Musk said that the rocket could be used to bring people into orbit within a year.
The prototype, known as Mk1, is one of two identical rockets being assembled by SpaceX as part of an intracompany competition.
A Mk II version is now under construction at Musk's facility near Cape Canaveral. SpaceX also has the reusable capsules and rockets for astronauts that humanity still needs while SpaceX works on the space tour program.
Mr. Musk said, "I hope the audience agreed that humans should prepare for life elsewhere in the solar system". The plan was nothing if not ambitious. The starship is reusable and will be able to take 100 passengers at a time around in space to moon and beyond that.
"The critical breakthrough that's needed for us to become a space-faring civilization is to make space travel like air travel".
For almost two decades, he and his team of engineers have worked to make reusability mainstream.
It is unclear how much Maezawa paid, but Musk thanked him for his support during Saturday's presentation.
Ever since SpaceX program was started there have been a lot of achievements accomplished by it.
Musk's Saturday speech was indeed filled with enthusiasm about space travel.
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SpaceX now flies two kinds of rocket - the Falcon 9 and Falcon Heavy, the world's most powerful rocket - for NASA, the US Air Force and private satellite firms. With fuel, the whole rig will weigh about 1,400 tons.
Starship at SpaceX launch facility in Cameron County, Texas. And could be flying people to space as early as 2020 if Musk has anything to say about it. However he spent the most time discussing the use of stainless steel as the skin of the vehicle.
Starship is kind of not like something that's ever been sent to the area.
"I think the actual danger to the Boca Chica village is low but it's not tiny", Musk said during a question and answer session. "It will look all buggy to visualize that factor land". It rose to an altitude of 500 feet, flew sideways, then landed in a different spot.
So far, Starship and Super Heavy have just one flight on their manifest.
Starship, a shiny steel rocketship created to ferry dozens of humans to the moon and Mars, is the top half of Musk's colossal interplanetary rocket system that stands 387 feet tall (118 meters) as the latest addition to SpaceX's lineup of reusable launch vehicles.
Tech entrepreneur Musk and his SpaceX team have proposed developing infrastructure on Mars and aim to get humans on the red planet by 2024.
But this time a year ago, the site of his speech was just a mound of dirt, and now it's sprouted a suborbital vehicle the company says will fly in just a few weeks.