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SpaceX tests Starship and Frankenstein ‘test tank’ simultaneously
After another few weeks of downtime, SpaceX has simultaneously tested the first orbital-class Starship prototype and a Frankenstein-esque ‘test tank’ at its South Texas facilities. While nothing that occurred was all that visually spectacular, the afternoon of testing was still noteworthy for a couple of reasons.
First up, following a successful six-engine Raptor static fire – the first in Starbase history – on November 12th, all signs pointed to Starship S20 attempting another static fire (its fourth) on December 1st. In the almost three weeks of inactivity between those planned tests, SpaceX likely performed extensive inspections of the pathfinder prototype and its Raptor engines. Technicians also repaired the minor heat shield damage and tile loss that testing incurred and patched a few other ‘holes’, effectively leaving Ship 20 with the first fully finished heat shield by the end of November.
Earlier this week, one of the few remaining Boca Chica Village residents received a safety notice from SpaceX indicating that a static fire test was scheduled on Wednesday, December 1st – followed soon after by a notice to mariners (NOTAM) warning boaters to keep to a safe distance. Two hours into the 10am to 6pm CST test window, Starship S20 was already venting and starting to get frosty, confirming that propellant loading had begun. A little over an hour later, it was clear that SpaceX had aborted the first static fire attempt of the day. For the next three hours, Ship 20 exhibited some unusual behavior including new vents, an apparent header tank pressurization or fill test, and still more odd venting in new places.
In the middle of Starship’s weird nose-related testing, SpaceX began simultaneously loading a new ‘test tank’ known as B2.1 with liquid nitrogen (LN2) – marking the first truly simultaneous test of multiple Starship test articles. As Ship 20 seemingly detanked for the second time that day, the B2.1 tank was fully loaded with LN2 and apparently pressure-tested not long after. A few hours later, the test tank was also detanked and the road to the pad was reopened, marking the end of the day’s testing.
Normally, nothing is particularly unusual or noteworthy about test tank testing. Since January 2020, SpaceX has routinely built and tested tanks that are effectively just shorter versions of actual tanks and hardware, using them to qualify changes to Starship’s design, materials, operations, and more before applying those changes to full-size prototypes. B2.1 is the tenth dedicated test tank to reach the launch pad in a little under two years.
Normally, the ‘B2.1’ name SpaceX has given the tank would imply that it’s a newer booster test tank (using Bx instead of BNx) following in the footsteps of BN2.1, which passed cryogenic and load testing this summer. Instead, though, B2.1 is a bit of a nightmarish amalgamation of seemingly random Starship and Super Heavy parts. Its forward dome is an old, unused booster section complete with the hexagonal structure grid fins would have been brace against. Its aft section is a booster thrust structure. Up to that point, it’s effectively just a copy of BN2.1.
However, SpaceX inexplicably installed a Starship thrust dome inside B2.1’s booster thrust structure, creating a test tank with no obvious relevance to any conceivable Starship or Super Heavy design or prototype. Further, SpaceX rolled B2.1 to the launch site for testing only after installing it on an unused device that’s believed to be the aft half of a dedicated booster structural test stand. In theory, a sort of ‘cap’ would be fitted on top of a booster or test tank installed in the stand’s base and strong cables would connect the two, allowing SpaceX to subject prototypes to compressive stress – like, perhaps, the forces a booster might experience while carrying a fully-fueled 1300-ton Starship to space. The upper half of that test structure has yet to be moved to the launch site.
Altogether, the weird half-complete test stand and bizarre fusion of ship and booster parts make B2.1’s purpose and initial testing a complete mystery. It’s unclear what value it provides that makes it more of a priority than, say, finally starting to test the first flightworthy Super Heavy booster (B4). Ultimately, the most interesting thing about B2.1’s test debut is the fact that it appears to mark the first use of Starbase’s brand new orbital tank farm, which is approaching completion.
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
