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SpaceX rolls next Starship to the launch pad nine days after midair explosion
Update: Right on schedule, SpaceX has transported Starship serial number 15 (SN15) from its Boca Chica rocket factory to a launch and test site just down the road.
SN15’s pad arrival comes just nine days after Starship SN11 – the last in a batch of four first-generation prototypes – exploded in midair some 30 seconds before a planned landing. While minor, SN11’s midair failure was undoubtedly a step backward relative to Starship SN10, which (briefly) became the first full-size prototype to land in one piece less than a month prior. Both SN8, SN9, and SN10 made it further into their identical flight tests, leaving SN11 somewhat high and dry and putting extra pressure on Starship SN15.
After Starship SN8’s unexpectedly successful December 2020 test flight, in which the rocket made it just a dozen or so seconds away from soft landing after more than six minutes in flight, SpaceX made the decision to scrap Starship SN12 and kill SN13 and SN14 before assembly could begin. Effectively a gamble that SN8-SN11 would produce enough of a foundation for future testing to start off on, it’s hard to say if that gamble paid off.
All four Starship flights managed the extraordinary feat of more than four minutes of powered flight and spent two minutes free-falling like no rocket ever before them, but they also made it clear that both Raptor and autogenous pressurization (using gasified propellant to pressurize Starship’s tanks) are not quite mature enough for reliable launches and landings. Featuring “hundreds of improvements,” many of which were hopefully designed to tackle some of those shortcomings, it’ll be up to Starship SN15 to attempt to carry that torch forward – and, with any luck, further than any prototype before it.
After SpaceX unexpectedly used a Monday road closure to deliver its first custom-built rocket fuel tank, plans for the next Starship test campaign and launch have begun to solidify.
Most importantly, the initial schedule for Starship serial number 15’s (SN15) test campaign appears to be clear. As of Wednesday, April 7th, road closures filed by SpaceX suggest that the first of a new group of upgraded Starships will be transported from build site to launch pad as early as 11am-1:30pm CDT (UTC-5) on Thursday, April 8th. Once SN15 is installed on ‘Suborbital Pad A,’ SpaceX means to waste no time and has scheduled a 7am-12pm road closure on Friday.
As usual, the weekend will once again be free of any testing or activity requiring road closures, but SpaceX has already cordoned off noon to 8pm on Monday and Tuesday (April 12/13) to continue putting its newest Starship prototype to the test.
While road closure notices no longer offer any real detail, a few basic details can still be inferred. The April 7th closure, for example, warns that SpaceX only plans to intermittently close the highway but not Boca Chica Beach – implying that the window poses no threat to residents or beachgoers. Historically, that means that something will be transported – likely Starship SN15, in this case.
On Friday, SpaceX has scheduled a full five-hour closure of both the highway and beach, implying that some kind of testing is likely on the books. The same goes for Monday and Tuesday, but with longer eight-hour closures.
More likely than not, assuming Starship SN15’s pad transport and launch mount installation goes smoothly, SpaceX will use the shorter Friday window to complete a basic ambient pressure test – filling the rocket with ambient-temperature nitrogen gas to test its complex plumbing and propellant tanks for leaks. Continuing the IFF (if and only if) string, SpaceX will then spend the weekend preparing Starship SN15 for a cryogenic proof test and thrust structure stress test – simulating the thrust of three Raptors after loading the rocket with extremely cold liquid nitrogen (LN2).
SpaceX will then most likely spend another one or two days inspecting Starship SN15 and removing the hydraulic ram used to simulated thrust from the launch mount the ship is installed on. Once SN15 and its mount are cleared, SpaceX can move into static fire testing. Given that – according to CEO Elon Musk – SN15 will debut Raptor engines with an unknown degree of upgrades, it’s reasonable to assume that SpaceX will take things relatively slowly and possibly perform more than one static fire test even if the first attempt is a total success.
If not and SpaceX continues to push hard like it did with SN10 and SN11, it’s not out of the question that Starship SN15 will be ready for its first launch attempt around Friday, April 16th or Monday, April 19th. Stay tuned for updates as SpaceX hopefully rolls the rocket to its Boca Chica, Texas launch site later today.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
SpaceX officially acquires xAI, merging rockets with AI expertise
The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Elon Musk
Ford CEO Farley says Tesla is not who to look at for EV expertise
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford CEO Jim Farley said in a recent podcast interview that Tesla is not who Americans should look at to beat Chinese carmakers.
The comments have sparked quite a bit of outrage from Tesla fans on X, the social media platform owned by Elon Musk.
Farley said that Chinese automakers are better examples of how to beat competitors. He said (via the Rapid Response Podcast):
“If you’re an American and you want us to beat the Chinese in the car business, you’re all going to want to pay attention, not necessarily to Tesla. Nothing against Tesla—they’ve been doing great—but they really don’t have an updated vehicle. The best in the business for us, cost-wise and competition-wise, supply chain, manufacturing expertise, and the I.P. in the vehicle, was really BYD. In this next cycle of EV customers in the U.S., they want pickups and utilities and all these different body styles. But they want them at $30,000, not $50,000. Like the first inning, they want them affordably.”
Despite Farley’s synopsis, it is worth mentioning that Tesla had the best-selling passenger vehicle in the world last year, and in China in March, as the Model Y continued its global dominance over other vehicles.
Musk responded to Farley’s comments by stating:
“This is before Supervised FSD is approved in China. Limiting factor is production output in Shanghai.”
This is before supervised FSD is approved in China. Limiting factor is production output in Shanghai.
— Elon Musk (@elonmusk) April 19, 2026
Interestingly, Farley has been one of the most hellbent CEOs in terms of a legacy automaker standpoint to push the EV effort. It did not go according to plan, as Ford took a $19.5 billion charge and retreated from its EV push in late 2025.
Ford cancels all-electric F-150 Lightning, announces $19.5 billion in charges
Instead, Ford is “doubling down on its affordable” EVs and said it would pivot from its previous plans.
Reaction from Tesla fans was pretty much how you would expect. Many said they have lost a lot of respect for Farley after his comments; others believe he is the last CEO anyone should be taking advice on EVs from.
Nevertheless, Farley’s plans are bold and brash; many consider Tesla the most ideal company to replicate EV efforts from. It will be interesting to see if Ford can rebound from this big adjustment, and hopefully, Farley’s plans to replicate efforts from BYD work out the way he hopes.
Elon Musk
SpaceX wins its first MARS contract but it comes with a catch
NASA awarded SpaceX a $175 million Mars rover contract while the White House proposes cutting the mission.
NASA just signed a $175.7 million contract with SpaceX to launch a Mars rover that the White House is simultaneously trying to defund. The contract, awarded on April 16, 2026, tasks SpaceX’s Falcon Heavy with launching the European Space Agency’s (ESA) Rosalind Franklin rover from Kennedy Space Center in Florida, no earlier than late 2028. It would mark the first time SpaceX has ever sent a payload to Mars.
Under NASA’s Rosalind Franklin Support and Augmentation project, known as ROSA, the agency is providing braking engines for the rover’s descent stage, radioisotope heater units that use decaying plutonium to keep the rover warm on the Martian surface, additional electronics, and a mass spectrometer instrument, as noted by SpaceNews.
Those nuclear heating units are the reason an American rocket was required at all. U.S. export controls on radioisotope technology mean any payload carrying them must launch on a domestic vehicle, which narrowed the field to SpaceX and United Launch Alliance. Falcon Heavy’s pricing made it the practical choice.
SpaceX is quietly becoming the U.S. Military’s only reliable rocket
Falcon Heavy debuted in February 2018 and has 11 launches to its record. The rocket has not flown since October 2024, when it sent NASA’s Europa Clipper toward Jupiter. The three-core design, built from modified Falcon 9 first stages, gives it the lift capacity needed for deep space planetary missions that a single Falcon 9 cannot reach.
The Rosalind Franklin rover has been sitting in storage in Europe for years. It was originally due to launch in 2022 as a joint mission with Russia, but Russia’s invasion of Ukraine ended that partnership, leaving the rover built but stranded without a launch vehicle or landing hardware. NASA stepped back in through a 2024 agreement with ESA to rescue the mission. The rover is designed to drill up to two meters below the Martian surface in search of evidence of past life, a science objective no previous mission has attempted at that depth.
The contradiction at the center of this story is hard to ignore. The White House’s fiscal year 2027 budget proposal included no funding for ROSA and did not mention the mission at all in the detailed congressional justification document released April 3.
Musk has long argued that reaching Mars is not optional. “We don’t want to be one of those single planet species, we want to be a multi-planet species.” Whether this particular mission survives Washington’s budget fight, the Falcon Heavy contract means SpaceX is now formally on record as the rocket that could get humanity’s next Mars science mission off the ground.
The timing of this contract carries extra weight given that SpaceX filed confidentially with the SEC in early April and is targeting an IPO roadshow in the week of June 8. It would be the largest public offering in history.
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
Ford CEO Farley says Tesla is not who to look at for EV expertise
