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The Boring Company’s Las Vegas transport tunnel meets skepticism from Monorail officials

(Image: The Boring Company)

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The Boring Company’s Las Vegas tunnel project is no stranger to struggle, and it appears that trend continues even after the company won its current contract with the city. Las Vegas Monorail officials recently voiced concerns over the engineering safety in areas where the two systems will intersect underground and lobbied for more oversight of the Elon Musk-led venture. Despite Boring’s objections, the Winchester Town Board which oversees the new tunnel project agreed to require regular coordination between The Boring Company, the Monorail officials, and Las Vegas’s Public Works department.

“The proposed underground people mover system intersects our existing system route, and it appears the presented tunnel alignment interferes with our existing columns for the Las Vegas Monorail system and creates significant concern regarding both vertical and lateral loads,” Curtis Myles, CEO of the Las Vegas Monorail, claimed in a letter to Clark County planning officials in June.

“When you have columns that would be this close, you’re not just concerned about contact with the columns, you’re also concerned about vibration,” a lawyer representing the Monorail clarified later. “The record has to be absolutely clear, if there’s any damage at all to the columns, it will shut the Monorail down.”

The Las Vegas Monorail. | Image: David Shane via CC BY 2.0. No changes were made.
The Boring Company’s Las Vegas tunnel station concept. | Image: The Boring Company

Jane Labanowski, The Boring Company’s government relations executive, objected to Myles’s concerns. “Noise and vibration [from tunneling] are imperceptible at the surface. We design our process to be deep enough underground such that a person walking [on the surface] creates more vibration than our tunnel-boring machine underground.”

The chairperson of the Winchester Town Board cited precautionary reasons for the new coordination requirements. “That way we all have a point of reference to go back to, just in case somebody forgets or doesn’t check in with other people…All of a sudden, someone gets to be a bad actor who doesn’t mean to be,” the chairperson is quoted as saying at the Board meeting where the recent decision was made. With construction plans finally approved, The Boring Company must now pursue permits to begin digging.

The board members of the Las Vegas Convention and Visitors Authority (LCVA) approved a $48.6 million contract with The Boring Company in May this year to build a transport tunnel under the the LCVA campus. The project will comprise one pedestrian tunnel and two vehicle tunnels connecting the campus’ New Exhibit Hall to the existing North/Central Hall. Construction is expected to be completed in time for the 2021 Consumer Electronics Show (CES), and according to a contractor with oversight of the Boring project, public access will be limited to the tunnels during the CES event. “During CES it will be a little more difficult to have the public coming in and out than it would be for a [smaller] trade show,” the contractor said during the Board meeting.

To transport Las Vegas tunnel passengers, The Boring Company plans to use modified Tesla Model X and Model 3 vehicles which will carry up to 16 passengers each with both sitting and standing room. The cars will have autonomous operation, although a human driver will also be present as a safety precaution. Boring has estimated the system will be capable of transporting up to 4,400 passengers per hour.

This latest regulatory hurdle is only the latest that The Boring Company has encountered while pursuing the Las Vegas tunnel project. Earlier this year, LCVA board members Michele Fiore and Carolyn Goodman argued against the Boring Company’s project proposal, citing the startup’s inexperience and suggesting that the proposal from Austria-based Doppelmayr Garaventa Group be embraced instead. Doppelmayr’s proposal involved an above-ground transit system that would cost around $215 million to complete.

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Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

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Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

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Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

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Elon Musk

Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

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