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SpaceX already clearing Starship debris, preparing for next rocket rollout
Update: Half a day after Starship serial number 10 (SN10) became the first prototype to land in one piece, SpaceX has begun clearing its remains and preparing to roll the next rocket to the launch pad.
Never one to rest on its laurels, SpaceX appears to be wasting no time moving forward from Starship SN10’s successful landing and subsequent explosion. Almost a month ago, SpaceX stacked SN10’s successor – Starship SN11 – to its full height and has spent the last four weeks closing out the virtually identical rocket. As of SN10’s launch debut, Starship SN11 has been more or less finished and ready to roll to the launch pad for at least a week.
At the same time as SpaceX teams have begun the process of recovering SN10’s remains, the company also transported a large crane to the launch site – the same crane used to install Starships SN8, SN9, and SN10 at the launch pad. Stay tuned for updates as SpaceX prepares SN11 for a fourth high-altitude launch and landing attempt – this time with the goal of keeping the rocket intact after landing.
In a classically spectacular fashion, a SpaceX Starship prototype has successfully touched down in one piece for the first time ever, only to explode minutes later after catching itself on fire.
Rolled from SpaceX Boca Chica Starship factory to test and launch facilities just a mile down the road on January 28th, Starship SN10 lifted off just five weeks later – the fastest factory-to-launch flow yet. The speed of that turnaround was mainly made possible thanks to an exceptionally smooth test campaign, passing cryogenic proof and static fire tests after only a few attempts.
Prior to its second launch attempt, Starship SN10 automatically aborted a few seconds prior to its first attempt after the rocket’s flight computer determined that its three Raptor engines were producing more thrust than expected. Within half an hour of the abort, CEO Elon Musk took to Twitter to reveal the cause and stated that SpaceX would be tweaking the flight software’s thrust limits and recycling for another shot at launch around two hours later.
Up to the last 20 or so seconds of the 6.5-minute flight test, Starship SN10’s launch debut was virtually identical to Starships SN8 and SN9, both of which made it just one or two dozen seconds away from a soft landing. However, after SN9, SpaceX optimized the landing process to add additional redundancy, meaning that SN10 reignited all three of its Raptor engines – instead of just two – for its flip and landing burn.
Exactly as planned, SN10 fired up those engines, autonomously analyzed their performance, and then shut down two Raptors to leave the best-behaving engine to complete the final landing burn. Unlike SN8 and SN9, that maneuver went about as well as it could have, nearly slowing SN10 to a hover with one (seemingly) healthy engine to take it the rest of the way to the ground.
After all that heroic effort and for the first time ever, Starship SN10 proceeded to touch down in one piece. Through the eyes of a drone hovering far away from the launch complex, the landing couldn’t exactly be considered ‘soft,’ however, and SN10 impacted the landing zone with some substantial momentum – likely far too much for its tiny legs to handle.
However, more importantly, SN10 appeared to ignite one or two of its own gaseous oxygen or methane vents, triggering a fire that remained visible until well after the hard – but intact – landing. From official and unofficial views of the landed vehicle, Starship SN10 had a significant lean and appeared to have no more than a few inches to a foot of clearance between its aft skirt and the concrete pad. Remote-controlled firefighting spigots were able to extinguish any external sign of fire but that lack of clearance may have prevented the water from doing much inside the skirt, ultimately dooming Starship SN10.
Regardless of where exactly that fire ‘broke through,’ so to speak, the original cause of the fire – accidentally igniting a vent plume – is unlikely to be a hard problem to fix, and it’s safe to say that SN10’s intact landing is an extraordinary success for SpaceX. In its official webcast, SpaceX engineer John Insprucker confirmed that Starship SN11 is all but complete and could roll out to the launch pad to pick up where SN10 left off almost as soon as it’s safe to do so.
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
