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Elon Musk talks upgrades after SpaceX Starship launches, explodes in midair
SpaceX has completed its fourth Starship test flight in as many months, offering the latest glimpse into the often frustrating reality of a highly iterative, hardware-rich rocket development program.
Right on schedule, SpaceX Starship prototype serial number 11 (SN11) lifted off from Boca Chica, Texas at exactly 8am CDT (UTC-5) – all but completely cloaked in a thick layer of fog. While unfortunate for any unofficial observers (and possibly SpaceX’s own desire to gather video footage of a test flight), SpaceX has experience launching rockets (namely Falcon 9) in thick fog thanks to its Vandenberg Air Force Base launch site on the California coast.
As such, fog theoretically poses no fundamental threat to rockets like Starship, but SN11 still took the opportunity to explore new and exciting failure modes shortly before touchdown. CEO Elon Musk himself didn’t take long to weigh in and has even offered some details and a schedule for upgrades planned for SpaceX’s next-generation launch vehicle – upgrades hoped to alleviate whatever issues led to Starship SN11’s premature demise.
First and foremost, due to the fog, the general public saw virtually nothing throughout the launch attempt. Remote streaming cameras set up near SpaceX’s launch facilities – now, excitingly, with the company’s own permission – did manage to catch some level of detail, providing the bare minimum level of insight needed to speculate on SN11’s failed landing attempt.
Per an official webcast and NASASpaceflight’s unofficial “Danger-Close Camera,” installed a few hundred feet from the launch site with SpaceX’s permission, Starship lifted off at exactly 8am and had a seemingly nominal ascent, reaching a familiar 10 km (6.2 mi) apogee around four minutes later. SN11 then arced over onto its belly and free-fell for ~100 seconds. Aside from a few intermittent fires burning on some of the rocket’s three Raptor engines, not an uncommon sight since SN8 first flew, nothing appeared particularly out of the ordinary.
At T+5:49, however, things rapidly went wrong. Still belly-down, Starship SN11 attempted to reignite all three of its Raptor engines to propulsively flip into a vertical landing position. After at least one seemingly successful reignition, SpaceX immediately lost onboard video and telemetry feeds. Based on NASASpaceflight’s pad-adjacent camera, a substantial explosion followed one or two seconds after that attempted ignition, ending Starship SN11’s test flight around 20 seconds earlier than any of its three late siblings.
Debris began to visibly hit the ground another 5-10 seconds after that explosion was first heard, all but guaranteeing that Starship SN11 exploded in midair. At this time, it’s impossible to know what exactly went wrong, but there are two clear possibilities. Starship SN11 could have failed to reignite two or even all three Raptor engines, triggering onboard flight termination system (FTS) explosives designed to prevent the rocket from straying beyond a safe zone of operations. More likely, Starship suffered a substantial failure during that reignition and flip attempt, triggering an almost immediate explosion that tore the rocket apart around half a kilometer (~1500 ft) above the pad and landing zone.
Shortly after, Musk said that Raptor “engine #2 had issues on ascent” that were notable but not enough to explain a violent midair failure and confirmed that whatever went wrong came “shortly after landing burn start.”
Musk offers Starship upgrade schedule, details
Having suffered a failure a bit less than six minutes after launch, Starship SN11 – the fourth three-engine, high-altitude prototype – was ironically the farthest from a successful landing before something went wrong: one step forward, two steps back. While unfortunate, SpaceX still got some amount of data and uncovered one or several new failure modes – arguably the two of the most important primary goals of any developmental flight test program.
Further, Musk revealed that SpaceX intends to complete and roll Starship SN15 to the launch pad just “a few days” from now – certainly earlier than expected. While the SpaceX CEO didn’t go much into detail, he reaffirmed that SN15 would bring substantial upgrades, stating that “it has hundreds of design improvements across structures, avionics/software, & engine[s].”
Musk also touched on SpaceX’s near-term plans after SN15’s upgrade path, confirming that Starship prototypes from SN20 onwards will be “orbit-capable” with even more improvements. That seemingly delineates three clear ‘blocks’ of Starship prototypes, beginning with SN8 through SN11, proceeding with SN15 through SN19, and (nominally) gearing up for true orbital-class test flights with prototype SN20 and its successors. All told, SN11’s midair demise appears likely to be just a small blip in front of a jam-packed, well-structured series of Starship upgrades and flight tests just over the horizon.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
