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A SpaceX Starship prototype just lifted off – but not how it was supposed to
SpaceX’s newest Starship spacecraft prototype unintentionally lifted off during a critical test at the company’s Boca Chica, Texas facilities – a development that was almost certainly unplanned.
On February 26th, under the cover of an incredibly thick fog bank, SpaceX carefully transported its second full-scale Starship prototype – measuring some 30m (100 ft) tall and 9m (30 ft) wide – to its Boca Chica, Texas launch and test pad, situated just a mile or so down the road from an ever-growing rocket factory. After just two days of last-second work spent outfitting the giant rocket tank with a few additional sensors and fully connecting it to ground systems (electricity, communications, and fluids), SpaceX kicked off the second cryogenic ‘proof’ test of an integrated Starship tank section.
An opaque layer of frost quickly developed on the ship’s mirror-smooth hull, effectively serving as a giant gauge for the liquid nitrogen pooling inside it. About an hour after faux-propellant (liquid nitrogen) loading began, Starship SN01’s liquid oxygen tank violently burst, causing the entirety of the vehicle’s 30-40 metric ton (65,000-90,000 lb) bulk to launch several dozen feet into the air. Stacked atop the oxygen tank, SN01’s methane tank – likely pressurized with nitrogen or oxygen gas – shot off like a house-sized bullet when the rest of the tank section impacted the ground, flying some 150-300+ meters (500-1000 ft) from the pad.
Long-time Boca Chica resident, photographer, and videographer Mary (also known as “bocachicagal” on forums) captured the seemingly unintentional Starship failure in spectacular detail on February 28th. Given how high the heavy vehicle jumped after its aft tank dome failed, as well as how fast the house-sized methane tank flew after it breached, it’s safe to say that both were significantly pressurized before the anomaly.
What’s unclear is what exactly went wrong with Starship SN01 and whether SpaceX expected it to fail during the test. Known as a cryogenic proof test, SpaceX pressurized the ship’s tanks with liquid nitrogen and a gas of some kind in an effort to verify its structural integrity and determine if it was safe to proceed to more risky tests. According to CEO Elon Musk, Starship SN01 was actually meant to support a full wet dress rehearsal (WDR) with liquid oxygen and methane, followed by a Raptor engine static fire test shortly thereafter.
That plan is clearly moot, now, and also seems to indicate that SpaceX is likely somewhat surprised about the outcome of SN01’s first proof test. Thankfully, this particular Starship was built quickly (and thus likely cheaply), coming together in an unfathomable four weeks. Additionally, SpaceX’s second serial Starship prototype (SN02) is already well on its way to the launch pad, with multiple sections of stacked steel rings in work. Based on the four or so weeks SN01 took to go from first weld to pressure test, SN02 could be just two or three weeks away from its own proof test debut.
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Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
