SpaceX
SpaceX will build and launch Starship/Super Heavy in Texas and Florida, says Musk
According to SpaceX CEO Elon Musk, the company has plans to both build and launch BFR’s Starship upper stages and Super Heavy boosters at facilities located in Boca Chica, Texas and Cape Canaveral, Florida.
Indicative of SpaceX and Musk’s rapidly evolving plans for the next-generation, ultra-reusable launch system, the to stainless steel over carbon composites appears to continue to have a range of trickle-down consequences (or benefits) throughout the rocket’s design, production, launch, and operations. Given the 3+ radical, clean-sheet design changes the BFR program has undergone in about as many years, it’s hard to definitively conclude much about the latest iteration. Nevertheless, Musk’s indication that stainless steel BFRs may now be built simultaneously at multiple locations suggests that the construction of steel Starships and Super Heavies could be radically easier (and cheaper) than their composite predecessors.
Over the last several months, SpaceX’s manufacturing plans for the massive Starship and Super Heavy vehicles have effectively been up in the air from a public perspective. Official statements provided in January suggested that the first prototypes would be built in-situ after word broke that SpaceX had prematurely terminated a lease with the Port of Los Angeles, where the company had – throughout 2018 – been planning to construct a dedicated seaside BFR factory.
Likely for a variety of reasons, all of which are unknown, SpaceX apparently no longer has a pressing need for dedicated traditional manufacturing facilities at this point in time. Instead, the company is relying extensively on the largely unprecedented practice of building its first suborbital and orbital Starship and Super Heavy vehicles outdoors, much to the visible discomfort of aerospace industry practitioners, followers, and fans alike.
At a bare minimum, SpaceX’s decision to fabricate and assemble large-scale methalox rocket stages with quite literally zero protection from the elements may be one of the most ‘nontraditional’ things the habitually disruptive company has ever done. At the opposite end of the spectrum, building rockets outside could be perceived as an unfathomably foolish endeavor, radically increasing the risk of dangerous manufacturing defects, foreign objects debris (FOD) mitigation, and – ultimately – major vehicle failures. From such an external perspective, wholly lacking any insight from SpaceX itself, it’s difficult to conclude much of anything.
On the one hand, a highly-disciplined adherence to the tenets of best aerospace industry practices and responsible engineering could probably mitigate the risks of en 
Given that the production of orbital-class, super-heavy lift rockets has really only been attempted twice (Saturn V and Russia’s N1), both times with custom-built, environmentally-controlled factories, it’s likely that SpaceX is already suffering from the inherent uncertainty of the tasks at hand; forging new ground – especially in highly technical fields – is rarely easy or forgiving. Given the aforementioned challenges of building large and reliable rockets at all, challenges that regularly topple vehicles built in traditional factories, it will likely remain an open question if SpaceX can consistently build reliable, technologically-advanced rockets and spacecraft outside until those vehicles have quite literally proven themselves in orbit.
Toot Toot! Hopper is chomping at the bit today!
?@BocaChicaGal https://t.co/0ZEXcKOWwH pic.twitter.com/PEm7c12KTi— Chris B – NSF (@NASASpaceflight) March 18, 2019
Difficulties aside, it’s easy to understand why SpaceX (or maybe just Elon) is willing to at least attempt something that has never been done before. If the company could find a way to reliably build complex, high-performance rockets without the need for expensive factories, it could radically change the paradigm of rocketry by reducing the often eye-watering upfront costs of building giant launch vehicles. The ability to build rockets almost independently of dedicated factories or assembly facilities would also allow SpaceX to – as Musk said – build their vehicles where they launch, further minimizing the significant challenges and costs of transporting extremely large structures more than a couple of miles.
Regardless of the major challenges standing between SpaceX and its stainless steel Starship/Super Heavy aspirations, Elon Musk appears to be as confident as ever, frankly stating that Starship’s rate of progress “far exceeds” that of Falcon and Dragon. In other words, the apparent instability of the BFR program may actually end up being to its benefit, potentially resulting in a finished product that simultaneously takes less time to come to fruition and is ultimately much closer to its original design intent. At risk of putting the wrong words into Musk’s mouth, it seems that he believes that SpaceX might be able to arrive at a Starship/Super Heavy combo much closer to Falcon 9 Block 5 than Falcon 9 V1.0 and do so far sooner than most believe is possible.
Only time will tell. In the meantime, there will be plenty of fireworks, beginning as early as this week with the first static fire test – and potential hops – of SpaceX’s massive Starship Hopper. Stay tuned for updates!
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SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
Elon Musk
Space finally faced the people living next to its next Terafab mega-project
SpaceX confirmed Terafab’s Grimes County site is locked in, with construction starting within months.
SpaceX and Terafab representatives sat across from Grimes County residents for the first time on Wednesday, telling a packed Commissioners Court room that the $55 billion chip manufacturing project is now a done deal at the Gibbons Creek Reservoir site.
The meeting followed a $10 million check SpaceX sent the county earlier this week, satisfying a payment deadline built into the tax abatement agreement both sides signed in June. Elon Musk shared a post on X confirming the payment, and County Judge Joe Fauth told the San Antonio Express-News his office deposited the check after it beat its deadline.
Wednesday’s session, first reported by KBTX, moved the project from paperwork to construction. Terafab representative Riley Trennell told residents the JETI tax break agreements with Iola ISD and Anderson-Shiro CISD are signed and active, and that civil work and foundation prep are starting almost immediately. Renderings of the facility could be released within days, he said, with construction beginning within months.
The foundations for an exciting future are being built in Texas. Next up: Terafab → https://t.co/jGg52Zhn5I pic.twitter.com/SNfSXNr2tb
— SpaceX (@SpaceX) August 6, 2026
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
Musk first announced Terafab in March as a joint venture between Tesla, SpaceX and xAI aimed at producing over a terawatt of AI compute annually, an amount that dwarfs the roughly 20 gigawatts the entire global chip industry produces today. Intel joined as a manufacturing partner in April. Musk has said the project needed its own day in the spotlight rather than being squeezed into an earnings call, and for months the Grimes County site remained unconfirmed even as reporting pointed there.
SpaceX attorney Buck Brannon used Wednesday’s meeting to note that the company’s abatement is roughly 78 percent, not the 100 percent some earlier reports suggested. In exchange, SpaceX will pay Grimes County a fixed $20 million a year for 35 years, a total of $710 million, which Brannon said exceeds the $14 million Tesla paid Travis County in 2025.
SpaceX also addressed environmental concerns that have followed the project since Musk’s Terafab partnership with Intel was announced. Representatives said Terafab will not raise electric bills for other ratepayers, will not deplete local water supplies and will not draw down the Navasota River. SpaceX confirmed it owns the Navasota River pumping station, which it plans to use to divert stormwater into the Gibbons Creek Reservoir, and said it will build its own natural gas plants to power the facility rather than pulling from the ERCOT grid.
Grimes County commissioners also approved an addendum letting county employees use ten approved AI chatbots for work, including Grok.
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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
