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SpaceX says Starship Mk1 will test ‘skydiver’ landing before the end of 2019
A senior SpaceX director says that the Starship Mk1 prototype could lift off for the first time before the end of 2019, a flight debut SpaceX hopes will successfully demonstrate the next-generation spacecraft’s exotic ‘skydiver’ landing method.
SpaceX is in the late stages of building the first full-scale Starship prototypes, known as Mk1 (situated in Boca Chica, Texas) and Mk2 (Cocoa, Florida). The Texas-based Mk1 prototype is by far the furthest along and featured prominently at CEO Elon Musk’s Starship update presentation on September 28th, having been stacked to its final height of ~50m (165 ft) for the first time just days prior.
It’s clear now that more than a little showmanship was involved in the work that lead up to Starship Mk1’s unveiling. Within a week or two of the event, SpaceX technicians had separated Starship’s nose and tail sections, removed all three Raptor engines, and uninstalled the ship’s wings and canards, among other things.
Aside from the nose and tail section demate and removal of flaps, canards, and Raptors, the aero covers that were briefly attached to Starship’s exterior (raceways, canards, flaps, legs) were also removed. One raceway cover may or may not have been a casualty of high winds but all of the above hardware was carefully stored on the ground surrounding Starship Mk1 and is clearly meant to be installed more permanently in the coming weeks.
Nevertheless, Starship Mk1 obviously has a decent ways to go before it can be seriously considered flight-ready. On a positive note, aside from several days spent undressing Starship, SpaceX’s South Texas team (and others traveling from Florida and California) have been working 24/7 in the weeks since Musk’s presentation.
The last two weeks of Starship Mk1 activity have centered around installing the numerous crucial bits and pieces the rocket will need to function. This has included thousands of feet of power cables, avionics wiring, and propellant feed and transfer pipes; industrial-scale power controllers and flight computers, and much more.
The sheer quantity and range of sizes of piping being installed on Starship Mk1 all but confirms that the rocket will be a high-fidelity prototype capable of testing a wide range of capabilities related to autogenous pressurization and Raptor engine ignition. The mirrored presence of three sets of smaller pipes on the vehicle’s raceway (essentially a utility corridor) is a strong sign that Raptor and Starship’s smaller header tanks and COPVs (located in Mk1’s nose section) are closely related.
Some of the excess hot gas produced by Raptor may be tapped to supply COPVs that can then be used to reignite the engines in-flight. More likely, the small pipes are more of a one-way feed line from Starship’s header tanks to its Raptor engines and – as Musk has indicated – the cryogenic liquid propellant in those header tanks will be gasified with electric heaters or gas generators.
Starship gymnastics
Given all of the above, close followers were already readily aware of the fact that Starship Mk1 needed some significant work done before it would be ready for flight. On October 22nd, SpaceX Senior Director Gary Henry confirmed these suspicions, indicating that Starship Mk1’s 20 km (12 mi) flight test debut was now scheduled no earlier than two months from now (December 2019).
According to CEO Elon Musk and other SpaceX engineers, that 20 km flight debut is designed to prove that Starship’s radical new approach to flight and landing is viable. Musk has repeatedly described that Starship will in no way be an actual space plane and has stated that its ‘wings’ and ‘canards’ are not intended to be airfoils or wings. Instead, Starship will reenter Earth’s atmosphere, slow its horizontal velocity to near-zero, and proceed to free-fall straight down, using its fore and aft flaps to control its trajectory in the same way that skydivers use their body and limbs.
This bizarre approach will be capped off with an aggressive landing maneuver in which Starship will ignite its engines, wildly thrust-vector and swerve to cancel out the horizontal velocity imparted by that sideways ignition, and land vertically on Earth (or Mars). In theory, this strategy will radically reduce the amount of fuel Starship needs to land in atmospheres, but it’s far removed from anything SpaceX has attempted with Falcon 9 and Starship Mk1’s first flight will hopefully prove it to be a viable solution.
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
