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SpaceX rolls Starship to the launch pad five days after last flight test
Update: Less than five days after Starship serial number 10 (SN10) briefly became the first prototype to launch and land in one piece, SpaceX has rolled its successor – Starship SN11 – from factory to launch pad.
The goal: complete cryogenic proof and static fire testing within the next 4-7 days to clear the way for another Starship launch as early as next week. Already outfitted with three Raptor engines, SN11 may have a limited chance of hitting SpaceX’s ambitious schedule targets, but the experiences of Starships SN8, SN9, and SN10 suggest that a launch sometime before the end of March is a more reasonable expectation. Stay tuned for updates as SpaceX prepares to install Starship SN11 at the launch pad and put its cryogenic proof test on the calendar.
NASASpaceflight.com reports that SpaceX – already scheduled to transport a new Starship to the launch pad on Monday, March 8th – wants that prototype ready to launch as early as next week.
According to the same report, SpaceX – having already installed three Raptor engines on Starship serial number 11 (SN11) – aims to more or less wrap up all qualification testing by the end of the week. No different than the test campaigns that all other flightworthy Starships had to pass before being cleared for launch, that process includes – at minimum – a good cryogenic proof test and a combined wet dress rehearsal (WDR) and static fire.
Excluding Starhopper, of the five Starship prototypes that have taken flight, SpaceX has consistently managed to speed up the process of preparing each vehicle for flight, but the average time spent from rollout to liftoff is still more than a month. In other words, even accounting for the general improvements SpaceX seems to make between tests, readying Starship SN11 for flight within a week or two of the prototype arriving at the launch pad would be anywhere from a factor of two to five faster than any prior test campaign.
Repost – this time with Data Labels! pic.twitter.com/BohWYiuiJc— BocaCharts (@BocaCharts) March 6, 2021
Still, it’s not entirely impossible. If SpaceX can borrow from the most efficient Starship launches and test campaigns its completed and combine them all with a few new, unspecified efficiencies, it’s reasonable to conclude that Starship SN11 could be ready to fly near the end of next week (around March 19th). More specifically, SpaceX would have to complete a successful static fire on the first try within a week of SN11’s scheduled March 8th rollout, followed by a brisk two or three-day turnaround for a launch attempt.
While not impossible, it’s safe to say that that scenario is unlikely. Nevertheless, assuming SpaceX continues to find ways to expedite preflight processing like it has with SN8, SN9, and SN10, it’s reasonable to assume that Starship SN11 could be ready for an inaugural launch attempt as early as the last week of March.
All the above ignores the possibility that SpaceX will choose to physically modify Starship SN11 to mitigate the possibility of some or all aspects of Starship SN10’s hard landing and subsequent explosion from recurring. If that is the plan, those changes will have to be done at the launch site after Starship SN11’s scheduled Monday, March 8th rollout.
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In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
SpaceX’s massive investment in AI will make it a big winner, Argus Research said after the company’s successful earnings call last week.
The firm also upgraded shares to a Buy from Hold and set a $160 price target.
SpaceX (NASDAQ: SPCX) is currently recovering from its heavy AI infrastructure investments, as it spent nearly $16 billion in Q2 alone. The company did this primarily by monetizing high-demand GPU compute capacity at a much faster pace than traditional data center economics would suggest.
Company CFO Bret Johnsen said that SpaceX would be able to pay back anything on new deployments within a year.
There are plenty of ways the company can do this:
Leasing excess compute capacity through contracts
SpaceX has already built Colossus and Colossus II, largely for its own model training. However, much of that capacity is already rented out to third parties. It already has major deals with Anthropic, Google, and Reflection AI. These partnerships are adding billions per month to SpaceX’s spreadsheet.
High utilization driven by industry-wide scarcity
The demand for advanced AI training and inference capacity continues to exceed what is available for use. SpaceX can fill new racks quickly after they come online, so the capital deployed converts into revenue with minimal idle time.
Additionally, management and outside observers have described the new compute capital as behaving more like a cost-of-goods-sold than traditional multi-year capex, especially because of this rapid monetization pattern.
Capacity has already scaled from ~0.4 GW a year to 1.4 GW annually by the end of Q2. There are targets of more than 2 GW by year-end.
High incremental margins on the rental business once capacity is online
GPU cloud providers often operate at strong gross margins. SpaceX can monetize capacity that was already partially built or can be added efficiently. This means that incremental EBITDA margins on the rental revenue are usually high. This accelerates cash recovery relative to the gross capital outlay.
Parallel monetization of its own AI software and applications
Beyond pure infrastructure rental, SpaceX also generates revenue from Grok through subscriptions and usage, from X through ads, data, and other related services, enterprise APIs, and the planned integration of the Cursor coding tools acquisition.
These application layers ride on the same compute infrastructure and provide additional high-margin streams that could offset build-out costs. AI-segment revenue overall rose sharply to about $2.6 billion in Q2, according to Motley Fool. This was driven primarily by the infrastructure contracts, but the software side is also partially responsible.
Efficient, large-scale deployment and vertical integration advantages
SpaceX has emphasized the rapid construction of power and cooling infrastructure and favorable cost-per-megawatt economics relative to industry benchmarks in some disclosures.
Combined with its ability to scale capacity aggressively and the fact that many contracts start generating revenue within months of capacity coming online, the effective payback compresses dramatically compared with more conventional multi-year data-center projects.
SpaceX’s dominant near-term recovery path will turn the AI clusters into a hyperscale-style compute rental business for other leading AI companies while still using a portion for internal models.
Tesla headlights have caused a recall of over 20,000 of the company’s two most popular vehicles, the Model 3 and Model Y, due to the low-beam bulb exceeding the maximum allowed intensity according to federal standards.
Tesla initiated the recall with the National Highway Traffic Safety Administration (NHTSA) this morning, stating that the low-beam output “exceeds the maximum allowed intensity in the outer upper-right and outer upper-left areas of the 10U and 90U zone, as prescribed in FMVSS No. 108.”
Tesla sourced the impacted headlights from Marelli Automotive Lighting, a Mexico-based company. The recall impacts 2020-2023 Model Y vehicles and 2017-2023 Model 3 vehicles. It is estimated that every VIN in this recall is impacted by the defect.
🚨 Tesla is recalling 20,349 2020-23 Model Y vehicles and 2017-23 Model 3 vehicles due to an excessively bright headlamp low beam.
Currently, there is no remedy plan in place, as it is still being developed. pic.twitter.com/y34cIO2U0B
— TESLARATI (@Teslarati) August 11, 2026
Typically, Tesla would remedy recalls of this nature through an Over-the-Air software update, which has been a major focus of criticism by the company and its supporters because the NHTSA still refers to it as a “recall,” even though it requires no action by the vehicle owner. The fix is shipped over the internet and downloaded to the car.
However, there appears to be a potentially different solution for this problem. Tesla has not developed a remedy for this issue, so it could potentially be on the way. The big issue appears to be the fact that these recalled lamps are out of production, and this is an old body style for both vehicles. The headlights and front-end designs are completely different.
Tesla switched to another supplier when the affected headlight design was discontinued. It plans to begin notifying owners of their remedy options by September 15.
Tesla filed a petition protesting the recall to fix the vehicles’ headlight issue, but the NHTSA denied it. Now, Tesla will come up with a solution to fix it.
Tesla has one big financial question to answer for investors: Morgan Stanley
SpaceX AI investment gamble will make it a big winner, firm says
