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SpaceX Conducts Static Fire Test of Starship Upper Stage Ahead of Ninth Flight

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SpaceX has once again demonstrated progress with its next-generation Starship spacecraft by conducting a full-duration static fire test of the vehicle’s upper stage on May 12th at its Starbase facility in South Texas. During this important milestone, the 171-foot-tall upper stage fired all six Raptor engines for approximately 60 seconds, confirming the ship’s readiness as it undergoes final preparations. This test marks the third static fire for this particular Starship, highlighting SpaceX’s methodical approach to refining the vehicle before its highly anticipated ninth test flight. The company shared video and images from the test on social media, giving enthusiasts a closer look at the spacecraft’s development.

This static fire represents one of the last critical steps before the vehicle’s next launch, though SpaceX has yet to announce an official date. The booster designated for Flight 9 has also completed its own static fire test, fueling speculation that the launch could be imminent, possibly within weeks. Once fully assembled, the Starship system towers at 403.5 feet, making it the most powerful rocket ever built. Its design emphasizes full reusability for both the Super Heavy booster and the Starship upper stage—an essential feature for future missions to the Moon, Mars, and beyond.

To date, Starship has flown eight test missions, including two in 2025. While the launches themselves proceeded smoothly, the upper stage encountered failures shortly after reaching space during both 2025 flights. Notably, the Super Heavy booster executed impressive and precise landings back at Starbase, aided by the giant launch tower’s “chopstick” arms—a first-of-its-kind rocket-catching method. However, the upper stage exploded less than ten minutes post-launch on both occasions, raising questions about its stability and resilience.

Despite these setbacks, SpaceX continues to refine Starship, pushing closer to achieving a fully reusable spacecraft capable of supporting ambitious space exploration goals. With multiple static fire tests completed and ongoing improvements, the ninth launch is expected to come soon, provided the company maintains its rapid pace of testing and development at Starbase. Enthusiasts and space watchers alike remain eager to see how Starship progresses on its path toward becoming a cornerstone for humanity’s interplanetary future.

FTC Probes Media Matters Over Alleged Role in X Advertiser Boycott

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The U.S. Federal Trade Commission (FTC) has opened an investigation into Media Matters, demanding documents about potential coordination with other watchdog groups accused by Elon Musk of organizing advertiser boycotts targeting X, the social media platform formerly known as Twitter.

According to a document reviewed by Reuters, the FTC issued a civil investigative demand (CID) requesting details about Media Matters’ communications with groups like the Global Alliance for Responsible Media (GARM)—a now-disbanded initiative under the World Federation of Advertisers. Both organizations are also being sued by Musk’s company for allegedly coordinating an illegal boycott of X.

The investigation is focused on whether Media Matters and other entities colluded to pressure advertisers into pulling ad spending from X, which Musk acquired in 2022.

Escalation Under Trump-Era FTC Chair

The probe reflects a shift in priorities under FTC Chairman Andrew Ferguson, appointed by President Donald Trump. In December, Ferguson stated:

“We must prosecute any unlawful collusion between online platforms, and confront advertiser boycotts which threaten competition among those platforms.”

The FTC has not made any formal accusations, and a CID is not an indication of wrongdoing. However, the demand signals that federal regulators are scrutinizing possible anticompetitive conduct in the ad industry amid rising political and legal tensions between progressive media groups and Musk-led platforms.

Media Matters Responds

Angelo Carusone, President of Media Matters, condemned the probe:

“The Trump administration has been defined by naming right-wing media figures to key posts and abusing the power of the federal government to bully political opponents and silence critics.”

“These threats won’t work; we remain steadfast to our mission.”

Media Matters is engaged in two legal battles with X—defending itself from a 2023 defamation lawsuit and pursuing its own case accusing X of retaliatory litigation tactics.

Background and Broader Legal Context

  • X sued Media Matters in 2023 for publishing reports that showed major brand ads appearing next to extremist content on the platform.

  • Media Matters countersued, alleging that Musk’s company was trying to silence critical reporting with costly, meritless lawsuits.

  • X also sued the World Federation of Advertisers and major brands in Texas federal court, alleging unlawful conspiracy to limit advertising.

  • The U.S. House Judiciary Committee, chaired by Rep. Jim Jordan, has previously accused GARM of coordinating an illegal group boycott. The initiative was shut down in August 2023.

Market Context

While X has struggled with declining ad revenue since Musk’s takeover, research by Emarketer suggests ad spending could increase in 2025, although it still remains below pre-acquisition levels.

Elon Musk, a major Trump campaign donor, has been publicly vocal about alleged efforts to suppress conservative voices and crypto innovation, while also pushing a broader federal workforce reduction initiative.

Workday Shares Drop as Lukewarm Subscription Forecast Signals Caution in Tech Budgets

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Workday Inc. saw its shares fall by 5% in extended trading Thursday after forecasting second-quarter subscription revenue that merely met Wall Street expectations, signaling caution amid weakened client spending and ongoing economic uncertainty in the enterprise software market.

The California-based human capital and financial management software provider projected Q2 subscription revenue of $2.16 billion, aligning with analysts’ consensus but doing little to boost investor confidence. The company also reiterated its full-year guidance of $8.8 billion in subscription revenue for fiscal 2026.

“We remain focused on executing in this uncertain environment,” said CFO Zane Rowe.

Despite this cautious outlook, Workday reported solid Q1 results:

  • Total revenue: $2.24 billion (vs. $2.22 billion expected)

  • Subscription revenue: $2.06 billion (slightly above $2.05 billion consensus)

  • Adjusted EPS: $2.23 per share (beating $2.01 estimate)

In tandem with its earnings release, the company announced a new $1 billion share repurchase program, a move often intended to reassure investors amid stock volatility.

Competitive Landscape and Federal Setback

Workday competes against enterprise giants like Oracle and SAP, both of which boast larger back-office software businesses. Analysts note that increased competition in the HR and finance software market may pressure pricing and margins in the coming quarters.

Adding to its recent headwinds, Workday was stripped of a federal HR platform contract earlier this month by the U.S. Office of Personnel Management. The decision followed criticism that the award process did not seek competitive bids. The canceled contract had been connected to efforts from within the Elon Musk-backed campaign to restructure federal workforce management, which could further dampen Workday’s growth in the public sector.

Analyst Outlook

While the company continues to grow and outperform near-term expectations, its muted forecast reflects broader macroeconomic concerns and signals that even resilient SaaS firms are not immune to tightening tech budgets. Analysts expect Workday to maintain its position among top enterprise software providers but caution that client spending softness and lost contracts may limit upside in the short term.