"Either of these developments, even when attempted separately, have bankrupted other organizations", they added. However, the launch and satellite initiatives the company is pursuing will each require several billion dollars to complete.
This work is taking place at both SpaceX headquarters in Hawthorne, California, and the company's test site in South Texas, near the border city of Brownsville, where the first flights will take place.
On Friday morning, SpaceX marked its first mission of 2019 with the launch of a Falcon 9 rocket from Vandenberg Air Force Base in Southern California.
We most recently saw the Starship in more than one piece, apparently in the midst of being assembled.
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Similar to the hopper, the spaceship will have a silver finish not just for style, but also because the exterior will be too hot for paint.
This two-stage vehicle - composed of a Booster and a Ship - is created to eventually replace the company's Falcon 9, Falcon Heavy and the Dragon spacecraft. Starship, the forward-looking concept thought to be the future of the company's space exploration ambitions, has appeared in brief teases as it slowly inches its way towards testing.
Another $10bn (£7.7bn) project called Starlink would create a constellation of satellites to provide affordable broadband internet service. While at Washburn, he was the managing editor of the student run newspaper, the Washburn Review.
The test hopper, like its name suggests, is an experimental vehicle that is not meant to be launched into outer space and orbit the Earth. He met with members of the SpaceFlight Insider team during the flight of a United Launch Alliance Atlas V 551 rocket with the MUOS-4 satellite.
This particular model will be used to test short launches and landings. After dabbling in math and engineering courses in college, he soon realized his true calling was communicating to others about space.