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A SpaceX Starship rocket could take to the sky for the first time later this week
SpaceX has scrubbed its latest Starship static fire test for the third time since Friday but if another attempt succeeds within the next few days, a full-scale Starship prototype could lift off for the first time later this week.
SpaceX has attempted to perform a Starship static fire every day for the last three days without any luck, foiled by what must be mild technical issues and some extreme South Texas weather. That static fire – set to be Starship serial number 4’s (SN4) third – is required because SpaceX chose to replace the rocket’s installed Raptor engine (SN18) around 10 days ago after completing two successful tests on May 4th and 5th. Installed a few days after SN18 was removed, Starship and Raptor SN20 must now perform their own integrated static fire to ensure the complex systems are working properly.
Since SN4’s last test, SpaceX teams have been swarming the Starship prototype day and night, installing new COPVs (composite overwrapped pressure vessels; used to store high-pressure gas), new plumbing, and more. The specific purposes of all those in-situ changes can only be speculated at but what is clear is that SpaceX is preparing Starship SN4 for the first attempted flight test of a full-scale prototype, following in the footsteps of Starhopper’s bizarre but successful July and August 2019 hops. As SN4’s third Raptor static fire has slipped, though, so has that flight test. While the FAA has yet to officially publish a license for the 150m (~500 ft) Starship hop, NOTAMs (Notices to Airmen) filed recently suggest that that license and hop could come any day now.
Most recently, a NOTAM was filed on May 18th for what is likely Starship’s 150m hop test on Thursday, May 21st. Filed before SN4’s May 18th static fire test was aborted twice, that proposed May 21st hop test will almost certainly be delayed at least as long as the static fire that needs to precede it and is also dependent upon the FAA officially licensing the flight. The fact that NOTAMs are being filed for that flight strongly suggests that SpaceX and the FAA or in the late stages of hammering out a license, a process that can often involve a great deal of back-and-forth and compromise for experimental rocket launches.
Regardless, if or when Starship SN4 finally manages to fire up its new Raptor engine, it could be just a matter of days after that SpaceX attempts the first true Starship flight test. If everything goes according to plan, the ~30m (~100 ft) tall stainless steel rocket will lift off under the power of a single asymmetrically installed Raptor engine, capable of producing up to 200 metric tons (~450,000 lbf) of thrust with cryogenic liquid methane and oxygen propellant.
After lifting off from its ad-hoc South Texas launch mount, Starship SN4 will attempt to reach a peak altitude of 150m (~500 ft) and descend back down for a soft landing on an adjacent concrete pad, just like Starhopper did around nine months ago. A lot could go wrong: aside from using steel more than three times thinner than Starhopper’s, Starship SN4 will also be debuting an entirely new kind of landing leg, will be flying with asymmetric thrust, and will likely be using autogenous pressurization — all new challenges for SpaceX.
Nevertheless, there are also reasons for confidence. SpaceX has already successfully pressurized Starship SN4 all the way to 7.5 bar (~110 psi, sufficient for uncrewed orbital flight), performed multiple wet dress rehearsals and two Raptor static fire tests, and even tested what appears to be a new kind of cold gas thruster needed for roll control. Most importantly, even if Starship SN4 is destroyed during its next static fire or inaugural flight attempt, Starship SN5 is nearly at the same stage of completion and should be ready to take the reins almost immediately after the potential demise of its predecessor. With Crew Dragon’s inaugural NASA astronaut launch scheduled on May 27th, the rest of the month is set to be quite the event.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Elon Musk
SpaceX considering confidential IPO filing this March: report
The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.
SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.
The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter.
As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.
SpaceX did not immediately respond to requests for comment.
A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.
Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.
Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.
At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.
The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
