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SpaceX Starship go for nosecone installation after historic static fire
SpaceX CEO Elon Musk has confirmed that Starship and Raptor’s first triple-engine static fire was a success, opening the door for nosecone installation.
Around 3:13 am CDT, October 20th, Starship serial number 8 (SN8) successfully fired up three Raptor engines less than two hours after completing the first successful three-engine preburner test. With zero direct human intervention, SpaceX remotely detanked the rocket’s cryogenic liquid methane and oxygen propellant – the remnants now too warm to be used again in a controlled manner. In an hour or less, SpaceX engineers combed through the data produced and concluded that all three Raptor engines were healthy after their partial ignition test.
Effectively reset to a stable state, SpaceX once again proceeded to load Starship SN8’s propellant tanks with a small amount of supercooled LOx and LCH4, almost exactly mirroring the preburner test. Around 50 minutes after the recycle commenced and 25 minutes after propellant loading kicked off, Starship SN8 ignited three Raptors simultaneously – a major milestone for any rocket engine. Static fire now completed, Starship SN8 has been cleared to become the first operational prototype to reach its full 50m (~165 ft) height.
Shortly before Musk confirmed SN8’s static fire success, SpaceX canceled a preexisting October 20th static fire window and scheduled several new road closures on Wednesday, October 21st. Unlike the company’s recent static fire closures, all but one of which ran from 9pm to 6am, SpaceX’s new Wednesday closures are scheduled from 7am to noon and 3pm to 5pm local (CDT).
While a minor data point, in context with Starship SN8’s static fire success, the closures alone made it clear that SpaceX planned to begin installing Starship SN8’s nosecone on October 21st. Musk confirmed that assumption a few hours after those road closures were published.
It’s not entirely clear but most observers are assuming that Wednesday’s 7am-12pm window is needed to transport a large, new crane the ~2 miles between SpaceX’s Boca Chica factory and launch facilities. Starship SN8’s stacked nose section would then likely be installed on the same self-propelled mobile transporters (SPMT) and rolled to the launch pad from 3pm to 5pm, after which the nose would be lifted and stacked atop Starship SN8.
SpaceX has only fully stacked a Starship prototype once before when Mk1’s nose section was temporarily mated to its tank section to be the centerpiece of CEO Elon Musk’s October 2019 Starship event. It’s unclear why SpaceX wouldn’t simply use one of the mobile cranes its rented for Starship tank section operations (and stacking Mk1) in the past, so it remains to be seen what Wednesday’s road closures will actually be used for.
SpaceX’s road closure plans end with a wildcard, however. Once installed, the plan is to perform a second triple-Raptor static fire while only drawing propellant from SN8’s header tanks – small internal tanks designed to hold landing propellant, one of which is situated at the tip of Starship’s nosecone. On October 21st and 22nd, SpaceX still has two 9pm-6am closures scheduled for “SN8 static fire” testing. Filed early on October 20th, before SN8’s successful static fire, the most likely explanation is a simple clerical error or miscommunication, with Cameron County or SpaceX failing to properly communicate that those subsequent static fire test windows are no longer needed.
If retaining the static fire closures was intentional, it would mean that SpaceX – likely at Musk’s urging – intends to install Starship SN8’s nosecone in a matter of hours. It’s almost inconceivable that Starship SN8’s nosecone – outfitted with multiple gas thrusters, forward flaps powered by Tesla motors, a liquid oxygen header tank, vents, and plenty of plumbing – can be installed and made ready for testing in less than 12 hours. Barring a surprise method of mating SN8’s nose and tank sections, the nosecone will have to be welded to the rest of SN8 and the weld inspected – typically a multi-day process.
Regardless, given how quickly SpaceX moves and how dead-set CEO Elon Musk is at pushing limits and breaking barriers, it seems reasonable to assume that Starship SN8 may be fully integrated and ready for a second static fire test just a handful of days from now. Once completed, SN8 will be ready to attempt Starship’s first high-altitude flight test, launching to ~15 km (~9.3 mi) to attempt an untested skydiver-style descent and landing.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
