SpaceX is reallocating resources to prepare its Starship rocket for a Mars mission next year, despite the vehicle still being in the experimental stage. CEO Elon Musk emphasizes the company's focus on overcoming technical challenges while maintaining operations with existing spacecraft.

SpaceX is set to invest $2 billion into Elon Musk's AI startup, xAI, as part of a larger equity raise. This move is aimed at helping xAI compete with industry leader OpenAI and will likely lead to further business collaborations between SpaceX and xAI.

SpaceX's Starship completed its tenth test flight successfully, reaching space and returning to Earth, marking a significant milestone for the rocket's development. Despite some issues, including engine shutdown and partial damage during re-entry, the mission met its key objectives and signifies progress for both SpaceX and NASA as they prepare for future lunar missions.

SpaceX's Starbase in Texas has evolved rapidly, culminating in the opening of the massive Starfactory designed to produce one Starship rocket per day. Despite ambitious goals, the Starship program has faced significant setbacks with multiple test flight failures, raising concerns about its feasibility and the future of SpaceX's plans for deep-space exploration. The company is focused on overcoming these challenges while navigating political controversies surrounding its founder, Elon Musk.

Elon Musk announced that SpaceX's revenue is projected to reach nearly $16 billion in 2025, driven by its busy rocket-launch business and the growth of its Starlink satellite division. This growth positions SpaceX to exceed NASA's budget by 2026, highlighting the company's significant role in the commercial space sector.

Elon Musk announced plans for SpaceX to construct a massive "gigabay" in Texas capable of housing up to 1,000 Starship rockets annually. This initiative is part of Musk's vision to establish a self-sustaining colony on Mars to ensure humanity's long-term survival against potential extinction threats. The company aims to facilitate frequent launches of rockets to support this colonization effort.

Elon Musk has become the first person in history to achieve a net worth of $500 billion, driven primarily by a rise in Tesla's stock price and the growing valuations of his other companies, including SpaceX and xAI. This milestone highlights Musk's position as the world's richest person, just under a year after surpassing $400 billion.

Elon Musk announced that SpaceX plans to launch a larger, fully reusable version of its Starship spacecraft in 2026. This development signifies a significant step in SpaceX's goal of making spaceflight more accessible and sustainable. The new design aims to enhance payload capacity and operational efficiency for future missions.

Elon Musk announced that SpaceX is targeting its first catch attempt of the Starship rocket during flights 13 to 15, contingent upon the success of upcoming V3 test flights. The recent successful Flight 10 included significant mission objectives, setting the stage for future advancements in SpaceX's plans for interplanetary travel. However, the catch attempt may be delayed until 2026 due to the need for accelerated launch rates.

SpaceX has agreed to a $17 billion deal to purchase wireless airwaves from EchoStar, which includes $8.5 billion in cash and stock, as well as a contribution to EchoStar's debt payments. This acquisition aims to strengthen SpaceX's presence in the mobile-phone market and enhance its satellite service capabilities.

SpaceX's Starship rocket exploded during a ground test in South Texas, marking another setback for the program following three previous failures. The explosion occurred while the rocket was preparing for a static fire test, and initial reports indicate a failure of a high-pressure nitrogen tank inside the rocket. Fortunately, all personnel were evacuated safely, and there are no hazards reported to nearby residents.