SpaceX's Starship is the ultimate goal for the company.

Elon Musk, CEO of SpaceX, believes that the key to achieving multiplanetary human life is through the development of a fully reusable rocket system capable of transporting a significant amount of equipment, supplies, and people to deep space.

That’s why SpaceX created Starship.

The spacecraft consists of two stainless steel parts, the first-stage Super Heavy booster at the bottom and the second-stage Starship spacecraft on top. It will be capable of carrying over 100 metric tons of cargo and crew on each launch.

The two components of Starship, which together stand nearly 400 feet high, are almost 100 feet taller than the Statue of Liberty.

The booster requires 33 Raptor engines from SpaceX, while the spacecraft has an additional seven engines.

Private funding in space-related companies reached $10 billion in 2021, a tenfold increase over the past decade, indicating a shift in investment focus from Earth-based activities to space exploration.

Lunar and beyond investment reached a record high of $1 billion from private investors in 2021, according to Brooke Stokes, associate partner at McKinsey. The focus has shifted to exploring the moon and beyond, including Mars, as seen in recent developments.

If SpaceX succeeds with both Starship and Starlink, its valuation could soar into the trillions of dollars.

Elon Musk's SpaceX is working on a new spacecraft called Starship, which could revolutionize space travel and open up new possibilities for exploration and colonization beyond Earth.