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SpaceX Starship launch delayed to Tuesday by poor FAA planning
Update: CEO Elon Musk says that SpaceX’s fourth high-altitude Starship launch has been delayed from Monday to Tuesday after an FAA inspector – recently required to be onsite for launches – was inexplicably more than six hours late.
While the smallest grain of salt is warranted given Musk’s recently vitriolic relationship with the FAA, the CEO has every reason not to lie about a federal regulatory agency that SpaceX almost fundamentally depends on. As such, the implication is that a lone FAA inspector – only recently required by the FAA itself to be onsite for SpaceX Starship launches – was somehow more than four or five hours away from Boca Chica, Texas by 11am CDT, March 29th.
The only possible explanation for such a delay is that a single inspector – lacking virtually any of the resources afforded to large government agency – missed a flight on a public airline, had a flight canceled at the last second, or was somehow stranded in the middle of nowhere by car issues. As any sane human familiar with air or car travel would know, those issues happen and should always be anticipated. Knowing full well that it had just changed SpaceX’s Starship launch license just two weeks prior to prevent flights without an inspector present, the FAA does not appear to have prepared for those issues in even the most basic sense, failing to ensure alternate methods of transport or two redundant inspectors.
In essence, due either to severe underfunding, general ineptitude, some childish attempt to assert dominance, or some combination of all three, the FAA has explicitly disrespected the hundreds of (possibly 1000+) SpaceX employees working around the clock for weeks to launch Starship SN11 as quickly as possible. Given that the FAA itself distributed Temporary Flight Restrictions (TFRs) for SN11’s Monday launch on Saturday and noted plans for the launch more than a day prior, the giant regulatory agency had no less than 24-48 hours of prior warning even if they’d somehow ignored or missed SpaceX’s own CEO announcing a delay to March 29th on March 26th.
If a regulatory agency like the FAA is incapable of ensuring that an inspector can stand around at a launch the agency itself required an inspector be present for days prior, the same apparatus assuredly should not and cannot be trusted to regulate systems as complex as modern aircraft, spacecraft, and rockets. If the FAA is, in fact, up to the challenge of responsibly regulating those systems with the public’s best interest in mind, then failing a task as simple as ensuring its own inspector is transported, on time, from Point A to Point B is a conscious decision or mistake. Either way, something clearly needs to change.
CEO Elon Musk says that SpaceX has delayed Starship serial number 11’s (SN11) high-altitude launch debut from Friday to Monday to best ensure that the company can “land & fully recover” the 50-meter-tall steel rocket.
First and foremost, the weekend will allow SpaceX times time for “additional checkouts” and scour Starship SN11 and the data it’s produced during testing for any red flags or minor issues. While plans for a same-day static fire and launch didn’t pan out on Friday, March 26th, SpaceX did manage the first half, firing up just one of Starship’s three Raptors to verify the health of the replacement engine after a Thursday Raptor swap. The test marked the first time SpaceX has intentionally fired up just one of the Raptors installed on a three-engine Starship prototype, so the delay will provide extra time to ensure that all three are still looking good.
Standing down SN11 until probably Monday. Additional checkouts are needed. Doing our best to land & fully recover.— Elon Musk (@elonmusk) March 26, 2021
The weather in Boca Chica, Texas has also taken a turn for the worse in the last few days, so the extra few days will also (hopefully) allow time for wind, visibility, and precipitation conditions to improve. According to Musk, Starship SN11 is now scheduled to fly as early as Monday “afternoon” and, as usual, SpaceX will offer live coverage of the fourth high-altitude launch and landing attempt beginning a few minutes before liftoff.
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With a little luck, the Starship prototype will be able to continue a trend of iterative improvement and one-up Starship SN10 with a slightly softer landing and no explosion minutes after touchdown. Stay tuned for updates both here and on SpaceX’s social media platforms to catch the official webcast.
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Investor's Corner
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX revealed a new Nvidia satellite partnership, then Musk pledged an exclusive Nvidia hardware commitment.
SpaceX and Nvidia are now working together on the hardware that will power Musk’s orbital data center ambitions. SpaceX announced on X on Tuesday that it is partnering with Nvidia to design the compute payload for Starmind AI1, the first satellite in a planned constellation built to run AI workloads directly in orbit. Each Starmind satellite will carry Nvidia’s Rubin GPUs and Vera CPUs, according to the post, which included renderings of the payload design.
The announcement landed hours before SpaceX’s first earnings call as a public company, where Musk went further, saying the company has committed to building its AI infrastructure exclusively on Nvidia hardware. “We think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk told investors on the call,. “So we’re exclusive to Nvidia.”
Musk said SpaceX plans to deploy Nvidia’s Vera Rubin NVL72 rackscale system, codenamed Kyber, both on the ground and in space. He set a target of 2 gigawatts of compute capacity online by the end of this year, scaling to roughly 10 gigawatts by the end of 2027.
SpaceX’s newest Starmind will make earth data centers obsolete
Starmind has been in development since Musk confirmed the name in June, following an xAI trademark filing that tipped off the project before SpaceX made it official. The idea is massive in scope and instead of moving data down to ground based servers, satellites equipped with onboard processors and large solar arrays would compute AI workloads in orbit and beam results back to Earth. SpaceX has already filed with the FCC for a constellation of up to one million satellites to support the effort, citing constant solar power and the absence of zoning restrictions as advantages over terrestrial data centers.
The Nvidia exclusivity marks a shift in tone from just two weeks ago, when Musk was busy knocking down a report that SpaceX had ordered $52 billion worth of Nvidia GPUs through Foxconn, calling it fake news at the time. The dollar figure in that rumor may have been wrong, but the underlying direction seems correct. SpaceX’s AI division already leases Colossus compute capacity to Anthropic and Google, and Tuesday’s earnings report showed AI revenue climbing sharply as those deals ramp up.
Nvidia shares rose roughly 3% in Tuesday trading on the news, while SpaceX stock climbed nearly 9% during the day before giving back gains after hours as investors digested the earnings report’s capital spending figures.
SpaceX (NASDAQ: SPCX) reported a beat in revenues and EBITDA in its first earnings call report while also minimizing losses as its business continues to gain momentum.
After its IPO in July, SpaceX saw some tough losses on Wall Street due to a major selloff after a delay in its 13th Starship test flight. The ship launched later that week and completed what was arguably the most successful IFT operation in the Starship program’s history.
Nevertheless, the company is continuing on and reported some encouraging financials while also promoting what appears to be a robust outlook moving forward in its Space, AI, and Connectivity divisions.
SpaceX to report first-ever earnings today: here’s what to expect
Earnings Results
- Revenues: $7.8 billion reported vs. $6.7 billion expected
- Adjusted EBITDA: $3.5 billion vs. $2 billion expected
- Net loss of $541 million, an improvement of $467 million from net loss of $1.0 billion
Additionally, CFO Bret Johnsen had these comments:
“2026 has been a momentous year so far, and the second quarter demonstrated the true power of SpaceX. Revenue growth accelerated across all our business segments and we delivered strong operating leverage, with significant margin expansion led by our new AI compute agreements. Our unparalleled leadership in launch, Starlink subscriber growth, new enterprise and government partnerships, and best-in-class AI infrastructure underscore our ability to drive meaningful scale and deliver attractive returns. As a newly public company, we are delighted to welcome our broad base of shareholders and bondholders. We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. This financial strength gives us substantial capacity to invest in Starship, Starlink Broadband and Mobile satellites, and our AI platform, while maintaining a disciplined long-term capital allocation framework.”
Space Business Highlights
SpaceX shared some of its biggest Space Business Highlights for Q2:
- Space revenues grew 55% sequentially and 29% year-over-year to $962 million, driven by a higher number of large customer launches and a favorable customer shift compared to the prior year
- Total costs and expenses for the Space segment were up by $389 million year-over-year, as we continued to accelerate R&D investments in our Starship program, which we believe will reduce the cost to orbit by 99% or more relative to the historical average, and unlock significant revenue potential across all business segments
- Leading launch provider for the world with 78 launches and 1,041 metric tons of mass to orbit deployed over the six months ended June 30, 2026, primarily allocated to Connectivity for the deployment of our Starlink constellation
- Starship V3 development continued to advance towards full and rapid reusability:
- Completed Starship V3’s first suborbital mission in May, Flight 12, which achieved a successful lift off from our new Starbase pad, a precision landing of Starship’s upper stage, and deployment of modified V2 Starlink satellites
- Subsequent to the second quarter, completed Starship Flight 13 in July, which achieved all flight objectives including deploying 20 production V3 satellites, demonstrating in-space relight of a Raptor engine, and executing the softest ever splashdown of Starship, providing critical views of an intact heatshield
SpaceX will report its earnings today at 4:30 P.M. EDT.
Elon Musk issued a second pointed warning to SpaceX short sellers on Tuesday, just hours before the company was set to release its first quarterly earnings as a publicly traded firm. Responding to a report highlighting elevated short interest, Musk wrote on X: “I try to warn them, but they just double down …”
The comment came as data from S3 Partners showed roughly 95 percent of available SPCX shares to borrow were on loan, translating to about 34 percent short interest as a percentage of the float. The stock has traded under pressure since its record-breaking IPO in June 2026, declining significantly from early peaks.
I try to warn them, but they just double down … 🤷♂️
— Elon Musk (@elonmusk) August 4, 2026
This marks the second such message from Musk in under three weeks.
On July 17, amid post-IPO volatility, he stated: “The survival probability of firms who maintain a significant short position in SpaceX over time is very low.” At that time, SPCX had fallen roughly 30 percent from its peak above a $2.6 trillion valuation, with short sellers reportedly realizing gains of about $8.7 billion.
Musk’s warning aligned with optimistic analyses projecting that Starship-driven cost reductions could enable a multi-trillion-dollar space economy through applications such as orbital solar power, asteroid mining, data centers, and Mars-related projects, positioning SpaceX as critical infrastructure.
SpaceX is scheduled to report second-quarter results after the market close later today, followed by a webcast. Analysts anticipate revenue near $6.9 billion, reflecting growth in Starlink, launch services, and AI-related segments. The earnings release precedes a major lockup expiration on August 6 that could free hundreds of millions of insider shares.
Musk has a long track record of confronting short sellers, particularly regarding Tesla, where he has argued that persistent bearish positions underestimate transformative technologies. Critics view his optimism as overly ambitious given near-term stock fluctuations, while supporters see temporary dips as opportunities in a longer-term expansion of the space economy.
As SpaceX opens its books to public scrutiny for the first time, the high short interest and Musk’s repeated cautions set the stage for heightened market attention on the results and management’s commentary.
SpaceX and Nvidia team up on Musk’s orbital AI bet
SpaceX reports beat in first earnings while minimizing losses
