News
SpaceX’s Starship rocket sails through first “flight-like” fueling test
SpaceX’s fully-assembled Starship rocket appears to have sailed through a major wet dress rehearsal test on the first attempt.
With the completion of that test, the next-generation SpaceX rocket has taken a big step toward its first orbital launch attempt. Starship measures around 120 meters (~394 ft) tall and 9 meters (~30 ft) wide, making it the largest rocket ever assembled. It’s designed to launch more than 100 metric tons (~220,000 lb) to low Earth orbit (LEO) in a fully-reusable configuration. At liftoff, Starship’s 33 Raptor engines will produce up to 7590 tons (16.7M lbf) of thrust, making it more powerful than any rocket in history by a large margin.
And on Monday, January 23rd, Starship likely became the heaviest rocket ever after SpaceX fully loaded the vehicle with propellant. Surprising most viewers, SpaceX also appeared to complete the complex test associated with that milestone without running into any major issues.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
The apparent success is surprising because it simply hasn’t been SpaceX’s approach of choice while developing Starship. Since SpaceX began assembling Starhopper in an empty Texas field in 2018, the Starship program has been almost exclusively managed to prioritize speed and expect failures. The company almost always preferred to build, test, and learn from minimum-viable-product prototypes as quickly as possible, even if that meant that failures were guaranteed.
Because SpaceX expected failures, it learned from them and always had another prototype ready to carry the torch forward. Starship prototypes rarely completed ground or flight tests on the first try, as SpaceX was simultaneously learning – often catastrophically – how to test and operate those vehicles. The culmination of that failure-as-an-option strategy was a series of seven suborbital Starship tests – two short hops of identical prototypes and five launch and landing attempts of five more advanced prototypes between August 2020 and May 2021. On the fifth attempt, after four failures, a full-scale Starship successfully launched to 12.5 kilometers (~41,000 ft), shut off its engines, fell back to Earth, reignited its engines, flipped around, and landed in one piece.
By all appearances, the campaign was the ultimate corroboration of SpaceX’s development strategy. In the second half of 2022, however, SpaceX decided to dramatically change the Starship program’s approach to risk management and systems engineering. Starship testing has become exceptionally cautious over the last several months, as a result.
From fail-fast to slow-and-steady
There is a small chance SpaceX simply got lucky, but Starship’s first fully-assembled wet dress rehearsal test appears to indicate that that caution has paid off. Combined, both stages of the rocket – Ship 24 and Booster 7 – collectively completed dozens of separate proof tests and static fires since mid-2022. They also made it through several far more limited tests while stacked.
Having cautiously characterized each prototype about as well as it possibly could, SpaceX finally pulled the trigger on January 23rd. After hours of conditioning the Starbase, Texas orbital launch site’s giant tank farm, SpaceX opened the floodgates and loaded Ship 24 and Booster 7 with up to 4860 tons (~10.7M lbs) of cryogenic liquid oxygen and liquid methane propellant in about 90 minutes. Once fully loaded, the combined weight of the rocket and propellant likely exceeded 5000 tons (~11M lbs), making Starship the heaviest rocket in history. The next heaviest rockets ever built, Saturn V and N-1, weighed around 2800 tons (~6.2M lbs) fully loaded.
SpaceX was also able to drain Starship and return its propellant to the pad’s ground storage tanks about four hours after filling the rocket.
“Flight-like” testing
The company later confirmed that the test was a “full flight-like wet dress rehearsal,” as suspected, and noted that data gathered from it would “help verify a full launch countdown sequence, as well as the performance of Starship and the orbital pad for flight-like operations.” Parts of the test visible from unaffiliated webcasts like NASASpaceflight’s seemed to confirm as much. Shortly after Starship was fully loaded, for example, SpaceX activated the orbital launch mount’s fire extinguisher system, seemingly practicing the moments before the rocket would otherwise ignite its engines and take flight.
At no point during the wet dress rehearsal did SpaceX appear to enter any kind of hold or abort, indicating that the rocket’s systems were all working well enough together to smoothly complete it on the first try. The only mildly concerning behavior visible during the multi-hour test came shortly after Starship was topped off. Booster 7 opened one of its methane tank gas vents to relieve pressure and instead appeared to vent liquid methane, producing a flammable cloud thousands of feet long. More likely than not, the Super Heavy was slightly overfilled, and the liquid vent was an intentional response to that error. The cloud of methane thankfully did not find an ignition source, and Starship went on to finish the test as planned.
SpaceX has a lot of work left to prepare Ship 24 and Booster 7 for Starship’s first orbital launch attempt. Booster 7 must still complete one or several more static fires, during which it could become the most powerful rocket ever tested. To reduce risk, SpaceX will likely remove Ship 24 while testing Super Heavy, and reassemble the rocket only if Booster 7 passes its tests. SpaceX also needs to repair the pad after static fire testing and work with the Federal Aviation Administration (FAA) to finalize Starship’s first orbital launch license.
But after many false positives, Starship’s successful completion of a wet dress rehearsal on the first try has confirmed that the rocket’s orbital launch debut is – for the first time – actually close at hand.
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.
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla
SpaceX reveals how its 1 Million AI satellite network will work and prevent space collisions
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
