News
SpaceX’s first orbital Starship launch slips to March 2022 in NASA document
A NASA document discussing a group’s plans to document SpaceX’s first orbital-velocity Starship reentry appears to suggest that the next-generation rocket’s orbital launch debut has slipped several months into 2022.
In March 2021, CEO Elon Musk confirmed a report that SpaceX was working towards a target of July 2021 for Starship’s first orbital launch attempt. At the time, it seemed undeniably ambitious but far from impossible. Less than half a year prior, SpaceX had kicked off a series of suborbital Starship test flights to altitudes of 10-12.5 km (6.2-8 mi). Beginning in December 2020, SN8 – effectively the first structurally complete Starship prototype – nearly stuck a landing on its first try, only narrowly falling short due to an engine and pressurization issue.
Less than two months later, SpaceX completed and launched Starship SN9 – again with a nearly flawless six-minute flight capped off with an unsuccessful landing attempt. Starship SN10 followed less than a month later and became the first prototype to land in one piece – albeit only for a few minutes. It was two weeks after that near-success – SpaceX’s third launch in as many months – that Musk revealed a goal of July 2021 for Starship’s first orbital launch. At that point in time, it appeared all but inevitable that SpaceX would be technically ready for an orbital launch before the end of the year.
Two weeks after Musk’s comments and less than four weeks after SN10’s near-miss, Starship SN11 gave one of the worst performances yet, invisibly exploding inside a fogbank well above the ground. However, further stoking the fires of optimism, Starship SN15 debuted a number of upgrades and became the first prototype to successfully launch, land, and survive a ~10km test flight in early May. Put simply, SpaceX built five Starship prototypes practically from scratch in roughly eight months and then completed five test flights in less than five months – all of which were largely successful.
SpaceX considered reusing Starship SN15 or launching SN16 to gain more landing experience but ultimately decided to mothball the prototypes to avoid disrupting orbital launch site construction. Just three months after SN15’s successful landing, SpaceX rolled the first orbital-class Starship and Super Heavy to the orbital launch site and briefly stacked the pair (Ship 20 and Booster 4) to their full height, forming the tallest rocket ever assembled. Although largely a photo opportunity, SpaceX still installed a full 29 Raptors on Super Heavy B4 and six Raptors on Starship S20, further raising confidence that the company’s engine production was already up to the task of supplying the nearly three-dozen needed for a single orbital test flight.
However, for reasons that are less than clear, that August 6th full-stack milestone is about where SpaceX’s H1 2021 momentum appeared to run into a brick wall. Perhaps due to a desire to focus on orbital launch site construction even at the cost of avoiding road closures or testing that would require a clear pad, Starship S20 sat on a stand for the better part of two months before completing even a minor test – by far the longest any Starship prototype has waited.
Seemingly in the midst of its third round of Raptor engine removal, Super Heavy B4 has yet to attempt a single test and it’s unclear how close to ready the orbital pad is to support booster proof and static fire tests. Neither ship nor booster has attempted to static fire its Raptor engines, though S20 could potentially be ready for its first test as early as Monday, October 18th.
Combined with recent developments in the FAA’s Boca Chica environmental review process, the odds of SpaceX attempting the first orbital Starship launch by the end of 2021 have rapidly dropped from decent to near-zero. From a technical perspective, it seems likely that SpaceX could still be ready for an orbital launch attempt just a few months from now. From a regulatory perspective, though, it would be practically unprecedented for the FAA to complete a favorable environmental review and approve even a one-off orbital Starship launch license in ~10 weeks. Even the apparent March 2022 target revealed in a NASA poster focused on the agency’s plans to film an orbital Starship reentry via high-altitude jet assumes that the FAA’s review and licensing process will take ~7 months from August 2021 – still extremely optimistic.
Ultimately, after two months with next to no prototype testing, it’s beginning to look like SpaceX has decided to focus on finishing Starbase’s first orbital launch site, refining vehicle designs, and building new prototypes (B5, S21, S22) rather than pushing hard for rapid B4/S20 testing and an imminent launch attempt. As a result, it’s becoming increasingly unlikely that Booster 4 and Ship 20 will fly as new and improved prototypes like Super Heavy B5 and Starship S21 prepare to overtake them.
Investor's Corner
Legendary investor Ron Baron says Tesla and SpaceX stock buys will continue
In a wide-ranging appearance on CNBC’s Squawk Box on May 12, legendary investor Ron Baron, founder, CEO, and portfolio manager of Baron Capital, reaffirmed his deep conviction in Elon Musk’s two flagship companies.
Legendary investor Ron Baron says he will continue buying stock of both Tesla and SpaceX, as he continues his support behind CEO Elon Musk, who he says is a special person and “brilliant.”
In a wide-ranging appearance on CNBC’s Squawk Box on May 12, legendary investor Ron Baron, founder, CEO, and portfolio manager of Baron Capital, reaffirmed his deep conviction in Elon Musk’s two flagship companies.
With assets under management approaching $55–56 billion, Baron detailed his firm’s substantial holdings, outlined plans for the anticipated SpaceX IPO, and painted an exceptionally optimistic picture for both Tesla (NASDAQ: TSLA) and SpaceX, framing them as generational opportunities that will reshape industries and deliver extraordinary long-term returns.
Baron Capital’s position in SpaceX has grown dramatically since the firm began investing around 2017. What started as roughly $1.7 billion has ballooned to more than $15 billion, making it the firm’s largest holding.
Tesla ranks second, valued at approximately $5 billion in the portfolio. Together with stakes in xAI and related Musk-led ventures, these investments account for roughly one-third of Baron Capital’s $60 billion in lifetime profits since 1992. Baron emphasized that the growth stems from Musk’s singular ability to execute ambitious visions—from reusable rockets to global satellite internet and beyond.
The centerpiece of the discussion was SpaceX’s expected initial public offering, targeted for mid-2026 following a confidential S-1 filing. Baron announced plans to purchase an additional $1 billion in shares at the IPO.
Ron Baron said today that he plans on buying an additional $1 billion of SpaceX stock during the upcoming IPO:
“At the IPO price, I’ve got an order for $1 billion. I want to buy more stock at the IPO. I don’t know if we’re going to get filled, but we’re going to try. I believe… pic.twitter.com/KOv1HvYcZ0
— Sawyer Merritt (@SawyerMerritt) May 12, 2026
He described the company’s trajectory in sweeping terms: “This is going to become the largest company on the planet.”
He highlighted Starlink’s expansion of high-speed internet to every corner of the globe, the revolutionary economics of reusable rockets, and Starship’s potential to enable massive space-based data centers and interplanetary infrastructure.
Baron sees SpaceX not merely as a rocket company but as a platform poised for exponential scaling once it goes public, with post-IPO appreciation potentially reaching 10- to 20- or even 30-times current levels over the next decade or more.
On Tesla, Baron struck an equally enthusiastic note, declaring that “now is Tesla’s moment.” He projected the stock could reach $2,000 to $2,500 per share within 10 years—implying a market capitalization near $8.3 trillion and roughly 5–6 times upside from recent levels. While Tesla remains a major holding, Baron’s optimism centers on its evolution beyond electric vehicles into an AI, robotics, autonomous-driving, and energy platform.
He pointed to robotaxis, Full Self-Driving (FSD) technology, Optimus humanoid robots, energy storage, and the vast real-world data advantage from Tesla’s global fleet as catalysts that will fundamentally alter the company’s revenue model and valuation multiples. Baron views these developments as transformative, shifting Tesla from a traditional automaker to a high-margin technology and infrastructure powerhouse.
Throughout the interview, Baron’s admiration for Musk was unmistakable. He has likened the entrepreneur to a modern Leonardo da Vinci for his artistic, multidisciplinary approach to solving humanity’s biggest challenges.
Baron’s personal commitment mirrors this confidence: he has repeatedly stated he does not expect to sell a single share of his own Tesla or SpaceX holdings in his lifetime, positioning himself as the “last one out” after his clients. This stance underscores a philosophy of patient, long-term ownership rather than short-term trading.
Baron’s comments arrive at a time of heightened anticipation around SpaceX’s public debut, which could rank among the largest IPOs in history and potentially value the company at $1.5–2 trillion or more at listing.
For investors, his message is clear: the Musk ecosystem—spanning electric vehicles, autonomy, robotics, satellite communications, and space exploration—represents one of the most compelling secular growth stories of the era. While short-term volatility in tech and EV stocks may persist, Baron sees these as buying opportunities for those who share his multi-decade horizon.
In summarizing his outlook, Baron reinforced that the combination of technological breakthroughs, massive addressable markets, and Musk’s leadership creates asymmetric upside that few other investments can match.
For Baron Capital’s clients and long-term Tesla and SpaceX shareholders alike, the investor’s latest CNBC remarks serve as both validation and a call to remain patient through the inevitable ups and downs. As Baron sees it, the best days for both companies—and the returns they can deliver—are still ahead.
Elon Musk
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla rescheduled its final Model S farewell to May 20 after Musk joined Trump in China.
Tesla has rescheduled its Model S and Model X Signature Edition delivery event to Wednesday, May 20, 2026, after abruptly calling off the original May 12 celebration. The event will take place at Tesla’s factory at 45500 Fremont Boulevard in Fremont, California, the same location where the Model S first rolled off the line in 2012. Invitees received a follow-up email asking them to reconfirm attendance and download a new QR code ticket, with Tesla noting that all travel and accommodation expenses remain the buyer’s responsibility.
The reason behind the original cancellation came into focus the same day it was announced. President Trump invited Elon Musk, Apple’s Tim Cook, BlackRock’s Larry Fink, Boeing’s Kelly Ortberg, and executives from Goldman Sachs, Blackstone, Citigroup, and Meta to join his trip to China this week for a summit with President Xi Jinping. The agenda covers trade, artificial intelligence, export controls, Taiwan, and the Iran war, following weeks of escalating friction between Washington and Beijing over AI technology, sanctions, and rare earth exports. Trump wrote on Truth Social, “I am very much looking forward to my trip to China, an amazing Country, with a Leader, President Xi, respected by all.”
Tesla launches 200mph Model S “Gold” Signature in invite-only purchase
The vehicles at the center of all this are the last Model S and Model X units Tesla will ever build. Priced at $159,420 each, the 250 Model S and 100 Model X Signature Edition units come finished in Garnet Red with a one-year no-resale agreement, giving Tesla right of first refusal if the owner decides to sell. As Teslarati reported, the Model S defined Tesla’s early identity as a serious luxury automaker, and the Fremont factory line that built it is now being converted to manufacture Optimus humanoid robots.
Musk’s inclusion in the China delegation drew attention given his very public relationship with Trump, and the invitation signals the two have moved past and past grievances. Trump originally brought Musk on to lead the Department of Government Efficiency following his inauguration, and despite a sharp public dispute in mid-2025, the two have appeared together repeatedly in recent months. A seat on the China trip, the most diplomatically consequential visit of Trump’s current term, puts Musk back at the table on U.S. economic policy at a moment when Tesla’s China revenue remains one of the company’s most important financial pillars.
Tesla has launched a new solution to a rare but relevant Supercharger problem with a new Virtual Waitlist, a remedy that will solve sequencing confusion when there is a line to charge at one of the company’s locations.
Teslarati reported on what we called the Virtual Queue last month. In rare occurrences, there were physical altercations at Superchargers when someone might have cut in line to charge. Tesla started to develop some sort of system that would resolve this issue, and now it is finally rolling it out.
Tesla launches solution to end Supercharger fights once and for all
It will start with a Pilot Program, and Tesla is calling it the ‘Waitlist.’
Announced on May 11 on the official TeslaCharging X account, the pilot program is currently active at sites in Los Gatos, Mountain View, and San Francisco in California, as well as San Jose, CA, and the Bronx, NY (East Gun Hill Road). Drivers are encouraged to share feedback directly through the Tesla app to refine the system before a potential broader rollout.
We’re now testing a new waitlist feature at 5 Supercharger sites. Share feedback through the Tesla app to help us make it better.
– Los Gatos, CA – Los Gatos Boulevard
– Mountain View, CA – El Monte Avenue
– San Francisco, CA – Lombard Street
– San Jose, CA – Saratoga Avenue
-… pic.twitter.com/epTVzpJxgW— Tesla Charging (@TeslaCharging) May 11, 2026
Tesla released the video above to showcase the feature, which automatically joins the waitlist when your vehicle has the Supercharger with the wait as the destination in the navigation. There is also a notification that lets you know your place in line.
In this specific example, the video shows that the wait is less than five minutes, and that there are two cars ahead of the one in the video:
Credit: Tesla
Having a wait at a Supercharger is relatively rare, but it does happen. It is even more frequent now that there are more EVs allowed to use the Supercharger Network. Those non-Tesla EVs can also join the queue, as Tesla added in its social media release of the pilot program that they can join the waitlist using the Tesla app.
The release of this program should help alleviate the rare risk of incidents at Superchargers. Tesla will expand this program as it sees fit, and it gathers valuable data and reviews from users.
Legendary investor Ron Baron says Tesla and SpaceX stock buys will continue
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
