News
SpaceX Starship Mk1’s most important tests yet could begin just hours from now
SpaceX’s South Texas Starship Mk1 prototype is on the verge of kicking off a critical period of ground tests, ranging from tank pressurization and propellant loading to the rocket’s first triple-Raptor engine static fire. The campaign could begin soon – perhaps as soon as later today, in fact.
Over the last two weeks, SpaceX’s South Texas team has faced bad winter weather, among the many other challenges associated with building giant rockets almost entirely out in the elements. Nevertheless, company technicians and engineers continue to check off task after task along the path towards Starship Mk1 completion, the next-generation launch vehicle’s first full-scale, high-fidelity prototype.
In the month of November alone, SpaceX has (re)installed Starship Mk1’s nose and aft section flaps (this time outfitted with heavy-duty actuator mechanisms), nearly completed the process of routing and integrating the vehicle’s external liquid and gas plumbing, and more or less finished a barebones launch mount. Starship Mk1 was snugly attached atop that launch mount around the start of the month and workers have continuously swarmed around the rocket and pad in scissor and boom lifts and ever since, closing out umbilical connections, insulating cryogenic propellant pipes, and much, much more.
Within the last week or so, SpaceX has apparently also begun the process of expanding its presence around its existing Boca Chica pad facilities, where Starship Mk1 is preparing for testing. The purpose of that expansion is unclear, but the first phase – extending the existing square landing pad – is essentially complete and will presumably give Starship Mk1 a better chance of successfully landing in the event that its first skydiver-style landing attempt is not as accurate as predicted.
Based on official renders/mockups in SpaceX’s updated 2019 launch animation, it could also eventually become the foundation of a much more permanent integration and processing hangar, much like the hangars that SpaceX uses to integrate Falcon 9 and Heavy at its Florida and California launch sites. It could even be the foundation for a dramatically larger Super Heavy-class launch mount and water-cooled flame deflector like the one shown in that same video. For now, Starship Mk1 will begin testing (and presumably first flights) off of a minimal steel mount that was built up from almost nothing in barely two months.
No nose, no problem?
As previously discussed on Teslarati, the testing Starship Mk1 is preparing for could take a number of routes to completion, but all of those routes will likely involve several main events. First, SpaceX may or may not decide to do a preliminary tank proof test with neutral (i.e. non-explosive) liquid nitrogen, which would verify the structural integrity and determine if there are leaks in what is essentially a building-sized pressure vessel.
SpaceX may instead skip that – it would require a vast and unwieldy quantity of liquid nitrogen – and move directly into the first cryogenic propellant loading test, in which SpaceX would attempt to fully fill Starship’s tanks with liquid oxygen and liquid methane. Assuming Starship Mk1 is 1:1 scale, that could involve as much as 1200 metric tons (2,650,000 lbs) of propellant, more than twice as much fuel as a Falcon 9.
In other words, Starship’s inaugural propellant loading attempt will be almost at the same scale as Falcon Heavy’s, which took several attempts, broke some hardware, and was a major learning experience and challenge on its own. A structural failure or explosion could be absolutely catastrophic, as those ~1200 tons of fuel and oxidizer could act as a massive bomb under the right conditions.
According to road closure notices published by Cameron County, SpaceX is expected to begin operations that require road closures as early as November 18th from noon to 8 pm CST, with backups on the 19th and 20th. Another window opens on the 25th at the same time, with backups on the 26th and 27th. To be clear, there is no official word that SpaceX actually means to start cryogenic ground testing with Starship Mk1 today, but it’s not necessarily out of the question.
Whenever SpaceX does decide to start Starship Mk1 ground testing, it will be an immensely important milestone, signifying the start of the period that will essentially determine whether SpaceX’s deeply unusual manufacturing methods can build a structurally-sound, high-performance rocket prototype for pennies on the dollar. In simple terms, if Starship Mk1 behaves as planned, commercial spaceflight may never be the same.
Check out Teslarati’s Marketplace! We offer Tesla accessories, including for the Tesla Cybertruck and Tesla Model 3.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
