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SpaceX rolls out first new Starship prototype in nine months
For the first time in more than nine months, SpaceX has rolled a new Starship prototype to its Starbase, Texas launch facilities in the hopes of kicking off qualification testing in the near future.
The new activity exemplifies just how different – and more subdued – Starbase’s last year has been compared to the year prior. However, it also signals new hope for a significantly more eventful 2022 as SpaceX once again finds itself preparing for Starship’s first orbital launch attempt – albeit with an entirely different rocket.
The last time SpaceX rolled a new and functional Starship prototype from the factory to the test stand was on August 13th, 2021, when Starship S20 was transported back to the pad for the second time that month. On August 5th, the same unfinished Starship was stacked on top of Super Heavy booster B4, briefly assembling the largest rocket ever built. With the luxury of hindsight, it’s now clear that that particular milestone was more of a photo-op than a technical achievement. Nonetheless, Ship 20’s path was far more productive than Booster 4’s. The Starship returned to the Starbase factory for a few days of finishing touches before arriving back at the pad on August 13th. Only in the last week of September did Ship 20 finally begin its first significant tests, followed by its first Raptor static fire in mid-October. In mid-November, Ship 20 completed the first of several successful six-Raptor static fires.
Ultimately, by the time Ship 20 was retired in May 2022, the Starship was arguably fully ready to attempt to reach orbit or at least perform some kind of ambitious hypersonic test flight. However, Super Heavy Booster 4 never made it even a fraction of the way to a similar level of flight readiness and SpaceX never received the FAA environmental approval or launch license needed for an orbital launch attempt.
Only now, in May 2022, does it finally look likely that SpaceX will finally receive the necessary permissions for a limited orbital test flight campaign in the near future. While it’s hard to say if Booster 4 and Ship 20 could have supported some kind of launch campaign if permission had been granted months ago, what’s clear is that all aspects – flight hardware, pad hardware, and bureaucracy – have been chronically delayed to the point that Booster 4 and Ship 20 are now heavily outdated.
In their place, now, stand Super Heavy B7 and Starship S24 – the new ‘chosen ones’ assigned to Starship’s orbital launch debut. Both feature extensive design changes and account for an upgraded version of the Raptor engine and countless lessons learned over the better part of a year spent troubleshooting and testing their predecessors. While it did get off to a rocky start, Booster 7 has already completed several cryogenic proof tests and is in the middle of being outfitted with 33 new Raptor engines.
On the other hand, perhaps indicating SpaceX’s satisfaction with Ship 20’s performance, Starship S24 has been on the back burner in comparison. Only on May 26th, 2022 did SpaceX finally finish the prototype to the point that it was ready to begin qualification testing. Missing hundreds of TPS tiles and an aerocover cap, Ship 24 was quickly moved into position at a sort of drive-by test stand where it appears the prototype will first need to pass basic pressure and cryogenic proof tests.
If it passes those tests, SpaceX will then install Ship 24 on a suborbital launch and test stand (Suborbital Pad A) that has been significantly modified for qualification testing. Rather than leaping straight into static fires, SpaceX will minimize the risk of catastrophic failure by first using hydraulic rams to simulate the thrust of six Raptor V2 engines while Starship’s steel tanks and plumbing are chilled to cryogenic temperatures. Only after Ship 24 completes stress testing will SpaceX install new Raptor engines and prepare to replicate Ship 20’s success with several static fires.
Thanks to Raptor V2’s improvements, Ship 24 will likely need to withstand around 1400 tons (~3.1M lbf) of thrust at liftoff – almost 25% more than Ship 20 ever experienced. Beyond a sturdier thrust section, Ship 24 is also the first Starship SpaceX has outfitted with a next-generation nose; the first with a significant landing propellant (‘header’) tank redesign; and the first with a potentially functional payload bay and door.
Assuming Ship 24 passes all planned cryoproof and thrust simulation tests, it remains to be seen if SpaceX will return the Starship to Starbase factory facilities or – like with Ship 20 – install Raptors and finish its heat shield and thermal protection while sitting on the test stand. SpaceX has two test windows currently scheduled: one from 6am to 12pm CDT on Friday, May 27th and the other from 10am to 10pm CDT on Tuesday, May 31st.
Elon Musk
Elon Musk calls Earth’s data centers “peanuts” next to what SpaceX is planning in orbit
Elon Musk says SpaceX capex efficiency is underestimated as orbital data centers loom by 2028.
Elon Musk is pushing back on one of the biggest worries hanging over SpaceX stock. In a reply on X on Sunday, Musk said the company’s capital expenditure efficiency is severely underestimated. He was responding to a Milk Road Stocks post citing analyst Kyle Reidhead, who estimates SpaceX will need to spend roughly $470 billion over the next five quarters.
Reidhead built that figure around the target SpaceX set on its third quarter earnings call: 13 gigawatts or more of compute by the end of 2027. In his breakdown, Nvidia captures 83 to 89 percent of the spending. SpaceX ended the quarter with 1.7 GW of nameplate compute and guided to $35 billion to $40 billion in fourth quarter capex, as Teslarati reported.
Musk did not attach a number to his claim, but the earnings call shows the argument. CFO Bret Johnsen said new compute currently pays for itself in under a year at today’s pricing, and Musk said that window could shrink to six months next year. Using that pace, Reidhead argues about $230 billion of the $470 billion could come from operating cash flow and about $60 billion from SpaceX’s roughly $90 billion cash pile, leaving around $180 billion to borrow. Musk confirmed last week that SpaceX had already closed a new $40 billion debt raise to buy GPUs.
The ground buildout is not the end goal. It is what is meant to pay for the move to orbit. Replying on Friday to charts built from Sequoia partner Shaun Maguire’s SpaceX model, Musk wrote that “Terrestrial compute will be peanuts compared to orbital compute,” adding that orbital compute deployed per month “probably exceeds terrestrial around the end of 2028 and then far exceeds it in 2029.”
Maguire’s model shows how steep that path is. It has capex climbing from $88 billion this year to $290 billion in 2027 and $369 billion in 2028, with SpaceX burning $77.8 billion in cash this year and $122.6 billion next year before turning $114.9 billion cash positive in 2028. Musk’s response to the model was, “I think we can do better.”
The orbital half runs through Starmind. SpaceX plans to operate up to 1 million AI satellites flying in clusters of about 10, linked by roughly 10 terabits of bandwidth, with deployment of thousands of units starting as soon as late 2027 out of its Gigasat factory in Bastrop, Texas, according to SpaceX’s space safety page. Musk has said each Starmind spacecraft will carry more than 250 kW of solar power.
Getting there depends on launch volume. Maguire’s model assumes 250 Starship flights in 2028, up from two this year and 38 next year. The nearer test is financial: SpaceX guided to $33 billion to $37 billion in first quarter 2027 revenue, more than double the $14.58 billion it booked in Q3, and Musk reposted that guidance again on Sunday morning.
Elon Musk
SpaceX President to gift Trump Accounts her SpaceX stock
Gwynne Shotwell’s 2 million SpaceX shares are headed to children’s Trump Accounts starting this December.
SpaceX President Gwynne Shotwell said Friday that more than 2 million SpaceX shares belonging to her and her husband, Robert, will be distributed to children’s Trump Accounts in December, turning a pledge she made over the summer into an actual transfer. “Robert and I are thrilled that our gift of over 2 million shares of SpaceX stock will be distributed to children’s Trump accounts in December!” Shotwell wrote on X, adding that the shares are “transferring to escrow as we speak.”
The first round goes to children aged 11 to 17 who live in ZIP codes where the median family income is $57,000 or less, along with kids in ZIP codes with too few residents for the Census to report that figure. Shotwell said those families should receive a notice by Monday, Reuters reported.
A second gift is expected to be finalized in the next few weeks. That round will cover eligible children in military families serving overseas, children in foster care, and more kids in Texas counties near the Shotwells’ home where median family income is $90,000 or less. Elon Musk replied to the announcement with “Cool” and a heart emoji.
Shotwell first announced the donation on July 6, less than a month after SpaceX priced its record IPO at $135 per share on the Nasdaq. IPO filings showed Shotwell owned about 12.6 million SpaceX shares, Quartz reported at the time, which makes the gift roughly one sixth of her stake. At the roughly $146 per share used to value Musk’s own pledge earlier this month, 2 million shares are worth about $290 million.
How the stock would actually reach the accounts had been an open question since July. Treasury guidance acknowledged that stock donations could flow into Trump Accounts, but it did not explain the mechanics for a program whose contributions default into an S&P 500 index fund. Shotwell thanked the Treasury, the IRS, the Dell Foundation, Greater Horizons, Invest America and the law firms Morgan Lewis and Gibson Dunn for “working over the past few months to make this happen.”
The transfer also works as a dry run for a far larger gift. On October 19, Musk said he would give one of his SpaceX shares to every kid in America next year and called it “the first of many.” With roughly 72 million children in the country, that pledge is worth about $10.5 billion. President Donald Trump thanked Musk the same day and said the shares would go through Trump Accounts, though neither SpaceX nor the Treasury has published how or when that distribution will happen.
Shotwell’s recipients also fill a gap in the program itself. Trump Accounts launched on July 4, and the $1,000 Treasury deposit only goes to babies born between 2025 and 2028. Teenagers aged 11 to 17 receive no government seed money, so for many of the families getting a notice on Monday, SpaceX stock will be the first asset in the account. The accounts convert into retirement accounts when the child turns 18.
Tesla Full Self-Driving is now the centerpiece of the company’s newly revised Referral Program, which launched on October 29.
Instead of referring people to purchase vehicles and the referrer receiving $250 in Tesla Credit, the new program now incentivizes Full Self-Driving subscriptions.
If a Tesla owner is on an FSD trial and uses a referral code to subscribe to Full Self-Driving, the person whose Referral Link was used will receive one month of FSD (Supervised). Their code can be utilized 12 times per year, with January 1 marking the reset date.
Realistically, this means that if your Referral Code is used by 12 Tesla owners on an FSD trial, you will receive a full year of FSD for free.
🚨 Here is Tesla’s new Referral Program for Full Self-Driving (Supervised):
When someone subscribes to FSD using your link, you’ll get a month free. Up to a year of FSD is available to you for free!
If you’d like to use my link: https://t.co/g00IX9OCE3 https://t.co/GFBzEO2jjS
— TESLARATI (@Teslarati) October 30, 2026
The previous program made it pretty difficult to get referrals; buying a vehicle is obviously a much larger financial strain than subscribing to Full Self-Driving for a month.
Of course, the previous Referral Program also offered a tangible benefit: $250 in credits you could use on Service, Supercharging, or anything in the Tesla Shop. It truly could pay for someone’s travel for a year. It recently bought me a new backpack and a T-shirt.
However, this new program is much more attainable for those who do not have a massive online presence of a slew of friends in the Tesla community who will use the code and max out subscriptions for vehicle purchases.
Woke up to maxed out Referrals! Thank you guys, that’s awesome!
Share your referral link below so others can use it! https://t.co/kesbwTcoTV
— TESLARATI (@Teslarati) October 30, 2026
The Full Self-Driving suite will now be the keystone of the Referral Program, which makes it more inclusive and more fun for everyone with an awesome benefit.
It also gives the impression that Tesla is truly focused on FSD subscriptions, something that saw a tremendous increase in volume in Q3, as 75 percent of deliveries for the quarter came with an FSD subscription attached.
Full Self-Driving data is so instrumental to the suite’s improvement that this kind of program benefits Tesla as much as it does the consumer.
Elon Musk calls Earth’s data centers “peanuts” next to what SpaceX is planning in orbit
SpaceX President to gift Trump Accounts her SpaceX stock
