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SpaceX is building launch pad tanks out of Starship parts and that’s a big deal
SpaceX has begun installing the first of numerous propellant storage tanks at its first orbital South Texas launch facilities – a mostly ordinary and expected step made extraordinary by the fact that those tanks will be built out of Starship parts.
Labeled “GSE” for Ground Support Equipment, the first signs of those self-built storage tanks began appearing at SpaceX’s Boca Chica Starship factory less than two months ago in mid-February. A matter of weeks later, the first of those SpaceX-brand cryogenic storage tanks is off to the launch site for installation (and insulation) while at least two more tanks are well on their way to completion.
While a few ground starge tanks may look like a distraction in the scope of a program tasked with building the world’s largest (and fully reusable) rocket, the existence of those tanks is far more significant than it might initially appear.
Simply put, rocket propellant storage – even for extremely cold cryogenic liquids like those that SpaceX uses – is a thoroughly solved problem. Numerous commercial vendors exist and industrial demand for practically identical tanks is far higher, further lowering commercial tank costs even for those with niche use-cases thanks to economies of scale. For SpaceX’s purposes, major discounts could like be secured given that the company would need to purchase around three to four-dozen commercial-off-the-shelf (COTS) 100,000 gallon tanks to supply a launch pad with enough commodities for two back-to-back launches of Starship and Super Heavy.
That initial launch capability – which SpaceX appears to be working towards – would likely allow the company to start orbital refueling test flights (and Starlink launches, perhaps) immediately after completion. However, that initial capability wouldn’t suffice for ambitious missions to Mars, the Moon, or higher Earth orbits; where one Starship would need to be rapidly refueled with 3-10+ tanker launches. A launch facility capable of supporting 5-10 back-to-back launches (optimally just a few hours apart) would require many times more propellant storage.
The point is that for the initial target of two (or so) launches between commodity resupply, SpaceX could likely acquire the few dozen new storage tanks it would need for a few million dollars apiece for a total cost likely between $50M and $100M. Instead, SpaceX has decided to design and build its own propellant storage tanks. Even more significantly, the GSE tanks SpaceX has already begun building appear to be virtually identical to Starships.
In other words, SpaceX is effectively taking identical rocket parts, slightly tweaking a handful of those parts, and turning what could have been a rocket into a propellant storage tank. This is significant because relative to all other rockets in history, even including SpaceX’s own Falcon 9 and Heavy, building storage tanks with unchanged rocket parts on a rocket assembly line would be roughly akin to hiring Vincent van Gogh to paint lane lines.
Ever since Elon Musk made the radical decision to switch from composite structures to stainless steel, Starship has always aimed to be radically different than any large rocket before it. Crucially, by using commodity steel, the CEO imagined SpaceX would be able to build Starships fairly easily and for pennies on the dollar next to even SpaceX’s exceptionally affordable Falcon 9. In the last 18 months, it’s become apparent that SpaceX has built a factory capable of churning out one or two massive steel rockets per month and is willing to consign at least four or five of those Starship prototypes to all-but-guaranteed failures for the sake of data-gathering and iterative improvement.
Technically, the most logical conclusion would be that Musk was right and that SpaceX has quickly developed the ability to build steel rockets larger than any other launch vehicle on Earth for perhaps just $5M or less apiece. However, SpaceX is also raising on the order of $1-2B in venture capital annually, so they could technically afford to shoulder the cost of extremely expensive Starship prototypes if the company was confident that there was a path to cut those costs and reach the targets needed for the rocket to make economical sense.
Now, the existence of self-built propellant storage tanks virtually identical to flightworthy Starship airframes all but guarantees that SpaceX is already building Starships for a few million dollars each – and possibly much less. More than a year ago, Musk said that SpaceX was already building the Raptor engines that will power Starship and Super Heavy for less than $1M apiece and was working to mass-produce a simpler variant for less than $250,000. Beyond engines and primary structures, Starship hardware is fairly simple and ranges from Tesla-derived motors, basic flaps, and landing legs to off-the-shelf pressure vessels (COPVs) and wiring. SpaceX has managed that extraordinary cost-efficiency despite the fact that Boca Chica is still nowhere close to the level of volume production Musk is aiming for, meaning that there are still far more efficiencies waiting to be realized.
For now, with virtually no retooling and the exact same assembly line, SpaceX’s South Texas rocket factory is busy churning out massive launch pad tanks – one of which is already preparing for installation while another two speed towards completion. All told, SpaceX appears to be preparing foundations for seven 9m-wide (30ft), 27.5m-tall (90ft) Starship-derived tanks that should be capable of storing ~2200 tons (4.9 million pounds) of subcooled liquid methane in three tanks and ~7300 tons (16.1 million pounds) of liquid oxygen in the other four tanks – enough for two orbital Starship launches.
Ferrari’s first electric vehicle, the Luce, is fully sold out for 2027, according to CEO Benedetto Vigna.
Presenting third-quarter results, he stated: “Everything we plan to sell next year is already fully allocated. Client test drives, scheduled for next year, will help further boost demand. We have no critical issues, neither on manufacturing nor on the demand side. Obviously, the car is more complex because it has many new parts and many new technologies.”
First customer deliveries are expected before the end of 2026, with the model already commanding waitlists despite a turbulent debut.
The Luce is a five-seat, four-door liftback saloon—the longest Ferrari ever produced—powered by four electric motors producing approximately 1,035 horsepower.
It features an 800-volt architecture, a 122-kWh battery, a claimed WLTP range of around 329 miles, 0-62 mph acceleration in 2.5 seconds, and a starting price near €550,000 in Europe (roughly $560,800–$615,000 in the U.S. depending on configuration).
Developed in collaboration with Jony Ive and Marc Newson’s LoveFrom studio alongside Ferrari’s own Centro Stile, it represents a deliberate departure from the brand’s traditional mid-engine sports cars toward a more spacious, grand-touring format.
Its exterior has proven deeply polarizing. Unveiled in Rome in May 2026, the design features smooth, sweeping surfaces, a large glass roof, and restrained detailing that critics described as bland, generic, or more reminiscent of an Apple product or mass-market EV than a Ferrari.
Ferrari unveils its Luce EV, and its reception has been a disaster
Online reactions included memes comparing it to a Nissan Leaf or Polestar, while former Ferrari chairman Luca di Montezemolo publicly warned of “the destruction of a myth” and suggested the prancing horse logo be removed. Italian politicians and longtime owners joined the chorus of disappointment, and Ferrari’s shares dropped roughly 8% in a single day, erasing billions in market value.
Design experts noted the absence of the brand’s signature tension, aggression, and emotional drama.
Yet the controversy has not translated into weak demand among the ultra-wealthy clientele who actually buy Ferraris. Production volumes remain tightly limited, as reports suggest fewer than 500 units in the current year and a longer-term pace of roughly 600 annually through 2030, preserving exclusivity.
One early chassis sold for $40 million at auction. Vigna has indicated that seeing the car in person, along with upcoming client test drives, is expected to strengthen rather than weaken interest. Ferrari aims for fully electric models to comprise 20 percent of its lineup by 2030, with a second EV now delayed to 2028.
For a brand defined by scarcity and desirability, the Luce’s sell-out status suggests that among those who can afford it, the polarizing design has not proven to be a commercial liability.
Tesla and SpaceX shares fell on Wednesday after Democrats swept both chambers of Congress. The decline stood out as broader market securities recovered and turned positive, while both of Musk’s publicly traded companies lagged.
CEO Elon Musk already joked about the unsuccessful campaigning for the Republicans, but now the new party will make pretty drastic changes to how it handles Tesla and SpaceX, and those companies will adjust their outlook.
Let’s take a deeper look.
Tesla ($TSLA)
Tesla shares traded lower during the regular session after Democrats secured both the House and Senate. The stock was down 2.32 percent at around 1:45 p.m. on the East Coast, trading at around $389.30.
The pressure is tied to more than the raw scale of Musk’s political spending, estimated at $450–474 million this cycle with roughly $224 million directed at Texas. In that state, Tesla now faces a Democratic governor and a Democratic senator after Gina Hinojosa unseated Greg Abbott and James Talarico defeated Ken Paxton.
The Austin Gigafactory, Robotaxi pilot programs in multiple Texas cities, and any related AI compute expansion sit under a new state executive who campaigned against certain corporate subsidies and floated a moratorium on new data-center construction.
Federally, Democratic control of key committees opens the door to deeper examination of Tesla’s autonomous-driving safety record, federal energy-storage and manufacturing incentives, and the national-security implications of any combination with SpaceX.
Investors are also weighing whether the company’s historically close alignment with the prior Republican leadership will invite slower permitting, additional hearings, or tighter rules on Full Self-Driving deployment.
For Tesla, the political shift adds near-term friction around state permitting and federal regulatory approvals for autonomy and energy storage. A potential merger with SpaceX may face slower review even if it proceeds.
Core growth drivers such as vehicle deliveries, energy deployments, and robotaxi rollout remain intact, yet the stock now carries a higher political-risk premium that could weigh on valuation until the company demonstrates workable relationships with the new Texas leadership and congressional majorities.
SpaceX ($SPCX)
SpaceX shares also declined in live trading on November 4 following the Democratic midterm sweep. The stock traded at $134.97, down 4.49 percent. The drop occurred even as broader indexes stabilized, highlighting a company-specific reaction to the election outcome.
Musk’s large contributions, concentrated in Texas races that both companies lost, place SpaceX’s Starbase launch facility and headquarters under a new Democratic governor.
At the federal level, Democratic control of Congress enables greater scrutiny of NASA, the Department of Defense, and other contracts that support a meaningful share of revenue, along with reviews of Starlink national-security uses and any Tesla merger. Analysts have noted that empowered committees can hold hearings and request documents on these relationships.
For SpaceX, the results raise the risk of delayed contract awards, higher compliance costs, and tighter constraints on AI and satellite infrastructure expansion, particularly in Texas where a data-center moratorium has been discussed.
A merger with Tesla could encounter political friction that slows integration of launch, connectivity, and autonomy capabilities.
While Starlink growth and launch cadence continue as primary drivers, the company faces a more contested path for federal funding and state-level operations, requiring management to rebuild ties with the new congressional majorities and Texas leadership to limit the overhang.
Tesla’s new vehicle registrations in Germany rose sharply in October, nearly quadrupling from the same month a year earlier. That’s according to data from the KBA, Germany’s federal motor transport authority.
The KBA reported 2,932 Tesla vehicles registered in October, a 290.9 percent year-over-year- increase. For the first ten months of the year, Tesla’s cumulative registrations reached 47,742 units. This number is up 206.1 percent compared with the January-October period of 2025. These gains occurred against a backdrop of strong overall growth in the BEV sector as a whole.
Germany registered 94,086 new BEVs in October, a 79.5 percent rise that brought the BEV share of the passenger car market to 37 percent of the 254,492 total cars registered that month.
🇩🇪 Tesla’s new registrations in Germany nearly quadrupled in October, according to KBA data.
October: 2,932 units, +290.9% YoY Jan–Oct: 47,742 units, +206.1%
Germany’s overall BEV market grew 79.5% to 94,086 units last month. https://t.co/GMwNqsFAOC
— TESLARATI (@Teslarati) November 4, 2026
Despite the percentage surge, Tesla’s absolute numbers left it with a 1.2 percent share of all new car registrations for October. Chinese competitors did record higher volumes, as BYD registered 5,173 vehicles, a 2 percent share, Leapmotor with 3,661 cars, which equates to 1.4 percent, and Xpeng had a 0.5 percent share.
Year-to-date through October, BYD edged ahead of Tesla with 47,961 registrations versus Tesla’s 47,742.
The October results follow a notably strong September for Tesla in Germany, when it registered 12,552 vehicles, an increase of roughly 269 percent year-over-year and one of its strongest monthly totals on record in the country. That month, the Model Y led all EVs and ranked among the top-selling vehicles of any powertrain.
The figures form part of a broader recovery in Tesla’s European registrations after an extended period of softer demand. While monthly volumes remain subject to typical quarter-end patterns and competitive pressure from both established European brands and rapidly expanding Chinese manufacturers, the year-to-date growth indicates improved traction in Europe’s largest car market.
Tesla’s Gigafactory Berlin-Brandenburg continues to supply the region, positioning the company to capture a share of the expanding German BEV market as overall EV adoptions looks to be accelerating.
Ferrari Luce sold out for 2027 after design controversy
Musk’s Tesla and SpaceX decline after Democratic Midterm sweep
