News
Future SpaceX & Blue Origin rocket recoveries may use largest mobile crane in the US
Florida’s Canaveral Port Authority took delivery of what is now the largest mobile crane on U.S. soil, originally purchased in order to support both extremely large cargo ships (known as New-Panamax-class) and the unique needs of orbital-class rocket recovery operations for SpaceX’s Falcon 9 and Falcon Heavy and Blue Origin’s prospective New Glenn launch vehicle.
While there’s a good chance that SpaceX will avoid changing their current Port Canaveral recovery operations and the complement of cranes they already lease or own, Blue Origin will almost certainly take advantage of Port Canaveral’s vast new crane, capable of lifting more than 200 metric tons (~450,000 lbs) at heights greater than 50 meters (160 ft).
I know @AstroVicnet had some questions about the new mobile crane and how it will be used in Port Canaveral. Here is an explainer and how it connects to our Spaceport partners like @SpaceX and @blueorigin. #SpaceXFleet https://t.co/UQqItZbdIr
— Julia Bergeron (@julia_bergeron) January 19, 2019
To put the scale of the crane (and perhaps SpaceX and Blue Origin rockets) into perspective, Falcon 9’s booster – on its own – stands an incredibly 45m (~150 ft) tall or almost the same height as the LHM 600’s main boom (the gray cylinder/tower in the photos above), while Blue Origin’s New Glenn first stage – set to debut as early as 2021 – would tower an extraordinary 57.5m (~190 ft) tall, probably 60m if its small legs are deployed. While SpaceX’s BFR booster (now Super Heavy) is expected to attempt recoveries on the actual launch pad mount, it would stand around 63m (~210 ft) tall. New Glenn and Super Heavy are likely to weigh 50-150+ tons empty.
COLOSSAL CRANE ARRIVES: A 270-foot-tall mobile harbor crane billed as the largest in the United States sails into Port Canaveral aboard the cargo vessel Happy Dover on Friday morning. The 87-foot-long, 1.1-million-pound Liebherr LHM 600 is set to go into service later this year. pic.twitter.com/51DP8Hdb0w
— Port Canaveral (@PortCanaveral) January 18, 2019
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The point is that for monolithic objects that are as tall as large rocket boosters, the logistics of actually moving them around can be surprisingly complex and challenging. SpaceX’s Falcon 9 and Heavy boosters happen to be short enough to be conveniently moved and manipulated by cranes that are quite large but still fairly common and easy enough to lease or purchase. SpaceX consistently uses similar tall, yellow cranes for the process of actually lifting Falcon 9 boosters – around 30t (~66,000 lbs) dry – off of their drone ships and onto land, while far smaller wheeled cranes can be used for the process of manipulating Falcon boosters once they are horizontal.
Given just how relatively light Falcon boosters are compared to their towering height, the cranes that can safely lift such tall and delicate objects tend to be designed to easily lift 5-10X as much weight at once. The next-generation rocket boosters (and even SpaceX’s Starship upper stage) will continue to push the height performance and begin to test the mass capabilities of modern cranes, particularly mobile varieties like the one that just arrived in Port Canaveral. One massive benefit of wheeled cranes like LHM 600 is how versatile and flexible they are, while tracked cranes like the largest ones SpaceX currently uses simply can’t move without risking the destruction of the ground beneath them, requiring that they use advanced mass-spreading technologies (i.e. giant beams of hardwood) wherever they crawl.
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- Another view of Port Canaveral’s shiny new LHM 600 crane shortly after arriving ashore. (Canaveral Port Authority)
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- Teslarati photographer Tom Cross managed to catch Port Canaveral’s new crane shortly after sunset, January 18th. (Tom Cross)
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- One of several large cranes used by SpaceX to vertically transport Falcon 9 and Falcon Heavy boosters is pictured here during third recovery of Falcon 9 B1046, December 2018. (Pauline Acalin)
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- New Glenn is a massive reusable rocket that will stand ~82m (270 ft) tall and be able to launch up to 45 metric tons (100,000 lb) to low Earth orbit (LEO). (Blue Origin)
Liebherr’s mobile harbor cranes offer a far more mobile solution in the form of traditional rubber tires and multiple large spreader plates that can be deployed and retracted when stationary. It will be genuinely interesting to see if SpaceX decides to replace its proven modes of vertical-lift recovery operations to gain the benefits of a crane that is new and an unknown quantity but could still simplify certain recovery operations. Perhaps even more importantly, the Canaveral Port Authority owns the new crane and apparently bought it with the specific intention of allowing companies like SpaceX and Blue Origin to use it – presumably for a reasonable fee – to assist during rocket recovery operations.
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.
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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.
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Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
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Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
