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SpaceX Starship briefly becomes largest rocket in history – now what’s next?
On August 6th, after a great deal of anticipation, SpaceX stacked a Starship on top of a Super Heavy booster for the first time ever, very briefly assembling the largest rocket in history.
However, barely an hour after the two stages were integrated and (presumably) latched together, SpaceX lifted Starship (S20) off the booster, returned it to its transport stand, and rolled the ship back to the build site later that day. Though an extreme sensitivity to wind conditions has delayed the procedure, Super Heavy Booster 4 (B4) also appears to be on track to be removed from the orbital launch mount and sent either back to the factory or to a suborbital launch mount that’s been modified for booster testing.
For those that followed the process closely in the days and weeks prior, the fact that Starship’s first full assembly was just a fit check (and, really, more like 50:50 between fit check and photo op) came as no surprise. In the lead-up, it became clear through several reports that CEO Elon Musk had challenged SpaceX to stack Ship 20 and Booster 4 by August 5th and flown in several hundred employees normally stationed elsewhere to accomplish the feat.
Ignoring weather delays that prevented stacking on August 5th, SpaceX met Musk’s challenge in all but the literal sense, assembling the world’s largest rocket into one integrated stack for the first time ever. Even more significantly, despite the fact that SpaceX could have easily decided to stack two not-for-flight prototypes to sort of achieve the same feat, both stages – Ship 20 and Booster 4 – involved in the August 6th milestone are nominally destined for flight.
Barring surprises, the same exact pair is scheduled to support Starship’s first orbital test flight as early as this year. Before they can be cleared for flight, however, a great deal of work must still be completed – work that in some cases is unprecedented in the history of the Starship program.
Not long after the stacking milestone, Musk himself sketched out a few of the tasks still in front of the rocket. Namely, Musk says that SpaceX must still complete Starship S20’s partially-finished heat shield, install some form of heat shield(s) to protect Super Heavy Booster 4’s 29 naked Raptor engines; finish installing, plumbing, and activating 4-7 massive custom propellant storage tanks; and assemble, install, and activate a giant mechanical umbilical arm on the launch tower to fuel and power Starship.
All are undoubtedly crucial and Starship is unlikely to launch before any of them are more or less complete. However, the booster and ship themselves are arguably far more of a pressure point. Before they can be deemed ready for flight, both the ship and booster must complete unprecedented test campaigns on the ground.
Ship 20 will need to complete cryogenic proof testing to verify that the first Starship with six Raptor engine mounts is structurally sound. SpaceX has already modified one of its two suborbital Starship launch mounts for that purpose. Once cryo proof and hydraulic ram testing is complete, those six rams will likely be removed and six Raptor engines will be installed in their place, potentially setting up Ship 20 to become the first Starship prototype to static fire six engines – and any number of Raptor Vacuum engines.
Super Heavy Booster 4 will be faced with an even more ambitious static fire test campaign as SpaceX likely gradually installs more and more engines. Depending on how focused SpaceX is on speed over thoroughness, that process could involve gradually adding 2-5 engines after every static fire or could result in SpaceX starting with 4-9 engines and then immediately jumping from 9 to a full 29-Raptor static fire.
Only after completing those crucial qualification tests is SpaceX likely to stack Ship 20 and Booster 4 for a second time and enter the first true full-stack Starship launch flow – hopefully culminating in the first orbital launch attempt later this year, but only as soon as the FAA completes an environmental review and approves the rocket’s launch license. Technically, FAA approval could come next month or it could take the agency a year or more – it’s almost impossible to predict without official information. However, given SpaceX’s track record with Starship prototypes and Booster B3, it’s likely that a flightworthy Starship and Super Heavy will be stacked on the pad and ready to launch just a few months from now.
Stay tuned for updates on that potential standoff in the making and Starship’s progress towards its first orbital test flight.
Tesla has finally clarified the situation regarding the viral crash in Texas where a Model 3 slammed into a home.
CEO Elon Musk replied to reports on Monday that stated the crash was due to the company’s Full Self-Driving or Autopilot suite, which seemed unlikely to those who are familiar with it. Video showed the car slamming into a house at an excessive rate of speed, making it highly unlikely the crash was due to the suite’s operation, as it does not travel at those speeds in residential areas.
Musk said:
“This makes no sense. FSD drives slowly through neighborhood streets, and this was a high-speed crash!”
Tesla’s Head of AI, Ashok Elluswamy, added context, revealing that the company’s data shows the driver “manually overrode self-driving by pressing the accelerator all the way to 100%.”
He revealed the speed reached by the car was 73 MPH, and the accelerator was still pressed “even after the crash.”
Yup. In this case, the driver manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area. They reached a speed of 73 mph during the crash, and had the accelerator pressed even after the crash.
— Ashok Elluswamy (@aelluswamy) June 22, 2026
Authorities are reportedly investigating “whether Tesla’s Autopilot system played a role after a Model 3 left the roadway…slammed through a brick house at high speed and fatally struck Matha Avila as she sat inside,” the New York Post reported.
The National Highway Traffic Safety Administration (NHTSA) is now investigating the crash. Tesla will work with the agency to provide them with whatever information they need in order to clarify the cause of the crash.
Similarly, Tesla had claims of a fatal accident in Harris County, Texas, a few years ago. Early reports indicated that Full Self-Driving was the cause of the crash. After the National Transportation Safety Board (NTSB) worked with Tesla, the agency proved there was “no use of the Autopilot system at any time during this ownership period of the vehicle, including the time frame up to the last transmitted timestamp on April 17, 2021.”
Tesla alleged “driverless” crash in Texas: What is known so far
“Application of the accelerator pedal was found to be as high as 98.8 percent,” the NTSB said in their findings. The highest recorded speed in the five seconds leading up to the impact was 67 miles per hour. The area where the crash occurred is residential, and Texas State laws have default speed limits of 30 MPH in residential streets.
This appears to be a similar situation. However, an investigation will prove what happened for sure.
SpaceX announced today that it commenced its first-ever public bond offering, marking a significant step in the newly public company’s capital markets strategy.
The company announced an offering of senior unsecured notes expected to raise at least $20 billion.
The move comes just a short time after SpaceX completed one of the largest initial public offerings in history. In mid-June, the company priced shares at $135 and raised more than $85 billion, propelling founder Elon Musk’s net worth past the trillion-dollar mark and giving the firm substantial liquidity.
🚨 SpaceX has announced its inaugural offering of senior unsecured notes.
The net proceeds will be used to repay outstanding loans under its bridge loan facility in full.
This inaugural debt offering represents a financing milestone for SpaceX, which previously depended… pic.twitter.com/pcOZuVbTRv
— TESLARATI (@Teslarati) June 22, 2026
According to the company’s SEC filing, the net proceeds from the notes will be used primarily to repay in full the outstanding borrowings under its existing bridge loan facility, cover related fees and expenses, and fund general corporate purposes. The offering is being conducted under Rule 144A, as well as Regulation S, targeting qualified institutional buyers and non-U.S. investors. Notes will be unsecured obligations ranking equally with other unsubordinated debt.
The $20 billion bridge loan was used to refinance approximately $17.5 billion in higher-cost “junk” debt tied to X and xAI. SpaceX had merged with xAI in February 2026 in an all-stock deal. The bridge facility, which matures in September 2027, had represented the bulk of SpaceX’s long-term debt.
SpaceX officially acquires xAI, merging rockets with AI expertise
In connection with the bond launch, SpaceX disclosed it held approximately $100.8 billion in cash and cash equivalents as of June 19. Investor calls began on the announcement date, with pricing and launch expected shortly thereafter. Rating agencies have assigned investment-grade ratings to the proposed bonds, reflecting confidence in SpaceX’s dominant position in commercial launches and the growth trajectory of its Starlink internet offering.
The debt raise also allows SpaceX to optimize its balance sheet by replacing short-term, higher-cost bridge financing with longer-date, lower-cost fixed-income securities. This provides greater financial flexibility to support capital-intensive initiatives, including the development of Starship, the expansion of the Starlink constellation, and the integration of AI capabilities following the xAI combination.
SpaceX shares (NASDAQ: SPCX) fell sharply on the news, dropping over 16 percent overall on the market on Monday. The stock had surged initially after debuting but pulled back amid profit-taking and broader market dynamics.
Overall, the bond offering underscores SpaceX’s transition to a mature public company with access to diverse funding sources. It positions the firm to pursue its long-term vision of multiplanetary expansion and AI infrastructure, while maintaining a disciplined approach to its capital structure in a high-growth but capital-heavy industry.
SpaceX confirmed today that it has officially signed its third massive compute deal, providing compute at its Colossus data center in Southaven, Mississippi.
Reflection AI will gain immediate access to NVIDIA GB300 chips at SpaceX’s Colossus 2 data center. In return, Reflection will pay SpaceX $150 million per month starting on July 1, with total payments reaching approximately $6.3 billion if the contract runs through its duration, which is until 2029. Either party can terminate the agreement with 90 days’ notice after the initial three-month period.
CNBC first reported the deal.
🚨 SpaceXAI has agreed to a new compute deal with Reflection AI.
Reflection gets access to NIVIDIA GB300s, and will pay $150M per month to SpaceXAI for the compute. pic.twitter.com/bNPare8U5u
— TESLARATI (@Teslarati) June 22, 2026
This latest partnership highlights SpaceX’s strategy of commercializing its massive Colossus supercomputing infrastructure, originally developed to power Elon Musk’s Grok AI models. The company has rapidly expanded its customer base in the AI sector following its February 2026 merger with xAI, a transaction that valued the combined entity at $1.25 trillion.
SpaceX has previously signed significant compute deals with other major players.
It granted Anthropic exclusive access to the full capacity of its Colossus 1 data center, which exceeds 300 megawatts and includes over 220,000 NVIDIA GPUs. Details from SpaceX’s IPO filings indicate Anthropic will pay $1.25 billion per month through May 2029, potentially generating around $45 billion over the term of the deal.
Additionally, Google agreed to pay SpaceX $920 million per month for compute capacity from October 2026 through June 2029. This 32-month period will provide Google access to roughly 110,000 NVIDIA GPUs, along with supporting processors and memory. Capacity ramps up through September at a reduced fee, with termination options after the first year.
SpaceXA also established arrangements for computing power with Cursor, an AI coding startup. SpaceX acquired them in a $60 billion all-stock deal.
These arrangements position SpaceX’s collective position as an AI infrastructure powerhouse with high-margin revenue potential. The Google deal alone could generate nearly $29.5 billion over its term, while the Reflection contract adds another $6.3 billion.
Combined with the Anthropic arrangement, SpaceX stands to realize tens of billions in revenue from compute leasing in the coming years, which diversifies beyond SpaceX’s traditional rocket launches and Starlink operation.
The deals underscore growing demand for advanced AI training and inference capacity amid chip shortages and surging model development needs. Reflection, valued at $25 billion and focused on “American open intelligence” with government and national security ties, cited recent restrictions on closed models as validation for open-source approaches.
For SpaceX, the partnerships transform capital-intensive data centers into flexible revenue sources while supporting its broader AI ambitions after the company has gone public.
Tesla finally clarifies fatal Texas crash, confirms driver manually overrode acceleration
SpaceX makes $20 billion move to optimize its balance sheet
