News
NYC subway closure canceled, Elon Musk’s Boring Company tapped for ideas to improve other systems
The Governor of New York State, Andrew Cuomo, announced on Thursday evening that the current plan to shut down the 225,000 commuter-strong L-train tunnel in the New York City public transportation system for a 15-month-long repair process will no longer be necessary due to a plan implementing new reconstruction techniques. After consulting with a panel of expert engineers from Columbia and Cornell Universities, a new design was proposed to be used in the tunnel which would streamline the repair process and require closures during nights and weekends with partial train tunnel service still available. When asked in a conference call Friday whether other innovators such as Elon Musk of Tesla and The Boring Company were consulted, the governor said Musk had not advised on this specific issue, but was consulted on improvements to the subway’s signaling system. The Metropolitan Transport Authority (MTA), New York’s transportation network, accepted the Governor’s panel recommendations following the announcement.
The L train tunnel under the East River connecting Brooklyn and Manhattan in New York, known as the Canarsie Tunnel, was damaged during Hurricane Sandy, the Category 3 major hurricane which affected the entire eastern seaboard of the United States in 2012. Its storm surge hit NYC on October 29, flooding huge portions of the island, including 9 of the 14 underwater tunnels in the city’s transport system. Of these, 6 have already been repaired. According to the MTA, the damage to the Canarsie Tunnel is comparable to tunnel damage experienced on 9/11, underlining the extent of the repairs needed and the reason behind the original required shutdown.
- Governor Andrew Cuomo with engineering consultants surveying the Canarsie Tunnel. | Credit: New York State Governor’s Office
- Governor Andrew Cuomo with engineering consultants surveying the Canarsie Tunnel. | Credit: New York State Governor’s Office
- A graphic representation of the duct banks damaged in the Canarsie Tunnel during Hurricane Sandy. | Credit: MTA
Saltwater flooding in from the East River during Sandy significantly damaged the infrastructure of the 7,100-foot-long tunnel, including tracks, signals, switches, cables, and lighting. The flood waters additionally filled protected cable tube pathways called “duct banks” throughout the tunnel, and once dry, the silt hardened to a cement-like consistency inside them, making it impossible to rip out and restore the damaged components. Canarsie Tunnel also opened in 1924, adding age to the brewing number of problems being amplified by the lingering effects of corrosive saltwater remnants from Sandy.
In 2016, residents were informed the tunnel was possibly going to be shut down for 15 months to address the extensive repairs, causing significant commute challenges for the approximately 225,000 riders depending on the service. The date for service closure was scheduled to begin April 27, 2019, but the impending deadline motivated Governor Cuomo to seek out alternative solutions. “I can’t tell you the number of people in Brooklyn who have looked me right in the eye and said, ‘Are you sure that there is nothing else that can be done and there’s no way you can possibly shorten this?’,” Cuomo stated in a recent press conference announcing the new subway repair plan.
- Damage sustained by the Canarsie Tunnel during Hurricane Sandy. | Credit: MTA
- Damage sustained by the Canarsie Tunnel during Hurricane Sandy. | Credit: MTA
- Damage sustained by the Canarsie Tunnel during Hurricane Sandy. | Credit: MTA
The repair announcement was the end result of a review process Governor Cuomo began on December 14, 2018, wherein he and a consulting team walked through the damaged tunnel to assess the repairs needed first hand. While the plan will take longer than the original project’s timeline – 20 months instead of 15 – the ability to remain open during the repairs is a welcome relief for city residents. The technology that will enable the tunnel to remain open includes wire wrapping along with ultrasound and laser measurement (LIDAR) tools to assess and monitor damage. Engineers from Cornell University’s College of Engineering and Columbia University’s Fu Foundation School of Engineering and Applied Science with expertise in the type of construction involved were the primary sources for the solutions chosen.
Similar to the innovations that came from Musk’s Boring Company tunneling project, the governor has hopes that the unique system planned for the Canarsie Tunnel will inspire other similar repair projects. “This could be a national model because it is a totally different way to reconstruct a tunnel,” Governor Cuomo touted at the press conference. Also, according to the governor, the techniques in the new plan have been implemented in projects in Europe before for bridge repair, but not in tunnel reconstruction. He hopes to bring more out-of-the-box innovations to the city’s transportation as well. In reference to Elon Musk’s companies, he said, “I don’t believe a time where they’re talking about flying cars and you can get into a car and drive 100 miles on the LIE and never touch the steering wheel, that there’s not a better technology that can regulate the trains!”
For more about the announcement and repair plan, watch Governor Cuomo’s press conference below:
News
SpaceX soars with its first launch as a public company, marking a new era
SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.
Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.
The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.
Watch Falcon 9 launch 24 @Starlink satellites to orbit from California https://t.co/meDwb05qOE
— SpaceX (@SpaceX) June 15, 2026
This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.
The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.
As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.
SpaceX maintains bold advertising push for Starlink, contrasting Tesla’s minimalistic approach
Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.
SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.
Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.
As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.
Investor's Corner
Musk’s biggest bettor Ron Baron reveals massive SpaceX IPO bet
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA
This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.
News
SpaceX maintains bold advertising push for Starlink, contrasting Tesla’s minimalistic approach
SpaceX and Tesla, the two flagship companies under Elon Musk’s leadership, share a commitment to groundbreaking technology yet pursue dramatically different paths in how they connect with customers.
Tesla has built its brand through a philosophy of minimal traditional advertising, trusting that exceptional products will generate their own momentum.
SpaceX, by contrast, has embraced high-visibility paid advertising for its Starlink satellite internet service, placing prominent spots during major live sporting events such as the Super Bowl and the recent UFC Freedom 250. This divergence highlights how each company tailors its marketing to the unique demands of its products and target markets.
Tesla’s approach stems directly from Musk’s long-held conviction that superior engineering sells itself. Musk has repeatedly explained that the company redirects resources into research and development rather than endorsements or television commercials.
Tesla’s growth has relied instead on organic channels: enthusiastic owner referrals, viral product reveals like the Cybertruck, extensive media coverage of launches and achievements, and the sheer visibility of its vehicles on roads everywhere.
Even as the company has tested more social media promotions in response to fluctuating demand, its overall strategy remains restrained and digital-focused compared to legacy automakers that pour hundreds of millions into marketing annually.
SpaceX has taken a more assertive route with Starlink to drive widespread consumer awareness. In February of this year, SpaceX aired its first-ever Super Bowl advertisement, marking the initial time any Musk-led enterprise invested in the massive event.
The thirty-second spot emphasized fast and affordable internet available nearly anywhere on the planet, blending inspiring footage of Falcon 9 and Starship landings with narration drawn from science fiction visionary Arthur C. Clarke. United Airlines complemented this with its own Super Bowl commercial showcasing Starlink-enabled high-speed Wi-Fi on flights.
🚨 Starlink Super Bowl ad! https://t.co/pEdH1KevBj pic.twitter.com/01onakkoqX
— TESLARATI (@Teslarati) February 9, 2026
But that is not all SpaceX has done to get word out about its internet service.
Just last night, Starlink branding appeared prominently on the octagon and during the broadcast of UFC Freedom 250, the high-profile event staged on the White House South Lawn. These placements represent a strategic investment in reaching massive, engaged audiences.
🚨 Starlink ads have appeared on the UFC Freedom 250 broadcast on Paramount+ pic.twitter.com/VPAAhDR6LI
— TESLARATI (@Teslarati) June 15, 2026
The rationale behind SpaceX’s advertising push lies in Starlink’s distinct position as a consumer broadband service. Unlike Tesla’s visually striking cars that act as mobile billboards for early-adopter enthusiasts, Starlink must overcome awareness gaps in rural, remote, and mobile markets where traditional internet infrastructure falls short.
Starlink now serves as SpaceX’s leading revenue generator, with ambitions tied to future growth and potential public offerings. Targeted advertising during sports broadcasts efficiently demonstrates real-world reliability for applications ranging from home connectivity to aviation and live event broadcasting.
Partnerships with airlines and mobile providers further extend its reach, while high-profile placements help convert curiosity into subscriptions amid competition and regulatory considerations.
Ultimately, these contrasting strategies reflect the different maturity levels and competitive landscapes each business navigates. Tesla benefits from built-in visibility and a passionate community that amplifies its message at little cost.
Starlink, operating in the more fragmented broadband sector, requires deliberate efforts to educate and attract mainstream users. By leveraging the spectacle of major sporting events where Tesla once declined to participate, SpaceX is accelerating Starlink toward global ubiquity.
This flexibility underscores a key lesson: even the most innovative companies must adapt their tactics to the practical realities of their markets and customer acquisition challenges.





