News
SpaceX rolls naked Starship prototype to test site
SpaceX has rolled a strange, naked Starship prototype from its Starbase, Texas factory to a nearby test site.
Beginning with its cone-tipped nose section, SpaceX started stacking Starship S26 in October 2022. By early January 2023, the prototype had been stacked to its full 50-meter (~165 ft) height and welded together. After about six more weeks of outfitting, Ship 26 left Starbase’s High Bay assembly facility and was transported to one of two stands formerly used for suborbital Starship test flights.
SpaceX lifted Ship 26 onto Suborbital Pad A on the morning of February 12th. Just a few hundred feet to the left, Starship prototype S25 watched from Suborbital Pad B while waiting for the start of its Raptor engine test campaign. Ship 26 is four months younger than Ship 25 and rolled out without Raptors installed, as it still needs to pass several simpler tests. That’s far from the only difference between the Starships.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Starbullet
Aside from a range of smaller design changes, Ship 26 has three main differences relative to most prior Starships. First, it has zero heat shield tiles. Since the 2020-2021 period of suborbital Starship flight testing, all finished ships (S20, S21, S22, S24, S25) have been fitted with ~10,000 black, ceramic heat shield tiles. Eventually, those tiles will (theoretically) protect Starships from the intense heat created by reentering Earth’s atmosphere at orbital velocity.
Ship 26 also has no flaps. Since SpaceX first fully assembled a Starship in October 2020, every ship the company has completed (SN8, SN9, SN10, SN11, SN15, SN16, S20, S21, S22, S24, S25) has had four large flaps and form-fitting ‘aerocovers’ installed. Starships need flaps to steer and orient themselves during orbital reentries. They also need flaps to control themselves during exotic landing maneuvers, which require ships to free-fall belly-down (like a human skydiver) and aggressively flip into a vertical orientation for propulsive landings.
Finally, and most confusingly, Ship 26 has no payload bay of any kind. The end result is a smooth, featureless Starship that looks like a steel bullet, can’t return to Earth, and can’t deploy satellites. Combined, the fact it exists at all almost seems like an elaborate, multi-month mistake. But SpaceX clearly intended to build Ship 26 and is now preparing to qualify it for flight.
Depot, Moon lander, or something else?
In simpler terms, Ship 26 is an intentionally expendable Starship with no way to launch satellites. That raises the obvious question: why does it exist? There are a few obvious possibilities. SpaceX is developing at least four types of Starships. The Crew and Tanker Ships will have heat shields and flaps. The Starship Moon lander will have no flaps or heat shield and will be painted white and insulated. A Depot Ship with stretched tanks will stay in orbit permanently and store propellant for in-space refilling.
Based on low-resolution renders, the bullet-like Depot Ship is the most reminiscent of Ship 26. However, there’s no evidence that Ship 26 has “exterior optical properties [optimized] for long duration [propellant storage].” The prototype also lacks any of the hardware likely needed for docking or propellant transfer and has propellant tanks that are the same size as past ships. To survive in orbit for days or weeks, it would need some kind of power source – typically solar arrays – that isn’t present. And even if an expendable Starship like S26 can already achieve SpaceX’s reported target of 250 tons (~550,000 lb) to low Earth orbit, 250 tons is only a fifth of a full propellant load.
Ship 26 could also be used for miscellaneous systems testing or a longevity demonstration in orbit. However, it’s unclear why SpaceX couldn’t simply do that with Ship 24 and Ship 25. Both have had their payload bays permanently sealed, meaning that they are only useful as test articles. The same is true for a tank-to-tank propellant transfer test SpaceX received a NASA contract to conduct in 2020. During that test, Starship will transfer “10 metric tons” of cryogenic liquid oxygen (LOx) between its main LOx tank and a smaller header LOx tank used to store landing propellant. But all Starships built to date have header tanks and could be used for the same test.
Ship 26 could exist primarily to demonstrate that a Starship with no flaps or heat shield tiles is aerodynamically stable during launch. However, expending an entire Starship for what amounts to wind tunnel testing would be extravagant.
Preparing for flight
Regardless, Ship 26 is clearly destined for more than the scrapyard. The bullet-like prototype was installed on Suborbital Pad A, which SpaceX has modified for cryogenic proofing and structural testing. While coordinating with Ship 25, which needs to conduct static fire tests, Ship 26 will be pressurized and loaded with liquid nitrogen, liquid oxygen, or both to safely simulate the thermal and mechanical loads it will experience when filled with propellant. The stand is fitted with hydraulic rams that can simultaneously simulate the thrust of six Raptor engines (1380 tons / 3M lbf).
If it passes those tests, SpaceX will presumably return Ship 26 to the Starbase factory for Raptor installation. Strangely, the smooth Starship isn’t alone. It appears that Ship 27 will be more or less identical, with no heat shield or flaps. However, there’s evidence that Ship 27 will have the first working payload bay on a Starship and could be used to deploy full-size Starlink V2 satellites in addition to any other testing SpaceX wants to use it for.
The most exotic (and unlikeliest) explanation for Ship 26 and Ship 27 is that the pair is meant to support SpaceX’s first Starship docking and propellant transfer test. In October 2022, a NASA official indicated that SpaceX’s second Starship test flight would be a “Starship-to-Starship propellant transfer.”
For now, SpaceX’s priority is preparing Ship 24 and Super Heavy Booster 7 for Starship’s first orbital launch attempt, followed by preparing Ship 25 and Booster 9 for the second orbital test flight. Until then, Ship 26 and Ship 27 will likely remain a bit of a mystery.
News
Tesla ‘Killer’ heads to the graveyard as AFEELA taps out
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
There have been many Tesla “Killers” over the years, all of which have either failed to dethrone the automaker from its dominance in the United States, or even make it to the market altogether.
The Sony Honda Mobility (SHM) project, known as AFEELA, is the latest to make it to the grave, as the company announced its intentions to abandon the project earlier this week, Bloomberg reported.
SHM has officially discontinued development of its highly anticipated AFEELA electric vehicles. On March 25, the joint venture between Sony and Honda announced it would halt the AFEELA 1 luxury sedan and a planned SUV model.
đźš— Tesla Killers Graveyard:
Sony-Honda AFEELA
The sleek, AI-packed luxury sedan with PlayStation integration. Officially cancelled in March 2026 after Honda scaled back its EV plans.Fisker Ocean
Stylish SUV with solar roof promises. Company filed for bankruptcy in 2024 amid… https://t.co/Om14UhISOy— TESLARATI (@Teslarati) March 26, 2026
The decision follows Honda’s March 12 reassessment of its electrification strategy, which scrapped several upcoming EV programs amid slowing demand, high costs, and shifting market conditions.
SHM stated that it could no longer rely on key Honda technologies and manufacturing assets, leaving “no viable path forward.” Reservation fees for early buyers in California are being fully refunded, and the joint venture’s future is now under review.
Launched with fanfare in 2022, the AFEELA was positioned as a tech-forward premium EV blending Honda’s engineering reliability with Sony’s entertainment and AI expertise.
Prototypes featured advanced autonomous driving systems, immersive in-cabin displays, and even PlayStation integration, earning it early media labels as a potential “Tesla Killer.”
Priced around $90,000, the sedan was slated for limited production at Honda’s Ohio plant with deliveries targeted for late 2026. Industry watchers saw it as a serious challenger to Tesla’s dominance in software, connectivity, and premium appeal.
Yet, like many ambitious EV projects, it fell victim to broader industry headwinds: softening consumer demand, persistent high interest rates, and intense competition from established players.
The AFEELA joins a long list of vehicles once hyped as “Tesla Killers” that failed to deliver. In the late 2010s, Fisker’s second act, the Ocean SUV, promised stylish design and solid-state battery tech but collapsed into bankruptcy in 2024 after production delays, quality issues, and financial shortfalls.
Faraday Future poured billions into the FF 91 luxury sedan, touting it as a hyper-tech rival with unmatched performance and features; the company delivered fewer than 100 vehicles before fading into obscurity.
Lordstown Motors’ Endurance electric pickup generated massive pre-order buzz and Wall Street excitement but imploded after exaggerated range claims, a factory sale, and eventual bankruptcy.
Even Lucid Motors’ Air sedan, frequently called a Tesla slayer for its superior range and luxury, has struggled with sluggish sales and missed growth targets despite strong reviews.
Rivian’s R1T and R1S trucks enjoyed similar early acclaim and a blockbuster IPO, yet production ramp-up challenges and profitability woes have prevented it from dethroning Tesla.
The AFEELA’s quiet demise underscores a harsh reality in the EV sector. While Tesla’s first-mover advantage in software, charging infrastructure, and brand loyalty remains formidable, legacy automakers and tech newcomers alike continue to underestimate the complexities of scaling affordable, desirable electric vehicles.
As market realities force tough choices, the graveyard of “Tesla Killers” grows longer, another reminder that innovation alone is rarely enough to topple an established leader.
Elon Musk
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
Time Magazine honors Gwynne Shotwell as SpaceX reaches a $1.25 trillion valuation and eyes its IPO.
TIME Magazine has put SpaceX President and COO Gwynne Shotwell on its cover, and the timing could not be more fitting. Published today, the profile of Shotwell arrives at a moment when the company she has quietly run for more than two decades stands at the center of the most consequential developments in aerospace, artificial intelligence, and the future of human civilization.
Shotwell joined SpaceX in 2002 as its seventh employee and has never stopped expanding her role. She oversees day-to-day operations across multiple executive teams spanning Falcon, Starlink, Starship, and now xAI following SpaceX’s February 2026 merger with Elon Musk’s artificial intelligence company, a deal that made SpaceX the world’s most valuable private company at a reported valuation of $1.25 trillion. A highly anticipated IPO is expected in the second quarter of 2026.
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Her track record is historic. She oversaw the first landing of an orbital rocket’s first stage, the first reuse and re-landing of an orbital booster, and the first private crewed launch to Earth orbit in May 2020. She built the Falcon launch manifest from nothing to more than 170 contracted missions representing over $20 billion in business. Under her operational leadership, SpaceX completed 96 successful missions in 2023 alone and has now flown more than 20 crewed Falcon 9 missions. Starlink, which she championed as a financial pillar of the company long before it was a mainstream topic, now connects tens of millions of users worldwide and provided a critical communications lifeline to Ukraine following the 2022 invasion.
Elon Musk has never been shy about what Shotwell means to him and to SpaceX. When she shared her vision for worldwide internet connectivity through Starlink, Musk responded on X with a simple statement, “Gwynne is awesome.” It is a sentiment that has been echoed across the industry. NASA Administrator Bill Nelson once said of Musk: “One of the most important decisions he made, as a matter of fact, is he picked a president named Gwynne Shotwell. She runs SpaceX. She is excellent.”
Gwynne is awesome https://t.co/tiXtMWJmPE
— Elon Musk (@elonmusk) September 28, 2024
Now, with Starship targeting its first crewed lunar landing under the Artemis program by 2028, an xAI integration underway, and a pending IPO that could reshape capital markets, Shotwell’s mandate has never been larger. She told Time that 18 Starships are already in various stages of construction at Starbase. “By 2028,” she said, gesturing across the factory floor, “these should be long gone. They better have flown by then.” If Shotwell’s history at SpaceX is any guide, they will.
Elon Musk
SpaceX’s IPO might arrive sooner than you think
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
Elon Musk’s SpaceX is on the verge of one of the most anticipated Initial Public Offerings (IPO) in history.
However, a new report from The Information indicates the rocket and satellite giant is aiming to file its IPO prospectus with U.S. regulators as soon as this week, or early next week at the latest.
People familiar with the plans told The Information that advisers involved in the process expect the IPO could raise more than 75 billion dollars, potentially making it the largest stock market debut ever and eclipsing Saudi Aramco’s 29.4 billion dollar offering in 2019.
The filing would mark the formal start of what has long been rumored: SpaceX’s transition from a closely held private powerhouse to a publicly traded company.
The timing aligns with earlier signals.
In late February, Bloomberg reported that SpaceX was targeting a confidential IPO filing in March and a possible public listing in June, with a valuation north of 1.75 trillion dollars. At the time, the company’s private valuation hovered around 1.25 trillion dollars.
SpaceX considering confidential IPO filing this March: report
Starlink, SpaceX’s satellite internet constellation, has been the primary driver of that surge, now serving millions of customers worldwide and generating steady revenue. Recent Starship test flights and a record pace of Falcon launches have further bolstered investor confidence.
Musk has hinted for years that an eventual public offering was inevitable, though he has stressed the need to maintain operational focus. Insiders have told outlets that the CEO is pushing for a significant retail investor allocation, reportedly more than 20 percent of shares, and tighter lock-up periods to limit early selling pressure.
A June listing would give SpaceX immediate access to public capital markets at a moment when demand for space-related stocks remains high. It would also allow early employees and long-time investors to cash out portions of their stakes while giving everyday shareholders a chance to own a piece of the company behind reusable rockets, global broadband, and NASA contracts.
Of course, nothing is certain until the SEC filing appears. Market conditions, regulatory reviews, and Musk’s own schedule could still shift timelines.
Yet the latest word from The Information suggests the window has opened. If the filing lands this week, SpaceX’s roadshow could begin in earnest within weeks, setting the stage for what many analysts already call the IPO of the decade.
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Tesla ‘Killer’ heads to the graveyard as AFEELA taps out
TIME honors SpaceX’s Gwynne Shotwell: From employee No. 7 to world’s most valuable company
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