News
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.
Check out Teslarati’s Marketplace! We offer Tesla accessories, including for the Tesla Cybertruck and Tesla Model 3.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
