SpaceX
SpaceX’s Starship hopper spotted with trio of dual-bell Raptor engines
Following a brief ‘hop’ (via crane) off of a concrete build stand, the aft section of SpaceX’s first full-scale Starship hopper (Starhopper?) revealed that SpaceX technicians have already installed what appear to be three real Raptor engines, presumably the first time the propulsion system has ever been mounted to something that might eventually fly.
For a number of reasons, there is a strong chance that these Raptors are actually just boilerplate placeholders standing in as structural guides for the real deal some months down the line. On the other hand, there are also a number of reasons to assume that these apparent engines are indeed real Raptors.
Star ship hopper might be a bit bigger than we thought and with the crane placements over the nose end of the vehicle. This could suggest, @SpaceX are planning to move the segment elsewhere perhaps to the welding stand? We will have to wait and see. (Austin Barnard📸) #2019🚀 pic.twitter.com/kn8hhUPWCU
— Austin Barnard🚀 (@austinbarnard45) January 1, 2019
Despite an already shocking series of rapid-fire developments in the South Texas Starhopper saga, the abrupt appearance of what appears to be three Raptor engines – mirroring CEO Elon Musk’s recent statement that the test vehicle would sport three Raptors – is by far the most unexpected moment yet for the prototype Starship. Purportedly a full-scale prototype of BFR’s upper stage/spaceship (now known as Starship), Musk indicated over the last two weeks that the hopper has been designed to perform a number of hop tests in which the craft’s three Raptors would power it to a range of (relatively low) altitudes above Boca Chica, Texas.
According to a recent FCC filing related to this test program, SpaceX is currently seeking a license for Starship hop tests that will not exceed 5 km (3.1 mi) in altitude and/or 6 minutes in duration. There is admittedly nothing mentioned about the maximum allowed velocity during those tests, but – much like Blue Origin performs supersonic tests of New Shepard in Cape Horn, Texas – SpaceX will likely seek and be granted permission to break the sound barrier during those hypothetical tests. Nevertheless, a 5km ceiling is a fairly significant cap on the range of performance Starhopper will be able to test – accelerating vertically at 2Gs, Starhopper could travel from sea level to 5km in less than 30 seconds while reaching speeds no higher than Mach 1-1.5.
- SpaceX technicians and engineers are continuing to work at a breakneck pace on Starhopper. (NASASpaceflight – bocachicagal)
- At this rate, the hopper will likely wind up around 40m (130 feet) tall. (NASASpaceflight – bocachicagal)
- A close examination of these three engine-like protrusions suggests a level of fit and finish far exceeding a boilerplate stand-in. (NASASpaceflight – bocachicagal)
Combined with the apparent fact that this Starhopper’s fins seem unlikely to ever actuate (i.e. no aerodynamic control surfaces), it’s probable that this ad hoc prototype is only meant to perform a very limited range of hop tests, perhaps as basic as ironing out the kinks of operating a trio of gimballed Raptors and ensuring that they can safely and reliably launch, hover, and land a very large Starship-shaped mass simulator. Falcon 9’s Grasshopper and F9R reusability testbeds performed a very similar task some five years ago, offering SpaceX engineers the opportunity to optimize software and hardware needed to reliably recover real orbital-class rockets after launch. Although Falcon 9 has nine gimballed Merlin 1D engines, SpaceX has long sided with the sole center Merlin as the dedicated landing engine and has only briefly experimented with triple-Merlin landing burns.
Dual-expansion whaaaaat?
According to Musk, Raptor – an advanced liquid methane and oxygen engine with a uniquely efficient propulsion cycle – was expected to produce an impressive ~2000 kN (200 ton, 450K lbf) of thrust in its finished form as of September 2018. However, Musk also mentioned in a late-2017 Reddit AMA that SpaceX engineers were modifying the ship’s design to ensure engine-out reliability during all regimes of flight, landing in particular. To accomplish this feat with an engine as powerful as Raptor, two or three Raptors – capable of producing as much as 600 tons of thrust total – would need to reliably throttle as low as 25%, assuming a landing mass of around 150t. To allow a nearly empty ship (~100t) to still reliably land with three Raptors ignited, the engines would need to be able to throttle to 20% or less.

Known as deep throttling in rocketry, ensuring stable combustion and thrust at 20% (let alone 40%) throttle is an extraordinarily challenging feat, often subjecting engines to forces that can literally tear non-optimized hardware apart. To achieve such a deep throttle capability without excessively disrupting the engine’s design, SpaceX appears to have potentially sided with less efficient but extremely simple alternative, known as a dual-bell (or dual-expansion) rocket nozzle. A 1999 Rocketdyne paper concisely explained the primary draws of such a nozzle:
“The [altitude-compensating] dual-bell nozzle offers a unique combination of performance, simplicity, low weight, and ease of cooling” – Horn & Fisher, 1999
Exactly
— Elon Musk (@elonmusk) December 27, 2018
Given that SpaceX has decided to delay the introduction and certification of a vacuum-optimized Raptor engine, choosing to instead use the same Raptor on both BFR stages, something like a dual-bell nozzle would be one of the best possible ways for the company to retain some of the efficiency benefits of a vacuum engine while also drastically improving design simplicity, ease of manufacturing, and cutting development time. Aside from offering efficiency gains by way of altitude compensation, a dual-bell nozzle also happens to enable a given engine to operate a much wider throttle range by mitigating problems with flow separation and instability.
- A gif of Raptor throttling over the course of a 90+ second static-fire test in McGregor, Texas. (SpaceX)
- Note that Merlin 1D and prior Raptor prototypes both feature traditional single nozzles. (Pauline Acalin)
- An overview of dual-bell and deflection nozzles. Raptor appears to have now graduated to the former style. (Johan Steelant, 2011)
- Starhopper’s Raptors feature a very distinct seam and second curve, indicative of a dual-bell nozzle. (NASASpaceflight /u/bocachicagal)
For Starhopper and Starship, both aspects are an undeniable net-gain and it’s entirely possible that these dual-bell nozzles – if successfully demonstrated – could find their way onto Falcon 9 and Falcon Heavy to further boost their booster performance and efficiency.
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Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
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.






