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

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.