SpaceX conducted a static-fire test with one of its Super Heavy boosters today (June 6), part of the prep work for the next test flight of the Starship megarocket.

This flip worked flawlessly, and Booster then restarted the 10 inner ring of Raptors, having all 13 engines running for the boost-back burn. This suggests that SpaceX has addressed some of the ignition issues with the Raptor during past flights.

Musk probably doesn’t have much to fear. Legally, the Trump administration would likely enmire itself in lengthy legal disputes if it appeared to cancel contracts out of spite. Moreover, as the world’s No. 1 launch provider and maker of low-Earth orbit satellites, SpaceX may have made itself indispensable.

Heavy cloud cover didn't deter veteran photog Malcolm Denemark from getting a cool shot of a Space X Falcon 9 rocket launch on June 3.

If President Trump cancels the contracts for Elon Musk’s private spaceflight company, the federal government would struggle to achieve many goals in orbit and beyond.

All may not be lost, though. If you truly want to invest in SpaceX, a copycat business in Rocket Lab ( RKLB 9.43%) may be for you. Here's why anyone clamoring to buy SpaceX stock should seriously consider Rocket Lab for their portfolio instead.

The company is developing a larger vehicle, named Helios, that could meaningfully improve the ability of SpaceX's Falcon 9 and Falcon Heavy to transport large payloads to the Moon, Mars, and other destinations in the Solar System.

Elon Musk's escalating feud with President Trump could have serious financial fallout for the tech billionaire's companies.