SpaceX
SpaceX’s Starship reaches new heights as Elon Musk teases Q1 2019 hop tests
In a burst of activity that should probably be expected at this point but still feels like a complete surprise, SpaceX technicians took a major step towards completing the first Starship hopper prototype by combining the last two remaining sections (aft and nose) scarcely six weeks after assembly began.
SpaceX CEO Elon Musk also took to Twitter late last week to offer additional details and post what appears to be the first official render of Starship’s hopper prototype, which is now closer than ever before to looking like the real deal thanks to the incredible drive of the company’s southernmost employees. With the massive rocket’s rough aeroshell and structure now more or less finalized, Musk’s targeted February/March hop test debut remains ambitious to the extreme but is now arguably far from impossible.
A quiet day as #SpaceX workers were having lunch and enjoying a well deserved break under the shadows of their creation. The wings/legs of the vehicle are getting an aesthetic touch up. 😍🚀 #Starshiphopper #ElonMusk #RGV pic.twitter.com/Y0zNGUNily
— Austin Barnard🚀 (@austinbarnard45) January 7, 2019
Where there was literally just a tent and some construction equipment barely eight weeks ago, SpaceX’s Boca Chica facilities now sport one of the most bizarre developments in recent aerospace history — a vast, ~30 ft (9m) diameter rocket being built en plein air out of tubes and sheets of common steel. At the current pace of work, 24 hours is often enough for wholly unexpected developments to appear, and this Starship hopper (Starhopper) is beginning to look more and more like its concept art as each day passes.
Aside from a few well-earned slow days last weekend, SpaceX technicians, engineers, and contractors have spent the last week or so shaping Starhopper into a form more reminiscent of the conceptual render (clearly hand-painted) Musk posted on Saturday. This primarily involved stacking a tall conical nose section atop a separate cylindrical body section, followed by gradually cladding both the aft section’s legs and barrel in sheets of stainless steel, presumably intended to improve both its aesthetic and aerodynamic characteristics.
Starship test vehicle under assembly will look similar to this illustration when finished. Operational Starships would obv have windows, etc. pic.twitter.com/D8AJ01mjyR
— Elon Musk (@elonmusk) January 5, 2019
SpaceX's Big Falcon Hopper/Starship Hopper at Boca Chica now has the three sections mated:#Shiny
Photo from NSF's BocaChicaGal:https://t.co/4RG5vZW4rN pic.twitter.com/Sd6W0Jepro
— NSF – NASASpaceflight.com (@NASASpaceflight) January 8, 2019
Notably, technicians have installed two out of three (?) aerodynamic shrouds at the top of each steel tube leg, bringing Starhopper’s appearance even closer to the smooth and polished aesthetic of its conceptual sibling.
Starhopper’s hopped-up hop test ETA
Musk later replied to a question related to Starhopper’s near-term schedule and stated that the nominal target for its first flight test was – almost unfathomably – four weeks away, although he admitted in the same response that that would probably translate into eight weeks due to “unforeseen issues”, placing the actual launch target sometime between February and March 2019. Just to reiterate, the site Starhopper is currently located on was quite literally empty – aside from the temporary tent – in late November 2018, barely more than six weeks ago.
Another great and beautiful day at #spacex today and progress is being made. I hope you all enjoy them, and have an amazing day.😃❤️🚀📸 pic.twitter.com/A9ukmdbgZI
— Austin Barnard🚀 (@austinbarnard45) January 5, 2019
To plan to go from a blank slate to actual integrated flight tests of a rocket – no matter how low-fidelity – that is 9m (~30 ft) in diameter, at least 40m (~130 ft) tall, could weigh as much as 500 tons (1.1M lbs), and may produce ~600 tons (~1.35M lb/f) of thrust at liftoff is extraordinarily ambitious even for SpaceX. At the end of the day, significant delays to Musk’s truly wild timeline are very likely, but it seems entirely possible at this point that Starhopper really could begin its first hop tests in the first half of 2019, kicking off a test program currently aiming for flights as high as 5 km (3.1 mi) and as long as 6 minutes.
A whole range of things will have to go perfectly right for a timeline as ambitious as this to be realized, including but not limited to successfully acceptance-testing three brand new and recently-redesigned Raptor engines, the completion of Starhopper’s unfamiliar structures, propellant tankage, plumbing, and avionics, and the completion of a rough launch and landing pad and integration facilities, if needed. Aside from those big ticket items, many dozens of other smaller but no less critical tasks will have to be completed with minimal to no unforeseen hurdles if hop tests are to begin just a few months from now.
And follow up from NSF member "bocachicagal"
Mating complete! 🙂 pic.twitter.com/LbR0PKENII
— NSF – NASASpaceflight.com (@NASASpaceflight) January 4, 2019
Regardless, SpaceX has pulled off miraculous tasks much like this in its past, and the possibility that the company’s brilliant, dedicated, and admittedly overworked employees will do so again should not be discounted.
For prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket recovery fleet check out our brand new LaunchPad and LandingZone newsletters!
Investor's Corner
SpaceX to report first-ever earnings today: here’s what to expect
Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
Elon Musk
SpaceX’s biggest test yet arrives this week and it’s not a rocket launch
SpaceX will report second quarter results after the market closes on Tuesday, August 4, marking the first time the company has opened its books to the public since its record IPO in June. Management will host a live audio only webcast at 4:30 p.m. ET, streamed on X, with no dial in option.
The debut carries more weight than a typical first quarter as a public company. Two trading days after the release, on August 6, the first tranche of SpaceX’s lockup expires, freeing roughly 911.5 million insider and employee shares, worth well over $100 billion at current prices and the largest such release in Wall Street history. A second, larger tranche tied to the stock trading 30 percent above its $135 IPO price never triggered, since shares have spent most of July trading below that price.
Wall Street’s models point to revenue near $6.9 billion for the quarter, up sharply from the $4.69 billion SpaceX reported in the first quarter, with a narrower per share loss than the $1.27 posted three months earlier, according to estimates compiled by Motley Fool. Those numbers will be the first look at how SpaceX’s three segments, Starlink, launch and AI, are performing independently.
SpaceX scores another massive Pentagon deal to support military satellites
Investors heading into the call have a specific list of questions. How many net new Starlink subscribers did SpaceX add after ending March with 10.3 million, and is average revenue per user holding up as the service expands into lower income markets. How much of the AI segment’s revenue reflects contract signings with Anthropic, Google and Reflection AI this year, deals that combined could annualize to nearly $28 billion if fully ramped. Whether capital expenditures, which nearly doubled in the AI segment alone between 2024 and 2025, are still accelerating or starting to plateau. And whether management offers any forward guidance at all, something SpaceX has never done publicly.
The report will also land days after Elon Musk publicly denied a Wall Street Journal report describing internal planning to separate Tesla’s China business ahead of a potential Tesla-SpaceX merger. Whether Musk or SpaceX executives address that speculation on the call, even indirectly, maybe something investors will be listening for on Tuesday.
As Teslarati reported after Musk’s own warning to short sellers last week, the CEO has made clear he expects skeptics to be proven wrong over time. Tuesday will be the first chance for the numbers themselves to make that case.
Elon Musk
SpaceX’s Starship just got filmed by its own cargo
SpaceX released new footage of Starship in space captured by the Starlink satellites it deployed.
SpaceX released a new video Friday evening showing Starship from an angle showcased by its own Starlink satellites, watching the rocket drift away in orbit.
The 65 second clip, posted on X, stitches together footage from four cameras mounted on a single Starlink V3 satellite. It opens with a close view of Starship’s 171 foot upper stage, still catching sunlight, then pulls back as the two spacecraft separate.
The footage comes from Starship’s 13th flight test, which launched July 24 from Starbase after a scrubbed attempt and an abort caused by an engine issue the week before. When Flight 13 finally flew, it carried the first batch of functional Starlink V3 satellites Starship has ever deployed, twenty of them, with six equipped with cameras meant to scan the ship’s heat shield during reentry.
View of Starship in space from a Starlink V3 satellite on Flight 13.
This composite is made of imagery from four separate cameras on a single satellite. Six of the satellites were equipped with cameras to scan Starship’s heat shield and transmit imagery down to operators to… pic.twitter.com/sNTHHz5vLr
— SpaceX (@SpaceX) July 31, 2026
Flight 13 checked most of its boxes. Starship deployed all 20 satellites, relit a Raptor engine in space, and splashed down softly in the Indian Ocean off Western Australia. Musk’s longer term plan calls for a Starlink V3 constellation of 100,000 satellites, according to a recent FCC filing, with Starship as the only vehicle capable of launching them at the volume that requires. Each Starship flight is designed to carry up to 60 V3 satellites once the vehicle reaches routine service, well beyond what Falcon 9 can carry in a single mission.
Starship is next expected to fly with an attempt at catching the ship itself with the launch tower’s mechanical arms, a maneuver SpaceX has so far reserved for the Super Heavy booster.

