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Elon Musk: SpaceX’s first orbital Starship launch “highly likely” in Q1 2023
SpaceX’s first Starship orbital launch mount (OLM) appears to have passed a busy week of stress-testing, clearing the way for the company to transport a finished Super Heavy booster to the pad.
Using the same launch mount, that Starship booster is expected to attempt to complete some of the riskiest and most challenging tests SpaceX has ever conducted at its Starbase rocket development facilities. The schedule for that testing is unclear, but after an unusually drawn-out period of qualification testing, Super Heavy Booster 7 (B7) could soon attempt a full static fire test of all 33 of its Raptor 2 engines. Either before or after that crucial test, SpaceX is also expected to install Ship 24 (S24) on top of Super Heavy B7 for Starship’s first full-stack “wet dress rehearsal.”
Ultimately, if that testing produces the results SpaceX wants to see, CEO Elon Musk says that Starship could attempt its first orbital launch as early as late February or March 2023.
We have a real shot at late February. March launch attempt appears highly likely.— Elon Musk (@elonmusk) January 8, 2023
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
Booster 7
Super Heavy B7 first left SpaceX’s Starbase factory in March 2022 and has been in a continuous flux of testing, repairs, upgrades, and more testing in the nine months since. The 69-meter-tall (~225 ft), 9-meter-wide (~30 ft) steel rocket was severely damaged at least twice in April and July, requiring weeks of substantial repairs. But neither instance permanently crippled the Starship booster, and Booster 7 testing has been cautious but largely successful since the rocket’s last close call.
Following its return to the OLS in early August, Super Heavy B7 has completed six static fire tests of anywhere from one to fourteen of its 33 Raptor engines. It has almost certainly dethroned Falcon Heavy to become the most powerful SpaceX rocket ever tested. And on January 8th, 2023, SpaceX rolled the rocket back to Starbase’s orbital launch site (OLS) for the seventh time. According to statements made by CEO Elon Musk and a presentation from a NASA official, the last major standalone test between Booster 7 and flight readiness is a full 33-engine static fire. Together, B7’s 33 Raptor 2 engines could produce up to 7600 tons (16.7 million lbf) of thrust at sea level, likely making Starship the most powerful rocket stage in the history of spaceflight.
Ship 24
Starship prototype S24’s path has been a bit less rocky. The ship has needed some less obvious repairs, particularly right after its first tests in May 2022. Since August 2022, Ship 24 has completed three static fire tests – all seemingly successful. Most importantly, one of those tests ignited all six of S24’s Raptor engines, potentially qualifying it for an orbital launch attempt. Most recently, SpaceX completed a series of mysterious repairs, replaced and static-fired one of S24’s engines, and removed the Starship from its test stand.
With Booster 7 now awaiting installation on Starbase’s orbital launch mount and Ship 24 near-simultaneously removed from its test stand, it appears that SpaceX may attempt a different test before Super Heavy’s full static fire. Instead, SpaceX could start by stacking Ship 24 and Booster 7 and conducting a full-stack wet dress rehearsal (WDR) before shifting focus to Booster 7’s riskier static fire.
A wet dress rehearsal is a routine test conducted before a rocket launch and is generally designed to simulate every aspect of a launch save for engine ignition and liftoff. Most importantly, that involves fully filling the rocket with propellant and passing all of the checks the same rocket would need to pass to be cleared for launch. For Starship, the largest rocket ever built, a full propellant load means filling both stages with an extraordinary ~5000 tons of liquid oxygen and liquid methane propellant. SpaceX also needs to fill the rocket fast enough to keep that propellant supercool, which increases its density and overall performance.
The first full-stack WDR will thus test Starbase’s launch facilities just as much as Booster 7 and Ship 24. SpaceX has conducted many several Starship WDRs, but not with Ship 24. It’s also never fully filled a Super Heavy booster with real propellant, let alone both stages at once. It’s likely that issues will be discovered as SpaceX pushes the envelope, likely requiring multiple attempts.
OLS
In the spirit of caution, SpaceX has even taken the unusual step of stress-testing Starship’s orbital launch mount with a custom jig. In the first week of 2023, SpaceX used that jig to load pairs of the OLM’s 20 hold-down clamps with hundreds of tons of ballast, ensuring that they can withstand the immense weight of a fully-fueled Starship. Proof tests of Super Heavy B4 and B7 have likely subjected the OLM to 2000+ tons of force, but a full Starship will weigh more than double the maximum weight the OLM has experienced to date.
Plenty of risk remains and SpaceX is trading speed for caution, but this extra-cautious step has likely reduced the risk of the launch mount’s structure failing during wet-dress and static fire testing. According to Musk, SpaceX has a “real shot” at preparing Starship for a “late February” orbital launch attempt. Nonetheless, Musk also implied that a full-stack WDR and 33-engine static fire would “probably” be completed “in a few weeks” in September 2022. What is clear is that SpaceX is more committed than ever before to avoiding a catastrophic failure during Starship’s first orbital launch attempt.
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
