News
[Update: Scrubbed] SpaceX Starship to attempt same-day static fire and launch
Update: Starship SN11 did manage a timely static fire around 8am CDT but after hours of work, SpaceX appears to have scrubbed a Friday, March 26th launch attempt.
SpaceX’s website has yet to be updated and Friday’s FAA TFR is still active but a road closure meant to last until 7:30 pm CDT to cover the static fire and launch was retracted after the highway was reopened around 2:45 pm. It’s unclear what caused the scrub but weather or technical issues from the static fire are two likely candidates. SpaceX still has TFRs active on Saturday and Sunday, but the company hasn’t tested or flown on a weekend in months.
Lacking only an official confirmation, SpaceX appears to be readying the fourth full-size Starship prototype to attempt a Raptor static fire test and launch on the same day.
That hopeful day in question happens to be today – Friday, March 26th. If all goes according to plan, Starship serial number SN11 will fire up its three Raptors, verifying their health after an engine was apparently swapped out on Wednesday. Possibly just an hour or two later, after detanking and retanking liquid oxygen and methane propellant, the Starship prototype could lift off on SpaceX’s fourth high-altitude test flight.
Late on March 24th, SpaceX rolled Raptor engine SN46 from its Boca Chica factory to the launch pad, where Starship SN11 is installed on one of two suborbital launch mounts. The engine move and subsequent installation came as a surprise, as nobody managed to catch an implied Starship SN11 engine removal in the two or three days prior (extremely thick fog being the likeliest cause).
The implied issue with the Raptor that was removed is likely to blame for a several-day launch delay that followed Starship’s seemingly successful Monday static fire. After that test, SN11’s launch was initially scheduled as early as Tuesday or Wednesday, only to slip day by day as the week proceeded. SN11 first rolled to the launch pad on March 8th, just 18 days ago, so launch delays don’t come as a huge surprise given that the current factory-to-launch record for a three-engine Starship is 33 days, three static fires, and one engine swap.
If SN11 manages a same-day static fire and launch on March 26th, it will still crush that record by almost 50%. To an extent, the feat also isn’t unprecedented. On March 3rd, Starship SN10 aborted its first true launch attempt milliseconds after Raptor ignition when the rocket’s flight computer detected indications that they were producing too much thrust. Amazingly, instead of scrubbing the launch attempt, SpaceX loosened Starship SN10’s thrust limit parameters and tried again, successfully lifting off just three hours after the abort.
Despite the abort and immediate hands-free recycle, Starship SN10 subsequently became the first prototype of its kind to launch to 10 km (6.2 mi), free-fall back to earth, and land in one piece. Minutes later, a fire and harder landing than expected conspired to make SN10 explode, but the test flight was arguably still a massive success. Simultaneously, the flight indicated that Starships are technically capable of successfully flying hours after a post-ignition launch abort, demonstrating an extraordinary level of robustness for clustered high-performance rocket engines.
As such, while it’s probably reasonable to assume that Starship SN11 wont launch today, SN10 proved that there is nonzero chance of a static fire and launch hours apart. Additionally, given just how close SN10 go to unequivocal success (i.e. a soft and survivable landing), Starship SN11 has the best chance yet at at launching, landing, and making it through the ordeal without exploding.
Starship SN11’s third static fire and first launch attempt are both currently scheduled sometime between 7am and 7:30pm CDT (UTC-5). Stay tuned for updates as we wait for SpaceX’s official confirmation and an evacuation notice of Boca Chica Village residents.
Investor's Corner
Tesla stock tumbles after earnings, one of its sharpest single-day declines
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
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
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.
Investor's Corner
Google’s massive stake in SpaceX will shock you
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.