SpaceX
SpaceX workers cap Starship with tank dome as Raptor arrivals and hop tests near
SpaceX employees and local contractors continue to outfit the aft section of the first full-scale BFR prototype with a variety of important components, recently culminating in the installation of the Starship hopper’s top propellant tank dome,
Critical to the arrival and installation of its Raptor engines and the craft’s first hop tests, this work continues despite the premature demise of Starhopper’s apparently fragile nose cone (fairing), toppled on January 22nd when fairly mild winds of around 50 mph (80 km/h) encountered the shoddy rigging meant to keep the huge but lightweight hardware on its concrete stand.
Meanwhile, in Boca Chica: A crane is making offerings to the Starship Hopper propulsion element to distract it from the ongoing surgery taking place on its fairing/nosecone inside the adjacent SpaceX medical tent.#Dramatized 😉
📸NSF's BocaChicaGal https://t.co/yAb43bfD06 pic.twitter.com/l85a180Daa
— NSF – NASASpaceflight.com (@NASASpaceflight) January 25, 2019
As photos and the media fervor that ensued generally illustrate, the nose section certainly was not effectively held to its concrete stand, causing the insufficient rigging to break and the large sheet metal structure to unceremoniously collapse and fold in half under its own weight. While 50 mph (90 km/h) gusts are not insignificant, they are also fairly common, especially when located on the unprotected edge of the South Texas Coast in the middle of the winter.
Put in a slightly more direct fashion, building a complex structure outside without ensuring that it will be able to withstand the region’s average inclement weather would be an embarrassing oversight for even the most basic construction project, no less SpaceX’s first Starship prototype. It’s also possible that local construction contractors are being leaned on to complete an aerospace-ish project they would likely have little practical experience with, in which case run-of-the-mill workplace miscommunication or a failure to double-check work (rigging) could have easily led to the fairing’s demise.
Regardless, what is done is done and whatever lessons were learned the hard way will hopefully prevent a repeat and encourage better workmanship throughout the project.
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- Starhopper’s nose section seen a few days before completion, Jan 4. (NASASpaceflight – bocachicagal)
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- Starhopper is pictured here as its nose and aft sections were successfully joined for the first time, Jan 8. (NASASpaceflight – bocachicagal)
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- Starhopper’s ring of nose holes is particularly visible in overcast conditions. Too small for worker access, they may be intended for RCS thrusters. (NASASpaceflight – bocachicagal)
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- RIP nose cone, 1/04/2019-1/22/2019
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- A few days after the nose cone’s demise, SpaceX workers began the process of installing Starhopper’s topmost tank dome. (NASASpaceflight – bocachicagal)
Capping the Starhopper
With the crumpled fairing section now beginning repairs under SpaceX’s lone on-site tent, SpaceX workers and contractors got back to the (available) tasks at hand and took another step towards Starhopper’s completion, installing the craft’s topmost propellant tank dome and effectively ‘capping’ the most important segment of the prototype.
I just heard. 50 mph winds broke the mooring blocks late last night & fairing was blown over. Will take a few weeks to repair.
— Elon Musk (@elonmusk) January 23, 2019
Recently described by SpaceX CEO Elon Musk as a “fairing”, the upper section of Starhopper can presumably be compared with Falcon fairings, while the aft half – to feature two common-dome propellant tanks and an engine section with three Raptors – is likely roughly equivalent with Falcon 9 or Falcon Heavy boosters. For Falcon, fairings are dramatically less valuable than boosters (or upper stages) and far easier to produce. Aside from a collection of holes cut around its base, the nose section does appear to be more of an aerodynamic cap than anything with an active function, lending some credence to Musk’s claim that it “will take a few weeks to repair.”
After capping Starhopper’s tank and engine section, additional tank segments continued to be craned inside the aft section through the top dome’s large header gap, presumably allowing workers to finish up work while the craft is quite literally built around them, an undeniable method of saving time.
1-24-19 #spacex pic.twitter.com/rwjS3Uklz9
— Austin Barnard🚀 (@austinbarnard45) January 24, 2019
Up next, the most obvious milestone for Starhopper will be the static firing of its Raptor engines at SpaceX’s McGregor, Texas test facilities, followed soon after by the delivery of the first flight-worthy engines to Boca Chica for installation on the Starship prototype. Given Musk’s January 5th estimate that SpaceX was 4 to 8 weeks away from the first hop test and the Jan. 23rd addition of “a few weeks” to repair the craft’s nose section, it’s probably safe to expect Starhopper’s first hop tests to begin no earlier than (NET) mid-March. This should also give construction workers a welcome influx of time to complete the Falcon 9-class hopper’s first rough launch pad.
Elon Musk
SpaceX’s newest Starmind will make earth data centers obsolete
Elon Musk confirmed Starmind as SpaceX’s AI satellite constellation name, targeting one million orbital compute nodes.
Elon Musk confirmed that Starmind will be the official name of SpaceX’s planned AI satellite constellation, following a trademark filing by xAI that surfaced earlier this week. Starmind is what’s being described to the FCC as a constellation of up to one million AI satellites
It’s worth noting that SpaceX’s Starlink communication satellite and Starmind are built on the same orbital infrastructure concept but serve entirely different purposes. Starlink is a connectivity network, with satellites receiving and relaying data between points on Earth, and functioning as a high-speed internet backbone in space. The satellites themselves do not process or think, and move information from one place to another, the same function a fiber cable performs underground.
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Starmind, on the other hand, is something completely different, and tather than moving data, its satellites would compute data through artificial intelligence and directly in orbit using onboard processors powered by large solar arrays. Where a Starlink satellite is essentially a very fast pipe, a Starmind satellite is a server. The practical implication is that Starmind would allow AI models to run inference, process queries, and generate outputs from space, then beam results down to users anywhere on Earth within milliseconds, and without the data ever needing to travel to a terrestrial data center.
Starship will be able to carry 30 to 50 AI1 satellites per launch, delivering the equivalent of dozens of server racks per flight, with no land acquisition, no power grid approval, and no cooling infrastructure required on the ground.
SpaceX is pursuing this new technology as terrestrial data centers are running into hard limits such as lack of physical space, community opposition, and power and water consumption at a scale that is increasingly difficult to permit. Space has unlimited solar power, natural vacuum cooling, and no zoning boards. Musk said in a June 8 video presentation that he expects space to become the lowest-cost location to deploy AI compute within two to three years. Two AI1 prototypes are scheduled to launch in early 2027, with volume production targeted for the end of that year at a new facility called Gigasat.
The real world applications Starmind enables extend well beyond powering Grok. A constellation of orbiting AI processors could run inference workloads for any paying customer, anywhere on Earth, with latency measured in milliseconds rather than the seconds associated with ground-based cloud routing across continents. Starmind, if it scales as described, would make SpaceX the landlord of AI compute the same way Starlink made it the landlord of satellite internet.
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.
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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.
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