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SpaceX CEO Elon Musk teases steel Starship on the Moon and Mars
SpaceX CEO Elon Musk has published the first official renders of the company’s updated stainless steel Starship, offering glimpses of the spacecraft on both the Moon and Mars.
Although the designs of Starship and Super Heavy (formerly BFS and BFR) have shifted significantly over the past three years, the vehicle’s primary destinations have remained stable. Above all else, SpaceX remains focused on designing its next-gen rocket to be the best spacecraft ever built for transporting huge payloads and humans to the Moon, Mars, and ultimately throughout the solar system. The interplanetary future of Starship is currently an unknown quantity but SpaceX is already building the first full-scale orbital prototype and testing multiple finished versions of the Raptor engine that will power it.
As discussed earlier today, SpaceX has already completed a low-fidelity prototype of Starship known as Starhopper, designed to – per its namesake – perform low-altitude, low-velocity hop tests. Powered by Raptor, Starhopper also acts as a mobile test stand for the next-gen rocket engine meant to power both Starship and its Super Heavy booster. SpaceX’s current planning has delayed a vacuum variant of the engine for several years, instead choosing to standardize the same Raptor engine across both stages of BFR. Starship will feature seven Raptor engines producing ~14,000 kN (~3.2M lbf) of thrust, while Super Heavy’s latest iteration would require a 31 Raptors and produce a staggering 62,000 kN/14M lbf of thrust at liftoff.
That performance – theoretically making Starship/Super Heavy almost two times as powerful as Saturn V – is essential to support massive missions to Mars and the Moon while also enabling complete reusability of the rocket. SpaceX rightly judged that rapid, low-effort reusability is the only way to truly revolutionize the cost of access to orbit, at least for the indefinite future. This need itself piggybacks on CEO Elon Musk’s founding motivation: to make humanity a multi-planetary species and protect it against future mass-extinction events.
Musk has long viewed the Moon as a distraction to that goal, offering very little prospect of being more than a detour, but both NASA and the political apparatus currently controlling the US have decided that a rebranded Moon return is desirable. Repeating several nearly identical Moon return proposals from the last few decades, the political powers that be have yet to actually put any money where their mouths are. SpaceX and Musk have nonetheless jumped on the bandwagon, a pragmatic decision to hedge bets in case funding actually appears. Unsurprisingly, SpaceX is interested in any opportunity to acquire federal funding for its expensive Starship/Super Heavy/Raptor development programs.
In September 2018, SpaceX announced plans to send Japanese billionaire Yusaku Maezawa and 8-10 artists of his choice on the first Starship mission around the Moon. According to Musk, that could happen as early as 2023 but will necessarily be preceded by at least one uncrewed demonstration of Starship’s performance in deep space. Given the nominal reusability of Starship, the same spacecraft might perform both missions.
In the meantime, SpaceX is in the process of building the first orbital Starship prototype, although it’s unclear just how advanced the vehicle will be. Depending on how polished and successful SpaceX’s Starship Alpha (for lack of a better term) is, it’s conceivable that the spacecraft could be retrofitted or upgraded for actual demonstration missions to deep space or the Moon. To enable the long-term reusability of Starships, SpaceX will need to rely on in-orbit refueling by way of dedicated tanker launches. However, a lower-fidelity prototype that might otherwise be scrapped could be a prime candidate for a one-way Moon-impact or lunar-landing mission, reducing risk for future crewed or uncrewed Starship missions to the Moon before SpaceX has the facilities and hardware to support simultaneous Starship and tanker launches.
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Elon Musk
Elon Musk calls Earth’s data centers “peanuts” next to what SpaceX is planning in orbit
Elon Musk says SpaceX capex efficiency is underestimated as orbital data centers loom by 2028.
Elon Musk is pushing back on one of the biggest worries hanging over SpaceX stock. In a reply on X on Sunday, Musk said the company’s capital expenditure efficiency is severely underestimated. He was responding to a Milk Road Stocks post citing analyst Kyle Reidhead, who estimates SpaceX will need to spend roughly $470 billion over the next five quarters.
Reidhead built that figure around the target SpaceX set on its third quarter earnings call: 13 gigawatts or more of compute by the end of 2027. In his breakdown, Nvidia captures 83 to 89 percent of the spending. SpaceX ended the quarter with 1.7 GW of nameplate compute and guided to $35 billion to $40 billion in fourth quarter capex, as Teslarati reported.
Musk did not attach a number to his claim, but the earnings call shows the argument. CFO Bret Johnsen said new compute currently pays for itself in under a year at today’s pricing, and Musk said that window could shrink to six months next year. Using that pace, Reidhead argues about $230 billion of the $470 billion could come from operating cash flow and about $60 billion from SpaceX’s roughly $90 billion cash pile, leaving around $180 billion to borrow. Musk confirmed last week that SpaceX had already closed a new $40 billion debt raise to buy GPUs.
The ground buildout is not the end goal. It is what is meant to pay for the move to orbit. Replying on Friday to charts built from Sequoia partner Shaun Maguire’s SpaceX model, Musk wrote that “Terrestrial compute will be peanuts compared to orbital compute,” adding that orbital compute deployed per month “probably exceeds terrestrial around the end of 2028 and then far exceeds it in 2029.”
Maguire’s model shows how steep that path is. It has capex climbing from $88 billion this year to $290 billion in 2027 and $369 billion in 2028, with SpaceX burning $77.8 billion in cash this year and $122.6 billion next year before turning $114.9 billion cash positive in 2028. Musk’s response to the model was, “I think we can do better.”
The orbital half runs through Starmind. SpaceX plans to operate up to 1 million AI satellites flying in clusters of about 10, linked by roughly 10 terabits of bandwidth, with deployment of thousands of units starting as soon as late 2027 out of its Gigasat factory in Bastrop, Texas, according to SpaceX’s space safety page. Musk has said each Starmind spacecraft will carry more than 250 kW of solar power.
Getting there depends on launch volume. Maguire’s model assumes 250 Starship flights in 2028, up from two this year and 38 next year. The nearer test is financial: SpaceX guided to $33 billion to $37 billion in first quarter 2027 revenue, more than double the $14.58 billion it booked in Q3, and Musk reposted that guidance again on Sunday morning.
Elon Musk
SpaceX President to gift Trump Accounts her SpaceX stock
Gwynne Shotwell’s 2 million SpaceX shares are headed to children’s Trump Accounts starting this December.
SpaceX President Gwynne Shotwell said Friday that more than 2 million SpaceX shares belonging to her and her husband, Robert, will be distributed to children’s Trump Accounts in December, turning a pledge she made over the summer into an actual transfer. “Robert and I are thrilled that our gift of over 2 million shares of SpaceX stock will be distributed to children’s Trump accounts in December!” Shotwell wrote on X, adding that the shares are “transferring to escrow as we speak.”
The first round goes to children aged 11 to 17 who live in ZIP codes where the median family income is $57,000 or less, along with kids in ZIP codes with too few residents for the Census to report that figure. Shotwell said those families should receive a notice by Monday, Reuters reported.
A second gift is expected to be finalized in the next few weeks. That round will cover eligible children in military families serving overseas, children in foster care, and more kids in Texas counties near the Shotwells’ home where median family income is $90,000 or less. Elon Musk replied to the announcement with “Cool” and a heart emoji.
Shotwell first announced the donation on July 6, less than a month after SpaceX priced its record IPO at $135 per share on the Nasdaq. IPO filings showed Shotwell owned about 12.6 million SpaceX shares, Quartz reported at the time, which makes the gift roughly one sixth of her stake. At the roughly $146 per share used to value Musk’s own pledge earlier this month, 2 million shares are worth about $290 million.
How the stock would actually reach the accounts had been an open question since July. Treasury guidance acknowledged that stock donations could flow into Trump Accounts, but it did not explain the mechanics for a program whose contributions default into an S&P 500 index fund. Shotwell thanked the Treasury, the IRS, the Dell Foundation, Greater Horizons, Invest America and the law firms Morgan Lewis and Gibson Dunn for “working over the past few months to make this happen.”
The transfer also works as a dry run for a far larger gift. On October 19, Musk said he would give one of his SpaceX shares to every kid in America next year and called it “the first of many.” With roughly 72 million children in the country, that pledge is worth about $10.5 billion. President Donald Trump thanked Musk the same day and said the shares would go through Trump Accounts, though neither SpaceX nor the Treasury has published how or when that distribution will happen.
Shotwell’s recipients also fill a gap in the program itself. Trump Accounts launched on July 4, and the $1,000 Treasury deposit only goes to babies born between 2025 and 2028. Teenagers aged 11 to 17 receive no government seed money, so for many of the families getting a notice on Monday, SpaceX stock will be the first asset in the account. The accounts convert into retirement accounts when the child turns 18.
Tesla Full Self-Driving is now the centerpiece of the company’s newly revised Referral Program, which launched on October 29.
Instead of referring people to purchase vehicles and the referrer receiving $250 in Tesla Credit, the new program now incentivizes Full Self-Driving subscriptions.
If a Tesla owner is on an FSD trial and uses a referral code to subscribe to Full Self-Driving, the person whose Referral Link was used will receive one month of FSD (Supervised). Their code can be utilized 12 times per year, with January 1 marking the reset date.
Realistically, this means that if your Referral Code is used by 12 Tesla owners on an FSD trial, you will receive a full year of FSD for free.
🚨 Here is Tesla’s new Referral Program for Full Self-Driving (Supervised):
When someone subscribes to FSD using your link, you’ll get a month free. Up to a year of FSD is available to you for free!
If you’d like to use my link: https://t.co/g00IX9OCE3 https://t.co/GFBzEO2jjS
— TESLARATI (@Teslarati) October 30, 2026
The previous program made it pretty difficult to get referrals; buying a vehicle is obviously a much larger financial strain than subscribing to Full Self-Driving for a month.
Of course, the previous Referral Program also offered a tangible benefit: $250 in credits you could use on Service, Supercharging, or anything in the Tesla Shop. It truly could pay for someone’s travel for a year. It recently bought me a new backpack and a T-shirt.
However, this new program is much more attainable for those who do not have a massive online presence of a slew of friends in the Tesla community who will use the code and max out subscriptions for vehicle purchases.
Woke up to maxed out Referrals! Thank you guys, that’s awesome!
Share your referral link below so others can use it! https://t.co/kesbwTcoTV
— TESLARATI (@Teslarati) October 30, 2026
The Full Self-Driving suite will now be the keystone of the Referral Program, which makes it more inclusive and more fun for everyone with an awesome benefit.
It also gives the impression that Tesla is truly focused on FSD subscriptions, something that saw a tremendous increase in volume in Q3, as 75 percent of deliveries for the quarter came with an FSD subscription attached.
Full Self-Driving data is so instrumental to the suite’s improvement that this kind of program benefits Tesla as much as it does the consumer.
Elon Musk calls Earth’s data centers “peanuts” next to what SpaceX is planning in orbit
SpaceX President to gift Trump Accounts her SpaceX stock
