
Tesla Inc (NASDAQ:TSLA) and SpaceX CEO Elon Musk said on Thursday the rapidly reusable Starship rocket that the space company is building would reach orbit before the end of the year.
What Happened: The billionaire entrepreneur showcased the updated massive, reusable rocket at the South Texas launch site at Boca Chica and said the company hopes to secure key approvals from the U.S. Federal Aviation Administration (FAA) next month.