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SpaceX’s Starship could launch secret Turkish satellite, says Gwynne Shotwell
According to SpaceX COO/President Gwynne Shotwell and a Turkish satellite industry official, Starship and Super Heavy may have a role to play in the launch of Turksat’s first domestically-procured communications satellite.
Per Shotwell’s specific phrasing, this comes as a bit of a surprise. Built by Airbus Defense and Space, SpaceX is already on contract to launch Turksat’s 5A and 5B communications satellites as early as Q2 2020 and Q1 2021, respectively. The spacecraft referred to in the context of Starship is the generation meant to follow 5A/5B: Turksat 6A and any follow-on variants. Turksat’s 6-series satellites will be designed and manufactured domestically rather than procured from non-Turkish heavyweights like Airbus or SSL. However, the Turksat 6A satellite’s current baseline specifications would make it an extremely odd fit for a launch vehicle as large as Starship/Super Heavy.
Curiously, in written statements to Turkish media outlets, Turkish Aerospace Industries (TAI) referred to a “Turksat 6A2” satellite for the first time ever. Prior to comments made at the Satellite 2019 conference, Turksat’s prospects beyond 5A/5B were simply referred to as “Turksat 6A”, a ~4300 kg (9500 lb) domestically-built communications satellite scheduled for completion no earlier than the end of 2020. Turksat 5A and 5B will both be approximately 4500 kg (9900 lb), well within the capability of the flight-proven Falcon 9 rockets they are expected to launch on.
Why, then, might Starship “[potentially] work for the next Turksat project”, as suggested by Shotwell? Referring to what Turksat GM Cenk Sen then described as “6A2”, Shotwell noted that the satellite would be “quite a large, complex satellite.” While undeniably massive relative to almost anything else, the 4300-kg Turksat 6A is actually in the middle of the road (maybe even on the smaller side) relative to most geostationary communications satellites built and launched in the last few years.
We’re gonna need a bigger speculation…
SpaceX COO and President Gwynne Shotwell would know this as intimately as anyone, given her essential role at the head of the launch services provider. Most recently, SpaceX used Falcon Heavy to launch Arabsat 6A (6500 kg/14,300 lb) to a uniquely high transfer orbit of ~90,000 km (56,000 mi). In the second half of 2018, Falcon 9 was also tasked with launching Telstar 18V (7060 kg/15,560 lb) and 19V (7076 kg/15,600 lb) to geostationary transfer orbits (GTO), with 19V technically becoming the heaviest commercial communications satellite ever launched.
SpaceX is also just a few days away from launching 60 Starlink test satellites, reportedly set to become the company’s heaviest payload ever with a mass greater than ~13,000 kg (30,000 lb). Put simply, SpaceX is about as familiar as one can possibly get with not only launching – but even building – truly massive and complex satellite payloads.
In short, it appears that “Turksat 6A2” may refer to an extremely ambitious follow-on to Turksat 6A (perhaps 6A1?). To warrant the use of Starship over the then highly-proven and well-paved Falcon 9 or Heavy, Turksat 6A2 would indeed have to be what Shotwell referred to as “quite a large, complex satellite”. In a recoverable configuration, Falcon 9 is capable of placing about 5500-6000 kg into a full GTO. Falcon Heavy allows for 8000-10000 kg, with the latter option assuming that all three boosters land on drone ships. Steel Starship’s performance – with or without tanker refueling – is effectively an unknown quantity at this point in time, although SpaceX CEO Elon Musk says more Starship info will be provided this year at a dedicated June 20th event.
Aside from questions of payload performance of Starship/Super Heavy relative to Falcon 9/Heavy, it’s unclear when the next-gen SpaceX rocket will actually be ready to start launching commercial payloads. Back in December 2018, Musk estimated that Starship had a 60% chance of reaching orbit by the end of 2020, with confidence on the rise as the company transitioned BFR’s structure from carbon composites to stainless steel. Four months after that estimate, a low-fidelity Starship prototype – nicknamed Starhopper – successfully completed two Raptor-powered test fires, straining a few feet into the air against large tethers. Meanwhile, Raptor testing continues in McGregor, Texas, while progress is also being made on what is said to be the first orbit-capable Starship prototype a few thousand feet from Starhopper.
A long path to orbit
Before SpaceX can begin orbital launch attempts with Starship, the company will need to build a new launch complex (or develop a floating launch platform), complete with processing and integration facilities also built from the ground up. Additionally, at least one massive Super Heavy booster will be needed for Starship to deliver more than just itself to orbit. Starship’s unprecedented metallic heat shield will need to be made flight-ready, while a minimum of 38 Raptor engines will need to be built and tested. In short, a huge amount of work needs to be done before Starship and its associated facilities will be capable of launching high-value customer payloads.
In other words, any prospective Cargo Starship customers will necessarily be shopping for launches in 2021-2022 at the absolute earliest. According to TAI’s Sen, SpaceX and its Starship vehicle will be just “one of the candidate[s]” eligible to compete for the Turksat 6A2 launch contract, hinting that these new comments are just the first of many more to come.
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SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
News
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
