

News
SpaceX rolls first Starship booster hardware to launch site
While destined to remain on the ground, SpaceX has rolled Starship booster hardware to its Boca Chica, Texas launch pad for the first time.
Back in March, SpaceX completed the process of stacking Super Heavy booster number 1 (BN1), creating what amounted to the largest rocket booster ever assembled. Plans and designs ultimately changed during that several-month process, leading SpaceX to write off the first completed Starship booster structure as a “pathfinder” and scrap it before it could complete a single test. As a result, BN1 never made it to SpaceX’s nearby launch and test facilities and was unceremoniously cut into pieces days later.
Ten weeks after that development, SpaceX is well into the process of stacking its first flightworthy Super Heavy booster (BN2 or BN3) and has officially delivered the first real booster hardware to the launch site for crucial qualification testing.
While only a ‘test tank,’ BN2.1’s arrival at SpaceX’s South Texas launch facilities is an undeniable sign that the company has finally settled on some sort of firm design for Starship’s first-stage booster – at least enough for a custom test article to be worth the time, effort, and money to build and test. BN2.1 is the eighth custom test tank built by SpaceX in the last ~18 months but it’s the first such test article to center around hardware specific to Super Heavy.
Technically, thanks to the fact that Starship and Super Heavy are built out of the exact same steel rings, baffles, and stringers with almost identical production hardware, all past test tanks – and even full Starships – simultaneously mature large portions of Starship’s booster.


Super Heavy requires several unique parts and sections, though. Unlike Starship, which is designed to ultimately have six Raptor engines installed, the ship’s booster will have anywhere from 29 to 32 Raptors and have to withstand almost five times the mechanical stress. That necessitates a drastically different thrust structure for Super Heavy, as well as all additional structural elements to support the 20 Raptor engines – compared to three on Starship – that will mount to the interior wall of its skirt rings.
Beyond Super Heavy’s thrust puck, the booster also requires a much larger transfer tube to feed far more liquid methane through its oxygen tank, a custom dome to connect to that transfer tube, and a custom forward dome and ring section to support four vast grid fins.
BN2.1 is never going to (intentionally) fly and is just a single test tank, which rules out installing actual engines. Now routine, SpaceX’s solution to that challenge of qualifying new hardware without risking catastrophic pad damage has involved building short ‘test tanks’ that are then filled with nonexplosive liquid nitrogen (LN2) and mechanically stressed with hydraulic rams instead of actual engines. Thus far, that process has seemingly been successful time and time again and has helped SpaceX qualify new steel alloys, thinner skin, new welding techniques, and new ‘thrust puck’ designs for Starship.
SpaceX has also tested early full-scale prototypes with the same hydraulic ram systems as a further hedge against quality assurance or fluke design issues that might not have been caught with test tanks. Whether or not BN2.1 is successful, it’s safe to assume that SpaceX will put its first flightworthy Super Heavy booster through a similar thrust puck stress test before attempting wet dress rehearsals or static fires.
Wasting no time at all, SpaceX has already scheduled road closures for what is likely BN2.1’s first round of tests no earlier than (NET) 12pm to 8pm CDT (17:00-03:00 UTC) on Monday, June 7th, with backup windows on the 8th and 9th. Stay tuned to find out if Super Heavy’s thrust puck survives its first nine-engine thrust puck shuck.
Investor's Corner
Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries
The firm reiterated its Overweight rating and $355 price target.

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025.
The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.
On Tesla’s vehicle deliveries in Q3 2025
During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report.
“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.
A bright spot in Tesla Energy
Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.
“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated.
Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.
Elon Musk
Elon Musk’s xAI becomes Memphis’ 2nd largest taxpayer in just one year: report
Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape.

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape. In just twelve months, the company has become the city and county’s second largest taxpayer.
The update was related in a report from The Wall Street Journal.
Memphis’ second-largest taxpayer
xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI’s large language model.
The buildout has injected billions into the region, making xAI one of Memphis’s most significant private investors and a symbol of the city’s high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city’s chamber of commerce, highlighted xAI’s contribution to the city’s economy in a comment to the WSJ.
“In one year, xAI has become the second largest taxpayer in the city and county after FedEx,” he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated “substantial economic commitment to our region, without any tax incentives.”
Not without controversy
Despite the economic boost, xAI’s footprint has drawn scrutiny. The company’s natural-gas-powered turbines are expected to consume a substantial amount of water and electricity. Critics have also expressed worries about pollution and increased utility costs, though others see Musk’s wastewater recycling plans and cleanup initiatives as meaningful offsets.
As per the WSJ, xAI’s positioning in the market may be quite different than what Musk is typically used to, considering that the CEO tends to become a first mover in key industries, such as the EV segment with Tesla and private spaceflight with SpaceX. With xAI, however, he is catching up to competitors, the most notable of which is a company he co-founded, OpenAI, and its ubiquitous large language model, ChatGPT.
News
Tesla all but confirms that affordable Model Y is coming Tuesday
It does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.

Tesla has released a cryptic teaser of a product that would be announced on Tuesday, October 7, 2025. Based on the company’s hint, it does appear that the product would be the affordable Model Y that has been spotted doing road tests across the country over the past months.
Affordable Model Y sightings
Last week, news emerged that a number of key Tesla influencers visited Gigafactory Texas for a private event. These included veteran Tesla YouTubers, car reviewers, influencers on X, and even a teardown expert who provided the initial insights on how to improve the original Model 3 sedan. At the same time, an uncovered unit of the apparent affordable Model Y was posted online. The vehicle was reportedly sighted close to Giga Texas.
The new Model Y variant had some notable changes from the standard Model Y. Its fascia seemed inspired by the Model 3 sedan instead of the Cybertruck, and its roof seemed blacked out. Overall, it looked like a simpler Model Y designed to be offered at an affordable price.
The weekend teasers
Teasers about an upcoming product were posted by Tesla’s official account on social media platform X, though the electric vehicle maker made it a point to keep things very vague. Initially, a closeup video of what appeared to be an aero wheel was posted, though it was vague enough that some speculated that it could be Elon Musk’s long-announced HVAC system instead.
On Sunday, another teaser video was posted featuring the headlights of a new car. This brought speculations that the new Roadster might finally be announced. Inasmuch as a new Roadster unveiling would be exciting, however, it was evident that the headlights in the new teaser were a match to the uncovered affordable Model Y unit that was spotted close to Giga Texas a few days ago. With this in mind, it does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.
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