SpaceX
Dreams of Mars in the age of commercial spaceflight
If you had asked me five years ago what my ultimate goal in life was, I would have undoubtedly stated with confidence that it was to take part in the human exploration of Mars. Uplifted, brimming with optimism, and nostalgic for futures yet to pass after reading Kim Stanley Robinson’s unprecedented Mars Trilogy for the second time, I was dead set upon this singular goal. Amidst the throes of life and labor, my longing to live on Mars and personally experience our Solar system in general has remained steadfast and has continued to be fueled by a broad range of science fiction and space opera, among other things.
Now, it has been no easy task to keep those goals intact, and I cannot begin to count the number of times I have communicated those goals to others and experienced something akin to what someone in 1960 maintaining serious goals of visiting space and the Moon might have experienced — usually disdain, sometimes mild interest, and mostly polite dismissal and change of subject. I cannot blame people for this response, for all significant leaps made by humankind have been figuratively laughed out of the room at one time or another, and often just before they succeeded. Spaceflight is one of the best examples, with science fiction initially probing the willingness of the public’s imagination, central scientific and scholarly figures dismissing the possibility outright, and ups and downs of initial experimentation demonstrating both its futility and potential. Ultimately, the Mercury, Gemini, Apollo, and Soviet space programs invalidated a great deal of criticism and doubt while simultaneously demonstrating space exploration’s ability to capture the attention of a great many people, albeit under the iron curtain of the Cold War. Even if these programs and their subsequent accomplishments occurred not out of the desire to explore and discover but rather as a means to demonstrate the superiority of a political and economic ideology, it was nevertheless an awe-inspiring period for human exploration, technological development, and scientific inquiry.
Jump approximately half a century forward after Apollo 17 and one will find that the state of astronautics and space exploration are truly difficult to believe, in a sense of both intense disappointment and esteem. The impact of the United States Congress’ complete and utter failure to properly take advantage of the technology developed over the course of the Apollo Program is ever so painfully evident to this day, having led to a series of connected missteps over the course of NASA’s existence. The premature cancellation of the Apollo Program and complete dismissal of the Saturn family of rockets resulted in a five-year period wherein the U.S. was incapable of launching its own astronauts. This event marked the beginning of an apparent trend that saw itself repeated following the shuttering of the Space Shuttle Program in 2011 — the development of which led to the premature retirement of the Saturn family of rockets — in order to free up NASA’s budget to inexplicably allow for the development of another series of rockets as part of President Bush Jr.’s Constellation Program, which later found itself cancelled (for good reason) and again largely revived with the present Space Launch System.
Upon further examination of the Apollo, Space Shuttle, Constellation, and SLS programs, some rather disturbing realities set in. Following the cancellation of Apollo, Congress, the President, the Air Force, and the Department of Defense in general all had significant interest in the pursuance of much more affordable and rapid access to space by way of reusability, something that they all viewed was best achieved by way of a space plane. Each party had their own explicit and varied concepts for what that space plane might look like, and the Air Force, Department of Defense, and NASA were all engaged in scaled studies of demonstrators. To simplify a complex series of events, Congress and President Nixon ultimately decided that there should only be one spaceplane developed, and that that singular vehicle would be required to satisfy the goals of all parties to the greatest extent possible in order to allow its development to tap into the Department of Defense’s budgetary surplus. Furthermore, in order to satisfy the Senators and Congresspeople central to the development of the Apollo Program hardware, NASA was required to make use of all presently existing facilities, hardware, and expertise in their efforts to design and develop what would eventually become the Space Shuttle. As a consequence of this, the Space Shuttle was in no way an optimal design, as it first and foremost was the innate result of political and bureaucratic compromise on a vast scale. In fact, at least one of the two complete failures of the Shuttle (making it the deadliest spacecraft to have ever flown) can in large part be linked directly to one of those compromises, namely the general requirement that the Shuttle be completely reusable, resulting in the use of an exceptionally fragile (it could be broken by falling foam from the Shuttle’s external fuel tank) and complex thermal protection system being flown.
The Constellation Program, enacted by President Bush Jr. and pursued from 2005 to 2009, was even worse off. More or less the political pet project of a Presidential administration in their final term, Constellation was intended to take humans back to the Moon and eventually to Mars, and entailed the development of a super heavy launch vehicle and smaller launch vehicle for crews. Both of these were required to make use of Shuttle hardware and research, thus paving the road for the Space Launch System (SLS) that was to follow after Constellation was cancelled, largely due to massive budget overruns, gross safety concerns, and a NASA budget that was many times too small to support such ventures on a reasonable timescale. Arising from the grave of Constellation, the Obama administration’s Space Launch System and #JourneyToMars campaign began in earnest. Examined now, it is clear that all SLS learned from the failure of the Constellation Program was a strategy of legal obfuscation and legislated requirements of non-transparency, thus making the SLS Program extraordinarily difficult to characterize or cancel. Of course, the hints of commercial lobbyist fingers pulling strings can be easily observed, given that both Constellation and SLS heavily rely upon Boeing, Lockheed Martin, Orbital-ATK, and Aerojet-Rocketdyne; as well as the fact that the districts of the legislative members of space-related committees featured in Congress and the Senate tend to host large manufacturing and testing facilities developed by NASA and the commercial entities listed above. A mere coincidence this is not.
Nevertheless, the subject of commercial involvement in NASA and aerospace endeavors in general brings me to a more positive topic: the modern renaissance being experienced throughout the aerospace industry. While incredible things are being done with satellite miniaturization among other things, my main focus lies upon Space Exploration Technologies Corporation, more commonly known as SpaceX. Founded by the same individual who co-founded Tesla Motors, popularized a vacuum train concept known as the Hyperloop, and created Paypal, SpaceX has from the outset operated towards a single goal of colonizing Mars in order to better ensure the survival of humanity, while also inherently disrupting the aerospace industry (which was at the time ruled by Lockheed Martin and Boeing, later to become the United Launch Alliance monopoly). One could argue that they have thoroughly accomplished the latter goal, as SpaceX currently offers the most affordable launch prices (by a factor of two or more in the U.S.) and is also relentlessly pursuing a strategy of reusability in order to make their launch pricing magnitudes more affordable. Furthermore, SpaceX developed their second launch vehicle and orbital capsule, Falcon and Dragon, so fast and so efficiently that an optimistic NASA-produced estimate of development cost was more than 10 times higher than the reality. Nevertheless, there have been missteps along the way. SpaceX’s recent on-pad failure, captured in a dramatic and highly popularized video, has not been easy and simply demonstrates the inherent difficulties and risks that must be faced when attempting to push the margins with something as sensitive as spaceflight. This is thankfully accepted by the industries who rely upon access to space, and thus SpaceX’s many customers have responded pragmatically, and SpaceX has been treating this failure as another method of examining their vehicle in detail in order to better understand potential routes of failure and consequently ensure that they have the safest possible vehicle to conduct their initial upcoming manned launches.
Most importantly, this mishap has clearly failed to dampen SpaceX’s goal of creating a colony on Mars. In late September 2016, after more than a year and a half of anticipation in the aerospace community, Elon Musk took to the main stage of the International Aeronautical Conference and revealed the spacecraft and launch vehicle that SpaceX intends to use to construct a vast, self-sustaining colony on Mars. Deemed the Interplanetary Transport System, it hopes to exploit complete reusability and the benefits of mass production already demonstrated with the Falcon 9 in order to decrease the cost of trip to Mars by five million percent, thus optimistically opening the figurative gates to Mars by offering a ticket price equivalent to a modern luxury car or averagely priced house ($100,000 to $500,000). The shock value alone is enough to sow doubt in many. The combined spaceship and booster will stand 10 meters taller and 2 meters wider than Saturn V, the currently largest rocket to have ever flown successfully. Used in an expendable configuration, it would be capable of lofting more than four times the payload of Saturn V (550 metric tons), and up to 300 metric tons of payload to low Earth orbit while operating as a fully reusable system. The entire system will have a liftoff mass of 10,500 metric tons and produce 13,000 metric tons of thrust, both nearly four times as much as Saturn V. Framed in a fittingly staggering manner, the ITS booster at launch would momentarily produce as much power as the entire grid of the United States produces on average, 500 gigawatts.
A render of the complete ITS with booster and ship mated.
Seated in the audience of the Guadalajara Expo events room, I will admit that even I was quite skeptical. If successful, SpaceX would be leaping ahead of all competition and truly opening space to the masses, while also completely upsetting current accepted norms of what can be done in space. For perspective, the downright vast International Space Station, constructed over the course of more than a decade with more than 100 launches required at a cost of possibly $100 billion or more, masses in at about 430 metric tons. A single ITS ship could theoretically loft that mass and then some in a single launch, and at a cost of approximately $250 million. While of course that is an unfair comparison, it is still fair to judge the cost of the ISS almost entirely as a reflection of the launch costs, given that the 36 Shuttle launches it required cost NASA at least $50 billion, with the reasonable assumption that each STS launch was around $1.5 billion. Continuing on, SpaceX’s timescale noted that the ITS structure and propulsion systems are expected to be completed by the end of 2018, with complete ITS ship and booster test articles entering test phases in mid-2018 and early 2019 respectively. In this theoretical (and admittedly optimistic) schedule, cargo flights to Mars would begin in 2022, and the first ITS with passengers would depart for Mars in late 2024 (approximately 8 years from today) for a landing in early 2025. The next likeliest “competitor”, NASA, has no public schedule or plan whatsoever for their “#JourneyToMars” and have at best hinted at manned missions beginning in the late 2030s or early 2040s, although such an accomplishment would require massive budget increases for the agency. SpaceX’s claims are truly extraordinary in their audaciousness. Their ultimate goal in creating this rocket and vehicle are to eventually allow for the creation of a self-sustaining colony of hundreds of thousands of people on Mars, an outpost that would optimistically act as a fail-safe for humanity in the event of a global catastrophe on Earth. They hope to make this possible by lowering the ticket price per individual to something under $200,000, or much lower than the average price of a single family home in the United States.
Yet still, two major features of the presentation allayed the majority of my skepticism: not only has the company completed an ITS engine test article and begun to test fire it, they have also completed a full scale carbon composite propellant tank for the spaceship and successfully put it through an initial series of tests. Examined as a technological system, these two aspects are arguably the biggest hurdles for the ITS to solve, as neither technology has ever flown successfully. These successful hardware demonstrations act as a massive source of optimism for SpaceX’s bold goals and timeline, as the breadth of their present-day accomplishments nearly match the sheer boldness of their ambitions. Furthermore, Elon Musk’s incredible desire to make this happen encourages even more optimism when regarding the financing of the development of the ITS, as he has a track record of putting every last penny of his liquid assets into his projects, up to the last day he expects to be able to fund them (evidenced by Tesla and SpaceX). He is now worth upwards of $10 billion and could undoubtedly fund the development of the ITS himself, in the unlikelihood of interested third-party investors.

This is a test-article carbon composite tank SpaceX manufactured to thoroughly vet the technology. Initial tests in Northern Washington have been successful.

The first firing of a scaled test article of SpaceX’s Raptor engine, designed to power both the ITS booster and spaceship.
I was lucky enough to experience this extraordinary keynote in person, and even luckier to have had my group recognized by SpaceX and the congress organizers and been given reserved seating near the front row, alongside heads of state, agencies, and commercial aerospace behemoths, not to mention astronautical celebrities like Buzz Aldrin. I was also able to attend dozens of other technical talks, many focused on current robotic exploration of Mars, as well as research into closed habitats intended to allow humans to live comfortably away from Earth while also producing a large percentage of the food they would need. The researcher presenting on habitats also revealed that SpaceX had already approached his group and another.
All told, the 2016 International Astronautical Congress offered a cautiously optimistic view of the future of spaceflight. Elon Musk ended his keynote on the ITS by emphasizing that SpaceX wanted to encourage other companies to begin developing the systems necessary for humans to comfortably journey to and thrive on Mars. SpaceX has no interest in creating a monopoly, the company’s singular desire is to more effectively ensure the survival of humanity, and as Musk said himself, to encourage people to do things that make them excited to get out of bed in the morning. More than ever before, I am nearly certain that I will find my way to Mars well within my lifetime, and I have never been more thrilled to be alive.
Addendum – A New Year
Written a handful of months after the Interplanetary Transport System (ITS) was revealed last year, and a similar number of months after the trying loss of Amos-6, the new year has been undoubtedly kind to SpaceX. The company has returned to flight with a vengeance, and is now nearing a steady two week launch cadence. With SES-10, SpaceX successfully reused a recovered Falcon 9 first stage, and then recovered that stage yet again. With the launch of CRS-11 yesterday and its successful docking just minutes ago, SpaceX appears to have successfully reused a Cargo Dragon capsule. Amidst the 7 launches undertaken thus far, SpaceX’s first mission to Mars has been delayed to 2020 as expected, the ITS composite tank as pictured above was tested to destruction in northern Washington-state, and Elon keeps tweeting about a second update to the ITS planned for later this year. Particularly exciting, the center core and one of the booster cores for the inaugural Falcon Heavy launch have already been put through full static fires at SpaceX’s McGregor, Texas facilities, with tentative guesses for a launch date ranging from October through December of this year. SpaceX also made a surprise announcement that two wealthy customers had approached the company in a bid to undertake a voyage around the Moon, as early as late next year. Business as usual, in other words!
In the meantime, SpaceX has a myriad of launches scheduled for the final six months of 2017. For those of you who enjoy watching SpaceX’s exceptional live coverage of their launches, you will have no shortage of excitement. With a rapidly improving cadence and first stage recovery already beginning to feel routine, things are looking very bright for SpaceX and it will be truly exciting to see how plans for the ITS have evolved since they were first released. Keep your eyes peeled for Teslarati’s coverage!
Sources
“Constellation Program Lessons Learned.” 2016. Accessed August 29. http://ntrs.nasa.gov/archive/nasa/casi.ntrs.nasa.gov/20110015803.pdf.
Heimann, C. F. Larry. 1997. Acceptable Risks: Politics, Policy, and Risky Technologies. University of Michigan Press. http://www.jstor.org/stable/10.3998/mpub.14948.
Logsdon, John M. 1986. “The Space Shuttle Program: A Policy Failure?” Science 232 (4754): 1099–1105.
Madsen, Peter M., and Vinit Desai. 2010. “Failing to Learn? The Effects of Failure and Success On Organizational Learning In The Global Orbital Launch Vehicle Industry.” The Academy Of Management Journal 53 (3): 451–76.
McDougall, Walter A. 1997. The Heavens and the Earth: A Political History of the Space Age. Baltimore, Md: Johns Hopkins University Press.
Musk, Elon. 2016. “The Interplanetary Transport System and Mars — SpaceX.” Guadalajara Expo Center, September 27.
Simberg, Rand. 2016. “Ending Apolloism.” Accessed September 5. http://transterrestrial.com/papers/EndingApolloism.pdf.
Elon Musk
Elon Musk’s Terafab project locks up massive new partner
Terafab, first revealed by Musk in March, is a massive joint-venture semiconductor complex planned for the North Campus of Giga Texas in Austin.
Elon Musk’s Terafab project just locked up a massive new partner, just weeks after the new project was announced by Tesla, SpaceX, and xAI, the three companies that will be direct benefactors from it.
In a landmark announcement on April 7, Intel joined Elon Musk’s Terafab project as a key partner alongside Tesla, SpaceX, and xAI. The collaboration focuses on refactoring silicon fabrication technology to deliver ultra-high-performance chips at unprecedented scale.
Intel CEO Lip-Bu Tan hosted Musk at Intel facilities the prior weekend, underscoring the partnership’s momentum with a public handshake.
Intel is proud to join the Terafab project with @SpaceX, @xAI, and @Tesla to help refactor silicon fab technology.
Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 TW/year of compute to power… pic.twitter.com/2vUmXn0YhH
— Intel (@intel) April 7, 2026
Terafab, first revealed by Musk in March, is a massive joint-venture semiconductor complex planned for the North Campus of Giga Texas in Austin. Valued at $20–25 billion, it aims to consolidate the entire chip-making pipeline, design, fabrication, memory production, and advanced packaging in a single location. It should eliminate a majority of Tesla’s dependence on third-party chip fab companies.
The facility will manufacture two primary chip types: energy-efficient edge-inference processors optimized for Tesla’s Full Self-Driving (FSD) systems, Cybercab and Robotaxi, and Optimus humanoid robots, and high-power, radiation-hardened variants for SpaceX satellites and xAI’s orbital data centers.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
The project’s audacious goal is to produce 1 terawatt (TW) of annual compute capacity, roughly 50 times current global AI chip output.
Production is expected to begin modestly and scale rapidly, addressing Musk’s warning that chip supply could soon become the biggest constraint on Tesla, SpaceX, and xAI growth. By vertically integrating manufacturing tailored to their exact needs, Terafab eliminates supply-chain bottlenecks and accelerates iteration for AI training, inference at the edge, and space-based computing.
Intel’s participation is strategically vital. The company will contribute expertise in advanced process technology, high-volume fabrication, and packaging to help Terafab achieve its aggressive targets. For Intel, the deal strengthens its foundry business and positions it as a critical U.S. player in the AI hardware race.
For Musk’s ecosystem, it secures domestic, purpose-built silicon at a time when global capacity meets only a fraction of projected demand for hundreds of millions of robots and orbital AI infrastructure.
This is the latest chapter in Intel-Tesla ties. In November 2025, Musk publicly stated at Tesla’s shareholder meeting that partnering with Intel on AI5 chips was “worth having discussions,” amid concerns about TSMC and Samsung capacity.
Exploratory talks followed, with Intel eyeing custom-AI opportunities. The Terafab integration transforms those conversations into concrete collaboration.
The Intel-Terafab alliance carries broader implications. It bolsters U.S. semiconductor sovereignty, drives innovation in cost- and power-efficient AI silicon, and supports Musk’s vision of exponential progress in autonomy, robotics, and space.
As AI compute demand surges, this partnership could reshape the industry, delivering the silicon backbone for a new era of intelligent machines on Earth and beyond.
Elon Musk
Elon Musk calls out $2 trillion SpaceX IPO valuation as ‘BS’
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
Elon Musk is quick to call out any false information regarding him or his companies on his social media platform, known as X.
A recent report that claimed SpaceX was aiming to go public with an IPO in the coming weeks at a massive valuation of $2 trillion was called out by Musk, who referred to it as “BS.”
In a swift rebuke on X, Elon Musk dismissed reports claiming SpaceX had confidentially filed for an initial public offering targeting a valuation above $2 trillion, labeling the information as unreliable.
The exchange highlights ongoing media speculation about the rocket company’s future and Musk’s frustration with what he views as inaccurate financial reporting. The report came from Bloomberg.
Don’t believe everything you read.
Bloomberg publishes bs.
— Elon Musk (@elonmusk) April 3, 2026
The controversy erupted on April 2, 2026, when influencer Mario Nawfal amplified claims from Bloomberg.
The outlet posted that SpaceX had boosted its IPO target valuation above $2 trillion, describing it as potentially one of the largest public offerings in history. Musk challenged the story.
It echoes past instances where Musk has corrected valuation rumors about his companies, emphasizing that speculation often outpaces reality.
Background context adds nuance.
Earlier reports indicated SpaceX had filed confidential IPO paperwork with the U.S. Securities and Exchange Commission, potentially positioning it for a record-breaking debut that could eclipse Saudi Aramco’s 2019 listing.
Initial estimates pegged a possible valuation north of $1.75 trillion, building on a post-merger figure around $1.25 trillion after SpaceX absorbed xAI. A subsequent Bloomberg update claimed advisers were floating figures above $2 trillion to investors, with the offering potentially raising up to $75 billion.
SpaceX remains a private powerhouse. Its achievements include thousands of Starlink satellites providing global broadband, routine Falcon 9 rocket reusability, and a mission to slash launch costs, along with ambitions for Starship to enable Mars colonization.
The company also benefits from government contracts with NASA and the Department of Defense. A public listing could democratize access for retail investors while subjecting SpaceX to greater scrutiny and quarterly reporting pressures.
Critics of the reports point to the confidential nature of filings, which limits verifiable details. Musk has previously downplayed inflated valuations, once calling an $800 billion figure for SpaceX “too high.”
Supporters argue that hype around mega-IPOs, especially amid the ongoing AI fervor, fuels premature narratives that distract from core technical milestones, such as full Starship reusability and Starlink constellation expansion.
The incident reflects broader tensions in tech finance. Anonymous sourcing in valuation stories can drive market chatter and betting activity, yet it risks misinformation.
Bloomberg defended its reporting through multiple articles citing “people familiar with the matter,” but Musk’s blunt dismissal resonated widely on X, with users piling on to question media reliability.
Whether SpaceX ultimately goes public remains uncertain. Musk has teased an IPO tied to Starlink maturity, but priorities center on engineering breakthroughs over Wall Street timelines. For now, the $2 trillion figure joins a list of rumored milestones that Musk insists should be taken with skepticism.
Elon Musk
Elon Musk reveals date of SpaceX Starship v3’s maiden voyage
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
SpaceX CEO Elon Musk has revealed the timeline for the next Starship launch. It will be the first launch using SpaceX’s revamped design for Starship, as its v3 rocket will take its maiden voyage sooner than many might expect.
Musk announced on April 3 on X that the next Starship flight test, and the first flight of the upgraded v3 ship and booster, is 4 to 6 weeks away. The update signals the end of a nearly six-month hiatus since the program’s last launch.
Elon says the first V3 Starship launch will occur in 4-6 weeks
It will be the first Starship launch since Flight 11 on October 13, 2025 https://t.co/QnnYPTdbUu
— TESLARATI (@Teslarati) April 3, 2026
The upcoming mission, designated as Starship’s 12 integrated flight test (IFT-12), marks a significant milestone. It will be the debut of the v3 configuration, featuring a taller Super Heavy Booster and Starship upper stage. The changes SpaceX has made with the v3 rocket and booster are an increased propellant capacity and the more powerful Raptor 3 engines.
Earlier predictions from Musk in March had pointed to an April timeframe, but the latest timeline now targets a launch window in early to mid-May 2026.
The V3 iteration represents a substantial evolution from previous Starship prototypes. Engineers have optimized the design for improved manufacturability, higher thrust, and greater efficiency. Raptor 3 engines deliver significantly more power while reducing weight and production costs compared to earlier variants.
With these enhancements, SpaceX aims to boost payload capacity toward 200 metric tons to low Earth orbit in a fully reusable configuration — a dramatic leap from the roughly 35-ton target of prior versions. Such capabilities are critical for ambitious goals, including NASA’s Artemis lunar missions and eventual crewed flights to Mars.
The announcement arrives after Flight 11 on October 13 of last year, which concluded a busy 2025 testing campaign. Since then, SpaceX has focused on ground testing, including cryoproofing of Ship 39 and preparations for Booster 19, the first V3 Super Heavy.
Recent activities have involved static fires, activation of the new Pad 2 at Starbase in Boca Chica, Texas, and integration of Raptor 3 engines.
A prior incident with an early V3 booster on the test stand in late 2025 contributed to the delay, necessitating additional assembly and qualification work.
Musk’s timeline updates have become a hallmark of the Starship program, often described with characteristic optimism.
SpaceX’s Starship V3 is almost ready and it will change space travel forever
While past targets have occasionally shifted by weeks, the rapid iteration pace remains impressive. However, don’t be surprised if this timeline shifts again, as Musk has been overly optimistic in the past with not only launches, but products under his other companies, too.
SpaceX continues to refine launch infrastructure, including new propellant loading systems and tower mechanisms designed to support higher cadence operations. A successful V3 flight could pave the way for more frequent tests, tower catches of both booster and ship, and progression toward operational reusability.
The v3 debut is viewed as a transition point for Starship, moving beyond experimental flights toward a system capable of supporting large-scale deployment of Starlink satellites, lunar landers, and interplanetary transport.
Success on IFT-12 would demonstrate not only the new hardware’s performance but also SpaceX’s ability to recover from setbacks and maintain momentum.
As the 4-to-6-week countdown begins, anticipation builds at Starbase. Teams are finalizing vehicle stacking, conducting final pre-flight checks, and preparing for regulatory approvals. The world will be watching to see if Starship V3 can deliver on its promise of transforming humanity’s access to space.