometimes more drastically than others. Some owners have complained that the “Standard” profile is too fast, while others have experienced “Mad Max” traveling below the speed limit:

These things change with each update, but the big complaint is that owners are on the hook for any tickets that come from FSD’s infractions; that’s the caveat of the suite being named FSD (Supervised). It ultimately means the driver is responsible, and the automaker has no liability when it comes to speeding tickets or general traffic infractions.

It is the driver’s responsibility to take over or adjust based on this.

Elluswamy essentially confirmed that there are no plans to bring back Max Speed control, because it is what he referred to as “an anti pattern.” He then echoed something that CEO Elon Musk has started to really push with FSD, and that’s the idea that Tesla is really honing in on the preferences of the driver.

Owners were confused by Tesla’s decision, stating that there must be a better way, especially considering disengagements for incorrect speeds are common:

From personal experience and using FSD for over 72 percent of my driving miles since v14 was released late last year, I make Speed Profile adjustments constantly. If FSD is traveling a tad too quickly, I will scale it back, and if it’s too conservative, I’ll make it more aggressive.

I don’t complain about making the Speed Profile changes too frequently, but it would certainly be nice to have it happen less frequently. There are far too many times I am concerned about getting a ticket, even in Standard mode.

The biggest issue for me, personally, which seems to be echoed throughout the community, is the fact that Tesla’s goal is to minimize disengagements. Many drivers are stating that speed is a major reason for disengagements.

However, Tesla is not willing to bring back this one level of input because it would technically be a regression.

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Whether it’s right or wrong in your opinion, it is what Tesla is going with, and it seems like it has pivoted quite a bit from its other strategies for minimizing interventions by pushing its AI to behave in a way that would fit the occupant’s personal preferences.

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