News
SpaceX’s Starship prototype is looking increasingly rocket-like as hop test pad expands
As SpaceX’s South Texas operations continue full steam ahead in pursuit of the first integrated hop tests of a full-scale Starship prototype, the company’s Starhopper and its complementary launch/hop pad are dramatically and visibly evolving on a daily basis.
This week’s progress has been signified by the installation of familiar rocket hardware on the Ship and a burst of construction – centered around pipelaying, plumbing, foundation work, and berm-building – at its pad. Just a few hundred miles north of Boca Chica, SpaceX’s team of propulsion engineers and technicians reached their own dramatic milestone, conducting the first static fire of a finalized version of the Raptor engine set to power Starship and Super Heavy (formerly BFR).
2-4-2019#SpaceX #TheFuture pic.twitter.com/0YBxk5QXD3
— Austin Barnard🚀 (@austinbarnard45) February 5, 2019
A pad fit for a Starhopper
In the last ~10 days alone (Jan 24-Feb 4), SpaceX pad construction workers and contractors transformed the former dirt mound from a generally flat, planed surface with a spattering of shipping containers and building materials into a hive of welding rigs, propellant and water tanks, major plumbing progress, shaped earth, and the beginnings of new concrete foundations. Thanks to local student Austin Barnard’s reliable drone photography, that pad-specific progress can be more properly visualized.


Taken on January 24th and February 4th respectively, the devil is definitely in the details when it comes to SpaceX’s prospective Starhopper pad development. Most notable is the progress made with the rapidly developing propellant plant and ground systems infrastructure in the left half of the images, marked by hundreds of feet of freshly-installed piping meant to support the process of fueling Starhopper with liquid methane and oxygen. For a rocket as powerful as Starhopper (even with just three Raptor engines), cooling both the propellant and the concrete launch and landing pad is no less important, visible in the shape of three large water tanks (lefthand foreground) and a smaller radiator stack (just to the right of two taller, skinnier white tanks.
Aside from the rapid rise of the first BFR propellant farm and its supporting equipment, SpaceX has progressed into the installation of a trio of concrete foundations just to the right of the dirt berm and propellant tank area. Standing as close as it is to said propellant tanks, it seems unlikely that the new foundation-laying is related to the pad (or a stand) meant to support early Starhopper hop tests, although SpaceX’s Falcon 9-era Grasshopper and F9R hop test vehicles operated about the same distance from its propellant infrastructure. SpaceX’s South Texas site also features a sort of satellite pad at its east end (the right side in attached photos) that could have a future as an integration hangar or a secondary landing zone to allow for Starhopper to perform divert tests.
- Rockets are perhaps even more capital intensive. (SpaceX)
- BFR’s booster is at least three times more powerful still than BFS at liftoff. (SpaceX)
- BFR (2018) breaks through a cloud layer shortly after launch. (SpaceX)
- (SpaceX)
- BFR’s booster, now known as Super Heavy. (SpaceX)
Depending on whether SpaceX actually intends to develop the land shown above into an actual full-scale launch facility for BFR (Super Heavy and Starship), it could also remain generally unchanged until Starhopper’s hop test program has been run to completion, at which point everything seen above would likely be rebuilt from scratch to accommodate for any drastic changes in function. SpaceX’s Boca Chica might simply be too small to support a pad capable of launching Super Heavy (nearly twice as powerful as Saturn V at full thrust), measuring in at considerably less than ~10 acres of usable area compared to LC-40’s ~20 acres and Pad 39A’s ~50+ acres. CEO Elon Musk has also hinted at using a giant floating platform for early orbital BFR launches, although that might prove even harder (and more costly) than building a traditional land-based pad.
Becoming a rocket
Meanwhile, the aft engine/fin/tank section of SpaceX’s Starship prototype (unofficially nicknamed Starhopper) has experienced a stream of hardware additions and improvements, modifying its relatively awkward and unfinished steel base with what appear to be Falcon 9-sized quick-disconnect umbilical panels, a functional propellant tank header, and mounting hardware for carbon-overwrapped pressure vessels (COPVs). By using hardware that is proven and easy to manufacture, SpaceX can save a huge amount of time that would otherwise need to be spent engineering subassemblies that (at risk of undervaluing the challenge) are generally known-quantities – more a matter of time and effort than an actual technical hurdle.
- B1048’s second umbilical panel (blue for oxygen). (Pauline Acalin)
- Falcon 9 B1048 displays one of two umbilical panels (red for kerosene) after its first launch. (Pauline Acalin)
- Starhopper’s partially completed umbilical panel as of Feb. 4th. (NASASpaceflight – bocachicagal)
- A SpaceX technician or contractor is pictured here cutting out sections of Starhopper’s steel hull to route umbilical panel piping. (NASASpaceflight – bocachicagal, 02/03/19)
- Starhopper also had a tank header installed on February 5th, complete with pressure regulation and propellant feeding hardware. (NASASpaceflight – bocachicagal)
While they are clearly still in a rough, unfinished form, Starhopper’s umbilical panels are already easy to recognize when compared alongside Falcon 9’s iconic red and blue panel pairs. In essence, whereas Starhopper has been a largely unknown quantity with no familiar aspects since it began to come together late last year, the Starship prototype has recently had hardware installed that is finally revealing subtle SpaceX signatures in its design and assembly.
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Elon Musk
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
Investor's Corner
SpaceX makes $20 billion move to optimize its balance sheet
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.
SpaceX officially acquires xAI, merging rockets with AI expertise
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.
Elon Musk
SpaceX confirms third massive compute deal at Colossus data center
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.









