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SpaceX’s Starship rocket just breathed fire for the first time (and survived)
SpaceX’s Starship rocket is a step closer to flight after the fourth full-scale prototype successfully fired up its high-performance Raptor engine for the first time and survived the ordeal.
By far the biggest technical milestone SpaceX’s Starship program has passed since its creation, the Starship serial number 4 (SN4) prototype’s May 5th static fire was just the latest in a series of rapid-fire tests completed over the last several days. The ship’s journey began back in late March when SpaceX technicians began integrating the first sections of its steel hull. Less than a month later, SpaceX officially completed Starship SN4’s tank and engine section – missing only a nosecone and header tanks – and rolled the rocket to the launch and test pad on April 23rd.
Barely two days later, Starship SN4 entered the testing phase, passing what CEO Elon Musk described as an “ambient pressure test” used to verify the structural integrity of the rocket’s propellant tanks with harmless nitrogen gas. Less than a day after that pressure test was completed, SpaceX kicked off a “cryogenic proof test” with the Starship – the same test that destroyed three full-scale prototypes in the five months prior.
In the early morning of April 26th, Starship SN4 thus became the first full-scale prototype to pass (and survive) a cryogenic proof test, in which the ship’s normal liquid oxygen and methane was replaced with similarly frigid but non-explosive liquid nitrogen. According to Musk, SN4 was only pressurized to 4.9 bar (~70 psi), quite a distance away from the ~8.5 bar needed for safe orbital flight but reportedly more than enough to perform a small flight test.
Of course, Starship SN4 would first have to complete a bevy of additional tests – all arguably riskier than the cryogenic proof test it was the first to pass. That second, more challenging phase of testing began six days later on May 2nd.
After some limited fueling effectively marking Starship SN4’s first partial wet dress rehearsal (WDR), SpaceX aborted the first test attempt on May 2nd. On May 3rd, Starship SN4 was successfully loaded with propellant once more and wound up performing what is known as a spin prime test with its lone Raptor engine. Over the course of a few hours, SpaceX then recycled (and rechilled) the ship’s methane propellant and successfully performed a preburner test, igniting two gas generators that spin up Raptor’s turbines and eventually mix in the combustion chamber.
Less than 24 hours later, SpaceX turned Starship SN4 around for the grand finale – an actual Raptor ignition test, also known as a static fire. Per NASASpaceflight’s unofficial livestream of the event, made possible thanks to local resident BocaChicaGal, Starship ignited its Raptor engine – a historic first for the launch vehicle program – at 8:57pm CDT on May 5th (01:57 UTC, May 6). Musk confirmed just a few hours after that the ignition test – lasting about 3 seconds – had been completed successfully.
With that crucial milestone now behind it, Starship SN4 – perhaps pending an additional test or two – should effectively be clear to begin preparations for a 150m (500 ft) hop test later this month. Almost entirely contingent upon receiving a Federal Aviation Administration (FAA) launch license, that process could be finished tomorrow or take several days – or even weeks – to complete. Starship already has landing legs installed and wont need a nosecone for such a short and slow hop, but SpaceX may also need to install some kind of attitude control system (likely gas thrusters) before SN4 can safely fly.
Stay tuned for updates as we learn more about when a full-scale SpaceX Starship is scheduled to fly for the first time.
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering.
The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources.
This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anticipated market debuts in recent history.
False
— Elon Musk (@elonmusk) May 29, 2026
According to the disputed reports, SpaceX had lowered its IPO valuation goal to at least $1.8 trillion from previous ambitions exceeding $2 trillion.
The claims emerged amid growing anticipation for the company’s confidential S-1 filing, which positions it for a potential public listing as early as June.
Some had pointed to strong revenue growth, particularly from the Starlink satellite internet service, which contributed heavily to the firm’s 2025 figures of $18.7 billion. Yet challenges persist in other areas, including substantial investments and losses tied to ambitious projects like Starship development and artificial intelligence initiatives, which plan to make life multiplanetary eventually.
Musk’s response highlights a pattern in which he actively counters what he views as inaccurate portrayals of his companies’ trajectories.
SpaceX, already valued privately at extraordinary levels, stands as a cornerstone of Musk’s empire alongside Tesla and xAI. The entrepreneur has long emphasized the transformative potential of reusable rockets and global broadband access, factors that fuel investor enthusiasm despite operational hurdles.
By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX’s fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, is not going to need adjusting.
They’ll have plenty of suitors.
This episode reflects broader dynamics in the technology sector, where rumors often swirl around high-profile entities. Musk’s direct engagement with media narratives serves to maintain transparency and control the narrative around his ventures.
As SpaceX prepares for greater scrutiny in public markets, the founder’s denial reinforces optimism about its prospects. Supporters argue that the company’s innovative edge positions it for enduring success, far beyond short-term valuation debates. With the denial now public, attention turns to forthcoming regulatory filings that could provide clearer insights into SpaceX’s strategy and financial health.
The coming weeks promise to reveal more about how SpaceX will transition into a publicly traded powerhouse.
Tesla’s dreams of operating a fully autonomous ride-hailing platform just took a massive step toward reality, as two separate events have indicated the company is perhaps closer than ever to achieving self-driving as a product.
On Thursday, Tesla was granted authorization by the State of Texas to operate driverless vehicles in a commercial manner. On May 28, Senate Bill 2807, passed by the 89th Texas Legislature, took effect after being passed back on September 1, 2025.
The bill establishes a statewide regulatory framework requiring authorization from the Texas Department of Motor Vehicles for companies to operate automated vehicles commercially on Texas roads.
This covers driverless, or SAE Level 4+, operations for passenger transport, meaning Robotaxi, or freight.
Tesla and other companies can self-certify their vehicles and tech as long as they:
- Operate in compliance with Texas traffic laws
- Maintain proper registration, title, and insurance
- Use compliant automated driving systems
- Record onboard activity and handle system failures and glitches safely.
The new authorization, which was first reported by James Stephenson on X, allows companies to utilize their own processes to determine if their vehicles are ready to operate without drivers.
🚨BREAKING:
Tesla has been authorized by the State of Texas to operate driverless vehicles commercially under the new law that took effect today, May 28th, 2026. Tesla has officially self-certified the software running on its robotaxis as Level 4. $TSLA pic.twitter.com/KSJdsvlaW5— James Stephenson (@ICannot_Enough) May 28, 2026
It is a rule that expedites the entire approval process, keeping agencies out of a usually long, lengthy, and frustrating task that is essential to technological advancements. It essentially means Tesla can launch commercial Robotaxi operations at this point.
On the very same day, Tesla continued the momentum as CEO Elon Musk shared a video of Cybercab units autonomously driving off the property at Gigafactory Texas. This is a major step in the story of the Cybercab.
Mass production of the Cybercab started at Giga Texas in April, and it is already heading out of the factory on its own.
Cybercab driving itself out of the GigaTexas factory pic.twitter.com/EwAMVVDjYy
— Elon Musk (@elonmusk) May 28, 2026
These two major events mark a drastic step forward in Tesla’s progress toward Cybercab and the permissions it needs to operate a self-driving ride-hailing service. Tesla is now able to operate autonomously under Texas law by self-certifying, and with the potentially imminent rollout of Cybercab, Tesla’s autonomous dreams are starting to take serious shape.
Elon Musk
The Tesla and SpaceX merger everyone is talking about is quietly building
Tesla and SpaceX may be closer to merging than Wall Street or either company is admitting.
Elon Musk has reportedly discussed merging Tesla and SpaceX with people close to him, according to CNBC, which cited sources familiar with the conversation. Tesla employees have long expected such a transaction and the topic is openly discussed internally, according to internal sources. With SpaceX is days away from kicking off its Wall Street roadshow for what could be the largest IPO in market history, this would be the first time the company will have public market currency to execute a stock-for-stock deal with Tesla.
The financial logic for a merger would make sense. A combined SpaceX and Tesla would create a conglomerate spanning rockets, satellites, electric vehicles, AI infrastructure, and energy storage valued at roughly $3.35 trillion to $3.6 trillion based on SpaceX’s IPO target range and Tesla’s current market capitalization. The two companies are already more intertwined than most people realize. SpaceX bought $697 million worth of Tesla Megapack systems for xAI data centers and $131 million worth of Cybertrucks. Tesla invested $2 billion in xAI, which subsequently merged with SpaceX. Past transactions also include Tesla selling solar equipment and parts to SpaceX, and SpaceX helping with Cybertruck materials.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Musk himself signaled where this was heading in November 2025 when he posted on X, “My companies are, surprisingly in some ways, trending towards convergence.” Tesla and SpaceX announced a joint semiconductor fabrication facility in Austin called Terafab on the Gigafactory Texas campus, covering two advanced chip factories, with one serving Tesla’s AI needs for vehicles and Optimus robots, the other targeting space-based data centers under SpaceX’s infrastructure vision.
Wedbush analyst Dan Ives places the probability of a merger at 80% to 90% with a target completion in the first half of 2027. The mechanics of a deal became possible the moment SpaceX filed its S-1. Legal experts said a merger likely would not spark antitrust issues but would raise concerns among shareholders in each company, with questions around which company would be the parent, how a stock swap would take place, and who determines the appropriate price. Musk holds about 20% of Tesla’s equity but controls 85.1% of SpaceX’s voting power through a super-voting share class, meaning he would largely be negotiating the terms with himself.
Not everyone is convinced the timing is imminent. Traders on Kalshi place only 33% odds that a merger will happen before May 2027. The more immediate concern for Tesla shareholders is whether the SpaceX IPO pulls capital and Musk’s attention away from Tesla before any merger consolidates the upside for both.
What is clear is that the structural groundwork is already being laid. The Terafab announcement, the xAI merger, the shared supply chain, the cross-company balance sheet transactions, and now the IPO all point in the same direction. Whether the merger follows in 2027 or later, the two companies are already operating more like divisions of a single entity than independent competitors.
Elon Musk strikes down reports on SpaceX IPO rumors
Tesla’s Robotaxi dreams just took a massive step toward reality
