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(Update: Sunday) SpaceX’s high-altitude Starship launch debut slips to Monday
Update #2: Per new Temporary Flight Restrictions, there’s now a chance that SpaceX has rescheduled Starship’s (now slightly less) high-altitude launch debut on Sunday afternoon, December 6th.
As always with experimental testing, uncertainty remains. Stay tuned for updates as we close in on Starship SN8’s 12.5-kilometer (~7.8 mi) launch debut.
Update: SpaceX’s high-altitude Starship launch debut appears to have slipped to no earlier than (NET) Monday morning, December 7th, and been reduced from 15 km to 12.5 km.
FAA-approved flight restrictions filed on December 2nd were retracted on December 3rd for unknown reasons, ultimately giving SpaceX several more days to prepare Starship SN8 for an ambitious high-altitude launch, coast, freefall, and landing attempt.
Meanwhile, SpaceX has also lowered Starship SN8’s apogee target to 12.5 km (7.8 mi) from 15 km, itself a reduction from 20 km made earlier this year. Why is entirely unclear but it’s likely that the company is in active discussion (and probably arguments) with the FAA, perhaps requiring a compromise to ensure regulatory approval.
It remains to be seen if SpaceX will perform any additional testing over the weekend or if the company will attempt to schedule Starship SN8’s launch debut on Saturday or Sunday. Stay tuned for updates and Elon Musk’s promised SpaceX webcast.
SpaceX has received FAA approval to attempt Starship’s high-altitude launch debut as early as Friday according to a Temporary Flight Restriction (TFR) filed on December 2nd.
SpaceX’s first high-altitude Starship TFR revealed that the crucial flight test is now scheduled sometime between 8 am and 5 pm CST (14:00-23:00 UTC) on Friday, December 4th, with identical backup windows available (and cleared with the FAA) on Saturday and Sunday. Originally scheduled as early as November 30th, the delays are less than surprising given the complexity and unprecedented nature of the flight test facing SpaceX.
Starship serial/ship number 8 (SN8) – the first functional full-height prototype – is tasked with launching from Boca Chica, Texas to an apogee of 15 kilometers (~9.5 miles) and dropping back to Earth to test an unproven approach to rocket recovery.
Often referred to as a bellyflop or skydiver-style attitude, Starship SN8 will attempt to freefall belly-down back to earth, using four large flaps to maintain a stable approach much like skydivers use their arms and legs to control heading and speed. When landing on planets or moons with relatively thick atmospheres, a controlled freefall could save Starship a huge amount of structural mass (no need for wings or actual airfoils) and propellant – a major benefit for what aims to be the largest reusable orbital spacecraft ever built.
Powered by three Raptor engines capable of producing up to 600 metric tons (1.3 million lbf) of thrust at full throttle, SN8’s launch debut will mark Starship’s first multiengine flight – a major milestone for any rocket prototype. SpaceX CEO Elon Musk also recently noted that Starship SN8’s propellant tanks will only be “slightly filled” for its 15 km launch debut, potentially resulting in an extremely healthy thrust to weight ratio at liftoff.
Based on several unofficial estimates, Starship SN8 is also likely to break the sound barrier on ascent, potentially putting the prototype through conditions similar to what an actual orbital launch might see at Max Q (the point of maximum aerodynamic pressure). Further adding to the daunting list of ‘firsts’, SN8’s 15 km debut will be the first Starship hop or flight with a nosecone, making it the first full-scale structural test of a nose section and the methods used to attach it to Starship’s tank section. It’s hard to exaggerate the number of things that could go wrong and the number of ways Starship SN8 could fail during its first flight.
In the interim, SpaceX has taken Starship’s launch delay as an opportunity to perform some kind of additional testing on the evening of December 2nd, involving some kind of cryogenic proof test (using liquid nitrogen) or wet dress rehearsal (WDR; using real liquid methane and oxygen). While there were initial signs that SpaceX would put SN8 through one or several more Raptor static fires before clearing the rocket for flight, it appears that those plans were cancelled earlier this week.
Less testing amplifies the risk that Starship SN8 will fail after liftoff, the probability of which Musk has pegged at ~67%. Regardless, SN8’s launch debut is bound to be spectacular and Starships SN9 and SN10 are nearly ready to take over wherever SN8 leaves off.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
