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 (NASDAQ: SPCX) will report its second public earnings call today since its IPO earlier this year, and there are a few things we expect to hear about, as well as Wall Street analysts, who have already outlined their expectations for the call.
Wall Street analysts have a consensus of $12.72 billion in revenue and an earnings per share (EPS) of $0.13. These are broken down into three sectors: Space, Connectivity, and AI/SI, which are perceived in this way:
- Space: $1.41 billion
- Connectivity: $4.84 billion
- AI/SI: $6.47 billion
Other outlets cluster near $12.8 or $12.9 billion in revenue and $0.14 – $0.15 EPS. This implies a roughly 65 percent sequential growth from Q2’s $7.81 billion, driven mostly by AI/SI, with the first post-IPO positive EPS expected.
Here are the three things to watch for on the call:
AI Revenue Ramp and the $100B+ ARR target
AI is truly the swing factor for SpaceX, and analysts expect it to roughly double from Q2’s $2.56 billion and become about half of total revenue. Management previously guided to a $100 billion+ annualized run rate by December, including the Cursor acquisition, which was $60 billion, to close the quarter.
Listen for updates on SpaceX’s compute capacity, especially pertaining to its contracts with Google, Anthropic, and others, revenue per watt, any new deals, and Cursor’s early contribution.
Starlink/Connectivity Metrics and Mobile Expansion
Connectivity remains a main profit engine for SpaceX. Subscriber additions will be something to pay attention to, as Q2 ended at 12 million and previews are looking at 14 million for this quarter. Additionally, ARPU trends, enterprise and government growth, and any commentary on Starlink Mobile will be something to pay attention to, especially following the recent low-band spectrum deal and FCC-related constellation approvals.
Capex Trajectory, Cash Burn/FCF, and Starship/Operational Updates
Q2 capex of roughly $18.4 billion weighed on the stock. Investors will look to scrutinize Q3 spending levels, any guidance on the pace into Q4/2027, free cash flow, backlog, and liquidity. Operational color on Starship (Flight 14 milestones and Flight 15 timing/reusability progress), Falcon cadence, and government/NASA contracts are also in focus.
Of course, there will also be some speculation on the potential Tesla-SpaceX merger, but there was nothing mentioned in the company’s proxy it sent earlier this week.
SpaceX will report earnings after market close today and will stream the call on X.
Watch live as SpaceX discusses our Q3 2026 earnings at 3:30pm CT today → https://t.co/Qrb0qeVG15
— SpaceX (@SpaceX) October 20, 2026
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SpaceX just launched its secret Starfall saucer again
SpaceX launched its Starfall capsule again on Bandwagon-5, this time listed openly beside rideshare customers.
SpaceX launched its Starfall reentry capsule for the second time on Tuesday morning, flying it as the payload of the Bandwagon-5 rideshare mission. Falcon 9 lifted off from Space Launch Complex 40 in Florida at 7:04 a.m. ET with 32 payloads, and the first stage booster, on its 19th flight, landed on the droneship A Shortfall of Gravitas about nine minutes later.
Starfall was scheduled to separate last, 2 hours and 48 minutes after liftoff. The final customer satellite on SpaceX’s mission timeline comes off the upper stage about an hour and nine minutes in, which left a long gap before the capsule was due to be released alone. SpaceX later posted that the payload deployment sequence is complete. At liftoff, the company said Starfall “enables affordable, routine access to a microgravity environment, providing unique opportunities for on-orbit manufacturing, scientific research, and testing.”
Starfall enables affordable, routine access to a microgravity environment, providing unique opportunities for on-orbit manufacturing, scientific research, and testing https://t.co/y8kJg3QDor
— SpaceX (@SpaceX) October 20, 2026
As Teslarati reported before the first Starfall flight, SpaceX made no public announcement about the vehicle then, and nearly everything known came from FAA and FCC filings. This time Starfall is an item name on the official mission page, listed beside paying rideshare customers. SpaceX has still not said what, if anything, is aboard this Starfall, Spaceflight Now noted.
The FAA’s environmental assessment from May describes a disk about 10.2 feet wide and 2.5 feet tall that weighs roughly 4,600 pounds and can bring 2,200 pounds of payload back to Earth.
Interestingly, the same rocket also carries a competitor’s hardware. Varda Space Industries launched its W-Series 7 capsule on Bandwagon-5, a spacecraft about three times smaller than Starfall that will test whether microgravity can improve the solubility of a cancer drug called Protac. It is Varda’s ninth reentry capsule, and W-8 and W-9 launched earlier this month on Transporter-18. SpaceX has been Varda’s launch provider since the company’s first Falcon 9 rideshare contract in 2021.
SpaceX has not published where or how this Starfall will come down. The preview we ran in June described a recovery from the Pacific Ocean, and the company has not said whether this flight follows the same plan. The launch also arrives hours before SpaceX posts its third quarter results after the market closes, a report we previewed earlier this week.
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
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