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

BIZ Experiences Staff

Editorial Assistant

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

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

Business Ideas

70 Small Business Ideas to Start in 2025

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

Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

Franchise

How to Prepare Your Business — And Yourself — For a Smooth Exit

After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment.

Business News

Here Are the 10 Jobs AI Is Most Likely to Automate, According to a Microsoft Study

These careers are most likely to be affected by generative AI, based on data from 200,000 conversations with Microsoft's Copilot chatbot.