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SpaceX’s next Falcon Heavy hits milestone as final rocket parts arrive in Florida
SpaceX has reached a critical milestone on the road to Falcon Heavy’s third flight: all major parts of the rocket – three boosters, an interstage, and a payload fairing – are now officially on-site at the company’s Pad 39A launch facilities.
This means that all that stands between SpaceX, the USAF, and the critical mission is the integration of the hardware into one vehicle, as well as the integration and encapsulation of all 24 customer satellites in the Falcon payload fairing. As noted by the USAF Space and Missile Systems Center (SMC), Falcon Heavy’s Space Test Program-2 (STP-2) mission will be exceptionally challenging and important for SpaceX for a variety of reasons.
Falcon Heavy: The Upper Stagening
Although the general performance of the three first stage boosters will be absolutely critical, the US Air Force’s STP-2 mission manages to cram in several additional major goals. First and foremost, all eyes will be on SpaceX’s Falcon upper stage (S2). Scheduled to last no less than several hours, the upper stage will be put through its paces like never before, requiring four separate ignitions and shutoffs of its Merlin Vacuum engine. For SpaceX, this may be the first time the company has ever attempted the feat – if any on-orbit testing has been done after completing customer missions, SpaceX has never commented on it.
Back in February 2018, Falcon Heavy’s launch debut also happened to mark the first flight-test of a true long-duration upper stage coast and third ignition, a spectacular success that sent Starman and a Tesla Roadster into a heliocentric orbit that now reaches beyond Mars. As such, SpaceX will by no means be walking into the challenges of STP-2 unprepared. In fact, the coast required on Flight 1 may have technically been more challenging than any one of the four separate burns S2 will need to perform on STP-2. However, combining the need to do all four burns and deployments rather quickly and in sequence, the critical need for accurate orbital insertions, and high standards of reliability and mission assurance expected by the USAF, STP-2 will easily be the hardest mission SpaceX has yet to attempt.
If SpaceX succeeds, the benefits will stretch far beyond simply satisfying an Air Force requirement and securing the USAF’s Falcon Heavy certification. Once SpaceX has rigorously demonstrated the reliability of Falcon 9’s upper stage for long coasts and high numbers of ignition events, the company will be able to apply that as a marketable product. Potential customers include the usual communications satellite operators desiring a direct-to-GEO insertion, saving time (and thus making money faster) by skipping the orbit-raising that comes with easier transfer orbits.
One major use-case – as demonstrated by Falcon Heavy’s interplanetary launch debut – is sending payloads beyond Earth orbit, a capability that NASA would undoubtedly take advantage of.
Reusability makes a surprise entrance
But wait, there’s more! In a predictable but still largely unexpected turn of events, the Air Force has also selected Falcon Heavy’s STP-2 mission as an opportunity to gain familiarity with the rocket reusability SpaceX is famous for. Falcon Heavy’s second mission and commercial launch debut – Arabsat 6A – used three all-new Block 5 boosters, two of which returned to land after gentle recoveries. Known as B1052 and B1053, the lightly-used boosters are now scheduled to become the first flight-proven orbital-class rockets launched on a Department of Defense (DoD) mission in 25 years, since the Space Shuttle’s final military mission in 1992.
If successful, SpaceX will help pave the way for the US military to seriously adopt reusable rockets and develop the “certification” procedures needed to do so. This will benefit all prospective US launch providers, not just SpaceX, but SpaceX will likely be the only company flying valuable payloads on flight-proven rockets until Blue Origin and ULA’s Vulcan achieve flight-proven certification for military launches. Much like regular certification often requires multiple launch demonstrations, flight-proven certification will likely be at least as – if not more – stringent. For New Glenn, that milestone might come as early as 2023-2025, while Vulcan – if a reusable engine section is ever actually implemented – is unlikely to even complete its launch debut – let alone first reuse – before 2025.
As such, SpaceX is quite literally half a decade ahead of its prospective competitors when it comes to certifying flight-proven rockets for high-value launches. Additionally, just the act of the USAF completing its development of a reusability certification process will likely encourage – if not directly lay the foundation for – NASA to seriously consider doing the same with its own launch services.
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Elon Musk
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.
The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.
Introducing Liner Truck 3 — our latest fully electric tunnel vehicle.
– Tesla Model 3 battery and drive units
– Transports 22,000+ lb of concrete segments to the boring machine
– 28 miles of range
– 12 mph max operating speed
– Remotely piloted from Global OCC in Texas, with… pic.twitter.com/XB7FgSXnpy— The Boring Company (@boringcompany) August 7, 2026
The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.
The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.
The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.
It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
News
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
