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SpaceX CEO Elon Musk posts uncut Raptor, drone videos of Starhopper’s flight test debut
Some two hours after Starhopper’s inaugural untethered flight, SpaceX CEO Elon Musk took to Twitter to post an uncut video showing the ungainly rocket’s launch and landing from the perspective of both a drone and Starhopper’s lone Raptor engine.
As noted by commenters, Starhopper’s first flight also marks perhaps an even more fascinating milestone: it’s technically the first launch ever of a full-flow staged-combustion (FFSC) rocket engine. Whether or not the development hell Raptor required is or was worth it to SpaceX, the company has become the first and only entity on Earth to develop and fly a FFSC engine, beating out the national space agencies of both the United States and Soviet Union, both of which built – but never flew – prototypes.
Instead of inexplicably shelving a mature prototype development and test program, SpaceX iterated through several subscale Raptor prototypes, test-fired the engines for more than 1200 seconds total, used that data to design and build full-scale Raptors, and finally sped into a hardware-rich test campaign with six (soon to be seven) new engines. After SpaceX settled on a full-flow staged-combustion cycle and methane/oxygen (methalox) propellant, Raptor conducted its first full-scale tests all the way back in 2014, performing preburner flow and ignition tests at NASA’s Stennis Space Center.
Two years and many additional subcomponent tests later, SpaceX successfully performed the inaugural static fire test of its first completed subscale Raptor, a huge milestone for any rocket engine. In the 12 months following its first static fire (September 2016), SpaceX performed dozens of static fire tests with several subscale engines, putting the new propulsion system through >1200 seconds of combined testing.
A year after that, SpaceX was still testing subscale engines but the first full-scale Raptor engine was just a few months away from completing assembly in Hawthorne and heading to McGregor to kick off full-scale static fire testing. Indeed, four months after CEO Elon Musk’s September 2018 update, Raptor serial number 01 (SN01) shipped to Texas in late January and successfully ignited for the first time on February 3rd. SpaceX’s finalized full-scale Raptor engine is designed to produce more than 2000 kN (450,000 lbf, 200 tons) of thrust at full-throttle.
Since that inaugural ignition, SpaceX’s propulsion team – perhaps to their detriment, under orders from Musk – pushed SN01 and several of its successors to their limits as quickly as possible, resulting in severe, irreparable damage in several cases. On the other hand, the no-holds-barred, ‘hardware-rich’ (i.e. destructive) test program has allowed SpaceX to relatively quickly solve several major bugs that prevented the engine from passing longer test fires.
Raptor SN05 was originally expected to support Starhopper’s first flight(s) but had to be passed up after suffering damage in one of its final June 2019 acceptance tests. Raptor SN06 became the first engine – likely thanks to tweaks afforded by data gathered from its failed brethren – to pass all of those acceptance tests, leading to its eventual installation on Starhopper in early July.
Raptor’s impressive development culminated on July 25th with the engine’s first untethered flight while attached to Starhopper, a 9m-diameter (30 ft) low-fidelity prototype that is more or less a mobile test stand for the next-generation SpaceX engine. Raptor is now the only FFSC engine in history that has powered a flight-capable vehicle’s launch and landing, even if said flight featured an apogee of just 20-30 meters (65-100 ft).
“In full-flow staged combustion (FFSC), even more complexity is added as all propellant that touches the engine must necessarily end up traveling through the main combustion chamber to eke every last ounce of thrust out of the finite propellant a rocket lifts off with. As such, FFSC engines can be about as efficient as the laws of physics allow any given chemical rocket engine to be, at the cost of exceptional complexity and brutally difficult development.“
SpaceX delays Starhopper’s first flight a few days despite Raptor preburner test success
For more on what exactly makes full-flow staged-combustion engines uniquely capable and challenging to develop, the subject has been covered at length in past Teslarati articles.
According to Musk, the next major challenge facing Starhopper and (presumably) Raptor SN06 is far more ambitious 200-meter (650 ft) hop and flight test that could happen as soon as the first half of August.
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Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
