Get All Access for $5/mo

Elon Musk Reveals When SpaceX Will Reach Its Next Major Milestone On Thursday, Musk gave a formal presentation on the development of SpaceX's Starship.

By Chloe Arrojado Edited by Jessica Thomas

Bloomberg | Getty Images

On Thursday, SpaceX CEO Elon Musk gave a presentation on the design, development and testing of the company's Starship. This is the first time Musk has given a formal presentation on the space venture since September 2019.

During his update, Musk relayed confidence that the SpaceX Starship, designed for trips to the moon and Mars, will get to Earth's orbit for the first time in 2022.

"I feel at this point highly confident that we'll get to orbit this year," Musk said.

However, there are a few operational challenges for the Starship moving forward. Though he has a "rough estimate" that the Federal Aviation Administration (FAA) will give SpaceX approval to try a launch to orbit from Boca Chica, Texas in March, Musk admitted SpaceX doesn't have much insight into where things stand with the government agency. He also touched on technical improvements, such as fixing issues with the Starship's chamber.

Related: Elon Musk's SpaceX Is Putting a 'Literal Dogecoin on the Literal Moon'

Musk also clued the audience in on potential business opportunities for the Starship, though he shied away from revealing any names.

"There's going to be some future announcements that I think people will be pretty fired up about," he said. "There are a lot of additional customers that will want to use Starship [but] I don't want to steal their thunder. They're going to make their own announcements."

You can watch Musk's full update here:

SpaceX also released an animation simulating how a crewed Starship would voyage to Mars, which can be watched here:

Related: SpaceX Will Make Elon Musk a Trillionaire, According to Predictions

Chloe Arrojado

Entrepreneur Staff

Editorial Assistant

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Business News

Amazon Has a Blank Book Problem: Buyers Report Receiving Fakes of Bestselling UFO Book

The book looked fine on the outside, but the inside was out-of-this-world.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Paramount Leadership Alludes to Layoffs If Merger Does Not Go Through

Paramount is awaiting approval on its merger with Skydance Media from majority shareholder Shari Redstone.

Business News

Microsoft Reportedly Lays Off Over 1,500 Employees in Cloud Sector as Partnership with OpenAI Strengthens

Alphabet also reportedly laid off employees from several teams in Google's cloud unit last week.