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SpaceX’s second flight-proven Starship makes way for next ‘test tank’
Four days after the rocket’s hop debut, SpaceX has safely returned its second flight-proven Starship prototype to an assembly building for refurbishment, making way for a new ‘test tank’ at the launch pad.
Known as Starship serial number six (SN6), the ~30m (~100 ft) tall prototype became the second full-scale Starship to take flight on September 3rd, following in SN5’s footsteps to reach a similar ~150m (~500 ft) apogee before gently landing. More or less identical to SN5’s own August 4th hop debut, it marked the second hop of an entirely separate Starship prototype in 30 days – a feat almost certainly unprecedented in the history of large-scale rocket development.
Significant work remains to speed up the post-hop process, which appears to currently amount to some ~48 hours of gradual, uncontrolled detanking and depressurization. Regardless, a bit least than four days after a successful launch and landing, Starship SN6 was rolled back to SpaceX’s Boca Chica, Texas production facilities around 9am CDT, September 7th. Just five hours after that, Starship test tank SN7.1 – the second in a planned series of two – was loaded onto the same transporter and shipped down the road to the launch pad.
Since its first hop, over the last 30 days, SpaceX has inspected and refurbished Starship SN5 to help support what CEO Elon Musk has described as “several short hops to smooth out [the] launch process.” SN6’s success (and the intact launch infrastructure it thus left behind) now means that SN5 will almost certainly be reused in the near future. It’s unclear how many hops will be needed for Starship launch operations to be optimized into a smooth process but 4+ (2 x SN5, 2 x SN6) seems to be a safe bet.
However, SN5’s second hop will have to wait. Up next on SpaceX’s South Texas manifest is the fifth in a series of intentionally destructive tank tests, used to qualify (or disqualify) new Starship designs, manufacturing techniques, and materials. Known as Starship SN7.1, this particular test tank is the second in a series of two meant to determine the capabilities of a new steel alloy.
The first tank, SN7, was (successfully) tested to destruction on June 23rd and is believed to have reached record pressures before it failed. Perhaps more importantly, an unintentional leak during one of SN7’s first pressure test attempts proved that the new 304L (-ish) steel alloy it was built out of would make certain failure modes far less catastrophic (i.e. a leak instead of a violent rupture).
SN7 was a single basic test tank: an upper dome, lower dome, and three steel rings. SN7.1 is significantly more complex, adding a skirt section with hold-down clamps at the base and replacing the aft tank dome with a thrust dome and thrust puck (Raptor engine attachment points). SN7 was simply loaded with cryogenic liquid nitrogen and pressurized. SN7.1 – thanks to the addition of a thrust puck and skirt section – will perform similar cryo pressure tests but will also be subject to the simulated thrust of three Raptor engines with a series of hydraulic rams.
As of now, SpaceX has road closures scheduled today and tomorrow (Sept 8th) from 8am to 8pm CDT – tomorrow likely being the earliest opportunity for SN7.1 testing to begin.
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Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
