News
SpaceX unveils next-gen Starlink V2 Mini satellites ahead of Monday launch
SpaceX has released official specifications and photos of its next-generation Starlink V2 Mini satellites, which are set to launch for the first time as early as Monday, February 27th.
The new satellites are the future of SpaceX’s Starlink constellation, and the information the company revealed helps demonstrate why.
The update that's rolling out to the fleet makes full use of the front and rear steering travel to minimize turning circle. In this case a reduction of 1.6 feet just over the air— Wes (@wmorrill3) April 16, 2024
SpaceX’s confusingly-named Starlink 6-1 mission will carry the first 21 Starlink V2 satellites into low Earth orbit (LEO) as early as 1:38 pm EST (18:38 UTC) on Monday, February 27th. The satellites will operate under SpaceX’s Starlink Gen2 FCC license, which currently allows the company to launch up to 7,500 of a nominal 29,998 satellites. At the same time as it continues to fill out its smaller 4,408-satellite Starlink Gen1 constellation with smaller V1.5 satellites, SpaceX has already begun launching the same smaller V1.5 satellites under the Gen2 license.
Eventually, those smaller and less capable satellites will likely be replaced with larger V2 satellites, but SpaceX appears to have decided that quickly adding suboptimal capacity is better than waiting for an optimal solution. In theory, that optimal solution is larger Starlink V2 satellites. As discussed in a previous FCC filing, SpaceX intends to operate up to three different types of Starlink satellites in its Starlink Gen2 constellation. The first variant is likely identical to the roughly 305-kilogram (~673 lb) Starlink V1.5 satellites that make up most of its Starlink Gen1 constellation.

Meanwhile, SpaceX has already built and delivered dozens of full-size Starlink V2 satellites to Starbase, Texas. Those more optimal spacecraft reportedly weigh anywhere from 1.25-2 tons (2750-4400 lb) each, offer almost 10 times more bandwidth than V1.5 satellites, and are so large and ungainly that they can only be launched by SpaceX’s next-generation Starship rocket. Starship is substantially delayed, however, so SpaceX chose to develop a third Starlink satellite variant combining many of the full-size V2 benefits into a package that can be launched by SpaceX’s existing Falcon 9 rocket.
Prior to SpaceX’s February 26th tweets, all that was known about those Starlink “V2 Mini” satellites were a few specifications included in a response to the FCC. The new information provided by SpaceX appears to confirm some of those specifications. For example, knowing that Falcon 9 will carry 21 V2 Mini satellites and that the rocket’s current payload record is 17.4 tons, each V2 Mini satellite likely weighs no more than 830 kilograms (~1830 lb). That’s very close to the 800-kilogram estimate provided in the October 2022 filing.
More importantly, SpaceX revealed that each Starlink V2 Mini satellite will have more powerful antennas and access to a new set of frequencies. Combined, each satellite will have up to “~4x more capacity…than earlier iterations” like Starlink V1. Compared to current V1.5 satellites, that means that Starlink V2 Mini could squeeze approximately 50% more network capacity out of each unit of satellite mass. As a result, even though the larger V2 Mini design has reduced the number of satellites Falcon 9 can launch almost threefold, the 21 V2 Mini satellites it can launch will add ~50% more bandwidth than the ~57 V1.5 satellites it would have otherwise launched.
The larger satellites mean that it will take three times as many Falcon 9 launches to expand Starlink V2 coverage, but the areas that are covered will have the capacity to serve several times more customers or deliver much higher bandwidth to the same number of customers.
SpaceX also announced that it has developed a new argon-fueled Hall effect thruster for Starlink V2 satellites. To avoid the high costs of xenon propellant, the most common choice of fuel for electric propulsion systems, SpaceX already developed a first-of-its-kind krypton Hall effect thruster for Starlink V1 and V1.5 satellites. Spread over the almost 4000 Starlink V1.x satellites SpaceX has launched since May 2019, the relatively low cost of krypton (roughly $500-1500/kg vs. $3000-10,000+/kg for xenon) has likely saved the company hundreds of millions of dollars.
The shift from krypton to argon could be similarly beneficial. Relative to krypton, the argon required to fuel Starlink V2 satellites will be practically free. 99.999%-pure argon can be purchased in low volumes for just $5 to $17 per kilogram, and each Starlink V2 Mini satellite will likely need less than 80 kilograms. SpaceX likely spent around $50 million (+/- $25M) on krypton for the almost 4000 Starlink V1 satellites it’s launched to date. As a result, even if every Starlink V2 satellite needs an excessive 200 kilograms of argon, fueling its next constellation of almost 30,000 V2 satellites could cost SpaceX less than fueling 4000 V1 satellites.
Tune in below around 1:30 pm EST (18:30 UTC) to watch SpaceX’s first Starlink V2 launch live.
Elon Musk
Tesla CEO Elon Musk reminds everyone about Roadster’s true meaning
Tesla CEO Elon Musk took to his social media platform X on Sunday to remind everyone that the Roadster’s true meaning is not about company growth or adding dollars to shareholders’ pockets. Sometimes, you just do things because you can.
Following the Roadster’s epic unveiling event last Thursday, skeptics and critics of the company or the project itself came out to say that the vehicle is a pointless project because it is not geared toward growing the company, delivering supreme margins for profitability, nor does it contribute to the big picture of Artificial/Super Intelligence.
But that’s just the thing: Roadster is not meant to be some shareholder dream; it’s meant to be a vehicle that people buy just because it is something awesome, unique, and the first of its kind.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Musk had to remind those who are skeptical about the Roadster’s importance to the company mission that while it is not a major contributor to Tesla’s long-term goals, it is something that is being built just because it can be:
“Optimus and Cybercab will be the vast majority of Tesla’s value. The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power, and mass to space. And, of course, if you have the first two, the rest will follow. But Roadster is super cool, so we’re doing it anyway.”
Musk has said on many occasions that Optimus would be the project that would make up the vast majority of Tesla’s value in the coming years.
Robotics will be a major focus of Tesla over the coming years, especially as Musk believes Optimus will enable work to be optional for humans and will enable what he calls “High Universal Income.”
Optimus and Cybercab will be the vast majority of Tesla’s value.
The only things that will scale to incredible size (K2 and beyond) economically are super intelligence, robots, solar power and mass to space.
And, of course, if you have the first two, the rest will follow.
But Roadster is super cool, so we’re doing it anyway.
— Elon Musk (@elonmusk) October 18, 2026
Cybercab will be a passive income opportunity for owners, Musk and Tesla have said for a very long time, as a fleet of self-driving vehicles will operate within a ride-hailing Robotaxi service that won’t require a human driver to be present.
Tesla investors are more than enthusiastic about the company’s future projects, at least from a general consensus perspective. However, it is important to note that the Roadster is a fun and cool project that pushes the boundaries of what people thought was possible for an automobile.
What we saw last week was the first true example of a flying car, and despite the backlash about how it might not contribute to Tesla’s grand ambitions, it’s okay to have fun sometimes, too.
Investor's Corner
SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
SpaceX reports earnings Tuesday as Wall Street watches AI spending, Starlink growth and Tesla merger
SpaceX reports third quarter results after the market closes Tuesday, with a webcast at 4:30 p.m. ET streamed on X, and Tesla follows a day later. Bloomberg consensus, cited by Pepperstone, calls for revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS near $0.15. That would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since its IPO. Analysts expect roughly $6.4 billion from AI and $4.9 billion from Starlink, which is projected to reach 14.3 million consumer subscribers. Capital spending is forecast at $19.6 billion, leaving free cash flow near negative $11.6 billion.
The numbers matter because SpaceX has spent months trying to win over a skeptical market. It priced its record IPO at $135, spiked to $225.64, then sank near $105 in early August. Friday’s close of $146.03 sits about 28% below the June high. The Q2 report beat on revenue at $7.8 billion and put Starlink at 12 million subscribers, but $18.4 billion of capex hurt the stock. Since then SpaceX reached orbit on Starship Flight 14 with 26 Starlink V3 satellites, agreed to buy 800 MHz spectrum for about $8 billion as part of its Starlink Mobile push, and signed a fourth compute hosting deal in four months worth roughly $13 billion a year from December. Management is targeting more than 2 gigawatts of compute by year end and a $100 billion annualized revenue run rate. Evercore ISI, which raised its target to $275, said the quarter may be judged more on those targets than the reported figures
All of this sits under the Tesla merger question. Barclays analyst Dan Levy expects an all stock deal in which SpaceX buys Tesla at a premium, using reference values of $2.1 trillion and $1.5 trillion, and said an announcement would need to come by late October or early November to be voted on at Tesla’s December 6 annual meeting. Barclays estimates Musk would hold about 37% of the combined company and 56% of the votes. Musk said in July that combining companies cannot be discussed on an earnings call, but an investor question asking when SpaceX will merge with Tesla is sitting on SpaceX’s Q&A platform, and Teslarati has tracked how the Roadster demo revived the talk.
If a deal happens, Tuesday’s result would effectively set the price Tesla holders would receive. Their shares would convert into SpaceX stock, along with exposure to a company with a heavy investment on AI, while Tesla itself expects 2026 capex above $25 billion. A strong quarter and calmer spending would make that exchange easier to sell. Another round of heavy capex and a falling stock would make it harder.
News
SpaceX’s Gwynne Shotwell just made a quiet gesture toward Tesla
SpaceX president Gwynne Shotwell quietly followed Tesla on X, and merger watchers noticed right away.
SpaceX President and COO Gwynne Shotwell has started following Tesla’s official account on X, a small change that landed in the middle of a very loud merger conversation. Whole Mars Catalog joked about it on Sunday.
A follow is not an announcement, and neither company has said anything about a deal. What gives the moment weight is the timing. Barclays analyst Dan Levy has told clients that an agreement could come before Tesla’s annual meeting, which must be held by December 6, with SpaceX as the buyer in an all stock deal, as we reported after the Roadster unveiling. Wedbush’s Dan Ives has stuck with a 2027 timeline.
“Shit, I better start following their X account if i’m gonna be helping run the company”
— Whole Mars Catalog (@wholemars) October 18, 2026
Shotwell is the executive most worth watching if the two companies do move closer. When Musk was asked at the All In Summit why Tesla and SpaceX remain separate, Shotwell sat next to him and said SpaceX personnel had already moved into xAI to fill leadership and engineering gaps. The businesses were integrating “faster than I thought,” she said, though “not fully integrated yet.” Her responsibilities have also grown since SpaceX absorbed xAI, and she now oversees operations that include Grok and the company’s AI compute buildout.
The financial links are already there. Tesla’s $2 billion xAI investment turned into a stake of less than one percent in SpaceX, the two share the Terafab chip project in Austin, and Musk exercised his 2018 Tesla options a week after SpaceX began trading, a sequence analysts flagged as giving SpaceX public shares to use in a deal. Musk holds about 20 percent of Tesla and controls 85.1 percent of SpaceX’s voting power, according to our earlier breakdown.
The next test is close at hand. SpaceX reports its second earnings as a public company on Tuesday after the close, and Tesla follows on Wednesday. Musk told analysts in July that “we can’t talk about combining companies and that kind of thing on an earnings call,” so a direct answer is unlikely from either stage. Tesla shareholders can still submit and vote on questions through the Say portal until 4 p.m. EDT on Monday, and the merger is a recurring theme in the queue.