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.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.
News
SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla
SpaceX president Gwynne Shotwell quietly followed Tesla on X, and merger watchers noticed right away.
SpaceX President and COO Gwynne Shotwell has started following Tesla’s official account on X, a small change that landed in the middle of a very loud merger conversation. Whole Mars Catalog joked about it on Sunday.
A follow is not an announcement, and neither company has said anything about a deal. What gives the moment weight is the timing. Barclays analyst Dan Levy has told clients that an agreement could come before Tesla’s annual meeting, which must be held by December 6, with SpaceX as the buyer in an all stock deal, as we reported after the Roadster unveiling. Wedbush’s Dan Ives has stuck with a 2027 timeline.
“Shit, I better start following their X account if i’m gonna be helping run the company”
— Whole Mars Catalog (@wholemars) October 18, 2026
Shotwell is the executive most worth watching if the two companies do move closer. When Musk was asked at the All In Summit why Tesla and SpaceX remain separate, Shotwell sat next to him and said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps. The businesses were integrating “faster than I thought,” she said, though “not fully integrated yet.” Her responsibilities have also grown since SpaceX absorbed xAI, and she now oversees operations that include Grok and the company’s AI compute buildout.
The financial links are already there. Tesla’s $2 billion xAI investment turned into a stake of less than one percent in SpaceX, the two share the Terafab chip project in Austin, and Musk exercised his 2018 Tesla options a week after SpaceX began trading, a sequence analysts flagged as giving SpaceX public shares to use in a deal. Musk holds about 20 percent of Tesla and controls 85.1 percent of SpaceX’s voting power, according to our earlier breakdown.
The next test is close at hand. SpaceX reports its second earnings as a public company on Tuesday after the close, and Tesla follows on Wednesday. Musk told analysts in July that “we can’t talk about combining companies and that kind of thing on an earnings call,” so a direct answer is unlikely from either stage. Tesla shareholders can still submit and vote on questions through the Say portal until 4 p.m. EDT on Monday, and the merger is a recurring theme in the queue.