Tag: SpaceX

OpenAI is now the world’s most valuable private company at $500 billion

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OpenAI has overtaken SpaceX as the largest startup and most valuable private company in the world. Bloomberg has reported that the company has authorized a secondary share sale, which allowed its former and current employees to sell their stocks. OpenAI had authorized the sale of $10.3 billion in shares, but they ultimately sold $6.6 billion to investors that include Softbank, Abu Dhabi government’s MGX fund, American investment firm Thrive Capital and global investment management firm T. Rowe Price. As Bloomberg explains, that has boosted the company’s valuation to $500 billion from $300 billion, overtaking SpaceX with a $400 billion valuation and TikTok developer ByteDance at $220 billion.

In early September, OpenAI said it was getting closer to transitioning to a new structure that will turn it into a Public Benefit Corporation (PBC) controlled by its nonprofit arm. The company’s nonprofit division received an equity stake of more than $100 billion, making it a major shareholder of the PBC. SpaceX’s CEO Elon Musk is one of the biggest critics of OpenAI’s decision and has been trying to block the company’s for-profit transition in court. Musk was one of OpenAI’s founders and funded its initial operations. He claimed in court that OpenAI and Altman are breaking their contract with him and violating the company’s founding mission of building AI “for the benefit of humanity” by changing its structure.

OpenAI is hoping that being a PBC would make it more appealing to investors, as it would remove the cap on the financial returns they can get. It needs a lot more money than what it has raised so far, after all: OpenAI chief Sam Altman previously said he intends to spend trillions of dollars on building out data centers to run artificial intelligence services.

Falcon 9 Milestones Vindicate SpaceX’s ‘Dumb’ Approach to Reuse

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As SpaceX’s Starship vehicle gathered all of the attention this week, the company’s workhorse Falcon 9 rocket continued to hit some impressive milestones.

Both occurred during relatively anonymous launches of the company’s Starlink satellites but are nonetheless notable because they underscore the value of first-stage reuse, which SpaceX has pioneered over the past decade.

The first milestone occurred on Wednesday morning with the launch of the Starlink 10-56 mission from Cape Canaveral, Florida. The first stage that launched these satellites, Booster 1096, was making its second launch and successfully landed on the Just Read the Instructions drone ship. Strikingly, this was the 400th time SpaceX has executed a drone ship landing.

Then, less than 24 hours later, another Falcon 9 rocket launched the Starlink 10-11 mission from a nearby launch pad at Kennedy Space Center. This first stage, Booster 1067, subsequently returned and landed on another drone ship, A Shortfall of Gravitas.

This is a special booster, having made its debut in June 2021 and launching a wide variety of missions, including two Crew Dragon vehicles to the International Space Station and some Galileo satellites for the European Union. On Thursday, the rocket made its 30th flight, the first time a Falcon 9 booster has hit that level of experience.

A Decade in the Making

These milestones came about one decade after SpaceX began to have some success with first-stage reuse.

The company first made a controlled entry of the Falcon 9 rocket’s first stage in September 2013, during the first flight of version 1.1 of the vehicle. This proved the viability of the concept of supersonic retropropulsion, which was, until that time, just theoretical.

This involves igniting the rocket’s nine Merlin engines while the vehicle is traveling faster than the speed of sound through the upper atmosphere, with external temperatures exceeding 1,000 degrees Fahrenheit. Due to the blunt force of this reentry, the engines in the outer ring of the rocket wanted to get splayed out, the company’s chief of propulsion at the time, Tom Mueller, told me for the book Reentry. Success on the first try seemed improbable.

He recalled watching this launch from Vandenberg Space Force Base in California and observing reentry as a camera aboard SpaceX founder Elon Musk’s private jet tracked the rocket. The first stage made it all the way down, intact.

“I remember watching the live video and seeing the light of the engine on the ocean,” Mueller said. “And holy shit, it was there. The rocket came down, landed in the ocean, and blew up. That was unreal. It worked the first time. I was like, get the barge ready. Get the landing legs ready. This shit works.”

It would take a good deal more tinkering and experimentation, but by December 2015, SpaceX had landed its first rocket on a pad along the Florida coast. The first drone ship landing followed in April 2016. A little less than a year after this, SpaceX reflew a Falcon 9 stage for the first time.

Silencing the Doubters

Many people in the industry were skeptical about SpaceX’s approach to reuse. In the mid-2010s, both the European and Japanese space agencies were looking to develop their next generation of rockets. In both cases, Europe with the Ariane 6 and Japan with the H3, the space agencies opted for traditional, expendable rockets instead of pushing toward reuse.

As a result, both of these competitors for commercial satellite launches are now about a decade behind SpaceX in terms of launch technology. If the ambitious Starship rocket is successful, that gap could widen further.

SpaceX notches major wins during 10th Starship test

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SpaceX’s massive Starship rocket lifted off on its 10th test flight Tuesday evening, hitting two long-sought milestones and putting an end to a string of failures.

The 403-foot vehicle lifted off from Starbase, SpaceX’s launch facility and recently incorporated city, at 7:30 p.m. ET after two scrubs earlier this week. The rocket ascended on 33 methane-fueled Raptor engines before separating around three minutes after liftoff.

On descent, the Super Heavy booster tested out a new maneuver: intentionally shutting down the engines used for landing and transitioning to backup engines. The test will help engineers understand how the booster might perform in the case of failure. The test appeared to go as planned, with the 232-foot-tall booster successfully making a targeted splashdown in the Gulf of Mexico.  

Meanwhile, the upper stage, also called Starship, reached space. There, for the first time on a Starship flight, it opened its Pez-style payload door and released eight Starlink mass-simular satellites. This is a capability that SpaceX had planned but failed to demonstrate on earlier missions. The company also successfully relit one of the Raptor engines in space before guiding the vehicle toward the Indian Ocean, where it splashed down, tipped over, and promptly exploded.

On the way down, the exterior of the ship was exposed to incredible heat during atmospheric reentry, providing an excellent test environment for the upgraded thermal-protection system. SpaceX also used this test to try out a series of experiments, like removing tiles from sections of the ship to see how its “skin” operates on reentry, plus a new metallic tile and an actively cooled tile.

Most importantly, however, is the upper stage completed the entire test and splashed down in the Indian Ocean without losing comms with SpaceX engineers. During the last flight, the ship reached space and then lost attitude control during the coast phase, preventing the payload doors from opening. Engineers appear to have overcome those issues.

It’s a big win for SpaceX, which has repeatedly lost the Starship upper stage due to a series of technical failures during flight. The persistent issues have raised questions as to whether the rocket will be ready to land humans on the moon by mid-2027 for NASA, or when it will be capable of deploying next-gen Starlink satellites for the company.

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This test marks a material advancement for the Starship program, which the company wants to eventually use to send humans and cargo to Mars. While SpaceX still has to complete a series of tough technical milestones before it can get there, it got one step closer tonight.

Service returns after over two hours down

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SpaceX’s Starlink satellite internet service experienced a global outage on Thursday that lasted for over two hours. Reports of connectivity issues started around 3:20PM ET, based on DownDetector. SpaceX didn’t acknowledged the outage until 4:05PM ET, via a post on the Starlink X account. Service began to come back for some at around 5:30PM ET, and Michael Nicolls, Starlink’s VP of engineering, said the provider had “mostly recovered” at 6:23PM ET.

Users across the US, Europe, the UK and Asia reported issues on r/starlink, the service’s Reddit page, and SpaceX even acknowledged the outage on Starlink’s website. The company hasn’t shared the number of people who were actually impacted, but it could be in the millions — as of the last Starlink network update, the service has over six million active customers globally.

The initial announcement that SpaceX was working on a fix didn’t explain what cause the outage or what was being done to restore service. “Starlink is currently in a network outage and we are actively implementing a solution,” the company’s X post said. “We appreciate your patience, we’ll share an update once this issue is resolved.”

In announcing the service’s recovery, Nicolls explained that the outage was due to a “failure of key internal software services that operate the core network,” rather than any issue with SpaceX’s satellite constellation or other hardware problems. Nicolls added that Starlink will “fully root cause this issue and ensure it does not occur again.

Starlink is designed to be accessible where traditional service providers can’t reach, making it a common option for van lifers and anyone living without traditional internet infrastructure. SpaceX has also partnered with companies like T-Mobile to use Starlink to extend smartphone connectivity outside the bounds of traditional cell networks. It’s not clear how T-Mobile’s Starlink service was impacted as by the outage.

Update, July 24, 6:30PM ET: Article has been updated to reflect that Starlink service is restored.

SpaceX in talks to raise new funding at $400B valuation

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SpaceX is looking to raise fresh capital by selling new shares to insiders in a deal that would boost its valuation to around $400 billion, according to reporting from Bloomberg. 

The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to sell some of their shares to a select group of investors, anonymous sources told Bloomberg. SpaceX typically holds tender offers twice per year. 

SpaceX’s valuation has steadily climbed since the company was founded more than two decades ago. The company broke the $100 billion valuation mark in October 2021 and doubled that figure just three years later. This latest round would represent a major jump from the $350 billion valuation set during the tender offer held in December 2024. 

Discussions are still ongoing, and the deal, including the final price, could change. 

Elon Musk tries to stick to spaceships

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Elon Musk’s interview with CBS Sunday Morning seemed to get off to an awkward start, as reporter David Pogue asked the SpaceX CEO about his thoughts on his ally Donald Trump’s policies, including growing restrictions on international students.

“I think we want to stick to the subject of the day, which is, like, spaceships, as opposed to, you know, presidential policy,” Musk said.

Pogue looked surprised, replying, “Oh, okay, I was told, ‘Anything’s good.’”

“No,” Musk said, while looking into the distance. “Well … no.”

He did, however, comment on the controversy around his Department of Government Efficiency, which has been making aggressive cuts across federal agencies, and which Musk complained had become “the whipping boy for everything.”

“If there was some cut, real or imagined, everyone would blame DOGE,” he said.

Musk also suggested that he’s “a little stuck in a bind” when it comes to the Trump administration, where “I don’t want to speak out against the administration, but I also don’t want to take responsibility for everything the administration’s doing.”

Pogue’s interview was conducted before SpaceX’s Starship test flight on Tuesday, which saw the ship successfully launch but lose control on reentry. Asked whether there’s anything linking his various companies — in addition to SpaceX, there’s Tesla (which faces ongoing anti-Musk protests), xAI and X (formerly Twitter), Neuralink, and The Boring Company — Musk replied, “I guess you could think of the businesses as things that improve the probable trajectory of civilization.”

At the time, Musk was supposedly pulling back from his government work but said he would remain involved for a “day or two” per week. He told Pogue, “DOGE is going to continue, just as a way of life. And I will have some participation in that, but as I’ve said publicly, my focus has to be on the companies at this point.”

Pogue noted that after their conversation, an interview clip of Musk’s comments criticizing the Trump-backed budget bill drove a news cycle of their own — and soon after, Musk said he was ending his time as a special government employee. Trump, however, subsequently said Musk is “not really leaving.”

SpaceX’s ninth test flight of Starship launches into space, ends in a spin

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SpaceX’s Starship successfully separated from its Super Heavy rocket booster and reached orbit Tuesday evening, but later began spinning and made an uncontrolled re-entry into the Indian Ocean. SpaceX had cleared the surrounding airspace where Starship was coming down, according to the company.

The ninth test flight provided a mix of successes and failures for the company. It was the smoothest Starship test of the year, following two consecutive explosions. Starship, launched atop the Super Heavy booster, lifted off from SpaceX’s facility in southern Texas on Tuesday evening. It was also the first launch to use a flight-proven Super Heavy booster, which had launched and returned during Starship’s seventh flight test.

The heavy booster successfully separated and Starship entered space. But the ship was unable to open a side cargo hatch to deploy mock satellites in one planned test. Later in the flight, Starship lost attitude control, meaning it could no longer orient itself properly for re-entry.

The ninth flight test came less than a week after the Federal Aviation Administration cleared SpaceX to perform the test flight of its Starship rocket system following those back-to-back explosions earlier this year.

In January, SpaceX caught the Starship’s heavy booster rocket on its descent for a second time. Starship successfully separated from the booster and ignited its rockets to ascend to orbit, but it was soon lost after suffering an anomaly. Debris from Starship fell into the airspace near Puerto Rico, prompting the FAA to reroute several aircraft in the airspace.

SpaceX conducted another test in March. This time, the Super Heavy booster successfully separated was caught by the launch tower in Texas for a third time. Starship reached space, but eight minutes into the flight, the ship lost multiple Raptor engines and began to spiral.

As a result of the two explosions, the FAA expanded the size of hazard areas in the U.S. and other countries for the flight based on an updated safety analysis provided by SpaceX. After completing an investigation in the loss of Starship on its eighth flight test, SpaceX made several hardware changes to increase reliability.

How to watch SpaceX’s ninth Starship flight test on Tuesday

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The FAA last week cleared SpaceX’s Starship to fly again after concluding its review of the previous flight, which ended in an explosion, and the next test could now take off as soon as Tuesday. SpaceX is eyeing May 27 for Starship’s ninth flight test, with a launch window opening at 7:30PM ET (6:30PM local time for the Texas Starbase). This launch will mark the first time SpaceX reuses a Super Heavy booster; the booster for flight nine previously flew with Starship’s seventh flight test earlier this year. While single-use parts have been replaced, SpaceX says it’s reusing 29 of the booster’s 33 Raptor engines.

As always, viewers at home will be able to watch along by tuning into the livestream, starting about 30 minutes before Starship launches. That will be available on SpaceX’s website and in a broadcast on its X profile.

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SpaceX conducted Starship’s eighth flight test back in March, but the vehicle ran into some issues a few minutes after launch. The Super Heavy booster was able to return to the launch site after separation from the upper stage and be successfully caught by the tower’s “chopstick” arms, but as for the ship itself, several Raptor engines shut off, causing it to tumble and ultimately blow itself up.

SpaceX says the issue was likely due to “a hardware failure in one of the upper stage’s center Raptor engines that resulted in inadvertent propellant mixing and ignition.” It’s since made some changes to prevent that from happening again. SpaceX said in an update on May 22 that “engines on the Starship’s upper stage will receive additional preload on key joints, a new nitrogen purge system, and improvements to the propellant drain system.”

For flight nine, the Super Heavy booster won’t return to the launch site, but will instead splash down in the ocean. The Starship upper stage will attempt to deploy eight Starlink dummy satellites, and SpaceX is otherwise looking to this flight to test “several experiments focused on enabling Starship’s upper stage to return to the launch site.”

SpaceX could soon have more control over Texas public road and beach closures

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SpaceX could soon have greater control over the recreational activities of South Texas residents. The Houston Chronicle (via Gizmodo) and San Antonio Express-News report that a pair of state senate bills introduced earlier this month would give officials at the likely Starbase city the authority to decide when a nearby beach shuts down for weekday launch activities. Meanwhile, a third bill floated on Wednesday would take the company’s control a step further, making it a criminal offense for people on the beach not to comply with SpaceX’s evacuation orders.

The bills are possible because of an upcoming election that will almost certainly give SpaceX officials control of the area. On May 3, voters will decide if Starbase becomes a Texas city, something Elon Musk first proposed in 2021. Given that the area near the rocket site is populated mainly by SpaceX employees (after previous homeowners in Boca Chica Village moved, often after being bought out by the company), let’s just say the election’s outcome won’t likely be a toss-up.

Republican state senator Adam Hinojosa’s first bill, SB 2188, would let Starbase city officials (assuming the municipality establishment bill passes) decide when Boca Chica Beach is closed for weekday rocket tests and flights. An identical bill, HB 4660, was introduced in the state house by Republican Janie Lopez. Cameron County officials, who control the closures now, would maintain control on Friday afternoons and weekends.

Texas state senator Adam Hinojosa scowling in a photo.Texas state senator Adam Hinojosa scowling in a photo.

Texas state senator Adam Hinojosa (Campaign for Adam Hinojosa)

Meanwhile, Hinojosa’s second senate bill (SB 2230) would make it a Class B misdemeanor for people on the beach not to comply with Starbase’s evacuation orders. The freshman state senator said the bill would give the commercial spaceport “real teeth” to “compel people to do the right thing.” (Fittingly, Hinojosa’s election website touts his belief that “we don’t need more government in business — we need more business in government.”)

The Houston Chronicle reports that the FAA’s Environmental Assessment shows that SpaceX has moved much of its testing to a site that doesn’t require the closure of State Highway 4. A SpaceX flight test in April 2023 closed the road for over 24 hours, while another shuttered it for nearly eight hours last June. The company can close State Highway 4 for up to 500 hours each year for standard operations and up to 300 more hours to address incidents like an exploding rocket.

On the other hand, environmental groups have argued that SpaceX’s activities are damaging the area. Last year, the Center for Biological Diversity, American Bird Conservancy and other groups sued the FAA for allegedly rushing SpaceX’s permitting process without a full environmental review. And the Environmental Protection Agency fined the company for allegedly dumping pollutants into Texas wetlands adjacent to the Rio Grande River.

Craig Nazor, conservation chair for the Sierra Club’s Lone Star chapter, testified to the state senate on Wednesday that SB 2188 would “put beach closures directly in the hands of SpaceX.” He also expressed concern that the second senate bill could put folks who are unaware of an upcoming launch into legal trouble. “[SB 2230] could potentially make a criminal out of someone who’s out there and lost track of exactly what may be going on at the launch pad,” he said.

SpaceX shares stunning close-up footage of Starship engines firing up on 8th flight test

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SpaceX launched its mighty Starship rocket for the eighth time last week. The mission was a bit of mixed bag, with the team successfully catching the first-stage Super Heavy booster on its return to the launchpad, but losing the Starship spacecraft in a midair explosion minutes after stage separation. The Elon Musk-led spaceflight company is now looking into what went wrong.

After each Starship test, SpaceX usually releases video clips showing the mission’s key moments. On Sunday, it shared some extraordinary footage (below) captured from below the booster as it launched from SpaceX’s Starbase facility in Boca Chica, Texas. The slowed-down video shows the rocket’s 33 Raptor engines firing up as the enormous 120-meter-tall vehicle leaves the launchpad.

View under the launch mount as Super Heavy's 33 Raptor engines ignite on Starship's eighth flight test pic.twitter.com/WRCazkhyXs

— SpaceX (@SpaceX) March 9, 2025


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With the rocket pumping out a colossal 17 million pounds of thrust, it’s hard to fathom how the camera that captured the footage managed to stay intact. But stay intact it did.

SpaceX hasn’t revealed how it achieved the feat, but in the comments below the footage, someone asked X’s AI assistant, Grok, how the the footage was captured from such a seemingly vulnerable spot. The chatbot responded: “High-speed cameras under the launch mount capture the ignition of Super Heavy’s 33 Raptor engines. They’re mounted on reinforced structures, shielded from heat and debris, and use advanced telemetry to transmit footage in real-time. SpaceX has perfected this tech for jaw-dropping views like Starship’s eighth flight test.”

Capturing a close-up of the world’s most powerful rocket from this angle is all the more remarkable when you consider how the launchpad disintegrated when it was blasted by the Starship’s rocket engines on its maiden launch in April 2023.

For the second flight test, SpaceX engineers designed a more robust and secure launchpad able to handle the incredible force generated by the Raptor engines as the Starship lifted off.

Once testing of the rocket is complete, NASA and SpaceX will use the Starship rocket to carry crew and cargo to the lunar surface, and possibly to Mars, too.